Home NEWS Coronavirus: Print more naira notes, Tinubu tells FG

Coronavirus: Print more naira notes, Tinubu tells FG

37
0
Image result for Tinubu lists what Buhari will do in second term

All Progressives Congress leader , Bola Tinubu , has asked the Federal Government to print more naira notes in order to save the economy from collapse even as the Covid – 19 pandemic continues to bite harder .

Tinubu said this in a statement he wrote in commemoration of his 68 birthday .
The former governor of Lagos State said the United States Federal Reserve had printed more dollars in order to boost the economy .

READ ALSO: I Want To Go To Heaven – Former President, Olusegun Obasanjo, Says

He said Nigeria could also do the same .
Tinubu added , “Already , the price of oil has fallen to less than 30 dollars a barrel . This will bring a dollar shortfall . This does not, however , necessitate a corresponding shortfall in public sector naira expenditures .

“The US controls dollar issuance . We control naira issuance as is our sovereign right. Just as America has used its sovereign right to issue its currency to stave economic disaster, so too may Nigeria issue naira for the same purpose .”