Temidayo Akinsuyi, Lagos

Pan Yoruba socio-political organisation, Afenifere has rejected the suggestion that the Federal Government should print more naira notes in order to save the economy from collapse following the outbreak of COVID-19 pandemic across the globe.

The suggestion to print more naira notes was given by Asiwaju Bola Tinubu, former governor of Lagos state and national leader of the ruling All Progressives Congress (APC).

In a statement he personally signed to mark his 68th birthday, Tinubu had implored the federal government to take a cue from the United States Federal Reserve which printed more dollars in order to boost the economy.

Tinubu said: “Already, the price of oil has fallen to less than $30 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.”

However, Yinka Odumakin, Afenifere’s National Publicity Secretary in a chat with Daily Independent said it is unfortunate that a richly endowed nation like Nigeria is being asked to print more money like it was done in the days of late Ugandan dictator, Idi Amin.

“That a richly endowed country like Nigeria is being asked to print money like Idi Amin of Uganda in these early days of this pandemic shows how irresponsibly this country has been run and the need to start on a fresh slate when this is over”.

The leadership that took us into this mess can never get us to a better place for ever. Even if we agreed to print money today, they will print more for theft than for the use of the larger society”.

“Even the funds being donated to fight this scourge would mostly be stolen” Afenifere said

Basic123:
Tinubu has provided food for these ones

Oshigun:


Indeed. And for jobless and hateful IPOBians too. At this critical time of lockdown when everyone is facing their direct household, local government and State it is sad to see that it is only IPOBians who continue to obsess about Tinubu and the SW without a care about the Corona status of their respective SE states.

This is why their Governors get away with murder to now be acclaimed worst in Nigeria.

Even the funds being donated to fight this scourge would mostly be stolen” Afenifere said

Words On Marble

Where is all the 1billion,500milla,100milla and 50 milla? Abi them wan use am hire English teacher for bullhari This corntree don tire me...make we start afreash abeg,even if na 1856

Totilopussylick:
Tinubu might be right after all

hisexcellency34:
why not advise your leader too who gave a senseless advice that Buhari has ignored

hisexcellency34:
why not advise your leader too who gave a senseless advice that Buhari has ignored

seunmsg:


Senseless advice, right? It’s okay. Let us continue to observe the economy. It is still early days so most of you guys running your mouth anyhow won’t understand. If we ever get to the point where a sustained national lockdown is inevitable, that is when you will realize the need to prevent the economy from total collapse. Let’s all continue to abuse Tinubu because it’s woke without thinking out of the box for an alternative policy.