Edo North Senator, Adams Oshiomhole, has said that the “excessive printing of money” by the Central Bank of Nigeria under the administration of former President Muhammadu Buhari through the Ways and Means policy crippled the naira.
The Ways and Means provision allows the Federal Government to borrow from the CBN if it needs emergency finance to fund delayed government expected cash receipts of fiscal deficits.
At a Progressives Governors Forum’s Meeting and Interactive Session in Benin City, Edo State, on Saturday, Oshiomhole blamed the policy for the eventual collapse of the Nigerian currency against the US dollar.
