Why We Printed Money To Support Government ___CBN #OsazuwaAkonedo #Emefiele

Why We Printed Money To Support Government ___CBN #OsazuwaAkonedo #Emefiele

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Central Bank of Nigeria, C.B.N and its Governor, Godwin Emefiele during the week have continued to give justice to why the apex bank printed money to support governments at all level.

The apex bank Governor, Godwin Emefiele while answering questions from journalists during the week said the bank printed money to susport government due to unfortunate economic situation in Nigeria.

Central Bank of Nigeria thereafter posted on its social media handles that the concept of printing money is to lend and it is irresponsible for the apex bank to stand idle and refuse to suspport governments at this critical time.

OsazuwaAkonedo reports that C.B.N and its Governor fail to explain to the general public the concept or consequences of printing money for an unqualified client who do not have the loan repayment capacity.

When a bank gives more loans or over indebt a business, the consequence is that such business may go bankrupt.

  • Picture shows Federal Miniter of Finance, Budget and National Planning, Zainab Ahmed.
  • Picture shows Central Bank of Nigeria Governor, Godwin Emefiele.
  • Picture shows Edo State Governor, Godwin Obaseki.
  • Picture Shows President Muhammadu Buhari.

The business owner may end up selling his personal properties and the busness fixed assests to pay off the loan.

This may explain why many states are gradually going bankrupt or retrenching workers because larger portion of the state capital or main revenue for running the state are now used for debt servicing or loan repayment while taking more loans.

President Muhammadu Buhari budgeted more than 3 trillion naira representing 90 percent of Overhead Cost for loan repayment in this year 2021.

President Muhammdu Buhari again budgeted 4 trillion representing 60 percent of the expected revenue as new loan to finance 2021 budget.

This shows that Nigeria is already an unqualified client in line with loan administation process that should not be granted new loans.

The 2021 budget reveals that Nigeria is practicing money printing economy system.

In actual sense, the federal government according to the indication of the 2021 budget is not paying back loans, rather it’s using new loans to cover up old loans and loan burden on the country may continued to grow unabated.

It may be right to say President Muhammadu Buhari and the Central Bank Governor, Godwin Emefiele are only promoting evil days with their style of loan adminstration process.

Central Bank of Nigeria in its words said thus:

The concept of printing of money is about lending money and that is our job…It will be irresponsible for the CBN or any Central Bank or Fed to stand idle and refuse to support its government at a time like this. #Emefiele.

Prior to C.B.N statements, Edo State Governor, Godwin Obaseki revealed to the public recently that Federal Government printed additional 50 to 60 billion naira for the three tiers of government to share as allocation.

Picture shows President Muhammadu Buhari (middle) with leaders of National Assembly in Aso Rock recently.

Federal Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed faulted and denied Governor Obaseki claim, insisting that they never printed money to share.

Governor Obaseki in new response asked the Finance Minister, Zainab Ahmed to stop monetary rascaility that is pushing Nigeria into worsening future and as well the Minister should stop playing the ostrich.

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Osazuwa Akonedo

Osazuwa Akonedo is a Nigerian media professional, author, and consultant. His work spans various sectors of communication and literature: Journalism and Media: He is the founder of OsazuwaAkonedo, which focuses on news analysis and commentary. He also provides consultancy services in media and banking. Literature: He is a published playwright and author of Nigerian literature. One of his notable works is the drama titled The End Shall Tell: What Exam Malpractice Can Cause, which addresses educational and social issues in Nigeria. Reporting: He frequently reports on regional news, particularly concerning Edo State and broader Nigerian current affairs. Credit: Google Gemini AI Mode Osazuwa Akonedo is a Nigerian media creator, journalist, and entrepreneur who engages audiences via news reporting, social media content, music, and a mobile application. Professional Background and Company Osazuwa Akonedo is associated with OSAZUWAAKONEDO LIMITED, a company registered in Nigeria that operates in media consultancy and news services  The company is headquartered in Benin City, Edo State, Nigeria, and has been active in publishing news in various formats including text, audio, video, and photos  Social Media and Online Platforms Osazuwa Akonedo maintains a strong online presence on several platforms: TikTok: Shares news updates and reports, for example, covering police operations in Nigeria  YouTube: Operates a channel where he uploads videos on current affairs and news content  Twitter/X: Active under the handle @akonedo_osazuwa, posting updates on events and news  Facebook: Profiles listing his connection to news and media activities can be found on Facebook  Mobile App: Offers a dedicated mobile application for news access through Google Play (Osazuwa Akonedo News App) providing text, video, and photo news formats  News Reporting and Content He produces news content covering national and local stories, including criminal activities, government updates, and investigative reports   His reporting spans multiple formats, making it accessible to a wide audience through online platforms, mobile apps, and social media  Other Contributions In addition to journalism, Osazuwa Akonedo has also ventured into audio releases, such as “Former Justice Minister Abubakar Malami Begs Nigerians For Justice” released on January 25, 2026   He also hosts podcasts documenting significant events, e.g, NDLEA arrests related to historical criminal cases  Summary Osazuwa Akonedo is a multifaceted media professional engaged in journalism, social media content creation, music, and technology via his news app. He utilizes platforms like TikTok, YouTube, Twitter/X, Facebook, and mobile applications to disseminate news and reach audiences both locally and internationally Credit: Azure AI

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2 thoughts on “Why We Printed Money To Support Government ___CBN #OsazuwaAkonedo #Emefiele”

  1. Facebook Attacks OsazuwaAkonedo Website, Remove Post

    Dear Mark Zuckerberg,
    It is sad that people managing facebook in Nigeria have turned themselves to be agents of censorship.

    This post below was first published on April 16 , 2021.

    Facebook remove the post. Sadly enough, facebook went against our business integration agreement and thus invaded my website to delete the post.
    Sir, this is censorship taken too far.

    To worsen situation, today a post titled Why We Printed Money To Support Government___CBN secretly removed from the facebook platform since morning without any reason made known to me.

    The agent doing this stylish and secret censorship have not been able to invade my site as he or she did on 16th.
    #Emefiele #OsazuwaAkonedo

    https://osazuwaakonedo.com/buhari-a-president-or-ceremonial-head-of-government-osazuwaakonedo/2021/04/18/21/39/48/

    Reply

  2. Facebook Attacks OsazuwaAkonedo Website, Remove Post

    Dear Mark Zuckerberg,
    It is sad that people managing facebook in Nigeria have turned themselves to be agents of censorship.

    This post below was first published on April 16 , 2021.

    Facebook remove the post. Sadly enough, facebook went against our business integration agreement and thus invaded my website to delete the post.
    Sir, this is censorship taken too far.

    To worsen situation, today a post titled Why We Printed Money To Support Government___CBN secretly removed from the facebook platform since morning without any reason made known to me.

    The agent doing this stylish and secret censorship have not been able to invade my site as he or she did on 16th.
    #Emefiele #OsazuwaAkonedo

    https://osazuwaakonedo.com/buhari-a-president-or-ceremonial-head-of-government-osazuwaakonedo/2021/04/18/21/39/48/

    Reply

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