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Tinubu’s government has not borrowed from CBN – Finance Minister
The Minister of Finance and Coordinating Minister of the
Economy, Wale Edun, has said the Tinubu-led Federal Government has not borrowed
money from the Central Bank of Nigeria, CBN.
Edun made this disclosure on Thursday while fielding
questions from newsmen after a meeting with investors at the ongoing Spring
Meetings of the IMF and World Bank in Washington DC, United States.
He said the Federal Government would pin down Ways and Means
to deal with the problem of too much liquidity in the system, adding that the
fiscal and monetary authorities were complementing each other to bring down
inflation.
According to him, “We will pin down Ways and Means to
alleviate the pressure of the excess money in the system.