Emefiele, on the official twitter handle of the CBN @cenbank on Friday, said printing money is about lending money.
The Apex bank governor seems to be responding to Edo Governor Godwin Obaseki who alleged the Federal Government printed N60bn to augment March allocation to States at the weekend, something the Federal Government dismissed as “sad and untrue.”
But Obaseki on Thursday maintained his stand “Rather than play the Ostrich, we urge the government to take urgent steps to end the current monetary rascality so as to prevent the prevailing economic challenge from degenerating further.”
Emefiele on Friday however laid credence to the governor’s claim, saying it would be irresponsible for any Central Bank to refuse to support its government when it is in need.
He said: “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.”
