The National Leader of the ruling All Progressive Congress (APC) Asiwaju Bola Ahmed Tinubu, has appealed to President Muhammadu Buhari led administration to print more naira notes to save the Nigerian economy amidst the adverse effect of the COVID-19 pandemic and crash in crude oil prices globally.
This advice is part of a special message which was issued by the former Governor to President Muhammadu Buhari, a day before his 68th birthday.
In his special message which was monitored by Naija News and titled: A message on the coronavirus; A time for unity, a time for thought, a time for action, Tinubu said the United States Federal Reserve had printed more dollars in order to boost the economy.He said Nigeria could also do the same.
Tinubu added, “Already, the price of oil has fallen to less than 30 dollars 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.”
He admitted that we as Nigerians are facing challenges that we cannot see, but can find us too easily. That the coronavirus disease is here and cannot be paid off and bargained with by the rich, read their bank statements or intimidated by them. The disease as well does not care or have mercy for the poor, recognize religion or geographical location.
He admonished Nigerians that the present crisis is a wakeup call to unite and act as one blood.