FG Printed Too Much Money, Gov Otti Laments Free Fall Of Naira

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Abia State Governor, Alex Otti, has lamented the free fall of the naira, saying the Federal Government printed too much money in circulation.

The governor stated this during an interview on Thursday.

“I believe that the major problem we have is financial discipline. We are dealing with an economy where we printed so much money, at the last count, we will be nearing N30 trillion,” he said.

“So what happens with ways and means is that the quantum of goods that you have available in an economy does not increase with the quantity of money that you print.”

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