The Federal Government has described as untrue and sad, comments by the Edo State Governor, Godwin Obaseki, where he alleged that N60 billion was printed in March to support federal allocation to states.
It also said despite Obaseki’s worry about the rising debt profile of the country, saying Nigeria is in ‘huge financial trouble’, is also not true as the country’s debt is still within sustainable limits.
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The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this on Wednesday while responding to a question by state house correspondents on Gov. Obaseki’s statement at the end of the weekly Federal Executive council, chaired by Vice President Yemi Osinbajo.
Ahmed said: “The issue that was raised by the Edo State Governor for me is very, very sad. Because it is not a fact. What we distribute at FAAC is revenue that is generated and in fact distribution revenue is a piece of public information.
The Edo Governor was quoted as saying at the Edo transition committee stakeholders engagement last week Saturday that, “When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share”.
Editor: Oloyede Oworu
