Minister Debunks Obaseki’s Claim Of Printing ₦60bn

• Obaseki had last week raised an alarm over Nigeria’s financial position which he said made the CBN to print about ₦60billion to augment allocation shared by states last month

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday said there was no truth in the claim made by the Edo State Governor, Godwin Obaseki, that the Central Bank of Nigeria had to print between ₦50billion and ₦60billion for states to share in March.

While describing the governor’s claim as very sad, the minister explained that the money being shared monthly at the meeting of the Federation Account Allocation Committee (FAAC) is revenue generated.

The minister added that Obaseki’s claims are not factual, adding that revenue distribution is a public information that is available to all.

Read also: Nigeria’s External Debt To Revenue Up 400% In 10 Years – Sanusi

Ahmed said: “The issue that was raised by the Edo State Governor, for me, is very sad because it is not a fact.

“What we distribute at FAAC is a revenue that is generated and in fact, distribution revenue is a public information.

“We publish revenue generated by FIRS, the Customs and the NNPC and we distribute at FAAC.

“So, it is not true to say we printed money to distribute at FAAC. It is not true.”

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