By Tayo Alabi
The Minister of Finance, Budget, and National Planning Zainab Ahmed has said report credited to Edo State Governor, Godwin Obaseki that the Central Bank of Nigeria printed an additional N50billion to N60billion to make up for state allocations is sad and untrue.
The Minister spoke on Wednesday after the 41st virtual Federal Executive Council meeting chaired by the Vice President, Professor Yemi Osinbajo at the State House.
She described the governor’s claim as very sad and untrue.
“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 revenue that is generated and in fact, distribution revenue is 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,” she said.
Obaseki last week raised an alarm over the country’s rising debt profile, saying the situation is more critical now because of the huge amount borrowed to service the ailing economy.
He also claimed that the Federal Government printed an additional ₦50 to ₦60 billion to top-up for FAAC.
