The Nigerian government has denied a claim by Godwin Obaseki, governor of Edo State, that N60 billion was printed in March to support allocation to states.
The minister of finance, budget and national planning, Zainab Ahmed, said this while speaking with news men in Abuja on Wednesday.
The minister said Mr Obaseki’s claim was very sad because it was “untrue”.
“The issue that was raised by the Edo State Governor for me is very, very sad,” Mrs Ahmed argued, “Because it is not a fact.”
Mr Obaseki had lamented the fiscal state of the nation, adding that Nigeria is in financial trouble.
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While speaking at the Edo state transition committee stakeholders engagement, he claimed the government printed money to bridge FAAC allocation.
“When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share,” he had said.
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But Mrs Ahmed maintained Wednesday that FAAC allocation was sourced from revenues from different agencies of the federal government.
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