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Finance Minister Reacts to Obaseki''s Claim that FG Printed N60bn, Says Edo Gov Lied

By Deji Elumoye

Minister of Finance, Budget and National Planning, Zainab Ahmed, who made this known at the end of the weekly virtual meeting of the Federal Executive Council (FEC), described as untrue, sad and unfortunate the statement credited to Governor Obaseki that the federal government had to print N60 billion to fund the March, 2021 federal allocation to the 36 states and Federal Capital Territory (FCT).

The Edo state Governor was quoted as saying at the Edo transition committee stakeholders engagement penultimate Saturday that, When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share. This April, we will go to Abuja and share. By the end of this year, our total borrowings are going to be within N15-N16 trillion.

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