The Nigerian government has denied claims by Godwin Obaseki, governor of Edo State, that about N60 billion was printed in March to support allocation to states.
The minister of finance, budget and national planning, Zainab Ahmed, refuted the claim while speaking with news men in Abuja on Wednesday.
The minister said Obaseki’s claim was very sad as 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.”
Obaseki had lamented the fiscal state of the nation, adding that Nigeria is in financial trouble.
While speaking at the Edo state transition committee stakeholders engagement, the Governor had claimed 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.
But Mrs Ahmed maintained Wednesday that FAAC allocation was sourced from revenues from different agencies of the federal government.
