Friday, September 29, 2023
More

    Latest Posts

    Labour faults FG’s meeting, insists on indefinite strike

    The National Deputy President of the Trade Union Congress, Tommy Etim, said nothing would stop the strike, noting that Nigerian workers were disenchanted with...

    Independence Day: FG declares Monday public holiday

    In commemoration of Nigeria’s 63rd Independence Day anniversary, the Federal Government has declared Monday, October 2, 2023, as a public holiday. The Minister of Interior,...

    Portable flaunts newly acquired whip after crashing previous car

    Nigerian streets singer Habeeb Olawunmi, aka Portable, has bought a new car after narrowly escaping death in his G wagon in July 2023. Celebrities Portable...

    Kaduna tribunal rejects Sani’s motion to dismiss Ashiru, PDP’s petition

    The Governorship Election Petitions Tribunal in Kaduna State, on Thursday, dismissed the preliminary objection filed by the State Governor, Uba Sani, on the timeliness...

    Obaseki lambasts finance minister, insists FG printed N60bn

    Edo Governor Godwin Obaseki has faulted the Minister of Finance, Budget, and National Planning, Zainab Ahmed, for denying that the Federal Government printed N60 billion in March to support allocation to states.

    The governor, who accused the Federal Government of “monetary rascality’, also tackled the finance minister for “playing the Ostrich”.

    Obaseki said this in a series of tweets to react to the denial by Zainab that his claim on FG’s printing of N60bn was “untrue”.

    Obaseki said, “While we do not want to join issues with the Federal Ministry of Finance, we believe it is our duty to offer useful advice for the benefit of our country.

    “The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, should rally Nigerians to stem the obvious fiscal slide facing our country.

    “Rather than play the Ostrich, we urge the government to take urgent steps to end the current monetary rascality, so as to prevent the prevailing economic challenge from degenerating further.

    “We believe it is imperative to approach the Nigerian project with all sense of responsibility and commitment and not play to the gallery because ultimately, time shall be the judge of us all.”

    Obaseki was last week quoted as raising the alarm over Nigeria’s financial position which he said made the CBN print about N60billion to augment allocation shared by states in March.

    “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,” Obaseki had lamented over the weekend.

    But while answering questions from State House correspondents on Wednesday, the minister said Obaseki’s claim was not factual.

    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 revenue that is generated and in fact, distribution revenue is a piece of 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.”

    Latest Posts

    Labour faults FG’s meeting, insists on indefinite strike

    The National Deputy President of the Trade Union Congress, Tommy Etim, said nothing would stop the strike, noting that Nigerian workers were disenchanted with...

    Independence Day: FG declares Monday public holiday

    In commemoration of Nigeria’s 63rd Independence Day anniversary, the Federal Government has declared Monday, October 2, 2023, as a public holiday. The Minister of Interior,...

    Portable flaunts newly acquired whip after crashing previous car

    Nigerian streets singer Habeeb Olawunmi, aka Portable, has bought a new car after narrowly escaping death in his G wagon in July 2023. Celebrities Portable...

    Kaduna tribunal rejects Sani’s motion to dismiss Ashiru, PDP’s petition

    The Governorship Election Petitions Tribunal in Kaduna State, on Thursday, dismissed the preliminary objection filed by the State Governor, Uba Sani, on the timeliness...

    Don't Miss

    FG, NLC meeting deadlocked, workers insist on demands

    In a race to beat the deadline for the planned commencement of an indefinite strike that may lead to the shutdown of the economy,...

    Iyabo Ojo calls for peaceful protest over Mohbad’s death, cries for justice

    Nollywood actress Iyabo Ojo has passionately cried for justice for the late singer Mohbad, announcing a peaceful protest within the week. Speaking during her Instagram...

    FG, labour meet today on post-subsidy talks

    The Federal Government and the leadership of the Nigerian Labour Congress will meet on Monday, September 18, 2023 (today) to resolve issues over the...

    Averted crash: Adeleke’s aide alleges sabotage

    Spokesperson to the Osun State Governor, Olawale Rasheed on Sunday confirmed that Governor Ademola Adeleke and some of his aides recently narrowly escaped an...

    N’Assembly plans quick screening, private sector demands forex reforms

    The National Assembly has hinted on plans to expedite the screening of nominees for the positions of the Governor of the Central Bank of...

    Stay in touch

    To be updated with all the latest news, offers and special announcements.