{"id":42363,"date":"2021-04-14T14:28:22","date_gmt":"2021-04-14T14:28:22","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=42363"},"modified":"2021-04-14T14:28:27","modified_gmt":"2021-04-14T14:28:27","slug":"fg-counters-obaseki-denies-printing-n60bn-for-march-allocation","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=42363","title":{"rendered":"FG counters Obaseki, denies printing N60bn for March allocation"},"content":{"rendered":"\n
\"POWER<\/figure>\n\n\n\n

The Federal Government has denied it printed N60bn to augument March allocation to States as alleged by Edo Governor Godwin Obaseki.<\/p>\n\n\n\n

It described the allegation by Obaseki as untrue and sad.<\/p>\n\n\n\n

Minister of Finance, Budget and National Planning, Zainab Ahmed, told State House correspondents: \u201cThe issue that was raised by the Edo State Governor for me is very, very sad because it is not a fact.\u201d<\/p>\n\n\n\n

It reproved Obaseki for saying it printed money to share among federating unit, describing the claim as falsehood.<\/p>\n\n\n\n

The Federal Government also described the Governor\u2019s alarm over the nation\u2019s borrowing as needless, saying Nigeria\u2019s debt profile is still within sustainable limits.<\/p>\n\n\n\n

The Edo State governor had while speaking at the Edo Transition Committee Stakeholders\u2019 Engagement claimed the Federation Account Allocation Committee (FAAC), to be able to meet the revenue sharing to states for the month of March, had to print about N60 billion more cash.<\/p>\n\n\n\n

He had, during the same event, alleged that the Federal Government had been borrowing without a sustainable plan to sort out the nation\u2019s debt load.<\/p>\n\n\n\n

Ahmed deflated Obaseki\u2019s claims.<\/p>\n\n\n\n

She said: \u201cThe issue that has been raised by the Edo State Governor, for me, is very sad because it is not in a fact. What we distribute at FAAC is a revenue that is generated and in fact distribution revenue is a public information, we publish it.<\/p>\n\n\n\n

\u201cSo it\u2019s revenue generated by the FIRS, the Customs and the NNPC, that we distribute at FAAC. So it is not true to say we printed money to distribute at FAAC, it is not true,\u201d she stressed.<\/p>\n\n\n\n

Speaking to the issue of borrowing without a repayment plan, Ahmed said the nation\u2019s debt profile remains within manageable realms, saying the plan for the country is basically to improve its revenue generation to take care of both debt servicing and running of government.<\/p>\n\n\n\n

\u201cOn the issue of the borrowing, the Nigerian debt is still within sustainable limits. What we need to do, as I have said several times, is to improve our revenue to enhance our capacity to service, not only our debt obligations, but to service the needs of running government on day to day basis.<\/p>\n\n\n\n

\u201cSo our debt, currently at about 23% to GDP, is at a very sustainable level. You can look at all the reports that you see from multilateral institutions, those facts are stated,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Government has denied it printed N60bn to augument March allocation to States as alleged by Edo Governor Godwin Obaseki. It described the allegation by Obaseki as untrue and sad. Minister of Finance, Budget and National Planning, Zainab Ahmed, told State House correspondents: \u201cThe issue that was raised by the Edo State Governor for […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[21],"tags":[],"yoast_head":"\nFG counters Obaseki, denies printing N60bn for March allocation » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=42363\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=42363#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=21\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"FG counters Obaseki, denies printing N60bn for March allocation\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FG counters Obaseki, denies printing N60bn for March allocation » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=42363","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=42363#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/watchdogplusmedia.com\/?cat=21"},{"@type":"ListItem","position":3,"name":"FG counters Obaseki, denies printing N60bn for March allocation"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=21\" rel=\"category\">Economy<\/a>","rttpg_excerpt":"The Federal Government has denied it printed N60bn to augument March allocation to States as alleged by Edo Governor Godwin Obaseki. It described the allegation by Obaseki as untrue and sad. Minister of Finance, Budget and National Planning, Zainab Ahmed, told State House correspondents: \u201cThe issue that was raised by the Edo State Governor for…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/42363"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42363"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/42363\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}