FG Denies Printing N60bn To Support FAAC


The federal government has denied the comment made by Godwin Obaseki, governor of Edo, that N60 billion was printed in March to support federal allocation to states.

Minister of finance, budget and national planning, Zainab Ahmed made the denial while answering questions from newsmen on Wednesday in State House, Abuja.

“The issue that was raised by the Edo State Governor for me is very, very sad. Because it is not a fact. What we distribute at FAAC is a revenue that is generated and in fact distribution revenue is a 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,” she said.

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