Minister of Finance, Zainab Ahmed had again given a riposte to the allegation leveled against the federal government by Governor Obaseki of Edo State.
The allegation was that the federal government had printed 60billion naira for allocation support in the month of March.
While speaking yesterday, Finance Minister said Obaseki’s allegation was “not true.” She rather advised that states across the federation should prepare for what she termed as “increasing reduction in FAAC revenue.”
“It is a difficult time; I can explain to you how difficult it is, not just for the Federal Government, but also for the states. We see an increasing reduction in our FAAC revenue,” she said.
The minister therefore scolded Obaseki for saying that ‘the CBN has printed money for FAAC. “That was very unfortunate because it is not true,” she said.
CBN Governor, Godwin Emefiele and the Progressives Governors’ Forum (PGF) had also refuted the allegation.
However, PDP governors stood like scapula in defence of Obaseki, noting that a man with economic gravitas like the Edo helmsman could not have raised a false allegation.
Obaseki two weeks ago had raised the alarm over the nation’s economic situation, alleging that the federal government printed additional to N60 billion to augment allocations to states in the month of March, in addition to borrowing.
Responding to Mrs. Zainab’s stance on Thursday, Obaseki wrote on his Twitter handle, that the federal government should stop what he referred to as ‘monetary rascality’.
“Our advice is that we stop playing the Ostrich.
“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,” he wrote.