Edo Governor Godwin Obaseki has insisted that the Federal Republic of Nigeria is financially in a mess, admonishing the Minister of Finance, Budget, and National Planning, Zainab Ahmed, for “playing the Ostrich” by denying that the Federal Government printed N60 billion in March to support allocation to states.
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”, advising the minister to approach the Nigerian project with all sense of responsibility and commitment and not play to the gallery
The Edo governor had last week alerted Nigerians in a video that went viral about the bad shape of Nigeria’s financial position which he said forced the CBN o print about N60billion to augment allocation shared by states in March.
But on Wednesday, the minister told state house correspondents that Obaseki’s claim was not factual, saying “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,” she said.
However, Mr. Obaseki inisted in his tweet that the said amount was printed, chiding the Federal Government of “monetary rascality’.
He 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.”