The federal government has described as untrue and sad, the comment by Godwin Obaseki, governor of Edo, that N60 billion was printed in March to support federal allocation to states.
Zainab Ahmed, minister of finance, budget and national planning, said this while answering questions from state house correspondents, on Wednesday.
“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.