FG s loan: States need 3times current IGR to offset debt burdens ― Report tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Solomon John
The jury is still out there, trying to return a verdict on whether Edo State Governor, Mr. Godwin Obasekiâs claim (or was it a disclosure?), that the federal government printed between N50 billion and N60 billion to augment the March allocation shared among the three tiers of government by the Federation Account Allocation Committee (FAAC), was correct. And if it was correct, whether the manner of declassifying the information was borne out of sheer patriotism or, perhaps, out of mischievous resort to playing the devilâs advocate in order to settle some scores (whether old or new).
FG, states, LGs shared N681 33bn in March –FAAC punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
Report of printing N60bn to augment March allocation not true, says National Economic Council Report of printing N60bn to augment March allocation not true, says National Economic Council
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The National Economic Council (NEC) has dismissed claims that N60 billion was printed to augment the Federation Account Allocation Committee (FAAC) for March.
Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, briefed State House correspondents after virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday at the Presidential Villa.
The Edo State governor, Mr Godwin Obaseki, had recently alleged that the Central Bank of Nigeria (CBN) printed N60 billion in March to support federal allocation to states.
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Allegation of printing N60bn to augment March FAAC false – NEC
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The National Economic Council (NEC) has dismissed claims that N60 billion was printed to augment the Federation Account Allocation Committee (FAAC) for March.
Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, briefed State House correspondents after virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday at the Presidential Villa.
A state governor had recently alleged that the Central Bank of Nigeria (CBN) printed N60 billion in March to support federal allocation to states.