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FG Turned Down Govs' Request to Borrow N50bn from CBN, Says Ahmed

By Chuks Okocha, Ndubuisi Francis and Alex Enumah in Abuja
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday narrated how the federal government rejected a request by governors to borrow N50 billion from the Central Bank of Nigeria (CBN) to augment the revenue shortfall in March for distribution by the Federation Account Allocation Committee (FAAC).
The minister, who featured on a National Television Authority (NTA) programme, monitored in Abuja, said that was why the federal government found claims by Edo State Governor, Mr. Godwin Obaseki, that it printed N60 billion to augment funds shared to states in March as shocking. ....

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OBASEKI, PRINTING AND 'SHARING' OF MONEY

One of the duties of the central bank is to print money when necessary, argues Jackson Osagie
The Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, was all too charitable in responding to the medieval hypothesis of Mr. Godwin Obaseki, governor of Edo State who recently said that the federal government printed naira notes for sharing. Emefiele should never have dignified Obaseki with any response except he did so to explain to Nigerians the true situation of the nationâs monetary system.
Equally charitable was the Minister of Finance, Mrs. Zainab Ahmed, who also extrapolated the theory of printing money in global economic management and fiscal control. ....

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Nigerian Government Is Broke, Revenues Crashing —Finance Minister

Nigerian Government Is Broke, Revenues Crashing Finance Minister
She stated that the money shared at the March Federation Account Allocation Committee (FAAC) meeting was short of N50 billion.
by SaharaReporters, New York
Apr 20, 2021
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has admitted that Nigeria’s economy is facing a difficult time, saying states must improve their internally generated revenues.
Speaking in an interview on the Nigerian Television Authority s show, Good Morning Nigeria, she stated that the money shared at the March Federation Account Allocation Committee (FAAC) meeting was short of N50 billion.
Zainab Ahmed
The minister was speaking on the controversy over a claim by the Edo State Governor, Godwin Obaseki, that the Central Bank of Nigeria printed N60 billion in March to augment the money shared at March FAAC. ....

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FG admits revenues crashing, says Nigeria faces hard times

FG admits revenues crashing, says Nigeria faces hard times
theadvocatengr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadvocatengr.com Daily Mail and Mail on Sunday newspapers.

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Don't demand $2.1bn states' debts payment, Tambuwal begs CBN

Don't demand $2.1bn states' debts payment, Tambuwal begs CBN
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.

Abuja Federal Capital Territory , Edo State , Osita Nwanisobi , Godwin Obaseki , Aminu Tambuwal , Federation Account Allocation Committee , Central Bank , National Planning , Sokoto State , Federal Ministry , Federal Government , Edo State Governor , Account Allocation Committee , கூட்டாட்சியின் மூலதனம் பிரதேசம் , எடோ நிலை , கூட்டமைப்பு எண்ணுதல் ஒதுக்கீடு குழு , மைய வங்கி , தேசிய திட்டமிடல் , கூட்டாட்சியின் அமைச்சகம் , கூட்டாட்சியின் அரசு , எடோ நிலை கவர்னர் , எண்ணுதல் ஒதுக்கீடு குழு ,