Governor Godwin Obaseki of Edo State has been taken to the cleaners by Minister of Finance, Zainab Ahmed for saying that the Federal Government printed about N60 billion and shared to states.

Zainab Ahmed said; “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 revenue that is generated and in fact distribution revenue is 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. On the issue of the borrowing, the Nigerian debt is still within sustainable limit.”

“What we need to do as I have said several times is to improve our revenue to enhance our capacity to service not only our debt but to service the needs of running the government on day to day basis.”

“So our debt currently at about 23% to GDP is at a very sustainable level. If you look at all the reports that you see from multilateral institutions.”