allocation to the three tiers of government for the month of March, 2021, calling on the Federal Government to come out clean by telling Nigerians, not just if it indeed printed the money as alleged but also the real situation with the nation’s economy.
Not done, Obaseki, released the bomb that has continued to reverberate all over, when he said:“When we got FAAC for March, the Federal Government printed an additional N50-N60bn to top up for us to share. This April, we will go to Abuja and share. By the end of this year, our total borrowing is going to be within N15trn to N16trn.’’
However, standing by his claim, Obaseki called out the finance minister, accusing her of playing the Ostrich and the federal government of monetary rascality, in a series of tweets. “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.”
He said: “If you understand the concept of printing of money. The concept printing of money is about lending money. “In 2015/2016, we were in a similar [fiscal] situation, but it is far worse today. We provided budget support facility to all the states of the country and that loan remains unpaid till now. We are going to insist on the states paying the loan back since they are effectively accusing us of giving them loans.
The question most Nigerians are asking is why the finance minister, Zainab Ahmed denied the allegation. Most of them are worried as to Why she tried to cover up what will eventually become public knowledge with time. “The reality is that Nigeria is not just broke but the economy is already in shambles. Government is not generating enough revenue to keep up with what is needed, and they do not want to admit it. We are indeed in trouble with the insatiable appetite of this administration for loans, with those saddled with running the economy constantly telling us that the nation’s debt is still tolerable.
“Also, government officials must know that their offices and positions are held in trust for the Nigerian people and they must be accountable to them at all times. The people are their employers and only them deserve their loyalties.”
I said it that my governor cannot lie so insensitively. The country is imploading snd nothing is being done about it.
Na Dem dey destroy Nigeria,as u dey destroy Nigeria,na so ur life shall be destroy. Follow mi I follow back Follow ni I follow back couture_fh
Simply shows they printed without her knowledge.i have listened to this lady. I think she is smart. But she is getting this because she was positioned by nepotism. Means she is not respected.
zainab + emefiele = cbn, they re thier ruined their integrity for someone that has no integrity.
Evil woman. She represent failure. How ling did she think that she can hide the truth? Anyways we have fools everywhere. Continue.
Fulani terrorists criminals also looting the Nigeria treasury , zoological republic of cow 🐄 is gone . Criminals everywhere
Do printing of money concern fulani again ..many pple wit rubbish ideas
Enough people to sack !!!
Does she know anything? She's an ABU product. This is Nig. where religiiiys affiliate, ethnicity surpasses merit. Ọbaseki is a guru in investment banking. He knows what he's talking. I trusted him more than the quack Minister of Finance nor round tripping commercial Banker CBN
Which calls? Envelope don change hand hahaha