Nigeria is financially wrecked—Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has called on states to improve their internally generated revenues, disclosing that Nigeria is financially wrecked
Speaking in an interview with newsmen, she stated that the money shared at the March Federation Account Allocation Committee (FAAC) meeting was short of N50 billion.
She countered the claim by the Edo State Governor, Godwin Obaseki, that the Central Bank of Nigeria printed N60 billion in March to augment the money shared for the March Federation Account Allocation Committee
The finance minister stated that the country’s economy was stabilizing from the recession which the country exited a few months ago and also the effect of the Covid 19 pandemic.
