No Money Printed For March Allocation — NEC
The National Economic Council (NEC) Thursday said that there was no printing of N60 billion or any other amount whatsoever to shore up allocation for the month of March as wrongly insinuated recently.
The governors, at the NEC meeting presided over by Vice President Yemi Osinbajo, also backed the position having “critically reviewed” the matter after receiving presentations from the Minister of Finance, Hajiya Zainab Ahmed, Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the Nigerian Governors’ Forum (NGF).
The spokesman to the Vice President, Laolu Akande, said the council voiced satisfaction with clarifications made by the NGF represented by its Chairman, Governor Kayode Fayemi of Ekiti State, the finance minister, and the CBN governor, Emefiele on the alleged printing of N60 billion by the Federal Government.
Akande said both the minister and the CBN governor told the council that the allegation of the printing of money to augment allocation was outrightly false.
He said the NGF also supported the conclusion and NEC affirmed same as the highest constitutional body tasked with economic affairs in the country,
The NEC, while addressing the resolution of security concerns in parts of the country, affirmed the unity of Nigeria and said it would adopt the report of the national town hall meeting on National Unity and Security held recently in Kaduna.
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