APC Governors chide Obaseki over N60bn Printing Claim
Governors under the platform of the All Progressives Congress (APC) yesterday ruled Governor Godwin Obaseki of Edo State off the track over his recent allegation that the federal government printed N60 billion to augment the March revenue allocation to states.
The governors, in a statement in the name of the Progressive Governors’ Forum (PGF), said Obaseki’s statement “does not reflect the true position of things.”
The PGF admitted that although there was a shortfall in gross statutory revenues by N43.34 billion compared to the previous month “an augmentation was made in the sum of N8.65 billion from the Forex Equalization Fund Account, which brought the total distributable revenue to N605.59 billion.”
Giving a background to the practice of revenue sharing in the country, the fo...