The Peoples Democratic Party National Youth Frontiers PDPNYF on Friday urged the Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed to immediately apologize to the governor of Edo State, Dr Godswill Obaseki over her outright denial of the Central Bank of Nigeria (CBN) printing of N60 billion Naira for FAAC allocation.
PDPNYF in a statement issued by its National Cordinator, Comrade Usman Okai Austin regretted that, it’s unfortunate that the minister is just a mere figure head, not knowing the happenings around the country economy. The youth group also thanked The Governor of the Central Bank of Nigeria, Godwin Emefiele, for confirming that, the Federal Government actually printed sixty billion Naira to increase the March 2021 allocation to states. In his words, the CBN governor was quoted as saying that, “If you understand the concept of printing of money, it’s about lending money. That is our job. To print is about lending money. So, there is no need of putting up controversy about printing money as if we go into the factory, print the naira and start distributing on the streets.”
The denial by the Hon Minister of Finance is a further confirmation that the General Muhammadu Buhari led administraton is one of discordant tunes even among his lieutenants; and that the president does not have a handle on his administration. The nation economy chief supervisor either pretended ignorance or is ignorant of the nitty gritty of the Nigerian economy- what ordinarily should be her area of special competence. Now more than ever, it has become imperative for the the president to rejig his cabinet members for the interest of the nation and for greater efficiency- in short, it is time to put square peg in a square hole, the PDP youth leader stated.
