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FG denies printing N60bn to support March allocation

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The federal government on Wednesday, denied the claim by the governor of Edo state Godwin Obaseki, that N60 billion was printed in March to support allocation to states.
The Minister for finance, budget and national planing Zainab Ahmed, stated this while filing questions from state house correspondents, on Wednesday.
Gov Obaseki was quoted as saying at the Edo transition committee stakeholders function last week that Nigeria is in huge financial trouble.
Obasaki had said“When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share,”


“This April, we will go to Abuja and share. By the end of this year, our total borrowings is going to be within N15-N16 trillion. Imagine a family that is just borrowing without any means to pay back and nobody is looking at that, everybody is looking at 2023, everybody is blaming Mr.

President as if he is a magician.”
Reacting to the development Ahmed said Nigeria’s debt is still within sustainable limit and efforts are on to improve revenue generation capacity.


“The issue that was raised by the Edo State Governor for me is very, very sad. Because it is not a fact. What we distribute at FAAC is a revenue that is generated and in fact distribution revenue is a public information. We publish revenue generated by FIRS, the customs and the NNPC and we distribute at FAAC. So, it is not true to say we printed money to distribute at FAAC, it is not true,” she said.


“What we need to do as I have said several times is to improve our revenue to enhance our capacity to service not only our debt but to service the needs of running government on day to day basis. So our debt currently at about 23% to GDP is at a very sustainable level. If you look at all the reports that you see from multilateral institutions.” She added.

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BREAKING: Tinubu’s Minister, Uche Nnaji, Resigns Amid Certificate Forgery Scandal

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By: Fabian Apechihin

The Minister of Innovation, Science and Technology, Uche Nnaji, has resigned from President Bola Ahmed Tinubu’s cabinet amid a growing controversy surrounding his academic credentials.

Presidential spokesman Bayo Onanuga confirmed Nnaji’s resignation in a statement issued late Tuesday.

Nnaji’s exit follows mounting allegations that his academic certificates were forged. Investigations revealed that the University of Nigeria, Nsukka (UNN), disowned the Bachelor of Science degree he claimed to possess, stating that he never completed his studies at the institution and was therefore not issued any certificate.

According to UNN Vice-Chancellor Prof. Simon U. Ortuanya, Nnaji was admitted in 1981 but failed to meet the requirements for graduation.

In a related development, the National Youth Service Corps (NYSC) reportedly disowned the certificate of national service presented by Nnaji, describing it as fake.

His resignation marks the latest in a series of controversies to hit the Tinubu administration over questions of integrity and accountability among public officials.

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INEC Chairman, Yakubu Hands Over

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INEC chairman, prof. Mahmood Yakubu has concluded his second tenure as INEC chairman today.

After ten years in office, prof. Mahmood yakubu handed over to inec national commissioner, May Agbamuche Mbu, as acting INEC chairman, pending the appointment of a new INEC chairman by the president.

The handing over was made during a meeting with resident electoral commissioners

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Israel Launches Heavy Airstrikes in Gaza as Ceasefire Talks Collapse

Tensions in the Middle East have surged once again as Israel carried out a series of heavy airstrikes on Gaza late Sunday night, following the collapse of ongoing ceasefire negotiations.

According to international reports, the strikes targeted areas suspected of housing Hamas infrastructure, including tunnels, weapons storage sites, and command centers. Witnesses described powerful explosions that lit up the night sky, with plumes of smoke and debris rising across Gaza City. Emergency responders have been racing to rescue civilians trapped under the rubble, while hospitals struggle to cope with a growing number of casualties.

The Palestinian health ministry reported several deaths and dozens of injuries, though the exact figures remain unclear amid the chaos.

The renewed violence follows weeks of indirect talks between Israel and Hamas aimed at achieving a durable ceasefire and improving humanitarian conditions in Gaza. Sources close to the negotiations said discussions collapsed over disputes concerning prisoner swaps, border access, and security assurances.

Israeli officials said the airstrikes were a “necessary response” to continued rocket attacks from Gaza, while Hamas vowed swift retaliation.

The United Nations, the European Union, and several world leaders have called for restraint and a resumption of dialogue to prevent the situation from spiraling into a wider conflict. Meanwhile, civilians on both sides continue to bear the brunt of the violence—facing blackouts, food shortages, and growing fear as hopes for peace once again fade.

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