Governor Godwin Obaseki of Edo State has said Nigeria is in a huge financial trouble.
Speaking at a programme in the state on Thursday, the governor said the federal allocation for March was insufficient, forcing the Federal Government to print between N50 billion and N60 billion for states to share.
“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,” he said.