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    No money was printed to shore up March allocation – NEC

    Chronicle EditorBy Chronicle EditorApril 22, 2021No Comments2 Mins Read
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    Vice President Yemi Osinbajo chairs the Economic Sustainability Plan of which the Social Housing Scheme is a component Gas Initiative NEC
    Vice President Yemi Osinbajo chairs the National Economic Council
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    • Governors strongly affirm Nigeria’s unity, welcome report of national townhall meeting on National Security

    Having received presentations from the Minister of Finance, the Central Bank Governor, and the Nigerian Governors’ Forum (NGF), the National Economic Council (NEC) has affirmed 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 in the press.

    The Governors, having critically reviewed the matter took the position today at the meeting of NEC chaired by Vice President Yemi Osinbajo, SAN.

    Today’s meeting attended by many of the State Governors, FCT Minister and the Central Bank Governor also had in attendance the Finance, Transport, Information, Aviation and Water Resources Ministers. The Minister of State for Budget and National Planning also attended.

    The Council expressed satisfaction with clarifications made by the NGF represented by its Chairman, Governor Kayode Fayemi of Ekiti State, Finance Minister, Hajiya Zainab Ahmed and the Central Bank Governor, Mr Godwin Emefiele on the alleged printing of N60 billion by the Federal Government.

    • Governors beg CBN over $2.1b refund

    Both the Minister and the CBN Governor stated to the Council that the allegation of the printing of money to augment allocation was outrightly false. The NGF also supported the conclusion and NEC affirmed same as the highest constitutional body tasked with economic affairs in the country, according to the spokesman of the Vice President, Mr. Laolu Akande.

    On the resolution of security concerns in parts of the country, the Council unanimously affirmed the unity of Nigeria and said it would adopt the report of the national townhall meeting on National Unity and Security held recently in Kaduna.

    The Council, while welcoming the outcome of the townhall meeting, urged all States to hold wider consultations across the country and report back to NEC the outcome of the meetings. After this, a national consensus would be reached on the recommendations which included the adoption of State Police among other matters.

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    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

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