Godwin Obaseki of Edo that Central Bank of Nigeria (CBN) printed N60 billion in March to support federal allocation to states. The governor was also reported to have said that the economy was in dire condition due to huge debt burden. “What we distribute at FAAC is revenue that is generated and the FAAC revenue distribution is public information and we publish it. “ So, it is the revenue generated by the FIRS, the Nigeria Customs Service (NCS) and the NNPC that we distribute at FAAC. She said there were several contractors, including Wada Motors, Elizade Motors, Westwood Motors and Globe Motors, providing different category of vehicles that are meant for field operations of the NCS.

Source: The Guardian April 14, 2021 16:41 UTC