Economy

Economic downturn: Obaseki tasks FG on fiscal responsibility

Governor of Edo State, Godwin Obaseki, has advised the Minister of Finance, Budget and National Planning, Zainab Ahmed to rally Nigerians to help stem the obvious fiscal slide facing the country.

This was contained in a press statement the Governor personally signed.

He noted that while he will not engage the Minister or the Finance Ministry in any war of words, the responsibility to offer useful advice for the benefit of the country rests on all critical stakeholders.

Obaseki further urged the government at the centre to take urgent steps to end the current monetary rascality so as to prevent the prevailing economic challenge from further degenerating.

Governor Obaseki’s disclosure that the Federal government had printed N60 billion to assisting it to offset the monthly allocation to states was denied by the Finance Minister, Zainab Ahmed.

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.

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