“So, it is not true to say we printed money to distribute at FAAC. It is not true.”
On the issue of borrowing, the minister added, “Nigeria’s debt is still within sustainable limit.
“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 serve the needs of running the government on a 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.”