Speaker, Kwara State House of Assembly, Mr. Razak Atunwa on Wednesday said  the Federal Government should stop leakages in its revenue and expenditure in order not to be cash-strapped.

The Director-General of Budget Office of the Federation, Dr. Bright Okogu; and  the Accountant- General of the Federation, Mr. Jonah Otunla, had on Tuesday told a National Assembly committee   that the government  was not broke but cash-strapped.

But Atunwa at a media briefing in Ilorin, the Kwara State capital, said it would be hard to justify the reason for the country to be cash-strapped.

He identified leakages in the economy as responsible for Nigeria's current financial state and urged the Federal Government to plug those leakages so that the country's economy would improve.

He said, "It will baffle any Nigerian to say the country is cash-strapped. Oil is being produced on a daily basis and exported on a daily basis. We have enormous internally generated revenue coming into the country.

"It will be very difficult for anyone to justify why we are cash-strapped. It is because there are leakages. The Federal Government needs to look into avenues where there are leakages in the economy and plug those areas. To suggest that we are cash-strapped is not sensible."