Nigeria's broke - Lai Mohammed
The Federal Government has said it increased the price of petrol to raise money to run the system, since the country was broke. Government said Nigeria's foreign earnings had drastically reduced in recent times and that the only way out of its present financial quagmire was to look inwards to generate more money.
Information Minister, Mr. Lai Mohammed, stated these while briefing newsmen at the end of the Federal Executive Council meeting, chaired by President Muhammadu Buhari, yesterday. Lai-Mohammed Also at the briefing were Attorney General of the Federation and Minister of Justice, Abubakar Malami; Minister of Power, Works and Housing, Mr. Babatunde Fashola, and Labour Minister, Dr. Chris Ngige. Mr. Lai Mohammed said: "The current problem is not really about subsidy removal. It is about the fact that Nigeria is broke. Pure and simple.
"It is like when somebody who has been earning N100,000 a month is faced with a situation where his employer says, henceforth you will be earning N10,000 a month. He would need to make some very painful decisions and some very painful adjustments.
That is the situation with Nigeria today." Also speaking, Dr. Ngige denied allegations that government was encouraging labour factionalisation by negotiating with both Ayuba Wabba and Joe Ajaero factions at separate meetings to forestall the strike. Ngige said the door is still open for talks with the Federal Government, noting that "we are ready to discuss with anybody, even civil society groups. As a government, we will not encourage factionalisation."
Similarly, Malami faulted the criticisms arising from the Federal Government's legal approach for injunction against the industrial action, saying it was necessary, especially as NLC did not give the government the constitutional 15 days notice. On the waiver granted Dangote Group for the construction of a section of Lokoja-Obajana-Kabba-Ilorin Road, specifically the section between Obajana-Kabba Road, Mr. Fashola said the road was important for the infrastructure development of the country. He said: "Companies are ordinarily supposed to pay income tax. There are existing policies in our laws which enable government to consider and give tax incentives.
"Council considered and approved the proposal for Dangote Construction Company to build that section of the road because the tonnage of cement being produced from the factory has increased and the traffic in that area has increased; there has been unfortunate accidents also."
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Nigerian Correctional Service EFCC Yahaya Seriki Ndama Al-hassan Adesina Simon Sodiya Kwara Muslim Pilgrims Welfare Board Aliyu U. Tilde Balogun Gambari Baba Issa Samuel Olusegun Adedayo Ibrahim Abduquadri Abikan Raimi Iyanda Kwara Teaching Service Commission Saduki Lafiagi Maryam Ado Bayero Shehu Alimi Foundation Otoge Ahmed Shuaib Buranga Sulyman Atolagbe Alege KW-GIS Bola Ahmed Tinubu Baba Adini Of Kwara State Abdulrauf Yusuf Communication Network Support Services Moshood Bakare Anilelerin Illyasu Abdullahi Obuh Christopher Tunji Ayeni Ahmed ASUU Kayode Laro Sa\'adu Gambari Nurudeen Mohammed Kwara State Internal Revenue Service Na\'Allah Oluwarotimi Boluwatife Adenike Kupchi Hosea Maxwell Tsaragi/Share Muslim Media Watch Group Of Nigeria Adamu Ibrahim Sabi Salihu Alhaji Musa HYPPADEC Binta Abubakar Mora Kayode Oyin-Zubair State Bureau Of Internal Revenue Lafia Aliyu Korasabi Ramadan Saheed Akinwumi TVC Female National Debate Park Ridhwanullah Al-Ilory Olohungbebe Isaac Gbenle Tsado Manman Roheemat Hammed Asiwaju Bola Tinubu Mujtabah Bature Simeon Sule Ajibola Facemasks Balogun Fulani Aremu Odolaye Dauda Adesola Ishak Mohammed Sabi Salami Adekunle Muslim Cementary Aminat Omodara Dogara Bola Olukoju Suleiman Ajadi Saeedat Aliyu Valsolar Alao Ayotunde Ayo Salami Abdulkadir Remi Hawawu Emir Of Shonga Joshua Adeyemi Adimula

