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.
Gbemisola Oguntimehin 11th Galadima Ile Arugbo Rashidi Yekini Government High School Adeta Islamiya Abdulraheem Aro Yahaya Jimoh Bashir Nigeria Foundation For Artificial Intelligence Osi Akorede Agor Market Maja Al-Ilory Obayomi Azeez Baba Idris Elections Sidikat Alaya Ohoro Of Shao T And K FOODS Jimoh Saadudeen Muhammed Olaiya Lawal Mazars Consulting Ekweremadu Durosinlohun Kawu Agbarigidoma Abdulkadir Akanbi-Oke Simeon Sayomi Mahmud Babatunde Baker Saad Belgore Ibrahim Abiodun Wasiu Odewale Bio Ibrahim Agboola Babatunde Durosinlohun Atiku Ilorin Amusement Park Kola Bukoye Micheal Imoudu Oluronke Adeyemi NIPOGA Academic Staff Union Of Universities Kpotum Mohammed Baba Hausa Al-Hikmah Radio Aliyu Alhassan Oke Sunna Dankaka Playing Host Code Of Conduct Bureau Suleiman Yahya Alapansapa Mahe Abdulkadir Yashikira Ladi Hassan James Kolo Sanusi Abubakar Mopelola Abdulmaliq-Bashir Pacify Labs Babaloja-General Mohammed Ajia Ibrahim NITDA Shehu Jimoh Communication Network Support Services Esinrogunjo Issa Memunat Moyosore Senior Staff Union Of Colleges Of Education Wakilin Mata Lafiagi Bola Magaji Falokun-Oja Dairo Kunle Paul Abdulrazaq Magaji Offa Poly PharmAccess Foundation Ayodele Kuburat Olaosebikan Bankole Omisore Kolo Olofa Of Offa Lateef Fagbemi

