Nigeria's broke - Lai Mohammed

Date: 2016-05-19

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."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Oniyangi Kunle Sulaiman     Isiaka Saka Opobiyi     Amina El-Imam     Amina Susa\'a De Ahmed     NAWOJ     Kwara State Fish Farmers Association     Mahmud Durosinlohun Atiku     Nurudeen Mohammed     George Funsho Adebayo     Ballah     Hausa     Kamoru Kadiri     Bilikisu Gambari     Galadima     Kuliyan Geri     Sun Qing Rong     Chikanda     Taofeek Ibraheem     Saliu Ajia     Ilorin Innovation Hub     Lai Mohammed     General Tunde Idiagbon International Airport Ilorin     Oniyangi     Vishvas KOZ Tractors     Monthly Sanitation Exercise     Rice Farmers Association Of Nigeria     Kishira     Mogaji Aare     AbdulGafar Tosho     Amos Sayo     Ahmed \'Lateef     Simeon Sayomi     Baboko     Kwara State Internal Revenue Service     Bond     IFK     AbdulRazaq Jiddah     V.O. Abioye     SSUCOEN     Usman Alkali Baba     Kwara Polytechnic     Kwara 2023     Erubu Oba Zubair     Oluranti Idowu     Unilorin     Oasis Muslim Care Foundation     Ibrahim Oloriegbe     Iponrin     Arinola Lawal     Okin Group     Summit University     Association Of Kwara State Online Media Practitioners     Ajidagba     Taofeeq Olateju     Clement Yomi Adeboye     Tsaragi-Share     Sidikat Akaje     Agbarere     SSA Youth     School Of Nursing     Royal FM     Post-utme     Sulyman Tejidini     Haleeman Salman     Oke-opin     Mohammed Alabi Lawal     Ebun-Olu Adegboruwa     Transition Implementation Committee     Sa\'adu Salau     Universal Basic Education Commission     Kwara State Football Association     Madawaki Of Ilorin     Otoge     Gani Saadu     Gbemisola Oguntimehin     John Kehinde Salako     Muazam Nayaya    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ilorin General Hospital     Student Learning Support Helpline     Adedeji Onimago     Isiaka AbdulRazaq     Olabode Towoju     Share-Tsaragi     Obuh     AGILE Programme     Vasolar Consortium     Yusuf Abubakar     Oro Grammar School Old Students Association     Prince Bola Ajibola     Iyeru Grammar School     Bello John Olanrewaju     Raliat Elelu-Habeeb     Micheal Imoudu     Jimba Babatunde     Yunus Oniboki     Opolo Global Innovation Limited     IsDB     Gaa Olobi     Buhari     IEDPU     Abdulkarim Adisa     Hameed Oladipupo Ali     Haleeman Salman     Adesina Simon Sodiya     Abubakar Suleiman     Funmilayo Isiaka Oniwa     Kwha.gov.ng     NURTW     Bahago     Hamza Usman     Segun Olawoyin     Kwara 2019     Muhammed Abdullahi     GGDSS Pakata     Saheed Alakoso     Ilesha Gwanara Road     Ganiyu Abolarin     Okala Baba     Dankaka     Mubarak Oladosu     Musbau A. Akanji     Abdulkadir Orire     EFCC     Bola Iyabo Ibiyeye Adisa     Mohammed Abdulahi     Lanre Jimoh     Sambo Murtala     Owode Market     Alikinla     Abdullahi Biffo     Mohammed Tunde-Jimoh     Abdulwasiu Bolaji Adeyi     Ben Duntoye     Opobiyi     Emir Of Yashikira     Aremu Odolaye     Olajumoke Monsura Gafar     Shururat Olatinwo     Ilofa     Abdulwahab Oba     Maryam A. Garuba     Waheed Ibrahim     Abatemi Usman     Dan Iya     Shola Odetundun     Abdullahi Adisa Akodudu     Forgo Battery Company Limited     Musa Alhassan Buge     Kabir Shagaya     Elerinjare-Ibobo     Mohammed Ghali Alaaya     Mufutau Gbadamosi Esuwoye     Principal Private Secretary     Summit University