The Federal Government has raised the alarm that Nigeria is broke and her economy shrinking.

The Minister of Information and Culture, Lai Mohammed, said this on Wednesday while fielding questions on the new fuel pricing regime shortly after the Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari.

The minister said the hike in the price of petroleum from N86.50 to N145 "is not about subsidy removal. It is about the fact that Nigeria is broke. Simple!...The economy is shrinking."

He also restated the government's complaint that there was no foreign exchange to import fuel.

Details later...

http://www.dailytrust.com.ng/news/general/nigeria-is-broke-fg/147263.html#gm30idtVSHBtHqST.99

Minister for Egungun Affairs at it again

Make I laugh wella!

A new word has been included into the Oxford dictionary Buhari which simply means Failure. For example, I will never try to be a Buhari or I will never be a failure

But you want #14 milla to tour China


Thunder fire your mama


Ole oshi buruku yii

This man don come with his lies again......another name for Lia Mohammed is lies personified

I don't know why I find it hard to believe whatever that comes out of this man mouth. Can someone please tell me why? We are broke but our senators receive the highest amount in the whole world? . We are broke but our senators bought jeep worth 36million Naira each? We are broke but you lie wants to junket to China? We are broke but the president keeps traveling? I cry deep inside my heart when I see lies coming out of this administration. No light, no job, no Money, increase in fuel price, price of everything has skyrocketed, still you lie is not afraid to keep lying to Nigerians. I am not a politician, just wanna voice out my feelings.

I think he said dis soberly. Let me take it wit a pinch of potash.

All the supposed recovered money nko? Don't tell me that they're magicians in Buhari's govt too

No wonder you need 13 million to go and flex in China..guy man

Seriously broke ko Fantastically broke ni! Me and Lie Mohammed, i no no who lie pass self.

The only truth from dese man's mouth so far. To tell u dart Apc don't have plans, dey never foresaw dat Crude Oil would soon fall, d major reason dey were giving empty promises. Now dey can't fulfill just one promise. But d good News z dat dey have started seeing dart dey can't lie forever

finally him Don talk turu for once

Only God knows when he will stop lying

Appointing an incoherent man to head the information ministry is a huge mistake.

He just can't stop lying!

lie lie, see im mouth. he says the opposite of what is obtainable meaning that nigeria is so rich

Why is he telling us? we warned Bubu to emphases on economy of the nation but he said he want to use all his strength to fight corruption. Now you come tell to us that Nigeria is broke?

By the way bubu how many looters Have you jailed so far ? How much have you recovered? You said Abacha did not steal any money, but America said they will send Abacha's looted funds back to us, What would you tell us thereafter? NDA I blowing up oil installations, Falani's are killing innocent citizens. You are selling dollars to your Realests at $1=199, and your Surests at $1=295 and we the massis at $1=345.

I think is high time we force bubu to tell us how he intent to fix the mess he created. Click like if you agree with me

This is not the change many Nigerians voted for

Lai again

No wonder you wanted N13m to travel to China..
The country is broke but price of things in the market is skyrocketing..

How will the common man survive.?

Well thanks to Nairaland I was able to buy food for me and my family from a nairalander.

Just as price of gala didn't increase his own too didn't increase... And I hope it remains that way..

Liar

But they can buy cars?

What the masses suffer in Nigeria is more than the slaves did during the slave era.

That my fore-father that hid in the bush when they were picking slaves, may he not rest in peace as I am not resting in this country.

I could have been balling with kanye by now, or I could have even been kanye.

All he had to do was take some harsh strokes...

Coward!

www.vocalwalls.com fix what you should.

And yet you needed has high as 10million naira just for a trip to china?
See ur life

kai,this man must be stupid... ..

Under Jonathan/NOI Nigerian economy was growing at 2% yearly, under Bubu it is shrinking.
Buhari have finally achieved something in life, he will be remembered as the leader who made Nigeria broke, what an achievement.

NOI told us to brace for tougher times ahead 2 years ago when crude oil was selling at $75 per barrel. Now it is selling for half that price

http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html

All of you castigating PMB should tell us what the PMB government has done wrong with the meagre FX reserve they met. Did they embezzle it? NO. Should they deplete it completely to import fuel at N86? What will happen after the foreign reserves are at $0? It will be complete chaos. And your lot will still blame PMB

ok

Breaking News

LMAO,......oya continue mr liar

Any information coming out of this man mouth is a lie. Big time LIE