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Nairaland Forum / Nairaland / General / Politics / We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED (959 Views)
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We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by 500samuel(m): 8:14pm On May 19, 2016 |
ABUJA—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. 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.” http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-mohammed/ |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by Leopantro: 8:19pm On May 19, 2016 |
Seriously trying to comprehend this explanation. i guess it's working 20 litres of fuel in Your car & 10 litres for Your Gen at 145 Naira for 30 days is N130,500. Nepa bill, food, pampas, school fees, house rent and other miscellaneous excluded. Minimum wage N18,000. The corruption that would soon invade this country is still doing press up in Afghanistan!!! |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by Nobody: 8:23pm On May 19, 2016 |
broke?? last time I checked y'all thieving APCrackheads claimed almost $20bn was recovered from corrupt politicians... Lie Mohammed, you're a beetch ass brainless modafvcka all that comes out of your shiiiiit-smoked mouth are lies. but then again, I can't really blame you, you're their puppet. |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by Femich18(m): 8:23pm On May 19, 2016 |
This lai Mohammed ehen...Anyway I reserve my comment |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by Walspring: 8:25pm On May 19, 2016 |
It is well oo..., Nigeria is broke but our ministers requested for 20 million naira as house rent for a year. Nigeria is broke but all our senators spent billions of naira to buy cars! http://www.thisdaylive.com/index.php/2016/05/19/house-goes-ahead-with-360-official-cars-purchase-plan/ Nigeria is broke but our politicians are not ready and willing to slash their salaries and bogus allowance by 70% so as to get money and donate for Nigeria! Nigeria is broke but only the poor and average masses the FG wanted to get money from their salaries or money to solve the problem. |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by psucc(m): 8:26pm On May 19, 2016 |
I am not seeing an end to fuel price increase in Nigeria or even the market driven pricing mechanism playing out. This govt with its discordant tunes is confusing all minds. While Kachikwu says oil subsidy had been removed, the VP says no, it is as a result of exchange rate. So if we settle for the VP's position, it means we will have another round of price hike sooner or later. |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by ENDTIMELIFE: 8:30pm On May 19, 2016 |
DULLARD BUHARI AND HIS FOOLISHH APC OLD MEN ARE THIEF, CRIMINALS & CORRUPT YOU WANT TO MAKE MONEY FROM THE POOR SUFFERINGS NIGERIANS TO SATISFY YOUR USELESSS SELF, THUNDERR GO FIRE ALL OF UNA THIEFS 1 Like
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Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by temitemi1(m): 9:01pm On May 19, 2016 |
Hypocrite!!! 1 Like
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Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by ckmayoca: 9:12pm On May 19, 2016 |
I'm in Nigeria but I will keep saying God bless American like the lords prayer cos they care about their citizen worldwide but Nigeria don't care about her citizens within. Hypocrites everywhere. Suffering and smiling everywhere just for the sake of a party. |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by Isaacmacdon(m): 9:29pm On May 19, 2016 |
EroticAngelina:hmmm.. Take a chill my dear! Its nt worth it! Disguisd tyranny iz the name! Let's look forward 2 d future.. U determine it nt those slugs! Channel dis agression to d ryt place.. Howdy? Bn a while? Hows yo end? |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by Isaacmacdon(m): 9:36pm On May 19, 2016 |
Hmmm, cant say much.. Absolute power corrupts absolutely,blame d populace for giving these mofos huge backing but all the same it was meant to be.. You'd only cherish what u have when u lose it,this lai mohammed is an educated illiterate,reason is glaring. Causing unnecessary tension with such primitive way of talking! Old age may be catching up with him |
Re: We Increased Fuel Price Because Nigeria’s Broke — LAI MOHAMMED by seunny4lif(m): 9:38pm On May 19, 2016 |
Jesus |
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