– Minister Lai Mohammed has said that
Nigeria recovered about N78 billion, and 3
million dollars from looters since the
inauguration of Muhammadu Buhari – However, the minister stated that it’s not
enough for what Nigeria needs to revive
economy Lai Mohammed, the minister of information, has
revealed the amount recovered by
Muhammadu Buhari’s government so far. Mr Mohammed stated that these funds can’t
rescue Nigeria’s economy as they are a far cry
from what the country needs to revive the
economy.
The minister said this on Friday when he
appeared on a News Agency of Nigeria (NAN)
Forum in Abuja. The minister, speaking during the News
Agency of Nigeria (NAN) Forum in Abuja,
added that the amount of money recovered is
always being made public. He said: “What we have recovered and if my
record is right is about N78 billion, and 3
million dollars. “We have been able to block various accounts
in which about 9 billion dollar is found but
those are not money available to us because
we are still in court over them. “The government spends N165 billion every
month to pay federal civil servants, even what
has been so far recovered will not even pay 50
per cent of the salaries in a month.’’ Minister Mohammed gave assurance that every
cent recovered will be sensibly spent and
nobody could re-loot what had been returned
under the incumbent government. He further clarified that Nigerians should
understand that what had been recovered was
so little in comparison with what the people
needed on a regular basis.
“N400 billion seems a lot, but you must also
understand that for three or four years
contractors were not paid,” he added. “So, when we paid this money to contractors,
they also use part of it to settle their own debt,
they use part of it to recall laid off staff. “But the truth of the matter is that many of them
have been paid, they are yet to mobilise to site
and they cannot do so until the rains are over.” Nigeria has recently announced its first recession since 1991, according to Central
Bank data. The country has been slammed by low oil
prices, attacks by Niger Delta militants and
foreign currency shortages. The National Bureau of Statistics fresh report
put estimated oil production at 1.69 million
barrels per day, down by 0.42 million barrels
per day from the first quarter.

So dat means d diversification dat d govt was preaching was Non-existent!!! They were depending on d money recovered 4rm looters!!!

It took Buhari a year to take Nigeria back to Economic recession!!! Wonder wat he will do with d remaining 3 years