Alhaji Lai Mohammed, Minister of Information and Culture, in this interview with TEMIDAYO AKINSUYI,
speaks on some of the gains recorded by the Muhammadu Buhari administration in critical areas such as war against corruption, reducing cost of governance, border closure and other critical issues. Excerpts:

Recently, there have been concerns in certain circles about the country’s growing debt, both domestic and external. How will you react to this?

I believe it is important to cor­rect some misrepresentations so that Nigerians can be better informed. One, the public debt stock is actually a cumulative fig­ure of borrowings by successive governments over many years. It is therefore not appropriate to attribute the public debt stock to one administration. Two, Ni­geria’s total public debt stock in 2015 was $63.80 billion, compris­ing $10.31 billion of external debt and $53.49 billion domestic debt. By June 2019, the total debt stock was $83.883 billion, made up of $27.163 billion of external debt and $56.720 billion domestic debt.It is therefore not correct to say that Nigeria’s external debt alone is $81.274 billion.

Three, there is yet no cause for alarm. This is because Nigeria has a debt ceiling of 25% in the total public debt stock to Gross Domestic Product (Debt/GDP), which it has operated within. The ratio for Dec. 31 2018 and June 30 2019 were 19.09% and 18.99% re­spectively.


Four, the debt service to rev­enue ratio has however been higher than desirable, hence the push by the government to diver­sify the economy and increase oil and non-oil revenues significant­ly. The government is also widen­ing the tax base to capture more tax-paying citizens.

Five, in the face of massive in­frastructural decay, no responsi­ble government will sit by and do nothing. This administration’s borrowing, therefore, is aimed at revamping our infrastruc­ture, including roads, bridges, railways, waterways and power, to help unleash the potential of the nation’s economy. The loans for the educational sector will contribute to the development of our human capital while the loans for the agricultural sector will help the move to diversify the economy.

In the monetary sector, capi­tal importation comprises mainly foreign direct investment, portfo­lio investment and other invest­ment flowing into the country. As at the third quarter of 2019, total capital importation had reached nearly 20 billion US dollars, which was 34% higher than the 15 billion US dollars recorded for the first three quarters of 2018.

Can you give us a breakdown of some high profile convictions that happened under this government?

Between January and Octo­ber 2019 alone, that’s a period of 10 months, the Economic and Financial Crimes Commission (EFCC) secured 890 convictions. This is the highest anywhere in the world. Recall that in 2015, 2016, 2017 and 2018, the EFCC was only able to secure 103, 189, 190 and 202 convictions respec­tively. The high rate of convic­tions in 2019 is in addition to the billions of naira in looted funds that have been recovered by the EFCC. For its part, the ICPC has launched a novel project of tracking the huge resources al­located to constituency projects over the years.

The Commission has started with the education and health sectors and, already, many contractors who abandoned their projects are returning to site. The Commission has also launched the WAHALA DEY app, which is a one-stop shop for daily information from the ICPC, and for Nigerians to report acts of corruption.

This is not the first time Nige­ria is fighting the canker-worm of corruption, but it is the first time that the fight is being backed by a strong political will, with a President renowned for his honour, dignity and incor­ruptibility personally leading the fight. And that is making all the difference. I have also said that while the war against cor­ruption is still a war in progress, it is also fair to say that corrup­tion has now been driven under the table, and that the corrupt ones can no longer flaunt the proceeds of their corruption the way they used to do in the past. That is a major step forward. Af­ter all, every successful battle is a step towards winning a war.

https://www.independent.ng/buhari-has-driven-corruption-under-the-table-lai-mohammed/

If Buhari has truly driven corruption under the Table then you and you oga Tinubu should be in prison but you are not

And corruption is currently carrying the table on it's head.

This is one of the most dangerous men in this buhari government. The ease with which he tells lies is shocking.

Ha ha...very funny

donbachi:
And corruption is currently carrying the table on it's head.

Bigger corruption is happening under that table

TUANKU:
This is one of the most dangerous men in this buhari government. The ease with which he tells lies is shocking.

He has DOCTORATE DEGREE in lying !

Yes o
The very under the table where only Fulanis and friends are permitted to come under and Chop.

Are u sure you people's arm is not placed around the shoulders of corruption in a warm embrace?

When something is swept under the table or carpet, it means it is something bad deliberately being ignored. So yes, Lai is right for once. Buhari and his APC govt is studiously ignoring corruption as far as his people are involved and he is a great perpetrator via his nepotistic utterances and appointments.

That is really bad of him to have driven it under the table where no one will see the people participating in it...They will eat and eat till everything crumbles.

Lol he's arresting his political rivals in the name of corruption

Kontinue presido

Fool.

He drove it under the table where his goons and cabals are hiding to feast on it

GamalNasser:
If Buhari has truly driven corruption under the Table then you and you oga Tinubu should be in prison but you are not

He never said Buhari eradicated corruption..

Key words here are... Under the table.

Initially corruption was swept under the carpet.. But it's needs a higher ground..

I think under the table will do.

Sai barber

Lol

Lie Mohammed, lie away

ZombieTERROR:


He never said Buhari eradicated corruption..

Key words here are... Under the table.

Initially corruption was swept under the carpet.. But it's needs a higher ground..

I think under the table will do.

Sai barber

Exactly! Giving him and his cohorts more room to carry out corrupt operations!

The fear of magu is now the beginning of wisdom for both past and present public office holders.Thanks to PMB,he takes no nonsense,Condones no illegality

Should I believe it ?

Lai you too they lie

Driving corruption to under the table is simply good as not fighting it because hidden corruption is more dangerous that open corruption.

This how not to tell a lie because for someone like Lai Mohammed, in end up making a fool of himself in the course of telling a lie to cover another lie.

Hmmmm....now that even road safety keeps agbero in front to collect bribes from motorist before they approach their check points?

Of course,


Drove from on top of the table to under the table where Nigerians no longer see it happen but it's happening more rapidly.


Now, more money is moving but in absolute secrecy.

What I don't understand is what these people take before coming to the public to spill nonsense !

hisexcellency34:
Alhaji Lai Mohammed, Minister of Information and Culture, in this interview with TEMIDAYO AKINSUYI,
speaks on some of the gains recorded by the Muhammadu Buhari administration in critical areas such as war against corruption, reducing cost of governance, border closure and other critical issues. Excerpts:

Recently, there have been concerns in certain circles about the country’s growing debt, both domestic and external. How will you react to this?

I believe it is important to cor­rect some misrepresentations so that Nigerians can be better informed. One, the public debt stock is actually a cumulative fig­ure of borrowings by successive governments over many years. It is therefore not appropriate to attribute the public debt stock to one administration. Two, Ni­geria’s total public debt stock in 2015 was $63.80 billion, compris­ing $10.31 billion of external debt and $53.49 billion domestic debt. By June 2019, the total debt stock was $83.883 billion, made up of $27.163 billion of external debt and $56.720 billion domestic debt.It is therefore not correct to say that Nigeria’s external debt alone is $81.274 billion.

Three, there is yet no cause for alarm. This is because Nigeria has a debt ceiling of 25% in the total public debt stock to Gross Domestic Product (Debt/GDP), which it has operated within. The ratio for Dec. 31 2018 and June 30 2019 were 19.09% and 18.99% re­spectively.


Four, the debt service to rev­enue ratio has however been higher than desirable, hence the push by the government to diver­sify the economy and increase oil and non-oil revenues significant­ly. The government is also widen­ing the tax base to capture more tax-paying citizens.

Five, in the face of massive in­frastructural decay, no responsi­ble government will sit by and do nothing. This administration’s borrowing, therefore, is aimed at revamping our infrastruc­ture, including roads, bridges, railways, waterways and power, to help unleash the potential of the nation’s economy. The loans for the educational sector will contribute to the development of our human capital while the loans for the agricultural sector will help the move to diversify the economy.

In the monetary sector, capi­tal importation comprises mainly foreign direct investment, portfo­lio investment and other invest­ment flowing into the country. As at the third quarter of 2019, total capital importation had reached nearly 20 billion US dollars, which was 34% higher than the 15 billion US dollars recorded for the first three quarters of 2018.

Can you give us a breakdown of some high profile convictions that happened under this government?

Between January and Octo­ber 2019 alone, that’s a period of 10 months, the Economic and Financial Crimes Commission (EFCC) secured 890 convictions. This is the highest anywhere in the world. Recall that in 2015, 2016, 2017 and 2018, the EFCC was only able to secure 103, 189, 190 and 202 convictions respec­tively. The high rate of convic­tions in 2019 is in addition to the billions of naira in looted funds that have been recovered by the EFCC. For its part, the ICPC has launched a novel project of tracking the huge resources al­located to constituency projects over the years.

The Commission has started with the education and health sectors and, already, many contractors who abandoned their projects are returning to site. The Commission has also launched the WAHALA DEY app, which is a one-stop shop for daily information from the ICPC, and for Nigerians to report acts of corruption.

This is not the first time Nige­ria is fighting the canker-worm of corruption, but it is the first time that the fight is being backed by a strong political will, with a President renowned for his honour, dignity and incor­ruptibility personally leading the fight. And that is making all the difference. I have also said that while the war against cor­ruption is still a war in progress, it is also fair to say that corrup­tion has now been driven under the table, and that the corrupt ones can no longer flaunt the proceeds of their corruption the way they used to do in the past. That is a major step forward. Af­ter all, every successful battle is a step towards winning a war.

https://www.independent.ng/buhari-has-driven-corruption-under-the-table-lai-mohammed/

So says the purveyor of hate and all lies

So this man crossed over with his lies into 2020