According to Vanguard,information Minister, Mr. Lai Mohammadu made the disclosure while briefing the State House Correspondents alongside his colleagues, at the end of the Federal Executive Council meeting, chaired by President Muhammadu Buhari.
“The current problem is not really about subsidy removal. It is about that Nigeria is broke. Pure and simple! “It is like somebody who has been earning N100,000 a month and he 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. “A few months ago, we were earning as much as $100 for every barrel of crude. In the months of February and March, we were short of…so, we no longer have the resources, the foreign exchange to bring in refined fuel products. And our economy is shrinking.
“We appreciate the fact that the decision is going to affect everybody. We appreciate what we are going through, but Nigerians should also know that the government has the responsibility at times to take very difficult decisions. So, it is not always about popularity.”
Nigeria broke??? Wat of all d money being collected from d looters? Dis govt shld just do somtin cos d masses r suffering
ReplyDeleteAbi oo my golden person. No full disclosure on what they recovered that runs into billions
DeleteThe Abacha loot alone can create another Country with change remaining.
DeleteWe keep hearing about our brokenness but our so called leaders won't tamper with their salaries and allowances to even make sacrifices in their part. The masses bear the brunt of it all.. selfish lot!
ReplyDeleteit's obvious that Lie Mohammed has run out of lies. i thought it was Jonathan that was not getting it right which Buhari and APC promised Nigerians change that have turn out to be fake today. these are same people who criticized and sabotaged every good efforts of Jonathan for the betterment of this country all for their personal interest.
ReplyDeleteNigerians were deceived into believing APC and their nonsense clamoring change but the breeze has finally blow and we have seen enough of Buhari
If Nigeria is broke then the people in the country are what?? Yeye people.
ReplyDeleteJokers! Which kain broke???
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ReplyDeleteNigeria is broke yet you senators keep getting stipends in millions of dollars. Why don't you all be patriotic and reduce y'all salaries by 50% huh, how about that! Effin nuisance.
ReplyDelete