Fuel Price Was Increased because Nigeria is broke- Minister Of Information, Lai Mohammed says

Nigeria's Information Minister, Lai Mohammed had stated this while briefing the media yesterday the 18th Of May, 2016, after the Federal Executive Council meeting.


 The Minister told newsmen “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. 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.”

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The meeting which was chaired by the President, Mohammadu Buhari had also in attendance the Minister of Labour and Productivity, Dr. Chris Ngige; Minister of Works, Power and Housing,  Babatunde Fashola, and a host of other cabinet members.

“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.”

Read more at: http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-mohammed/

“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.”

Read more at: http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-mohammed/

“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.”

Read more at: http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-moham

“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.”

Read more at: http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-mob

“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.”

Read more at: http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-mohammed/

“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.”

Read more at: http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-mohamme

“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.”

Read more at: http://www.vanguardngr.com/2016/05/increased-fuel-price-nigerias-broke-lai-mohammed/