Friday 20 May 2016

We increased fuel price because Nigeria’s broke — Lai Mohammed

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.


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