• Nigeria is broke, says Lai Mohammed

    Nigeria is broke, says Lai Mohammed

    The Minister of Information and Culture, Lai Mohammed has declared that “Nigeria is broke, pure and simple.”
    Addressing reporters at the end of the Federal Executive Council, FEC, meetig at the Presidential Villa in Abuja, the minister said the financial situation of the country made the Federal Government to make some painful adjustments.

    According to Mohammed, “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 […]