The Federal Government has raised the alarm that Nigeria is broke and her economy shrinking.
The Minister of Information and Culture, Lai Mohammed, said this on
Wednesday while fielding questions on the new fuel pricing regime
shortly after the Federal Executive Council (FEC) meeting chaired by
President Muhammadu Buhari.
The minister said the hike in the
price of petroleum from N86.50 to N145 "is not about subsidy removal. It
is about the fact that Nigeria is broke. Simple!...The economy...