BEVERLY HILLS, August 24, (THEWILL) – The Minister of Information and Culture, Lai Mohammed, has declared that Nigeria has not witnessed economic and social crises like other oil dependent nations because she has a President like Muhammadu Buhari.
The Minister stated this on Thursday while declaring open the National Broadcasting Commission (NBC) Annual Lecture and 25th Anniversary celebration of creation of the Commission declaring that no amount of hatred would obliterate the solid achievements of the Buhari administration.
Mohammed said that contrary to the impression being created by purveyors of hate speech and fake news, the Buhari administration had, in a short time, recorded solid achievements under a most difficult situation.
He said despite operating with just 45 per cent of the funds available to the immediate past administration due largely to the fall in prices of oil, the Buhari government had achieved tremendously.
Specifically, the Minister said the Buhari administration had brought transparency to governance and is laying a solid foundation for the country’s economic recovery and growth through the Treasury Single Account (TSA) and other economic policies.
“A country that has consistently produced more oil than Nigeria, despite having about one sixth of the Nigerian population, is today embroiled in the worst economic crisis in its history,” he stated.
“There is shortage of food, medicine and everything, and there is hyper-inflation.
“With Nigeria being affected by the same downturn in oil prices, coupled with years of monumental mismanagement of the country’s economy and the mindless and maddening looting of its treasury by rapacious public officials, why is Nigeria not in similar crisis as the country in question?
“My answer is simple: Because Nigeria has a President like Muhammadu Buhari.
“Does anyone remember the scandalous fuel subsidies that failed to deliver fuel to filling stations? What about the fertiliser subsidies that never guaranteed the availability of fertiliser to farmers? Today, fuel queues are gone with the phantom fuel subsidies.
“Also, thanks to the resuscitation of 11 of the country’s moribund fertiliser blending plants, fertiliser is now available to farmers nationwide.
“In fact, six million bags of fertilisers have been delivered at 30 per cent below the market price, 50,000 jobs created and N50 billion saved with the stopping of fertiliser subsidy.”
