PHOTO:Nigeria is seriously broke, so we had to increase the pump price for Petroleum product-LAI MOHAMMED
The APC led
government through its spokes person, Lai Mohmmed, was reported to have said
that the reason behind the recent price law on Petroleum, was because the
foreign earnings coming in to the federal government has reduced drastically.
Its having a negative effect on the government, so there is that need for
the government to look inward to generate more income, so the price increase.
Mr. Lai Mohammed
said:
“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.”
Ngige said the door is still open
for talks with the Federal Government, noting that “we are ready to discuss
with anybody, even civil society groups. As a government, we will not encourage
factionalisation.”
Similarly, Malami
faulted the criticisms arising from the Federal Government’s legal approach for
injunction against the industrial action, saying it was necessary, especially
as NLC did not give the government the constitutional 15 days notice. On the
waiver granted Dangote Group for the construction of a section of
Lokoja-Obajana-Kabba-Ilorin Road, specifically the section between
Obajana-Kabba Road, Mr. Fashola said the road was important for the
infrastructure development of the country.
He said: “Companies are ordinarily supposed to
pay income tax. There are existing policies in our laws which enable government
to consider and give tax incentives.
“Council considered and approved the
proposal for Dangote Construction Company to build that section of the road
because the tonnage of cement being produced from the factory has increased and
the traffic in that area has increased; there has been unfortunate accidents
also.”
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