The Information and Culture Minister, Lai Mohammed has cried out on the dwindling economy of the country.
The Minister 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.
Lai Mohhammed maintained that the country is broke and is witnessing a shrinking economy.
He added that the increase in pump price of petroleum product in the country from N86.50 to N145.00 “is not about subsidy removal. It is about the fact that Nigeria is broke. Simple!…The economy is shrinking.”
Recall that the Vice President, Yemi Osinbajo today maintained that the federal government had no other choice but to succumb to the increment in fuel price as the President was against the move from the get go adding that the decision was the hardest the President, Muhammadu Buhari had to make.