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Alhaji Lai Mohammed

FG no longer in control of economy — Lai Mohammed; calls Buhari’s critics mischief makers

Alhaji Lai Mohammed
Alhaji Lai Mohammed
Minister of Information and Culture, Alhaji Lai Mohammed, Saturday, decried that the economic situation in the country, saying the situation has now gone completely out of the control of the Federal Government as, according to him, the global economic meltdown is having a negative spiral effect on it.
Mohammed said this become the reality as the country can no longer determine the price of crude oil or gas in the international market.
Mohammed, who made these statements while fielding questions from a radio station at the weekend in Abuja, however, said the fact that the present administration led by Buhari is still managing to drive the economy is a credit on its side.
Further berating critics of the administration as mischief makers, the minister said President Muhamadu Buhari’s frequent trips abroad, especially to the oil-producing nations, ‘became imperative because of the urgent need to rally support for the stability of the global oil prices and also to attract Foreign Direct Investment (FDI) into the country.’
While noting that stabilizing the prices of crude oil will help prop up the country’s currency, he stated that the president has been spending countless times outside the country to find solution to the crash in oil prices.
“This why the president cannot stay here,” he said.
According to him, staying here in Nigeria is like an army general who in the face of war remains in the bunker.

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