The Minister of Information and Culture, Alhaji Lai Mohammed, on
Saturday lamented that the economic situation in the country has gone
completely out of the control of government as the global economic
meltdown is having a negative spiral effect on it.
He explained that this was so because Nigeria cannot determine the price of crude or gas.
Berating
critics of the administration as mischief makers, he 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.
The
is 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.
Mohammed, who made these statements while
fielding questions from a radio station at the weekend in Abuja, said
the fact that the present administration led by Buhari is still managing
to drive the economy is a credit on its side.
Economy Gone Out Of Buhari’s Control, Says Lai Mohammed - Politics
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