We Increased Fuel Prices To Fund The Budget: – Buhari’s Govt

Nigerian were shocked as President Muhammadu Buhari’s government confessed that the Increase in the price of petrol form N86.50 to N145 has nothing to do with subsidy removal or the planned deregulation of the downstream sector.

The integrity challenged Nigerian government, which the international community described as fantastically corrupt against their lies of deregulation and subsidy removal, said that they increased the price of petrol to raise money from the masses to fund their over bloated and extremely padded budget of 2016, adding that, Nigeria is broke and the people must sacrifice.

Sadly, those that defended the non-existed “removal of subsidy” or government deceit of price hike as result of “deregulation” are now covering their faces in shame, as Buhari’s government only intentionally wanted to punish the ordinary people to fund their ostentatious lifestyle.
The Government stated that Nigeria’s foreign earnings had drastically reduced in recent times and that the only way out of this present financial mess is to look inwards to generate more money and taxing the masses is the way out.
Alhaji Lai Mohammed, Information Minister, made this confession while briefing newsmen at the end of the Federal Executive Council meeting, chaired by President Muhammadu Buhari at the Presidential villa.
The Nigerian Information Minister according toLarge News said that, “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.”
The reckless spending Buhari’s government according toLarge News spent over N6.8trillion in 2015 and not single projected was executed, as all the capital expense allocation in the 2015 budget were squandered and can’t be accounted for.
If the story by Alhaji Lai Mohammed is anything to go by according toLarge News, when your income dropped from N100,000 to N10,000, to survive, the best thing to do is to reduce your expenses (budget).
The reverse was the case about the extravagant Buhari’s government, instead of reducing the 2016 budget in the light of our dwindling revenue increased it from N4.5trillion (2015) to N6.07trillion (35% increase) in 2016.
About 32.1% of the 2016 budget figures according toLarge News are over-inflated projects, padded expenses, duplicated expenses, luxury goods and trips, non priority spending and roving figures with no accounts headings.