Home News_Update News_Update NIGERIAN YAHOO BOYS SHOULD LEND US MONEY, NIGERIA IS COLLAPSING” — LAI MOHAMMED PLEADS By Newsfenzy - December 18, 2019

By MINISTER of Information and Culture, Alhaji Lai Mohammed, on Tuesday, said the Federal Government is unable to implement the capital votes of the 2017 budget because of lack of funds. The declaration by Mohammed was coming some 24 hours after the Minister of Finance, Mrs Kemi Adeosun, told foreign visitors that the Federal Government would soon release N750 billion to fund capital projects in the 2017 budget. Speaking during the 2018 budget defence session, at the Senate, on Tuesday, Mohammed said “it is not that government is deliberately withholding releases to fund the 2017 budget or starving us. It is because we do not have enough money to do that. “When budgets are made, they are made based on certain assumptions and if you are not able to get enough to meet your assumptions, there will be poor release. “At least, there is an improvement in different sectors like the Nigeria Customs Service, while the price of crude oil is getting better. There is also more peace in the Niger Delta. So we can produce more,” he said. According to him, once the visa regime was liberalised, tourists would be encouraged to visit African countries. The minister said there was an improvement in visa regime in the country, adding that the current “visa on arrival programme” recently introduced by the Federal Government was working well. “Anybody who has been observing what is happening in the creative industry, including culture, film industry, and fashion, will see that there is remarkable transformation and that is because the government has provided the enabling environment. “The creative industry is on a tripod, the government, the private sector and the practitioners and what government has done is to give the support that the industry needs to grow. “For instance, sometime this year, the Federal Government included the film industry in the list of industries that will enjoy pioneer status. “What this means is that if you invest in this industry with a certain amount of money, you will be entitled to a tax holiday for three years at the initial stage and another two years. “In addition, dividends from your businesses will be exempted from taxation. This is one of the incentives government has given,” he said. Facebook Twitter Previous article EVEN BUHARI’S CHILDREN ARE UNEMPLOYABLE AND LAZY – NGIGE Next article 2023 Presidency!!! Tinubu ‘Forms’ New Party, Seizes APC Membership Register, Dismantles Server RELATED ARTICLESMORE FROM AUTHOR Obasanjo To Buhari: If Truly You Paid Miyetti Allah, 100B You Must Compensate IPOB Killings: No law forbids an Igbo man from defending themselves, get yourself ready, they will strike at unknown date DSS Makes Arrests, As NBET CEO Tries To Escape Jail For ‘Massive Corruption’, Implicates 9 Top Officials I See War, I See Killings, Igbos, The Time Is Now, Defend Your Land – Former Minister Of Finance, Dr.Ngozi Okonji-Iweala After Intense Pressure, Tinubu Sends Congratulatory Message To ‘General’ Buhari EVEN BUHARI’S CHILDREN ARE UNEMPLOYABLE AND LAZY – NGIGE 3 COMMENTS Emeka Anyalewechi December 18, 2019 at 11:46 pm What about the Big ROMANCE LOVE SCAMMERS .. NOTHING DIFFERENCE FROM YAHOOBOYS.. BOTHE DO SAME as a Victims of Business into USA VISA , MARRIGE ROMANCE LOVE SCAMMERIOUSLY VICTIMS…TRICKLY AND SHAMELESSLY…ACTING LIKE IS THEIR OWN . EVEN THREATENING YOU WITH THEIR HUSBANDS AND RELATIVES ORGANIZED, and FIANCEE WITH PICTURES, and text messages….pompously …posing or getting likes on Facebook but soon it wi be over .. cuz it hurts…very UNREMORSELY … Reply Jimih Aishat December 19, 2019 at 7:34 am Buy your rice 10,000 naira per bag 50kg Call alhaji Hassan on 08063236578 for purchase Reply samson December 19, 2019 at 12:30 pm Tell the EFCC and the SAS to borrow you the money they collected from yahoo boys Reply LEAVE A REPLY Comment: Name:* Email:* Website: Save my name, email, and website in this browser for the next time I comment. POST COMMENT Newsfenzy.com We Dish Out News, Core Information As It Happens. We Tell Stories You Can Hardly Find In Any Other Website. Newsfenzy promises to be a fair and objective portal, where readers can find the best information, recent facts and entertaining news. Contact us: Newsfenzy.com@gmail.com POPULAR POSTS Dino Melaye Finally Joins Nollywood To Be Featured On ‘Equity Unbound’ October 12, 2019 Oil community have no school, hospital despite Shell’s 40-year operation – Buhari laments October 12, 2019 We Can Never Implement The 2019 Budget, Unless You Want To Divide Nigeria, Senators Blast... October 11, 2019 POPULAR CATEGORY News_Update371 News_Politics165 Sports_Connect48 Entertainment_Connect47 Biafra_News28 Talk_Zone15 Science_Corner10 About usAdvertiseDisclaimer © 2019–Newsfenzy by Tidbit103 | All rights reserved