Federal Government laments poverty despite huge budgets

Written by on January 25, 2016

buhariThe Federal Government has lamented the poverty level among Nigerians despite the huge increases in the country’s yearly budget in the past seventeen years. It says Nigeria’s national budget increased from over nine hundred billion naira in 1999 to over six trillion naira in 2016, adding that at the same time, poverty also increased almost by the same proportion.

Speaking at a meeting with journalists in Lagos yesterday, the Minister of Information and Culture, Alhaji Lai Mohammed also hailed the global endorsement of its anti-corruption fight, calling it an incentive to continue with the battle that must be won for the nation to achieve sustainable growth. Recently, the US Secretary of State, John Kerry, at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, commended the President Muhamaddu Buhari’s administration for its effort at combating corruption in Nigeria.

Reader's opinions

Leave a Reply

Current track