Nigeria is broke – Ngige “Whats Does the Future Holds for Nigerian Students?”

Nigeria is broke

This may sound funny, but in reality, it’s truly a sad phase we are going through in this country. The Minister of Labour and Employment, Dr Chris Ngige, has officially disclosed that Nigeria is broke.

The Minister of Labour and Employment, disclosed this information while speaking at the 2022 World Day Against Child Labour.

Chris Ngige

Chris Ngige

According to Dr Chris Ngige, who said that the Nigerian Federal Government does not have money to prosecute capital projects next year, a development that might worsen unemployment and poverty. If the government does not have any money to prosecute any major Project next year, what is the way forward for Nigerian students currently at home because of this ASUU Strike?

Here’s his exact statement quote below:

“The truth is that currently, Nigeria is broke. There is no money to fund capital projects next year. There is no need hiding it, as you can see, the dollar that has been hovering around N500 and N600 is now above N700. The truth is that there is no money anywhere within the country. The money that the FAAC (Federation Account Allocation Committee) has been sharing is money from taxes, customs and other revenue-generating agencies.?

The National Nigerian Petroleum Company Limited (NNPC) made news few days ago, and it’s no longer remitting money to FAAC. So, the situation calls for patriotism from all Nigerians. The lack of money to fund capital projects would have implications on the capacity to create jobs. If jobs are not created, poverty will increase in the country.”?

What do you think?

About the author

Glory Joseph

A graduate of Medicine From Imsu, Current Nurse, Medical book reader, Nigeria tertiary institution news anchor. I virtually know all Varsities in Nigeria!

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