The Minister of Information and Culture, Alhaji Lai Mohammed, said on Saturday said that the 2016 budget was not padded because the total figure voted for all ministries had not exceeded N6.08 trillion.

Briefing newsmen in Lagos, he said: “The total for every ministry has remained exactly the same as what was submitted to the National Assembly. “A lot has been said about the budget.
Let make clear that nobody can ever accuse this government of padding any budget. “The total of all ministries put together has not exceeded N6.08 trillion that was submitted.

It is factually incorrect to say that the budget was padded. “This is the first time in the history of this country that a government will embark what is called zero based budget.
“Before now, the budget system was what was called an enveloped system.

In an envelope system, there is no justification as to why we need N30 billion for a structure.’’ “This year, we decide that every ministry must have a zero based budget.

In other word, you must justify and explain why you need N100 billion. “This is very good system, the soft ware for it was also very different. The personnel were not used to it,’’ “Now, in the process we got to National Assembly.

What the ministers do is to have a broad overview of the budget.
The template used by the Budget Office is uniform for all ministers.’’ The minister also said exports, balance of trade, Gross Domestic Product were responsible for currency appreciation and depreciation.

“Before now we use to sell crude for about 100 dollar per barrel which means if we produce two million barrels per day, you have something in the region of 200 million dollar less the expenditure of production and others.

“But today for the same two million barrels, you have less than 60 million dollar less the cost of production.’’ “Clearly if your major source of exchange is crude and it has gone down from 100 per cent, you have lost 70 per cent of your source.

“Secondly, if your balance of trade is surplus, in other word, if you export more than you import, then you are going to have less money to settle other countries. “What the government is doing is to ensure that the little resources we have are properly managed. Part of decision we took was Treasury Single Account. “Others include blocking all sort form of corruption and diversify economy so that we can get foreign exchange for other sources,’’ he said.

Read more at: http://www.vanguardngr.com/2016/02/2016-budget-does-not-exceed-n6-08-trln-minister/

The liar is here again.

Lai the chronic liar & father of lies.Lies are richly engrained in his DNA.

Lai the chronic liar & father of lies.Lies are richly engrained in his DNA.

The liar has spoken

The incorrigible liar is back with a bang.. ..
Which economy did they diversify? ?
That's what you get when you have several media aids without having any for the economy.

cckris:
Alhaji Liar Mohammed ADMITTED before the Senate that many items in the Budget of his Ministry were more than what he sent to the Budget Office. Or is this also one of his LIES. Other Ministers also admitted same. What is he saying again.

Yeah bro.His lies goes on in a vicious cycle that he never knows when he lies to cover another lie.

All clap for the minister of Propaganda Affairs.

this man is dy ony man dat sees his lying sycle dat comes every month,y is he trying 2 lie after he said he didnt knw abt dy mny 4 buying computers in his ministry came abt

Just imagine what social media has caused

This pathological liar is someone's father... Eiya!!! What a misfortune!

Lai Mohammed trying to justify the fraud discovered in the budget right? So because the budget is not more than the total amount, the senate should go ahead and pass it, with all the fraud embedded in it

This lai Mohammed guy is an irredeemable shameless old man who should never be in government...SMH

cckris:
Alhaji Liar Mohammed ADMITTED before the Senate that many items in the Budget of his Ministry were more than what he sent to the Budget Office. Or is this also one of his LIES. Other Ministers also admitted same. What is he saying again.

In a sane country people like lai mohammed should have been fired for thinking nigerians are fools, i begin to wonder how people lai mohammed ever got to the corridors of power...SMH

Firefire:
The liar is here again.

Devil go bow for Lai "the Lying Liar" Mohammed lie...

Lie everywhere...

Then why was the DG budget office sacked and why will other heads in that office soon be booted out?
Unless Lai muhammed was misquoted,this is another statement from a govt official that is uncalled for,insensitive,incorrect and annoying.
This is no time for anyone to add to the anger already generated by a budget that has been universally condemned and acknowledged to have been padded.
Acknowledging same wud have even built up Lai's reputation,instead he is calling his integrity into question.

I am forced to believe that their is a generational curse placed on this mr lai muhammed and he is infecting the whole buhari govt with lies and deceit. His wife,if he has any should take him for DELIVERANCE

I try not to judge my fellow human beings but nobody can convince me that Lai Mohammed would not make hell ahead of Lucifer. His mastery of deceits far outweighs Satan's exploit in the Garden of Eden.

Alhaji Lai Mohammed seems better suited as an opposition megaphone than a government spokesperson.

He has not handled the portfolio well ...

Man this guy has no shame. The manner and rate at which he lies

Here we go again

LAI has come again with another LIE.

Gosh!!!

I don Taya for Liar Mohammed!



Alhaji, please know when to stop biko. Its becoming embarrassing!

That awkward moment when Lai Mohammed refuses to stop lying...

the scam is REAL!!!

Hmm, I see Lies Everywhere

the scam is REAL!!!! lemme how ZOMBIES will defend this!!

the liar yaff cum again....buh yoruba gehls eh

I voted for Buhari,I made alot of persons to vote for him too.Oga Lai was a mentor to me but these days,he mouth just dey leak anyhow like basket...Sir,it is do....We no wan here ur voice again oooo

Gra Pa of LIARS in Nigeria I hail u sir Liar Mohammed.