{"id":206644,"date":"2022-07-29T14:22:59","date_gmt":"2022-07-29T13:22:59","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=206644"},"modified":"2022-07-29T14:22:59","modified_gmt":"2022-07-29T13:22:59","slug":"nigeria-is-broke-says-ngige","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/29\/nigeria-is-broke-says-ngige\/","title":{"rendered":"Nigeria is broke, says Ngige"},"content":{"rendered":"<p>Dr. Chris Ngige, the Minister of Labour and Employment has stated that Nigeria is currently broke.<\/p>\n<p>This was made known by the Minister while speaking at the\u00a02022 World Day Against Child Labour.<\/p>\n<p>According to him, the Federal Government does not have money to prosecute capital projects next year, a development that might worsen unemployment and <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/19\/nnpc-now-free-from-institutional-regulations-says-buhari\/\">poverty<\/a>.<\/p>\n<p>\u201cI can tell you that Nigeria is broke. There is no money to fund capital projects next year. 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. The money that the FAAC (Federation Account Allocation Committee) has been sharing is money from taxes, customs and other revenue-generating agencies.?<\/p>\n<p>The National Nigerian Petroleum Company Limited (<a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/20\/atiku-abubakar-fg-bought-into-my-proposal-on-nnpc\/\">NNPC<\/a>) no longer remits 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.\u201d? he said<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Chris Ngige, the Minister of Labour and Employment has stated that Nigeria is currently broke. This was made known by the Minister while speaking at the\u00a02022 World Day Against Child Labour. According to him, the Federal Government does not have money to prosecute capital projects next year, a development that might worsen unemployment and [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":17276,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[10747,676,42984,778],"class_list":["post-206644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-child-labour","tag-chris-ngige","tag-nigeria-is-broke","tag-poverty"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria is broke, says Ngige<\/title>\n<meta name=\"description\" content=\"Dr. Chris Ngige, the Minister of Labour and Employment has stated that Nigeria is currently broke.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/29\/nigeria-is-broke-says-ngige\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria is broke, says Ngige\" \/>\n<meta property=\"og:description\" content=\"Dr. Chris Ngige, the Minister of Labour and Employment has stated that Nigeria is currently broke. This was made known by the Minister while speaking at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/29\/nigeria-is-broke-says-ngige\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-29T13:22:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/04\/adewale_chocomilo\/2021\/04\/04\/CHRIS-NGIGE-640x361-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta 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