200 Million Nigerians To Receive Fair Return On Surfeit Of Resources – Lai Mohammed.
The Minister of Information and Culture, Lai Mohammed, has said that for the first time under our amended law, 200 million Nigerians will start to receive a fair return on the surfeit of resources of the nation’s lands.
The minister said over the years Nigeria has failed to secure its equitable share of the proceeds of oil production because all attempts to amend the law on the distribution of income have failed, adding that the present administration has broken the jinx.“President Muhammadu Buhari, in a landmark move, signed into law the amended Deep Offshore Bill.
According to him, the economy has continued to witness a strong performance, building on the steady recovery since the last recession. The Minister told newsmen that the security of lives and property has remained a priority of the present administration, adding that this has led to a tremendous improvement that has been witnessed in fighting terrorism, banditry, kidnapping and other acts of criminality.
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