Market News

Nigeria’s very poor country, our wealth is overestimated – Presidency - VANGUARD

FEBRUARY 13, 2024

The Presidency has described Nigeria as a “very poor” country, saying the wealth of the country is overestimated.

Special Adviser on Information and Strategy to the President, Bayo Onanuga, stated this in an interview on Arise Television on Monday.

According to Onanuga, Nigeria is still a very poor country considering its low per capita income, compared to other African nations.

He said, “Nigeria is a very very poor country, to be honest. I think our wealth is overestimated,”

On the state of Nigeria’s economy and the administration’s efforts to ensure stability, the presidential aide said, “I think we have a poor estimation of the wealth of the country, we are a very poor country.”

The presidential aide added that with the removal of subsidies on petrol and the unification of the exchange rate, the administration “is hoping that the pressure on our finances will reduce.”

Meanwhile, Onanuga dismissed claims that the Tinubu-led government still owes emoluments to its federal workers.

He said, “The office of the AGF has said there is a challenge with the platform being used to disburse the salaries.

“According to a briefing I got this morning, yes, salaries were delayed, but all federal workers have been paid,” he added.


This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics