Nigeria A Poor Country With Overestimated Wealth –Presidency

The Nigerian Presidency has described the country as a “very poor” country, stressing that the wealth of the country is actually overestimated.

Bayo Onanuga who is the Special Adviser on Information and Strategy to the President, made this in an interview on Arise Television which was monitored by Africa Today News, New York.

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.”

Read Also: NYSC DG Laments Mobilisation Of Poor Quality Graduates

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.

Meanwhile, some Nigerian Governors and their deputies elected under the platform of the Peoples Democratic Party (PDP) on Monday met in Abuja, the country’s capital city.

The meeting which took place at the Oyo State Governors’ lodge in Asokoro was fixed to make a resolution on how to find lasting solutions to the current economic hardships in the country.

Among those at the Oyo State Governors’ lodge in Asokoro where the meeting is taking place are the Bauchi State Governor, Bala Mohammed, Seyi Makinde (Oyo), Godwin Obaseki (Edo), Agbu Kefas (Taraba), Dauda Lawal (Zamfara) and Caleb Mutfwang (Plateau).

Others are; Deputy Governor of Enugu State, Ifeanyi Ossai, and Deputy Governor of Delta State, Monday John Onyeme.

Africa Today News, New York

Leave a Reply

Your email address will not be published. Required fields are marked *