Nigeria Is A Very Poor Country, Our Wealth Is Overestimated – Bayo Onanuga

The Presidency through Bayo Onanuga has said Nigeria is poor.

tinubuAccording to him, the country’s wealth is overestimated.

READ ALSO: Cost Of Living Crisis: Senate Meets Cardoso And Tinubu’s Economic Team
Special Adviser on Information and Strategy to the President, Bayo Onanuga, said this on Monday in a new interview.

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

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

READ ALSO: ₦1m May Be The New Minimum Wage If Naira Depreciation Continues – NLC President, Joe Ajaero
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.”

According to him, 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 debunked claims that the Tinubu-led government still owes emoluments to its federal workers.

“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.

au

Photo Credit: Getty

Leave a Reply