Nigeria is a very poor country, our wealth overestimated — Presidency
The Presidency has described Nigeria as a “very poor” country, adding that the wealth of the country is overestimated.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, said this in an interview on Arise TV.
Onanuga, in the interview on Monday, said 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.
“I think we have a poor estimation of the wealth of the country.
“We are a very poor country.”
Onanuga said the expectation is that the removal of subsidies on petrol and unification of the exchange rate will reduce the pressure on the country’s finances.
He added that contrary to claims, the Federal Government was no longer owing its 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.”