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Nigeria is a very poor country, our wealth overestimated — Presidency

Nigeria is a very poor country, our wealth overestimated — Presidency %Post Title







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.”

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1 Comment
  1. Gbenga Dosumu says

    You are wrong Mr. Onanuga. With a production of about 2 Million barrels of oil per day. Income from LNG and other revenues we are not poor. I’m an Economic geologist and we are probably the most endowed country in the world with gold,lithium, uranium,wolframite,lead zinc ,tantalite amongst our resources talk less of having the third biggest deposit of bitumen in the world. Agro resources full ground berekete.I think we have unfortunately had bad and corrupt resources managers. I’m expecting President Tinubu to change this untrue story that we poor . You should also do your research Sir and confirm all I have said. We really have no business with poverty. Also provide power for our people and leave the rest. Remember to combat security or allow us all to carry armunitions with approvals. The impatience is growing. You goodselve and Ngalale the PR man should be more proactive and let Nigerians know what the Government is doing

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