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Nigeria’s wealth overrated – Presidency

Nigeria’s wealth overrated – Presidency

The presidency in Nigeria has described the country as “very poor”, saying its wealth was 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.


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