“Nigeria is a very very poor country, to be honest. I think our wealth is overestimated,” Bayo Onanuga, the President’s Special Adviser on Information and Strategy, stated this on Monday during an interview with Arise Television.
He stated that Nigeria remains a very poor country, given its low per capita GDP in comparison to other African countries.
The presidential advisor discussed the situation of Nigeria’s economy and the administration’s attempts to guarantee stability, “I think we have a poor estimation of the wealth of the country, we are a very poor country.”
According to him, with the withdrawal of subsidies for petrol and the unification of the currency rate, the administration “is hoping that the pressure on our finances will reduce.”
Meanwhile, Onanuga denied that the Tinubu-led administration still owes emoluments to its federal employees.
“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.
