• Tuesday, March 05, 2024
businessday logo

BusinessDay

Presidency says Nigeria is ‘very poor’

Tinubu campaign-Arise TV spat raises fear of media repression

Nigeria has been described as a “very poor” country, by a representative of the Presidency.

Special Adviser on Information and Strategy to the President, Bayo Onanuga, said on Arise Television on Monday that the country’s wealth is overestimated.

According to Onanuga,  the per capita income of Nigeria is low 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,” he said.

The presidential aide added that Tinubu’s administration is hoping that the pressure on the country’s finances will be reduced with the removal of subsidies on petrol and the unification of the exchange rate.

Meanwhile, Onanuga also confirmed that all outstanding salaries had been paid to 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.