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Nigeria’s wealth is overestimated, country very poor, says FG

President Bola Tinubu’s administration has declared that Nigeria “is a very very poor country, to be honest, and our wealth is overestimated.”

Mr Bayo Onanuga, the President’s Special Adviser on Information and Strategy, made this statement on Monday during an appearance on Arise News TV.

Meanwhile, numerous workers in different federal establishments across the country have complained the delay in the payment of their January paycheck, criticizing the government’s decision as insensitive given the country’s current economic crisis.

However, Onanuga also denied the claim.

He explained that there was a challenge with the platform being used to disburse the salaries.

Onanuga described Nigeria as a “very very poor” country, given its low per capita income, compared to other African nations.

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 stated.

“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.”

The presidential aide asserted 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.”


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