Home News Nigeria is a very very poor country – Presidency
News

Nigeria is a very very poor country – Presidency

946
Nigeria is a very very poor country - Presidency

President Bola Tinubu has said Nigeria is a “very, very poor” country due to its low per capita income compared to other African nations.

Mr. Bayo Onanuga, the Special Adviser on Information and Strategy to the President, made these remarks during a recent appearance as a Special Guest on Arise TV’s Prime Time.

Addressing inquiries regarding Nigeria’s economic status and the government’s efforts to ensure stability, Onanuga stated, “Nigeria is a very, very poor country, to be honest. 

I think our wealth is overestimated.” He emphasised a need for a more realistic assessment of the nation’s economic standing.

Moreover, Onanuga highlighted recent policy measures aimed at alleviating financial strains, including removing subsidies on petrol and unifying the exchange rate. He expressed hopes that these actions would ease the pressure on the country’s finances.

Read more: Explosion Rocks National Youth Festival Celebration in Cameroon

About The Author

Related Articles

In a ministerial meeting of the Confederation of Sahel States (AES) held in Bamako on January 16, 2025, key decisions emerging from the session include establishing a Regional Investment Bank and launching transformative infrastructure projects across member states.
News

Niamey Hosts Second Meeting Of Justice Ministers of CSS, Discussions Focus on Judicial Reforms and Regional Integration

Niamey on Monday played host to the second meeting of justice ministers...

News

Former Niger Minister Ibrahim Yacoubou Questioned Over Alleged Human Sacrifice Case

The Attorney General at the Niamey Court of Appeal has confirmed that...

Amusan
News

Nigeria’s Tobi Amusan Wins Silver In 100m Hurdles At World Championships

Nigeria’s Tobi Amusan has clinched the silver medal in the women’s 100m...

News

Burkina Faso Cuts Four Public Holidays to Boost State Revenues

Burkina Faso’s Council of Ministers has approved a new bill that eliminates...