Nigeria is a very poor country, our wealth exaggerated — Onanuga

The special adviser to President Bola Tinubu on information and strategy, Bayo Onanuga, has said that contrary to the assumptions of many, Nigeria is a very poor country.

Mr Onanuga, who disclosed this during an interview on Arise TV, said the country’s per capita income is very low compared to other African nations.

“Nigeria is a very, very poor country, to be honest. I think our wealth is overestimated,” Mr Onanuga said.


While answering a question 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.”

On the hasty removal of fuel subsidy, Mr Onanuga said: “President Tinubu felt there was no need to postpone the evil day of subsidy removal, which is why he made the decision to remove the subsidy.”

He added that with the dual reforms of subsidy removal and the unification of the exchange rate, the administration “is hoping that the pressure on our finances will reduce.”


He also assured that the current administration is making efforts to make life better for Nigerians.

Mr Onanuga also refuted claims that the government still owes salaries and other emoluments to it workers.

“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.

Credit Gist New Today News in Newspaper Nigeria Headlines

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