In a candid statement on Monday, the Special Adviser on Information and Strategy to the President, Mr.
Bayo Onanuga, openly acknowledged Nigeria's economic struggles, describing it as a "very, very poor" country with an overestimated wealth. During his appearance as a Special Guest on Arise TV's Prime Time, Onanuga highlighted the country's low per capita income in comparison to other African nations.
Responding to questions about Nigeria's economic state and the government's efforts for stability, Onanuga stated, "I think we have a poor estimation of the wealth of the country; we are a very poor country." He emphasized that the recent removal of subsidies on petrol and the unification of the exchange rate are measures aimed at reducing financial pressure on the administration.
Addressing concerns about unpaid emoluments, Onanuga refuted claims that the Tinubu-led government owed federal workers. He clarified that the delays were attributed to challenges with the platform used for salary disbursement. "According to a briefing I got this morning, yes, salaries were delayed, but all federal workers have been paid," he assured.
As Nigeria grapples with economic challenges, the acknowledgment of its financial reality signals a commitment to transparency and a focus on addressing the issues at hand. The removal of subsidies and exchange rate unification are positioned as steps toward financial stability, although the road ahead may still present hurdles that require careful navigation.
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