Tinubu’s Aide Explains Why Nigeria is A Very Poor Country

• A presidential aide, Bayo Onanuga said Nigeria is a poor country and the people have a poor estimation of the country’s wealth.
• Onanuga said Nigeria’s minimum wage of N33,000 ($39) compared to South Africa’s $240 is a clear reflection that Nigeria is a poor country
• He said hopefully the pressure on Nigeria's finances will be reduced with the removal of subsidies on petrol and the unification of the exchange rate.

Legit.ng journalist Adekunle Dada has over 5 years of experience covering metro and government policy.

FCT, Abuja - Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Ahmed Tinubu, said Nigeria is a poor country and the people have a poor estimation of the country’s wealth.

Onanuga stated this during an interview on Arise Television on Monday, February 12.

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He said Nigeria is still a very poor country compared to other African nations in terms of its low per capita income.

The presidential aide said:

“Our country is a very very poor country. I think we have a very poor estimation of the wealth of our country. I think our wealth is overestimated.” In terms of minimum wage, South Africa's minimum wage is about 240 dollars per month. In Nigeria, the 33, 000 is just about 39 dollars a month. Look at the gap. You can see that this is reflected in other wages.

"The index of poverty is there. It’s obvious we have it and people are poor and that’s why when we have this problem we are facing now; they cannot adjust because we don’t have disposable income. It is a very pathetic situation and the government is concerned."

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Onanuga added that Tinubu's administration “is hoping that the pressure on our finances will reduce” with the removal of subsidies on petrol and the unification of the exchange rate, Vanguard reported.

PDP governors lament high cost of living

Meanwhile, Legit.ng reported that the People’s Democratic Party Governors’ Forum (PDPGF) said Nigeria is almost on the road to Vanezuela’s economic turmoil under President Tinubu’s watch.

The Chairman of the Forum and Bauchi state governor, Bala Mohammed, stated this after reading the communique from the Forum meeting at the Oyo State Governor’s Lodge, Asokoro, Abuja, on Monday, February 12.

The PDP governor stated this while lamenting about the rising cost of living in the country.

Source: Legit.ng