In a candid interview on Arise Television, the Special Adviser on Information and Strategy to the President, Bayo Onanuga, challenged prevailing notions about Nigeria's economic standing, categorizing the nation as "very poor."
Onanuga pointed to the country's low per capita income, asserting that its wealth is often overestimated. Discussing efforts to stabilize the economy, he highlighted the removal of subsidies on petrol and the unification of the exchange rate as measures aimed at reducing financial pressure.
Despite acknowledging delays in salary disbursements, Onanuga refuted claims of outstanding emoluments, citing challenges with the platform used for payment.
This statement from the Presidency sparks a renewed debate on Nigeria's economic assessment and the implications for policy decisions.
