The Presidency, in a candid revelation, has acknowledged Nigeria’s stark economic reality, branding the nation as “very very poor” due to its low per capita income compared to other African countries.
Special Adviser on Information and Strategy to the President, Mr. Bayo Onanuga, made this statement during a guest appearance on Arise TV’s Prime Time, shedding light on the nation’s financial challenges and ongoing efforts to stabilize the economy.
Highlighting the removal of subsidies on petrol and the unification of the exchange rate as pivotal steps, Onanuga emphasized the administration’s aim to alleviate financial pressures.
Acknowledging delays in salary disbursements, he assured that all federal workers have been paid, despite challenges with the platform used for payment.
