The Presidency is optimistic about Nigeria’s financial prospects following the elimination of petrol subsidies and the streamlining of the exchange rate.
Bayo Onanuga, the Special Adviser on Information and Strategy to the President, conveyed this optimism during a featured appearance on a primetime national television programme.
He articulated that with the removal of petrol subsidies and the consolidation of the exchange rate, the administration anticipates a reduction in financial strain.
Onanuga also refuted assertions that the government led by Tinubu still owes federal employees their salaries.
He revealed that the Office of the Accountant General of the Federation has acknowledged encountering issues with the salary disbursement system.
He remarked, “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 on Monday morning, yes, salaries were delayed, but all federal workers have been paid,” he assured.
Additionally, the President’s Special Adviser on Information and Strategy remarked that Nigeria’s wealth is inaccurately portrayed due to its low per capita income compared to other African nations.
Responding to inquiries about Nigeria’s economic status and the government’s initiatives to ensure stability, Onanuga remarked, “Nigeria is a very, very poor country, to be honest. I think our wealth is overestimated.”
“I think we have a poor estimation of the country’s wealth, we are an impoverished country,” he emphasised.