Financial Turmoil Spurs Crypto Wave in Latin America

The Presidency has recently characterized Nigeria as a nation facing significant economic challenges, emphasizing that the country’s wealth is often overestimated. Bayo Onanuga, Special Adviser on Information and Strategy to the President, conveyed this sentiment during an interview on Arise Television.

Onanuga underscored Nigeria’s economic struggles, pointing out its relatively low per capita income compared to other African countries. He candidly remarked, “Nigeria is a very poor country, to be honest. I think our wealth is overestimated.”

Regarding efforts to stabilize the economy, Onanuga highlighted the government’s recent steps, including the removal of fuel subsidies and the unification of the exchange rate. These measures, he explained, are aimed at alleviating financial pressures on the country.

Responding to inquiries about delayed salary payments, particularly under the Tinubu-led government, Onanuga clarified that while there were delays attributed to challenges with the payment platform, all federal workers have now received their salaries. He referenced information received earlier in the day, affirming that the issue had been addressed and rectified.

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