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Nairaland Forum / Nairaland / General / Politics / Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor (13141 Views)
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Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by treesun: 9:07pm On Feb 12 |
The Presidency on Monday described Nigeria as a “very very poor” country, given its low per capita income, compared to other African nations. https://punchng.com/nigerias-wealth-overestimated-country-very-poor-presidential-aide/ 11 Likes 3 Shares
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Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by HeatSeeker(m): 9:20pm On Feb 12 |
The bitter truth 😔 29 Likes 8 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Shikini: 9:24pm On Feb 12 |
Confused set of people. . 126 Likes 2 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by CodeTemplar: 9:29pm On Feb 12 |
Rich during campaign, poor after mandate. It is a regular stuff. 247 Likes 17 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by flore1823: 9:40pm On Feb 12 |
Werey bayo alaso. 86 Likes 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Kenochi(m): 9:45pm On Feb 12 |
Let me completely align myself with Mr Bayo Onanuga,Nigeria is a very poor country in reality but materially and potentially a very rich country But the question is why are we poor in the midst of wealth and why are we crying for water despite being in the midst of so much to drink The answer I daresay is our fear to break out of this Ratrace we have found ourselves as a people Our leaders know the problems but are not willing to go the whole hog to solve it This idea of holding ourselves back because we want to develop together is one of the absurb things that we have foisted on ourselves Until we break the chain of being bound together and begin to allow communities to own what they produce and send taxes to the federal government,then we are not ready to get out of this so called poverty When we are ready as a people to start this journey,that is when the poverty of our people will end 54 Likes 8 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by donestk(m): 9:56pm On Feb 12 |
Funny |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Faiththatworks(m): 9:58pm On Feb 12 |
Hi |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by JAMO84: 9:59pm On Feb 12 |
Nigeria 2024 budget : $40b Population - 200m South Africa 2024 budget $150b Population 60m The only reason why we think we are rich is because, our Politicians live large on our meager resources, otherwise, Nigeria is poorer than a church rat. 102 Likes 6 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Tolumiide: 10:00pm On Feb 12 |
APC can only produce excuses. The same APC complained about 16 years of PDP misrule. I think they want to equal PDP 16 years record 81 Likes 2 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by treesun: 10:24pm On Feb 12 |
Nlfpmod, are we rich! |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Ikinternational: 10:46pm On Feb 12 |
But na real dollars these politicians dey steal 23 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Jjj0: 11:32pm On Feb 12 |
Veryyyy |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by christistruth01: 11:42pm On Feb 12 |
That is a Lie Nigeria has one of the biggest Gas Reserves in the world The German President wasn’t in Nigeria to Play If Nigeria was poor how could so many Politicians afford their kids to school in the UK at the Rate of £20,000 per annum Per Child? 105 Likes 2 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by killsmith(f): 11:48pm On Feb 12 |
Excuse upon excuse. If you're incapable you resign. 41 Likes 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by happney65: 11:49pm On Feb 12 |
Singing 2baba's "He be like say they want to tell us another story again o" Nigeria is poor but you can award billions to yourself. A typical example of a Man who claims he doesn't have money to give his family but goes to the Beer Parlour every night and drinks as much as 20 bottles of beer together with about 10 girlfriends and gets home and says he doesn't have money while his children are without shoes Abeg,shey na true say he no get money? 75 Likes 2 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Streetdoctor: 12:11am On Feb 13 |
CodeTemplar:U are sounding so frustrated of recent bros, kilode 2 Likes 4 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by MikoB: 12:20am On Feb 13 |
Agreed with him 100%,Nigeria is a very poor country with enormous potentials, but the issue now is that the little revenue she makes goes to the pockets of you politicians, and with this, there is no way for the economy to expand and generate more money to sustain the ever growing population and take them away from poverty. 17 Likes 3 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Catapault: 2:01am On Feb 13 |
christistruth01: Will you sell the gas reserves in one day? Even if you have gas it doesn't mean you will be super wealthy immediately. It will take years and even a decade or more of selling it to see appreciable impact on the economy. 7 Likes 5 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by kettykin: 2:08am On Feb 13 |
Poor country that wasted more than $400m in a goose chase during the United nations general assembly meeting in New York. As bad as that was, they budgeted N5b for a yatch that has no economic impact or effects on the Nigerian economy. Of recent they took more than 1000 people to Dubai on a jamboree trip with nothing tangible to contribute or bring back. How about the wasteful budget proposals for 2024 where N5b was budgeted for refurbishing the official residence of the vice president and chief of staff. There was indeed a useless country 59 Likes 5 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by christistruth01: 2:37am On Feb 13 |
Catapault: That is a Scam Nigeria has been building infrastructure for selling Gas since the days of Gen Sani Abacha 1996 That was what Nigerians were told then Nigeria is familiar with the Scam, it is an old one 1996 to 2024 is 28 years Don’t tell Nigerians they haven’t been patient enough Gen Abacha saw more future in Gas than in Oil Nigeria exported 32.2 Billion Cubic Meters of Gas in 2022 from which FG made N2.8 Trillion why must Nigerians wait for decades to see the benefits after already waiting since 1996 65 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by lagdmark(m): 3:06am On Feb 13 |
Fear din catch Tinubu and his gang of thievery politicians. During campaign he promised to develop Nigeria the way he developed Lagos. Now that he grabbed Aso Rock, excuses and explanations why he can never do well. 22 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Bullfallo(m): 4:49am On Feb 13 |
.. the wealth in the country is not distributed properly. What we really have a people living above their means. Nigerians are just like the Americans who love comfort over everything. Valentines celebration for example. You will see people who haven’t pay rent will be spending money lavishly. This type of thing can never happen in Europe or Asia. 17 Likes 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Ade3131: 4:50am On Feb 13 |
HeatSeeker: There's no truth in what he said. A poor country with the highest paid politicians in Africa and one of the best paid in the world. We can't be as poor as he described and pay our politicians so handsomely. That's like saying a family is poor, yet they own a house and live in Ikoyi VGC, ride a bullet proof SUV, most of their kids school abroad, but someone somewhere tells you that they're a poor family. A country with over 200 million population with most of them youth is not poor. Don't let them sell that narrative to you. The West are the ones dealing with us for trying to romance with China by using world bank and IMF loans to stiffen their hold on us and our economy. They force our leaders into collecting loans with crazy interest rates up to the point where our total revenue equals total cost of debts servicing. Another thing they're doing is to use poverty and insecurity to keep our population in check. It is when you eat well and live in peace that you'd want to marry and give birth, but when the country is this hard, nobody will caution anybody to limit the number of kids they'd have. With hyperinflation, how many people can afford to feed themselves, how much more feeding another grown up adult (wifes) and kids. Even if you can, security threats mean that you're either going to be a victim or you'll always watch your back. And in such situations, the chance of population explosion is minimal. If you check our population growth between 1960 till date and use that data to forecast our growth in another 50 years if we continue to increase in numbers unchecked, baba, India and China might soon have us rivaling them in terms of population, and the resources used for catering to the needs of that much people is not readily available anywhere. So, their justification to use quasi-natural causes like hunger and insecurity as a tool to checkmate our growth appears understandable. Bring it home and ask people around you how many kids they wish to have if the present inflation continues and let's hear their feedback. The bad news is that there's no government official that'll come on air to tell you all these things. You have to use your tongue to count your teeth. 10 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by meum: 4:51am On Feb 13 |
E reach una turn una say “Nigeria is a very very poor country”😂 but una Dey loot billions. Bayo, Nigeria isn’t poor not to talk of being very very poor. She is blessed with abundant resources (human & natural). Bayo, if Nigeria is a very very poor country(according to you), then I say to all of you “Let the poor(Abi na very very poor country) breathe” 😊 20 Likes 1 Share |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by starpower(m): 4:52am On Feb 13 |
HeatSeeker:by there collective decision in Allocating our commonwealth in wrong places. 3 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by ReubenE(m): 4:52am On Feb 13 |
The amount of nonsense accumulated inside this man's body is very disturbing. This government has blame everyone til no one else to blame, now they blame the country itself. He said they "hope that subsidy removal and fx unification will free up resources". It is very true that you are hoping because you and your ilk already replaced the former frivolities with new ones as evidenced in the 2024 budget. Making more money available for you people simply means making more money available to steal and not necessarily money available for development 23 Likes 4 Shares |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by phemmie06(m): 4:53am On Feb 13 |
And you guys keep sucking us dry....... 8 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by ironheart(m): 4:53am On Feb 13 |
This is the reality on ground but our politicians knows this and i believe they are trying to milk it dry as much as possible before we all get to know the truth. 1 Like |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by mu2sa2: 4:57am On Feb 13 |
CodeTemplar:Don't mind them! And the hypocrites are busy with endless looting of the treasury. Alpha beta. 163m naira car for each Nass member. 37- member wage committee budget: 500m naira. Phantom "office of the first lady" budget for cars: 1.5b naira. Presidential convoy: 150 cars. Poor indeed, Emilokan country! 14 Likes |
Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Mindlog: 5:03am On Feb 13 |
But not too poor to fund the wasteful and thievery nature of the present government. 12 Likes |
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