CBN: Nigeria is Not a Poor Nation

The Central Bank of Nigeria (CBN) has debunked the impression that Nigeria is a poor country, saying instead, there is inequality in the income of the citizenry. Making this assertion in Lagos Monday, the CBN Director of Communications, Mr. Ugo Okoroafor said: “Nigeria is not a poor nation, what we have is income inequality.”

Okoroafor who spoke at a roundtable on the theme: ‘Nigeria’s Fiscal and Monetary Crises: The Way Out,’ organised by the Save Nigeria Group to mark the first year anniversary of the 2012 subsidy removal protest tagged ‘Occupy Nigeria,’ maintained that the country’s economy is a major rival to South Africa in Africa.


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