Nigeria Is Not A Poor Country, Says President Jonathan

In the May Day rally held at the Eagle Square, Abuja, President Goodluck Jonathan, while addressing the workers, faulted the World Bank report which placed Nigeria among the five poorest countries in the world.

World Bank president Dr. Jim Kim had said "the fact is that two-thirds of the world’s extreme poor are concentrated in just five countries: India, China, Nigeria, Bangladesh and the Democratic Republic of Congo."

But President Jonathan believes that “the challenge of the country is not poverty, but redistribution of wealth.’’ stating “the challenge of the country is not poverty, but redistribution of wealth.’’


He said that the realities on ground did not portray the country as a poor nation, but a nation which abundant wealth needed to be evenly redistributed.

“Nigeria is not a poor country. Nigerians are the most travelled people. There is no country you go that you will not see Nigerians. The GDP of Nigeria is over half a trillion dollars and the economy is growing at close to 7 per cent.’’

“Aliko Dangote was recently classified among the 25 richest people in the World.

“I visited Kenya recently on a state visit and there was a programme for Nigerian and Kenyan business men to interact and the number of private jets that landed in Nairobi that day was a subject of discussion in Kenyan media for over a week.

“If you talk about ownership of private jets, Nigeria will be among the first 10 countries, yet they are saying that Nigeria is among the five poorest countries.

“Some of you will experience that there is an amount of money you will give to a Nigerian who needs help and will not even regard it and thank you but if you travel to other countries and give such an amount, the person will celebrate.

“But the World Bank statistics shows that Nigeria is among the five poorest countries. Our problem is not poverty, our problem is redistribution of wealth.’’

The President also added that “probably wealth is concentrated in very few hands and a number of people do not have access to it and that is why my administration is committed in terms of financial inclusiveness and we are working very hard to achieve this.’’

Source: Leadership Newspaper