Few Nigerians holding most of the country’s wealth - Buhari

By FN Editor on 07/10/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 90


President Muhammadu Buhari says a significant proportion of Nigeria’s prosperity is concentrated in the hands of a few people.

Speaking at the opening session of the 25th Nigerian Economic Summit in Abuja, the president said those few people are currently living in four or five states and the federal capital territory.

He said while only five states had most of the wealthy people, the remaining 31 states have about 150 million people waiting for better opportunities to thrive.

The president said a prosperous society is one where the majority of its citizens have an acceptable standard of living and a decent quality of life.

‘‘Today, many mistake prosperity with wealth. They are not necessarily the same. Experts and analysts explain economic trends by making references to indicators of wealth,” he said.

‘‘Wealth, however, in its simplistic form, is money or other assets. In recent years, global events have shown that when a society and its leaders are driven and motivated by these alone, the ultimate outcome is a divided state of severe inequalities.

“Nigeria is a country with close to 200 million people living in 36 states and the FCT. A significant proportion of Nigeria’s prosperity today is concentrated in the hands of a few people living primarily in four or five states and the FCT. Some of the most prosperous Nigerians are here in this room.

“This leaves the remaining 31 States with close to 150 million people in a state of expectancy and hope for better opportunity to thrive. This, in the most basic form, drives the migratory and security trends we are seeing today both in Nigeria and across the region.”

 

 

Posted on October, 7 2019

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Arsenal 4-1 Liverpool : Hector Bellerin, Mesut Ozil,...

9-year old gets endorsement after announcing he would...

I killed my mother, slept with her corpse...

Abia govt to settle hospital bill of accident...

Breaking: Ikpeazu files notice of appeal

PRESS STATEMENT ON CURRENT FUEL SITUATION

Gov Wike Sacks Amaechi’s Appointees

[PHOTOS] Suspected Port Harcourt hotel serial killer arraigned...

2019: NIM to launch Third Force in February...

Election petitions should be handled by retired Judges...

Abia, Benue get new CPs ahead of today's...

Vote PDP and Nigeria Will Be Overpowered -...
News Abia Election Special (5) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (13) Breaking News (208) Business (53) Campus News (6) Crime (199) Economy (135) Education (175) Entertainment (180) Fashion and Style (4) General (1255) Health (122) Inside Africa (56) International News (311) Interviews (39) National (2069) Politics (1229) Press Releases (152) Religion (13) Security (164) Sports (462) Technology (29) World News (87)

 

 

Advertisement

 

Latest News The Legislative Blueprint of the 7th Abia state house of Assembly [PHOTOS] Suspected Port Harcourt hotel serial killer arraigned in court #RevolutionNow: Court Maintains Bail For Sowore At N100m Abducted ACP Rescued Unhurt, Two Male Suspects Arrested FG Secures $3bn World Bank Loan for Power sector I was treated like a common criminal,Impeached Kogi Deputy Governor laments Nnamdi Kanu blames FG for the death of his mother 527,815 admission spaces not filled – JAMB Ikpeazu appoints Engr Uzo as SA Project monitoring and Implementation Onyendilefu sympathizes with accident victims, thanks Gov. Ikpeazu for swift intervention

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (25,788 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (22,134 views) The show of shame that sealed Justice Uzokwe’s fate (18,181 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (9,223 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (8,496 views) Cojoined Twins Abby And Brittany Hensel Pose in Bikini (8,091 views) Lawyers accuse Lagos Police of working for PDP (8,087 views) Ebola virus in Syria – Infecting ISIS members (7,972 views) Radio Biafra delivers AM Transmitter (7,815 views) ‘Why fuel scarcity persists’ (7,251 views)