Nigeria is a poor country; total budget lesser than Kenya, South Africa, New York — Presidential Committee
Politics tamfitronics Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has described Nigeria as a poor country with the potential to be wealthy.Speaking on Channels Television’s Politics Today, Oyedele said in comparison with some countries and cities, the Federal Government’s budget and that of states are small.“By the way, the entire budget, that’s the Federal Government’s of about N29 trillion plus all the states in Nigeria about N15 trillion – if you add it all, it comes to about N44 trillion. That’s around $30 billion,” he said“That $30 billion is even less than the budget of Kenya which is around $32 billion. It is barely a quarter of South Africa’s budget at $130 billion. And of course, it’s even less than the budget of New York City, not even just...
