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.”
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