Nigeria’s prosperity concentrated in the hands of few people – Buhari

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President Muhammadu Buhari has said that a significant proportion of Nigeria’s prosperity is concentrated in the hands of a few people in the country. The President made the statement on Monday at the 25th Nigerian Economic Summit in Abuja, with the theme, “Nigeria 2050: Shifting Gears”.

He said, ‘‘A significant proportion of Nigeria’s prosperity today is concentrated in the hands of a few people living primarily in 4 or 5 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”.

President Buhari while underscoring the importance of collective prosperity, said that a prosperous society is one where the majority of its citizens have an acceptable standard of living. ‘‘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.

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