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June 11, 2026 - 9:27 AM

We’re Not as Wealthy as We Believe -Budget Minister 

In a recent address at the launch of ActionAid Nigeria’s new country strategy paper titled “Citizens Action to End Poverty and Injustice 2024-2034,” Minister Bagudu emphasized that Nigeria’s ongoing underdevelopment cannot be attributed to any single administration.
The minister stressed that addressing the country’s challenges requires a united and concerted effort from all citizens.
Bagudu drew attention to the urgent need for Nigerians to acknowledge the nation’s current economic reality.
He likened this acknowledgment to a family conversation where everyone must recognize their financial constraints.
“We are not as rich as we think we are,” Bagudu remarked, pointing out that this realization should spur citizens to actively contribute to national development rather than passively rely on government interventions.
The minister further highlighted the importance of citizens actively engaging with government programs, not merely to support them but also to hold officials accountable.
“If all we have is anger at each other, we will never solve any problem,” he said, urging Nigerians to foster a culture of cooperation and constructive criticism.
Bagudu called for a collective effort to build a more just and equitable society where every individual’s contribution is valued.
He emphasized that the ultimate goal of social action should be inclusivity, ensuring that local economies benefit everyone.
“The ultimate aim of social action is to include all, and local economies can be made to include all,” Bagudu affirmed.
The event also featured a speech by Andrew Mamedu, the Country Director of ActionAid Nigeria, who underscored the critical situation facing the nation.
He noted that 133 million Nigerians are living in multi-dimensional poverty, lacking both financial resources and access to essential services.
Mamedu stressed the need for immediate action, stating, “Hope and belief must be accompanied by action. This is the essence of our CSP.”
Mamedu outlined the four key actions of the new strategy—Organise, Act, Shift, and Thrive—designed to empower citizens to drive systemic change.
The strategy places a strong emphasis on human rights and community engagement. Mamedu also recognized the challenges faced by protesters in Nigeria, stressing the importance of supporting and amplifying their voices.
“This strategy is not just a plan; it is our pledge to act with urgency, integrity, and unwavering commitment,” Mamedu concluded, calling for collective efforts to bring about meaningful change in Nigeria.
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