In one of our posts, we published a list of 10 African richest presidents and their Net worth. This time, we are writing on the poorest president in Africa. You would be amazed that Nigerian President Muhammadu Buhari has been labeled as the poorest leader in sub-Saharan Africa and possibly the least corrupt leader in Africa.
The reason is based on his asset declaration prior to his inauguration on May 29 where he had N30 million which is equivalent to $150,000.
In a report by The Washington Post, the declaration showed that the president is not in the league of rich African leaders.
Although Nigeria might not be on the list of Richest Countries in Africa, Nigeria is third on the list of most corrupt countries in the world this 2020. President Buhari was elected because of his acclaimed record and promise of ending corruption whilst showing a sense of transparency.
Meanwhile, according to the current Forbes ranking of wealthiest presidents, Jose Eduardo dos Santos of Angola is the richest African president with Net Worth of $20 million
Here is an update on the Poorest President In Africa this 2020
1. Muhammadu Buhari
has been dubbed the Poorest President In Africa with an estimated net worth of $150,000. Much has been debated about this because it’s unlikely that he is that poor due to his assets.
A report pegged his worth at N30 million in Naira and he has spent more than 4 years in power and won the 2019 presidential election in the country.
The reign of Buhari as president has been characterized by bloodshed, increased poverty levels and hike in the price of commodities according to Washington Post.
Some of the assets Buhari owns include five homes and two mud houses in his native home in Daura Local Government Area of Katsina State, Nigeria, an orchard and ranch with 270 head of cattle, 25 sheep, five horses, and poultry farms. All these he claims he got with his personal savings.
2. Idriss Deby
Idriss is another Poorest President In Africa with an estimated net worth of $50 Million. It’s funny how much an amount can be regarded as one being poor especially for a man who has stayed in power for 27 years and is still counting.
Idriss Deby is the president of Chad in Sub-saharan Africa and has been in power since 1990. This African leader has a record of human rights abuse, especially towards the opposition. No wonder he has remained in power for this long.
It is very hard for you to find an African president or head of state that is poor because once they occupy the highest seat in the land, they use public funds to enrich themselves at the expense of the masses that they govern.
For now, these are the two Poorest President In Africa we could research this 2020.