Former Emir of Kano, Muhammadu Sanusi, said it would be unfair for him to criticise President Bola Tinubu over the country’s economic hardship Nigerians.
Mr Sanusi, a former governor of the Central Bank of Nigeria (CBN), speaking during a virtual religious event on Sunday, said Nigerians who expected him to speak about the economic hardship deliberately wanted him to oppose the president.
He explained that he had to deviate from the religious theme of the event to remind Nigerians about his stands on the badly managed economic policies of the immediate past administration of Muhammadu Buhari.
He said the Buhari administration ignored his advice on how to take Nigeria out of its economic woes.
Mr Sanusi said economists with a fair sense of reasoning know that the current administration has made the right decision (fuel subsidy removal) to save Nigeria from the bondage of debts dug by the past administration.
“I have been, over the years, talked about the pending crisis ahead of the current economic hardship. Any economist who has studied monetary policy in the last eight years knows that Nigerians will fall into this difficult situation.
“The difficult situation Nigerians are facing is just the beginning (if the right decision is not put in place) because Nigeria is not exceptional; such situations happened in Germany, Zimbabwe, Uganda, and Venezuela.
“If I am to be fair and just to President Bola Tinubu, he is not to blame for the current hardship; for eight years, we were living on a fake lifestyle with huge debt from foreign and domestic debts. The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service surpassing 100 per cent.
“I can’t join other Nigerians criticising Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed.”
Credit: premiumtimesng.com
