Why I won’t help Tinubu’s govt on economy – Emir Sanusi | READ FULL DETAILS

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Why I won’t help Tinubu’s govt on economy – Emir Sanusi | READ FULL DETAILS

As president Bola Tinubu’s administration battles with a staggering economy, the Emir of Kano, Muhammadu Sanusi, who seem to have a solution, has said he will not help.

Speaking on Wednesday, January 15, at the Memorial Lecture of Chief Gani Fawehinmi, in Lagos state, Sanusi, a onetime governor of the Central Bank of Nigeria, CBN, said he will not aid the present administration on economy nor reform.

In his words;

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“I have decided not to speak about the economy or the reforms, nor to explain anything regarding them. If I explained, it would only benefit this government, and I don’t want to aid this government”.

“I choose not to help this government. You see, they are my friends. If they fail to act like friends, I will not act like one,”

“I choose not to help this government. You see, they are my friends. If they fail to act like friends, I will not act like one,” Emir Sanusi said, explaining his decision.

“I observe their actions, and they lack credible individuals who can effectively explain their policies. However, I’m not here to assist (them). I began by offering support, but I’ve decided to stop.

“I will not discuss the matter any further. Let them come forward and explain to Nigerians why the policies they have pursued have been implemented. Meanwhile, I am enjoying a nice movie with popcorn in hand.

“I will say one thing. What we are going through today is at least in part, not totally, at least in part, a necessary consequence of decades of irresponsible economic management,”.

“People were warned decades ago that if they continued down this path, this is where they would end up. They chose not to listen.

“Is everything being done today, correct? No.”

Recall that Emir Sanusi was deposed four years ago by the then Kano state Governor, Abdullahi Ganduje, who is currently the National chairman of the ruling APC.

He was however, returned to seat in 2024.

Meanwhile, the FG, has responded to the statement made by Sanusi.

The FG in a statement issued on Thursday, by Mohammed Idris, Minister of Information and National Orientation, said;

 

“The Federal Government notes the recent remarks by His Highness, Emir Muhammadu Sanusi II, regarding the economic reforms introduced under President Bola Ahmed Tinubu’s administration, at a public event in Lagos. We note the emir’s acknowledgement of the noble initiatives which, he said; he could explain away but for his decision “not to help the government.”

“First, we acknowledge that Sanusi, and indeed any Nigerian, has the inalienable right to express an opinion either in form of commendation or criticism on how the government is being ran. However, we find it amusing that a leader, more so one from an institution that ennobles forthrightness, fairness, and justice would publicly admit to shuffling off saying the truth because of personal interest hinged on imaginary antagonism.

 

“It is pertinent to state that Nigeria is at a pivotal juncture where bold and decisive actions are necessary to tackle entrenched economic challenges. This administration has implemented transformative reforms not because they are easy, but because they are essential for securing Nigeria’s long-term stability and growth, as Emir Sanusi had consistently advocated.

 

“The temporary pains currently experienced from these inevitable decisions, as Sanusi himself acknowledged, are a “necessary consequence of decades of irresponsible economic management” more than anything else.

 

“These reforms are already delivering measurable progress. The unification of exchange rates has bolstered investor confidence, which has contributed to increased foreign reserves and strengthened Nigeria’s ability to shield itself from external economic shocks.

 

“The removal of the fuel subsidy has freed up significant resources, allowing for greater investment in critical sectors such as infrastructure, education, and healthcare. Projections from respected institutions, including the World Bank, show an upward trajectory in Nigeria’s GDP, signaling that our economy is firmly on the path to recovery.

“Additionally, by addressing inefficiencies, the country has reduced its debt service-to-revenue ratio, creating a more sustainable fiscal framework for future generations.”

 “It is deeply disappointing that reforms widely recognized as essential by global experts—including by Emir Sanusi II himself—are now being subtly condemned by him because of shift in loyalty. His Highness, given his background in economics, has a unique responsibility to contribute constructively rather than undermine reforms aimed at collective progress because he feel estranged from his “friends” in government.”