Why Tinubu should not be blamed for Nigeria’s economic hardship – Sanusi

0

 

Former Emir of Kano, Muhammadu Sanusi has stated that it would be unfair for him to criticise President Bola Tinubu over the country’s economic hardship.

Sanusi, however, blamed the immediate past administration of Muhammadu Buhari for its badly managed economic policies.

He averred that Buhari’s administration ignored his advice on how to take Nigeria out of its economic woes.

The Nation report that, Sanusi, a former governor of the Central Bank of Nigeria (CBN), spoke during a virtual religious event on Sunday, February 11.

He said Nigerians expecting him to speak about the country’s economic hardship deliberately wanted him to oppose the president.

“I have been talking about the impending crisis ahead of the current economic hardship,” Sanusi stated. Nigerians will find themselves in this challenging circumstance, as any economist who has studied monetary policy over the past eight years can attest.

“If the proper decision is not made, the difficult position that Nigerians are facing is just the beginning. Nigeria is not an anomaly; similar crises have also occurred in Germany, Zimbabwe, Uganda, and Venezuela”.

“Our request for corrective action (on the economic policy) was met with adamance by the previous administration.” In front of the current Kaduna state president, I have stated that you should not vote for a person who tells you that life will be easy because he is lying.

All they did was brush off my advice as a political stance.

The current suffering is not President Bola Tinubu’s fault, if I am to be fair and just. For eight years, we were living a false lifestyle while heavily indebted to both international and local creditors. With a debt of more than N30 trillion, the Central Bank of Nigeria’s debt service ratio is more than 100%.

“I am not claiming President Tinubu is a saint free from wrongdoing, but I can’t join other Nigerians in blaming him for the current economic suffering. President Tinubu is not to blame in this circumstance”. In the future, if I see any unwise economic policies implemented by the Tinubu administration, I will likewise speak out.

Leave a Reply