Former CBN governor & 16th Emir of Kano, Muhammadu Sanusi II has criticized the FG for continued borrowing despite removing fuel subsidy.
Speaking at the Oxford Global Think Tank Leadership Conference in Abuja, Sanusi said the subsidy removal had already increased revenue & questioned why the Bola Tinubu administration was still taking loans.
He praised the removal of fuel subsidy & exchange rate unification as “painful but necessary,” but warned that reckless spending could erase the gains. “If you stop paying subsidies but continue borrowing, it means you’ve filled one hole only to dig another,” he said.
Sanusi blamed the nation’s economic woes on years of poor fiscal management & populist policies. He urged the government to cut waste, asking, “Why do we need 48 ministers & long convoys?”
He also condemned the culture of praise-singing in governance, noting that sycophancy prevents leaders from hearing the truth. According to him, leaders must seek honest advisers rather than those who flatter them.
Speaking at the Oxford Global Think Tank Leadership Conference in Abuja, Sanusi said the subsidy removal had already increased revenue & questioned why the Bola Tinubu administration was still taking loans.
He praised the removal of fuel subsidy & exchange rate unification as “painful but necessary,” but warned that reckless spending could erase the gains. “If you stop paying subsidies but continue borrowing, it means you’ve filled one hole only to dig another,” he said.
Sanusi blamed the nation’s economic woes on years of poor fiscal management & populist policies. He urged the government to cut waste, asking, “Why do we need 48 ministers & long convoys?”
He also condemned the culture of praise-singing in governance, noting that sycophancy prevents leaders from hearing the truth. According to him, leaders must seek honest advisers rather than those who flatter them.
Former CBN governor & 16th Emir of Kano, Muhammadu Sanusi II has criticized the FG for continued borrowing despite removing fuel subsidy.
Speaking at the Oxford Global Think Tank Leadership Conference in Abuja, Sanusi said the subsidy removal had already increased revenue & questioned why the Bola Tinubu administration was still taking loans.
He praised the removal of fuel subsidy & exchange rate unification as “painful but necessary,” but warned that reckless spending could erase the gains. “If you stop paying subsidies but continue borrowing, it means you’ve filled one hole only to dig another,” he said.
Sanusi blamed the nation’s economic woes on years of poor fiscal management & populist policies. He urged the government to cut waste, asking, “Why do we need 48 ministers & long convoys?”
He also condemned the culture of praise-singing in governance, noting that sycophancy prevents leaders from hearing the truth. According to him, leaders must seek honest advisers rather than those who flatter them.
0 Comments
·0 Shares
·86 Views
