Emir of Kano, Muhammadu Sanusi II, has expressed concerns over the absence of credible individuals within President Bola Tinubu’s administration to effectively communicate its economic policies. At the 21st Memorial Lecture of Chief Gani Fawehinmi held in Lagos on Wednesday, the former governor of the Central Bank of Nigeria stated that the government lacks reliable figures who can adequately explain its actions to the public.
“I don’t want to help this government. They’re my friends, but if they don’t act like friends, I won’t act like one either. They don’t have credible people who can step up and explain what they’re doing. I refuse to assist them,” Sanusi remarked.
He further stated that while he could offer insights into the current economic crisis in Nigeria, including whether it was predictable or avoidable, he had chosen to refrain from commenting on the nation’s economic situation. “I’ve decided not to speak about the economy,” he concluded.
Sanusi’s remarks came in the wake of his ongoing critique of the challenging economic conditions under President Tinubu’s leadership in 2024. He emphasized that the nation is grappling with severe hardships, with ordinary Nigerians struggling to cope with soaring food prices. “People are in a dire situation,” he lamented, adding that many are now forced to buy just half a pepper due to the high cost of food. “This is unbearable.”
Since President Tinubu’s controversial removal of fuel subsidies and the unification of the exchange rate, the nation has witnessed dramatic price hikes. Fuel prices have soared to N1,000 per liter, and the naira now trades at over N1,500 to the US dollar. Inflation has exceeded 34%, further exacerbating the financial strain on the population. These developments sparked a 10-day protest in August 2024, as Nigerians voiced their frustration.
Despite the ongoing economic struggles, President Tinubu has defended his policies, claiming that the hardships faced by citizens are necessary sacrifices for a better future.
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