Again, Lamido Sanusi Asks Nigerians to Blame Buhari, Not Tinubu for the Economic Hardships

A former Emir of Kano, Alhaji Mohammed Sanusi has again defended the Tinubu administration on its economic policies in the face of current economic hardships.

Sanusi, a former governor of the Central Bank of Nigeria (CBN), asked Nigerians to blame the Buhari administration, not Tinubu for the current economic hardships.

Speaking at a religious event in Abuja, Sanusi recalled that for the past eight years, he had been telling those who cared to listen that about the looming economic crisis.

According to him, any economist who studied monetary policy in the last eight years knows that the Nigerian economy could reach the present level.

He said for eight years, the CBN was illegally printing money for the Buhari administration resulting in many naira notes in circulation which destroyed the integrity of the naira.

He added that it would amount to injustice to blame the Tinubu administration for the sorry state of the economy today because there was no alternative to the removal of the petrol subsidy.

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I can’t join other Nigerians criticizing 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.

I will also speak if I see any wrong economic policy of the Tinubu administration in the future.

It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy.

After all, Nigeria cannot even afford to pay the subsidy. In the last eight years, the Central Bank continued to print more money, and the Naira continued to depreciate.

There is too much naira in circulation because the CBN is printing the currency without restraint.

The economy was poorly managed, and they are not willing to take advice; in the last eight years, apart from sycophancy, nothing has been done; those sycophants are those buying the dollar at the rate of N400 and selling it at the rate of N600 to N700.

A boy who has no record of service has a private jet and owns houses in Dubai and England just because he is buying dollars at so a rate and selling them.