Sanusi Indicts Buhari, Says Nigerians Have No Choice, But To Be Patient with Tinubu
Former Emir of Kano, Muhammad Sanusi has said the time is not yet ripe to criticize Bola Tinubu administration’s economic policies.
According to the former Governor of the Central Bank of Nigeria (CBN), Nigeria under Buhari administration lived a false life, resorting to indiscriminate borrowing within and outside the country.
Sanusi in a video message to Nigerians, advise Nigerians to be patient because the Tinubu administration did not create this crisis in the economy.
The former Emir said the Tinubu administration could not pay any subsidies for now because there is no revenue to pay it.
Sanusi explained that if Tinubu directed the CBN print more naira notes now, the exchange rate of the naira would hit N1,500.
The former CBN governor accused Buhari of shunning the advice of experts and listened to sycophants who exploited the system.
He cited the borrowing of N30 trillion from the central bank of Nigeria by the Buhari administration.
Sanusi said the situation reached a critical level that all revenue generated by the Buhari administration was not up to the debt service charge.
He said this forced Buhari to resort to another round of borrowing to service the mounting debts.
Sanusi said, “It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than removal of the fuel subsidy. After all, Nigeria cannot even afford to pay the subsidy.”
He added: “I can only plead with the people to endure the hardship, and those who have the means to help the downtrodden should do so.
“I am also pleading with commoners to live according to their earnings; we must not peg our lives above our earnings in this difficult situation where people are looking for what to eat.”