Just In: Sanusi Speaks About Economy Amid Reports of Reinstatement As Emir of Kano
- Muhammadu Sanusi II has explained how President Bola Tinubu's government did not contribute to the current economic crisis in Nigeria
- At a public function in Port Harcourt on Thursday, May 23, Sanusi II maintained that Nigeria's economic recovery will take time
- The former CBN governor noted that the economic mismanagement of the last 10 years cannot be undone in just six months or one year
Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements.
A former Central Bank of Nigeria (CBN) governor and the 14th Emir of Kano, Muhammadu Sanusi II, has said that it will take a while for the Nigerian economy to bounce back from 10 years of mismanagement.
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He said realistically, it will take more than six months or one year to undo the economic mismanagement of the last ten years.
As reported by Channels TV, the former CBN governor spoke at the 2024 Rivers State Economic and Investment Summit at the Obi Wali International Conference Centre in Port Harcourt, the state capital, on Thursday, May 23.
“The decision to centre governance around economic development through investment promotion is a very thoughtful and great decision by the government of Rivers state.
“This is more so because the reform of an economy whether state or the federation at large requires difficult decisions, it involves policies that will be painful and unpopular which usually don’t go down well with the politicians.
“But that is the only way to guarantee a better future for the people. At this point it is important for us as Nigerians to be realistic, the mismanagement of the last ten years will not be undone in six months or one year,” Sanusi said.
Sanusi II made this statement amid reports of his reinstatement as the Emir of Kano.
His reinstatement came four years after his dethronement. In March 2020, Abdullahi Ganduje, former governor of Kano, deposed Sanusi as Emir of Kano “for total disrespect to lawful instructions from the office of the governor”.
Sanusi is expected in Kano on Friday, May 24, where he will be presented with a new staff of office.
Muhammadu Sanusi II visits Rivers state
Meanwhile, earlier in the day, Sanusi II departed Lagos to Rivers to attend the oil-rich state's economic and investment summit, where he was the keynote speaker.
Sanusi posted a video on his verified X (formerly Twitter) page that showed him with his entourage.
At the time of this report, he had arrived in Rivers state and was received by Governor Siminalayi Fubara.
Proofreading by Nkem Ikeke, journalist and copy editor at Legit.ng.
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