FCT, Abuja – The federal government of Nigeria on Thursday morning, January 16, said it does not need Muhammadu Sanusi II, Emir of Kano’s stamp of approval “for our laudable policies”.
Legit.ng had reported that Sanusi declared his unwillingness to provide insights or solutions to Nigeria’s economic challenges.
The former Central Bank of Nigeria (CBN) boss stated that while the nation’s current economic situation was foreseeable and possibly avoidable, he has deliberately refrained from addressing it.
He attributed his decision to a reluctance to assist the government, expressing dissatisfaction with the administration’s conduct.
Nigerian govt dissatisfied with Sanusi’s statement
But reacting, the Nigerian government, through Mohammed Idris—the minister of information and national orientation—said in a statement that President Bola Tinubu is taking “bold and decisive actions”.
The FG said:
“The temporary pains currently experienced from these inevitable decisions, as Sanusi himself acknowledged, are a “necessary consequence of decades of irresponsible economic management” more than anything else.
“These reforms are already delivering measurable progress. The unification of exchange rates has bolstered investor confidence, which has contributed to increased foreign reserves and strengthened Nigeria’s ability to shield itself from external economic shocks. The removal of the fuel subsidy has freed up significant resources, allowing for greater investment in critical sectors such as infrastructure, education, and healthcare. Projections from respected institutions, including the World Bank, show an upward trajectory in Nigeria’s GDP, signaling that our economy is firmly on the path to recovery.”
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The government, therefore, urged the Emir to “rise above personal interests and partisan undertones and prioritize the greater good of Nigerians”.
Additionally, the FG maintained that the Tinubu administration’s mission is to lead te country towards economic inclusivity, sustainability, and shared prosperity.
It said:
“The challenges we face demand courage and collective effort, not divisive narratives. This administration is open to constructive dialogue with all well-meaning stakeholders while remaining steadfast in putting the interests of Nigerians above all else.”
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Earlier, reported that President Tinubu assured Nigerians that 2025 will bring about economic recovery and prosperity following a challenging 2024.
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Source: Legit.ng