Sanusi Lamido Sanusi the former Governor of Central Bank of Nigeria (CBN), has taken President Muhammadu Buhari-led government to the cleaners. Sanusi, who also was former Emir of Kano lamented that Nigeria is in a big mess today because of the leadership of the country.
He said; “I am sad at the current economic and security situation in Nigeria. The country is in a deeper mess now than it was in 2015. In spite of the current mess, the present leadership expects to be rewarded with appreciation after leaving office. The levels of poverty, levels of insecurity, the rate of inflation, the unstable exchange rate, the lack of power should worry anybody.
“This is the only oil-producing country that is grieving at the moment when oil prices have gone up as a result of the Russia/Ukraine war. Our total revenue is not able to service our debt and if anybody does not understand that we are in a complete mess.
“We were in a deep hole in 2015 and between 2015 and now, we have been digging ourselves into a deeper hole. We thought we had a big problem in 2015 but 2015 is nothing, compared to what will happen in 2023. We have terrorism, banditry, inflation, unstable exchange rate, and the worst thing is that those in leadership actually think we are going to thank them when they leave office.”
“There is no change. There is no sense of urgency. If you are running a company and your sales revenue cannot pay interest, you know you’re bankrupt. When cannot the total revenue of the federal government service debt? These are the kinds of questions we need to ask and the reality is that there are so many Nigerians, who, given the opportunity will do well but they simply cannot contest in that space. Nigeria is in a mess because of the visionless leaders the country has.”
