- Muahammadu Lamido Sanusi,
//ONYEKA-AJUMOBI ONOCHIE//SHARE THIS
Former Emir of Kano and CBN Governor, Muahammadu Lamido Sanusi, has expressed concerns over the imminent curses Nigerian children will rain on us when we might have all gone, following the mountains of avoidable debts left behind for them by successive governments.
Sanusi who also expressed worries for the next president of Nigeria after President Muhammadu Buhari, expressed dismay that the incoming president would be burdened more with debt payment rather than concentrating on developmental strides.
Sanusi stated this in Kaduna, Saturday, while addressing notable politicians at a Kaduna investment programme titled “Building a resilient economy.”
He worried that the country’s economy has been tied to the oil and gas sector, even as subsidy removal is fast mitigating the economy’s growth.
Sanusi said: “In other words, debt service is now 108 percent of revenue. Every naira the Federal Government earns goes to service debt, and it is not even enough as the FG has to borrow to service the debt…and then begin to borrow to build roads, pay salaries and overheads.
“We are leaving a mountain of debt for our children. They (children) might curse us because we are taking all the money borrowed to subsidise petrol and enjoy it cheaply.
“We see the problem and we are going to continue. I’m sorry for the next president who comes in May and says I’m removing fuel subsidy after day one.”
Sanusi, therefore, prayed for the right steps to be taken, so as to overcome the debt conundrum, and probably overcome the imminent curses from our children./SHARE THIS
- Tags: Muhammadu Lamido Sanusi, PMB
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