Emir Sanusi Discusses Economic Reforms Under President Tinubu

The Emir of Kano, Muhammadu Sanusi II, spoke on Tuesday in Abuja about the economic reforms of President Bola Tinubu. He urged the government to listen to constructive criticism instead of viewing all comments about poverty as attacks on the president.

Speaking virtually at the Oxford Global Think Tank Leadership Conference, Sanusi highlighted concerns over Nigeria’s government spending. He noted that the World Bank reported that Nigeria’s debt service consumed more than the total federal revenue in the first half of this year. He stressed the need for the government to manage its debt and implement structural reforms.

Sanusi emphasized that reforms should go beyond just removing fuel subsidies and changing the exchange rate. He argued that the government must prioritize spending on essential areas like roads, electricity, agriculture, and technology based on available resources.

Despite his concerns, Sanusi acknowledged some positive changes under Tinubu’s administration. He pointed out that Nigeria’s GDP growth has increased from an average of 0.9% to 4.5%. He also noted a drop in inflation from over 30% to 14.6%, with expectations of further decline next year. Additionally, foreign reserves have risen to $55 billion.

However, Sanusi highlighted that issues like poverty, hunger, and healthcare still need attention. He called for social safety net policies to support vulnerable Nigerians affected by the reforms. He also advocated for greater inclusion of women in governance, stating that their perspectives are crucial for addressing issues like maternal health and child development.

Sanusi urged a shift from an ‘us-versus-them’ mentality, encouraging both the government and citizens to work together as partners. He concluded by stating that focusing on improving power supply, boosting agriculture, and investing in technology could significantly enhance economic growth.