The Digest:
The 16th Emir of Kano, Muhammadu Sanusi II, has issued a stark warning that the Federal Government's economic reforms will fail to benefit ordinary Nigerians unless accompanied by a drastic reduction in the cost of governance. According to Linda Ikeji's Blog, the former Central Bank Governor commended President Tinubu's subsidy removal but questioned the spending of the resulting revenue, directly challenging the necessity of 48 ministers, long convoys, and endless official travels.
Key Points:
- Emir Sanusi II warned that economic reforms will fail without cutting governance costs.
- He commended President Tinubu's courage in removing the fuel subsidy.
- The former CBN governor expressed concern over how new revenue is being spent.
- He recalled that opposition to a similar move in 2012 led to today's greater pain.
- Sanusi defended the current Naira exchange rate as providing needed certainty.
- He identified a bloated government structure as the core, unchecked problem.
- He directly questioned the need for 48 ministers and expensive official protocols.
Sources: Arise Tv
