The Digest:
Emir of Kano Muhammad Sanusi II has expressed strong but conditional support for President Tinubu’s economic policies, endorsing 80% of the administration's direction.
Key Points:
- Sanusi praised the government for stabilizing the economy and improving monetary policy coordination.
- He specifically commended the rise in revenue-to-GDP and the contraction of the budget deficit.
- His main critique targeted the high cost of governance, "too many political appointees," and inefficient spending.
- He warned that without controlling expenditure, Nigeria risked falling back into a debt trap.
- Sanusi described the policy of mass food importation as "counterproductive" to domestic agriculture.
- He urged a focus on fixing the agricultural value chain to achieve sustainable food security.
- Despite his reservations, he concluded the government is "on the right path."
Sources: Vanguard
