Fresh controversy has emerged in Nigeria’s political space after the Emir of Kano, Muhammadu Sanusi II, publicly questioned the economic direction of President Bola Tinubu’s administration.
Sanusi, a former governor of the Central Bank of Nigeria, raised concerns over the federal government’s continued borrowing despite the removal of fuel subsidy, a policy he had previously supported...READ THE FULL ARTICLE HERE .
Sanusi Raises “Major Question” on Tinubu’s Policies
Speaking at a recent event, Sanusi did not hold back as he asked why the government is still taking loans after scrapping fuel subsidy, a move expected to ease financial pressure on the country.
According to him, the subsidy removal was necessary because Nigeria had been using a large chunk of its revenue to service debt. However, he stressed that Nigerians should now begin to see tangible results, especially in infrastructure and development, not increased borrowing.
His remarks come amid growing concerns about the country’s economic direction, rising cost of living, and mounting debt profile.
Background: Subsidy Removal and Economic Impact
Recall that President Tinubu announced the removal of fuel subsidy during his inauguration on May 29, 2023, a decision that led to a sharp increase in fuel prices nationwide.
While the federal government has introduced some interventions, including wage adjustments, many Nigerians continue to feel the economic strain.
Nigerians React as Debate Intensifies
Sanusi’s latest comments have triggered mixed reactions across the country. While some Nigerians agree with his stance and are demanding accountability, others believe the government needs more time to implement reforms.
On social media, several users questioned whether the benefits of subsidy removal are being felt, with some alleging that ongoing projects have stalled despite increased borrowing.
Growing Tension Over Economic Direction
This is not the first time Sanusi has criticised the current administration. Known for his outspoken views on economic management, the former CBN governor has consistently called for transparency and fiscal discipline.
With public scrutiny increasing and economic hardship still biting, his latest statement has added fuel to an already heated national conversation.
Why this matters:
Sanusi isn’t just any critic, he understands Nigeria’s financial system deeply. When someone like him questions government borrowing, it signals a bigger issue: Nigerians want to see results, not just policies.
If Tinubu’s reforms don’t start translating into visible improvements soon, expect more voices, and louder ones,to join this conversation.
