Emir Kano Sanusi Lamido

I’m sorry for our next president – Lamido Sanusi

The former Emir of Kano, Lamido Sanusi, has expressed his concern for the next president of Nigeria after the incumbent President Muhammadu Buhari.

Sanusi made this remark in Kaduna, Saturday while speaking to notable political actors at a Kaduna Investment programme titled “Building a resilient economy.”

The former Governor of Central Bank of Nigeria, CBN revealed that the economy of the country has been connected to the oil and gas sector, and the removal of subsidy is fast mitigating the development and growth of the economy.

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 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 June and says I’m removing fuel subsidy after day one.”

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