June 25, 2024

We dey leave plenty debt for Nigerian children – Sanusi


The dethroned Emir of Kano and former governor of the Central Bank of Nigeria (CBN), Lamido Sanusi has criticize President Muhammadu Buhari-led administration because of plenty debt wey dem leave for the future generation.

Sanusi yarn say hin dey worried about the next president of Naija wey go succeed Buhari over the critical economic conditions wey hin go inherit.

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He explain say the country economy dey tied to the oil and gas sector, and subsidy removal dey reduce the economy growth.

Na wetin Sanusi yarn be this: “In other words, debt service is now 108 per cent 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.

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