The Emir of Kano, Mallam
Muhammadu Sanusi II, on Thursday stated that Nigeria’s economic growth and
development, is being hindered by the emergence of those he tagged as
“briefcase billionaires”.
Sanusi said this while speaking
at the end of a three-day Northern Regional Conference on Security, Justice and
Development: Effective implementation of intervention measures’.
The former apex bank boss said
when people get wealth they did not work for, “what follows would be disastrous
for the nation.”
“When people just get wealth they
didn’t work for, what that signifies was that, many injustices were permeating
round many quarters of the society, meaning there is something wrong in the
system that was put in place for a very long time of our national history.”
He added: “How many of our
briefcase billionaires can show you their business plants and the number of
people they employ in their companies? The companies are non-existent in the
first place. So, what are we talking about?”
Sanusi made it clear that the
more the society produces briefcase billionaires, the more the masses would get
more impoverished.
“We need to build an economy that
looks at people; not that which further creates gaps, unimagined gaps between
people. You cannot call this capitalism either. It is through such kind of
arrangements that end up in creating an insecure society. We all created the
insecurity we are suffering from. Justice is one of the key and fundamental
issues that can address our predicaments,” he said.
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