The deposed Emir of Kano, Lamido Sanusi, has said he is
concerned for the next president of Nigeria after President Muhammadu Buhari.
Sanusi stated this in Kaduna on Saturday while addressing
notable politicians at a Kaduna Investment programme titled “Building a
resilient economy.”
He explained that the country’s economy has been tied to the
oil and gas sector, and subsidy removal is fast mitigating the economy’s
growth.
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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