Ibrahim Shuaibu in Kano
The Emir of Kano, Alhaji Muhammad Sanusi II, has stated that the inconsistency of the country’s economic policies by successive governments is what has plunged the nation into unprecedented hardship.
He noted that if President Muhammadu Buhari did not act fast in terms of its economic policies, his administration might end up the way of ex-president Goodluck Ebele Jonathan.
Sanusi insisted that Nigeria has to retrace its step in terms of economic policies.
He also cautioned Buhari over the activities of those he described as voodoo economists at the corridors of power.
The emir spoke in Kano on Wednesday at Tahir Guest Palace at a lecture delivered during 15th Joint Planning Board (JPB) and National Council on Development Planning organized by the Federal Ministry of Budget and National Planning in collaboration with Kano State government entitled Nigeria: The Search for a New Growth Model.
According to him, the current economic policy and its inconsistency does not favour business and investment in the country.
Sanusi also advised the Federal Government to copy from Lagos in terms of formulating policies that can boost trade, business and attract investors, adding that the Lagos example can bail the country from its current economic woes.
He decried over-dependence on oil, pointing out that more investment in agriculture, power sector, manufacturing and infrastructural development as well as attractive incentives to investors will enhance the growth of the nation’s economy.