Former Central Bank of Nigeria (CBN) governor, Mohammed Sanusi, has redirected the blame for the country’s economic hardship from President Bola Tinubu to his immediate predecessor, Muhammadu Buhari, citing mismanagement of economic policies during the previous administration.
Sanusi, the former Emir of Kano, outlined the failure of the immediate past administration to adequately manage economic policies, saying that President Buhari disregarded important advice on handling its economic challenges.
He stated, “I have been, over the years, talking about the pending crisis ahead of the current economic hardship.
Any economist who has studied monetary policy in the last eight years knows that Nigerians will fall into this difficult situation.”
Sanusi pointed out that the previous administration’s reluctance to notice corrective measures worsted the economic challenges, leading to the current hardships faced by Nigerians.
Sanusi said that the blame should be directed towards the mismanagement of the economy by the previous administration.
“It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy,” Sanusi said.
He urged Nigerians to endure the hardship while calling on those with the means to assist the less privileged during these trying times.
Sanusi’s remarks highlight the complexities of Nigeria’s economic challenges and underlined the importance of economic management to handle future hardships.
Sanusi’s call for endurance and careful financial habits, highlight the need for collective efforts to overcome economic challenges.