News

REVEALLED: What Sanusi Told Tinubu on Subsidy Removal, Currency Float

Former Emir of Kano, Muhammad Sanusi II, has commended President Bola Ahmed Tinubu on the decision to remove petrol subsidy and end the multiple exchange rate regimes.

Sanusi, who has also served as the governor of the Central Bank of Nigeria (CBN), spoke to journalists on Thursday, after meeting with the president at the Villa.

According to the seasoned economist, the meeting was to show solidarity with the the president for the recent moves in reviving the economy.

“The first reason was to come and congratulate him formally, but also because I wear many caps, I wear the cap of an economist so I came to thank him for the steps he has taken to put this economy on course,” Sanusi said.

“As you know, many of the issues that we’ve talked about; the subsidy that has caused a haemorrhage on the fiscal, the multiple exchange rates regime and on.

“These are issues that I have personally been talking about for a long time and I’m happy that on his very first day, he addressed these issues and the markets are happy.”

Sanusi stated that it is important to give government feedback when they do the right things and not wait to complain when wrong things happen.

Speaking further on the outcome of his meeting, Sanusi said Tinubu promised that the federal government will take a closer look at the Airforce raid that killed at least 37 herders in Nasarawa earlier this year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button