Emir of Kano, Muhammadu Sanusi II, has urged the Economic Community of West African States (ECOWAS) to pursue reconciliation with Niger, Mali and Burkina Faso. Sanusi made the call at a public lecture organised by the National Institute for Legislative and Democratic Studies (NILDS) on Thursday in Abuja. The lecture was titled: “ECO Currency and Monetary Integration in West Africa: Implications for Nigeria.” Sanusi said the withdrawal of the three Sahel countries had weakened regional integration, security cooperation and economic opportunities across West Africa. He described Niger as a strategic…
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“Govt. borrowing billions to fix infrastructure problems” — Presidency replies Sanusi
Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has said the Federal Government is borrowing billions of dollars to fund critical infrastructure projects across the country. Bwala made the comment while reacting to remarks by the Emir of Kano, Muhammed Sanusi, who noted that Nigeria requires between $30 billion and $100 billion annually to address its infrastructure deficit. In a post on 𝕏, Bwala stated: “Your Royal Highness, we are simply borrowing to invest in the most important areas of our economy, with infrastructure being the most…
Read More“Why are we still borrowing if we”re not paying subsidy?” – Sanusi challenges FG
…As Akpabio defends debt strategy A growing debate over Nigeria’s fiscal direction has intensified, with the Emir of Kano, Sanusi Lamiɗo Sanusi, questioning the Federal Government’s continued reliance on borrowing despite the removal of petrol subsidy, while Senate President Godswill Akpabio insists the country’s debt remains within sustainable limits. Sanusi, a former governor of the Central Bank of Nigeria (CBN), raised concerns about what he described as inconsistencies in Nigeria’s fiscal management, asking why borrowing persists even after the elimination of a major expenditure burden. Speaking in an interview, he…
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