Muhammadu Lamido Sanusi II, 14th Emir of Kano, has exposed the avoidable missteps that riddled the eight years mal administration of former President Muhammadu Buhari reign as leader of the country. The level of corruption and degeneration of that epoch, according to him, was corroborated by the purchase of a private jet by an inexperienced boy who never worked in his life.
Sanusi, in a video message to Nigerians , called for patience while insisting that Buhari refused to listen to expert advice but hobnobbed with incompetent sycophants.
The former Central Bank of Nigeria, CBN Governor said: “The last eight years, Nigeria led a false life, the government borrowed from within and without. About N30 trillion was borrowed from the Central Bank.
“All the revenue the country generated in the last few years couldn’t service debt. Debt service exceeded 100 per cent. Government borrowed to service debts. No country can grow this way. Time will come when one cannot borrow any more. Additionally there will be nothing to pay debts.
“Those writing, demanding that we speak on the current situation in the country; this is not the right time for me to speak. It was like a driver on the road driving recklessly despite a wise counsel telling him of a crater ahead. What will you tell after plunging the car into the hole?
“People refused to listen to us then. We will only now advise them to be patient. I will never say Tinubu has pushed Nigeria into difficulty. I am not saying he is flawless or flawed. We will speak when he goes astray. The government can’t pay subsidies since it doesn’t have the means.
“If they add tax, we have to pay since borrowing is impossible. If the CBN printed more naira, the dollar would jack up to N1,500. We must suffer. When I was the CBN governor it was N150. Today it’s somewhere around N900.
“They treated the economy the way they wanted and refused to listen to experts. In the last eight years only sycophancy succeeded. The sycophants bought dollars at N400 and sold N540. An inexperienced boy who had never worked anywhere owns a private jet,” Sanusi declared in the message underlying how corruption thrived under the Buhari administration.
