Former Emir of Kano, Muhammad Sanusi II, has warned that if Nigeria continues with the current trend of doing things in 2023, the country should expect a plunge in the worst insecurity like the situation in Mali and Burkina Faso.
According to him, it will be tough for the next president who will succeed President Muhammadu Buhari in 2023 due to the present negative state of the economy.
Sanusi’s caveat as a guest speaker during the 7th edition of Kaduna Economic and Investment Summit (KadInvest7.0) held in Kaduna yesterday is coming just as presidential candidates of the All Progressives Congress (APC), Bola Ahmed Tinubu; Peoples Democratic Party (PDP), Atiku Abubakar, and Labour Party, Peter Obi, reeled out their plans for Nigerians on security and the economy.
Sanusi advised those who would win elections in 2023 to take unpopular decisions once they enter office to salvage the economy.
The former Emir said the situation where by the cost of servicing debt in Nigeria is more than revenue generation cannot be sustained.
Sanusi II also called for the disbandment of the Nigerian National Petroleum Company Limited (NNPCL)
The former governor of the Central Bank of Nigeria stated: “Nigeria has continued to be a rentier state. It does not exist for development but as a sight of rent, and extraction to make those who control the state rich and turning into billionaires overnight.
“In 2023, if we have an election, we cannot continue to have the trend because any continuation will lead to insecurity and might get us to Mali, Burkina Faso’s situation. We can’t keep towards pushing the brink; we have to come back.”
Sanusi who is also the vice chairman of Kaduna Investment Promotion Agency commended the successful implementation of the Treasury Single Account (TSA), noting that the Kaduna State government has shown leadership.
“Once you start thinking of how you will win your second term, that is the beginning of your problem,” he added.
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