Kano Emir, Sanusi, warns Buhari on economic pitfalls
The Emir of Kano, Alhaji Muhammadu Sanusi II, has warned President Buhari to avoid fiscal missteps that dogged the administration of his predecessor, Jonathan.
He urged the President to beware, persons, he described as ‘voodoo’ economists parading the corridors of power and churning out policies capable of perpetuating poverty.
He said current economic indices hinted there was serious trouble ahead for the polity, unless policies were well articulated to bring the nation out of recession.
Sanusi spoke in Kano at the ongoing 15th meeting of the Joint Planning Board and National Council on Development Planning, organised by the Federal Ministry of Budget and Planning.
“We have found it extremely difficult to attract foreign investment in the country because of our inconsistent policies. No foreign investor would come to the country with the hope of putting money in our economy when he is aware that a court judgment could upturn an agreement at any time.
“Our government must make it a point of duty to respect contractual agreements. We must be transparent and follow a clearly stated and mutual document. Government must give incentives to foreign investors for importation of raw materials and equipment. By so doing, government would create job opportunities and further enhance economic growth,” the former Governor of the Central Bank of Nigeria added.
Sanusi, who blamed terrorism in the North and agitations in the Niger Delta on defective economic policies by successive administrations, called on the Buhari government to minimise faultfinding and face reality.