The Traffic

*Sanusi Lamido Speaks Truth to Power: Tinubu's Economic Reforms Are Nigeria's Only Hope*

In a candid and unflinching assessment, former Emir of Kano, Muhammadu Sanusi, has declared that President Bola Tinubu cannot be held accountable for Nigeria's current economic hardship. Speaking at a virtual religious event, Sanusi emphasized that the nation's economic woes are a direct result of the previous administration's reckless policies and unsustainable debt practices.

*The Legacy of Economic Mismanagement*

Sanusi revealed that Nigeria's foreign and domestic debts had reached alarming levels since 2012, with the Central Bank of Nigeria owing over N30 trillion. This staggering debt burden has led to debt service surpassing 100%, further exacerbating the country's economic struggles. The former CBN governor attributed this mismanagement to the previous administration's refusal to heed sound economic advice.

*A Necessary Evil: Fuel Subsidy Removal*

Sanusi praised President Tinubu's decision to remove fuel subsidies, describing it as a necessary measure to save Nigeria from the bondage of debt. He emphasized that there was no alternative to this policy, given the country's inability to afford the subsidy. By removing the subsidy, Tinubu's administration has taken a crucial step towards stabilizing the economy.

*A Call to Endure Hardship*

While acknowledging the difficulties faced by Nigerians, Sanusi urged the populace to endure the hardship and for those who have the means to help the less fortunate to do so. He also counseled people to live within their means, cautioning against pegging their lives above their earnings.

*The Path Forward*

Sanusi's words serve as a clarion call for Nigerians to understand the gravity of their economic situation and the need for reforms. By adopting prudent economic policies and avoiding unsustainable debt practices, Nigeria can navigate its way out of this crisis and build a more stable economic future ¹.