By Bolaji Peters (SIWES student, Polytechnic Iresi)
Former CBN Governor, Sanusi, rebuffs claims linking President Bola Tinubu’s administration to Nigeria’s current economic woes.
Sanusi asserts that the country’s economic predicament stems from years of mismanaged policies, not solely from the present government’s actions.
He underscores the accumulation of economic challenges over the past eight years and compares Nigeria’s situation to other nations facing similar crises.
Sanusi highlights the unsustainable fiscal practices, citing Nigeria’s staggering debt and excessive currency printing by the Central Bank.
He deems blaming the Tinubu administration unjust, attributing the economic turmoil to systemic issues like fuel subsidy removal and currency depreciation.
Sanusi criticizes the lack of prudent economic management and calls for enduring the hardships while urging assistance for the vulnerable.
The removal of subsidies exacerbates the economic strain, leading to protests in various states over escalating food and drug prices.
