The Federal Government has dismissed the need for validation from the Emir of Kano, His Highness Muhammadu Sanusi II, regarding its economic policies.
This was conveyed in a statement by the Minister of Information and National Orientation, Mohammed Idris, following remarks by the Emir critiquing the administration’s handling of the economy.
At the 21st Memorial Lecture of Chief Gani Fawehinmi in Lagos, the Emir, a former governor of the Central Bank of Nigeria (CBN), expressed disinterest in advising President Bola Tinubu’s government.
He criticized the administration for its perceived lack of expertise and transparency in implementing economic reforms.
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“I have chosen not to speak on the economy or reforms because if I explain it, it will help this government,” Sanusi stated. “Let them come and explain to Nigerians why they are pursuing the policies that they are pursuing.”
Reacting to these comments, Minister Mohammed Idris described the Emir’s stance as disappointing and rooted in personal grievances.
The Minister emphasized that the administration’s reforms, though challenging, are vital for Nigeria’s economic recovery.
“It is deeply disappointing that reforms widely recognized as essential by global experts—including by Emir Sanusi II himself—are now being subtly condemned by him because of a shift in loyalty,” the statement read.
“These reforms are already delivering measurable progress. The unification of exchange rates has bolstered investor confidence, which has contributed to increased foreign reserves and strengthened Nigeria’s ability to shield itself from external economic shocks.”
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“The removal of the fuel subsidy has freed up significant resources, allowing for greater investment in critical sectors such as infrastructure, education, and healthcare.”
“Projections from respected institutions, including the World Bank, show an upward trajectory in Nigeria’s GDP, signaling that our economy is firmly on the path to recovery.”
“Additionally, by addressing inefficiencies, the country has reduced its debt service-to-revenue ratio, creating a more sustainable fiscal framework for future generations.”
Continuing the statement, “These reforms are not implemented because they are easy but because they are essential for Nigeria’s long-term stability and growth,” Idris added.
The Federal Government urged the Emir to prioritize the collective good over personal interests. “His Highness, given his background in economics, has a unique responsibility to contribute constructively rather than undermine reforms aimed at collective progress,” the statement concluded.
As Nigeria navigates its economic challenges, the administration reiterated its commitment to implementing transformative reforms while addressing the concerns of its citizens.