The Federal Government has responded to recent remarks by Emir Muhammadu Sanusi II concerning the economic reforms introduced by President Bola Ahmed Tinubu’s administration.CONTINUE FULL READING>>>>>
Speaking at a public event in Lagos, the former Central Bank Governor acknowledged the necessity of the reforms but declared his choice to refrain from supporting the government.
In a statement by the Minister of Information and National Orientation, Mohammed Idris, the Federal Government expressed disappointment in Emir Sanusi’s comments.
While affirming his right to critique government policies, the statement highlighted the Emir’s admission of withholding truth due to perceived personal grievances.
“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.
“His Highness, given his background in economics, has a unique responsibility to contribute constructively rather than undermine reforms aimed at collective progress because he feels estranged from his ‘friends’ in government,” the statement read.
The government emphasized that the current reforms, including the unification of exchange rates and the removal of fuel subsidies, are pivotal for Nigeria’s economic recovery.
Idris stated that though challenging in the short term, the policies have already yielded measurable benefits, such as increased investor confidence, reduced debt service-to-revenue ratios, and improved fiscal sustainability.CONTINUE FULL READING>>>>>
