Don’t blame Tinubu for current economic hardship says Sanusi

Don’t blame Tinubu for current economic hardship says Sanusi

Former Central Bank of Nigeria (CBN) governor Muhammadu Sanusi, has said it would be unfair for him to blame President Bola Tinubu over the economic hardship in Nigeria.

Speaking During a virtual religious event on Sunday, Sanusi said Nigerians who expected him to speak about the economic hardship deliberately wanted him to go against the president.

He stated that he had to deviate from the religious theme of the event to remind Nigerians about his position on the badly managed economic policies of the immediate past administration.

“If I am to be fair and just to President Bola Tinubu, he is not to blame for the current hardship; for eight years, we were living on a fake lifestyle with huge debt from foreign and domestic debts.
The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service surpassing 100 per cent.

“I can’t join other Nigerians criticising Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed. I will also speak if I see any wrong economic policy of the Tinubu administration in the feature.

“It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy. After all, Nigeria cannot even afford to pay the subsidy.”

He said has been, over the years, discussed about the pending crisis ahead of the current economic hardship.

1. Also, he pointed out that any economist who has studied monetary policy in the last eight years knows that Nigerians will fall into this difficult situation