Fatimah Otunsanya
The 16th Emir of Kano, His Royal Highness Muhammadu Sanusi II, and renowned economist and founder of Stanbic IBTC Bank, Dr. Atedo Peterside, said yesterday that the reforms of the Federal Government would not translate into real gains for Nigerians unless there is a deliberate effort to cut down on the cost of governance.
Though they commended President Bola Tinubu for having the courage to remove fuel subsidy, they, however, frowned on the manner increased revenue brought about by subsidy removal was being spent.
Consequently, the duo, who spoke at the Oxford Global Think Tank Leadership Conference and Book Launch in Abuja, where top policy-makers and economic experts gathered to discuss the theme of leadership and reform in Nigeria, asked the leadership of the country to embrace economic discipline, sincerity and accountability in governance.
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun however, said President Tinubu’s reforms are already yielding results.
In his remarks, the Emir of Kano, Muhammadu Sanusi II, who was former governor of the Central Bank of Nigeria, CBN, provided an incisive analysis of the country’s economic trajectory, saying many of Nigeria’s challenges stemmed from a failure to act on sound economic advice.