The Emir of Kano, Muhammadu Sanusi II, has shared some revelations on the Nigerian political and financial sectors, adding that some rich men in Nigeria borrow to survive.
He talked about wealthy men who have to take loans from Banks to satisfy their wealthy standards and he linked it to the situation of Nigeria where loans are obtained without an source of income or production which would facilitate the repayment of the loan. He said such lifestyle is not sustainable.
Emir Sanusi, who shared the musing via his official Instagram page, said,
“When the minister is there, you tell them, “You know, Hon. Minister, Nigeria is very lucky to have you in office.” No! You tell the minister that you are doing well, but, you know there are these areas that you must change. If a policy is wrong, it is wrong. Nothing will make it right. And it has to be changed.
“So, this is what we did. Look at real sector wages. It was not just Nigeria, it was all over Africa. Look at sovereign debt fueling growth.
No comments:
Post a Comment