The Emir of Kano State and former Central Bank Governor, Sanusi Lamido Sanusi, has raised fresh concerns over Nigeria’s fiscal direction, questioning why the country continues to borrow despite the removal of fuel subsidy.
Speaking on the nation’s economic situation, Sanusi argued that the end of subsidy payments should have significantly improved government revenue and strengthened public finances, reducing the need for additional loans.
“If you’re not paying subsidy and you have the money, why are we still borrowing? If the subsidy has ended, citizens should begin to see stronger public finances and practical benefits across the economy,” he said.
