Sanusi advices Buhari not to end like Jonathan

By on August 25, 2016

Culled from Lamido Sanusi’s Instagram page.

If this government continues to behave the way the last government behaved, we will end up where Jonathan ended. You may not like it but that is the truth. You have to listen. You don’t have to be an economist to know that any system that allows you to sit in your garden, and with a telephone call, make one billion naira without investing a kobo, that system is wrong. It is unsustainable. And just so we are not always blaming the previous administration.We have also made mistakes in this administration. We have started retracing our steps or we have to retrace those steps. And if we fall into the same holes that we fell into the last time where the government is always right… If a policy is wrong, it is wrong. Nothing will make it right and it has to be changed. There were many voodoo economists parading around the administration and advising the government and many of them are not Economists. They are demagogues. Look, I’m not going to change. I am never going to be political. I will never tell people what they like to hear. There is nothing we are facing today that we did not know will happen. That is the truth. We made mistakes, many of them deliberate. We ignored every single warning. If you take a brand new car, and give a driver who doesn’t have a license to drive it and you have an accident, you really can’t say you are surprised unless you are some kind of idiot. I’d would like to know those advising the present government so he could talk to the advisers themselves. The past Federal administration failed to diversify the nation’s economy during the oil boom. Mr. Buhari should not make the same mistakes. He specifically accused Mr. Jonathan of refusing advice given to him on how to turn the economy around. Warnings of impending economic doom were also ignored by the former president. President Buhari’s administration is toeing the same path like the Jonathan government.

In a situation where we cannot process tomato. Tomato paste is being imported from China. It is sad. We are spending 30 to 40 percent of every Naira we earn servicing debt. The new borrowings were simply recycled into much higher recurrent expenditure.

– Muhammadu Sanusi II

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