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Sanusi seeks removal of fuel subsidy

The deposed Emir of Kano and vice chairman, Kaduna Investment Promotion Agency, Lamido Sanusi, has expressed his compassion for the next president that will succeed President Muhammadu Buhari , due to the perceived depleted state of the economy.

Sanusi, who is also the current Khalifah, Tijaniyat Movement of Nigeria, said this in Kaduna on Saturday while addressing notable politicians at a Kaduna Investment programme titled, “Building a resilient economy”.

The 14th Emir said Nigeria’s economy has been tied to the oil and gas sector and subsidy removal is fast mitigating the economy’s growth.

“Nigeria has continued to be a rentier state. It does not exist for development but as a sight of rent, and extraction to make those who control the state rich turning them into billionaires overnight.

“In 2023, if we have an election, we cannot continue to have the trend. Because any continuation will lead to insecurity and might get us to Mali, Burkina Faso’s situation.

“We can’t keep towards pushing the brink; we have to come back,” he added.
Citing data from the Federation Account Allocation Committee, Sanusi said only 50% of states in the country generated enough revenue to cover their wages, overheads and debt services.

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