NewStats: 3,261,815 , 8,175,249 topics. Date: Friday, 30 May 2025 at 04:45 PM 2t2r32

KANO—THE Emir of Kano, Alhaji Muhammad Sanusi, Wednesday, urged the Federal Government to emulate Lagos State that had shown how the economy can develop without relying on a commodity to avoid the pitfalls of last istration.

Sanusi II
The Emir, who spoke during a lecture he delivered at the second day of the 15th t Planning Board, JPB, and National Council on Development Planning organised by the Ministry of Budget and National Planning in collaboration with Kano State government, said the All Progressives Congress, APC-led istration needs to free itself from voodoo economists at the corridor of power.

He noted that his relief lies on Lagos that had demonstrated a positive role in the way forward for others to emulate.
He said: “As it stands today, Lagos’ role on the economic future of Nigeria is critical than what people think of the Niger Delta region.

“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. The GDP was growing largely due to consumers items.”

He said Federal Govern-ment can learn from Lagos policies formulation that boost business and attract investors, adding that the Lagos example can bail the country out of its economic woes.
He described as unwholesome a situation where somebody pull through a connection and rake in billions of naira without commiserate effort.

He said: “With my background in the banking sector, and now a royal father, I can sit in my garden and make billions through forex market without sweat.
“This is how most of those you called billionaires made their money.”

http://www.vanguardngr.com/2016/08/emir-of-kano-to-fg-emulate-lagos-on-economic-policies/

Who asked dis masquerade how much he makes sitting in his toilet?.who d money don epp,even d almagiris or wutever d spellin is no dey even benefit frm u

Only in Nigeria

We are finished

hmm emir lia Mohamed or u make billions when u were cbn gov and our big bro jonna noticed and chased ur ass out

The truth is that Buhari Lacks good Economic team to turn things around for the betterment of the masses.
They are just Confused on the way Forward

anyimontana:
Who asked dis masquerade how much he makes sitting in his toilet?.who d money don epp,even d almagiris or wutever d spellin is no dey even benefit frm u

. He is simply telling Buhari that the Forex policy of his istration Favours Some few individuals who are already Rich and not the poor masses.
More over he is not a Masquerade he is the Emir of kano state

These men have finished Nigeria

Hmm

Not interested .. because there's no freedom after speech

Those were his words that i read online.

“For instance, when the CBN was selling dollar at N197 and people were buying at N300, if I sit down in my garden and pick up my phone I would have enough people to call in the industry to get 10 million dollars at officials rate and sell at N300 and make a profit of over N1bn and if I do that four times in a year, for doing nothing I would have earned N4bn.

http://www.dailytrust.com.ng/news/general/fg-creating-billionaires-through-forex-sanusi/160194.html#9vmEsI3plpUMTpdH.99

omaiyale:
. He is simply telling Buhari that the Forex policy of his istration Favours Some few individuals who are already Rich and not the poor masses.
More over he is not a Masquerade he is the Emir of kano state

gues dat gave him d right to dress like a masquerade..lol..

anyimontana:
Who asked dis masquerade how much he makes sitting in his toilet?.who d money don epp,even d almagiris or wutever d spellin is no dey even benefit frm u

AKUYA. You no dey read questions before answering exams?

anyimontana:
gues dat gave him d right to dress like a masquerade..lol..

NO. It does not give you the right to think like a fool either.

wHO IS sANUSI

This man don dey talk too much o

Na so he easy to be BILLIONAIRE?


SLS and bragging be like....

anyimontana:
Who asked dis masquerade how much he makes sitting in his toilet?.who d money don epp,even d almagiris or wutever d spellin is no dey even benefit frm u

No beef bro...make ur way up abeg

The current forex situation favours some people, ask your rich uncle

abi when u have enough millions to play with

Dirty dey smell
I smell lies, lies everywhere

Mark Zuckerberg is a billionaire and he worked hard for it
Not sitting in some garden

omaiyale:
He is simply telling Buhari that the Forex policy of his istration Favours Some few individuals who are already Rich and not the poor masses.
More over he is not a Masquerade he is the Emir of kano state

You really have time to reply these kids on NL

This guy don dey do Yahoo

The change don reach his side ni? To some extent I ire his courage.

Yoots on NL always want to attack the messenger without making efforts to get something out of the message.

oyediranniyi:

“For instance, when the CBN was selling dollar at N197 and people were buying at N300, if I sit down in my garden and pick up my phone I would have enough people to call in the industry to get 10 million dollars at officials rate and sell at N300 and make a profit of over N1bn and if I do that four times in a year, for doing nothing I would have earned N4bn.

kai, Imagine if I am the head of this years Hajj commission and in charge of selling dolars to pilgrims at N197 and decides to sell $1m at N400, do the maths

Emir Sanusi is exposing a truth same way many of us where here when the subsidy scam was being perpetrated with people making billions just by printing documents and submitting to NNPC without supplying any fuel and when GEJ said he wants to do away with many people became overnight activists ing Bakare, Falana, Tinubu to protest in TBS.

So this is how APC and their ers are accumulating money while the rest of us are suffering and asked to be patient.For where. In Naijerea a patient dog usually starves.

nairaman66:

PDP lobbied for Fuel subsidy to fund their campaigns during elections and other necessities, now APC is using Forex subsidy as a conduit to accumulate funds for the 2019 elections!!

Nigeria which way are we headed??

What I was expecting CBN to do was to call experts in FX and discuss the best way out of the mess instead of doing trial by error with the nation's economy!

This country matter just tire person

The unfortunate fact is some youths would attack the messenger because of political affiliations instead of understanding the message here. With the current economic policies on ground, it ain't going to be better anytime soon #fact#, so, continue with party politics till everyone in your village can't afford a days meal.