NewStats: 3,262,882 , 8,178,452 topics. Date: Tuesday, 03 June 2025 at 10:22 PM 4j5a3b

NEWS AGENCY OF NIGERIA

Emir Sanusi Lamido Sanusi of Kano said on Thursday that human capacity development is key to Nigeria’s economic development, highlighting that the country’s crude oil is not a curse but the leaders are.

Mr Sanusi was the keynote speaker at the 2024 Rivers State Economic Summit. According to him, to achieve development, it is imperative to recognise the need to take some specific steps that transient natural resources to diversify and institutionalise the foundation of the economic framework.

Mr Sanusi said Nigeria could not depend solely on oil to grow its economy and ensure its prosperity.

“I have said it over again: if we are to take all the oil in Nigeria, sell it and share the money among all Nigerians, we will be a lower-income country. So, oil is a resource but not enough to make us a wealthy country,” he said. “Japan and Singapore do not have any minerals, neither do , Australia, or Rwanda, just to mention a few examples. By no means can anybody compare the standard of living and life expectancy of any other developed benchmark in these countries to that of Nigeria.”

Mr Sanusi added, “In spite of having an abundance of mineral resources, countries like Russia, the UAE, and Norway, among others, have developed not only by those resources given to them by nature or providence but successful and deliberate vision to diversify through the quality of their governance institutions and people.

“Resources can be a blessing, and resources can be a curse. The choice is left to the leaders. Oil is not a curse. The curse is the leader. We have the choice to make it a curse or a blessing. The choice that you made is yours.”

According to Mr Sanusi, human capital and good governance are why countries with complex characteristics, such as India, Brazil, China and the U.S. have developed through innovation, intellectual property, education and strong public institutions.

Mr Sanusi said Nigeria must invest in renewable energy.

“This is to ensure sustainable and reliable energy sources driving industrial growth, especially with the current electricity act that empowers states to generate and distribute electricity,” Mr Sanusi said.

(NAN)

https://gazettengr.com/nigerias-crude-oil-is-blessing-leaders-are-curse-emir-sanusi/

True.

I bet if sanusi decides to contest for presidency he will have igbos votes

He’s reasonable and smart

Especially the leaders with oluwole certificate.

Okay

U dn start again ba

Ehen?
.
Including himself tho

Eloquently put.

This cant be said any better. The land Nigeria its so blessed that each State could have have been able to run it selves financially and independent of the Federal Government. Unfortunately y we keep allowing the Politicians use us to play chess.

Welcome, our leaders has been a curse for many generations, even most people aspiring to rule wants to the bandwagon of putting the people in bondage.

Fact

Nigeria has everything it's takes to be world power,we are cursed with greedy and selfish leadership

Raise am

Ok

Talk

Soon we'll hear more



Why are the Northerners presenting Nigerians people like Buhari, Atiku as presidential candidates?
And one is already talking of 2027, when there are intelligent Northerners

Noted.

Natural resources are for poor thinkers

How much be this oil money self less than 20 billion dollars yearly divide am by 200 million people then you see it's nothing

Human capital development can get you that 100 fold

Ttipsy:
I bet if sanusi decides to contest for presidency he will have igbos votes

He’s sound and smart

I cancelled your gibberish

🤔

Succinctly put! Outspoken and always speaking truth to power. This is the reason why they want to silence him

I

Amuluonyenaego:
U dn start again ba

Ohe shift. What he said is the stark truth. We as youths have blinded ourselves to embracing lies and shying away from the truth.

Amuluonyenaego:
U dn start again ba

You think say he dey fear before? You nor serious.

The only northern I respect from the south south....

Ttipsy:
I bet if sanusi decides to contest for presidency he will have igbos votes

He’s sound and smart

Yes he is. But all of you will suffer for 10 years before things can get better. This is because the same policies of the president are the right policies that encourage sustainable economy of any country. Production of food and other things cannot come up within 36 months. Other leaders had put Nigeria in a mess before now. Impatience of Nigerians contribute to all we witness today. Nigerians want free food, free things. You do not want to pay tax! Government is not running any business! It is the people- the private sector that drives the economy while you pay the government tax in return to provide security and enabling environment to continue with business. Asiwaju will make Nigeria better. We should all do our best in making the country a good place to live. Stop being lazy. Stop all your hate words. Do not engage in fraud. Do not inflate the prices of your goods. Encourage farming. Encourage education. Do research and provide services!

Let us make Nigeria great again!

Gbam

OkpaNsukkaisBae:
Especially the leaders with oluwole certificate.

They are all the same

Sanusi started again!!!

You go still go exile again, you no dey hear word. I ed your reinstalled but in real sense for been the arrow head that stood against Gej I still hate you.

So you better behave or same Kano govt that putt you back on throne will send you out.

The leaders are not the curse in my opinion. Who are the leaders?? Are they not the individuals amongst us that has the opportunity to get there? Have you considered the mindset of an average Nigerian? Give an average Nigerian a little privilege and see how they misuse it. Then you understand where our problem lies.

dre11:


https://gazettengr.com/nigerias-crude-oil-is-blessing-leaders-are-curse-emir-sanusi/