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We Never Had It This Bad In Nigeria – Lamido Sanusi

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Former governor of the Central Bank of Nigeria (CBN) and 14th Emir of Kano, Sanusi Lamido Sanusi, has lamented about the state of the nation, saying Nigerians never had it as bad as it is presently.

Sanusi gave this remark at the 7th colloquium of Akinjide Adeosun Foundation (AFF) to mark the 54th birthday of the founder of the foundation and CEO of St. Rachael’s Pharmaceuticals Nigeria, Mr Akinjide Adeosun.

He was the guest of honour, spoke on the theme of the programme, “Are leaders scarce in Nigeria.”

He said, “The levels of poverty, levels of insecurity, the rate of inflation, the unstable exchange rate, the lack of power should worry anybody. This is the only oil-producing country that is grieving at the moment when oil prices have gone up as a result of the Russia/Ukraine war. Our total revenue is not able to service our debt and if anybody does not understand that we are in a complete mess, we are.”

“We were in a deep hole in 2015 and between 2015 and now, we have been digging ourselves into a deeper hole. We thought we had a big problem in 2015 but 2015 is nothing, compared to what will happen in 2023.”

“We have terrorism, banditry, inflation, unstable exchange rate, and the worst thing is that those in leadership actually think we are going to thank them when they leave office.”

“There is no change. There is no sense of urgency. If you are running a company and your sales revenue cannot pay interest, you know you’re bankrupt. When the total revenue of the Federal Government cannot service debt? These are the kinds of questions we need to ask and the reality is that there are so many Nigerians, who, given the opportunity will do well but they simply cannot contest in that space…….”

“Nigeria is in a mess because of the visionless leaders the country has. What is our vision for Nigeria? Do we have a vision of one country? Do we have a vision of one united country, that lives peacefully with itself – diverse, multicultural, multi-religious but one? And these things are not self-contradictory. Where did we get it wrong?”

“Leaders after leaders, most of those who have ruled did not have a vision for a united Nigeria. How would you like to be remembered after eight years as a President, after eight years as a governor, eight years as a minister, and eight years as Governor of CBN? How would you like history to remember you? They have not thought about it. The vast majority of those in office have a vision that is limited to the next election. It is to win. And when you’ve won, you’ve reached a destination, not a journey.”

The colloquium also had Mr Jimi Agbaje, a pharmacist cum politician; the Secretary to the Oyo State Government and wife of the celebrator, Mrs Olubamiwo Adeosun; as well as a keynote speaker, Prof Ayodele Olurotimi and the Managing Director of Megamound Investment Ltd, Mr Olumide Osunsina, among other dignitaries, in attendance.