Tinubu's govt sees comments as attack, lacks good spokespersons - Emir Sanusi Lamido

The Emir of Kano, Sanusi Lamido Sanusi, expressed his opinion on President Bola Tinubu's administration, stating that the government perceives comments and suggestions as an attack. Sanusi further criticized the administration for lacking competent spokespersons.

During the Oxford Global Think Tank conference, Sanusi highlighted several positive aspects of the reforms under Tinubu's leadership. He mentioned that the GDP grew to 4.48% in Q2 2026, though not as high as during the periods of the Yar Adua and Jonathan governments. However, under the Buhari administration, the economy experienced a growth of 0.9%, and currently, it stands at 4.5%. Sanusi noted that inflation has decreased from 30% to 14.6%, with projections indicating a further reduction to 12.5% by the end of the year.

Furthermore, Sanusi reported a significant increase in GDP per capita in dollar terms, which has risen by 47% since 2023. If this trend continues, GDP per capita will reach the levels seen in 2005 by the end of the next year. The country's reserves currently amount to $55 billion, largely driven by portfolio flows, despite the inherent volatility in this market segment. High oil prices and investor interest in Nigeria have contributed to these inflows.

Sanusi also discussed the progress made in diversifying the economy. He noted that 20% of exports now come from the Dangote Refinery, indicating a solid foundation for achieving economic stability. Although he emphasized that this is just the beginning of the journey, Sanusi praised the Tinubu administration for bringing the nation back from the brink.

While Sanusi is not a fan of politicians, he acknowledged that the current administration deserves credit for its efforts in stabilizing the economy.