We can’t afford to keep borrowing for consumption, says Sanusi – Nexus News


Yesterday, the former Emir of Kano, Lamido Sanusi, called on the country to “move the country to path of fiscal sustainability.”

Sanusi, who spoke at the launching of his book ‘For the Good of The Nation’, noted that the country cannot continue to borrow to fund consumption. He cautioned against reckless borrowing, stating that it is a sacrifice that must be made now.

The book, a collection of essays and perspectives, was launched to mark his 60th birthday. The former governor of the Central Bank of Nigeria (CDN) also stated that Nigeria had much to gain staying together as one. He discharged secessionist groups, saying that “those who say Nigeria would break up do not know what they are talking about.”

However,Sanusi, said criticisms about the manner the country is being ruled would continue because “we truly love Nigeria.”

He disclosed that the greatest lesson he has learnt in life is that it is great to be a Nigerian. “We will keep Nigeria together. If we complain, it is because we love it,” he said.

He also added that proceeds of the book launch would be aimed at his cause on educating the girl child in line with the Sustainable Development Goals (SDGs) of the United Nations (UN). “The money would be channeled to a trust fund that is looking at raising $2 million in the next five years to fund the cause.”

He decried that many young girls completed secondary education but lack the support to move further to a higher institutions. He said the society should be able to provide the required support.


Godwin Emefiele

Herbert Wigwe, CEO of Access Bank Plc, said effort to raise the money was on course and that response is encouraging. Sanusi’s successor, Godwin Emefiele, who led the fund-raising, complimented the cause and informed that the Bankers’ Committee had agreed on what it would do. Emefiele said the government cannot do everything and urged Nigerians to support the cause.


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