‘This Is Unsustainable’: Again, Sanusi Calls For Removal Of Subsidy

 

A former Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido has again defended calls for the removal of subsidy on petroleum products.

He spoke at a colloquium to mark his 60th birthday in Kaduna on Saturday.

Sanusi, who was a former Emir of Kano, said payment of subsidy on petroleum products is unsustainable.

“Many years ago, when I was screaming about the trillions being spent on fuel subsidy, I remember there was actually an attempt to attack my house in Kano. I was in the Central Bank. Where are we today? We are face to face with the reality that this [fuel subsidy] is unsustainable,” the economist and banker explained during the event.

Nigeria spends over ₦100 billion monthly on subsidy, a development Finance Minister Zainab Ahmed confirmed at a public consultative forum on the draft 2022-2024 medium-term expenditure framework/ fiscal strategy paper (MTEF/FSP).

“We have a situation wherein a month, the subsidy costs as much as ₦150 billion,” she said at the event held in July. 

“That means NNPC has to use that amount to pay for buying the PMS and distributing it across the country.”

But Sanusi believes that subsidy should have been removed several years ago.

“And when the decision is taken,” he added, “it will even be more painful and much more difficult than if we had taken it 10 years ago or five years ago.”

Paying The Price

A file photo Lamido Sanusi II.

 

Sanusi also attributed the rising cost of living to the increased level of insecurity and poverty in Nigeria 

“It is a price we see in increased poverty, it is a price we see in insecurity, it is a price we see in the high rate of inflation, it is a price we see in the loss of the value of our currency, it is a price we see in the numbers around malnutrition, around unemployment, around out of school children, maternal mortality and infant mortality.”

Moves by past governments to remove subsidy on petroleum products – introduced in the ‘70s – have met stiff opposition and generated heated debates among Nigerians. 

Educating The Girl-Child Is Silver Bullet To Eradicating Poverty – Sanusi

A file photo of the deposed Emir of Kano, Muhammadu Sanusi II.

 

A former Central Bank of Nigeria (CBN) Governor, Lamido Sanusi is canvassing for the education of the girl-child and believes it is the ‘silver bullet’ to eradicating poverty in Nigeria.

Sanusi spoke on Thursday during The Platform, a programme to mark Nigeria’s 60th Independence anniversary, aired on Channels Television.

“When you look at a country like Nigeria, my sense is that the focus on the education of the girl-child and the place of the woman, are the most critical SDGs we should focus on,” the economist stated.

“If you educate a girl-child, you deal with a number of issues. You deal with the opportunities you gave to the rise of poverty, you deal with inter-generational poverty, you deal with mortality, you deal with nutrition; you deal with the education of the child because the children of educated women are more likely to be educated than the children of those who did not go to school; you deal with water and sanitation and so on.”

Sanusi explained that education of the girl-child is at the heart of development and raising the standard of living.

“So, the single silver bullet for me,  that goes to the heart of underdevelopment and poverty, is educating the girl-child and providing her with an opportunity to raise against poverty,”  the 14th Emir of Kano added.

De-emphasis On Merit

He equally lamented that in the country, especially in the public service, there is “a general de-emphasis on merit.”

According to him, there “is obviously a general de-emphasis on merit in our institutions.”

Giving an instance, Sanusi said while the Nigerian constitution mandates each state to produce a minister, “it does not say anything about the qualifications of a minister. It does not say that the minister must be qualified and competent to do the particular job he is given.”

 

 

 

 

Kano Assembly Suspends Five Members

 

The Kano State House of Assembly on Monday suspended five lawmakers for insubordination, and bridge of the rules and regulations of the House during last Monday’s rowdy session at the floor of the Assembly prior to the removal of Muhammadu Sanusi II.

At a preliminary session, Speaker of the House Abdulaziz Gafasa who announced the suspension following a point of order presented by one of the members, said the lawmakers are to remain suspended for six months.

READ ALSO: Kano Govt Denies Banishing Sanusi After Dethronement

The suspended lawmakers include Muhammad Bello representing Rimin Gado, Labaran Madari of Warawa, Garba Gwarmai of Kunchi/Tsanyawa, Maje Ahmed of Kano municipal and Isyaku Ali of Gezawa.

Responding to the suspension, one of the affected lawmakers, Muhammad Bello told Channels Television that their suspension did not follow due process and that it violates order 8 which empowers committee on ethics and privileges to investigate any violation of House rules.

“Even if there is a violation of rules the committee should take care of it but none of these was put into considerations, we will, therefore, discuss among ourselves and see what we can come up with,” Mr Bello stated.

Sanusi Arrives In Lagos From Nasarawa

 

Former Emir of Kano, Muhammad Sanusi II, has arrived Lagos from Nasarawa via Abuja.

Sanusi departed Awe in Nasarawa State with the Kaduna State Governor, Nasiru El-Rufai, on Friday.

At about 10:47pm, Sanusi’s plane left the Nnamdi Azikwe International Airport in Abuja, according to a spokesman for Governor El-Rufai.

His departure comes after a Federal High Court sitting in Abuja granted an interim order releasing Sanusi from detention in Nasarawa.

Justice Anwuli Chikere granted the order in line with the prayers on the exparte motion filed on behalf of the deposed Emir by Mr. Lateef Fagbemi SAN.

 

The former Emir had on Thursday approached the court seeking an interim order of the court directing his immediate release from detention.

On Monday, Sanusi was dethroned as Emir by the Kano state government, which accused him of insubordination.

However, Mr Sanusi’s supporters believe his sack was motivated by his frosty relationship with Governor Abdullahi Ganduje.

 

Sanusi’s Dethronement: “I Fear For The Political Future Of Gov Ganduje”

 

Following the drama that has trailed the dethronement of former Emir of Kano, Muhammadu Sanusi, some are beginning to question the fate of Governor Abdullahi Ganduje after he leaves office come 2023.

One of such person is Mr Jide Ojo, a political analyst, who says he fears for the political fate of Ganduje when he eventually leaves office.

The public affairs expert who was a guest on Channels Television’s Politics Today stated that the deposition of Sanusi by Ganduje’s government might have a negative impact on the governor’s political future.

READ ALSO: Sanusi On His Way To Lagos, Says El-Rufai

Mr Jide Ojo, a political analyst, speaking on the Kano dethronement issue. He was a guest on Channels Television’s Politics Today on Friday, March 13, 2020.

 

Mr Ojo was of the opinion that the situation on ground has the politics of 2023 in the mix.

“Governor Ganduje may not be seeking reelection in 2023 because he has served out his term of office, but where does he proceed from there?” the analyst asked.

He added, “With what has happened now, I fear for the political future of Governor Ganduje if he does not reconcile himself with the northern elite.”

Mr Ojo argued that many of the allegations and accusations levelled against Emir Sanusi were more like “calling a dog a bad name in order to hang it”.

As far as he is concerned, Sanusi was speaking truth to power and was routing for the masses, telling the north about the rot and the need to do something to fix the decadence within the region before it consumes everybody.

“This Emir was the conscience of the people because every time he speaks, he speaks the mind of the masses of this country” Mr Ojo opined.

Sanusi On His Way To Lagos, Says El-Rufai

Kaduna State Governor, Nasiru El-Rufai and Muhammad Sanusi

 

The Kaduna State Governor, Nasiru El-Rufai, has said that the dethroned Emir of Kano, Muhammad Sanusi is on his way to Lagos State.

Governor Nasiru El-Rufai told journalists on Friday during his visit to Awe where Sanusi was staying.

He said that the dethroned Emir will be leaving for Lagos through Abuja.

READ ALSO: Sanusi Departs Nasarawa, After Court Order

The Emir’s release from detention comes after a Federal High Court sitting in Abuja granted an interim order releasing Sanusi from detention.

The ruling judge in the case, Justice Anwuli Chikere granted the order in line with the prayers on the exparte motion filed on behalf of the deposed Emir by Mr. Lateef Fagbemi SAN.

Below are some photos of Governor El-Rufai and Sanusi enroute to Abuja from Nasarawa where he is expected to take a flight down to Lagos.

Sanusi Sues IGP, DSS, Others Over Alleged Illegal Detention

Emir Of Kano Decries North's Poor Educational System
Former Emir of Kano, Muhammadu Sanusi II (file photo)

 

Deposed Emir of Kano, Lamido Sanusi, has approached the Federal High Court in Abuja to enforce his fundamental rights.

Sanusi, who was deposed as Emir by the Kano State government last Monday was taken to Awe in Nasarawa State where he is said to have been in confinement.

The former Emir is seeking an interim order of the court directing his immediate release from detention.

He prayed the court to order his release from “the detention and or confinement of the respondents and to restore his rights to human dignity, personal liberty, freedom of association and movement in Nigeria, (apart from Kano State) pending the hearing and determination of the applicant’s originating summons.”

Cited as respondents in the suit marked FHC/ABJ/CS/357/2020, are the Inspector-General of Police, the Director-General of the Department of State Service, the Attorney-General of Kano State and the Attorney-General of the Federation.

READ ALSO: Sanusi Dethronment: SERAP Sends Urgent Complaint To UN

Amnesty International Condemns Sanusi’s Dethronement, Banishment

 

Amnesty International has condemned the dethronement of the former Emir of Kano, Muhammadu Sanusi II.

In a series of tweets on Tuesday, the group faulted the decision to banish the former governor of the Central Bank of Nigeria (CBN) after he was dethroned.

“Amnesty International calls on Nigerian authorities to respect the human rights of former Emir of Kano, Muhammadu Sanusi II; his right to dignity, freedom of expression and freedom of movement,” it said.

According to the group, restricting Sanusi and placing him incommunicado is against his human rights as protected under the Nigerian Constitution and international human rights law.

It, therefore, asked the authorities to ensure they respect and protect the fundamental human rights of the former Emir, in accordance with the rule of law.

Amnesty International tweeted a day after the Kano State government removed Sanusi as the Emir of Kano.

The former Emir was also banished to Loko development area of Nasarawa State but was later relocated to Awe Local Government Area of the state.

Moments later, the government announced the former Emir of Bichi Emirate, Aminu Ado Bayero, as the new Emir of Kano, while Nasiru Ado Bayero was appointed as the new Emir of Bichi.

The Secretary to the Kano State Government, Usman Alhaji, who announced Sanusi’s removal explained that the decision was taken as a result of the former Emir’s consistent refusal to abide by instructions given to him.

The removal is said to be in line with the recommendation of the Kano State Public Complaint and Anti-Corruption Commission which summoned the deposed Emir.

Sanusi was accused of obstructing the investigation of the commission. The commission had asked him to respond to a petition accusing him of selling lands belonging to the Kano Emirate to the tune of N2billion.

Sanusi, however, secured a restriction order from a court to stop the commission from investigating him.

Sanusi’s Dethronement: Atedo Peterside Rejects Invitation To Join CBN’s Roundtable

Peterside says practices such as exile have no place in a democratic dispensation (File photo)

 

The founder of Stanbic IBTC Holdings Plc, Atedo Peterside, has rejected an invitation by the Central Bank of Nigeria, to be a panellist at the apex bank’s Consultative Roundtable Session scheduled to hold on Wednesday.

Mr Peterside, in a letter sent to the CBN Governor, Godwin Emefiele, said his decision is due to the removal of Muhammad Sanusi II as Emir of Kano, and his eventual exile to Nasarawa State.

Sanusi had been deposed by the Kano State government on Monday on the allegation that he consistently refused to abide by instructions given to him.

The decision split opinions with many blasting the government for it, while others argued that the government was within its rights.

Peterside, who described Sanusi’s removal and exile as “disturbing news”, believes that boycotting the roundtable is the correct thing to do under the circumstances.

“I have decided to stay away from your Consultative Roundtable and to instead use the opportunity of this letter to draw the attention of a wider audience to my displeasure with the events of yesterday,” he said.

“Please forgive me because I am in no mood to immediately pretend as if all is well by proceeding with business as usual.”

READ ALSO: Dethroned Emir Of Kano Moved To Awe LGA In Nasarawa

For him, the action of the Kano State government “confirmed what can go wrong when those in authority pay lip service to the Nigerian Constitution and then proceed to violate the fundamental freedoms that it guarantees each individual because they prefer to cling to practices like exile which they learnt from colonial masters and the military”.

“These practices have no place in a democratic dispensation,” he wrote.

Although he is boycotting the roundtable session, he used his letter to make some observations about the theme which is “Going for growth” and faulted what he described as policy inconsistencies by the Central Bank.

According to him, Rapid growth is only achieved on the back of significant investment activity.

“Going for growth should, therefore, be a holistic concept that embraces the sum total of actions and activities that we need to encourage in order to boost investor confidence, including respect of individual freedoms and the rule of law,” he said.

“Sadly, yesterday’s events have turned back the clock at a time when our economy is at a precipice and when we need to tell ourselves some home truths and speak truth to power in a constructive manner.”

Concerning policy inconsistencies, Peterside accused the CBN of continuing to “seek to defy the odds by simultaneously pursuing a low domestic interest rate regime which clearly cannot coexist with high inflation and naira exchange rate stability in the face of collapsed/collapsing oil prices and an insatiable and uncontrolled appetite for foreign currency loans”.

“This unsustainable policy mix has spooked investors (local and foreign), thereby making it increasingly likely that the Nigerian economy slides back into a recession, unless you quickly embark on some course correction,” he added.

Read his full response to the invite below:

I received an Invitation, at short notice, to be a panelist at a CBN Consultative Roundtable Session taking place in Abuja tomorrow. Whilst thanking you for the Invitation, I believe the correct thing for me to do is to respectfully decline to participate.

It is true that I am currently out of the country, but it is also true that I could have reorganised my activities and flown into Abuja in time to join you tomorrow morning. My refusal to join you has more to do with the monumental events that took place yesterday viz the removal of the Emir of Kano from office and the release of information that purportedly seeks to exile him and restrict his movements or confine them to a little known enclave in Nassarawa State.

My wife and I were invited to the Commonwealth Service that held in Westminster Abbey in London yesterday and so we witnessed a colourful ceremony which included speeches by a variety of personalities, including Anthony Joshua, the Nigerian-British heavyweight boxing champion. Anthony Joshua and other speakers yesterday reminded us eloquently about what can go right when we embrace the forces of modernity whilst recognising and upholding our proud cultural heritage. At the exact same time, I was distracted by disturbing news from Kano yesterday which confirmed what can go wrong, when those in authority pay lip service to the Nigerian Constitution and then proceed to violate the fundamental freedoms that it guarantees each individual because they prefer to cling to practices like exile which they learnt from colonial masters and the military. These practices have no place in a democratic dispensation.

The theme for your Roundtable Session is Going for Growth. Rapid growth is only achieved on the back of significant investment activity. Going for growth should, therefore, be a holistic concept that embraces the sum total of actions and activities that we need to encourage in order to boost investor confidence, including respect of individual freedoms and the rule of law. Sadly, yesterday’s events have turned back the clock at a time when our economy is at a precipice and when we need to tell ourselves some home truths and speak truth to power in a constructive manner.

By coincidence, the Ex-Emir of Kano is your predecessor in office at CBN. Ordinarily, he qualifies to be invited for tomorrow’s event. Did you invite him?

I have decided to stay away from your Consultative Roundtable and to instead use the opportunity of this letter to draw the attention of a wider audience to my displeasure with the events of yesterday. Please forgive me because I am in no mood to immediately pretend as if all is well by proceeding with business as usual.

At an appropriate time I will send you my thoughts on how to quickly eliminate the policy inconsistencies that threaten the stability of our macroeconomy as CBN continues to seek to defy the odds by simultaneously pursuing a low domestic interest rate regime which clearly cannot coexist with high inflation and naira exchange rate stability in the face of collapsed/collapsing oil prices and an insatiable and uncontrolled appetite for foreign currency loans. This unsustainable policy mix has spooked investors (local and foreign), thereby making it increasingly likely that the Nigerian economy slides back into a recession, unless you quickly embark on some course correction.

I wish you happy deliberations tomorrow.

Kano Govt Appoints Nasiru Ado Bayero As New Emir Of Bichi Emirate

President Buhari To Swear In Ministers August 21

 

The Kano state government has appointed Nasiru Ado Bayero as the new Emir of Bichi.

This was announced by the Secretary to the State Government, Usman Alhaji, shortly after the former Emir, Aminu Ado Bayero, was appointed as the new Emir of Kano on Monday.

Nasiru, is the younger brother to the newly appointed Emir, Aminu Ado Bayero.

READ ALSO: Aminu Ado Bayero Announced As New Emir Of Kano

Earlier, Muhammadu Sanusi II was removed by the state government over allegations of consistently refusing to abide by instructions given to him.

According to Usman Alhaji, the removal was in line with the recommendation of the Kano State Public Complaint and Anti-Corruption Commission which summoned the emir.

Aminu Ado Bayero Announced As New Emir Of Kano

 

Emir of Bichi Aminu Ado Bayero has been announced as the new Emir of Kano.

The announcement was made by the Secretary to the State Government, Usman Alhaji a few hours after the removal of Muhammadu Sanusi II.

The appointment takes immediate effect according to the SSG.

Usman Alhaji had explained that the state government took the decision to remove the traditional ruler over allegations of consistently refusing to abide by instructions given to him.

READ ALSO: Kano Govt Removes Sanusi As Emir

According to him, the removal was in line with the recommendation of the Kano State Public Complaint and Anti-Corruption Commission which summoned the emir.

In documents obtained by Channels Television and signed by the chairman of the commission, Sanusi was accused of obstructing the investigation of the commission.

The commission had asked the traditional ruler to respond to a petition accusing him of selling lands belonging to the Kano Emirate to the tune of N2 billion.

Sanusi had, however, secured a restriction order from a court to stop the commission from investigating him.

I Don’t Care Who You Are, If You Are Corrupt I’ll Go After You – The Week In Quotes

 

Here is what was said and who said what in the public sphere within the course of the passing week.

1. I don’t care who you are, if you are corrupt I’ll go after you.”

Acting Chairman of the Economic and Financial Crimes Commission, (EFCC), Ibrahim Magu, distances himself and the anti-graft agency from political inclination.

2. People say that our population is an asset but we are yet to get there. Nigeria’s population is currently a liability.

According to the Emir of Kano, Mohammed Sanusi II Nigeria’s huge population which currently stands at about two hundred million is a liability and not an asset.

3. A significant proportion of Nigeria’s prosperity today is concentrated in the hands of a few people living primarily in 4 or 5 states and the FCT.

President Muhammadu Buhari says a significant proportion of Nigeria’s prosperity is concentrated in the hands of a few people in the country.

4. There cannot be a decent work without a decent wage. The minimum wage is the floor for decent wages.

The Nigeria Labour Congress (NLC) expresses impatience at the implementation of the new N30,000 minimum wage, stressing that Nigeria’s workplace cannot be decent without a decent wage.

5. Turkey will also continue to fight against DAESH (IS) and will not allow it to return in any shape and form.

Turkey says it will not permit the Islamic State group to return.

READ ALSO: This Is A Lawless Country, We Will Survive This – The Week In Quotes

6. The Court cannot square a vision of presidential immunity that would place the President above the law.

A US federal judge in New York dismisses President Donald Trump’s efforts to block access to years of his personal and corporate tax returns, saying sitting presidents are not immune from criminal investigations.

7. This is nothing but a budget of taxation. I urge the Senate to look at that fact as it is not a sustainable budget.

The Senator representing Abia-South Senatorial District in the Senate, Enyinnaya Abaribe, says the 2020 budget is “nothing but a budget of taxation”, one that is not “sustainable.”

8. Nigeria’s economy has experienced nine consecutive quarters of GDP growth.

President Muhammadu Buhari speaks on Nigeria’s economy and the nation’s growth, during his presentation of the 2020 budget to the National Assembly.

9. Tell Buhari the truth, corruption resides in his presidency.

The Peoples Democratic Party (PDP) says President Muhammadu Buhari should stop blaming the 8th National Assembly for failures encountered in his administration.

10. The sole aim of this practice is to ensure that justice is given in every case before us, no matter how infinitesimal it might be because we are the final court in the land.

The Chief Justice of Nigeria, Justice Ibrahim Tanko Muhammad says the Supreme Court of Nigeria is ever ready for any eventuality and is also well prepared to keep the country together as one indivisible entity through effective and efficient justice delivery.