The Emir of Kano, Sanusi Lamido Sanusi, has said President Bola Tinubu’s administration sees comments and suggestions as an attack.
Sanusi made the remark while noting that Tinubu’s administration lacks good spokespersons.
The former Central Bank of Nigeria (CBN) Governor, however, said he is not a fan of politicians, but Tinubu’s administration deserves credit.
Speaking at the Oxford Global Think Tank conference convened by Arunma Oteh, Sanusi said: “This government doesn’t express itself properly. It sees every suggestion and contribution it does not like as an attack, and it doesn’t have good spokespersons.
“Let’s look at the good side of the reforms. GDP in Q2 2026 was at 4.48%. It’s not as high as it was under the Yar’Adua/Jonathan government, but during the Buhari years, the economy grew by 0.9%. Today it is at 4.5%. That’s progress. Inflation is down from 30% to 14.6% and is projected to be 12.5% by the end of the year. That is progress.
“GDP per capita in dollar terms has gone up since 2023 by 47%. If we continue at this rate, by the end of next year, GDP per capita will be back to where it was in 2005. Our reserves are at $55 billion, and yes, a lot of it is driven by portfolio flows, which are volatile, but we are lucky that there is a war in the Strait of Hormuz. Oil prices are high. Investors would like to stay in Nigeria because of that and the high returns, and therefore we get the portfolio flows.
“We are also making progress in terms of diversification. 20% of our exports are coming from the Dangote Refinery. There are clearly foundations being laid for stability. It’s not the end, but the first step towards stability.
“I’m not a fan of politicians, but we need to give credit to President Tinubu’s administration for bringing us back from the brink.”