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Sanusi Blames Lousy Leadership for Nigeria’s Economic Stagnation
By Eric Elezuo
Sarakin Kano, Khalifa Muhammadu Sanusi II, has said Nigeria has been bedeviled with lousy leaders who lack the requisite capacity and competence to deliver and transform the country, saying that the trend has hindered the country’s growth on all fronts.
Sanusi made the assertion, when he spoke at the second edition of Kano International Poetry Festival (KAPFEST), held in Kano on Saturday, noting that the country has not been fortunate with quality leaders for a long time.
Stating that good governance is key to salvaging the country, Sanusi added, “And that’s the truth. I mean, in most parts of this country, you look at people who are leading you and you say, oh God, is this really the person? How did we end up here? You see it every day on the newspapers.”
The traditional ruler said while other countries are exploring technology, artificial intelligence, climate change and other serious issues, Nigerian leaders are still preoccupied with antiquated debates around ethnicity and religion.
“You see it in the news. You see what happens in the legislature. You see the kind of debates that we are having, the kind of arguments that we have, the kind of time we waste on issues that are totally unimportant, the pettiness. We are still talking about Yoruba or Igbo or Hausa, Northern or Christian, you know, that is, we are still mired in that debate. We are still in conversations that we had in the 1960s. You look at other countries, you look at other parts of the world, people are discussing climate change, discussing artificial intelligence,” the traditional ruler further noted.
He however, observed that subsidising fuel was never sustainable, noting that the country would have been bankrupt by now if President Bola Tinubu hadn’t removed it.
“If you look at the billions and billions that were spent on subsidies, if that money had been spent on refineries, I have nothing against subsidies. If you are subsidising production, I said it very clearly, my objection is the subsidy on consumption because we’re keeping refineries in Europe open. We’re giving jobs to refiners.
“And if we had taken 2012, we would not be where we are today. Now, people say to me, why aren’t you talking? I say, what am I to say? This is exactly what I said would happen because beyond a point, government revenue will not be enough to pay the subsidy. You have to borrow to pay the subsidy,” Sanusi concluded.
Sanusi, who bagged a fresh PhD degree from a London University only last week, has been on the forefront of raising national issues, and tackling as well as criticizing inanities in government. He is noted as introducing sweeping reforms in the banking sector during his tenure as Central Bank Governor prior to 2014 when he was removed by President Goodluck Jonathan.
Even with his tussle for the emirship seat in Kano with Emir Ado Bayero, Khalifa Sanusi has not ceased to bring to the front burner major issues of national discourse, touted as veritable tools of lifting the nation from its present doldrums.
World-renowned boxer Anthony Joshua on Monday survived a ghastly road accident in Makun, Ogun State.
Eyewitnesses report that the incident occurred along a busy highway of the Lagos-Ibadan expressway.
The vehicle carrying Joshua, a Lexus Jeep with the number plate, KRD 850 HN, reportedly collided with a stationary truck under circumstances that are still being investigated.
Joshua reportedly sustained minor injuries, while two persons were said to have died on the spot.
Former Vice President Atiku Abubakar has cautioned that any attempt to hurriedly re‑gazette Nigeria’s new tax laws could undermine parliamentary oversight and set a dangerous constitutional precedent.
Atiku’s warning follows public scrutiny over reports that the Tax Reform Acts signed by President Bola Tinubu differ from the versions passed by the National Assembly. Lawmakers, including Abdussamad Dasuki, raised concerns that the alterations could pose serious legal and constitutional risks, noting that they were not backed by any constitutional framework.
In a statement on X, Atiku said the directive to re-gazette the Acts effectively confirms “that the gazetted version of the Tinubu Tax Act does not reflect what was duly passed by the National Assembly,” calling it “a grave constitutional issue.”
He emphasized that under Section 58 of the 1999 Constitution, a bill only becomes law after passage by both chambers, presidential assent, and gazetting.
“Gazetting is merely an administrative act of publication. It does not create, amend, or validate a law,” Atiku said, adding that any post-passage insertion, deletion, or modification without legislative approval constitutes forgery rather than a clerical error.
Atiku further warned that rushing a re-gazetting while legislative investigations are ongoing “undermines parliamentary oversight and sets a dangerous precedent,” stressing that the only lawful approach is “fresh legislative consideration, re-passage by both chambers, fresh presidential assent, and proper gazetting.”
The former vice president clarified that his position is not opposition to tax reform but a defence of constitutional order.
“This is a defence of the integrity of the legislative process and a rejection of any attempt to normalise constitutional breaches through procedural shortcuts,” he said.
The Federal government has denied wrongdoing, insisting the laws will take effect as scheduled on January 1, 2026, while the National Assembly has directed the issuance of Certified True Copies of the Acts to ensure clarity and accuracy.
Barring unforeseen circumstances, the Labour Party (LP) Presidential Candidate in the 2023 elections, Mr. Peter Obi, is set to formally join the African Democratic Congress (ADC) on December 31, 2025.
The development would put to rest months of speculation about where the former Governor of Anambra State would pitch his tent in the coming elections.
Reports claim that Obi would be defecting with serving senators and other lawmakers elected on the platform of the LP, as well as remnants of the Peoples’ Democratic Party (PDP) in the South East region.
Specifically, Obi would be defecting alongside the Senator representing Anambra Central, Victor Umeh; that of Anambra North, Tony Nwoye; Abia South, Enyinnaya Abaribe; PDP chieftain Ben Obi; and members of the Obidient movement in the region.
It is not clear if the Abia State governor, Alex Otti, is part of the planned movement to the ADC.
The governor was recently approached by the PDP to join the party and re-contest his current position in 2027.
Further reports quoted Obi’s spokesperson, Valentine Obienyem, as confirming the planned defection of his boss to the ADC.
“Yes, it is true,” he reportedly said on Sunday.
Senator Umeh said the event would hold in Enugu, adding that it would involve all Obi’s supporters across the South East region.
“They will come from Abia, Anambra, Ebonyi and Imo states to join those in Enugu, where this exercise will hold on 31st December,” he reportedly added.
Sources hinted that Obi, who has not hidden his intention to appear on the ballot in 2027, would contest the presidential ticket of the ADC.
On his part, Chief Chekwas Okorie, reportedly said that the expected formal defection of Obi to the ADC is a healthy development that could reshape the thinking and permutations of the 2027 general elections.
“I imagine that he would be defecting along with most of his associates and followers. I believe that a fortified and strong ADC will add value to the opposition and assuage the general fear of a possible one-party option to Nigerians come 2027. The APC, ADC and possibly the PDP locking horns in the 2027 democratic encounter promises a vibrant and robust electioneering campaign that will provide Nigerians the required options to make informed choices in electing their preferred leaders at all levels. I imagine that the APC leadership will return to the drawing table to map out the strategy to confront the emerging challenge. Nigerians are in interesting times,” Okorie stated.
National President of Njiko Igbo Forum (NIF), Rev Okechukwu Obioha, vouched support for Obi to ensure he reaches the pinnacle of his political career. He, however, cautioned that the ADC should not compromise merit and integrity in the choice of its presidential candidate, stressing that Obi remains the “hope for the restoration of the country on the path of greatness.”
