The Emir of Kano, Muhammadu Sanusi II, has said that lack of preparation and financial recklessness under the previous administration are largely responsible for the current hardship experienced by Nigerians, especially the masses.
He said this yesterday in Abuja, at the 3rd annual lecture of the Zubairiyya foundation, Abuja chapter themed: “Islamic perspective on the nation’s economic and social policy”.
Sanusi, a former governor of the Central Bank of Nigeria (CBN) said that if the nation’s population is growing by 10 per cent and the Gross Domestic Product (GDP) also grows at the same margin, it means there is stagnation. He added that if the GDP growth is less than the population growth, then there is a problem as it means that poverty is growing ahead of development.
“The youths should be mobilized, trained and be made to be productive. We should give premium to planning and be financially disciplined; that is like saving for the rainy day,”
He said Nigeria should not be compared to Saudi Arabia and other oil producing countries, adding that while a barrel of oil in Saudi Arabia is expected to cater for three Saudis, same barrel of oil is expected to cater for over 300 Nigerians. The Guest speaker, Shiekh Aminu Daurawa, said there was a difference between good leaders and good leadership, saying a good leader may take care of a few citizens and himself, but that good leadership takes care of all.