Former Governor of the Central Bank of Nigeria (CBN), Mohammed Sanusi, has urged Nigerians to ensure the current economic hardship in the country, stating that things will get better, News About Nigeria reports.
He stated this while speaking virtually on Sunday at a religious event in Abuja.
The former governor noted that enduring is the only option Nigerians have until President Bola Tinubu can come up with policies that will stabilise the economy.
He also stated that the President is not to blame for the economic woes of the country, noting that the bad decisions of the past eight years, during the Buhari-led administration, are to a large extent responsible for the economic situation of the country.
“The economy was poorly managed, and they are not willing to take advice; in the last eight years, apart from sycophancy, nothing has been done; those sycophants are those buying the dollar at the rate of N400 and selling it at the rate of N600 to N700,” he said.
Sanusi further stated that it was inevitable for the country to face this economic downturn, adding that it is just the beginning and that things might get worse.
He, however, stated that this is not exclusive to Nigeria alone as other countries have faced similar fates including Germany, Zimbabwe, Uganda, and Venezuela.
“I can’t join other Nigerians criticising Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed. I will also speak if I see any wrong economic policy of the Tinubu administration in the future,” Sanusi added.
