Lamido Sanusi, the deposed Emir of Kano, has expressed concern about Nigeria’s next president following President Muhammadu Buhari.
Sanusi made the remarks on Saturday in Kaduna, while speaking to key lawmakers at a Kaduna Investment programme titled “Building a robust economy.”
He emphasised that the country’s economy is inextricably linked to the oil and gas sector, and that the elimination of subsidies is rapidly dampening economic growth.
Sanusi said: “In other words, debt service is now 108 percent of revenue. Every naira the Federal Government earns goes to service debt, and it is not enough, (as the FG) has to borrow to service the debt. And then begin to borrow to build roads, pay salaries and overheads.
“We are leaving a mountain of debt for our children. They (children) might curse us because we are taking all the money borrowed to subsidise petrol and enjoy it cheaply.
“We see the problem and we are going to continue. I’m sorry for the next president who comes in June and says I’m removing fuel subsidy after day one.”
