Sanusi to Nigerians: Be ‘realistic’, Tinubu can’t solve country’s problems in one year

SPECIAL REPORT: Enugu community where residents rely on polluted river, deplorable PHCINVESTIGATION: TETFund’s N3.8 billion training contract triggers procurement controversy, concernsNigerian women and World War One , By Tayo AgunbiadeSPECIAL REPORT: Enugu community where residents rely on polluted river, deplorable PHCINVESTIGATION: TETFund’s N3.

“The mismanagement of the last 10 years will not be undone in six months or one year,” Mr Sanusi added, referring to the economic hardship caused by the petrol subsidy removal. Mr Sanusi, however, said he hoped that the hardship would be brief and that Nigeria would soon be put back on the path of economic growth.President Tinubu announced during his inauguration on 29 May 2023 that the petrol subsidy was gone. This led to an increase in the price of the product from less than N200 per litre to over N600. The price increase, coupled with other government policies such as the floating of the naira, has led to huge increases in the prices of goods and services.

The former CBN governor said Rivers, with its arable land, abundant oil and water resources, and strategic location has the potential to become an investor’s paradise and a great economy in West Africa if the right decisions and actions are taken. “To achieve development, it is imperative that we recognise the need to take specific steps that transcend natural resources, to diversify and institutionalise foundational economic frameworks.”

Continuing, Mr Fubara said, “Apache Aluminium LLC of America has started the acquisition of land to establish a multi-billion-naira aluminium rolling mill in the Ogoni axis of Rivers. “The state is the centre-point of the oil and gas industry in West Africa. We account for over 40 per cent of crude oil production onshore in the country and 100 per cent of liquefied gas that the country exports.

He said his administration has prioritised peace and security and has focused on growing the Rivers’ economy through partnerships and collaborations in line with the belief that it is the private sector, not the state government, that grows the economy, creates jobs, and guarantees wealth and prosperity for the people.

Source: News Formal (newsformal.com)

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