Buhari Must Leave That Sit 2019 – Sanusi Said so
Sanusi made the statement at a
one-day dialogue forum organised by the Savannah Centre for Diplomacy,
Democracy & Development (SCDDD) at Abuja.
Sanusi while cautioning the
President on his proposed bid to borrow a whooping $30b loan, said with only
two years remaining in office, there’s no way the Buhari administration can pay
back that huge debt.
Apparently concerned by the
President’s move, Sanusi said “Let me make this issue clear, I will be happy if
they get the loan to invest in the power sector, energy and road,”
He however questioned saying, “If we
cannot raise $2 billon in two years and you want to borrow $30
billion in two years to the end of the life of the administration.
The government should rather pay more attention to investment and support the
private sectors to grow the economy”.
Speaking further he said, “The
economy that has five exchange rates can’t borrow $30 billion. They can’t lend
you the $30 billion when you have five foreign exchange rates and with the
current bombing of oil pipelines by the Niger Delta militants. So, on which
foreign exchange rate can you get the loan?”
He laments the nation’s foreign
exchange saying it lacked credibility, thus federal government needed to
embrace private sector investments as means to grow the economy out of
recession
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