Emir Sanusi, hails Tinubu’s Economic Policies, urges FG to ensure reforms are inclusive, fiscally disciplined
Emir Sanusi, hails Tinubu’s Economic Policies, urges FG to ensure reforms are inclusive, fiscally disciplined
The Emir of Kano, Muhammadu Sanusi II, and founder of Stanbic IBTC Bank, Atedo Peterside, have urged the Federal Government to ensure that its economic reforms are inclusive and fiscally disciplined.
They made the call in Abuja during a high-level dialogue on Nigeria’s economic direction, governance, and reform priorities, at the Oxford Global Think-Tank Leadership Conference and Book Launch.
While commending the bold reforms, both cautioned that the government must address rising poverty and the cost of living by curbing waste and directing resources to help ordinary Nigerians.
Sanusi II, also commended the Tinubu administration for removing fuel subsidy and unifying exchange rates, describing both as “painful but necessary steps.”
“We were paying the difference between global oil prices and a fixed local pump price with borrowed money That was not a subsidy; it was an unsustainable hedge that led us to bankruptcy.”
He, however, cautioned that without institutional reforms and prudent spending, Nigeria risks undoing the benefits of the painful but necessary economic adjustments.
“If you stop paying subsidies but continue to borrow more, it means you filled one hole only to dig another.
“This government needs to look at institutions, procurement processes, and the quality of spending. Otherwise, we’ll undo the progress already made.”
The former Central Bank of Nigeria governor, recalled that he and other reform advocates warned against subsidy when he was in the office, he however said that “Nigeria is plagued by too many sycophants in government.
“In 2012, we warned that the subsidy was unsustainable, but politics took over,” he said.
Sanusi praised the current economic team led by Finance Minister Wale Edun and CBN Governor Yemi Cardoso, noting that they have stabilised inflation and exchange rate volatility but urged the government to reduce waste and the size of its cabinet.
He also emphasised the need to reduce the cost of governance.
Sanusi urged ministers and presidential advisers to restore integrity to public service by speaking truth to power, saying blind loyalty has been one of Nigeria’s greatest obstacles to progress.
Also speaking, Peterside commended President Tinubu’s administration for removing fuel subsidy and introducing a market-determined exchange rate.
He, however, said the real test of leadership lied up how the revenues saved were utilised.
“The government has done the correct thing in removing an unaffordable subsidy and allowing market-determined exchange rates.
“What is the point of giving a thief more revenue if he’s only going to steal it? The real test is what is being done with that money.”
He stressed the need for government at all level to cut the cost of governance, saying “after removing the subsidy, the next step should have been immediate cash transfers to the poorest Nigerians to cushion the pain.”
Peterside emphasised that structural reforms must be accompanied by good governance and social protection to ensure that economic pain translates into real gains for citizens.
“It’s not true that pain automatically leads to gain. Gain follows pain only if you do the right things afterward — reduce waste, invest in productive sectors, and support the poor,” he said.(NAN)
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Tinubu mourns Abubakar’s passing, the Imam who shielded over 200 Christians in his mosque during communal riot
Tinubu mourns Abubakar’s passing, the Imam who shielded over 200 Christians in his mosque during communal riot
President Bola Tinubu has expressed deep sorrow over the death of Imam Abdullahi Abubakar, Chief Imam of Nghar village, Barkin Ladi Local Government Area of Plateau, who passed away at 92.
This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Friday in Abuja.
The late cleric gained national and international recognition in 2018 for sheltering more than 200 Christians during communal violence in Plateau.
Tinubu described Abubakar as an extraordinary religious leader whose life exemplified faith, courage and a deep reverence for the sanctity of human life.
“At such a time when tribal and religious tendencies seemed to overwhelm reason, Imam Abubakar stood firmly on the side of peace, benevolence and conscience.
“Mindless of the enormous risk to his own life, the noble cleric chose humanity over division, love as opposed to hatred and embrace rather than rejection,” the President said.
He said the Imam’s actions embodied the true essence of faith and delivered a powerful message beyond sermons.
The President noted that the cleric’s uncommon bravery earned him local and international honours celebrating peaceful coexistence.
“I urge religious and community leaders to imbibe and preach the spirit of tolerance, mutual respect and peaceful togetherness as expounded in the life of Imam Abubakar,” Tinubu said.
He prayed that God grants the late Imam eternal rest and rewards him for his courage and good deeds. (NAN)
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Govt. introduces solar installation, garment making, GSM repairs in jss curriculum
Govt. introduces solar installation, garment making, GSM repairs in jss curriculum
The Anambra Government has introduced 15 entrepreneurial subjects into the Junior Secondary School (JSS) curriculum to enhance students’ practical skills and foster an entrepreneurial mindset.
The News Agency of Nigeria (NAN) reports that the new subjects include solar installation, garment making, GSM repairs, agriculture and processing, plumbing, tiling, POP installation and event management.
Others are bakery, hairstyling, make-up, interior design, CCTV/intercom installation, digital literacy, information technology and robotics.
Prof. Nkechi Ikediugwu, Chairperson ,Post Primary Schools Service Commission (PPSSC), while speaking at the occasion in Awka on Friday, said the initiative was aimed at repositioning education to meet contemporary needs.
Ikediugwu noted that in a rapidly changing world, education should go beyond theory and examinations to equip students with practical skills, creativity, innovation and an entrepreneurial mindset.
“The goal of the programme is to prepare learners, not only to seek jobs but to create value, generate employment and contribute meaningfully to the economic development of the state,”she said.
Mr Cyril Nwuche of Nnamdi Azikiwe University, Awka, delivered a paper titled “Building Entrepreneurial Secondary Schools: Why Every School Needs an Entrepreneurship Club”.
Nwuche said the introduction of entrepreneurial subjects showed that the government was on the path to transforming the state’s economy.
“Traditional academic instruction alone is no longer sufficient to prepare children for the future.
“There is the need for schools to embrace practical and skill-based learning to enable students to thrive in a dynamic global environment, ” he said. (NAN)
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Two men docked for allegedly defiling underaged girl
Two men docked for allegedly defiling underaged girl
The police in Lagos on Friday, charged two men before an Ikeja Chief Magistrates’ Court for allegedly defiling an 11- year-old girl.
The defendants are: Prince Tomnyie, 40, a businessman, who resides at Agege, and Micheal Adenuga, 24, a furniture maker, who resides at Atere Street in Lekki.
They are standing trial on charges of defilement, and had each pleaded not guilty to the charges.
The prosecutor, ASP Adegoke Ademigbuji told the court that they committed the offence sometimes in December 2024, and September 2025, at Langbasa Ajah and Igbara Lekki, Lagos .
The prosecutor alleged that the victim’s father, had taken his daughter for medical check and it was discovered that the minor had been defiled.
The prosecution alleged that the victim had told her father that his friend, Tomnyie, defiled her sometimes ago.
Ademigbuji alleged that the victim also mentioned the second defendant’s name who lives in their neigbourhood.
The offence contravenes the provisons of section 137 of the Criminal Law of Lagos, 2015.
The Chief Magistrate, Mr L. A Owolabi, granted the defendants bail in the sum of of N600,000 each, with two sureties each in like sum.
He adjourned the case until March 5, for mention. (NAN)
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