The Emir of Kano Muhammadu Sanusi II on Wednesday, tongue- lashed the Federal and state governments in Nigeria over their inclination to pile debts rather than work out an economic model that would launch the country on growth and development.
He also faulted the political elite for playing politics with every national issues with an eye for the 2019 general elections instead of minding their appointive and elected offices in service of the people.
Sanusi, who spoke at the Kaduna State Economic Summit in Kaduna, on the theme ‘Promoting investments in the midst of economic challenges’, also lambasted leaders of the north for turning the region into an economic basket case.
On The Federal And State Governments:
Sanusi stated, “The Federal Government of Nigeria is spending 66 per cent of its revenues on interests on debts, which means only 34 per cent of revenues is available for capital and recurrent expenditures.
“That model cannot work. If you look at the 2017 budget of the Federal Government, I sometimes wonder what Nigerian economists are doing? In the 2017 budget presented by the Federal Government, the amount earmarked for debt servicing is in excess of the entire non-oil revenue of the Federal Government, but that is not the problem. The problem is that it is a budget that is even going for more debts.”
“Growth can only come from investments. It cannot come from consumption. It cannot come from government balance sheet. It cannot come from borrowing because you cannot borrow unsustainably.
“We have governors; they go to China and spend one month on a tour and what do they come back with, MoU (Memorandum of Understanding) on debts.
“China will lend you $1.8bn to build light rail. The rail workers will do this light rail from China. The trains will come from China. The engines will come from China. The labor comes from China. The driver is Chinese.
“At the end of the day, what do you benefit from it? Your citizen will ride on a train and when you ride on a train, in northern Nigeria, in a state like Kano or Katsina, where are you going? You are not going to an industrial estate to work. You are not going to school? You are not going to the farm. You borrow money from China to invest in trains so that your citizens can ride on them and go for weddings and naming ceremonies.
On the Northern Region
“We are living in denial. The North-West and the North-East, demographically, constitute the bulk of Nigeria’s population, but look at human development indices, look at the number of children out of school, look at adult literacy, look at maternal mortality, look at infant mortality, look at girl-child completion rate, look at income per capita, the North-East and the North-West Nigeria, are among the poorest parts of the world.
“As far back as 2000, I looked at the numbers, Borno and Yobe states, UNDP figures: Borno and Yobe states, if they were a country on their own, were poorer than Niger, Cameroon and Chad.
“Nobody saw this because we were looking at Nigeria as a country that averages the oil-rich Niger Delta, the industrial and commercial-rich Lagos, the commercially viable South-East, and you have an average.
“Break Nigeria into its component parts, and these parts of the country are among the poorest, if it were a country. And we do not realize we are in trouble.”
“Other Muslim nations have pushed forward girl-child education, they’ve pushed forward science and technology. They have pushed forward the arts. We have this myth in northern Nigeria, where we try to create an Islamic society that never existed.
“We need to understand the roots of the problem of northern Nigeria. Burning books, it happened in Kano. What is the crime of those books? They were writing about (love), and love apparently is supposed to be a bad word.
“In a society where you don’t love your women and you don’t love your children, you allow them to beg, you beat up your women, why should anyone talk about love?
“We have adopted an interpretation of our culture and our religion that is rooted in the 13th century mindset that refuses to recognize that the rest of the Muslim world has moved on.
“Today in Malaysia, you wake up and divorce your wife; that is fine. But you give her 50 per cent of all the wealth you acquired since you married her. It is a Muslim country. In Nigeria, you wake up after 20 years of marriage, you say to your wife, ‘I divorce you’, and that’s it.’
“Other Muslim nations have pushed forward girl-child education; they’ve pushed forward science and technology. They have pushed forward the arts. We have this myth in northern Nigeria, where we try to create an Islamic society that never existed,” he concluded.
