I’m sorry for the next president – Sanusi

Former Emir of Kano, Lamido Sanusi has said he feels sorry for the next president after Muhammadu Buhari

Sanusi stated this in Kaduna on Saturday while addressing notable politicians at a Kaduna Investment programme titled “Building a resilient economy.”

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.”

3 Comments

  1. How are we going to survive this when debt services is 108%, that means whatever we do in the country is on debt

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