Reasonable and Constructive Message From Emir Sanusi of Kano

                                 

Among other producing countries in Africa, Nigeria has been on a borrowing bench, borrowing domestically to fund current expenditure. The growth of Nigeria was driven largely by rising commodity prices and debt, and the module has reached the logical limit such as the collapse in oil price. 
According to the International Monetary Fund (IMF), the Federal Government of Nigeria is spending 66% of its interest revenue on debt, which means only 34% of its revenue is available for capital expenditure, recurrent expenditure and development. 

The 2017 budget presented by the Federal Government is a budget that goes for more debt. As a country, we must understand that the module of government borrowing and spending has reached its limit, therefore growth must only come from investment. A nation and a state is only transformed by vision, once that vision is lost every other thing around the vision collapses. The growth of an economy will not come by borrowing.
I urge the northern leaders to focus more on education, health sector especially in the north and to use their resources to deal with the issues of poverty in their region. - Muhammadu Sanusi II