We cannot afford to continue borrowing to consume, says Sanusi | The Guardian Nigeria News


Former Kano Emir Lamido Sanusi yesterday called on the country to “put the country on the path to fiscal sustainability.”
Sanusi, who spoke at the unveiling of his book “For the Good of the Nation,” said the country could not continue to borrow to finance consumption. He cautioned against reckless borrowing, saying it is a sacrifice that must be made now.

The book, a collection of essays and perspectives, was unveiled on the occasion of its 60th anniversary. The former governor of the Central Bank of Nigeria (CDN) also insisted that Nigeria had a lot to gain from staying united. He rejected secessionist groups, noting that “those who say Nigeria will separate do not know what they are talking about”.

Sanusi, however, said criticism of the way the country is governed would continue because “we really love Nigeria.”
He said the biggest lesson he learned in life is that it’s great to be Nigerian. “We will keep Nigeria together. If we complain, it’s because we love him, ”he said.

He added that proceeds from the book launch would be channeled to his cause on girls’ education in line with the United Nations (UN) Sustainable Development Goals (SDGs). “The money would be funneled into a trust fund that seeks to raise $ 2 million over the next five years to fund the cause.”

He lamented that many young girls finish high school but lack the support to access higher education. He said the company should be able to provide the necessary support.

Access Bank Plc CEO Herbert Wigwe said efforts to raise funds were on track and the response was overwhelming. Sanusi’s successor Godwin Emefiele, who led the fundraiser, praised the cause and informed that the committee of bankers had agreed on what he would do. Emefiele said the government cannot do everything and called on Nigerians to support the cause.

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