Emir Sanusi Commends CBN, Calls for Leaner Government Spending

The Emir of Kano and former Central Bank Governor, Khalifa Muhammadu Sanusi II, has praised the Central Bank of Nigeria for restoring monetary stability and commended ongoing tax reforms under the Tinubu administration. Speaking at the Nigerian Economic Summit, he said recent policies, including exchange rate unification and subsidy removal, have pulled the economy back from instability and boosted growth beyond population levels.

Sanusi noted improvements in reserves, inflation, and GDP performance, describing them as signs of renewed confidence in the economy. He, however, cautioned that fiscal inefficiencies could undermine these gains if not addressed.

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The Emir urged government to cut the cost of governance, reduce political appointments, and channel spending toward sectors such as agriculture and power. He also stressed that better-quality expenditure and sustained reforms were key to long-term economic recovery and diversification beyond oil.