15th August, 2021
Agency Reports
The former Emir of Kano, Muhammad Sanusi II, said 35 years of progress in the country has been wiped out.
“According to the World Bank, where were we in 2019? At this rate, in the next two years, in terms of purchasing power parity, the average income of a Nigerian would have gone back to what it was in 1980 under Shehu Shagari.
“That means in 40 years, we made zero progress; 40 years wasted.”
Sanusi added that based on the index of the purchasing power of the average income of Nigerians, “we have wiped out all the progress made in 35 years.”
He said he had paid the price for speaking out about socio-economic and security issues.
Sanusi spoke at a colloquium to mark his 60th birthday, saying there is a need to ensure that Nigeria records growth in its economy
Sanusi also warned that if things don’t change soon, Nigeria will get to a point where the average citizen’s income will be similar to that of 1980.
“The reason I have not spoken much in two years is because I don’t even have to say anything anymore. All the things we were warning about have come”.