• Membership
  • Advert Rates
  • Careers
  • About Us
  • Contact Us
  • Digital Store
Sunday, June 1, 2025
The Trumpet Newspaper Nigeria
No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
No Result
View All Result
The Trumpet Newspaper Nigeria
No Result
View All Result
ADVERTISEMENT
Home News

FG responds to Emir Sanusi’s critique on economic reforms

Paul Joseph by Paul Joseph
January 16, 2025
in News
Reading Time: 2 mins read
0
FG responds to Emir Sanusi’s critique on economic reforms
0
SHARES
7
VIEWS
Share on FacebookShare on TwitterShare on LinkedinShare on WhatsAppShare on Pinterest
The Federal Government has issued a strong response to recent remarks by Muhammadu Sanusi II, the Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), criticizing the economic policies of President Bola Ahmed Tinubu’s administration. Sanusi made the comments on Wednesday during the 21st Gani Fawehinmi Memorial Lecture in Lagos, where he expressed reluctance to advise the government on its economic reforms, citing personal grievances.

Sanusi remarked, “I have decided not to speak about the economy or the reforms, nor to explain anything regarding them. If I explained, it would only benefit this government, and I don’t want to aid this government. They’re my friends. If they don’t behave like friends, I don’t behave like a friend. So, I watch them being stewed, and they don’t even have people with credibility who can come and explain what they’re doing. But I’m not going to help.”

In a swift rebuttal, Mohammed Idris, the Minister of Information and National Orientation, expressed surprise at Sanusi’s stance. In a statement on Thursday, Idris acknowledged Sanusi’s right to an opinion but criticized his decision to withhold insights at a critical time for Nigeria. He emphasized that the country is undergoing transformative reforms aimed at addressing decades of economic mismanagement and building a more sustainable future.

ADVERTISEMENT

Idris said, “Nigeria is at a pivotal juncture where bold and decisive actions are necessary to tackle entrenched economic challenges. This administration has implemented transformative reforms not because they are easy, but because they are essential for securing Nigeria’s long-term stability and growth, as Emir Sanusi had consistently advocated. The temporary pains currently experienced from these inevitable decisions are a ‘necessary consequence of decades of irresponsible economic management.’”

Read also: Gov. Oborevwori suspends aide over fraud allegations

Highlighting some of the administration’s achievements, Idris pointed to the unification of exchange rates, which has bolstered investor confidence and strengthened foreign reserves. He also noted that the removal of the fuel subsidy has freed up resources for critical sectors such as infrastructure, education, and healthcare. He cited projections from reputable institutions, including the World Bank, which suggest a positive trajectory for Nigeria’s GDP as evidence that the reforms are yielding results.

The minister expressed disappointment in Sanusi’s perceived shift in loyalty, describing it as a failure to prioritize national interests over personal grievances. He urged the Emir to rise above partisan considerations and champion the collective goal of rebuilding Nigeria. “Rebuilding Nigeria requires unity, focus, and sacrifice from all stakeholders. As a government, we urge esteemed leaders to refrain from rhetoric that undermines public trust. Instead, they owe it a duty to champion the collective goal of a prosperous Nigeria,” Idris stated.

He also reaffirmed the administration’s commitment to inclusivity, sustainability, and shared prosperity, calling for constructive dialogue with stakeholders to navigate the nation’s challenges.

Sanusi, who served as CBN Governor during the Great Recession in Africa, is known for his bold reforms in the banking sector, including the rescue of top-tier banks with over ₦600 billion in public funds and the prosecution of executives for financial mismanagement. His tenure cemented his reputation as a fearless economic reformer, making his recent criticisms particularly notable.

Previous Post

Wike revokes land allocations of Bayelsa, Imo Governors, Senate Leaders over unpaid C-of-O fees

Next Post

Funke Akindele, Tunde Olaoye crowned highest-grossing directors of 2024 – Filmone Cinemas

Paul Joseph

Paul Joseph

Next Post
Funke Akindele, Tunde Olaoye crowned highest-grossing directors of 2024 – Filmone Cinemas

Funke Akindele, Tunde Olaoye crowned highest-grossing directors of 2024 – Filmone Cinemas

About The Trumpet

The Trumpet is a Nigerian based national news media, owned, trademarked and operated by Elomaz Communications Limited with headquarters in FCT-Abuja and regional offices in Lagos and Delta States

Follow Us

Resources

  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

Recent News

LinkedIn lays off 281 employees across California as Microsoft’s AI strategy reshapes workforce

LinkedIn lays off 281 employees across California as Microsoft’s AI strategy reshapes workforce

May 31, 2025
Delta polytechnic rector urges 53,432 graduands on being institution's loyal ambassadors

Delta polytechnic rector urges 53,432 graduands on being institution’s loyal ambassadors

May 31, 2025
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Go to mobile version
Verified by MonsterInsights