Economic mismanagement of last 10 years can’t be reversed in six months or one year— Sanusi Lamido

Economic mismanagement of last 10 years can’t be reversed in six months or one year— Sanusi Lamido

A former Governor of the Central Bank of Nigeria (CBN) and the 14th Emir of Kano, Muhammadu Sanusi II, has said it will require more than one year for the country’s economy to recover from 10 years of mismanagement.

Sanusi made the statement on Thursday, May 23, as a keynote speaker at the 2024 Rivers State Economic and Investment Summit in Obi Wali International Conference Centre, Port Harcourt.

He said: “The decision to centre governance around economic development through investment promotion is a very thoughtful and great decision by the government of Rivers State.

“This is more so because the reform of an economy whether state or the federation at large requires difficult decisions, it involves policies that will be painful and unpopular which usually don’t go down well with the politicians.

“But that is the only way to guarantee a better future for the people. At this point it is important for us as Nigerians to be realistic, the mismanagement of the last ten years will not be undone in six months or one year”.