Alhaji
Muhammad Sanusi, the Emir of Kano, yesterday attributed the current
economic recession in the country to inability of the past
administrations to diversify the economy.
He made the remark while delivering a lecture at the ongoing 15th
meetings of the Joint Planning Board and National Council on Development
Planning in Kano.
“If we do not expand the economy through wise investment, we can end
up in classical Malthusian situation. If this government continues to
behave the way the past government behaved, we will end up where
Jonathan ended.”
He said in a situation where one sits down with a telephone call to
make one billion Naira without investing a single Kobo, that system is
wrong and unsustainable.
He lamented that in spite of the past experiences we had on our
socio-economic challenges, the country was still making the same
mistakes as we cannot process tomato paste. “In a situation where we
cannot process tomato. Tomato paste is being imported from China. It is
sad.”he said
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