{"id":100367,"date":"2022-10-16T02:10:58","date_gmt":"2022-10-16T01:10:58","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=100367"},"modified":"2022-10-16T02:10:58","modified_gmt":"2022-10-16T01:10:58","slug":"were-leaving-mountain-of-debt-for-nigerian-children-says-sanusi","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/were-leaving-mountain-of-debt-for-nigerian-children-says-sanusi\/","title":{"rendered":"We\u2019re leaving mountain of debt for Nigerian children, says Sanusi"},"content":{"rendered":"<div dir=\"auto\">The deposed Emir of Kano and former governor of the Central Bank of Nigeria (CBN), Lamido Sanusi has berated President Muhammadu Buhari-led administration for heaping a mountain of debt for the future generation.<\/p>\n<p>Sanusi also said he was worried about the next Nigeria\u2019s president that would succeed Buhari over the critical economic conditions he would inherit.<\/p><\/div>\n<div dir=\"auto\">\nThe ex-monarch stated this in Kaduna on Saturday while addressing notable politicians at a Kaduna Investment programme titled \u201cBuilding a resilient economy.\u201d<\/p>\n<p>He explained that the country\u2019s economy has been tied to the oil and gas sector, and subsidy removal is fast mitigating the economy\u2019s growth.<\/p>\n<p>Sanusi said: \u201cIn other words, debt service is now 108 per cent of revenue. Every naira the Federal Government earns goes to service debt, and it is not enough, (as the FG) has to borrow to service the debt. And then begin to borrow to build roads, pay salaries and overheads.<\/p>\n<p>\u201cWe are leaving a mountain of debt for our children. They (children) might curse us because we are taking all the money borrowed to subsidise petrol and enjoy it cheaply.<\/p>\n<p>\u201cWe see the problem and we are going to continue. I\u2019m sorry for the next president who comes in June and says I\u2019m removing fuel subsidy after day one.\u201d<\/p>\n<div class=\"yj6qo\"><\/div>\n<div class=\"adL\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The deposed Emir of Kano and former governor of the Central Bank of Nigeria (CBN), Lamido Sanusi has berated President Muhammadu Buhari-led administration for heaping a mountain of debt for&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":82426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-100367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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