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Emir Sanusi Slams Tinubu: “You Removed Subsidy, So Why Are You Still Borrowing 

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By Yusuf Danjuma Yunusa

In an assessment of Nigeria’s current fiscal trajectory, the Emir of Kano, Muhammadu Sanusi II, has questioned the Federal Government’s continued reliance on borrowing despite the removal of the petrol subsidy.

Speaking in an interview posted by News Central TV on Friday, the former Governor of the Central Bank of Nigeria, stated that while the removal of fuel subsidy and the liberalisation of the exchange rate were necessary, the timing and lack of fiscal discipline are threatening to erase the potential benefits.

According to the monarch, Nigeria’s practice of supporting foreign refineries while its domestic refining capacity remained dormant was a systemic failure that needed to be addressed.

“I have always said the subsidy regime was unsustainable. We cannot continue supporting foreign refineries. We’re an oil-producing country. Keeping refineries open abroad while we’re not doing our own,” Sanusi said.

He, however, expressed optimism over the current shift toward domestic production, noting that the country has moved from a heavy importer of petroleum products to an exporter.

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“Today, we have a situation where we have our own domestic refinery. We’re not importing petroleum products. We’re even exporting to Europe, and this is very good for the economy,” he added.

While backing the policy shifts, the former apex bank chief raised concerns over the timing and the sequence of the reforms.

He said, “Artificial exchange rates, especially when you’re printing money, cannot work. There was going to be a devaluation.

“For me, removing subsidy or liberalising exchange rates, these are good interventions. Were they done at the right time? Those are certain questions. Were there other things that should be done that have not been done? These are other issues.”

He argued that liberalising the exchange rate in a “loose monetary environment” contributed to the currency’s rapid depreciation.

“It’s not enough to say, oh, they removed subsidy. You had to. When you get to a point where 100% of your revenue goes into debt service, you cannot continue. Where is the money going to come from?

“However, if you decide to remove subsidy and liberalise exchange rates in an environment of very loose monetary conditions, before you have tightened money supply, the Naira drops to a bottomless pit. That was a timing issue.”

Sanusi went further to challenge the Federal Government’s continued borrowing despite eliminating subsidy payments.

“We’ve removed the subsidy. We’re now spending it. What we should not see is fiscal consolidation. You cannot remove wastages and continue borrowing. I’ve said this before. You need to see the benefits.

“If you’re not paying the subsidy and you’ve got the money, why are we still borrowing and borrowing? What are we borrowing for?” Sanusi questioned.

Earlier in April, the Federal Government increased its 2026 borrowing plan upward by ₦11.31 trillion, bringing the total projected borrowing for the year to ₦29.20 trillion.

President Bola Tinubu also sought the Senate’s approval on Thursday for a fresh $516 million loan to fund the Sokoto-Badagry Superhighway.

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Yusuf Muhammad Kawu Emerges as APM Candidate for Nassarawa Constituency

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Ambassador Yusuf Muhammad Kawu has officially secured the ticket of the Allied Peoples Movement (APM) to contest for the House of Representatives seat representing Nassarawa Federal Constituency in Kano State.

In a statement released to his supporters and the general public, Kawu expressed gratitude and optimism, describing his emergence as a reflection of his commitment to serve with dedication, integrity, and a clear vision for progress.

“This victory is a testament to my commitment to serve our people with dedication, integrity, and a clear vision for progress,” he said. He further appealed to constituents for their support and votes in the forthcoming election, pledging that their mandate would be his responsibility and their pride.

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Kawu emphasized that his candidacy is driven by a desire to build a stronger and more prosperous Nassarawa Constituency, promising inclusive representation and development-focused leadership.

The Allied Peoples Movement, though relatively smaller compared to Nigeria’s dominant political parties, has been steadily gaining ground in various constituencies, positioning itself as an alternative platform for candidates seeking to challenge the status quo.

As campaigns intensify ahead of the general elections, Kawu’s emergence sets the stage for what could be a competitive race in Nassarawa Constituency.

 

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Veteran Broadcaster And Ex-MD ARTV, Radio Kano Adamu Getso Dies At 75

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Former Managing Director of Abubakar Rimi Television (ARTV) and the Kano State Radio Corporation, Alhaji Adamu Ibrahim Getso, is dead.

The veteran broadcaster reportedly passed away on Saturday at the age of 75 after a prolonged illness.

A native of Getso town in Gwarzo Local Government Area of Kano State, the late media administrator was widely respected for his significant contributions to broadcasting, public communication, and information dissemination in Kano State.

During his distinguished career, Getso served as Managing Director of Abubakar Rimi Television during the first tenure of former Kano State Governor, Senator Rabiu Musa Kwankwaso between 1999 and 2003. He later headed the Kano State Radio Corporation during Kwankwaso’s second tenure as governor.

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The late broadcaster earned widespread recognition through his role in anchoring popular Hausa-language programmes, including Hukuma da Jama’a (Government and the People) and Aiki Sai Mai Shi, which focused on government policies, public affairs, and development programmes.

Colleagues and admirers described him as a dedicated professional who used the media as a platform for public enlightenment and civic engagement.

His contributions to the growth of public broadcasting in Kano and his commitment to promoting government-citizen communication earned him respect across the media industry and beyond.

Alhaji Adamu Ibrahim Getso is survived by his wives, children, grandchildren, and other relatives.

Funeral arrangements are expected to be announced by the family.

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Kidnappers of Ex-army General Release Video, Demand Livestock, Members’ Release

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By Yusuf Danjuma Yunusa

The abductors of retired Major General Rabe Abubakar, former Director of Defence Information, and his wife released a video on Saturday showing the couple in captivity.

The couple were abducted along the Marabar Musawa–Kafinsoli road in Matazu Local Government Area of Katsina State, near Zakin Baure village.

In the four-minute video circulated on social media, the wife of the retired general was seen conveying the abductors’ demands, Daily Trust reports.

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The demands included the release of three of their members identified as Sani, Aminu and Nasiru, as well as the return of livestock allegedly seized from them.

According to her account, two of the detained individuals were arrested in Jikamshi while the third was arrested in Kano.

She also appealed to the Katsina State Government and leaders of five local government areas to facilitate compliance with the demands to secure their release.

The retired general, who spoke briefly in the video, called for efforts to ensure peace, adding that the abductors had expressed interest in dialogue and peaceful coexistence.

Daily Trust also reports that notorious bandit leader Kachallah Muhammad, who operates in parts of Katsina State, had reportedly established communication with the family of the retired general.

As of the time of filing this report, neither the Katsina State Government nor security agencies had issued an official statement on the video.

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