Sanusi backs subsidy removal, says it saved Nigeria from bankruptcy
[NigerianEye - Nigeria] - 15/09/2025
Muhammad Sanusi II, Emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the removal of the petrol subsidy saved Nigeria from bankruptcy. Sanusi spoke on Saturday at the second edition of the Kano International Poetry Festival (KAPFEST), organised by the Poetic Wednesdays Initiative. The monarch said the subsidy regime was unsustainable, noting that it placed the burden of fluctuating global oil prices, exchange rates, transportation costs and refining expenses entirely on government coffers. “Subsidy was simply the government saying, ‘If the price of petrol is N100, (…)
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