“If we do not expand economy through investment, will end up where Jonathan ended” - Sanusi

While delivering a lecture at the ongoing 15th meetings of the Joint Planning Board and National Council on Development Planning in Kano; 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.

The emir said……

“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 situation where we cannot process tomato. Tomato paste is being imported from China. It is sad.” he said.