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Nigeria @60: Sanusi supports FG on subsidy removal
Oct 2, 2020
Sanusi, who was also a former Governor of the Central Bank of Nigeria (CBN) gave the support at “The PlatformNG60” organised by Covenant Christian Centre in Lagos, anchored by Pastor Poju Oyemade.
The News Agency of Nigeria (NAN) reports that the Platform is non profit initiative by Covenant Christian Centre, which is aimed at empowering Nigerians with insights and skills needed for economic transformation and ensuring good governance.
Sanusi also said that the reforms by the current government would give positive results if well implemented.
He said that the removal was long overdue considering the current economic realities.
“As a result of COVID-19, Nigeria has finally come round to been realistic; we were paying billions of dollars as subsidy.
“It’s been going on for 20/30 years and we complained about the economic situation we were in today, but there is nothing that surprises me.
“If we are honest ourselves and anyone who studied economies could see that this subsidy we needed to end it.
“It’s something we could have stopped as far back as 10 years ago not just with this government, but with the previous governments,” Sanusi said.
He said that the Federal Government had commenced implementation of some reforms that needed to be continued to achieve growth and development.
“In the last few months, this government has started implementing certain reforms that if we continue along those lines, we will begin to see the light.
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