A former Governor of the Central Bank of Nigeria (CBN), Muhammad Sanusi, has said 35 years of progress in the country has been wiped out.

According to him, there is a need to ensure that Nigeria records growth in its economy.

Sanusi stated this on Saturday at a colloquium to mark his 60th birthday.

The former Emir of Kano claimed he had paid the price for speaking out about socio-economic and security issues.

Sanusi also claimed if things don’t change soon, Nigeria will get to a point where the average citizen’s income will be similar to that of 1980.

He said: “The reason I have not spoken much in two years is because I don’t even have to say anything anymore. All the things we were warning about have come.

“According to the World Bank, where were we in 2019? At this rate, in the next two years, in terms of purchasing power parity, the average income of a Nigerian would have gone back to what it was in 1980 under Shehu Shagari. That means in 40 years, we made zero progress; 40 years wasted.”

Sanusi added that based on the index of the purchasing power of the average income of Nigerians, “we have wiped out all the progress made in 35 years.”

Source: https://dailypost.ng/2021/08/15/nigeria-going-back-to-1980-sanusi/

We are back to extreme suffering of 1980s

Smash

Very true. It’s as if this 8 years was spent pulling back every development in the country

I will disagree a bit. If the level of income becomes that of 1980, and the purchasing power carries same weight, that will be okay.

What we have now is similar to the days of Structural Adjustment Program of 1986 to 1990.

This one just dey wake up nii? Was there a time we left 1980 we've been there all along. Infact buhari relegated the country to 1678AD

BMC Southwest branch aka PONMO BOYS are exempted from this suffering though...

After displaying their Id card,they buy fuel for ₦100 per litre, rice ₦200 per derica,a basket of tomatoes for ₦1000 and a 3 bedroom flat in Ikoyi,Lekki,VI for 200k yearly,train rides discount across lagos all from their ₦30,000 salary and ₦10,000 tradermoni stipends...

Those complaining about Nigeria are Wailers,lazy Nigeria youths and those who couldn't profit from corruption....SAI BABA!!!

As a dog returns to his vomit, so a fool repeats his folly.

כְּ֭כֶלֶב שָׁ֣ב עַל־קֵאֹ֑ו כְּ֝סִ֗יל שֹׁונֶ֥ה בְאִוַּלְתֹּֽו

Proverbs 26:11


Our leaders particularly the presidency is a living prophecy and nothing more.

lol

We need everyone to act right

Emir Sanusi Lamido Sanusi knows where Nigeria got it all wrong and he is also part of the problem.

Nor be juju be that?

Noted

Nigeria is just going back on a daily basis

One Nigeria will forever be a failed project. Something similar to what is happening in Afghanistan will crystallize in Nigeria in no distance time .

Just six years of Buhari in power, Nigeria has witnessed it's worst dismay under this current rigime

when a cow is ruling

If the country does not split, we will soon find ourselves in 1860's. Some group are hell bent on dragging others back.
Shebi on the other news, NAPTIP will use town criers for their awareness campaign .....in 21st century .
We never see something sef.

Talk, just talk what has he done for his community and Wards¿??

If only we stop deceiving ourselves and being deceived.

They all know that this current administrative has set Nigeria back, is a pity that some monthly paid digdons 30k still working till today, posterity will judge them all.

1980 for better for us o, only say phones and internet no dey

80's WERE GOOD AT LEAST OUR HAS VALUE THEN.

Regretfully APC has brought us shame and disgrace rather than something positive

Hmmm

NamelessOGBENI:
As a dog returns to his vomit, so a fool repeats his folly.

כְּ֭כֶלֶב שָׁ֣ב עַל־קֵאֹ֑ו כְּ֝סִ֗יל שֹׁונֶ֥ה בְאִוַּלְתֹּֽו

Proverbs 26:11


Our leaders particularly the presidency is a living prophecy and nothing more.

I couldn't have said it better... Buhari and the entire northern Nigeria na PLAGUE .. I believe we will be better off without both parties buhari and his cohorts .

I thought he was part of the agenda, now that he has been sidelined he wants to cry fowl.