Emir of Kano, Muhammadu Sanusi II, has stated that the failure of successive governments is the reason Nigeria's economy is in recession.
According to him, government needs to urgently go back to the drawing board and expand the economy through wise investments.
“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 a situation where we cannot process tomato. Tomato paste is being imported from China. It is sad.”he said.
He spoke while delivering a lecture at the ongoing 15th meetings of the Joint Planning Board and National Council on Development Planning in Kano.