The Emir of Kano, Alhaji Sanusi Lamido Sanusi has blamed the inability of past administrations to diversify the economic for Nigeria’s current economic recession.
Sanusi made the remark on Wednesday while delivering a lecture titled, “Nigeria In search of new growth model” at the ongoing 15th meeting of the Joint Planning Board and National Council on Development Planning in Kano.
He said if wise investments were not made by the Buhari administration it may end up like the Jonathan administration.
“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 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.