Wednesday, 26 June 2019

Nigeria on the Verge of Bankruptcy: Emir of Kano Meant Well For Nigeria - Henshaw Ogubike

As against online reports claiming that the Emir of Kano, HRM Muhammadu Sanusi II declared that Nigeria is on the threshold of bankruptcy, following unfavorable economic policies, such as subsidizing Petroleum products and Electricity tar riffs, the Office of the Accountant General of the Federation has issued a statement to set the record straight.

According to Henshaw Ogubike, Deputy Director, Press and Public Relations, Office of the Accountant General of the Federation, the statement credited to the Emir ‘ is not true, as the respected Emir was only advising Government to consider gradual withdrawal of subsidy on Petroleum products and Electricity tariffs to enable the Government have resources for infrastructure, Education and Health care. The Royal father was quoted out of context. We therefore hasten to call on the general public to disregard these on-line misrepresentations of facts.’’

In addition, the Emir suggested the way forward to Government by advising the present administration to take a second look at the issue of subsidy, that Nigerians deserve and expect transparency and accountability in the management of the nation's Treasury.

The Emir further advised that government should look at the components of petroleum products and do the needful.

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