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Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure (32977 Views)

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Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by TheGoodJoe(m): 2:52pm On Jun 14, 2020
chaloskyx:
O really but when you were CBN governor and had the capacity to propose monetary policies u never raised any objection to the high cost Nigerian govt is run cause you directly benefited from it. but as usual with you politicians once you are voted out of office you suddenly begin to see things clearly like we common masses cause you no longer benefit from the high cost of governance. all of you are the same if anyone is going to change things its definitely not you or any past political office holder all you would be know for like all other politicians is that you were responsible for the demise of this country Nigeria
Emir Sanusi in 2011.

Mallam Sanusi blamed the problem of Nigeria’s underdevelopment on faulty structures that make the states spend about 96% percent of their resources paying salaries and allowances as against making capital investments.

As a person in a position to know all these things, being the Central Bank Governor, Sanusi also wondered how the Federal Government can successfully carry out capital Projects that will impact on the lives of 150 million Nigerians with only 30% percent of its revenue when it has expended 70 percent of its revenue paying salaries and overhead. And based on this, he called for the merging of the states, local council authorities and the Federal ministries as the only thing that can help Nigeria develop.

https://www.google.com/amp/s/www.vanguardngr.com/2011/11/high-cost-of-governance-and-national-development/amp/


Say what you know. Sanusi always spoke about this and fought against it.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by TheGoodJoe(m): 2:55pm On Jun 14, 2020
brexit:
The country has been experimenting this structure for long, why did you not stop it as a CBN Governor, but you were busy using our money to sponsor religious issues now that you are out of office you are talking, please we won't accept this, wait for your own turn again if it will come, first degree alone does not make one an economist

Emir Sanusi was also on this crusade even as a central bank governor.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by afecgivers: 2:57pm On Jun 14, 2020
Late prophecy!
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by kudinkarfe: 2:58pm On Jun 14, 2020
Sanusi, Keep quiet or I will call Gandollar
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Olabode971(f): 3:05pm On Jun 14, 2020
Sanusi, no be today... E don tey weh the country don enter bank weh corrupt.

#Las las, Nigeria go divide some day, And everyone go get breathing space; But right now; NigeriaCantBreathe.

2 Likes

Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by bakynes(m): 3:05pm On Jun 14, 2020
We should have never moved away from the paliamentary system of Governance we adopted from the British. It is cost effective, where the Prime minister is a member of the parliament, ministers are also members of the parliament (same party as the prime minister who appoints them), Administrators of each state and Council are also members of the parliaments and also serve as the representative of the people from their constituents. Unlike the current system we have 80% of our earnings goes into their pockets and other recurrent expenidtures in each state civil service.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by yesloaded: 3:07pm On Jun 14, 2020
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by MICHEALADEX(m): 3:08pm On Jun 14, 2020
Where is he speaking from
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Excuses: 3:09pm On Jun 14, 2020
Shut the Bleep up,you miserable miserable man..when you were busy buying rolls Royce worth millions of naira..it didn't occur to you that Nigeria will go bankrupt one day..you have eaten out your share. radical Sanusi talking any how..u think people don't know about ur dirty deals..

Always claiming a saint..who doesn't know Nigeria may go bankrupt.. sorry for those who admire these pen robbers always acting defensively..
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Angelfrost(m): 3:11pm On Jun 14, 2020
Country that has been bankrupt even before Covid-19...
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by blackboy(m): 3:14pm On Jun 14, 2020
We are already bankrupt. Dont wait till FEC tells us. The signs are there. Na so so borrow borrow every month. Who we never borrow from ?
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by sart(m): 3:15pm On Jun 14, 2020
This man is always spot on. We need a vibrant and elegant leader of his caliber. We have suffered too much with these set of leaders. God help us through this.

Meanwhile, it is important to stay updated with reliable information and adequate knowledge @helpfindhow.com, knowledge is obviously for everyone.
https://helpfindhow.com/how-do-they-make-paper-from-trees/
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by MoIbrahim: 3:24pm On Jun 14, 2020
Redoil:
please my people keep kindly help me ask sanusi how much was missing under gej

a 50 billon

b. 20 billion

c. 10 billion

The fact that Deziani and co are still on run answers your question
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Jamesbiodun(m): 3:25pm On Jun 14, 2020
the cost of governance is really high with high alacrity of looting
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Yankee101: 3:30pm On Jun 14, 2020
Tell your short friend elrufai and his minister of finance nominee Zainab and President buhari that you helped bring
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by intruder15(m): 3:34pm On Jun 14, 2020
papiforreal:


https://punchng.com/nigerias-governance-structure-set-up-for-bankruptcy-sanusi/

Sanusi. Always on point. Except when he instigated for #5000 naira bill. He was obviously being pushed because he was preaching cashless policy same period.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by InvertedHammer: 3:37pm On Jun 14, 2020
/
Nigeria is already bankrupt.

A mono-product economic nation that is borrowing to cover budget deficits won't be said to be bouyant financially.

/
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Miyachi: 3:37pm On Jun 14, 2020
festacman:

US presidential system has the same heavy cost burden but their excellent management of economy counterbalances well. Recall how much the country budgeted for COVID-19 stimulus. Nigeria is rich in factors of production but we lack leadership and infrastructure to drive production. It is not late to start today.

I think it's pretty late for Nigeria, it's downhill from here. We can't compete, not on a global scale (with China, Japan, US?). The only thing we had going for ourselves was oil and even that we messed up. We couldn't even build infrastructure to unlock the potential that our oil had. The proceeds have largely been squandered or looted. You have a workforce that isn't highly skilled, epileptic power supply. No matter which way you look at it, it's very depressing.

You fail to see that while the US has a "heavy cost burden", it's mode of governance is orders of magnitude more effective than the Nigerian copy will ever be. Why is that? Because it's been tried and tested to work for them. While US is considered the melting pot of the world, her people are homogeneous in their sense of patriotism and social welfare.

The Nigerian government in itself is just an institutionalized extortion machine.

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Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by DonroxyII: 3:39pm On Jun 14, 2020
festacman:
I agree with RATIONAL Sanusi on the need to cut governance costs although I believe that the problem has more to do with LEAKAGES caused by corruption done by both highly and lowly placed civil servants as well as public servants than it has to do with actual overhead costs. Reforms like TSA and IPPIS have helped but more need to be done.
. It is not late to start today.
It is the overhead bro ..... They all stole money via Overheads ... Cut the Overheads by 50% and corruption will automatically reduced by 70% !!

The reason EFCC can't successfully prosecute most of them than deal/plea bargaining is due to the Overhead being the front for the stealing !!
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Bimpe29: 3:52pm On Jun 14, 2020
We are have been unserious overtime.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by DonroxyII: 3:53pm On Jun 14, 2020
YorubaKinging:
Yes, Nigeria might go bankrupt

But the selfish politicians will never go bankrupt

NIgeria is a failure

But God will fight for the poor

Just watch
They will all go Bankrupt.... Most of them only have money while in power immediately after power they turn to beggars from there friends that assume power .... Once non of your friend is in power, Bankrupt is sure !!

That's why they go fire to death to keep being in power or ensure there goon is there ....

Nigeria will surely go Bankrupt there is no doubt about this .... Once Oil lost relevance , our eyes go clear ... I only pity Nigerians whose hustles ain't tight right now .... Imagine just Corona , our government is running helter and skelter...

Paddy paddy Government grin
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by tonsen44: 3:53pm On Jun 14, 2020
No hope of good living with our present set of leaders.........God have mercy



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Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by riches4me(m): 3:54pm On Jun 14, 2020
004gist:
You have started again. Untill they gang up against u again
He who is down fears no fall
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by internet: 3:54pm On Jun 14, 2020
very soon China will balance Nigeria some money and Nigeria will be theirs. because this useless APC he goats/morons have already sold 75% of this country.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by DonroxyII: 3:58pm On Jun 14, 2020
CuriousX:
Political Ambition Spotted grin Sanusi For President 2023 Fear North oo for Politics matter. This is a Man who is intelligent and has sympathy in the South oo. Who will the South Bring that has sympathy in the North? Nobody undecided
The North is the Problem while my Southwest is the supporting striker while Southeast doesn't prove Trustworthy and SouthSouth are too divided to force common front .... Middle belts don't understand themselves whether they wanna go up North or Join South !

Nigeria is just an experiment by Luggard instituted to fail .... My problem is if someone do something in 1914 why is it so difficult to undo till 2020 .... There great Grandchildren are still the one controlling this nation till date grin

It is not working and they all know it won't work

1 Like

Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by riches4me(m): 3:58pm On Jun 14, 2020
I pray to God Almighty that everything should fall very very very soon. This is where the so called abokis have taken us as a country. Selfish partisan tribalistic illiterates.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Nobody: 3:58pm On Jun 14, 2020
Its a pity SANUSI,the younger generation are not talking about that,they are talking about El rufai,Tinubu,all attaching sentiments to their discourse... SANUSI,it is a failed state ooo.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by soso22(m): 4:03pm On Jun 14, 2020
Oga Sanusi allow others naw,you have eaten your own cake clean mouth abi!
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by kolade560: 4:16pm On Jun 14, 2020
All we need to do is to reduce cost of governance by reducing senators, reps, ministers and political appointees salary and emoluments by 35 or 40 %..... the structure is not bad.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by Urchman200: 4:22pm On Jun 14, 2020
I take his advice ooo, but this same man believed so much on luxurious life style,with his flirt of cars as emir in a region with highest poverty rate ,but I believe so much on taking the message instead of the messenger.
Re: Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure by DonroxyII: 4:24pm On Jun 14, 2020
richiepolymer:
This is why your brothers up north don't like you. The more you speak they feel like killing you but truth is, they know you're being blunt and they'll rather have the present structure than to restructure. Even if it means borrowing and placing the next 50 generations in debt.
The Northern Philosophy is Tomorrow will take care of itself .... They enjoy all what today can bring and if tomorrow brings nothing, so be it.

The Southern Philosophy differs ... they save for their generations !

The Northern Philosophy needs to change before Nigeria can witness considerable growth and development .... They have considerable power of this country ... Southern Division gives them this power !

1 Like

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