By Jessica Osajie / Posted January 16, 2025
The 21st Memorial Lecture to honour Chief Gani Fawehinmi yesterday January 15, became the perfect venue between the federal government represented by Minister of Information and National Orientation, Alhaji Mohammed Idris, and former Central Bank of Nigeria Governor, Emir Muhammadu Sanusi Lamido II, to go for each other’s jugular about positions on the economic policies of the government.
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The exchange between them underscores the tension between government policy and public critique by influential figures. While the Federal Government emphasizes its authority and independence in implementing policies for the nation’s benefit, Sanusi’s remarks highlight dissatisfaction with the administration’s approach to addressing economic challenges.
Sanusi’s comment during the Lecture reflects his disapproval of the government’s perceived inability to communicate effectively or surround itself with credible advisors. His assertion that he won’t offer help to the administration of President Bola Tinubu or offer advice on the way out the current economic challenges unless the government changes its ways, embracing accountability and competence.
The former CBN Governor said, “I don’t want to help the government. They are my friends, but if they don’t behave like friends, I won’t act like one. So, I watch them struggle, and they don’t even have people with credibility to explain their actions,” the Emir said.
“But I’m not going to help. I started out offering advice, but that’s not happening anymore. Let them come and explain to Nigerians why they are pursuing these policies. In the meantime, I’ll sit back and enjoy a good movie with popcorn.”
He described the current hardship as a consequence of years of poor economic governance.
“We were warned repeatedly, but no one listened. Now, is everything being done today correct? No,” he noted
On the other hand, the Minister’s response underscores the government’s resolve to push forward with its agenda without necessarily seeking the validation or support of notable individuals. This exchange not only reveals the disconnect between the administration and some prominent figures but also highlights the broader challenge of fostering trust and collaboration in addressing Nigeria’s economic issues.
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However, Idris, in a statement in Abuja on Thursday acknowledged that Sanusi had a right to express his opinion on the state of affairs in the country but added that the Federal Government has many transformative reforms for a better Nigeria, expressing disappointment that Sanusi condemned those steps due to personal interest.
“We find it amusing that a leader, more so, one from an institution that ennobles forthrightness, fairness, and justice would publicly admit to shuffling off saying the truth because of personal interest hinged on imaginary antagonism,” he said.
“It is pertinent to state that Nigeria is at a pivotal juncture where bold and decisive actions are necessary to tackle entrenched economic challenges.
“This administration has implemented transformative reforms, not because they are easy but because they are essential for securing Nigeria’s long-term stability and growth, as he, Sanusi had consistently advocated.
“The temporary pains currently experienced from these inevitable decisions, as Sanusi himself acknowledged, are necessary consequence of decades of irresponsible economic management, more than anything else.
“These reforms are already delivering measurable progress. The unification of exchange rates has bolstered investor confidence, which has contributed to increased foreign reserves and strengthened Nigeria’s ability to shield itself from external economic shocks.
“The removal of the fuel subsidy has freed up significant resources, allowing for greater investment in critical sectors such as infrastructure, education, and healthcare.
“We urge the Emir to rise above personal interests and partisan undertones and prioritise the greater good of Nigerians.
“Rebuilding Nigeria requires unity, focus, and sacrifice from all stakeholders. As a government, we urge esteemed leaders to refrain from rhetorics that undermine public trust.
“Instead, they owe it a duty to champion the collective goal of a prosperous Nigeria. This is a critical time for our country, what is needed is collaboration, not unnecessary distractions.
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“President Bola Tinubu’s administration remains resolute in its mission to lead Nigeria toward economic inclusivity, sustainability, and shared prosperity.
“This administration is open to constructive dialogue with all well-meaning stakeholders, while remaining steadfast in putting the interests of Nigerians above all else,” Idris said.
The discourse raises essential questions about the role of influential individuals like Sanusi in shaping or critiquing government policy and the need for a unified approach to tackle the pressing economic concerns facing the country.
NOTE: Jessica is on Student Industrial Work Experience Scheme (SIWES) at DDNEWSONLINE.COM from the Department of Mass Communication, National Open University of Nigeria (NOUN).