Sanusi bounces on Tinubu's palliative measure, economic policy

  • President Bola Tinubu has been commended for the condition of cash transfer and other palliatives that his administration embarked upon to cushion the effect of the fuel subsidy removal
  • Muhammadu Sanusi, the former Emir of Kano, stated that the palliative was the short-term plan to sustain the removal of the fuel subsidy
  • The former CBN governor maintained that the long-term plan for the fuel subsidy removal was to reduce the overreliance on the use of petrol

Ikeja, Lagos – Muhammadu Sanusi, the former Emir of Kano and ex-governor of the Central Bank of Nigeria (CBN), has disclosed that the only way to a long-term solution to remove the fuel subsidy completely was through the reduced dependence on petrol.

According to Vanguard, the economist commended President Bola Tinubu for introducing the conditional cash transfer to cushion the effect of removing the fuel subsidy.