The Federal Government has stated that it does not require the support of former Central Bank Governor, Muhammadu Sanusi II, for the economic policies introduced under President Bola Ahmed Tinubu’s administration.
In a statement released by Mohammed Idris, Minister of Information and National Orientation, the government expressed disappointment over Sanusi’s recent remarks, where he declined to comment on or endorse the administration’s reforms.
Sanusi, speaking at a memorial lecture in Lagos organized by the Nigerian Bar Association (NBA), Ikeja Branch, for the late Chief Gani Fawehinmi, criticized the government’s economic policies.
During the event themed “Bretton Woods and the African Economies: Can Nigerians Survive Another Structural Adjustment Programme?”, he stated:
“I have decided not to speak about the economy or the reforms, nor to explain anything regarding them. If I explained, it would only benefit this government, and I don’t want to aid this government.”
Responding, the Federal Government accused Sanusi of allowing personal interests to cloud his judgment, describing his refusal to acknowledge the reforms as contradictory to his previous advocacy for such measures.
“While we respect Sanusi’s right to express his opinions, it is disappointing that someone of his standing would refuse to speak the truth due to a perceived personal antagonism,” the statement read.
The government emphasized that the reforms, though challenging, are essential for Nigeria’s long-term growth and stability.
It highlighted key achievements, including the unification of exchange rates, which has increased investor confidence, and the removal of the fuel subsidy, which has freed resources for critical sectors like infrastructure, education, and healthcare.
“These reforms, as Sanusi himself has previously acknowledged, address decades of economic mismanagement and are already yielding measurable progress,” the statement added.
The government also pointed to support from global institutions such as the World Bank, which has projected an upward trajectory for Nigeria’s GDP, as evidence of the reforms’ effectiveness.
The Federal Government urged Sanusi to prioritize the nation’s welfare over personal grievances and avoid rhetoric that could undermine public trust in the administration’s efforts.
“At this critical time, rebuilding Nigeria requires unity, focus, and sacrifice from all stakeholders.
“We urge leaders like Sanusi to collaborate and contribute constructively instead of creating unnecessary distractions,” the statement concluded.
It reaffirmed the administration’s commitment to driving economic inclusivity, sustainability, and shared prosperity for all Nigerians.
