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Showing posts from September 25, 2021

Just in: Nigeria’s economy about to collapse’, Sanusi raises alarm

A former governor of the Central Bank (CBN), Alhaji Muhammad Sanusi, has said the Nigerian economy is about to collapse.... ODUN OLOJO 2021 A former governor of the Central Bank (CBN), Alhaji Muhammad Sanusi, has said the Nigerian economy is about to collapse. Speaking at the closing ceremony of the Kaduna Investment Summit, tagged KadInvest 6.0, Sanusi said aside the fact that Nigeria is having difficulties in oil production, the product is now being rejected in the global market. The former Emir of Kano said the “goose laying the golden egg for Nigeria is about to die”. He said the future lies in a knowledge-based economy, adding that Nigeria is behind many African countries in innovation index. He lamented that, while Ghana with a smaller economy invests more in education, Nigeria spends only seven per cent of its budget in that direction. “Only eight of every 100 Nigerians who start primary school completes university.” “Globally, work is being redefined; 30 to 40 per cent of worke

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