The Federal Government on Thursday, January 16, 2025, said the transformative reforms it is implementing are not because they are easy, but essential for securing Nigeria’s long-term stability and growth.
The government which stated while responding to the criticisms of the economic policies of the President Bola Ahmed Tinubu-led administration, said it find the position of the former governor of the Central Bank of Nigeria amusing particularly as a leader, more so one from an institution that ennobles forthrightness, fairness, and justice, would publicly admit to shuffling off telling the truth because of personal interest hinged on imaginary antagonism.
Thew FG in a statement by the Minister of Information and National Orientaion, Mr. Mohammed Idris, said it noted the emir’s acknowledgement of the noble initiatives which he could explain away but for his decision “not to help the government”.
It therefore urged Emir Sanusi to rise above personal interests and partisan undertones and prioritize the greater good of Nigerians, stressing that this is a critical time for our country, and what is needed is collaboration, not unnecessary distractions.
The government said it acknowledged that Sanusi, and indeed any Nigerian, has the inalienable right to express an opinion either in the form of commendation or criticism on how the government is being run, adding however that it was pertinent to state that Nigeria is at a pivotal juncture where bold and decisive actions are necessary to tackle entrenched economic challenges.
Idris explained that the temporary pains currently experienced from the inevitable decisions, as Sanusi himself acknowledged, are a “necessary consequence of decades of irresponsible economic management” more than anything else.
The statement further said; “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. Projections from respected institutions, including the World Bank, show an upward trajectory in Nigeria’s GDP, signalling that our economy is firmly on the path to recovery.
“Additionally, by addressing inefficiencies, the country has reduced its debt service-to-revenue ratio, creating a more sustainable fiscal framework for future generations,” it said.
The federal government therefore said that it was deeply disappointing that reforms widely recognized as essential by global experts—including Emir Sanusi II himself, are now being subtly condemned by him because of shift in loyalty. According to Idris; “His Highness, given his background in economics, has a unique responsibility to contribute constructively rather than undermine reforms aimed at collective progress because he feels estranged from his “friends” in government.
“Rebuilding Nigeria requires unity, focus, and sacrifice from all stakeholders. As a government, we urge esteemed leaders to refrain from rhetoric that undermines public trust. Instead, they owe it a duty to champion the collective goal of a prosperous Nigeria.
“President Bola Ahmed Tinubu’s administration remains resolute in its mission to lead Nigeria towards economic inclusivity, sustainability, and shared prosperity.
“The challenges we face demand courage and collective effort, not divisive narratives. This administration is open to constructive dialogue with all well-meaning stakeholders while remaining steadfast in putting the interests of Nigerians above all else.
“Let history record this moment as a turning point—when leaders and citizens alike choose to prioritize the nation’s destiny over personal gain. Together, we will deliver on the promise of renewed hope and a better Nigeria for all,” he said.
