Emir of Kano, Alhaji Muhammad Sanusi, yesterday, attributed the current economic recession in the country on the inability of past administrations to diversify the economy.
He made the remark while delivering a lecture at the ongoing 15th meeting of the Joint Planning Board and National Council on Development Planning in Kano.
Sanusi said there is urgent need for the country to return to the drawing board and expand the economy through wise investment for growth and development.
“If we do not expand the economy through wise investment, we can end up in classical Malthusian situation. If this government continues to behave the way past governments behaved, we will end up where Jonathan ended.”
He said a situation where one sits down with a telephone call to make N1 billion without investing a single kobo, that system is wrong and unsustainable.
The emir lamented that in spite of past experiences that “we had on our socio-economic challenges”, the country is still making the same mistakes as we cannot process tomato paste.
“A situation where we cannot process tomato, tomato paste is being imported from China. It is sad,” he said.

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