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How Buhari Wasted Progress Of 40 Years Made Since 1980 – Sanusi Explains
- “At this rate in the next two years in terms of purchasing power parity, the average income of a Nigerian would have gone back to what it was in 1980 under Shehu Shagari. That means, in 40 years, no progress, we made zero progress. 40 years wasted,” Sanusi posited.
The deposed Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi, has said that Nigeria in the last 40 years as a country, has made zero economic progress.
Sanusi made the criticism at a colloquium, which was organized in honor of his 60th Birthday in Kaduna.
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“In 1980, Nigeria’s GDP per capita on purchasing power parity basis was $2,180. In 2014, it appreciated by 50 per cent to $3,099. According to the World Bank, where were we in 2019? $2,229.
“At this rate in the next two years in terms of purchasing power parity, the average income of a Nigerian would have gone back to what it was in 1980 under Shehu Shagari. That means, in 40 years, no progress, we made zero progress. 40 years wasted,” Sanusi posited.
He further added that, “Between 2014 and 2029, on the basis of this index of the purchasing power of the average income of an average Nigerian, we have wiped out all the progress made in 35 years.”
Recall that the Federal Government recently claimed that the administration of President Muhammadu Buhari has lifted over 10 million Nigerians out of poverty, and that no government has invested in infrastructure as Buhari has done.
On Saturday, August 15, 2021, an online medium, Gazette, revealed how Kaduna State Government under the watch of Nasir El-Rufa spent 25 million on Sanusi’s colloquium as the state continue to retrench many civil servants over dwindling economy.
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