The Emir of Kano and former Governor of the Central Bank of Nigeria,CBN, Muhammadu Sanusi II, on Sunday, said the inability of the past administration to save money from oil revenue was responsible for the country’s current economic crises.
Speaking at the 30th anniversary of the University of Lagos Muslim Alumni, Sanusi said aside the lack of savings, the wastage of public funds by officials was a huge disservice to the next generation.
“On fiscal responsibility, when you look at where we are today and look at all the waste and the looting and the lack of savings that has happened in this country when oil prices were high, everybody talks about excess crude and new theories of fiscal policy.
“These are not new. We blow up our oil revenues, no savings; and we have nothing when oil prices fell to $40 per barrel. You don’t need any kind of economic theory. Any government that does not know that in times of plenty, it should save for the next generation is simply acting against what is a clear injunction.
Sanusi while reacting to the issue of corruption, said, “Where does corruption begins? Does it begin with the person who is stealing or somewhere else? Corruption begins when you appoint a person to a position he is not qualified to handle.
He said, “The scholars are united that if you appoint someone to a public office, the first consideration is that the person must be capable of handling the responsibility you have given him because his incompetence comes back to hurt the people. I’m not one of those opposed to federal character.
“The problem with our country very often is that people are entrusted with responsibilities they are not capable of handling. And that is the worst form of corruption. It doesn’t matter if they are honest people. Ideally, we should have very good and religious people who are also competent. It’s good to look for honest people but they should be first of all competent.
“We should look for competent, honest and religious people. But if you can’t find and you have to choose between an honest religious man who is not competent and someone who is less honest and less religious, but who is competent, take competent one.
“When you are consulting on economy, you consult people who understand the economy. And we spend too much time looking where these ministers come from; whether he a nice and religious man and too little time at capacity to deliver service to the people. And honestly, this is where everything begins. We have to change the way we look at public office and merit in this country.”
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