The obvious actresses were in attendance but decided against listening


https://www.youtube.com/watch?v=t7QDjzTTrag

Wow,

see how Diezani Alison was smiling sheepishly in this video and nodding her head. The kind of smile where she'd be like "Yeah bro, i know subsidy is bad and that we are stealing money, but keep talking..."

Almost everything Sanusi said in this video is currently happening today.

- Low Dollar reserves meant to cushion or act as a shock absorber to the effects of an economic crisis are practically gone

- Low oil prices (though I've just checked and can see its about 70ish dollar per barrel)

- 1 Dollar = 700+ Naira (and back then in this video he was raising an alarm for when the Naira crosses 200 to 1 dollar)

- Inflation rate almost 22%

In Sanusi's own words, he said when all of the above happens and also when the government is unable to pay salary "then you will know what a crisis is". Given the 2023 budget, the government is going to borrow to fund most of their expenditure including salaries thereby increasing the debt profile to almost 80 trillion naira.

A lot of idiots will say "but the economic crisis is happening all over the world not just nigeria". Sanusi himself said it in this video that nigeria needs to prepare herself for when a time like this will come especially when oil price crashes.

Most of these problems started during GEJ's tenure because I remember how the federal and state governments kept dipping their hands into the Dollar reserves. This is despite a previous period of oil prices reaching 100 dollars per barrel and being unable to save a good proportion of that income to prepare for the current situation we are in.

Buhari's government came in and continued from where Jonathan stopped which is why our debt profile is now at a crazy level (and they still want to borrow more).

The 2 regimes of Buhari and GEJ though they performed in certain areas, but overall, both regimes have turned out to be serious failures.