Petrol subsidy payments slowing attainment of sustainable development goals (SDGs) in Nigeria – Muhammadu Sanusi

Written by on October 27, 2021

Former Emir of Kano, Muhammadu Sanusi II, says petrol subsidy payments are slowing the attainment of the sustainable development goals (SDGs) in Nigeria by 2030.

In seven months, petrol subsidy payments gulped 714 billion naira, shrinking monthly revenue accrued to the federation account.

Speaking at a panel session during the 27th Nigerian Economic Summit (NES) in Abuja, Sanusi said the country needs to prioritise expenditure on sectors such as healthcare and education.

The former governor of the Central Bank of Nigeria (CBN) said the biggest accelerator to the attainment of the SDG goals is political leadership that understands what development entails.

Sanusi said the country needs to build a national consensus and the consciousness has to be at the top — the governorship and legislators have to agree.

The SDGs are a collection of 17 interlinked global goals designed to end poverty, reduce inequality and build more peaceful, prosperous societies by 2030.

Seun Fakorede

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