The Emir of Kano, Sanusi Lamido Sanusi, has lamented that the richest man in Africa is from Nigeria and ironically, the country “is also the poverty capital of the world”.
According to him, Nigeria had no basis for spending $3billion to $4billion annually on fuel subsidy.
Speaking at the launch of “From Frying Pan to Fire”, written by the Chairman of ThisDay Editorial Board, Mr. Olusegun Adeniyi in Abuja on Thursday, Sanusi claimed Nigeria is now the headquarters of poverty in the world.
The monarch said: “If you come to Abuja Airport, it is filled with private jets. If you land in Abuja you will think Nigeria is a very rich country. We have beautiful roads and bridges; we have everything in Abuja.
“Go to the rural areas and see the large number of Nigerians there. It is a completely different world. It is a sad case and we need to deal with that. We must also remember that the discourse is not just a humanitarian discourse and it is not value-free.”
He also spoke of a mismanaged economy and misplaced priorities, stressing that subsidy funds should be spent on education, power and industry to create jobs.