I’m much more optimistic today than I’ve been in many years about our economy – Emir Sanusi

The Emir of Kano said this while speaking at a lecture series at the National Defence College, Abuja. He said: “I think that the building blocks have been put in place. What the government has done by fighting insecurity and fighting corruption provides an environment where economic policies can thrive.

The recent steps that have been taken by deregulating the oil sector, liberalizing the Forex market, meeting with economists, and setting up a proper economic team, suggests that there is now attention focused on real economic issues. I am much more optimistic today than I have been in many years as far as the economy is concerned. We are going through a difficult time.

We are always bound to go through difficult times when the oilprice crash and with all the mismanagement of the past but I think right now, we are finally about to turn a corner. We need to be realistic, nobody should expect overnight that things will change. Inflation will be with us for sometime, recession will be reversed gradually.”