Muhammadu Sanusi II, 16th Emir of Kano, may have finally decided to help the government of President Bola Tinubu, by flaunting his niche as an economist of global repute to draw foreign investments into the country, one of the areas of need for the administration currently in its second year.
Sanusi, currently embattled with his throne being threatened by Ado Bayero, his brother over who is the authentic Emir of the historic city is currently urging foreign investors to take advantage of the booming business environment in Nigeria to invest their resources for maximum profit margin.
As Chairman at the 21st Memorial Lecture of the late Gani Fawehimi, in Lagos in January, the former Governor of the Central Bank of Nigeria (CBN), had stated that he had what it took to help the economically-troubled Federal Government out of the woods, but would not do so, because the President had refused to treat him as its friend.
Apparently referring to Tinubu’s reticence in helping him recover his throne fully, he said: “I can give a few words here about what we are going through and how it was predictable and avoidable. But I am not going to do that. I have chosen not to speak on the economy or reforms or to explain anything because if I explain it, it will help this Government. But I don’t want to help this Government. They are my friends, but if they don’t behave like friends, I will not behave like a friend.
“They don’t even have people with pedigree that can come and explain to the people what they are doing. I am not going to help. I started by helping, but I am not going to help. Let them come and explain to Nigerians why they are pursuing the policies that they are pursuing. But I will say one thing though.
“What we are going through today is, at least, in part, a necessary consequence of decades of irresponsible management. People were saying that if we continued the way we were going, this is where we will end up, but they refused to listen. Now, is everything being done correctly? No. When I am ready to talk, I will talk.”
But in what appeared a volte-face from this position the monarch, in faraway, solicited investment opportunities in Nigeria while addressing global investors and captains of industries at the International Financial Investment and Trade Conference holding in Tunisia.
Sanusi, whose sentiments were conveyed by Munir Sanusi Bayero, Galadiman Kano, who is also his Chief of Staff (Cos), explained that Nigeria reserves one of the fastest growing economies in Africa with highly competitive markets and business opportunities readily available for capital investors.
“Sanusi essentially appealed to business and investment giants to tap from the robust economy with enabling environment in the areas of Manufacturing, Agriculture, ICT, Innovation and financial sector to grow their investment.
“He used the occasion to showcase the growing fortune and global investment of Aliko Dangote, who started his empire taking the Nigerian business environment, believed foreign investors should capitalise on similar advantage. The Emir also, made a strong case for investment opportunities in his country home, assured socio-economic and natural endowments as major advantages investors should consider to build viral growth in Kano.”
The statement also quoted the monarch as saying that Nigeria remained a destination for trade, commerce and industries with 22 million population, natural resources, strategic location and well established international markets that serve many countries in West and Central Africa and beyond.