This is coming less than a week after the immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala, said that lack of political will to save under President Goodluck Jonathan was responsible for the economic challenges. She had added that state governors’ resistance to saving made it impossible for the past government to save when the country had plenty.
Sanusi said, “On fiscal responsibility…when you look at where we are today and look at all the waste and the looting and the lack of savings that has happened in this country when oil prices were high, everybody talks about excess crude and new theories of fiscal policy.
“These are not new. We blow up our oil revenues, no savings; and we have nothing when oil prices fell to $40 per barrel. You don’t need any kind of economic theory. Any government that does not know that in times of plenty, it should save for the next generation is simply acting against what is a clear injunction.”
He said he wasn't opposed to federal character but added that only competent individuals should be appointed into office.
“But where does corruption begins? Does it begin with the person who is stealing or somewhere else? Corruption begins when you appoint a person to a position he is not qualified to handle. The scholars are united that if you appoint someone to a public office, the first consideration is that the person must be capable of handling the responsibility you have given him because his incompetence comes back to hurt the people. I’m not one of those opposed to federal character," Sanusi added.
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