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Children Will Curse Nigeria’s Leaders For accumulation Of Debts – Ex-CBN Gov

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The 14th Emir of Kano, Muhammadu Sanusi II, has said that children in Nigeria will curse the leaders of the country’s accumulation of both internal and external debts following the country’s continued borrowing.

“Nigeria children will curse the leaders of the country’s accumulation of both internal and external debts with the country continuous borrowing,” he lamented.

Speaking on Saturday in Kaduna in his address titled, “Building a resilient economy” at the Kaduna Investment Summit, saying that the Nigeria’s economy has been tied to the oil and gas sector, saying that subsidy removal is fast mitigating the growth of the economy, the country has continued to be a rentier state.

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He opined that it does not exist for development but as a sight of rent, and extraction to make those who control the state rich turning them into billionaires overnight.

In 2023, he explained that if the country holds election, the country cannot continue to have the trend, stressing that any continuation would lead to insecurity and might get us to Mali, Burkina Faso’s situation.

We can’t keep pushing towards the brink; we have to come back,” he stated.

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In other words, he observed that debt service is now 108 percent of revenue as every naira the federal government earns goes to service debt, and it is not enough, (as the FG) has to borrow to service the debt and begin to borrow to build roads, pay salaries and overheads.

READ ALSO: Subsidy: I’m Sorry For The Next President – Sanusi

Muhammadu Sanusi II noted that the present leadership is leaving a mountain of debt for the children, stressing that the children might curse them because they are taking all the money borrowed to subsidise petrol and enjoy it cheaply.

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He lamented that the country sees the problem and the leadership going to continue, saying that he is sorry for the next president who comes in June and says he is removing fuel subsidy after day one.

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BREAKING: 17 ADC Reps Follow Join NDC

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About 17 African Democratic Congress, ADC, lawmakers in the House of Representatives have defected to the Nigerian Democratic Congress, NDC.

This was disclosed by Speaker Abass Tajudeen on the floor of the House on Tuesday.

Tajudeen also announced the defection of Leke Abejide from the ADC to the All Progressives Congress, APC.

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READ ALSO:JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up

Lawmakers who defected to the NDC include Yusuf Datti, Uchenna Okonkwo, Adamu Wakili, Thaddeus Attah, George Ozodinobi, Lilian Orogbu, Oluwaseyi Sowunmi, Peter Aniekwe, Mukhtar Zakari, George Oluwande and Munachim Umezuruike.

Others are Emeka Idu, Jesse Onuakalusi, Ifeanyi Uzokwe, Afam Ogene and Abdulhakeem Ado.

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This comes barely a day after former presidential candidates Peter Obi and Rabiu Kwankwaso defected from the ADC to the NDC.

Obi and Kwankwaso have pledged to continue their pursuit for a better Nigeria in the NDC.

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JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up

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A former presidential candidate, Peter Obi, has given reasons why he resigned from the African Democratic Congress, ADC, to join the Nigerian Democratic Congress, NDC, alongside a former governor of Kano State, Rabiu Kwankwaso.

In a long post on X on Monday, Obi insisted it was not out of anger or ambition.

Rather, he said the move is a continuation of the quest to build a new Nigeria.

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Obi wrote: “Yesterday, I formally joined the Nigerian Democratic Congress (NDC), alongside my dear brother, Engr. Dr Rabiu Musa Kwankwaso, with one clear purpose: to continue the struggle for a new Nigeria built on justice, competence, accountability, and compassion for the ordinary Nigerian.

READ ALSO:Peter Obi, Kwankwaso Formally Join NDC, Warn Members Against Litigation

“As I stated yesterday, this decision was not made out of anger, personal ambition, or convenience. It came after deep reflection on the present condition of our nation and the urgent need to rescue Nigeria from the dangerous path it is currently heading.

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“Over the years, I have remained steadfast in my conviction that politics should never be about individuals, positions, or personal gain. It must be about the people, especially the millions of Nigerians who today can no longer afford necessities, whose businesses are collapsing, whose children are losing hope, and whose future is becoming increasingly uncertain.

“I left the ADC for the same reason I left the Labour Party: the severe, orchestrated litigation and internal crises deliberately designed to ensure that I, alongside many other notable individuals, do not effectively participate in the electoral process. I sincerely appreciate and remain deeply grateful to the Leadership of ADC for the opportunity to work together in pursuit of a better Nigeria. I am particularly grateful to ADC Chairman Senator David Mark for his exceptional Leadership. I also deeply appreciate my Leader and elder brother YE, Atiku Abubakar, as well as other respected leaders within the party.

“As we join the NDC, I sincerely appeal to the Nigerian Government against the encouragement of unresolved litigations and the infusion of crises within political parties. Democracy must never become a weapon against the people. A healthy democracy thrives on strong institutions, credible alternatives, and the freedom of citizens to make choices without intimidation, manipulation, or fear. Opposition parties must not be weakened or destroyed, because when democracy loses balance, the people ultimately suffer.

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“Nigeria today is passing through one of the most difficult periods in its history. Poverty is rising. Hunger is widespread. Insecurity continues to threaten lives and livelihoods. Businesses are shutting down daily. Our young people are becoming discouraged, and many citizens have lost faith in the system. At a time like this, leadership must be driven not by propaganda or division, but by competence, capacity, character, and compassion.

READ ALSO:ADC Hails S’Court Verdict On Leadership, Demands INEC Chairman’s Resignation

“Our decision to join the NDC is therefore not an abandonment of values, but a continuation of the same mission we have always stood for: building a Nigeria where leadership is about service, where public resources are managed responsibly, where institutions function independently, and where every Nigerian, regardless of tribe, religion, region, or social status, can live with dignity, security, and hope.

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“I remain committed to working with all Nigerians of goodwill across political, ethnic, and religious lines. The task before us is bigger than any individual or political party. It is about the future of our children and the survival of our dear nation.

“I thank Nigerians, especially our youths and women, for remaining peaceful, resilient, and hopeful despite the enormous challenges confronting the country. I urge you not to lose faith in Nigeria. Nations do not change because people surrender to hopelessness; they change because people continue to believe, continue to sacrifice, and continue to stand for what is right.”

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Peter Obi, Kwankwaso Formally Join NDC, Warn Members Against Litigation

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Peter Obi of the Nigeria Democratic Congress (NDC) has warned party members to steer clear of any form of litigation that can plunge the party into chaos ahead of the 2027 elections.

Speaking in Abuja on Sunday after he was formally joined the party alongside the former governor of Kano State,

Rabiu Musa Kwankwaso , the 2023 presidential candidate of the Labour Party(LP), urged members to embrace dialogue in the interest of the party

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READ ALSO:ADC: Why I Joined Atiku, Kwankwaso, Others To Protest Against INEC – Peter Obi

“Please let there be no litigation. Party members, please don’t go to court. We want to build a party, we are not lawyers,” he pleaded.

The two political figures were received into the opposition party on Sunday at its national secretariat in Abuja.

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Earlier, Obi had announced his exit from the African Democratic Congress (ADC), while Kwankwaso had indicated he was engaged in “wide-ranging consultations” with the NDC.

READ ALSO:Religious Leader Sheikh Umar Tijjani Arrested After Hosting Peter Obi

The National Chairman of the party, Cleopas Moses Zuwoghe, presented membership cards to both leaders at the event.

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Speaking afterwards, Kwankwaso said their engagement with NDC stakeholders was driven by a shared vision and ideological alignment.

We came to discuss with stakeholders of the party and found that our ideologies and beliefs are largely the same,” he said.

He urged Nigerians to register with the NDC ahead of the deadline for party membership registration, stressing the need for broader participation in the political process.

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