) Muhammadu Sanusi II, has applauded the Federal Government for taking tough decisions, saying it is the only way to rescue the country’s 10-year mismanaged economy.
Insisting that there was no other way to salvage a decade of mismanaged economy apart from taking tough decisions, the former CBN boss advised the citizens to wait a little while to see the turnaround of the economy. “And we need to understand that some of the difficult decisions that are taken will take time to work through the economy. It will take a little while for us to see a turnaround. But those decisions are absolutely necessary in order to save the economy.
He said: “With rich arable land, abundant oil and water resources as well as the strategic location of the state, Rivers can be one of the investor’s paradises not just in Nigeria but in West Africa if the right things can be done.
“To ensure a prosperous future, we must embrace innovation and reforms to make the state attractive for investment and capable of realistic growth. It is the capacity of state institutions to ensure quality in thinking and skills of the population that will be critical to the delivery of results. Sanusi said: “Human capital and good governance are why countries that are complex in their characteristics such as India, Brazil, China and the USA have developed through innovation, intellectual property education and strong public institutions.
The Emir said it was not enough to want to bring investors or achieve economic development in Rivers without laying the requisite foundations for the economy. “The judiciary must be independent and judges must be seen to rise above any suspicion of corruption. The laws should be such as to protect investments and our taxation system should not be an extortional system”.