Former CBN Governor Sanusi Predicted Fall in Oil Price and its Effect on Nigerian Economy

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Emir-Sanusi

Over three years ago, shortly after the oil subsidy protest, a group of Nigerian economist deliberated over a very salient topic: “Removal of Petroleum Subsidy: In whose interest?

In this revealing session, Emir Muhammad Sanusi II, then Governor, Central Bank of Nigeria, predicted that if the price of crude oil crashed again, the naira will be over N200 to a dollar, as it is today. He also forecasted the inflation and a damning economy for the next government.

He revealed the deficiencies of the government and its poor decision making ability particularly in how it choose to invest in crude oil and how much money was spent on markerters.

In the video below, he forecasted most of what is happening today in Nigeria.

Click to watch video : https://www.youtube.com/watch?v=kTly9wWVH5c

 

Source: PM News

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