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.
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