The Emir of Kano, Muhammad Sanusi II, has called on the federal government to seek the advice of experts on economics in tackling the current economic crisis in the country.
Sanusi gave the advice during the traditional Sallah Durbar (Hawan Nasarawa) at Government House, Kano.
He said consulting the experts would help in bringing about proper solution to the crisis and reducing the hardship people are currently facing in the country.
The emir, a former governor of the Central Bank of Nigeria (CBN), also urged wealthy Nigerians to support the less-privileged in the society in order to alleviate their sufferings.
He also urged the people of Kano to remain law-abiding and be their brother’s keeper irrespective of religion or ethnic background, for all Nigerians to continue to pray for economic growth and development of the country.
The royal father appealed to the state government to empower the people with economic skills that would make them self-reliant.
Also, an economist and managing director of Financial Derivatives Company Ltd, Mr Bismarck Rewane, said that in order for the country to come out of recession, the federal government needs to borrow and sell assets to raise funds that would be injected into the economy.
Speaking on the current state of the nation’s economy, Rewane said the government must, first and foremost, inject money into the system.
According to him, since there is a fall in oil revenue, the government has to increase the deficit plan for 2016.
“The government must inject funds into the system and the executive is fully engaged because they know they cannot hide; they have to deal with the problem,’’ he said.
Similarly, the immediate past finance minister, Ngozi Okonjo-Iweala, also urged the present administration to look inwards for solutions to the current economic crisis in the country.
“The solutions to the country’s economic decline could still be found in the country,” she said in an interview on Aljazeera programme, The Stream.