Former Emir of Kano and ex-Governor of the Central Bank of Nigeria, His Highness Muhammad Sanusi II, has been appointed by Gov. Alex Otti to co-chair the Abia State Global Economic Advisory Council.
Other co-chairs of the 19-member council include former Director General of the Nigeria Exchange Commission, Ms Arunma Oteh, and an investment expert, Bolaji Balogun.
Speaking during the formal inauguration of the council Thursday at the Banquet Hall of the Government House Umuahia, Sanusi predicted a very bright future for Abia State, saying that one of the state’s advantages ” is having a Governor with intellectual capacity”.
The former CBN boss blamed lack of intellectual capacity among those in leadership positions for abysmal performance of many of them.
Sanusi recalled Otti’s exploits in the banking sector, and said that with him behind the saddle of leadership, Abia was in for greatness.
The former CBN boss, however, sympathised with states as their efforts to attract foreign investors are being frustrated by the absence of focused economic policies of the federal government.
He urged Gov Otti and other Governors, as members of the National Economic Council, to advise the Government at the centre “to pursue sensible policies” that would make the macro economy attractive to investors.
He regretted that states had always bore the brunt of the Federal Government’s poor economic policies which scare away foreign investors notwithstanding some laudable efforts by some states to attract investors.
” Sub- nationals are having difficulties because of what is happening at the Centre. Investors look at the macro economy and they turn away”.