Act like a traditional ruler or abdicate your throne for politics- Owie tells Sanusi
Tue Sep 27, 2016 08:03:am Politics
2.2K By Buchi Obichie
A former Chief Whip of the Senate, Senator Rowland Owie, has asked the
Emir of Kano, his Royal Highness, Muhammadu Sanusi, to abdicate the
throne and go into politics.
Owie made his comment in reaction to the Emir throwing his weight behind the Central Bank of Nigeria, CBN, over a major policy disagreement with the Finance Minister, Kemi Adeosun, on interest rate.
According to Senator Owie, Sanusi should emulate dignified and respectable traditional rulers like the Emir of Dutse, and stop playing with national issues in Nigeria.
In a statement made available to newsmen on Sunday, Senator Owie, who is also a Chieftain of the Peoples Democratic Party, PDP, said, "I urge the Emir of Kano, Muhammadu Sanusi, to stop playing to gallery with national issues in Nigeria and emulate dignified and respectable emirs like the Emir of Dutse.
"As a grade one Traditional Ruler from the north, he should have direct access to President Muhammadu Buhari to advise him instead of doing it in the media.
"The Emir should know that he is no longer the CBN Governor.
"He should behave as a father traditional ruler now or abdicate the throne and go into politics."
It would be recalled that the Emir of Kano, had at the launch of Afrinvest Nigerian Banking Reports, 2016, thrown his weight behind the Central Bank of Nigeria, CBN, over a major policy disagreement with the Finance Minister on interest rate.
According to the Emir, if the MPR was lowered even by 200 bases points, it would not increase credit from banks into the economy as envisaged because of other constraining factors.
Sanusi added that a lower MPR would imply lower yields on money market instruments which would be a disincentive to investments in the money markets, especially in the fixed income security segment, and ultimately put a restraint on foreign portfolio investment inflows.
In his opinion, a lower MPR would fuel inflation further.
Owie made his comment in reaction to the Emir throwing his weight behind the Central Bank of Nigeria, CBN, over a major policy disagreement with the Finance Minister, Kemi Adeosun, on interest rate.
According to Senator Owie, Sanusi should emulate dignified and respectable traditional rulers like the Emir of Dutse, and stop playing with national issues in Nigeria.
In a statement made available to newsmen on Sunday, Senator Owie, who is also a Chieftain of the Peoples Democratic Party, PDP, said, "I urge the Emir of Kano, Muhammadu Sanusi, to stop playing to gallery with national issues in Nigeria and emulate dignified and respectable emirs like the Emir of Dutse.
"As a grade one Traditional Ruler from the north, he should have direct access to President Muhammadu Buhari to advise him instead of doing it in the media.
"The Emir should know that he is no longer the CBN Governor.
"He should behave as a father traditional ruler now or abdicate the throne and go into politics."
It would be recalled that the Emir of Kano, had at the launch of Afrinvest Nigerian Banking Reports, 2016, thrown his weight behind the Central Bank of Nigeria, CBN, over a major policy disagreement with the Finance Minister on interest rate.
According to the Emir, if the MPR was lowered even by 200 bases points, it would not increase credit from banks into the economy as envisaged because of other constraining factors.
Sanusi added that a lower MPR would imply lower yields on money market instruments which would be a disincentive to investments in the money markets, especially in the fixed income security segment, and ultimately put a restraint on foreign portfolio investment inflows.
In his opinion, a lower MPR would fuel inflation further.
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