Nigeria faced a severe economic crisis in 2023, according to Emir Sanusi Lamido Sanusi. The Kano Emir warned that the country was on the brink of economic collapse before President Bola Tinubu took office. Sanusi highlighted the deteriorating economic conditions as a major concern. The administration under Tinubu has since taken steps to address the crisis. The Emir criticized the previous government for failing to stabilize the economy. Economic indicators showed a decline in growth and rising inflation. The Nigerian naira continued to lose value against the dollar. Sanusi called for urgent reforms to restore economic stability. The crisis affected various sectors including agriculture and manufacturing. The government has introduced measures to attract foreign investment. The Emir emphasized the need for transparency and accountability in economic policies. The situation remains a key challenge for the current administration. Economic recovery efforts are ongoing but face significant obstacles. The Emir's comments reflect growing concerns about the country's financial health.