Nigeria: Emir Sanusi, NNPC and the Angel's Theory

Lamido Sanusi, the Emir of Kano is not a man that needs introduction. The former Governor of the Central Bank of Nigeria is undoubtedly one of the best minds we have in the country. He's a sound economist, who made his mark in the banking sector before his appointment as CBN Governor by former President Olusegun Obasanjo, to succeed the highly cerebral Professor Charles Soludo. And no one could dispute the fact that Sanusi was a worthy successor to Soludo.

But the highly respected Emir's recent comment about the on-going reforms in the Nigerian National Petroleum Corporation, NNPC, and his suggestion that only an angel could successfully reform the organization riles the mind. While no reasonable person would deny the need for further reform of the NNPC to unbundle it and make it more profitable and more transparent, it would be grossly unfair to ignore the gains of recent reform and in the process thumbs down the organization.

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