Sanusi Warns Nigeria's GDP Growth Not Improving Living Standards

Former CBN Governor Muhammadu Sanusi II highlighted at a conference in Lagos that Nigeria's GDP growth does not translate into better living conditions for its citizens, as economic indicators like GDP growth and inflation often mask worsening living conditions. Sanusi stressed the importance of Islamic financial institutions driving inclusive growth, particularly in rural sectors, by supporting SMEs and empowering women.

He urged practitioners to address cultural practices marginalizing women to achieve shared prosperity in Africa.