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Jonathan Reconsidered Fuel Subsidy Removal Over Security Concerns - Sanusi
Posted
October 28, 2025
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October 28, 2025
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2:02Now PlayingFormer Central Bank of Nigeria (CBN) Governor and Emir of Kano, Sanusi Lamido Sanusi, says Nigeria’s current economic hardship is the result of the country’s failure to remove fuel subsidy over a decade ago.
Sanusi, who served as CBN Governor from 2009 to 2014, stated this while speaking at the Oxford Global Think Tank Leadership Conference on Tuesday.
He said Nigeria could have avoided today’s severe inflation and economic distress if the administration of former President Goodluck Jonathan had been allowed to end the subsidy in 2011.
“If Nigerians had allowed the Jonathan government to remove the subsidy in 2011, there would have been pain. But that pain would have been a very tiny fraction of what we are facing today. This is the cause of the delay,” he said.
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