Former Coordinating Minister of the Economy and Finance, Ngozi Okonjo-Iweala, has revealed how a former governor of Niger State, Babangida Aliyu and his counterparts ‘wrongly’ advised former President Goodluck Jonathan to announce the withdrawal of fuel subsidy on January 1, 2012.
The announcement caused bloody protests across the country, which forced government to backtrack on the price increase.
In a new book, “Fighting corruption is dangerous: The story behind the headlines”, Okonjo-Iweala recalled how the move was “ill timed and wrong.”
She wrote, “There were some debates within the Economic Management Team as to whether fuel subsidies should be phased out in stages or in one fell swoop. The consensus was that experience in Nigeria had shown that even a small partial phase-out would draw the same large protests as a complete phase-out, so the feeling of the team was, ‘why die in stages?’ Perhaps, it was better to do…
View original post 441 more words