Skip to main content

Shocking Revelation: How Babangida, Others Deceived Jonathan - Okonjo-Iweala Narrates


One time Coordinating Minister of the Economy and Finance under former president Goodluck Jonathan administration, Dr. Ngozi Okonjo-Iweala, has stated how ex Niger State, governor, Muazu Babangida Aliyu and his colleagues ‘wrongly’ advised Jonathan to announce the removal of fuel subsidy on January 1, 2012.

The withdrawal of the fuel subsidy led to 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 all at once. There was overwhelming agreement that such an action would require a period of communication and education of the public, to build a larger consensus on the matter. To this end, an important televised public debate was organised in Lagos. The feedback from participants was that the public felt better educated about the benefits and drawbacks of the subsidy. It was clear that the audience felt that there was a lot of fraud in the system.

“The debate took place in early December 2011 and it was agreed that the remaining public debates would take place after the Christmas and the New Year holidays.

“There was a tentative understanding that January to March 2012 would be used for further debates and communication with the public with a tentative implementation of the subsidy phase-out in April 2102.

“On the morning of December 31, I received a shocking call from my friend and colleague, Professor Sylvester Monye, special adviser to the President on Performance Monitoring, telling me he had just heard something strange and was calling to check if I was aware of it. He had run into a senior official from the Nigerian National Petroleum Corporation (NNPC) who told him that the president was going to announce the phase-out of the fuel subsidy on January 1. I was taken aback. It made no sense in the light of the agreement we had reached to educate the public further before implementation.

“I tried all day December 31 and stayed up all night trying to get the president but I was told by ‘Control’ that he was unable to speak on the phone, even though he was always exceedingly generous in taking my calls.

“One of the most interesting questions in my mind was who had advised the president to make the premature announcement on January 1 about phasing out the subsidy? I wanted to know because I had become the scapegoat for the action.

“It was not until a meeting of the NEC, weeks later, when the issue was under discussion, that Babangida Aliyu, former governor of Niger State and then chair of the Northern Governors’ Forum, bravely acknowledged that it was the governors who had urged the president not to delay any longer but to announce the subsidy phase-out at the beginning of the year. The mystery was solved, but, I found it incredible that none of the governors came to the rescue when the policy roiled the nation and that they were content to let others take the blame.”











Source: dailypost.ng



Comments

Popular posts from this blog

#RamadanDailyDigest: Breaking Bad Habits With Sunnah - Why Ramadan Is The Best Time To Turn New Leaf (Ramadan Day 15)

Just as #RamadanDailyDigest has given different insights into different aspects of Islam from Ramadan Day 1 to 14, it will continue with Ramadan Day 15, which makes it half of the sacred month of fasting. We have reached the middle of this blessed month. We have arrived at a powerful checkpoint for self-evaluation. We have ascended to a spiritual position that should make us closer to Allah. Have we reduced our bad habits ? Have we strengthened our Sunnah practices? Have we increased in more acts of worship? READ THIS TOO: #RamadanDailyDigest: Do You Know The Beautiful Names Of Allah? Daily Reflection For Every Muslim (Ramadan Day 14) Ramadan is not just about fasting; it is a divine opportunity to reset spiritually, mentally, and behaviourally. It is the best time to break away from destructive habits and replace them with the Sunnah of Prophet Muhammad ﷺ. Why Ramadan Is the Best Time to Break Away from Bad Habits Allah says in the Glorious Qur'an (2:183): “O you who believe, f...

#RamadanDailyDigest: What Roles Should Families And Communities Play In Ramadan? (Ramadan Day 17)

On Ramadan Day 17, #RamadanDailyDigest dived into the responsibilities of families and communities during the holy month of Ramadan. This is often described as a personal spiritual journey , however, it is also a powerful community experience.  From shared Iftar meals to congregational prayers and acts of charity, the blessed month strengthens the relationships between families, neighbours, and the larger Muslim Ummah. On Ramadan Day 17, it is important to reflect on the role that families and communities should play in making Ramadan spiritually meaningful and socially impactful. READ THIS TOO: #RamadanDailyDigest: Creating Ramadan Schedules That Work All The Time (Ramadan Day 16) Allah reminds the believers in the Glorious Qur'an (49:10) that: “The believers are but brothers, so make peace between your brothers and fear Allah that you may receive mercy.”  The blessed month of Ramadan provides the perfect environment for nurturing this brotherhood and unity. Ramadan Begins at...

#RamadanDailyDigest: Counting Your Blessings Through Reflection On The Glorious Qur’an - Hearts Of Gratitude (Ramadan Day 24)

As Ramadan Day 24 has come and gone, #RamadanDailyDigest opines that it did not just come and went without so much lessons to learn. As Muslims around the world are deep into the final nine or ten nights of this sacred month of Ramadan, these nights are filled with prayer, reflection, and a renewed connection with Allah.  One of the most powerful spiritual practices encouraged during this period is gratitude to Allah. That is recognising and appreciating the countless blessings and favours Allah has given us. READ THIS TOO: #RamadanDailyDigest: Roles And Rights Of Women In Ramadan - Dignity, Respect And Spiritual Equality (Ramadan Day 23) The Glorious Qur'an repeatedly reminds the believers to reflect on the blessings of life. When Muslims recite and contemplate the Glorious Qur’an during the holy month of Ramadan, they develop hearts filled with gratitude, humility, and trust in Allah. Gratitude: A Core Teaching in the Glorious Qur’an Gratitude is a main topic in the Glorious Qur...