Sanusi Reveals Boko Haram Influence on Fuel Subsidy Decision in 2012

Emir of Kano, Muhammadu Sanusi II, disclosed at an Oxford conference that Boko Haram's threat of suicide attacks led to former President Goodluck Jonathan's decision to halt fuel subsidy removal in 2012. Sanusi, who was the CBN governor at the time, emphasized the importance of subsidy removal to prevent economic instability.

Despite the security risks, Jonathan was credited for his determination to pursue reforms. The revelation sheds light on the complex interplay between security threats and economic policies in Nigeria.