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If Not for Fear of Boko Haram’s Bombs Jonathan Would Have Fully Removed Fuel Subsidy – Sanusi
If Not for Fear of Boko Haram’s Bombs Jonathan Would Have Fully Removed Fuel Subsidy – Sanusi
By: Michael Mike
The Emir of Kano, Muhammadu Sanusi II has disclosed that the decision to suspend the fuel subsidy removal by President Goodluck Jonathan was because of the fear of Boko Haram’s suicide attacks on protesters and never because of the protest in itself.
Speaking at the Oxford Global Think Tank Leadership Conference, themed: “Better Leader for a Better Nigeria,” the Emir, who was at the time the Governor of Central Bank of Nigeria (CBN) and the prime promoter of fuel subsidy removal, said the right definition for what was happening with what was termed fuel subsidy was a hedge with the government paying to keep the price at a point at all time.

He said: “It was not a subsidy, it was a hedge. You see, a subsidy by definition, the government says I’ll pay X percent of the price. That’s the subsidy. I’ll pay 20 percent of the price. Whatever it is. Price goes up, you pay more, I pay more. Price goes down, you pay less, I pay less. What we had in this country is what in risk management you call a naked hedge. The worst possible derivative you can have.
“The government said to Nigerians, 200 million Nigerians, you will not pay more than X amount per litre. On petrol, no matter what the price of petrol is. So all price goes up from $40 to $140, the federal government pays the difference.
“Exchange rate moves from $155 to $300, the government pays the difference. Interest rates move from 5 percent to 15 percent, the government pays. Remember the price of petrol and what the calculations include, the cost of crude, the cost of the by-product, the cost of transportation, even interest rates, demurrage.
“If you look at the template, all of those amounts were being absorbed. The federal government was saying I have an unlimited pocket. So move from a point where we were using revenues to pay subsidies to where we had to borrow money to pay subsidies, to where we had to borrow money to pay interest on the borrowed money, we had become bankrupt.

“Anyone who takes a naked hedge ends up being bankrupted, especially with a commodity where you don’t control the price. So this was the point in 2012. Now, if Nigerians had allowed the Jonathan government to remove the subsidy in 2011, that would have been pain.
But that pain would have been a very, very tiny fraction of what we are facing today. This is the cost of today. At that time, we worked out the numbers in the Central Bank, and I stood up and put my credit in front of the line and said, remove the subsidy today, inflation moves up from 11 percent to 13 percent. I will bring it down a bit later. Oh, that’s about 30-something percent inflation. That was where we were.”
On Jonathan’s decision to suspend the planned subsidy removal, the Emit said: “And you know, the only reason the government compromised at that time, maybe you should know this, the only reason the government compromised and did 50% not 100% was Boko Haram. Because there were thousands of Nigerians on the streets in Lagos and Kano and Kaduna and all that. We had suicide bombers in the country.
“And it was like, if one day one of these suicide bombers goes to these Nigerians and explodes the bomb, and you have 200 corpses, it will no longer be about subsidy. So I got to give President Jonathan the credit. He was determined to do it.
He noted that Nigeria is a classless society, explaining that: “If you take the people you call leaders, go to the Senate, go to the House of Reps, you can go and pick 109 Nigerians at random, without election.
Put them in the Senate chambers and the results may not be different from what you’re getting out. Because the truth is, you have highly educated people in government, but they live like illiterates. They forget their education behind.
“When you talk about praise singing, why would a man who is an educated man, an accomplished man, why would he be a praise singer to anyone? Why would he not be able to face his boss and say, for that, we’re not doing very good, this is the truth? And how would a person in government not have the confidence to listen to those around him and take criticism?
“You have got people who are supposed to be the representatives of the values of society. By the time you become a governor, honestly, you should be beyond looking for money. You have been given an opportunity to take care of the lives of millions of people, to educate children, to save lives, to provide healthcare, to build infrastructure, while all you are thinking of is a house? I mean, are you that cheap?
“And you see them, and I remember the day they leave office, after a few years, they die, and the children are fighting over the money. Then they get the money, and then they go on drugs, and everything is wasted. That money would have been better spent, educating millions of young people, and save their lives. So if we really want to fix this country, we need to have a class. The ruling class needs to have values. Values beyond the market.”
He decried that many leaders are surrounded by sycophants, adding that: “We need to begin to ask as leaders who do we surround ourselves with?”
On his part, Mr. Atedo Peterside, a Nigerian entrepreneur, investment banker and economist, the founder of Stanbic IBTC Bank and Anap Foundation, lamented that many politicians do not come to serve their people but rather to steal.
He decried that the cause of underdevelopment in Africa is that leadership is mainly about state capture and corruption.
He alleged that. “They came to capture what belongs to everybody, that’s for the common good, for themselves and their narrow elites. Until we solve that problem, we will remain in this field.“
He noted that it is not about the beauty or otherwise of reforms, stating that the difference is the sincerity. “Did the leader come to serve or did he come to steal?”
He lamented that: “People take positions not based on the truth, but based on what personal agenda they are pursuing. So I’ll be the first one to give credit to this government for removing the fuel subsidy, which some of us started campaigning for from the very first economic summit over 30 years ago.
“But the same president must take the blame for sabotaging the efforts to remove the fuel subsidy in the past, in 2012. The speeches are there. But the best time to have planted the tree was 25 years ago.

“The second best time is now, so let’s focus on the now. The important thing is that the government has done the correct thing in terms of removing an unaffordable subsidy. The same government has done the correct thing, which has been done before, to give us what I would consider to be largely market-determined exchange rates, which gives you some exchange rates stability.
“So you ask me, what would I have done differently? That question shows that anybody with the right brain on his head would have done those two things. But guess what? How long does it take to do those things?“
He said: “We had market-determined exchange rates largely. So that’s a one-day action. You bite the bullet on the first day.
“What differentiates you thereafter is your subsequent actions. So those measures improve fiscal balance. They give all three tiers of government so much more revenue.
“And that’s where the problem starts. What is the point of giving the thief more revenue if he’s only going to steal it? So across all the local governments of Nigeria, across every state government, and at the federal level, the real test is what is being done with that revenue in their hands. Is that revenue supposed to be used to fuel 400 cars to escort the president to the airport and cut off the revenue in the process? Is that what you did it for? Let me tell you what the correct thing was.
“The real difficulty, the real action, the real result was to help eliminate poverty, was to get the economy functioning. As soon as we did those two things, what could be done, each of them, when you take a day, an announcement, is your subsequent actions. When the economic summit turned 25 years, I was in this same room.
“I recommended that the government measure a mutual subsidy. I also said that as soon as we do it, the following day, even the day before, start distributing cash to the poorest Nigerians. They all have names.”
The Former Director General Nigerian Stock Exchange and Convener of the meeting, Arunma Otey: “Nigeria, is a great example of what the possibilities are. When all hands are on deck.”
Otey who also used the occasion to present her book: “All Hands on Decj: Unleash Prosperity through World-Class Capital Markets,” said: “We do think that we need to continue to focus on the openness of finance, share in some of the very inclusive approaches. We need to build a bigger pie, and we need to make sure that that pie is available to our creators.”
She noted that: “One of the things that will help our nation is a focus on reasonably priced long-term patient capital. And so part of what I advocate for is creating the environment that allows us to have long-term patient capital that is available to businesses, that is available to government. And when I say available to government, the current government, previous governments have invested in infrastructure.
She added that: “We need to invest in infrastructure in this nation. I was looking at data as I was thinking about this conference, and China, over the years, invested 24% of its GDP in infrastructure. At best we do 4-5%. If we want to reach the infrastructure deficit in our nation, we would have to do at least 12%. So there’s some foundational things we will do.”
Otey said: “We need to scale. We need to do much more. And we need to raise money, so that small businesses can do better, so that the government can do more.
And we as individuals need to invest in our nation. And that’s why the time is now hands on deck.”
She asked: “Why aren’t we exploiting those 40 minerals in commercial quantities? Why are minerals still in the exclusive list of the federal government? Why can’t we have it decentralised, so that every state can produce the minerals in their own state? Why are we decentralising a nation of 230 million people?”
On his part, the Minister of Finance and Coordinating Minister of The Economy, Mr. Wale Edun, said: “Today we are talking about leadership. And I’ll just briefly say that, yes, Africa, with all its human resources, and of course, that is the most important resource that Africa has now. We are going to be the world’s workforce.
Africa will provide by 2030 or so 25% of the world’s workforce. We are a young continent compared to the aging continents of Asia, aging continents of Europe. So we have to prepare ourselves for that historic role.
“In Nigeria, leadership changed in 2023. And the under president, Bola Ahmed, changed for the better. If you look at the record, if you look at the statistics, if you look at the progress that has been made since 2023.
“However, the statistics, the improved growth rates, the stable exchange rates, the lowering inflation, those are just one side of the story. And the most important aspect is the human side, the effect on people’s daily experience, the cost of food, the cost of transport, how they are living their lives. And it is to that that I think rather than focusing on the various statistics, what I will say is that there is an attempt to ensure that the pains of reform have immediately been alleviated.”
He added that: “And that’s why there is in place a transparent, accountable, and robust system providing direct payments, in the first instance, to a total of 15 million households. And you know, in the holding area, before we joined this gathering, there were comments that in their villages, in their towns, they have not had reports of anybody receiving those payments. So immediately, we called for the data, and shortly we will give them the data of the people that have received first, second, and third payments directly.”
If Not for Fear of Boko Haram’s Bombs Jonathan Would Have Fully Removed Fuel Subsidy – Sanusi
News
Alex Birbir’s Plateau False Narrative Collapses Under the Weight of Facts
Alex Birbir’s Plateau False Narrative Collapses Under the Weight of Facts
By: Zagazola Makama
Once again, Mr. Alex Birbir, speaking comfortably from outside Nigeria and relying heavily on emotionally charged propaganda supplied by local conflict entrepreneurs, has attempted to distort the realities of the Plateau crisis into a simplistic and dangerous narratives designed for foreign audiences unfamiliar with the actual situation on ground.
His latest podcast is not only riddled with exaggerations, contradictions and outright falsehoods, but also dangerously seeks to demonize Nigerian security forces while justifying armed Berom militia mobilisation under the deceptive banner of “self-defense.”
At the fore of Birbir’s claim is the allegation that Nigerian troops “fought alongside Fulani terrorists” against Berom youths who, according to him, merely wanted to defend their communities after attacks in Barkin Ladi.
But the actual sequence of events completely destroys this narrative. What truly happened on Wednesday, May 6, 2026, was that a large group of armed Berom youths mobilized toward the predominantly Fulani settlement of Jong following the killing of seven locals at Nding Sesut community the previous day.
Security sources confirmed that before the mobilisation, some of the youths allegedly contacted the Army commander in the area and demanded that troops “step aside” so they could carry out a retaliatory raid on Jong community.
That request was refused. Instead of abandoning their constitutional responsibility, troops of Operation Enduring Peace (OPEP) deployed to prevent the reprisal attack and stop what could have turned into a mass casualty event against innocent civilians.
That singular action is now being twisted by Birbir into “the military fighting alongside Fulani terrorists.” Think carefully about the absurdity of that argument. Since when did preventing a retaliatory raid on an entire civilian settlement become “supporting terrorists”?
If armed youths from any ethnic group mobilize toward another community carrying weapons and threatening reprisals, is the military supposed to simply fold its arms and allow bloodshed because activists overseas have already chosen their preferred victims and villains? The troops prevented a revenge attack.
And because they refused to allow armed youths to storm Jong community, propaganda merchants like Birbir became angry.
What Birbir deliberately refuses to mention is that when the armed youths arrived near Jong, shooting started from their own side and a firefight followed involving armed Fulani elements in the area. Troops were immediately alerted and swiftly intervened, dominating the general area and preventing total escalation.
Troops Operation Enduring Peace also deployed Quick Response Forces which helped stabilize the situation and prevent further reprisals. That is what professional soldiers are supposed to do. Yet in Birbir’s fictional version, stopping armed youths from invading another community somehow translates into “fighting Christians.” Even more reckless is his repeated attempt to frame the Plateau crisis as some grand “Islamic jihad” to establish a caliphate in Nigeria.
There is absolutely no evidence that Boko Haram, ISWAP or any international jihadist organization is operating inside Barkin Ladi, Riyom, Bassa or Mangu as part of a coordinated Islamic conquest.
What Plateau is suffering from is a brutal cycle of communal reprisals involving armed groups from multiple sides, fueled by cattle rustling, land disputes, attacks on herders, revenge killings, illegal mining disputes and long-standing ethnic grievances which we have consistently documented.
The violence is tragic.But it is not the Hollywood-style “Christianity versus Islam” fantasy Birbir and his cohort are selling online. In fact, many of the incidents he ignores completely expose how selective and dishonest the propaganda has become.
For example, on May 10, 2026, troops of Sector 6 Operation Enduring Peace came under direct ambush from armed Berom militia while responding to reports of attacks on cattle around Gero area in Jos South LGA. The attackers reportedly attempted to encircle troops from surrounding hills before soldiers responded with superior firepower, forcing them to retreat toward Nyango and Daron communities.
During the attack, nine cows were killed, five injured and a Fulani herder identified as Aliyu Yusuf sustained gunshot wounds. Hours later, another soldier, Warrant Officer Rex Okang, was brutally attacked and badly injured by armed youths in Dorowa Tsoho, Barkin Ladi.
So the same military Birbir accuses of “supporting Fulani terrorists” is now also being attacked by the very armed groups he portrays as helpless victims. This is now becoming a very consistent and dangerous pattern of insurrection.
Whenever troops refuse to permit retaliatory attacks, attempt arrests, recover illegal weapons or block armed mobilisations, they are immediately blackmailed with accusations of “supporting Fulani terrorists.” When checkpoints are maintained, troops are accused of bias.
When checkpoints are withdrawn after attacks on soldiers, troops are accused of abandonment. When troops stop reprisals, they are accused of supporting one side.
When they arrest armed suspects, activists suddenly scream “targeting indigenous people.”
It is a propaganda carefully designed to delegitimize security operations anytime armed militias fail to get what they want. The reality on ground is that Nigerian troops have repeatedly risked their lives protecting communities across Plateau regardless of ethnicity. Troops have responded to attacks on Berom communities. Troops have also responded to attacks on Fulani settlements. Troops have recovered rustled cattle. Troops have evacuated wounded civilians from both sides.
Troops have prevented reprisals. Troops have died trying to restore peace. In the same plateau troops under attack of bandits and lost many officers and men.
Only recently in Mangu, a senior Nigerian Army officer was brutally killed after they came under heavy fire by the local Militia in Plateau. At different times, they have been attacked by Berom youths. But none of these matter to some propagandists whose primary interest is sustaining outrage and exporting a false genocide narrative abroad.
Perhaps the most dramatic chapter in Alex Birbir’s latest online fiction series was his now-famous “Burial Attack” story, where he attempted to convince international audiences that heavily armed Fulani jihadists surrounded a Christian burial ground in Barkin Ladi, launched a coordinated massacre operation, exchanged gunfire for “four to five hours,” while the Nigerian military conveniently disappeared into thin air.
During the tense atmosphere surrounding the burial, armed local youths were already positioned around the area and gunfire was reportedly initiated from within the local militia side toward surrounding hills after rumors spread about possible movements nearby.
According to Birbir, mourners were abandoned, Christians were left “with sticks and machetes,” machine guns echoed everywhere, terrorists almost overran the burial ground, and only brave local youths prevented “dozens and dozens” from being massacred. Even more revealing was Birbir’s own statement where he proudly declared that local youths “took up arms” to defend the area. In the aftermath, not one casualty, not one corpse, not one verified gunshot victim. No hospital admission. No medical evacuation. No emergency death report, was recorded.
Mr Birbir should therefore tell us how does a supposed four-to-five-hour terrorist assault involving machine guns and sniper rifles end without a single confirmed casualty? Did the terrorists suddenly forget how to shoot? Or perhaps, just perhaps, the entire event was massively exaggerated and manipulated for propaganda purposes.
Birbir also made another astonishing claim, insisting that “Christians defended themselves with sticks and stones against machine guns and AK-47s.” Again, facts expose the dishonesty. Security operations in Plateau have repeatedly uncovered Ak47 riffles, pistols, locally fabricated rifles, illegal arms factories, ammunition components and armed Berom militia networks linked to criminal elements operating in the state.
Several suspects involved in illegal weapons fabrication, robbery, and targeted attacks have already been arrested by troops while credible information has uncovered more arms factories. Only recently, troops recovered another fabricated rifle from a Berom militia member during operations in Barkin Ladi. If people are only carrying “sticks and stones,” where are these rifles, ammunition and fabricated weapons suddenly coming from?
Do illegal assault rifles or Ak47 now grow naturally inside Plateau or Berom farmlands? Even more revealing was Birbir’s own statement where he admitted that local youths “took up arms” to defend themselves. That statement alone destroys the entire “helpless civilians” narrative being marketed internationally. Mention a single scenario where they have defended their communities, instead those arms were used to perpetuate targeted attacks, armed robbery and cattle rustling. This year alone, the Berom militia have rustled or killed more than 400 cattle belonging to the fulani. None of these reports was acknowledge by Me Birbir.
Nobody denies that communities have suffered terrible losses in Plateau as a result of the attacks by Fulani bandits. Both Berom and Fulani communities have buried victims. Both sides have suffered same level of attacks. Both sides have experienced reprisals.
But what Birbir and similar propagandists are doing is dangerously reframing a complex communal conflict into a false one-directional religious extermination narrative. And that distortion is extremely dangerous because it radicalizes youths, fuels retaliation and undermines peace efforts.
Perhaps the greatest irony of all is this,
the same armed groups now attacking soldiers are often from the same communities loudly accusing the military of not protecting them enough. Troops are insulted when they intervene. Troops are attacked when they maintain neutrality. Troops are blackmailed when they stop reprisals. Troops are demonized when they arrest suspects. Naked women run to the street to protest. In one instant, they attacked troops, dismantled their check point and burnt some of their equipment.
Yet if the military withdraws completely and violence escalates uncontrollably, the same voices will again blame the military for “abandoning Christians.” This endless contradiction exposes the real problem:
Some actors no longer want peace.
They want validation for retaliation.
The unfortunate truth is that Plateau’s violence will never end if every attempt to enforce neutrality is interpreted as “supporting the enemy.” No military operation can succeed where armed militias are defended, illegal weapons are normalized and propaganda rewards revenge narratives over accountability.
Accusing troops of “aiding terrorists” simply because they prevented armed youths from attacking another civilian settlement is not only dishonest, it is reckless and inflammatory.
Peace in Plateau will only come through truth, accountability, disarmament and honest dialogue, not through emotional podcasts designed to inflame international outrage while ignoring the full complexity of the conflict.
Alex Birbir’s Plateau False Narrative Collapses Under the Weight of Facts
News
Zulum Appoints Prof. Bukar Usman as Pioneer Chairman of Zakkat, Waqf Commission, Names New Secondary Education Board Member
Zulum Appoints Prof. Bukar Usman as Pioneer Chairman of Zakkat, Waqf Commission, Names New Secondary Education Board Member
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has approved the appointment of Prof. Bukar Muhammad Usman as the pioneer Executive Chairman of the newly established Zakkat and Waqf Collection and Distribution Commission.
The Commission, which became operational in 2025 following the passage of its enabling law by the State Assembly and the Governor’s subsequent assent, is mandated to oversee the collection, administration, and equitable distribution of Zakkat and Waqf across the state.
The appointment of the Executive Chairman is in accordance with the powers conferred on the Governor under Section 4 (1) and (2) of the Commission’s Law, 2025.
Prof. Bukar Muhammad Usman, a Professor of Arabic Literature and a distinguished Islamic scholar, brings to the role expertise in Islamic jurisprudence and academic leadership.
He began his academic career at the Nigerian Arabic Language Village, Gamboru Ngala, where he served as a lecturer from 2006 to 2018. Following the completion of his Ph.D., he joined the Department of Arabic at Yobe State University, where he currently holds the rank of professor.
Before his appointment, Prof. Bukar served as Head of the Department of Arabic at Yobe State University and was a member of both the university’s Senate and Council. He also served on the editorial board of Al-Nur Journal, a scholarly publication of the Department of Arabic.
He participated in numerous seminars, workshops, and conferences both nationally and internationally. He has published several scholarly papers in reputable local and international journals and also supervised many Master’s and Ph.D. theses across various institutions.
In a related development, Governor Zulum has also approved the appointment of Malam Muhammad Ibrahim Muhammad as a member of Borno State Senior Secondary Education Board, representing Southern Borno.
The appointment follows the demise of Alhaji Ibrahim Sarki in January 2026 and is in line with the provisions of Section 4 (1)(a) of the Borno State Senior Secondary Education Board (Amendment) Law, 2024.
Until his appointment, Malam Muhammad Ibrahim Muhammad was a lecturer at the College of Education, Gashua, and holds a Master’s degree in Fundamentals of Religion.
Governor Zulum congratulated the appointees and urged them to deploy their experience, integrity, and commitment toward strengthening their respective institutions.
Both appointments are for an initial term of four years and are subject to confirmation by the Borno State House of Assembly.
Zulum Appoints Prof. Bukar Usman as Pioneer Chairman of Zakkat, Waqf Commission, Names New Secondary Education Board Member
News
Zulum elated by Tinubu’s approval of 3 federal institutions for Borno in 3 years
Zulum elated by Tinubu’s approval of 3 federal institutions for Borno in 3 years
.. Says Borno will reciprocate the gesture in 2027
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has commended President Bola Ahmed Tinubu for approving three major federal institutions for the state within three years of assuming office.
Zulum made the commendation on Sunday in Bama, shortly after a sympathy visit to residents affected by a devastating windstorm that struck part of the town last week.
Zulum specifically noted that since President Tinubu took office, he has approved the take-off of three vital federal institutions, including the Federal College of Education, Gwoza; the National Orthopaedic Hospital, Azare; and the Federal University of Agriculture and Entrepreneurship, Bama.
He expressed delight that the institutions would directly transform the lives of the people of Borno through job creation, improved access to quality education, and specialised healthcare delivery.
Zulum commended President Tinubu for his sustained attention to Borno’s recovery and development needs, noting that the three federal institutions would significantly accelerate post-insurgency reconstruction and economic revitalisation.
“I want to draw your attention to the establishment of the Federal University of Agriculture and Entrepreneurship, Bama, by the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, just two days ago.
“The pioneer principal officers were appointed. This is a remarkable achievement, and we want to hail the President for what he has done.”
“The take-off of the Federal College of Education, Gwoza, and the National Orthopaedic Hospital, Azare, was achieved under the administration of President Tinubu; therefore, I want to commend him and assure him that the people of Borno State will reciprocate the kind gesture at the appropriate time.”
Zulum had last year announced the handover of Umar Ibn Ibrahim El-Kanemi College of Education, Science, and Technology, Bama, for the immediate commencement of academic activities at the newly established Federal University of Agriculture and Entrepreneurship, Bama. The Governor also approved one billion naira for the immediate take-off of the University.
The Governor has consistently offered similar support to the Federal Polytechnic, Monguno; Federal College of Education, Gwoza; and National Orthopaedic Hospital, Azare, approving over N5 billion to facilitate a seamless take-off.
The Governor also inspected ongoing construction work for the 19 Brigade headquarters in Bama, underscoring his administration’s determination to consolidate security gains and restore full civil authority around the Bama general area.
Zulum elated by Tinubu’s approval of 3 federal institutions for Borno in 3 years
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