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The Political Economy of Cryptocurrency

Published

5 years ago

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M A Iliasu

 

 

-By Muhammad Ahmad Iliasu.

 

One would have to wonder how huge the work rate of economic theory must be to astonishingly liberate existential debates on the possibility or otherwise, the undertones and the future of currency digitalization – which has been the major talking phenomenon since the slump in 2008. Nevertheless, a free flow of theoretical opinions and treatise prescriptions by established economists, prophecies of doom and suggestions in persuasion by ecosystem commentators is only expected when the phenomenon is a determining factor on the future of money and the role of government.

 

Cryptocurrency as the so-called apolitical and decentralized digital currency is an economic phenomenon like any other, unlike what many people think, and therefore has a meaningful context inside the economic theory. On its own merits, its warranted to say that the economic relevance of the phenomenon takes the courtesy of massaging the idea of the monetary economists who hold immense reservations upon the centralization of money supply and government intervention in general, along the line rattling the scrutiny of the neo-Keynesian economists and their sensitivity to the centralization of money supply and government intervention generally.

 

Predicting the major stand of the two distinguished schools would economically speaking, be as easier as tracing the economic backgrounds of their distinctive arguments. The neo-Keynesians would naturally be anti-cryptocurrency for the threat it cast upon centralization and the policing of financial bubbles. While the monetarists would be more inclined to be pro-cryptocurrency for the opportunity it brings their thoughts on fixation and decentralization. Why they hold their stands should be discussed later in the essay.

 

-What is a cryptocurrency and why has it been introduced?

 

The 2008 global financial crisis was a moment in history during which bankers’ hubris blew out spectacularly. The big number of jobs, businesses, houses and assets lost to crisis crushed people’s optimism to the level where the trust between economic society and bankers alongside their politicians allies arrived under radical scrutiny. People felt the impact of the crisis and therefore no longer trust the engineers that created it – the bankers and the politicians. As a response, the Central Bank governors of the G-20 organized a meeting to discuss how the bankers were to be rescued from the financial disaster. The concerned populace who understood how banking hubris works and what the bailout could turn out to be, began to exercise the hope and thoughts of having a medium of exchange (read: currency or money), that get affected neither by the hubris of bankers nor by the skeptical government intervention. An apolitical money that can’t be controlled by the central, and democratically decentralized in a nature that it’ll be a currency of the people, for the people and by the people.

 

In an attempt to satisfy people’s wish for apolitical currency, an email was received bearing the signature of Satoshi Nakamoto (who is still yet to be to identified) carrying an algorithm that meets people’s ideals, what we currently call “Bitcoin”. The beauty of Nakamoto’s algorithm was that it did away with the ledger run by a central authority but still managed to ensure that a single currency unit could never be copied or spent twice. The whole community using Bitcoin would share in the task by each making available a small part of their computer’s capacity for this purpose. Everyone would observe everyone else’s transactions, ensuring their validity, while at the same time no one would know whose transactions they were observing, safeguarding privacy. Many people around the world were enthused and signed up. Until a large scandal perpetrated by entrepreneurs who exploited people’s fears against fraud to collect their quantity of Bitcoin for safeguarding only for them to run away with it. And with the absence of a centralized controller, people lost their money without insurance or bailout.

 

That was the inception of cryptocurrency and the reason behind its introduction. But as any logical thinker could guess, the nature of the currency and the reasons behind it are all pending the complexities of an ecosystem that doesn’t get easily overrun by the wildness of popular fantasies. Some of those complexities were explained inside the economic theory, experienced in the past, and are the skeletal frameworks forming the arguments of the monetarists and Neo-Keynesians.

 

-Crisis and Logic of History.

 

When the hell of economic crisis broke loose in Europe and America back in 1929, a policy prescription that aimed at controlling inflation was introduced which convinced the US and the European economies to print only the quantity supply of money that corresponds to the same amount of gold reserve, the so-called “Gold Standard”. Through Gold Standard, economies were cuffed to hinder the reckless printing of money – which was the determining factor in the surge of inflation. For if countries are obliged to print money with respect to gold reserve – something with limited, though intrinsic supply – the velocity of money in circulation would be reasonable and the money supply is tied to a commodity that doesn’t get assassinated by inflation. That way, the countries found a standard and common dictator of their currency value, just like the dollar nowadays. But a few years later, the demand for money began to exceed the supply, due to the limited supply of money as a result of printing per unit of gold. And shortly afterward, the story changed. Inflation – an occurrence when the quantity of money in the economy chases the same quantity of a commodity, causing the prices to unhealthily rise – culminated into what the economists call “Deflation” – an occurrence when too less quantity of money chases significantly higher quantity of commodities, causing a significant a fall in the price of goods and services below their actual and reasonable value.

 

The deflation in the US forced the hands of the then government under President Roosevelt, and the European economies, the emissary of which was the famous John Maynard Keynes, to abolish the “Gold Standard”. It was later adopted and abolished once again by President Nixon in the 70s. The underlying rationale behind the consistent execution and abolishing of the policy during the 20th century was informed by the standard economic theory that asserts and has been proven accurate that when money supply is fixed below the rate of public demand, deflation will strike. In the same way, when it is left uncontrolled beyond the public demand, inflation will strike.

 

Along the same curve, the decentralized nature of Cryptocurrency means it can’t be policed by any institution, rather a blockchain that comprises of different unidentified individuals with an asymmetric chance of arriving at a consensus. And when Satoshi Nakamoto (who is yet to be known) explained his algorithm in 2009, it was specified that the total supply of Bitcoin was certainly fixed, with the mining only certain to grow slowly until it reaches a maximum number of 1 million Bitcoins sometime in 2032. That means the digital currency is problematic in two ways; first it makes crisis more likely and secondly it offers no room for government to alleviate the crisis. So the prospects of any economy that gets into bed with cryptocurrency resemble the pre-1929 unpoliced economy that was crushed by absurd inflation. The same way its limited supply renders the prospects of any economy that adopts it to face the threat of post-1929 economy that was plagued by Gold Standard deflation. So in short, with cryptocurrency, it’s either deflation or inflation, with price and currency stability extremely unlikely.

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That was the viewpoint of the Neo-Keynesian economists, mostly the alumni of Harvard. The most vocal being the American economist and crisis expert, Professor Roubiel Roubini from the University of New York, who even believes that cryptocurrency has no feature of money. And the Greek economist and author, Professor Yanis Varoufakis from the University of Athens. The latter dedicated a whole chapter to discussing the issue extensively in the prolific crisis-dissecting book, “The Brief History of Capitalism”. While the former is quite consistent with podcasts and interviews.

 

-Modern Sensitivity to Technology and impact of Optimism.

 

In contrast to the belief of the Neo-Keynesians, the most influential figure in the monetary school, Milton Friedman, originally proposed a fixed monetary rule, called Friedman’s k-percent rule, where the money supply would be automatically increased by a fixed percentage per year. Under this rule, there would be no leeway for the central reserve bank, as money supply increases could be determined “by a computer”, and business could anticipate all money supply changes. With other monetarists, he believed that the active manipulation of the money supply or its growth rate is more likely to destabilize than stabilize the economy. So the most important area of concentration is price stability rather than currency stability as proposed by Keynes.

 

The mention of computers by Friedman, and the fixed increase rate of money per year, agrees with two of the three most important features of cryptocurrency, which are digitalization and the fixed increase rate of Bitcoin until 2032. While the consistent castigating of the Central Bank by Friedman and Schwartz skews their idea closer to decentralization than otherwise.

 

The monetarists who are mostly anti-Keynes and subtly pro-decentralization arrived fierce to debunk what they call nostalgia that was inspired by an obsession with post-crisis literature, mostly the contributions of Keynes that comprises of “The General Theory of Employment, Interest, and Money (1932)” and “A Treatise on Money 1930”. The mainstream among their economic commentators debunks the thesis in some of the post-2008 contributions of Yanis Varoufakis that discussed the economy and future of capitalism. Books like “The Brief History of Capitalism (2014)”, “Adults In the Room: My Battle with Europe’s Deep Establishment (2017), “And The Weak Suffer What They Must: Europe, Austerity and the Threat to Global Stability (2016)”.

 

-Music and Musing; where do I stand?

 

Having observed the possible major stands of the two distinctive schools, the argument of pro-Keynes that revolves around the fixated supply of cryptocurrency was debunked once again by the creation of other types of cryptocurrencies like Ethereum and Dodge, which unlike Bitcoin are of unlimited supply. So one of the two problems of digital currency is said to be eliminated. Meanwhile, while decentralization remains a concern for any individual household that understands the importance and need for government intervention, major technologically-innovative countries like China and Japan are already paving the way for decentralization of their financial institutions to accommodate the cryptocurrency. And the decision is being backed by lucrative optimism from the buyers of Bitcoin and other forms of cryptocurrency, which is driving its value crazily higher than expected. For what that’s worth, it’s certain that cryptocurrency is surging for a reason, the same way it could be said it’s here for a reason. To quixotic commentators, it’s more like the introduction of the computer in the ’80s, so it’ll be correct if termed inevitable. Therefore judging from the flow, perhaps in the grand scheme of things the digital currency would have to be accommodated if it continues to dominate the economy. The question is when?

 

The rhetoric also begs the question; maybe the economists that are using Keynes to reject crypto are indeed plagued by nostalgia and fear that was bred due to consumption of post-crisis literature judging from the way cryptocurrency has been gathering incredible optimism and momentum. The reception it receives from rational and visionary capitalists like Elon Musk suggests so. But equally important are the questions: what would be the future of government without its ability to regulate money supply? What would be the response of America to a phenomenon that could dwarf the demand for the dollar and the democratic nature of which could swindle the dollarization policy? What would be the second reaction of Third World countries whose democracies are so young and fragile, economies too unstable and inconsistent as to give-in to decentralization? What solution is there for the possible reoccurrence of the 2008 e-Theft?

Privatization of Public Spaces: A Tragedy for Land Use Planning in Kano Metropolis

Currently, not enough has been said or shown to indicate the wavering of governmental institutions as to give up their power on the money supply. Chinese and Japanese economies are too advanced to be the sample of inference while judging possible decentralization in countries like Nigeria that has been fighting its second recession in a half-decade, accumulating large chunk of debt and abject recession for almost a decade despite surprisingly being one of the highest traders of the cryptocurrency. It’s no wonder that the CBN banned it outrightly. First for being ignorant of its dynamics as was learned from the governor. And second for having neither the efficient economic environment nor the institutional strength to accommodate it. Likewise, where the accommodation of decentralization is concerned, banking sectors will have to restructure for the death of their last resort – the Central Bank. And when all the transactions are fiat, an existential crisis looms in the employment department of the banking sector.

 

There’s also the case of cryptocurrency as a simultaneous medium of exchange and investment. When it becomes dominant the economic society may fall victim to the fallacy of composition and paradox of thrift, because more people would rather save their money in crypto to enjoy its speedy appreciation in value than do otherwise. And that would put the multiplier effect of disposable income and immediate consumption in jeopardy. The circular flow of income may turn into a vicious circle of rational economic households looking to outsmart themselves for profit but are subconsciously crushing the entire ecosystem. The digital running of the currency as an investment medium will remain the major avenue of investment, and little do we forget that it’s greatly influenced by speculation. And like Keynes said in the prophetic “General Theory: “Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when an enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done.”

 

The Keynesian prophets of doom should do kindly as to exercise patience. In the same way, the monetarists should enjoy their giant leap forward towards decentralization. Who is right shall be vindicated by time. If it’s the Keynesians the status quo lives on. And if it’s the monetarists we can look back to 2008 and say the crisis is indeed the laboratory of the future. But personally, I don’t think money can ever be apolitical, governments are as old and their influence as lasting as the social contract itself. In the same way, I believe in the strength of optimism, which is driving all the possibilities of cryptocurrency. After all, as Keynes said: “Investment is dedicating our intelligence in predicting what average opinion expects the average opinion to be”. If the blockchain behind Nakamoto’s algorithm keeps getting the mind of the global economy spot on, Cryptocurrency are more than capable of being here to stay. But where an error occurs all hell would break loose. Whatever happens, we shall live to witness.

 

MA Iliasu studies economics at Bayero University, Kano.

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Opinion

A Library in One Man: The Legacy of Dr. Ibraheem Ladi Amosa

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4 hours ago

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June 3, 2026

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The Pen that Teaches, the Mind that Illuminates, and the Legacy that Endures

There are men who merely pass through time, and there are men who leave footprints upon the sands of history. Ibraheem Ladi Amosa Abubakr Al Mu’allim, widely known as Albani belongs to the latter category—a rare intellectual craftsman, an educational reformer, a prolific author, and a visionary whose works continue to illuminate minds across continents.

A son of Ilorin, Nigeria, he emerged not merely as a teacher but as a bridge between tradition and modernity, dedicating his life to making Islamic knowledge, Arabic language, and contemporary education accessible to all. His journey is a testimony that greatness is not measured by titles alone but by the number of minds enlightened and hearts guided.

A Scholar of Many Horizons

Ibraheem Ladi Amosa is a distinguished educator, researcher, writer, and author whose intellectual contributions span across: Islamic Studies, Tawheed and Aqeedah, Fiqh and Hadith, Arabic Language Education, Children’s Islamic Literature, Social Reform, Ethics and Morality, Comparative Thought, Science and Technology Education, Community Development etc. His scholarship is characterized by a rare ability to simplify complex subjects without compromising their depth, making knowledge accessible to beginners while remaining beneficial to advanced learners.

A Pen That Refused to Sleep: Ibraheem Albani Al-Mu’allim Surpasses 100 Publications

Few scholars of his generation can boast of such a vast and diverse intellectual portfolio. Through dozens of publications and educational works, he has demonstrated extraordinary versatility and academic excellence. He is a prolific author, researcher, and educator with over one hundred and ten (110) publications in Arabic and English, covering diverse fields including ʿAqeedah (Islamic Creed), Fiqh, Hadith, Qur’anic Studies, Arabic Language, Education, History, Social Issues, Public Policy, Contemporary Islamic Thought, Community Development, and Youth Empowerment.

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His books such as “Simplified Islamic Quiz 300 Islamic Questions and answers for seekers of knowledge,” “100 Questions and Answers on Tawheed,” “600 Authentic Hadiths,” “Al-Eemaan,” “Fiqh Zakah with Evidence,” “Fiqhus Salaat with Evidence,” “The Sacred Legacy of Al-Aqsa,” “Daily Prophetic Adhkar,” and numerous Arabic educational manuals have become valuable resources for students, teachers, and seekers of knowledge worldwide.

An Architect of Accessible Knowledge

What distinguishes Ibraheem Ladi Amosa is not merely the quantity of his works but their transformative vision. He possesses the rare gift of turning difficult concepts into understandable lessons and transforming academic knowledge into practical guidance. His mission has never been to fill bookshelves; it has been to fill minds. His writings embody the timeless wisdom that: “Knowledge is not what is stored in books; knowledge is what transforms lives.”

A Legacy beyond the Classroom

While many teach within four walls, Ibraheem Ladi Amosa has chosen a larger classroom—the world itself. Through books, research, educational initiatives, and digital platforms, he has extended the reach of beneficial knowledge far beyond geographical boundaries.

His contributions continue to: strengthen Islamic literacy, promote authentic tawheed, encourage critical thinking, preserve Arabic language heritage, inspire future generations of learners, and build bridges between faith and contemporary realities.

The Rare Genius of Purpose

True genius is not the accumulation of information but the ability to transform information into guidance, wisdom, and societal benefit. Ibraheem Ladi Amosa exemplifies this principle. He writes not for applause but for impact. He teaches not for recognition but for transformation. He researches not for prestige but for posterity. His life reflects the profound truth that: “A candle loses nothing by lighting a thousand others.”

A Legacy in Motion

The story of Ibraheem Ladi Amosa is not merely the story of an author. It is the story of a builder of minds. A cultivator of intellects. A reviver of beneficial knowledge. A guardian of authentic Islamic teachings. A mentor whose pen continues to speak long after the ink has dried. As generations continue to benefit from his writings and educational contributions, his legacy stands as a reminder that the greatest wealth a person can leave behind is knowledge that benefits humanity.

“When history remembers the builders of minds, the name Ibraheem Ladi Amosa (Albani) will stand among those whose pens became lanterns and whose knowledge became a lasting charity for generations yet unborn. – Markaz

Markaz Ihyahis Sunnah Waikhmadil Bid’ah

markazihyaahisunnah@gmail.com, 48, Line Chairman, Maikalwa, Naibawa Yanlemu, Kano

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Opinion

A Governor the World Applauds: The Story Behind Abba Yusuf’s Remarkable Three-Year Awards Record

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3 days ago

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May 31, 2026

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By Hafiz Garba PhD,

In the long and complicated history of Nigerian governance, awards have too often been the currency of flattery rather than the fruit of performance. They have been given to the powerful because they are powerful, to the wealthy because they are wealthy, and to the politically connected because connection is its own reward in a system where accountability is frequently optional and excellence is rarely demanded. It is against that deeply ingrained culture of performative recognition that the awards record accumulated by Governor Abba Kabir Yusuf of Kano State across three years in office must be understood, because what distinguishes his recognition from the routine distribution of honorary plaques that passes for institutional commendation in too many Nigerian contexts is something specific, something verifiable, and something that the evidence of his governance record makes impossible to dismiss: these awards were earned.
They were earned in classrooms across 44 local government areas where children are learning in renovated buildings for the first time in years. They were earned in hospitals where emergency response vehicles now arrive at night when they previously did not exist. They were earned on roads that connect communities that were previously isolated, in boreholes that draw clean water from ground that was previously untapped, in solar streetlights that illuminate neighbourhoods that were previously dark, and in the accounts of 6,680 women entrepreneurs who received monthly empowerment stipends that changed the material conditions of their lives and the lives of their families. The awards are not the story. They are the world’s response to the story. And the story is three years of governance that has genuinely, measurably, and consistently put the people of Kano State first.
The awards began arriving early and have not stopped. Vanguard Newspaper named Governor Yusuf its Governor of the Year 2024 for Good Governance, citing the administration’s comprehensive approach to development and its demonstrated commitment to transparency and service delivery. Leadership Newspaper, one of Nigeria’s most respected national dailies, named him Governor of the Year 2024 for Education, specifically recognising the historic declaration of a state of emergency in the education sector and the extraordinary commitment of 30 percent of the state’s annual budget, the highest education budget share of any state in Nigeria, to the transformation of a system that had been in visible decline for years. The Nigerian Medical Association presented him with the Best Governor of the Year award, citing his administration’s substantial investments in primary healthcare, hospital renovation, drug supply, and the Abba Care health insurance scheme. The Daily News Agency named him Authentic Humanitarian Governor 2024, recognising the human dimension of a governance philosophy that has consistently prioritised the welfare of the most vulnerable members of Kano’s society over every other consideration.
The Africa Housing Awards presented Governor Yusuf with the Housing and Infrastructure-Friendly Governor of the Year recognition, with organisers describing him as the people’s governor and specifically citing his commitment to inclusive housing, urban renewal, and openness to innovative construction solutions that make quality housing accessible to ordinary citizens rather than merely to the economically privileged. The CREED Magazine Governor of the Year 2025 on Infrastructure and Good Governance added continental weight to a domestic recognition record that was already remarkable, acknowledging the scope and the ambition of an infrastructure investment programme that has reshaped Kano’s physical landscape across three years with a comprehensiveness that few Nigerian state administrations have matched.
And then came Casablanca. At the 14th African Leadership Magazine Persons of the Year Awards ceremony in Morocco, Governor Abba Kabir Yusuf was named African Governor of the Year for Good Governance, an honour bestowed at a gathering of distinguished African leaders, statesmen, and institutional figures, at which he was recognised alongside Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, and other continental luminaries whose careers have shaped the governance and development landscape of Africa. The award was presented by the President of Ghana, one of West Africa’s most respected democratic leaders, in a moment that placed Kano State’s governance record on an explicitly continental platform and communicated to an international audience that what Governor Yusuf has been building in the ancient commercial city of northern Nigeria is not merely of local or national significance but of the kind of quality and consequence that the African continent recognises and celebrates.
That moment in Casablanca deserves to be understood in its full historical context. Kano State has a five-century history as one of Africa’s great commercial and intellectual centres, a history that includes its role as the terminal point of trans-Saharan trade routes connecting sub-Saharan Africa to the Mediterranean world, its tradition of Islamic scholarship, and its position as the commercial capital of Northern Nigeria. For its governor to be recognised as the African Governor of the Year for Good Governance at a continental awards ceremony in Morocco is, in one sense, the most modern expression of a very old truth: that Kano’s significance extends beyond Nigeria, that its leaders carry responsibilities not merely to their immediate constituents but to a broader story of northern Nigerian achievement that the continent watches and respects. Governor Yusuf’s Casablanca recognition is not an anomaly in Kano’s history. It is a continuation of it.
What makes the awards record particularly significant from a governance analysis perspective is not merely its volume but its diversity. The recognitions have come from national newspapers, medical associations, housing organisations, infrastructure monitoring bodies, and continental leadership platforms. They have been granted by institutions with different mandates, different evaluation criteria, different political affiliations, and different institutional interests. None of them had any obligation to recognise Governor Yusuf. None of them had anything to gain from doing so beyond the credibility of having identified genuine excellence when it was present. The fact that institutions as different as the Nigerian Medical Association, the Africa Housing Awards, and the African Leadership Magazine have independently arrived at the same conclusion, namely that Abba Kabir Yusuf is governing Kano State with an unusual quality and commitment, is not a coincidence. It is a convergent verdict produced by the consistent application of different assessment criteria to the same governance reality.
As Kano marks its third anniversary on May 29, 2026, those awards line the walls of achievement not as decorations but as a documented, independently verified, and institutionally diverse record of a performance that has been seen, assessed, and recognised by the world beyond Kano’s borders. They are the external confirmation of what the people inside those borders already know from their daily experience: that they have a governor who came to office with a genuine commitment to their welfare, invested in it consistently across three difficult and turbulent years, and delivered outcomes that the most demanding and the most credible evaluators in Nigeria and across Africa have found worthy of the highest recognition available to them.
The world has applauded. And Kano, on its third anniversary, has every reason to stand and join in.

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Opinion

The Politics of Promises Kept: Analyzing the People-Centered Governance Style of Governor Abba Kabir Yusuf

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4 days ago

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May 30, 2026

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By Mohammed Babagana Abubakar
The Unifier Project Coordinator Kano State

Political analyst Larry Sabato once observed that politics is a good deal like religion in that everyone should have some, but it should be the right kind. For many years in Nigeria’s most populous commercial nerve center, the dominant style of politics was deeply transactional defined by entrenched godfatherism, conditional patronage, and a persistent gulf between campaign promises and governmental action.

However, as the administration of marks its third anniversary, Kano State is witnessing a profound philosophical shift in governance. The celebrations currently unfolding across the state’s 44 Local Government Areas are not merely acknowledgments of completed infrastructure projects, they are endorsements of a distinct people-centered leadership model that prioritizes human development over political theatrics.

To analyze the politics of promises kept under Governor Yusuf is to understand how deliberate populist policies, fiscal discipline, and strategic political courage can converge to redefine the relationship between government and the governed.

At the heart of people centered governance lies a simple principle, public resources must produce maximum public value. In a state as demographically significant and economically dynamic as Kano, governance cannot remain an elite driven exercise detached from grassroots realities.

Governor Yusuf’s governing philosophy popularly known as the Gida Gida administration has gained traction because it redirected state priorities from prestige driven spending toward human capital development. When a government consistently aligns public expenditure with the immediate concerns of ordinary citizens, political legitimacy is no longer enforced through patronage, it is naturally earned through trust and visible impact.

One defining characteristic of visionary leadership is the willingness to adequately fund public commitments. Nowhere is this more evident than in Kano’s education sector. By declaring a State of Emergency on education and allocating approximately 31 percent of the state budget to the sector surpassing the UNESCO benchmark the administration transformed education policy from campaign rhetoric into measurable institutional action.

Comprehensive renovation and upgrading of public primary and secondary school classrooms across the state.

Recruitment, regularization, and strategic deployment of qualified teachers to improve classroom to teacher ratios.

Revival of foreign postgraduate scholarship schemes for outstanding graduates, opening global academic opportunities for talented but vulnerable students.

These interventions reflect a long term investment strategy aimed at repositioning education as the foundation of sustainable economic and social advancement

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In healthcare delivery, the administration abandoned the traditional overconcentration on metropolitan tertiary facilities. Instead, it prioritized the revitalization and equipping of Primary Healthcare Centres (PHCs) in rural and underserved communities.

This decentralized healthcare strategy directly addresses maternal and infant mortality rates at the grassroots level, where healthcare vulnerability is often most severe.

Beyond healthcare, the administration has also extended its reform agenda into the justice sector. Through legal and institutional reforms, the government has sought to expand access to legal aid services, strengthen pro bono legal networks, and accelerate the handling of prolonged detention cases. These reforms reinforce a broader philosophy that justice should not be determined by wealth, social status, or political influence.

A critical examination of Governor Yusuf’s leadership style reveals a government that is both adaptive and politically independent. Over the last three years, the Governor has consistently demonstrated that he views his electoral mandate as one entrusted directly by the people not as a proxy arrangement controlled by political godfathers.

His administrative choices have frequently emphasized competence, institutional effectiveness, and public accountability over narrow political loyalty.

Equally significant is the administration’s pragmatic approach to national political engagement. Strategic collaboration with federal institutions and broader national governance structures reflects a sophisticated understanding of Kano’s economic and geopolitical importance within Nigeria and the wider West African sub region.

As the Governor himself has repeatedly emphasized, Kano is too strategically important to isolate itself from national opportunities. By maintaining constructive engagement with the center, the administration has created a more stable environment for commerce, infrastructure development, investment attraction, and security coordination.

Ultimately, leadership is validated not by political slogans but by the economic realities experienced by ordinary citizens.

Under Governor Yusuf’s administration, Kano State’s Internally Generated Revenue (IGR) reportedly rose from earlier baselines of approximately ₦37 to ₦40 billion to over ₦100 billion by the close of the 2025 fiscal year. Significantly, this growth was achieved not through excessive taxation of petty traders and small-scale market operators, but through tighter fiscal controls, improved revenue administration, and the systematic elimination of financial leakages.

The expansion in state revenue has directly supported a welfare centered governance agenda:

The administration has maintained consistent and uninterrupted salary payments, helping to sustain purchasing power and stabilize household incomes across the state.

Thousands of retirees have benefited from aggressive interventions aimed at clearing long-standing pension and gratuity backlogs. For many households, these payments have represented both economic relief and the restoration of dignity after years of uncertainty.

In the final analysis, the politics of promises kept represents one of the highest forms of democratic legitimacy. Political power becomes meaningful only when it is deliberately used to confront the fundamental realities of human existence poverty, illiteracy, disease, unemployment, and structural exclusion.

As the third-anniversary activities continue to showcase the administration’s achievements, the celebrations across Kano are not merely orchestrated political ceremonies. They reflect the sentiments of a population that increasingly feels recognized, included, and valued within the governance process.

Through a combination of fiscal courage, administrative humility, strategic foresight, and grassroots engagement, Governor Abba Kabir Yusuf has demonstrated that when leaders protect the mandate of the people, the people, in turn, protect the legacy of leadership.

Kano State appears firmly positioned on a path toward sustainable development, and its future remains exceptionally promising.

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