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The Political Economy of Cryptocurrency

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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.

Opinion

Reassessment of DSP Barau’s Projects in Kano North: One Building, Three Names (1)

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By Abba Anwar

In Kano North, a strange miracle is happening. One building can become three institutions at the same time. In the morning it is a NOUN Study Centre, in the afternoon it is a FUDMA Satellite Campus, and in the evening it is an ICT E-Learning Centre.

Same roof, same paint, three different press releases. And this is being celebrated as three different achievements of the Deputy President of the Senate, Senator Barau I. Jibrin. Mine is just to reassess what many call constituency projects. As 2027 general election is around the corner knocking our doors day in day out.

For a Senator who has been in the National Assembly since 1999, then as a member of House of Representatives, from Tarauni federal constituency, who controlled the national budget as Chairman of the House Appropriation Committee then, and started as a Senator from 2015, who is now the number two citizen of the Senate, Kano North expected bulldozers, not signboards. They expected completed roads, not N19 Billion and N37 Billion allocations that disappear into a 90-kilometer road that is still at 40%. They expected Immigration and Civil Defence training schools that train officers, not structures that have remained “under construction” for two years after fanfare.

This reassessment is stemmed from a process, auditing commitment, hard work, enthusiasm and due allocations versus achievements, of announcements versus reality on ground in the 13 Local Governments of Kano North.

To me personally the way I see it is this, that our Distinguished Senator should be celebrating completed projects in Kano North. Instead, his constituency is celebrating allocations, approvals and foundations.

A detailed analysis of six major projects credited to him shows a disturbing pattern, big announcements, big budgets, little completion.

1. Kano-Gwarzo-Dayi road of N56 Billion Released, Road Still A Death Trap. This is the most important road in Kano North. 90.65km dual carriageway from Kano to Dayi, linking Kano to Katsina and Kebbi. It was awarded on December 1, 2020, to CGC Nigeria Limited for N62.711 Billion and flagged off on June 10, 2021, with a promise of 24 months completion.

Five years later, what is on ground?

The road was abandoned for over three years 2022-2024. Motorists endured hardship. Communities praised God when contractors returned in 2026.

Why did they return? Because Senator Barau facilitated N19 Billion in 2025 Budget and another N37 Billion in 2026 Budget – a total of N56 Billion fresh injection outside the original N62 Billion. But up to now, the story isn’t something to write home about.

Yet, even with N56 Billion, the road is only 35-40% completed as of October 2026.

The question Kano North people are asking is, if you attracted N56 Billion, who supervises the contractor? Why should a road that got N56 Billion in two years still be at 40%? A performing Senator does not just lobby projects, he ensures delivery.

2. Immigration Training School, Bichi and NSCDC School, Gwarzo. Two years after facilitation, still under construction.

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In January 2024, the DSP announced with fanfare that he has facilitated the establishment of a State-of-the-Art Immigration Training School in Bichi and NSCDC Training College in Gwarzo.

The statement then was: “From A to Z, we will ensure it is constructed and equipped.”

As at late 2025 and October 2026, the official status of both schools remains “Currently under construction.” Immigration School in Bichi is at 60-70%, NSCDC College in Gwarzo is at 50-60%. Two years after facilitation, no single officer has been trained there. They are structures, not institutions yet.

As the bitter truth for a Senator who wants to be Governor, building and abandoning is not a good record. The way he follows to facilitate, lobby and bring to the table, absence of follow-up for completion purpose is a bad omen.

3. Federal University Of Science And Technology, Kabo, the only success that is not yet a success.

This is the only project in Kano North that has achieved 100% legislative completion. The Federal Polytechnic Kabo was converted to Federal University of Science and Technology, Kabo after Presidential Assent on May 27, 2025.

Yes, it is now a University on paper. Admission for 2026/2027 has been announced on JAMB CAPS. But visit Kabo today and you will see a Polytechnic being hurriedly painted to become a University. Laboratories are still Polytechnic standard. Lecture halls are still Polytechnic size. There is no teaching hospital, no Senate building, no Professorial offices befitting a University of Science and Technology. So, while the law is complete, the University is not.

4. I won’t call this biggest deceit. But look at it, NOUN Campuses that are E-Learning Centres, and E-Learning centres that are NOUN Campuses.

There was a claim for the establishment of 13 National Open University of Nigeria (NOUN) Study Centres across all 13 LGAs of Kano North: Bichi, Bagwai, Shanono, Gwarzo, Danbatta, Dawakin Tofa, Gabasawa, Kabo, Tofa, Rimi Gado, Kunchi, Makoda and Tsanyawa.

There was also a claim for the establishment of Federal University Dutsinma (FUDMA) Satellite Campuses in Gwarzo, Danbatta, Dawakin Tofa and Gabasawa.

There was also claim for the establishment of ICT/E-Learning Centres in Gwarzo, Tofa, Bichi, Kabo and Dambatta.

The truth on ground? They are the same buildings being used for three different names.

Investigation shows that the ICT Centre in Gwarzo is the same building called NOUN Study Centre Gwarzo, which is also called FUDMA Satellite Campus Gwarzo. The one in Bichi is the same. The one in Kabo is the same.

One Centre, Three Names, Three Press Releases.

And even at that, the original 2015 NITDA contract for 5 E-Learning Centres at N193 Million awarded to a contractor was found by Kano Focus investigative report to have no computers, no furniture, no internet years after construction. They were empty buildings where students still travel far to write JAMB.

Today, the new Centres under Barau Foundation are operational at 90%, but they are simply equipped versions of the same empty buildings of 2015. So for 8 years 2015-2023, the Centres existed only on signboards.

During my tour to hear from people of Kano North in preparation for my series of documentaries, I came to understand that Kano North needs completed roads, functional schools, and real universities.

If a 90km road cannot be completed with N56 Billion in two years, if two security training schools remain under construction for two years, and if one building is being counted as three different projects, then there is need for the Senator to put more effort in serving his people well. The bitter truth!

Allocations make headlines. Completed projects make history.
Kano North is still waiting for history.

In subsequent write-ups and about to be produced documentaries for our local communities, I will concentrate on local government by local government analysis of Kano North in relation to His Excellency Distinguished Senator Barau I Jibrin, PhD, CFR.

Anwar writes from Kano
Tuesday, 27th October, 2026

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Opinion

Open The Social Sciences “A Tribute to a Heterodox Scholar: Mallam Ibrahim Muazzam

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By Muttaqa Yusha’u

It was the Gulbenkian Commission’s report, Open the Social Sciences, that first came to my mind while reflecting on what to write in tribute to a scholar par excellence, Mallam Ibrahim Muazzam of the Department of Political Science, Bayero University, Kano.

The report raises fundamental questions about how knowledge is produced, the boundaries of academic disciplines, and the methods through which we understand society. These questions have remained central to my intellectual journey, one that began in Mallam Muazzam’s classroom.

Mallam Muazzam is a household name for anyone who passed through Bayero University, particularly in the social sciences and humanities. His intellectual influence cuts across disciplines, and generations of scholars have benefited from his scholarship, critical engagement, and commitment to expanding the frontiers of knowledge.

I first encountered Mallam as an undergraduate student through his course on Political Ideas. His eloquence and critical engagement with ideas were second to none. In his classroom, we encountered a wide range of political traditions, including liberalism, anarchism, and many others. More importantly, we were encouraged to interrogate these ideas rather than merely memorise their central arguments.

I was particularly fascinated by anarchism. Beyond its popular misconception as a doctrine of lawlessness, anarchism represents a political and social tradition that envisions a society organised around freedom, voluntary association, and collective self-management. I remember the famous idea associated with Mikhail Bakunin that a free society would have administration of things rather than government over people. This challenged conventional assumptions about authority, the state, and how society could be organised.

The idea resonated even more with me in 2012, when I undertook an MA in Labour Policies and Globalisation at the University of the Witwatersrand, South Africa. There, I encountered Professor Lucien van der Walt, who deepened our understanding of anarchism as a libertarian tradition grounded in workers’ self-management and the possibility of organising society beyond hierarchical authority.

I found this idea reflected in practical experience during our visit to a community in Kassel, Germany, in 2018, when members of the community interacted with us as alumni of the Global Labour University. I can no longer recall the name of the community, but I vividly remember how its members shared their experiences of organising around anarchist principles of self-management. It was a fascinating encounter that brought to life the possibility of organising collective existence differently.

Looking back, I can trace an intellectual journey from Mallam Muazzam’s classroom, where I first encountered these ideas, to their deeper theoretical exploration and practical expression years later. This is one of the enduring values of a good teacher: the ideas introduced in the classroom continue to travel with the student, opening new horizons of thought and experience long after the formal encounter has ended.

You cannot celebrate Mallam without recognising his contribution to critical knowledge production in our society. His scholarship challenged the academic boundaries that compartmentalise the social sciences into separate disciplines. For anyone who took his MSc course on Contemporary Political Analysis, the references attached to the course outline were enough to leave you intimidated. There were over a hundred classical sources to engage with. Yet, beyond the sheer volume of reading, what mattered was the intellectual disposition he cultivated: an insistence that understanding society requires serious engagement with competing traditions of thought.

What was even more important to me was how Mallam challenged orthodoxy in the production of knowledge, particularly the methods and methodologies adopted in the social sciences and humanities. As graduate students, we encountered highly elevated debates about research methods, often influenced by positivist and behavioural approaches. What counted as knowledge was frequently understood in terms of what could be established through scientific methods, measurement, observation, and the search for regularities in social behaviour.

Through Mallam, I became fascinated by how knowledge could also be produced and analysed using interpretivist methodologies. I began to appreciate alternative ways of understanding social reality beyond the assumptions of dominant methodological traditions. Social reality could not always be adequately understood by reducing human experience to measurable variables; it also required an engagement with meaning, historical context, lived experience, and the ways people interpret the world around them.

If you studied under Mallam, listened to him, or engaged with him, you must have encountered the key words epistemology and ontology, alongside the questions he would ask you to factor into your analysis. What do we know? How do we know it? What constitutes reality? Whose knowledge is recognised, and whose experiences are excluded from the production of knowledge? These are not merely philosophical questions. They shape the theories we adopt, the methods we use, and the conclusions we draw about society.

It was never an accident that, when I met my PhD supervisor, Professor Ahmad Murad Mohd Noor Merican, a scholar of media studies in Malaysia, in 2014, I encountered another intellectual spirit who reminded me of Mallam Muazzam. Professor Merican, now a professor at the International Institute of Islamic Thought and Civilisation, shared Mallam’s concern with the intellectual ferment within the social sciences and humanities. Scholars who questioned dominant approaches, particularly the privileging of quantitative methods, could find themselves marginalised within the university environment.

Both scholars encouraged us to look beyond conventional norms in understanding reality. Their interdisciplinary approaches brought together insights from the sociology of knowledge, literature, history, philosophy, and other fields. I believe this openness to different intellectual traditions explains their significant influence on scholars across disciplinary boundaries.

For me, this is what makes Mallam Ibrahim Muazzam a heterodox scholar. Heterodoxy is not simply a disposition to disagree with established ideas or reject mainstream scholarship. It is a commitment to questioning the assumptions upon which dominant intellectual traditions are built, examining the power relations that shape knowledge, and remaining open to alternative ways of understanding social reality. Mallam embodied this intellectual disposition by refusing to confine the study of society within narrow disciplinary and methodological boundaries.

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His intellectual orientation resonates with the central concern of the Gulbenkian Commission’s report, Open the Social Sciences: the need to rethink the historical organisation of knowledge and the rigid boundaries that separate academic disciplines. To open the social sciences is not merely to encourage interdisciplinary research. It is also to interrogate the intellectual hierarchies through which certain theories, methods, and traditions acquire authority while others are relegated to the margins.

Mallam Muazzam was never a passive scholar. He was an organic public intellectual who connected knowledge with society. I remember him introducing us to the work of Archie Mafeje on democracy and democratisation in Africa as we grappled with the democratic challenges confronting Nigeria during its transition. These engagements encouraged us to look beyond formal democratic institutions and interrogate deeper questions of political power, popular participation, and the conditions necessary for meaningful democratic transformation.

Mallam’s days at the Centre for Research and Documentation (CRD) were memorable for the way knowledge was connected with public life. His intellectual engagement extended beyond the university classroom, bringing scholarship into conversation with the realities and challenges of society. The significance of this tradition lies in its refusal to treat knowledge as an end in itself, detached from the historical conditions, social struggles, and aspirations of the people among whom it is produced.

The last time I met Mallam was at a Marxist conference held in Keffi, Nasarawa State, in 2018. The conference was organised around a series of historic Marxist milestones, including the bicentenary of Karl Marx’s birth, the 150th anniversary of the publication of Das Kapital, and the centenary of the Russian Revolution. Its theme, “Capitalism, Imperialism and Revolutions in the 21st Century,” captured the continuing relevance of Marxist thought to understanding contemporary society and the contradictions of global capitalism.

The gathering brought together academics, intellectuals, and activists seeking to interrogate the ferment within society, particularly the challenges confronting the labour movement and the broader struggle for social transformation. Mallam presented a paper on the Nigerian Left, a subject that brought together many of the questions that had long occupied his intellectual engagement with politics, social change, and the struggles of ordinary people.

I remember seeing Professor Jibrin Ibrahim, Mallam Y. Z. Yau, the late Professor Nuhu Yaqub, Dr Amina Salihu, who coordinated the discussion, Salihu Lukman, Nura Iro Maaji, Gbenga Komolafe, Aliyu Dahiru, Joh Odah, the late Abiodun Aremu, Comrade Salisu Mohammed, among others. These are the people I can still remember from that gathering. Their different intellectual, political, and organisational engagements reflected the longstanding relationship between critical scholarship and progressive social movements in Nigeria.

That conference remains memorable to me because it demonstrated Mallam’s continuing engagement with the Nigerian Left and the labour movement. His contribution was not simply that of a scholar analysing political developments from a distance; it was that of an intellectual participating in the collective effort to understand the contradictions of our society and the challenges confronting the struggle for a better one.

The theme of the conference also reminds us that the questions raised by Marx remain relevant to understanding capitalism, imperialism, class relations, and the possibilities of social transformation in the twenty-first century. These questions cannot be adequately addressed through an intellectual tradition that separates political economy from history, sociology from politics, or the production of knowledge from the material conditions of society. They require precisely the kind of intellectual openness that Mallam represented.

Mallam’s retirement from the university comes at a time when democratic credentials are increasingly under strain across the world. We inhabit a post-truth society in which critical approaches to understanding reality are often dismissed as unnecessary nuisances. The labour movement risks losing its organic links with critical intellectual traditions, while an academic environment increasingly shaped by the commodification of knowledge threatens to suppress the emancipatory impulse of the social sciences and humanities.

The danger is not simply that universities may produce less critical scholarship. It is that knowledge itself may increasingly be treated as a commodity, valued primarily for its marketability rather than its capacity to illuminate social contradictions, challenge power, and expand the possibilities of human freedom. In such a context, the need for heterodox scholars and organic public intellectuals becomes even more urgent.

Mallam Y. Z. Yau, my teacher and mentor, deserves special commendation for initiating a platform to immortalise Mallam Muazzam through the Ibrahim Muazzam Philosophy Institute, which seeks to train young people in philosophy and critical thinking. All students of Mallam, at home and abroad, should support this initiative. It is a worthy effort to ensure that the intellectual tradition he represents continues to inspire generations of young people.

The establishment of such an institute is particularly important at a time when critical thinking, philosophical inquiry, and independent intellectual engagement need to be strengthened among young people. To immortalise Mallam should mean more than preserving his name or celebrating his achievements. It should mean creating spaces in which young people can question established ideas, engage competing traditions of thought, and develop the intellectual confidence to interrogate the realities confronting their society.

We need to open the social sciences and connect them more closely with the task of understanding our society. We need to question established orthodoxies and explore alternative ways of understanding social reality. We need to challenge the artificial boundaries separating disciplines and recognise that the problems confronting our society—poverty, inequality, political domination, labour exploitation, and democratic deficits—cannot be understood through narrow disciplinary lenses.

Above all, we need social sciences that illuminate the struggles and aspirations of our people and help us imagine a better society. For those of us in the labour movement, this intellectual task is particularly important. Workers’ struggles are not simply struggles over wages and conditions of employment; they are also struggles over power, the distribution of social resources, democratic participation, and the kind of society we wish to build.

To honour Mallam Ibrahim Muazzam is therefore to sustain this critical intellectual tradition and keep open the possibilities of understanding and transforming our society. It is to recognise that the university must remain a space for questioning, debate, and the contestation of ideas, rather than merely a site for reproducing established orthodoxies.

As we celebrate Mallam and the enduring intellectual legacy he has given to generations of students and scholars, I wish him many more years of good health, strength, and fulfilment. May he continue to inspire younger generations with his wisdom, critical spirit, and commitment to knowledge and society.

To honour Mallam Ibrahim Muazzam is to keep the social sciences open, keep critical thought alive, and keep alive the possibility of a better society

Dr Muttaqa Yushau wrote this from Abuja

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Opinion

Why Gov Abba Deserves Another Tenure

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By Abba Anwar

Let us be honest with ourselves. When Abba Kabir Yusuf took over on 29th May, 2023, many people were doubting. Today, even his worst enemies cannot deny that Kano has moved.

I went through the project registry at the Office of the SSA Publicity. As at May 29, 2026, this government has 1,493 projects on its table. 799 completed and delivered, 694 are ongoing at advanced level. You can go and verify in any of the 44 LGAs. That is not audio project.

EDUCATION FIRST, SECOND, THIRD

Abba did what many avoided. On June 8, 2024, he declared State of Emergency on Education. And he backed it with money nobody has done before in Kano.

2024 budget – 29.95% to education. 2025 budget – 31% to education. 2026 budget – N405.3 billion out of N1.368 trillion, which is 30% of the whole budget. UNESCO asks for 26%, Abba is doing 30% plus.

WHAT IS THE RESULT OF THE MONEY ALLOCATED AND SPENT?

He recruited over 15,000 teachers. That includes 2,000 volunteer teachers who were regularized. He renovated more than 3,500 classrooms and built hundreds of new ones across the state. Free uniforms, furniture, textbooks distributed.

At tertiary level, he cut registration fees by 50% in all state-owned institutions. He paid N4.45 billion examination fees for NECO, NABTEB and NBAIS for Kano students. Go to Ministry of Education and ask.

And about the scholarship the former Governor Rabi’u Musa Kwankwaso started, Governor Yusuf revived it fully. First batch 418 students, they all completed their studies. Second batch 1,001 students flagged off at Coronation Hall, Government House, Kano, 350 to India, 240 to private universities inside Nigeria. He also paid the debt left behind over N3 billion, N2.4bn to Near East University Cyprus, N500m to 5 private universities, plus N2 billion support for Kano indigenes in public universities. And for those 150 first class graduates that came back, he gave them automatic employment.

Today Kano students are Best in NECO 2024 and 2025 consecutively. An achievement celebrated across.

HEALTH – LAFIYA DOLE IS REAL

You remember how our General Hospitals were? No drugs, no light. Our able leader renovated 340 Primary Healthcare Centres (PHCs) across 44 LGAs. He upgraded over 200 PHCs to run 24 hours. He renovated General Hospitals in Wudil, Bichi, Gaya, Rano and others.

He built 10 new General Hospitals, 6 more are in the pipeline. He established Kano Centre for Disease Control (KCDC) for the first time. He revived the Drug Revolving Fund – now 90% of prescribed drugs are available.

And for our mothers – free antenatal, free postnatal, free CS for pregnant women, free healthcare for children under 5 and elderly. Over 2,000 health workers employed – doctors, nurses, midwives and pharmacists.

ROADS, WATER, LIGHT – YOU CAN SEE IT.

Dan Agundi Flyover and Underpass completed, only finishing touches. Tal’udu Cloverleaf Flyover completed, finishing touches also. These two alone decongested many parts of the city.

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Then 5km roads in each LGA, though not promise, but they are on ground. Tarauni-Hotoro-Kwanar Dawaki dualization, BUK Road, Zaria Road, Katsina Road. Panshekara Underpass to Madobi Bridge N5.2bn. Dambatta to Gwarabjawa N2.63bn.

Water: He rehabilitated Challawa and Tamburawa Water Treatment Plants. The biggest Goron Dutse Reservoir that was dead for 30 years, now back with 40.4 million litres capacity and 15.6km transmission line from Challawa. Test run already on board before the main supply.

PEOPLE-ORIENTED POLICIES THAT TOUCH THE POOR

This is where many governors fail. Our Governor went to the grassroots.

(1) Agriculture – subsidized fertilizer, improved drought-tolerant seeds, tractors, harvesters. Kano divided into three zones for mechanization.

(2) Empowerment – KEEP programme: sewing machines, grinding machines, freezers, noodle machines, soft loans for women and youth.

(3) Girl-child – He created Office of SSA on Girl-Child Education, appointed 88 girl-child advocates across 44 LGAs. Through AGILE, 148,000 girls trained in life skills, 100,000 girls got cash transfer, free school shuttle buses for girls, re-entry policy for married adolescent girls. No other governor has done that.

(4) Economy – Created Kano State Signage and Advertisement Agency (KASA) to block revenue leakages. The Agency made N300m in just 3 months, now targeting N2bn. Under him Kano acquired majority shares in KEDCO, launched Kano Electricity Policy, and secured President Tinubu’s approval for N1 trillion Kano Metropolitan Rail.

(5) Security – Kano remains peaceful. Neighbourhood security offices, support for police, DSS, Civil Defence.

And for workers – settlement of pension backlogs, which runs into Billions of Naira. After prolonged years of negligence from past administrations. With this he injected life into the near-dead families across the state. Establishment and construction of 50 low-cost houses in each of the 36 LGAs, an ongoing project. solar streetlights, 150KW solar backup.

In conclusion without taking much time to explain, let me say this, in three years, he has fulfilled over 90% of his campaign promises.

So when some opposition politicians gather and start shouting, ask them one question – where were they when schools had no roofs, hospitals had no drugs, and water was not running for 30 years?

Apart from projects and other infrastructural development, there are two major issues that are brought on board by His Excellency Governor Yusuf, in the last few months.

The first and foremost is his choice of HE Murtala Sule Garo to become his Deputy after the resignation of the then Deputy, HE Aminu Abdussalam Gwarzo. Personal interest and political differences apart, there was no better choice than Garo. Looking at the prism from all angles. But His Excellency, the Governor is in the best position to understand what I’m saying. What HE Garo is to him and his administration, can best be explain by the Governor. Yes him alone (Governor Yusuf) can put it succinctly clear.

The second issue is that of the establishment of Kano State Multi-Agency Task Force on Drug Abuse and Other Related Crimes. As he appointed Barrister Muhuyi Magaji Rimingado, as the Chairman. This agency is doing well in cleansing the state, especially the metropolis, from the activities of drug abuse among our youth. The nefarious activities of our derailed youth, popularly called ‘Yandaba’ are reduced drastically. Rimingado trails them down to their hideout.

When it comes to real politics, His Excellency, the people’s Governor, is a political unifier. A moulder of peace and tranquility among members and leaders of the ruling party, All Progressives Congress (APC). While he promotes peace in party politics, he is a bridge between divergent political interests within the ruling APC. This needs no further explanation and instances.

Abba deserves another tenure not because he is perfect, but because he has done what many could not do in many years, in just three years. The remaining 694 ongoing projects need him to finish them.

Kano First is not a slogan. It is visible remark hovering around us. His efforts, political will and delivery are visible for all to see. Let us allow him to finish what he started. The good work for a better legacy.

Anwar writes from Kano
Friday, 16th October, 2026

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