Nigeria

NEU, YUMSUK, ADUSTECH join forces to enhance academic advancement

By Sabiu Abdullahi

Near East University (NEU), Yusuf Maitama Sule University Kano (YUMSUK), and Aliko Dangote University of Science and Technology (ADUSTECH) have signed a Memorandum of Understanding (MOU) to foster academic cooperation and enhance research endeavours.

The MOU, signed recently, focuses on collaborative research projects, conferences, and seminars.

Representatives from the participating institutions affirmed their commitment to mutual cooperation and knowledge exchange during the signing ceremony.

The signatories included Professor Tamer Salidag, Rector of Near East University; Professor Dilber Uzun Ozsahin, Director of Operational Research Center in Healthcare; Assoc. Prof. Berna Uzun; Dr. Zubaida Said Ameen; and Dr. Auwalu Saleh Mubarak from NEU. ADUSTECH was represented by Professor Adamu Mustapha, Director of Linkages and Affiliations, and Professor Muktar Atiku Kurawa, Vice-Chancellor of YUMSUK, and Assoc. Prof. Rukayya Hamidu, Director of Advances and Linkages.

The MOU marks a significant milestone in the journey towards collaborative research and academic advancement. The participating universities aim to facilitate interdisciplinary research, promote knowledge dissemination, and nurture the next generation of scholars and researchers.

Speaking at the signing ceremony, representatives expressed optimism about the potential impact of the collaboration on academic and research landscapes.

They reiterated their commitment to fostering a culture of collaboration, innovation, and excellence in academia, with the shared goal of advancing knowledge for the betterment of society.

This historic collaboration is expected to yield significant benefits, including advancing research and academic endeavors and promoting knowledge sharing and exchange among participating institutions.

KANET hosts event on strategic investments in youth for sustainable development in Kano

By Uzair Adam Imam

The Kano State Network of Non-governmental Organisations (NGOs) recently organized an event to foster dialogue on the critical importance of strategic investments in youth as a pathway to sustainable development in Kano State.

The event took place on Thursday at the Africa Health Budget Network (AHBN) in Nassarawa GRA, Kano. It was titled “Investing in Our Youth: Strategic Pathways for Sustainable Development in Kano State.” It saw the attendance of many important personalities.

Dr. Musa Abdullahi Sufi, the Chairman of the Steering Committee of KANET, emphasized that the event is part of their commitment to youth development in the state.

Speakers presented papers on key issues surrounding youth development and the potential benefits of meaningful investment in young people in the state.

Zainab Nasir Ahmad, the Executive Director of the Youth Society for the Prevention of Infectious Diseases & Social Vices (YOSPIS), addressed the menace of youth irresponsibility posed by drug abuse and lack of education. 

Presenting her paper titled “The Situation of Youth in Kano State and Neglect in Investing in Their Future,” Zainab lamented the reluctance to solve local problems, adding that she is currently writing a book about the menace.

She highlighted that the lack of access to capital, limited job opportunities for graduates, and substance abuse contribute to the deterioration of youth and hinder their development in the state. 

Zainab stated, “Again, poor parenting and lack of supervision also contribute to hindering youth development. However, it looks like we are not ready to address our problems because some parents are also into drug abuse.”

She urged government intervention through law enforcement and establishing youth initiatives to address these issues.

Hauwa Muhammad, the Chairman of the Kano State Children Parliament, also decried the menace of child labour that hinders children from pursuing their studies and sometimes results in them becoming victims of rape and maltreatment. 

Hauwa urged the Kano state government to support families and households by providing a sustainable minimum income to ensure financial barriers do not prevent children from going to school and unveiling their talents.

The ripples from the Central Bank of Nigeria 

By Zayyad I. Muhammad 

The Central Bank of Nigeria (CBN) has been in the news for both good and bad reasons since President Bola Ahmed Tinubu’s administration was inaugurated a little more than a year ago.

From Godwin Emefiele’s dismissal and subsequent arrest to the unprecedented devaluation of the Naira, the controversial transfer of staff from Abuja to Lagos, the firing of 26 out of 29 directors, the revelation of the theft of $6.3 million from the CBN vault during Emefiele’s tenure, and the intense pressure on the Olayemi Cardoso-led management to restore normalcy, the CBN has never faced such a tense and tumultuous period in recent memory.

Who is to blame? The CBN Governor, Olayemi Cardoso, and his four deputy governors? President Tinubu’s sudden decision to float the Naira? Emefiele’s evident recklessness and partisan politics? Or the entire political and economic system

Cardoso and his four deputies have résumés and experience comparable to professionals worldwide. However, critics argue that, despite his experience as a commercial banker, Cardoso lacks the expertise of a central banker. They also contend that his previous role as Tinubu’s commissioner for Economic Planning and Budget could influence his performance, suggesting he might view the CBN Governor’s position as merely a form of patronage.

The CBN reached its lowest point during the Emefiele era when its regulatory and stabilizing functions became intertwined with politics and business interests. Court documents revealed that on February 8, 2023, four individuals stole $6,230,000 in cash from the CBN. Additionally, the Federal High Court in Lagos recently ordered the final forfeiture of properties valued at N12.18 billion linked to Godwin Emefiele.

The developments (above) indicate that Emefiele’s successor will encounter significant challenges. Nevertheless, the primary role of a central banker is to ensure stability during crises, focusing not only on critiquing past actions but also on delivering effective results that positively impact the economy and its citizens.

Cardoso and his team are currently grappling with several challenges: the instability of the Naira, public perception of the CBN, and widespread belief that Bureaux De Change operators wield undue influence, while the CBN has struggled to establish a mutually beneficial operating framework with them. The reality is that Cardoso’s ‘by-the-book’ approaches have not yielded [the] desired results. Although the CBN has managed to achieve some consistency in forex supply and clear the backlog of dollars owed to airlines and other foreign investors, the transfer of staff to the Lagos office and the dismissal of 25 out of 29 directors and additional staff must be considered in the context of policies initiated as far back as the reign of Lamido Sanusi.

Regarding dismissing directors and senior staff, how can Cardoso be expected to work effectively with individuals deeply influenced by Emefiele’s actions? Even in the military, police, and paramilitary forces, such restructuring is not uncommon, where hundreds of generals can be retired simultaneously, and the world moves on.

It’s also important to commend Cardoso and his team’s collaboration with the Nigeria Economic Summit Group (NESG) and other stakeholders to enhance the business environment. Such efforts are crucial for the CBN to build trust, ensure price stability, and implement effective monetary policies that prevent economic instability and improve foreign exchange rates and inflation.

On the other hand, why hasn’t the CBN been able to restore the Naira to its actual value against the dollar? The biggest mistake we make in Nigeria is sometimes applying global theories and laws to our unique system, which operates differently from other countries. These theories and laws succeed elsewhere because they strictly adhere to the principles and standards that support their effectiveness. However, CBN’s attempts to elevate the Naira to its expected value have consistently defied conventional economic laws and theories.

Cardoso and his team should consider adopting a strategy that combines established economic laws and theories with innovative approaches. One of their critical assets could be neighbouring countries such as Cameroon, Chad, Republic of Benin, Equatorial Guinea, and Niger Republic, along with other West and Central African nations, as well as Nigeria’s agriculture and manufacturing sectors. These countries import significant quantities of agricultural and manufactured goods from Nigeria, making them prime targets for the CBN’s efforts to strengthen the Naira.

A proactive step would involve the CBN collaborating extensively and effectively with governments of border states to establish well-structured international free-zone markets at border points. These markets would exclusively transact in Naira for all Nigerian products sold there. This approach could incentivize businesses from neighbouring countries to prefer purchasing goods in Naira due to its low-cost advantage, thereby increasing demand for the Naira.

Furthermore, the CBN must address one of its weakest points: inadequate public relations (PR). There is a pressing need to enhance its PR strategy because most of the public perceives the current CBN management as solely on a vendetta mission to discredit anything associated with Emefiele and engage in political maneuvering rather than recognizing its efforts to rectify systemic issues.

The Cardoso team must acknowledge that despite being a strategic institution, the CBN is susceptible to being viewed like any other Nigerian government entity. Therefore, the CBN must establish and maintain a robust PR program that informs the public about its activities and portrays the institution as independent from political influences despite being overseen by politicians.

Part of the CBN’s PR strategy should involve revitalizing and restructuring its commendable agricultural programs, which were previously undermined under Emefiele’s tenure. Cardoso should seize this opportunity to lead the relaunch of these programs and engage with the public to demonstrate his commitment as a genuine central banker, focused on economic stewardship rather than engaging in political vendettas.

Zayyad I. Muhammad writes from Abuja via zaymohd@yahoo.com.

Diabetes week 2024: Understanding, preventing and managing a global health challenge

By Mujahid Nasir Hussain

Diabetes Week is an annual event dedicated to raising awareness about diabetes and encouraging prevention and management strategies to support those living with the condition globally. As the world comes together for Diabetes Week 2024, observed from June 10th to 16th, communities, healthcare professionals, and organizations united in a series of events and campaigns to foster a deeper awareness and a proactive approach towards combating the condition.

According to the 2024 International Diabetes Federation (IDF) report, diabetes is a significant and growing global health issue affecting diverse regions and populations. Approximately 537 million adults (20-79 years) worldwide are living with diabetes, with this number expected to rise to 643 million by 2030 and 783 million by 2045. One of the major concerns regarding this increase is that Nigeria is among the countries facing such a significant rise, with current estimates showing millions affected and a substantial proportion of cases undiagnosed. Thus, there is a need for improved diabetes education, prevention programs, and accessible treatment options to combat this growing health crisis.

Diabetes is a chronic condition characterized by high blood glucose levels. This occurs when the body either doesn’t produce enough insulin or cannot effectively use the insulin it produces. Persistent high blood glucose can damage various organs and systems, leading to significant health complications. Although there are many forms of diabetes, according to numerous literature reports, there are generally three. Viz: Type 1 diabetes, Type 2 diabetes and Gestational diabetes.

Type 1 Diabetes

Type 1 diabetes is an autoimmune condition where the body’s immune system mistakenly attacks and destroys the insulin-producing beta cells in the pancreas. This destruction leads to little or no insulin production, crucial for regulating blood sugar levels. Individuals with Type 1 diabetes require lifelong insulin therapy, either through injections or an insulin pump, to manage their blood glucose levels. This type of diabetes often manifests in childhood or adolescence but can occur at any age. Symptoms include excessive thirst, frequent urination, unexplained weight loss, extreme fatigue, and blurred vision.

Type 2 Diabetes

Type 2 diabetes is the most common form of diabetes, accounting for about 90-95% of all diabetes cases. It occurs when the body becomes insulin resistant, or the pancreas fails to produce enough insulin. This condition is often associated with lifestyle factors such as obesity, physical inactivity, and poor diet. Risk factors also include age, family history, and certain ethnic backgrounds. Symptoms are similar to Type 1 diabetes but may develop more slowly, making early detection and management crucial. Lifestyle changes, oral medications, and sometimes insulin therapy are used to manage Type 2 diabetes.

Gestational Diabetes

Gestational diabetes occurs during pregnancy when the body cannot produce enough insulin to meet the extra needs of pregnancy. This condition typically resolves after childbirth but increases the mother’s risk of developing Type 2 diabetes later in life. Gestational diabetes can lead to complications such as high birth weight, preterm birth, and increased risk of cesarean delivery. Managing gestational diabetes involves a healthy diet, regular physical activity, and monitoring blood sugar levels. In some cases, insulin therapy may be needed.

Diabetes Complications

Unmanaged diabetes can lead to severe and potentially life-threatening complications, emphasizing the importance of effective management. These complications include:

Cardiovascular Disease: People with diabetes have a higher risk of developing heart disease and stroke due to damaged blood vessels and nerves.

Neuropathy: High blood sugar levels can damage nerves, especially in the legs and feet, leading to pain, tingling, and even loss of sensation. Severe cases can result in foot ulcers and amputations.

Nephropathy: Diabetes is a leading cause of kidney disease, which can progress to kidney failure, requiring dialysis or a kidney transplant.

Retinopathy: High blood sugar can damage the blood vessels in the retina, leading to vision problems and even blindness.

Skin Conditions: Diabetes can make individuals more prone to bacterial and fungal infections and other skin disorders.

Treatment Strategies for Diabetes

Effective diabetes management requires a multi-faceted approach that includes lifestyle changes, medication, regular monitoring, and education & support.

Lifestyle Modifications: Adopting a balanced diet rich in fruits, vegetables, whole grains, and lean proteins while reducing intake of processed foods and sugary beverages. Regular physical activity, such as walking, cycling, or swimming, is essential to help maintain a healthy weight and improve insulin sensitivity.

Medication: Treatment depends on the type of diabetes. For Type 1 diabetes, insulin therapy is essential. For Type 2 diabetes, oral medications like metformin or other hypoglycemics may be prescribed, and in some cases, insulin may be required.

Monitoring: Regular blood glucose monitoring ensures levels remain within the target range. Continuous glucose monitors (CGMs) provide real-time data, allowing for better management and adjustment of treatment plans.

Education and Support: Diabetes education programs help individuals understand their condition, make informed decisions about their care, and provide emotional support. Support groups offer a platform to share experiences and coping strategies.

Mujahid Nasir Hussain is an undergraduate prize awardee for Physiology 2023, Bayero University, Kano, Nigeria. He wrote via mujahidhnasir@gmail.com.

Court sentences 5 kidnappers to death by hanging

By Uzair Adam Imam

An Osun State High Court sitting in Ede has convicted and sentenced five men to death by hanging for the kidnap and murder of Alhaji Ibrahim Adamu, a Fulani man.

The convicts, Ibrahim Issa, Lateef Bello, Abdul Ramon Soliu, Bello Ibrahim, and Abudu Mumini Jolaanobi Saheed – were arraigned on four charges, including conspiracy to kidnap and murder.

In her judgement, Justice Kudirat Akano found the convicts guilty on all four counts and sentenced them to death by hanging.

The prosecuting counsel, Faremi Moses, presented evidence that the five men kidnapped Alhaji Ibrahim Adamu on April 17, 2018, around 7:45 pm from his home in Owode-Ede, Ede North Local Government Area, Osun State.

Adamu was abducted in his Toyota Corolla and subsequently killed after his family paid a ransom of N3 million.

Faremi called three witnesses, including the investigating police officer, Mr Ganiyu Taofeek, who submitted several exhibits, such as extrajudicial statements and a mask recovered at the scene.

Counsel to the convicts, Bola Ige, argued that the prosecution failed to prove the accusation beyond a reasonable doubt.

Justice Akano ruled, “The prosecution has proved beyond a reasonable doubt that the convicts committed the offences. They are hereby sentenced to death by hanging.

“The convicts were led out of the courtroom in handcuffs, sobbing and begging for mercy.

Effect of electricity tariff increment on Nigerian business environment

By Abdulrahman salihu

Electricity is one of the most crucial factors in the development of every industrial country, which factories, financial hubs, and technological companies rely heavily upon for their operations.

In Nigeria, on 1st April 2024, the Nigerian Electricity Regulatory Commission (NERC) increased the price of Kilowatt per hour by 300% from N68 Naira to N225 Naira to urban Customers popularly known as “Band A” customers, who are 15% of the total number of Electricity Consumers in the country.

The electricity tariff increment comes after President Bola Ahmed Tinubu removed the fuel subsidy in his inauguration speech on 29 May 2023, which triggered massive hyperinflation in Nigeria that resulted in hikes on almost every commodity and inflicted severe suffering among Nigerians.

The Nigerian Electricity Regulatory Commission (NERC) has claimed that the hike in the electricity tariff will only affect the “Band A” customers. Therefore, the remaining 75% of customers (Band B-C-D-E) who get less than 20 hours daily will not be affected.

However, the multiplier effect of the tariff increment dramatically influences the cost of production of foodstuff processing companies, manufacturers and other producers of goods that the masses use, thereby affecting the price of commodities.

Moreover, some artisans and small business owners have been put out of business because the financial institutions will increase the interest rate to meet the electricity tariff hike, making it unaffordable to businesses that take loans from them, rendering the artisans jobless. Businesses will collapse in the long run.

On the other hand, the government may not be able to generate revenue from the businesses that shut down, so also the artisans and craftsmen will not get customers as a result of lack of adequate electricity in their “Band”, which will make them unable to pay taxes to the government. 

Therefore, as a matter of urgency, the federal government and the stakeholders in the power sector should suspend the electricity tariff increment and invest in modern solar power plants. This will generate more power for the country and will go a long way in mitigating global warming and climate change.

The federal government should also find ways to improve the electricity supply, as the current supply is insufficient to make things work effectively. 

The governors of hydroelectric power-producing states should initiate policies and partner with international investors to boost power generation for their states and the country. At the same time, the other states should also render support where necessary.

This will encourage foreign investors to troop to Nigeria for investment, bringing job opportunities and facilitating unprecedented revenue flow into the accounts of both the federal and state governments.

Abdulrahman Salihu wrote via abutalatu72@gmail.com.

Capitalism in Northern Nigeria: A radical historical perspective

By Abba Sadauki

Introduction

There comes a time when the world’s weight seems unbearable, making each breath a struggle. Like a midlife crisis, this pivotal moment is when one confronts the reality of their material existence. It’s a stark realisation that all the goals and aspirations pursued were essentially economic activities aimed at providing for oneself and loved ones. 

Another revelation compounds the gravity of this understanding – the fact that these efforts have primarily served to enrich others. Despite all the hard work, one finds themselves barely making ends meet, with the prospect of accumulating enough wealth for a comfortable life or pursuing truly fulfilling endeavours seeming increasingly elusive. 

The weight of economic struggle is a universal experience shared by countless individuals across the globe. This article aims to shed light on the historical journey that has shaped this experience, particularly within the context of Northern Nigeria. 

We will explore, starting from the feudal reigns of the Sarkis (Kings) and Amirs (Emirs), delving into the transformative impact of British imperialism. Our journey will culminate in an analysis of post-colonial governance and the pervasive influence of global capitalism, painting a picture of our present reality. 

Through this, we will uncover the roots of the stark wealth inequality that pervades our society, understand the purpose and implications of debt, and confront the enduring reality of class struggle. 

As we navigate through the complexities of these issues, we will question the viability of our current system in the face of 21st-century challenges. The 2008 economic crisis is a stark reminder of these challenges, prompting us to reevaluate and rethink our economic structures. 

The Emergence of Capitalism in Northern Nigeria: Pre-capitalist Economic Systems

The Emergence of Market Societies

As in the bible, we will start at Genesis, to the very inception of our economic systems. In the beginning, there were no economies, only markets. But what exactly are markets? They are places where a willing buyer and a willing seller meet to exchange goods or services. Here, we encounter the first myth that capitalism propagates – the notion that markets did not exist before its advent. However, markets existed long before capitalism emerged as a system during the Industrial Revolution in Britain in the 18th century.

You might wonder, what do I mean by “there was no economy”? The answer lies in a simple yet crucial condition for markets to evolve into an economy – the existence of a “surplus”. A surplus refers to the excess resources that can be accumulated and utilised.

When our ancestors first tilled the land and initiated the process we now know as agriculture, they created resources that exceeded immediate needs. This surplus transformed markets into an economy – a complex network of relationships that emerges in societies with a surplus.

This economy enabled us to produce food and, more importantly for this discussion, tools and instruments that wouldn’t exist with labour alone. The first instrument of this system was likely writing, used to account for the units of agricultural produce stored by an individual in the communal granary. These units were probably represented by engravings on shells, signifying the value of the stored produce.

These shells could be exchanged between individuals for goods or services. If this concept sounds familiar, it’s the precursor to what we know as money today. Instead of shells, we now use pieces of paper or digital representations.You could also borrow these shells or promise a specific amount in the future in exchange for immediate service. This is the concept we now understand as debt.

Someone had to ensure the value of these shells was guaranteed, often through force. In today’s terms, this individual might be known as a king, whose domain of influence is a state. The king would have people managing the accounting and others enforcing his guarantee, akin to modern-day police.

As we can see, a “surplus” led to a radical societal transformation. However, this transformation was not without its adverse side effects. One of these was that the king and his bureaucracy accumulated a surplus, leading to an overconcentration of power and wealth in the hands of a few. This process, which we now call inequality, is still a pressing issue in our modern society.

Now, let’s dive into the heart of our economic systems, armed with conceptual toolboxes that will guide us through its intricate workings. Our first concept is a ‘commodity’. Simply put, commodities are goods produced to be sold. Each of these goods has a market price reflecting its exchange value.

Next, we explore ‘production’, the transformative process that turns raw materials into components or finished goods. This production journey begins with the first factor, the raw materials and the infrastructure used to extract them, such as tools and machines. These are what we refer to as ‘capital goods’.

To carry out this process, we need a location—land or space—our second factor of production. Lastly, we require human labour to transform these raw materials into finished goods. This production process forms the bedrock of an economy, making it tick and thrive. 

The Hausa Feudal Society

The early days of the Hausa kingdoms are shrouded in various myths used to legitimise their existence; the most plausible scenario of how they came to be is that diverse ethnic groups cohabited in the same area, known as Kasar Hausa. These groups were often embroiled in relentless resource conflicts, leading to chiefdoms composed of dominant families.

As time unfolded, the chiefdoms with superior military prowess and organisational structures absorbed the weaker ones, giving rise to kingdoms. The less powerful chiefdoms gradually became vassals, paying tribute to a king or Sarki.

The kingdom’s population began to stratify. The most influential family head ascended to the position of Sarki, distributing offices among his followers from other families. The lineages of these followers evolved into Sarakuna, the aristocracy. These Sarakuna integrated into Sarki’s military organisation, acting as vanguards in establishing dominance over weaker groups and compelling them to pay tribute.

Over time, the Sarki and Sarakuna transformed into the leisure class, while the rest of society, forming the base of economic production, became subordinate to them. Within the broader Hausa society, another stratification layer emerged based on the economic services offered. Free peasants, serfs, and enslaved people emerged as the new classifications of the labour class.

Each kingdom mentioned earlier was divided into administrative units (fiefs) by its ruling class, with a titled lord or his representative serving as its overseer. The kingdom’s capital depended on the resources sent from the labour class in the fiefs and political power in the form of laws, and their enforcers came from the capital to enforce them in the kingdom’s territory.

Society was broadly divided into two distinct classes. The’ Isarakim’ ruling class comprised the king and his officials. On the other hand, the ‘Talakawa’, or the ruled class, consisted of peasants, serfs, and enslaved people.

As we’ve observed, the ruled class formed the backbone of the economy. The ruling class appropriated their labour and the fruits of their production through tribute, taxes, special levies, and forced labour. This arrangement, where the ruling class expropriated labour at the expense of the commoner, is a characteristic feature of all feudal societies

Rise of Merchant Class and Beginnings of Capitalist Spirit

Trade in the Hausa states was determined by the basic facts of geography and communication, the primary routes linking the area to the rest of the world being the trans-Saharan caravan routes. The main imports from Europe and North Africa were cotton and calicoes from Lancashire, cotton and sugar loaves from France, red cloth from Saxony, beads from Venice, needles, mirrors, and paper from Nuremberg, sword-blades from Solingen, razors from Styria, fine silks from Lyons, coarse silks from Trieste and Tripoli, red fezzes from Leghorn, and all kinds of Arab dress from North Africa. In contrast, the main commodities the Hausa exported to balance its trade with the outside world were cotton, goatskins, leather goods, and slaves.

The acquisition of wealth from these ventures eventually led to new values within the ruling class and new members of that class—the merchants. These emerging values played a crucial role in shaping modern social stratification and the formation of nation-states.

The merchants and their heirs, often referred to as the “nouveaux riches,” found themselves beyond the control of the aristocracy. With the support of imperialists, they absorbed ancient traditional kingdoms, uniting them into regional and national entities under their control. In the following discussion, we’ll explore the process by which this transformation occurred.

The Creation and Evolution of Capitalism and Its Effects in Colonial Northern Nigeria

1. The Birth of Capitalism

In the earlier societies we explored, none of the factors of production were treated as commodities. For instance, consider labour: throughout history, people worked, but during feudal times, this labour was not sold or rented to the aristocrats. Instead, a portion of the talakawa’s harvests was forcibly taken. The tools of production—such as hoes and cutlasses—were often crafted by the talakawa themselves or by craftsmen from the same fief. In exchange for these tools, the talakawa provided food to the craftsmen. Land, too, was never treated as a commodity. The sarakuna never sold it; such an idea would have been unthinkable. Land ownership was either inherited or forever out of reach.

The process by which these factors became commodities began with the development of shipbuilding in Europe and advancements in sea navigation. European merchants traded vast distances, shipping wool from England to places like Shanghai in exchange for silk and other Asian goods. Upon returning to England, they exchanged these acquired goods for even more wool than they had initially started with. The traded products gained international value through these exchanges, and those involved in their production or sale amassed significant wealth.

By observing these nouveau riche individuals—whom they considered social inferiors—amassing fortunes that threatened to overshadow their own, English aristocrats adopted a classic strategy: “If you can’t beat them, join them.” They disrupted the existing system built by their ancestors. They uprooted perishable crops that lacked international value and fenced off their land. Peasants who had lived on that land for generations were evicted and replaced with sheep, whose wool could fetch a healthy price in international markets. It is estimated that around 70 per cent of the peasants were displaced during this transformation. Ultimately, this process turned Britain from a society with markets into a market society, effectively commodifying land and labour.

Indeed, the commodification of labour emerged from the basic human need to survive. As the newly evicted peasants wandered from village to village, desperate for sustenance and shelter, they knocked on countless doors, willing to do anything in exchange for those necessities. In this process, they unwittingly auctioned their labour, transforming themselves into the precursors of modern workers—the very traders of their own toil.

The land was commodified when aristocrats decided to lease it rather than directly oversee wool production. They set rental prices based on international market conditions. Some former serfs accepted these offers, as it was a choice between that or poverty. They signed leases hoping that selling wool in the market would cover rent and wages for other serfs working under them, with any leftover funds going toward their families’ sustenance. These transformations, coupled with the invention of the steam engine, eventually gave rise to what we now refer to as industrial society. This development reinforced the Great Contradiction: the simultaneous existence of unimaginable new wealth and unspeakable suffering. As a result, the inequalities that originated during the agricultural revolution, which we encountered previously, increased dramatically.

New creations also came about due to the birth of this new system, and the concept of debt has existed throughout human history. In simpler times, it might manifest as a neighbour helping another in need, with the recipient expressing gratitude by saying, “I owe you one.” No formal contract was necessary; both parties understood that the favour would eventually be repaid, settling their moral debt. However, with the advent of capitalism, this moral obligation became legal. Debt now comes with terms—precisely, exchange values. When a debtor borrows money, they agree to repay the original sum plus a little extra to compensate the creditor for granting the loan. This additional amount is known as interest.

Another new creation was the subversion of production by distribution; in the feudal system, the production process followed a specific order: serfs worked the land (production), feudal lords dispatched agents to collect rents (distribution), and any surplus from rent collection was converted into money. This allowed the lords to purchase, offer loans, and pay for services (credit-debit).

 However, under the new capitalist system, distribution began before production. Former serfs, now renting land from landowners, supervised the production of wool and crops for profit. But they needed capital upfront—for wages, seeds, and rent—before producing any goods. To acquire this capital, they turned to debt. Those who lent them money naturally expected interest as profit. Since all the production processes (wage payments, rent to the landowner, procurement of raw materials and tools) occurred before actual production commenced, distribution now preceded production, and debt became the primary lubricant driving the capitalist machine.

2. Capitalism and Imperialism in Northern Nigeria 

We previously touched upon the collaboration between imperialists and the nouveau riche, which is pivotal in shaping today’s social stratification and nation-states. The process unfolded through a series of significant events.

Firstly, colonial assaults weakened the power and economic position of the feudal aristocracy. Territorial fiefdoms were abolished, along with the economic foundations of feudalism—such as tribute, taxes, levies, tolls, and forced labour. The military hierarchy was dismantled, and the judicial powers of the feudal class were curtailed. These measures effectively stripped the feudal class of its political influence.

Subsequently, during independence movements, the imperialists lost ground to the merchant class. As political power shifted, so did economic power. The traditional elites—the former ruling class—also experienced this loss.

The new elites, primarily merchants, leveraged the state’s economic structure to accumulate wealth. They secured loans from state banks and participated in emerging enterprises. However, they didn’t entirely abandon the traditional aristocracy. Instead, they strategically married into feudal families, accepting honorific titles from kings. This move allowed them to invoke an ethnocentric ideology reminiscent of feudalism, defending the unity of the now-defunct feudal kingdoms and their values.

For instance, the Northern People’s Congress (NPC) was entangled with the emirs—a metamorphosis of feudal society in a new guise. Yet, the forces of modern capitalism compelled this new ruling class to target vital vantage points of feudal state power, which they perceived as impediments to the evolution of capitalism.

“All these forces transformed the merchant class into the new bourgeoisie in modern capitalist Northern Nigeria. This class spans both the public and large-scale, foreign-controlled capitalist sectors. Its dominant elements include administrative, managerial, and supervisory roles alongside local private capital and professional groups.

The arrival of oil revenue further strengthened the federal drive at the centre, led by the federal bureaucracy. This allowed the state to play a crucial role in creating a national base for capital accumulation. The state achieved this through infrastructure expansion, the development of a local financial system, the growth of state capital in industry and agriculture, and measures to increase local ownership and control.

Conclusion

The Nature of Capitalism

Throughout this journey, I have aimed to demonstrate that capitalism is not a natural system, as some claim, but rather a created system that evolved and transformed through historical conditions and forces. While capable of generating immense wealth and development, capitalism also bears the responsibility of allowing a select few to accumulate wealth at the expense of the majority, pushing the system to its limits.

Capitalism has historically experienced periods of crisis, but the current crisis extends beyond mere stagnation in productive forces. It encompasses a broader cultural, moral, political, and religious turmoil. The 2008 financial crisis marked a significant turning point. World capitalism has never fully recovered from that shock; massive government interventions were necessary to prevent total catastrophe. However, these measures led to uncontrolled inflation and substantial public, corporate, and private debt. 

Now, the entire process must reverse. The world hurtles toward an uncertain future marked by perpetual cycles of war, economic collapse, and increasing suffering. Even in the wealthiest nations, rising prices erode wages, while cuts to public services like healthcare and education exacerbate social inequalities. In poorer countries, millions face slow starvation, trapped by the grip of imperialist moneylenders.

The comforting myth of equal opportunity for every citizen has shattered. Obscene wealth flaunted alongside poverty, unemployment, and homelessness highlights the stark contrast. Capital increasingly concentrates in the hands of a few billionaires, giant banks, and corporations. We must seek a new system that acknowledges the unsustainable status quo and upholds the sanctity of life. The era of the sarakuna has ended, and the time has come for a new bourgeoisie to emerge. The shifting sands of the North must transform into an oasis of new ideas and a system dedicated to uplifting all.

Policeman rejects N150m bribe, honoured for integrity

By Uzair Adam Imam 

Superintendent of Police, Ibrahim Sini, has been honoured for rejecting an N150m bribe from a Lagos-based businessman, Akintoye Akindele. 

Akindele was arraigned in August 2023 for allegedly diverting $5.6m and N73.5m belonging to Summit Oil International Ltd. Sini led the investigation team and was offered the bribe to permit Akindele’s escape abroad and write a favourable report.

Sini said, “I am very happy to be here and I want to appreciate the organisers of this programme. They have beat my imagination and added more grease to my elbow.”

He recalled the incident: “The person in question asked me, ‘Do you want to be rich?’ He said this is an opportunity for you to be rich. So, what I said was that it depends on the kind of riches. 

“I would like to have money so that I can lay my head down and sleep at night. I don’t want to have something that will make me think twice and be running from one hole to another. 

“So, I decided to do the right thing so that I can have peace of mind and also stand to do what is right for myself, for my organisation, that is, the Nigeria Police, and also for the country at large,” he added.

Sini advised youths not to trade their integrity for anything, stating that he would like to have money that would allow him to sleep at night and have peace of mind.

Presenting Sini with the document of the land, the Federal Capital Territory Commissioner of Police, Benneth Igweh, said Sini’s conduct has brought pride to the Nigerian Police Force.

The charge sheet revealed that Akindele and his company, Duport Midstream Company Limited, were accused of conspiring to commit a felony, stealing, and dishonest conversion of the sum of $5,636,397.01 and N73,543,763.25 belonging to Summit Oil International Limited.

Eight people die as building collapsed in Kano

By Sabiu Abdullahi 

A tragic incident occurred in the Kuntau area of Gwale Local Government Area, Kano State, on Friday morning, resulting in the collapse of a one-storey building.

Reports indicate that eight people lost their lives in the disaster. 

The building, which was under construction, collapsed during a rainstorm, trapping 15 people, including the owner, workers, and passersby who had sought shelter inside.

Witnesses described a chaotic scene as neighbors and bystanders rushed to assist those trapped under the rubble. 

Seven victims were rushed to Murtala Muhammad Specialist Hospital, where they are receiving treatment.

Unfortunately, one person succumbed to their injuries en route to the hospital. 

Efforts are ongoing to ensure no one else is trapped in the debris.

President Tinubu appoints eight new permanent secretaries

By Abdullahi Mukhtar Algasgaini

President Bola Tinubu has approved the appointment of eight new Federal Permanent Secretaries to fill in existing and impending vacancies in some states and geo-political zones in the top administrative cadre of the Civil Service of the Federation.

The new Federal Permanent Secretaries appointed after a diligent selection process by the Office of the Head of the Civil Service of the Federation are:

Dr. Emanso Umobong Okop – Akwa-Ibom 

Obi Emeka Vitalis – Anambra 

Mahmood Fatima Sugra Tabi’a – Bauchi 

Danjuma Mohammed Sanusi – Jigawa  

Olusanya Olubunmi – Ondo 

Dr. Keshinro Maryam Ismaila – Zamfara 

Akujobi Chinyere Ijeoma (South-East)

Isokpunwu Christopher Osaruwanmwen (South-South)

The President anticipates that the new Federal Permanent Secretaries will exercise absolute dedication, diligence, and fidelity to the nation in discharging their functions and ensuring optimum service delivery to the Nigerian people.