Rise of right-wing economic populism in Nigeria - Farooq Kperogi – Newstrends
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Rise of right-wing economic populism in Nigeria – Farooq Kperogi

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Rise of right-wing economic populism in Nigeria – Farooq Kperogi

Over the last few months, I have unconsciously transitioned from keyboard diarrhea to mental constipation and have pulled back from social media engagements. I even struggle to write my weekly columns.

It’s precisely because toxic, unthinking, IMF-manufactured, right-wing economic populism has become hegemonic and taken firm roots in Nigeria. Blaming Tinubu for his right-wing economic policies while ignoring the fact that his opponents subscribe to the same policies is the kind of hypocrisy my mental, emotional, or ideological constitution is incapable of tolerating.

Right-wing or conservative economic populism manifests differently in different countries, but its core lies in weaponizing the general population’s concerns and frustrations, particularly around economic issues, to advocate poisonous, anti-people, market-centric, neoliberal economic policies while blaming an invisible elite or establishment class that supposedly controls power and resources to the detriment of the majority.

In Nigeria, conservative economic populism consists of the intentionally deceitful and absurd but nonetheless successful (at least for now) demonization of subsidies, especially petrol subsidies.

Nigeria’s elite-created economic woes are fraudulently attributed to the dispensation of subsidies. The masses of unsuspecting chumps in the country are then whipped into a senseless frenzy about an invisible, unidentified class of “subsidy thieves” who putatively suck up our commonwealth through petrol subsidies and who would wither and perish when subsidies are removed.

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That’s classic right-wing economic populism. Well, experience is showing that it’s actually the masses that are withering and perishing after petrol subsidies have been removed. An acquittance who passionately opposed my recommendation to Tinubu to not remove petrol subsidies in my April 29, 2023, column by regurgitating the banal talking points of hard-hearted neoliberal hawks reached out to me a few days ago to admit that he was a gormless fool to believe the propaganda that petrol subsidies didn’t benefit the masses.

It took the collapse of his small transportation business and the descent of his previously thriving relatives into the dark depths of despair and poverty in less than one year after the removal of petrol subsidies for him to come to the realization that citizens of every country need subsidies.

Another central plank of Nigerian right-wing economic populism is the advocacy for the devaluation of the naira. It’s also known by the fancy name of “floating the naira.” The idea that the naira is “over-valued” and should be allowed to find its true worth in the crucible of demand and supply is a standard arsenal in the rhetorical armory of conservative economic populists in Nigeria.

Yet another favorite shtick of the treacherous tribe of neoliberal vampires in Nigeria is to capitalize on the well-known inefficiency of civil service bureaucracies to advocate the privatization of everything and the mass retrenchment of workers.

Yet these are really old, discredited Structural Adjustment Program policies that the IMF and the World Bank imposed on developing countries, which devastated national economies, caused the untimely deaths of hundreds of thousands of people, which the IMF was compelled to slyly apologize for amid mounting evidence of their tragic failure.

The same rotten and venomous policies have been repackaged, aromatized, and re-presented to developing countries as new and effective elixirs. Every developing country that has embraced them is now coping with potentially explosive internal turmoil.

Like Nigeria, Egypt recently accepted to devalue its currency by more than 68 percent and remove subsidies that lighten the burden of existence for ordinary folks in exchange for an $8 billion loan from the IMF.

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Everyone within striking distance of becoming president in Nigeria in 2023 subscribed—and still subscribes—to the consensus that the IMF and the World Bank are inviolable economic oracles that must not be disobeyed, that subsidies must be eliminated and the poor be left to fend for themselves, and that the market is supreme and should be left to determine the value of everything.

In fact, the other day, PDP presidential candidate Atiku Abubakar put out a press statement titled “Argentina’s Javier Milei approach to reforms should serve as a lesson for Tinubu” where he extolled the dangerously right-wing Argentinian president Javier Milei whose rightwing economic populist policies are destroying the fabric of his country.

“I read a recent report in Reuters titled: ‘Argentina’s market double down on Milei as investors ‘start to believe’,” he wrote.

Well, the same Western financial establishment is already praising the outcome of Tinubu’s economic policies. A March 8, 2024, report from Bloomberg, for instance, has said that “Foreign investor demand for Nigerian assets surges as reforms instituted by President Bola Tinubu’s administration starts paying off.”

Similarly, one David Roberts, identified as a former British Council Director in Abuja, bragged the other day that Nigeria’s economy “posted a GDP growth of 3.46% in quarter 4” as a result of Tinubu’s economic reforms.

He wrote: “Why would a country with a severe infrastructural deficit invest more money on a wasteful expenditure such as cheap petrol, instead of building schools, hospitals, dams and a national railway system? It is evident that it had to go.

“We joined the World Bank and the International Monetary Fund in saying as much to the Nigerian government. And at long last, it is gone.”

People outside Nigeria reading about Nigeria in the Western financial press would think Nigerians are now living in El- Dorado as a result of Tinubu’s “reforms”—just like Atiku thinks a favorable Reuters story about the anti-people economic policies of Milei, who is called the “Madman of Argentina,” is already yielding excellent outcomes.

If you do the bidding of the Western establishment, they will always make up statistics to show that your economy has grown. I called attention to this in my June 28, 2023, column titled, “Why Tinubu’s Hiring and Firing Frenzy Excites Nigerians.”

I wrote: “What shall it profit a country when it pursues policies that cause the economy to ‘grow’ but cause the people to growl? After the economy has ‘grown’ but the people still groan, where is the growth? The most important growth isn’t the rise in abstract, disembodied, World Bank/IMF-created metrics but in the improvement of the quality of life of everyday folks.”

Milei’s Argentina that Atiku is praising is almost in the same right-wing economic hellscape as Nigeria is. Like Tinubu, Milei began his presidency by removing subsidies for petrol and transportation and devaluing the Argentinian peso by more than 50 percent. In addition, he threw scores of workers into unemployment when he reduced the number of ministries in the country.

He is so market-centric he scrapped a whole host of rules designed to reign in the greed and exploitation of private enterprises. He did this by getting the parliament to approve the principle of “delegated powers” to the executive for one year, which allows him to rule by decree like a military dictator in the name of “economic urgency.”

The result? Like in Nigeria, most Argentinians are having a hard time finding food to eat. A February 1, 2024, CNN story captures it: “‘I don’t know how I will eat.’ For the workers behind Argentina’s national drink, Milei’s reforms are turning sour.”

Argentinian workers periodically go on strike to protest Milei’s punishing right-wing policies. On February 28, all flights were cancelled in the country because air travel workers went on a crippling 24-hour strike.

A March 4, 2024, Bloomberg report said Milei’s policies had caused spending to plunge at shops in Argentina, that firms were seeing double-digit sales declines for third straight month, that the worth of salaries had plummeted amid a paralyzing 250% inflation, and that recession was deepening in the country.

The lead to the story says it all: “Consumers in Argentine are running out of options to shield themselves from runaway price increases as President Javier Milei’s austerity measures send the country deeper into recession.”

That’s Atiku’s exemplar for Nigeria. Peter Obi is, of course, no different. Tinubu, Atiku, Obi, and in fact Yemi Osinbajo are united in their love for rightwing economics, which invariably leads to an increase in poverty, suffocation of workers, rolling back of welfare for common people, etc.

In a perverse way, they are actually worse than Buhari because they are self-conscious conservative economic ideologues. Buhari is merely a know-nothing, bungling, kakistocratic power monger.

The real tragedy is that the vast majority of Nigerians who are ensconced in the narrow ethno-religious political silos built around the personalities of the major 2023 presidential candidates don’t realize that on economic policies, which is what really matters, Tinubu, Atiku, Obi, and Osinbajo are more alike than unlike.

Sadly, Nigerian leftists, who used to be the bulwark against the dangers of conservative economic totalitarianism, have either been coopted or silenced. Only Femi Falana, Majeed Dahiru, I, and a few others consistently stand up to the forces of economic conservatism.

This state of affairs will ensure that Tinubu’s successor will be another neoliberal ideologue who will bludgeon his way to the presidency using religion and ethnicity as cudgels. When he deepens the misery he inherits, he will blame his predecessor for not being a faithful practitioner of the neoliberal gospel. His own successor will replicate his template.

After three terms of this right-wing baloney, Nigeria will be irretrievably gone. The time to pivot from the IMF and the World Bank and to reject everyone who is their poodle is now.

 

Farooq Kperogi is a renowned Nigerian newspaper columnist and United States-based Professor of Journalism.

Rise of right-wing economic populism in Nigeria – Farooq Kperogi

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Tinubu’s Buharization of NNPC By Farooq Kperogi

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President Bola Ahmed Tinubu and former President Muhammadu Buhari

Tinubu’s Buharization of NNPC by Farooq Kperogi

After the sustained, unwarranted personal attacks I endured for eight years from northerners for unswervingly calling out what I called the “embarrassingly undisguised Arewacentricity of Buhari’s appointments” in a February 2, 2019, column titled “Even Ahmadu Bello Would Be Ashamed of Buhari’s Arewacentricity,” I promised that I would look the other way if a southern president returned the favor after Buhari’s tenure.

But promises made in the heat of disillusionment often crumble under the weight of principle.

Ironically, this column was inspired by a well-regarded Yoruba supporter of President Bola Ahmed Tinubu who is worried, in fact embarrassed, by the optics of what he says is Tinubu’s relentless Yorubacentric take-over of the Nigerian National Petroleum Company (NNPC).

His concern wasn’t just partisan discomfort; it was a profound unease about how this nepotistic approach undermines national cohesion.

I frankly hadn’t been paying attention to the internal dynamics at the NNPC, but the acquaintance pointed out that Yoruba people now occupy major positions at the NNPC and that a certain (person) is “being proposed as GMD after Mele Kyari’s term expires” early next year.

I haven’t independently confirmed the accuracy of this claim but given the closeness of the source of information to people in the circles of power, it’s probably best to not dismiss this with the wave of the hand.

His concern is that Tinubu, from the Southwest, is already the minister of petroleum. Senator Heineken Lokpobiri, the Minister of State for Petroleum and Chairman of the NNPC, is from the South-South. Chief Pius Akinyelure from the Southwest is NNPC’s Non-Executive Board Chairman.

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The head of the NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti, my acquaintance pointed out, has been replaced by one Seyi Omotowa. Gbenga Komolafe is the chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), making him the highest-ranking upstream regulator.

“If a Yoruba man were to be the GMD, another Yoruba man is the Chairman, and yet another Yoruba man is the regulator, that’s extreme lopsidedness,” and other parts of Nigeria would be justified to feel uncomfortable, my acquaintance said.

As with issues of this nature, the reality may be more complex that the surface-level impressions that I have been presented with. Of the 12-member non-executive Board of Directors, I counted at least four names that I recognize as northern, and that includes Kyari, the outgoing GMD.

The 7-member Senior Management Team on NNPC’s website has three northerners (if Kyari is included). That seems fair. Plus, Buhari actually appointed many of the Yoruba people in high places at the NNPC. By these metrics, one might argue that there’s a semblance of balance.

However, Tinubu’s broader public image tells a different story. His administration is rapidly cementing a reputation for Yorubacentric provincialism. Like the late Umaru Musa Yar’Adua, who governed Nigeria as if he were still a Katsina governor, Tinubu appears to be governing Nigeria as though he were still the governor of Lagos.

Just like Yar’adua was elected a Nigerian president but operated like a Katsina governor in Abuja, Tinubu is also, so far, a Nigerian president only in name. His mindset is still that of the governor of Lagos.

With a few notable (and in some cases unavoidable) exceptions, Tinubu’s government is largely the re-enactment of his time as the governor of Lagos. It is, for all practical purposes, an unabashed Lagos-centric Yorubacracy.

To be fair, though, with the possible exception of Olusegun Obasanjo’s administration, all civilian regimes since 1999 have been insular ethnocracies.

My source reminded me of a viral social media post I wrote on January 14, 2019, titled “New IGP: Why Progressive Northerners Should be Embarrassed” where I gave four reasons for being insistently censorious of Buhari’s Arewacentric appointments in response to southerners who asked why I was bothered since I was a northern Muslim who was “favored” by such appointments—“favored,” that is, on the emotional and symbolic plane.

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I pointed out that I criticized similar such parochial appointments by previous presidents from the South and that it would be hypocritical to look the other way because I was now “favored” by such appointments.

I said people from my region and religion won’t always be in power, and I wanted to be able to stand on a firm moral pedestal when I criticize future presidents who replicate Buhari’s (and previous presidents’) provincialism.

Most importantly, I said, I was personally embarrassed by Buhari’s insularity and that every progressive northerner should be. I described it as the sort of embarrassment you feel when your best friend who thinks highly of your mother visits you in your home and your mother, during a family dinner, gives you a considerably bigger food portion size and choicer pieces of meat than your friend.

“You feel like screaming: ‘Mom, I know you love me, but you’re embarrassing me by showing overt preferential treatment to me in the presence of my friend’,” I wrote.

The Yoruba acquaintance of mine who alerted me to the creeping Yoruba-centric take-over of the NNPC said he was doing so out of a feeling of the same sense of embarrassment that inspired my rage against Buhari’s appointments that favored the North unfairly, especially in the areas of security.

Tinubu is doing in the economy sector what Buhari did in the security sector. The minister of finance, the governor of the central bank, and every other consequential agency in finance is headed by a Yoruba man. I am not sure Nigeria has ever seen this level of extreme, state-sanctioned ethnocentric domination of a critical segment of national life.

Appointing another Yoruba individual as the head of the NNPC would complete what many already perceive as the ethnic capture of Nigeria’s economic nerve center. It would not only cement Tinubu’s image as an insensitive ethnocrat but also exacerbate public discontent and foster deeper divisions in an already polarized nation.

If Tinubu is unaware of this burgeoning perception, he needs to awaken to its reality. Leadership is not just about policies and actions; it’s also about managing optics and inspiring confidence in a nation’s collective identity.

In a September 5, 2015, column titled “Buhari is Losing the Symbolic War,” where I railed against the exclusion of Igbo people in Buhari’s first appointments, I wrote:

“Symbolism isn’t the same thing as substance. Appointing people to governmental positions does nothing to improve anybody’s lot—except, perhaps, the people so appointed and their immediate families.

“Jonathan’s disastrous 5-year presidency couldn’t even bring basic infrastructure like boreholes to his hometown of Otueke, yet his people derive vicarious satisfaction from the fact of his being Nigeria’s former president.

“Human beings are animated by a multiplicity of impulses, including rational and emotional impulses, both of which are legitimate. When we turn on our rational impulses, we may ask: What would appointing an Igbo man as SGF, for instance, do to Igbo people? The answer is ‘nothing.’

“But we are more than rational beings: we are also emotional beings. That’s why people are invested in symbolism. Appointing someone from the southeast or the deep south is merely a symbolic gesture, but it inspires a sense of inclusion in the minds of many people from that region; it serves as a symbolic conduit through which people vicariously connect with the government.”

This cycle of ethnic favoritism must end if Nigeria is to realize its full potential as a nation. To grow and thrive, we need leaders who can transcend the narrow confines of ethnocracy.

We need leadership that embraces diversity and inclusion, not as buzzwords but as guiding principles for governance. Only then can we begin to heal the fractures that divide us and build a nation that serves all its citizens, regardless of ethnicity or region.

Farooq Kperogi is a renowned Nigerian columnist and United States-based Professor of Media Studies.

Tinubu’s Buharization of NNPC by Farooq Kperogi

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Ademola Lookman showed Davido and Kemi Badenoch that wisdom is not by age – Omokri

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Reno Omokri, Ademola Lookman, Davido and Kemi Badenoch

Ademola Lookman showed Davido and Kemi Badenoch that wisdom is not by age – Omokri

Recently, the singer David Adeleke was given a global stage to do whatever he wanted and deliver any message.

Sadly, Mr. Adeleke used the opportunity to speak in an American accent. Not only that, he used that American accent to talk down on Nigeria and tell the world not to invest in Nigeria because, as he put it, Nigeria’s “economy is in shambles”.

Coincidentally, a month after his faux pas, Kemi Badenoch, probably inspired by Davido, used her British accent to talk down Nigeria, calling us “a very poor country” where the police rob citizens.

But the interesting thing about her own case is that the next day, the BBC featured a panel of Conservative Party big shots, and one of them, Albie Amankona, a party chieftain from Chiswick, who is also a celebrity broadcaster, said, and this is a direct quote:

“If you are a Brexiteer, and you are saying we need to be expanding our global trade beyond the European Union, we want to be looking at emerging markets for growth, don’t slag off one of the fastest growing economies in Africa.”

Is it not strange that it took the BBC and a British politician to promote Nigeria as one of the fastest-growing economies in Africa?

And just when we thought it was all bad news, God gave us a breath of fresh air in the youthful Ademola Lookman, who used the global podium granted to him by his winning the 2024 African Footballer of the Year award to promote and project Nigeria and the Lukumi Yoruba language to the world.

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Wisdom is not by age. If not, Ademola Lookman, who is just twenty-seven, will not have displayed greater wisdom than David Adeleke, who is thirty-two, and Kemi Badenoch, at forty-four.

Mr. Lookman proved that the age of Methuselah has nothing to do with the wisdom of Solomon.

And it is not as though other ethnicities with global icons do not also project Nigeria. They do.

Dr. Mrs. Ngozi Okonjo-Iweala spoke Igbo on the podium of the WTO in Geneva. In terms of prestige, she is FAR above Lookman.

My campaign is not for the Lukumi Yoruba alone. It is for all sub-Saharan Black Africans to learn to speak their language and not use ability to speak English or another colonial language as a measure of intelligence.

Besides Lukumi Yoruba and Hausa, every other Nigerian language, including Fulfulde, is gradually dying out.

General Buhari is half Fulani and half Kanuri. Yet, he cannot speak either Fuifulde or Kanuri. But he speaks Hausa and English.

Fact-check me: In 2012, UNESCO declared Igbo an endangered language.

However, the Lukumi Yoruba are to be commended for their affirmative actions to advance their language and culture.

Let me give you an example. All six Governors of the Southwest bear full Lukumi names: Jide Sanwa-Olu, Seyi Makinde, Dapo Abiodun, Ademola Adeleke, Abiodun Oyebanji, and Orighomisan Aiyedatiwa.

No other zone in Nigeria has all its governors bearing ethnic Nigerian names as first and second names. They either bear Arabic or European names as first names or even first and second names.

If we truly want to be the Giant of Africa, we must take affirmative steps to preserve our language and culture so we can have children like Ademola Lookman.

Teach your language to your children before you teach them English. They will learn English at school. Being multilingual is scientifically proven to boost intelligence.

Fact-check me: In the U.S., Latino kids do not speak English until they start school. They learn Spanish as a first language.

Even if you relocate to the UK, the best you can be is British. You can never be English. And if your choice of Japa is the U.S., the highest you can be is an American citizen. You will never become a White Anglo-Saxon Protestant WASP.

Your power lies in balancing ancient and modern, Western and African, English (or other colonial languages) and your native tongue.

That is the way to reverse language erosion, like the Lukumi Yoruba.

Ademola Lookman showed Davido and Kemi Badenoch that wisdom is not by age – Omokri

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Kemi Badenoch’s Hate for Nigeria – Femi Fani-Kayode

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Femi Fani-Kayode

Kemi Badenoch’s Hate for Nigeria – Femi Fani-Kayode

“I find it interesting that everyone defines me as a Nigerian. I identify less with the country than with my specific ethnic group. I have nothing in common with the people from the north of the country, the Boko Haram, where Islamism is. Being Yoruba is my true identity and I refuse to be lumped with the northern people of Nigeria who were our ethnic enemies, all in the name of being called a Nigerian”- @KemiBadenoch.

Dangerous rhetoric

Kemi Badenoch, MP, the leader of the British Conservative Party and Opposition in the @UKParliament, has refused to stop at just denigrating our country but has gone a step further by seeking to divide us on ethnic lines.

She claims that she never regarded herself as being a Nigerian but rather a Yoruba and that she never identified with the people from the Northern part of our country who she collectively describes as being “Boko Haram Islamists” and “terrorists”.

This is dangerous rhetoric coming from an impudent and ignorant foreign leader who knows nothing about our country, who does not know her place and who insists on stirring up a storm that she cannot contain and that may eventually consume her.

It is rather like saying that she identifies more with the English than she does with the Scots and the Welsh whom she regards as nothing more than homicidal and murderous barbarians that once waged war against her ethnic English compatriots!

All this coming from a young lady of colour that is a political leader in a multi-ethnic, multi-religious and multi-cultural country that lays claim to being the epitome of decency and civilisation! What a strange and inexplicable contradiction this is.

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Her intentions are malevolent and insidious and her objective, outside of ridiculing and mocking us, is to divide us and bring us to our knees.

I am constrained to ask, what on earth happened to this creature in her youth and why does she hate Nigeria with such passion?

Did something happen to her when she lived here which she has kept secret?

Kemi Badenoch’s Hate for Nigeria – Femi Fani-Kayode

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