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Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi - Politics - Nairaland

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Why Tinubu Must Restore Fuel Subsidies Now - Farooq A. Kperogi / House Of Reps Calls For Outright Removal Of Subsidies / 2023: Tinubu- Sanusi Ticket A Perfect Match (2) (3) (4)

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Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Racoon(m): 7:48am On Oct 21, 2023
Sanusi is an evangelist of subsidy removal for the poor but has no problems with subsidies for the rich. He once spent 7m naira a month for internet and spent over N37 million on Airtel in 7 months!

Twitter: @farooqkperogi

In response to my September 30 column titled "Thought Subsidy Was Bad. Why is Tinubu Bringing it Back?” a Facebook follower of mine by the name of Anas Mundi asked, “So why is SLS [i.e., Sanusi Lamido Sanusi] always agitating for fuel subsidy removal? I still don’t get it really!!”

My curt, perfunctory, irritated response was: “Because his entire life from birth to now has been subsidized, so he lacks empathy. He thinks only he and his ilk deserve subsidies. He is a spoiled, bratty sadist.”

For some reason, this offhanded but accurate response, which I’ll provide evidentiary proof for shortly, resonated with a broad spectrum of people, particularly from the North.

A few days ago, a friend who read my response to Mundi forwarded a news story to me titled, “Why Tinubu Shouldn’t Be Blamed for Nigeria's Economic Hardship – Sanusi Lamido” where Sanusi basically exculpated Tinubu from any complicity in the unbearably agonizing adversity Nigerians are going through now. He also doubled down on his habitual, mean-spirited, intellectually impoverished, and anti-people evangelism against petrol subsidies.

“It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy,” Sanusi said. “After all, Nigeria cannot even afford to pay the subsidy.”

He placed the blame for the current downturn in the economy not on the removal of subsidies but on Buhari’s refusal to completely remove subsidies. “The economy was poorly managed, and they [were] not willing to take advice,” he said.

Recall that in December 2016, Sanusi advised Buhari to “firmly and unequivocally eliminate fuel subsidies” in a presentation that I characterized in my December 10, 2016, column titled “Dangerous Fine Print in Emir Sanusi’s Prescriptions for Buhari” as a hopeless “maze of pseudo-scientific economic gobbledygook.”

Now that Tinubu has “firmly and unequivocally eliminated fuel subsidies” and people are squirming in way worse existential torment than they had ever experienced, Sanusi murdered logic and common sense by insisting that it was the previous government’s repudiation of his recommendation to “firmly and unequivocally” remove petrol subsidies that’s instigating the current mass suffering.

“I can only plead with the people to endure the hardship, and those who have the means to help the downtrodden should do so,” he said. “I am also pleading with commoners to live according to their earnings; we must not peg our lives above our earnings in this difficult situation where people are looking for what to eat.”

Notice that Sanusi is only appealing to the victims of his economic policy prescriptions to learn to “endure the hardship” the policies cause them. He never said anything about the Tinubu government’s unexampled profligate and corrupt expenditures.

For the first time in Nigeria’s history, we now have nearly 50 ministers with all the avoidable waste that entails. State governors have taken a cue and have enlarged their cabinets, too. The government is growing while the people are groaning, but that’s not a problem for Sanusi.

It recently came to light that President Bola Tinubu spent $507,384, which is equivalent to nearly 400 million naira for his hotel accommodation in New York when he attended the UN General Assembly in September.

We also learned that the federal government has requested a $1.5 billion loan to buy new cars for government officials, including SUVs for each of the 360 members of the House of Representatives that will cost N160 million per car.


These are merely minor examples of major eyewatering squandermania that is happening in governance, which critics of subsidies that benefit the poor never talk about.

How about the unconscionably outrageous trillions of naira that Nigeria spends on its refineries that don’t work? We learned in May this year that the government spent N11.350 trillion to rehabilitate Nigeria’s three refineries that have never refined a single drop of petrol in decades. But that doesn’t worry people like Sanusi.

Sanusi’s concerns about government expenditures are activated only when the expenditures might benefit poor people. He has a deep-seated loathing for everyday folks and doesn’t have the skills or the intellectual gift to hide it.

In 2012 during the OccupyNigeria protests sparked by the removal of petrol subsidies (which Sanusi helped inspire), Femi Falana told Sanusi at a forum that removing subsidies from petrol would lead to an increase in the cost of transportation, which would trigger inflation that would inflict incalculable hurt on the lives of millions of Nigeria.

“That is not an economic argument," Sanusi said in response to Falana, as if an “economic argument” were some unquestionable, arcane, and divinely ordained dogma that only he and his fellow neoliberal evangelists could understand and that the rest of us must simply believe in.

Nevertheless, in October 2019, as emir of Kano, Sanusi tearfully narrated the story of a mother in Kano who couldn’t afford the equivalent of $5 to save the life of her child. “This is what happens every day in this country,” he said. “Children die because their parents cannot afford five dollars, that a mother will watch her child die because she does not have five dollars.”

But I thought that wasn’t “an economic argument,” the most important thing that matters in this world. Sanusi has actively encouraged governments since 2012 to implement policies that activate a multiplication of the example of the woman that caused him to cry—or pretend to cry— in public in 2019.

This is a Sanusi that raided the treasury of the Kano Emirate Council like a conscienceless bandit. In an April 8, 2017, investigation by Jaafar Jaafar titled “A word for Emir Sanusi,” we learned that Sanusi inherited more than N1 billion in the treasury of Kano Emirate Council and squandered it “on exotic cars, unnecessary ‘restructuring’ of the palace, frequent foreign travels, chartered flights, customised sets of Christian Louboutin spiked shoes and Moroccan costumes, Internet bills, among others.”

As soon as he became an emir, he paid himself a monthly salary of N12m. “Mr Sanusi’s predecessor, Ado Bayero, was paying himself an average of N1.5 million,” Jaafar Jaafar pointed out. Sanusi also “spent N7m on Internet in ONE month!” in 2017. From June 29, 2015, to February 9, 2016, he spent N37,054,192.06 on Airtel. As Jaafar pointed out, “This amount alone could build a modest school or a cottage hospital with equipment as a way of matching his words with action.”

Jaafar’s exposes on Sanusi’s corruption as emir, which he couldn’t deny, caused the Kano State’s anti-corruption agency to probe him. The government wanted to use the outcome of the probe to dethrone him but for the intervention of elder statesmen from the North.

A person with this sordid record of corruption and elite subsidies thinks the miserly subsidies that make life a little bearable for ordinary people are too much and must be eliminated. Thankfully, we are all witnessing the effect of his “economic arguments.”

Re: Ignorance of America that Atiku’s Lawyers and Supporters Betray

Your piece on the Tinubu Certificate saga was highly readable and rigorous as usual. But it has at least one not-so-minor flaw. Read Chapter 8, Part IV, Section 318 of the Nigerian Constitution on "Interpretation". The section which is in four sub-sections (a) (b) (c) & (d), defines "School certificate or its equivalent." Sub-section (c) lists "Primary Six School Leaving Certificate or its equivalent" as sufficing, provided it is accompanied by (i) service in a public or private sector acceptable to INEC, and (ii) attendance at courses and trainings for up to a total of one year at any institution acceptable to INEC, and (iii) ability to read, write, understand and communicate in English to the satisfaction of INEC.

Sub-section (d) is even more telling. It simply says, "any other qualification acceptable to the Independent National Electoral Commission."

What all this means is that even if Daley College rescinds President Bola Ahmed Tinubu's associate degree & his bachelor's degree from Chicago State University automatically follows, he may still have a leg to stand on.

Such is the liberality of our Constitution on academic qualification. In other words, it is much more liberal on this issue than most Nigerians imagine, apparently including politicians who gratuitously claim certificates they do not need to qualify as candidates.

Have a great week ahead. Note this is my personal opinion & not INEC's position. And you are free to publish it. Malam Mohammed Haruna, INEC Commissioner
https://www.farooqkperogi.com/2023/10/tinubu-sanusi-subsidies-and-economics.html

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Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by adesegun121(m): 7:50am On Oct 21, 2023
Noted

1 Like

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Racoon(m): 7:50am On Oct 21, 2023
Notice that Sanusi is only appealing to the victims of his economic policy prescriptions to learn to “endure the hardship” the policies cause them. He never said anything about the Tinubu government’s unexampled profligate and corrupt expenditures.
These elites are really the most wicked set of devilfish people on earth

18 Likes 3 Shares

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Racoon(m): 7:50am On Oct 21, 2023
“It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy. After all, Nigeria cannot even afford to pay the subsidy.

He placed the blame for the current downturn in the economy not on the removal of subsidies but on Buhari’s refusal to completely remove subsidies

3 Likes 1 Share

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Danegun777: 7:51am On Oct 21, 2023
cool



If you attended Government Primary, Secondary or Higher Institution you have enjoyed educational subsidy


If you buy food stuffs from farms that use subsidized fertilizer, you have enjoyed subsidy

If you have used Government clinic and hospital in the past you have enjoyed Medical subsidy

The simple truth is Nigeria survival is largely based on Oil and Gas

Buhari already borrowed far more than we can comfortably service, and the Chinese want thier money back


.

16 Likes 2 Shares

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by SALLYBERRY01(m): 7:52am On Oct 21, 2023
Farooq is a good writer I have been following him from twitter

3 Likes 1 Share

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by FalseProphet1(m): 7:53am On Oct 21, 2023
I see Peter Obi reclaiming back his stolen mandate form APC.

Please nobody should quote me, I'm on the mountain.

This I have seen.

7 Likes 1 Share

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by RingRoadMafia: 7:53am On Oct 21, 2023
Danegun777:
cool



If you attended Government Primary, Secondary or Higher Institution you have enjoyed educational subsidy


If you buy food stuffs from farms that use subsidized fertilizer, you have enjoyed subsidy

If you have used Government clinic and hospital in the past you have enjoyed Medical subsidy




.

What is this cuunt saying?

15 Likes

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Higherthan: 7:53am On Oct 21, 2023
Wait to see how some headless mob will masturbate on seeing tinubus name...

1 Like

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Dietlve: 7:53am On Oct 21, 2023
lipsrsealed
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Parydelegate: 7:54am On Oct 21, 2023
Food
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by NOETHNICITY(m): 7:54am On Oct 21, 2023
I use to always hold special regards for Kperogi’s deep insights on issues.
But the series of mistakes he made regarding Tinubu CSU certificate really made me begin to doubt his credibility and insight.

He made several error base declarations, he retracted several errors and went back on them again, before finally taking position with the BBC fact checking report which declared that Tinubu never forged any documents

8 Likes 1 Share

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by WariBOQ: 7:54am On Oct 21, 2023
Racoon:
These elites are really the most wicked set of devilfish people on earth
cheesy
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Danegun777: 7:55am On Oct 21, 2023
RingRoadMafia:


What is this cuunt saying?

Your 👩‍👦‍👦 is the C***t
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Daisukee: 7:55am On Oct 21, 2023
See

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by ArmaniUhuru: 7:57am On Oct 21, 2023
Things are not working for the poor. While those that consider themselves as intellectual property are supporting anti public policies.

2 Likes

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by mrvitalis(m): 7:57am On Oct 21, 2023
All these tinubu paid writers sha

Removing subsidy and floated of naira is the prescribed drugs yes but the method of administration of the said drug and dosage was completely wrong.... The right drug can kill you if administered wrongly

As it stands now we are back worse than we were achieved absolutely nothing... Subsidy is back and naira is pegged... So what exactly did tinubu achieve?

Solutions I stand with Peter Obi on his plan.. We need to do exactly what Zambia did

1) Restructure our loans-yes people would say this would worsen our loan payments long term... Yes I agree but here is the benefits
Right now debt servicing to revenue is over 105%....we can restructure extand payment duration and reduce the amount of payment... If we can reduce payment obligations by 60% that would be ideal
One of the things responsible for dollar scarcity is government mopping up dollars to service debt... If we succeed in the above that demand drops by 60%


2) Look for foreign lenders for stimulus package of say $15 billion to $25 billion - borrow more money? Absolutely yes ... But this loans would not be used for infrastructure payment of salaries or subsidy... This loan would go 100% percent to manufacturers that meets certain conditions at a good interest rate

The conditions
a) manufacturer must be manufacturering a product Nigerians import at a price not more than the landing cost of such a product... You must prove you can produce at that price or lower

b) you manufacturer or produce goods Nigeria can export at a price lower than the international average price

c) you import goods have distribution network and cab prove you can manufacturer same goods you import at your landing cost

Loans would be given to Banks at 3% interest rate to loan at 10% interest rate

Loans can only be used for expanding production

Manufacturers are given 3 years breaks before loan repayment can start

3) use technology to track petroleum usage Egypt and many examples can be copied

If we can get the real daily consumption which I believe is around 30 million litres daily

[b]This is complex but I believe can be achieved... To talk about my proposed methods here would take too much time [/b]


With the above done in 6 months to 2 years... A smart president would have saved enough reserve to then float the naira and defend it

We might even find subsidy can be afforded

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Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by DMerciful(m): 7:58am On Oct 21, 2023
K
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Ola9ja23: 7:58am On Oct 21, 2023
Ok
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by JASONjnr(m): 7:59am On Oct 21, 2023
Racoon:
These elites are really the most wicked set of devilfish people on earth

What were you expecting them to be? Saints?
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by kennyz247(m): 8:01am On Oct 21, 2023
To much story on top subsidy matter..
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by forgiveness: 8:01am On Oct 21, 2023
Atiku chasing shadow
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by wittywriter: 8:03am On Oct 21, 2023
Higherthan:
Wait to see how some headless mob will masturbate on seeing tinubus name...

FalseProphet1:
I see Peter Obi reclaiming back his stolen mandate form APC.

Please nobody should quote me, I'm on the mountain.

This I have seen.
Mountain Everest...lolz

If subsidy is still been paid/restored why is the PMS price yet reversed to what it was before BAT/BAAT administration?
Where is the excess trillions of the subsidy removal revenue/funds declared as generated?
APCheats.
Tianamen1:

The excess Naira saved has been converted to dollars and is currently in various private dom accounts. This is why the Naira crashed beyond the government’s expectations.

The increase in civil servants salaries will also lead to another surge in demand for dollars further devaluing the Naira.
shocked@Bolded

Wittyness.
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by AntiChristian: 8:03am On Oct 21, 2023
It is easier for a man who is over hundred to regain his manhood than for Peter Obi to regain his Osubidient mandate!
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Kukutente23: 8:04am On Oct 21, 2023
Spot on
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Memphis357(m): 8:06am On Oct 21, 2023
How the GEJ administration managed to handle the economy despite all the crisis the world was facing needs to be studied.
This senile old fool Nigeria has as its President will put the final nail on the coffin of Nigeria.
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by RECTEM: 8:06am On Oct 21, 2023
c
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by ShenTeh(m): 8:07am On Oct 21, 2023
Lol.
Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by b3llo(m): 8:07am On Oct 21, 2023
Sanusi is a consciousless treasury bandit

1 Like

Re: Tinubu, Sanusi, Subsidies And The Economics Of Empathy By Farooq A. Kperogi by Blake755: 8:07am On Oct 21, 2023
Abrakatabra government

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