Opinion

Nobel Laureate Economist Angus Deaton gave a humbling lesson to Economists on Capitalism in his seminal article, 'Rethinking my Economics', published on the IMF website, questioning his 40 year neo-liberal economic beliefs that won him a Nobel Prize, which resonates with President Bola Tinubu’s economic somersaults of reversing his neo-liberal economic policies of subsidy removal and floating the Naira that led to economic destabilization and heightened poverty in Nigeria. How Yorubas Omoluabi leadership moved from Awolowo's empowering Social Welfarism to Tinubu's debilitating neo-liberal economics can only be explained by one of Deaton postulations that "Without an analysis of power, it…
“I know the arithmetic of the budget and the numbers that I brought to the National Assembly, and I know what numbers came back… Those who are talking about malicious embellishment in the budget; they did not understand the arithmetic and did not refer to the baseline of what I brought,” President Bola Tinubu declared at the State House, upper Friday. And there was ominous quiet on the home front. He was hosting the leadership of the Senate at the breaking of Ramadan fast. Do you remember the fuss generated a couple of weeks ago by the allegation of N3.7…
The sting of death is sin; and the strength of sin is the law. But thanks be to God, which giveth us the victory through our Lord Jesus Christ ~ 1Corinthians 15:56-57. Introduction: Happy Resurrection celebrations to all our friends and brethren around the world! May the power of Christ’s resurrection continue to bring renewed hope, love, peace, power and God’s endless blessings to you and yours, in Jesus Name. Amen. Christ’s resurrection is, unarguably, one of the greatest and most momentous events in human history. It is the key-stone of the arch of our holy faith, and therefore, very…
Kingdom Dynamics Everything happens before it happens. Everything that is happening has already happened. Solomon says: “That which has been is what will be, that which is done is what will be done, and there is nothing new under the sun. Is there anything of which it may be said, “See, this is new”? It has already been in ancient times before us.” (Ecclesiastes 1:9-10). According to this principle, the same Jesus that was crucified in Jerusalem is: “The Lamb slain from the foundation of the world.” (Revelation 13:8). The Bible also says the works of Jesus were finished before…
The times are tough. It is therefore just appropriate that President Bola Tinubu has shunned all forms of celebration of his 72nd birthday. He has great dreams. And a proverb says a man who wants his dream to come true does not sleep. That is a proverb Asiwaju has lived all his life and is living even more, now! That is one man who, literally, never sleeps! The least we can do as Nigerians is to join hands with him by staying awake to our duties and responsibilities as citizens. An appropriate birthday gift we can give him, everyday! Nigerians…
When Lt. Colonel Abdullahi Hassan Ali, 49, assumed duties as Commanding Officer of the 181 Amphibious Battalion of the Nigerian Army, all his mother, Hassana, could do was pray. Three years ago, Ali’s younger brother, Jamilu, a captain, had been killed in action by bandits in Katsina State. As an officer in the North-east, Ali himself had escaped death a number of times in battles against Boko Haram insurgents. His father had died after retirement from the Army. After his death, Ali’s ageing mother has been nursing her loss, in addition to coping with the death of her son in…
From the description of the VIP treatment given the two Binance executives abducted by the Nigerian government in a Mohammed bin Salman’s Ritz-Carlton style, one gets the impression that they did not think their tactic through. They detained the men (Nadeem Anjarwalla and Tigran Gambaryan) deemed economic sabotages, still allowed them several privileges, somehow forgot to put them on a watch list, and one of them managed to escape. Nigeria’s handling of the Binance affair suggests that their detention and proposed trial were half-hearted. So desperate was the government to find a scapegoat that they invited Binance officials, detained them,…
Wednesday, 27 March 2024 04:33

Leadership and accountability - Toyin Falola

A lack of quality, people-oriented leadership has been the single most identified challenge to development in Nigeria. Over the years, since its independence from Britain in 1960, the quest for good (dedicated) leadership has seen Nigeria(ns) suffer through a series of upheavals—including several (sometimes brutal) military coups, a civil war, and decades of political suppression—and other developmental setbacks. Consequently, when, in 1999, the country was returned to democratic rule, which was celebrated as an ideal government model capable of delivering public goods to the masses, many were optimistic for a new dawn. True to the hopes and aspirations of Nigerians,…
In 2003, the literary critic Fredric Jameson famously observed that “it is easier to imagine the end of the world than the end of capitalism.” For the first time in two centuries, he noted, capitalism was viewed as both destructive and irreversible. Waning faith in the possibility of a post-capitalist future has nurtured deep pessimism. This prevailing despair evokes John Maynard Keynes’s 1930 essay “Economic Possibilities for Our Grandchildren,” in which he warned against the “two opposed errors of pessimism.” The first was the pessimism “of the revolutionaries who think that things are so bad that nothing can save us…
Western deception has been with Africa forever. 1493: Pope Alexander VI issued a papal bull, Inter Caetera, proclaiming the right of Spain and Portugal to enslave Africans and own the land. They were subjects. They stole your people and your land. 1885: Africa was a Dark Continent. It required colonisation to become civilised. Europe would bring change and civilise Africans. They stole your raw materials and truncated your self-development. 1940: When over a million Africans fought in Europe, North Africa and the Far East during the Second World War, the West convinced them they were dying for freedom and democracy.…
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SEC introduces new regulations on private companies’ securities issuance, allotment

The Securities and Exchange Commission (SEC) has unveiled fresh regulations governing the issuance and allotment…
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Ndume to FG: ‘You can’t be loading taxes on people when you are not increasing…

Ali Ndume, the Senate Chief Whip, has voiced criticism against the contentious cybersecurity levy, arguing…
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Dementia cases are on the rise — avoid these 12 risks to keep your brain healthy

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What to know after Day 808 of Russia-Ukraine war

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Wellspring Consulting proposes cybersecurity investment to boost Nigeria's economy

In a bid to rescue Nigeria from its economic challenges, Wellspring Consulting advocates for significant…
April 30, 2024

Finidi George is new Head Coach for Super Eagles

Former Nigerian winger Finidi George has been appointed as the head coach of the national…

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