The New Economy If You Are Not Rich 

How COVID-19 could push 49 million into extreme poverty | World ...
As we approach the uncertain aftermath of the COVID-19 pandemic, many developed and developing societies remain shaken, disrupted and precarious. Jobs and austerity are the main tacit or stated socioeconomic fear of most people. The political economy of despair we are witnessing never enters the perception or the historical heritage of a nation, place or people with positive reception. We accept COVID-19 as a global pandemic is a tragedy. Most will survive it, but the death toll remains staggering and the caused disruption colossal in many countries. Our daily transactions, interactions and relations society and the economy rely on had to cease indefinitely, but for how long?
The problem for most citizens around the world is the survival of their regular economic and social expectations. Individuals have had to deal with many trenchant uncertainties at once, unawares. Jobs, businesses, opportunities, property, status, privileges, leisure and rights, many aspire to or worked so hard to attain are now looking like the glimmers of a past era. Yet, in our free-market-oriented world, orthodox economic theory demands everyone without exception must be rational in their actions. Rational cannot prevent winter or make disasters disappear instantly. To ask robust rationality of citizens under conditions of despair or even prosperity is quite a stoic demand. The political economy of despair under the current paradigm is never complete without the contradictions it produces.

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Ignorance and Illiteracy Did Not Win Buhari His Election Victories

60m Nigerians are illiterate, says Perm Sec - Daily Nigerian
Why should ignorance and illiteracy always take the blame for the failings of the weak democracy in Nigeria? It takes some extremism or disturbing denial to ignore or even use derisory evidence and poor logics to affirm President Muhammadu Buhari’s government since 2015 is either competent or successful. Obstinacy and benefit-seeking are culprits. Under Buhari’s watch, Nigeria finds itself taking a steep dive in the economic, political and social arenas of the country. The economy is in tatters with no recovery in sight. Security and safety are hopeless enough to be the responsibility of God. The tribal rivalries are making the country more unstable than before the civil war and the future of Nigeria uncertain than ever. Buhari’s ascendancy to power was not the outcome of an ignorant or illiterate population. It took the scheming of the best educated and most enlightened Nigerians to achieve that feat.

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Yankius on Arsenal F.C. and the Fainting Big Thief

Riverine Remedy: Yankius, you self, you cannot even ask after me if I don’t call you. Na so your friendship be?
Yankius: O mi Riverine Remedy, have you not heard of 5G and its cover-up story? If not for that, to call you from time to is not hard now.
Riverine Remedy: (Laughing loud and cynically) So, you still believe in that 5G – COVID-19 junk? You are more than that and you know it.
Yankius: If you do not agree with my beliefs it does not give you the privilege to insult me.
Riverine Remedy: Yankius, have you heard the Acting Managing Director of NIger Delta Development Commission fainted while being interrogated for grand corruption by Representatives in the National Assembly? Nigeria’s Big Thieves are growing in numbers geometrically. Continue reading

The Cycle of Good Education and Strong Institutions

Formal education is one of the most overrated things in human development people on the African continent can gain, maybe elsewhere too. Education in the formal sense is an “institutional thing,” i.e. the stuff of institutions. It is not just the stuff of classrooms and ivory towers. Institutions rely on education and education has to be meet institutional and societal requirements through governance for it to serve any useful purpose in society. The symbiosis of institutions and education is both valuable and undeniable. In a nation where institutions are unenforceable, we must expect the education curriculum to be inadequate in many senses. Education is not just the acquisition skills but also the awareness of the requirements of civil participation in a just or improving society.

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What Has Conservative Ideology Got to Do with Covid-19?

Ideology can be such a blinding and narrow-minded state of mind, individually or collectively. Accurate history informs us that plagues and pandemics have devastated the world several times and for millennia, long before socialism and capitalism came into existence and the human race is still here. But not because of the excessive passions that drive ideology. My conservative friends of Nigerian origin seem to think otherwise. Continue reading

The Leadership of Rotten Parts

The magic of Muhammadu Buhari’s administration has come from his citizens, but nothing of significance he has done as leader of the nation. Blamocracy (blaming past administrations for the impossibility of addressing present troubles) and claimocracy (claiming credit for the achievements of former governments) now have the regard of significant achievements in themselves. Many citizens claim that while the federal government is clean, competent and thriving, the states and local governments make up the rotten parts of Nigerian for governance. Leadership has become excused of responsibility by so-called voters. We take on the challenge to examine this sticky fallacy.

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The Perception of Development: Nigerian-Style

 

One of the most interesting but intractable things about development in Nigeria is the pervasive perception of both what it is and should be. What is development? Why are Nigerians always left behind? These are questions best answered indirectly. Continue reading

Africa’s Leader-Manias and the Take-Over by the Chinese

What has happened, Africa? This is the question a bright youth leader on a private forum asked when he learnt the Chinese have set up the 13th Chinese Police Station in South Africa. The answer is Nothing. Whether we base the question on fact, fiction or exaggeration is immaterial. Chinamen are coming and coming big to Africa. Continental tragedy was visible in African people who should have known better in advance, notably the intellectual/educated class, who were unwitting. “Bright lights” keenly supported the decadent misgovernance many of the post-colonial leaders foisted upon their citizens on the continent up to this day. Africans are now living with the harsher realities of such thoughtlessness and misfortune. The Chinese are now exploiting Africa’s naivete. Who will not?

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Fulani Herdsmen and the British Legacy: Guilty By Community Association

“Guilt by community association” (GBCA) is back in Nigeria in fresh form in 2018 not by the actions of a foreign colonialist but those of the local Nigerian auto-colonialists courtesy Fulani herdsmen affairs. In the colonial state of Nigeria under British rule, the main means by which the Nigerian staffed police force secured conformity and order from Nigerians was community arrest and faux crime taxation. If a person dropped dead in Ilesha, Oron, Keffi or Ughelli (or some village), the police would arrest all the heads of family in the area (or village) requiring each to bail themselves at a prohibitive cost; GBCA was born. The people quickly learned that a police matter was a money matter. This was the very first habit the Nigerian police force acquired that ensured that they would become hopelessly corrupt in future. Corrupt initial conditions bred both corrupt post-Independence foundations and institutions, a legacy of empire. Today, Nigerian auto-colonialists carry the blame for GBCA.
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Questions & Answers – Restructuring (non-technically): Derivation or Ownership?

“Federalism” and “restructuring” and related terms are all political jargon. It means they are not so easy to understand by non-specialists and are widely appreciated by assumption, not fact. Nigeria is a federal republic that practices federalism on paper but is a unitary state in reality because it lacks the provision of autonomy for subnational or federating units. All advanced nations have undergone several phases of restructuring for political, economic or social reasons at different stages in their existence. Many Nigerians are oblivious to the fact that the creation of Lower Niger protectorate by the British, the amalgamation of North and South Nigeria, the institution of the four colonial constitutions for Nigeria and ultimately Independence in 1960, where all cases of restructuring. Oil appears to be the only reason restructuring, or federalism looks strange to some in Nigeria. I shall now answer the questions raised in response to restructuring (non-technically): Derivation or Ownership?

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