Archive for the ‘Markets’ Category

In 2012 an Odua Peoples Congress (OPC) operative intimated to me very intensely that then President Olusegun Obasanjo was a traitor to the Yoruba race citing many things he did as military and civilian head of state as proof. One accusation was the nationalisation of Western region-owned assets to the federal government dominated by the Hausa-Fulani. Another accusation was the initiation of the transfer of the Nigerian capital from Lagos in the South-west to Abuja in the North. There were other accusations mentioned and they were supposed to persuade me and others that Obasanjo was a thoroughgoing agent extraordinaire for Northern hegemony or imperialism. In the 1960s and 1970s the nationalisation of major industries was a global vogue and blaming Obasanjo as one head of state in a thoroughly global trend is harsh. (more…)


Any political party promising rice selling at 2014 prices might sweep President Buhari’s administration out government resoundingly. Never underestimate hunger. (more…)


Many Nigerians optimistically think that one day, the nation will attract enough foreign direct investment (FDI) to enable it thoroughly refurbish, upgrade or expand the generation, transmission and distribution capacities of the [now] privatised Nigerian Electric Power Sector (NEPS) in order to provide customers with “constant electricity” supplies. Please think again! Foreign investors are not coming into Nigeria with $20 billion (at least) to revamp  electricity in the country. Nigeria is in no shape to attract foreign investment and it is unlikely it would have if things were going well. Does Grand Minister, Babs Fashola, disagree? The attraction of FDI is solely based on the assurance that if invested it will yield ‘good secure’ profits for the investors. What other incentives are there for foreign investors to invest in Nigeria? (more…)

When last week Grand Minister, Babs Fashola (SAN), claimed his now famous incapacity to revamp the Nigeria’s electric power sector was due to the inadequacies of Nigeria’s population census agency, he knew he was lying. Another grand act of blamocracy engendered by the Buhari administration. Nigeria’s electric power problems are primarily that of money (investment) and transparency (incorruptibility); it has nothing whatsoever to do with population census. Fashola did not even have to lie about Nigeria’s electricity development backwardness even though he lied about giving Nigerians an ‘electricity miracle’ in just 18 months if President Muhammadu Buhari won the 2015 general elections. Any fiens? (more…)

A keynote lecture presented at Green Economics Institute 11th Annual Conference at Kellogg College, University of Oxford, England on the 29th of July 2016. The moderator was Miriam Kennet, the CEO of the Green Economics Institue.