Where is Nigeria’s Thriving Middle-Class in 2021? The Youth Want to Know. A truism of economies is they thrive when they have a large stable middle-class. In the mid-2010s, one of the most aggressive facts promoted about the Nigerian economy was that it had created a large and thriving middle-class. Many observers were skeptical but…
Yankius on the National Cake. Windfall: Yankiokwa! Yankiokwa!!! Anytime you are this quiet we know you are up to something. Meanwhile, how is you, Boss? Yankius: Windokwa! The Windfall maker himself! Your potbelly has dwindled seriously. Otherwise, is everything okay? Windfall: Leave my stomach alone. I am curious. That bakery where the National Cake is…
“There is no good name for a terrible disease” – Urhobo proverb. “The solution to Africa’s problems lie solely in Africa” – George Ayittey. Coconut Head Corruption (CHC) is a term derived from the vocabulary of George Ayittey. He is a distinguished U.S. based Ghanaian economist and is used to describe the observed hollow-headedness and thoughtlessness…
Nigeria: Loans For Unsolicited Proposals How can a so-called modern nation be perennially managed since Independence by way of “unsolicited proposals”? President Muhammadu Buhari came to power on the slogan of “Change” but he is still governing Nigeria unrelentingly with the instrument of “unsolicited proposals”. When loans are used to fund “unsolicited proposals” it is…
President Muhammadu Buhari won many die-hard supporters purely because he refused to play the game of “begging bowl politics” at a time when Africa’s innumerable dictators were queuing up to take IMF / World Bank loans as global neoliberalism aggressively dictated. If Buhari had accepted the aggressively marketed neoliberal-induced loans, General Ibrahim Babangida might have…
