Reports have it that the 36 state governments sued the Federal Government to stop deductions from their allocations at source to pay Paris and London clubs refund due to consultants who reportedly worked to assist the state governments get the refunds in the first place. According to the reports, President Muhammadu Buhari had ignored the governors’ protest against the payment and directed that the creditors be paid the $418 million relating to Paris and London clubs refund, as a result of which the governors headed for court. Delivering judgment on Friday, November 5, 2021, the Federal High Court, Abuja reportedly…

Sahil Bloom The Cantillon Effect is the most important economic concept you’ve likely never heard of. Here’s a simple breakdown of the Cantillon Effect—what it is, how it works, and why you should care. Background Richard Cantillon was an Irish-French economist and philosopher born in the 1680s. He is something of a mystery man—not much is known about his life. Early in his career, he achieved material success as a banker and merchant—success that historians have attributed to the formidable political and business connections Cantillon made through his family and employer. This fact would prove relevant to his work later…

Are we all famous now? I know that’s a strange question. If everyone is famous, then no one is famous, right? Well, it depends on what exactly we mean by “famous.” Last month, I read a New Yorker essay by Chris Hayes, the host of All In on MSNBC, that sharpened the question. He asked, what happens when the experience of fame becomes a universal possibility? Anyone who’s on a social media platform like TikTok or Twitter or Instagram is always one viral post away from instant fame — or what feels like fame, anyway. Most of us don’t ever…

Even though Anambra has been in the kitty of the All Progressive Grand Alliance (APGA) for a long time, the recently concluded gubernatorial election in which Charles Soludo bested other candidates to emerge winner is a straightforward case of identity politics. Identity politics is a political approach in which people of a particular gender, religion, tribe, ethnicity, race, social background, class, etc., develop political agendas based upon these identities. The term can apply to multiculturalism, women’s movements, civil rights, lesbian and gay movements, and regional separatist movements. While a majority of the Igbo may not be comfortable with a separate…