Opinion

Economic theory does not provide a clear answer regarding the overall impact of technological progress on jobs. And even if automation has traditionally been beneficial in the long run, policymakers should never ignore its disruptive short-term effects on workers. While Brexit captures the headlines in the United Kingdom and elsewhere, the silent march of automation continues. Most economists view this trend favorably: technology, they say, may destroy jobs in the short run, but it creates new and better jobs in the longer term. The destruction of jobs is clear and direct: a firm automates a conveyor belt, supermarket checkout, or…
Again, the paternity of the Nigerian state came up for consideration last week. Who exactly owns Nigeria? Is it the exclusive preserve of politicians, their kith and kin, their hangers-on or Nigerians? Put differently, because politicians compete for offices that become vacant in the process of nationhood, are those offices, by that very fact, strictly their birthrights, to the exclusion of any other Nigerian? If those interrogations do not capture this ownership issue appropriately, the question can be put in another context thus: Who owns non-elective political offices? Are they spoils of politics, mechanism for developing the nation or rewards…
I admit that it’s always ill-advised to use the word “never” when you prognosticate the outcome of a future event. The vagaries of life can throw a wrench to the works of the most auspicious auguries. I know that. Nevertheless, I am prepared to go out on a limb and proclaim that in spite of his feverishly desperate, frenzied, backstabbing machinations, Mr Bola Tinubu can never be Nigeria’s president. Here’s why. Tinubu isn’t electable in any region of Nigeria outside the Southwest, his natal region. Even in Southwest, his political capital has suffered incalculable diminution over the years, particularly because…
Now South Africa has apologised for the xenophobic attacks that saw to the death of many African compatriots in the hands of South African mobs, have we seen the end of a sad chapter in the history of Black Africa? Nigeria was one of many African countries caught in the xenophobic web that the South African president, Cyril Ramaphosa, sent special envoys to apologise for earlier in the week as well as give assurances that all is now well – or, more appropriately – that all will be well. Can we take his assurances for it? Cyril himself was a…
One Sunday in mid-May 2011, I got a call from an elder of my hometown, Ota. He needed to see me urgently, he said, and asked where I was. As it turned out, I had actually just gotten to Ota that afternoon. I was billed to speak at a training programme being organised for State House of Assembly officials from across the country the next day at the Africa Leadership Forum. The old man said he would soon see me and in no time he had arrived. Without any preambles, he told me his mission. "Ilu lo ran mi si…
Wednesday, 18 September 2019 05:53

On soaking the rich - Paul Krugman

Whether or not she becomes the Democratic nominee, Elizabeth Warren has brought something new to American politics; call it the charisma of wonkery. “Warren has a plan for that” has become a rallying cry for her supporters — and she has also impressed many serious policy experts with the sophistication of her proposals. But can she pay for her plans? Leave aside Medicare for All, on which she has been cagily unspecific (and is very unlikely to happen even if a Democrat wins.) Many of the other Warren plans, for things like universal child care and enhanced Social Security, depend…
The rise of data analytics has made journalists and their editors confident that they know what the people want. Why, then, did almost one-third of respondents to the Reuters Institute’s latest Digital News Report say that they regularly avoid news altogether? The British public can’t get enough news about Brexit – at least, that’s what news platforms’ data analytics say. But, according to the Reuters Institute’s latest Digital News Report, 71% of the British public tries to avoid media coverage of the United Kingdom’s impending departure from the European Union. This disparity, which can be seen in a wide range…
More than a decade after the global financial crisis, macroeconomists have failed to absorb three crucial sets of lessons. Their models are still struggling – and mostly failing – to cope with disruptive change, and with the fact that both balance sheets and inequality matter. Macroeconomics was one of the casualties of the 2008 global financial crisis. Conventional macroeconomic models failed to predict the calamity or to provide a coherent explanation for it, and thus were unable to offer guidance on how to repair the damage. Despite this, much of the profession remains in denial, hankering for a return to…
You would think it was a scene from Geoffrey Chaucer’s classics, The Canterbury Talesand its tale of a group of pilgrims travelling from London to Canterbury to visit the shrine of St. Thomas Becket. Members of the Election Jury (EJ) have journeyed from earth to Heaven and are standing in the dock before The Throne, their hands clasped behind them like convicts about to deliver an alocutus. They are led by their Chairman, Buba Ibrahim. Faces ashen like a four-day old excrement mercilessly petered by an angry downpour, they had died a few hours earlier and had been brought straight…
Thursday, 12 September 2019 05:41

Lessons from South Africa - Bola Bolawole

In the “xenophobic” response to the xenophobic attack on foreigners by black South Africans, useful lessons which ought to have been learnt, first to prevent a reoccurrence and, secondly, to avoid and or avert a tragedy of greater monumental proportions here in Nigeria, will be lost if care is not taken. “Sunkun muus, riran muus”, as they say! It sounds like Latin but it is not! It is a slang which means that even though we are weeping, we must still make efforts “to see road”; otherwise, tragedy will become double. That will be akin to what Fela called “double…
September 20, 2024

PZ Cussons set to exit Nigeria, following trend of departing multinationals

British consumer goods giant PZ Cussons Plc is contemplating a partial or complete withdrawal from…
September 20, 2024

New Constitution is key to Nigeria's future, Anglican Church Primate tells Tinubu

Primate Henry Ndukuba, leader of the Church of Nigeria Anglican Communion, has urged President Bola…
September 14, 2024

Ancient wall carvings suggest women used 'modern' accessory 12,000 years ago

Researchers have discovered ancient wall carvings depicting what appeared to be handbags designed with a…
September 18, 2024

Zimbabwe to slaughter 200 elephants to feed hungry citizens

Zimbabwe plans to cull 200 elephants to feed communities facing acute hunger after the worst…
September 16, 2024

Nearly 300 prisoners escape Maiduguri prison after floods

Devastating floods collapsed walls at a jail in Maiduguri in northeastern Nigeria early last week,…
September 20, 2024

Here’s the latest as Israel-Hamas war enters Day 350

Israel destroys 1,000 Hezbollah rocket launcher barrels, military says Israeli fighter jets pounded Hezbollah targets…
August 28, 2024

New study says China uses 80% artificial sand. Here’s why that’s a big deal

The world is running out of sand. About 50 billion tons of sand and gravel…
August 31, 2024

3 days after NFF’s announcement, Labbadia rejects offer to coach Super Eagles

Bruno Labbadia has rejected his appointment as the new head coach of Super Eagles of…

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