The simplest definition of money is that it is a medium of exchange. You must have money to have anything else is the assumption. Whenever you need any good or service, you must be willing and ready to give up a commensurate portion of money to receive what you need. The question now is, what happens when money fails? The situation in Nigeria is now close to the failure of money in a society. Today, many people cannot get what they n....continue reading

It is safe and convenient for me to believe that every Nigerian is conscious of the numerous threats facing this nation and the apparent possibilities ahead of the nation. The alarming reality however is the increasing rate of inconvenience and exploitation of our national privileges by the people in positions of responsibility. Some time ago, the formal Minister of Power in Nigeria (Prof. Nebo) made a statement that appeared uninspiring and l....continue reading

I understand that in spite of the chronic underdevelopment of Nigeria and the unemployment among Nigerians – the quick-fix might not still be appealing to a lot of people in various spheres of life in Nigeria. However, the truth remains, in spite of what people think or say – and the truth prevails. This article is not authorized by the Chartered Institute of Economists, although I am an Economist; neither is it authorize....continue reading

Contrary to the unspoken desires and expectations of most of us, development is not accidental; neither is it spontaneous - instead, every development is a product of a well followed and articulated process. A child that GROWS UP to become a notorious criminal or a fraudulent politician or a careless Medical Doctor, did not just get to that; rather, he or she gets there through a series of behaviours or attitudes that were unchecked from child....continue reading