Opinion

The current pace of advances in generative artificial intelligence makes it difficult to forecast how the technology will affect the economy, business, and society. Nonetheless, it already seems clear that the new AI applications will produce a narrow cohort of winners and lead to a smaller workforce, confronting governments with big policy challenges. Consider how AI will affect the three key components of growth: capital, labour, and productivity. In terms of capital, the massive volume of investment required to power AI innovations ensures that there will be a smaller, more concentrated set of winners. Big Tech firms with monopolies in…
“The judiciary has immense power. In the nature of things, judges cannot be democratically accountable for their decisions. It therefore matters very much that their role should be regarded as legitimate by the public at large.” – Jonathan Sumption, Law in a Time of Crisis, 121 (2021) For a cumulative period of 17 years between 1885 and 1905, Hardinge Giffard – who was better known as Lord Halsbury – served three tenures as Lord Chancellor. In this capacity he earned a reputation for having “appointed many undistinguished men to the Bench because of their political services to the Conservative Party.”…
I’ve written this before. Ten years ago, but this man's story is new every time. To me. And to many who have crossed his path. On his 80th birthday on July 14, I’m repeating this story with the zeal and delight I shared it ten years ago: If the lot had fallen on Ajibola Ogunshola to be the undertaker, not many would have blamed him for the fate of PUNCH. He was 40 when he was appointed director. Though he was a star in the insurance world (former Managing Director of Niger Insurance) and one of Africa's leading actuaries (a…
The Iloko, offspring of Arelu, (Iloko Omo Arelu) are held in awe in Yorubaland. For a people who fought one another in internecine wars that began in 1793 and lasted for almost a century, Yoruba give effusion of reverences to people with unusual bravery. Their reverence for the Iloko however comes from this clan’s queer and odd brand of bravery: Spillage of blood. The Iloko earned their renown from decapitation of heads. They cut off human heads with magisterial finish, holding the familial history of being the king’s executioner. In ancient England, as execution of enemies of the monarchy was…
For if by one man's offence death reigned by one; much more they which receive abundance of grace and of the gift of righteousness shall reign in life by one, Jesus Christ ~ Romans 5:17. Introduction: The subject of dominion is quintessential to the Christian life. It cannot be over-emphasized neither should it ever be overlooked on our journeys of destiny. In fact, failing to give sufficient attention to it may result in being dominated upon by situations one does not understand and may be unable to control. Since the fall of Adam and Eve in the Garden of Eden,…
One day, as I was reading Jesus’ Sermon of the Mount yet again, I suddenly heard the Lord say to me, deep within my spirit-man: “Femi, the end justifies the means.” What does this have to do with the beatitudes? Can we, should we, justify the end by the means? Is it godly to do so? I decided to search the scriptures for the answer. Immediately, the whole thing opened to me like a book. I discovered that, in the kingdom of God, the end always justifies the means. Does this mean it is okay to rob a bank, as…
Ten years ago, this article appeared under a different title, “The Debt I Owe.” Olatunji Dare was 70 at the time. Ten years later, on Dare’s 80th birthday on July 17, I’m republishing the article with minor changes. Without this man, I might have turned out to be a literary plumber or perhaps a motor park journalist, but nothing near the second-eleven of a craft that I owe so much. I have also attached a fairly comprehensive file record of Dare in case my updated article is deficient – as I’m sure it is: I met him in 1985. I…
Nigeria continues to slide. All economic indicators are red; some are blipping, indicating danger. Those who know are in deep worry. The populace is in a trance, zombified by a never-seen-before strange situation. But the Presidency, the fulcrum of government continues in its empty braggadocio – they doodle and paper over cracks as the ship of state takes more water and totter. The hard, indeed, harsh truth which nobody wants to speak about or hear, is that the president suffers what this column wants to describe in mild terms as cognitive blockade. His mind can’t seem to process much, not…
Wednesday, 10 July 2024 04:26

Banjo’s departing boon - Femi Osofisan

All men are mortal, we know, but it should not be so. Some people are just too precious, too valuable, to be counted among the absent or departed when we need them. They should not be missing when mentioned; they should not be called and not be there. I say this not necessarily because we have any specific request to make of them—a request which of course they would not hesitate to fulfil—but rather, because their presence alone is always like an umbrella over us, an unspoken guarantee of unstinting protection to us who know them. They are a constant…
In the last week of April, Pastor and Chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, swore that he would “resign as EFCC chairman if embattled former Kogi State Governor, Yahaya Bello, is not prosecuted.” Unaccompanied as it was by any calendar or deadline, this undertaking cannot be regarded as having been made with any intention that it should be taken seriously. Bello lost his constitutional immunity from the legal process when his tenure as governor of Kogi State ended three months earlier on 27 January. In the third week of April, Yahaya Bello’s successor as governor…
November 21, 2024

How small businesses can leverage dark social to drive word-of-mouth marketing

Key Takeaways Dark social refers to sharing online content through private communication channels like email,…
November 21, 2024

Northern leaders say won’t support Tinubu for re-election due to president’s incompetence, bad policies

The Arewa Consultative Forum (ACF) has announced its decision to support northerners running for the…
November 18, 2024

The magic and the minefield of confidence: Self doubt, hubris and everything in between - The Economist

Confidence is contagious. Someone declaring a position with ringing certainty is more likely to inspire…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 21, 2024

50 terrorists killed as Boko Haram insurgents ambush security personnel guarding national grid in Niger…

At least 50 Boko Haram fighters were killed on Tuesday and seven members of Nigeria's…
November 21, 2024

What to know after Day 1001 of Russia-Ukraine war

WESTERN PERSPECTIVE US reopens Kyiv embassy after Ukraine firing of ATACMS missiles into Russia prompted…
November 21, 2024

Nigeria comes top in instant payment system inclusivity index in Africa

Nigeria’s instant payment system is projected to advance to the maturity inclusion spectrum ahead of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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