Opinion

Thursday, 25 November 2021 05:45

The revenge of supply - John H. Cochrane

Policymakers should not have been caught off guard by surging prices and shortages of goods and labor. Practically the entire post-pandemic agenda is built around policies that stoke demand and discourage work, making supply-side constraints entirely predictable. Surging inflation, skyrocketing energy prices, production bottlenecks, shortages, plumbers who won’t return your calls – economic orthodoxy has just run smack into a wall of reality called “supply.” Demand matters too, of course. If people wanted to buy half as much as they do, today’s bottlenecks and shortages would not be happening. But the US Federal Reserve and Treasury have printed trillions of…
My pen has never failed me as an intellectual asset, but writing a tribute to Ibrahim Agboola Gambari, a retired professor, is definitely a challenging task considering the multi-sided and multi-level perspectives that his personality and unique leadership present to us. I shall therefore delicately navigate my thoughts savoring the flavor from this mercurial man of machismo, a blue-blooded academic cum diplomat colossus who now coordinates activities of government from the center, where leadership is subjected to the heat of our multiplicity and diversity as a people. A popular coach, Vince Lombardi once said, leaders are made not born. Earlier,…
Wednesday, 24 November 2021 05:55

Climate of fear - Niyi Osundare

The rains come too late these days and leave before their time withering fields foretell the coming of furious famines Spring swallows summer summer stumbles into a sweltering fall while winter joins the fray with snowy deluge and blinding ice Unstoppable fires consume the skies from Kangaroo Island** to Paradise*** Pause A melting Arctic chokes the oceans which claim the coasts and bury the cities just one whittling whistle from the catacombs of coral reefs bleached and buffeted by a plague of acid and plastic debris Once-in-a-century hurricanes proliferate into ten-in-a-year while countless typhoons pummel the peace of once Pacific…
Tuesday, 23 November 2021 05:56

What killed macroeconomics? - Robert Skidelsky

The problem with quantitative easing (QE), quipped then-US Federal Reserve Chair Ben Bernanke in 2014 about the Fed’s bond-buying program, “is it works in practice but it doesn’t work in theory.” One could say the same about macroeconomic policy in general, in the sense that there is no robust theory behind it. Governments routinely “stimulate” the economy to “fight” unemployment, but with a theory that denies there is any unemployment to fight. Mathematical refinement aside, economics has returned to what it was a century ago: the study of the allocation of given resources, plus the quantity theory of money. Macroeconomics…
Ondo State governor, Oluwarotimi Akeredolu, whom I praised to high heavens weeks ago as the “governor of governors” on account of his principled and courageous stand against the impunity and recklessness of Fulani herdsmen and their collaborators, is in the news again – but this time, unfortunately, for the wrong reason. Akeredolu can be labelled as “Double Chairman” – chairman of the Southwest governors’ forum and also of the larger Southern Nigeria governors’ forum. In both, he has creditably discharged the onerous responsibilities placed on his very broad shoulders. Last week, however, he surprised many when he named his son,…
Wonders will never cease in this wonderful land. Reality keeps trumping fiction. The magic of America wonder is a very poor copy of real Nigeriana. Why read fiction when the real stuff, hot and unadulterated, keeps popping up everywhere? Who would have thought that after the scandal of snakes, monkeys and baboons swallowing money, a federal department would actually go ahead to budget a whopping thirty nine million to combat snakes, monkeys and other extra-terrestrial terrorists? O ti sumi patapata, your worship. In his preface to his only novel ever published, titled A Man Without Qualities, Robert Musil, the great…
Is there any causal link between human body parts and wealth? Without any prejudice to the outcome of police investigation, this discourse was again provoked last week when the body of Timothy Adegoke Oludare, an MBA student of the Obafemi Awolowo University, (OAU) was found buried in a shallow grave in Ile-Ife, Osun State. Oludare had lodged in a hotel in the university town and suspicions are rife that he had been a victim of the thriving market of human rituals among a Yoruba people for whom the indigenous epistemology of prosperity through human body parts rituals has become a…
That good thing which was committed unto thee keep by the Holy Ghost which dwelleth in us ~ 2 Timothy 1:14. Introduction: In view of God’s sweet promises to do new things in the lives of His people, I deeply sense that a new era with new possibilities for boundless breakthroughs is being unleashed right now upon all active believers in Christ Jesus globally (Isaiah 43:19-21). Every new era offers a new set of opportunities for fresh starts: opportunities to be blessed, opportunities to fulfill life’s assignment excellently, and most importantly, daring opportunities to be the best for God. Yes…
If you have concluded that you cannot meet Jesus’ standards because they are impossible to meet, I want to congratulate you because that means you are finally ready for a Saviour. When you finally recognise that you cannot save yourself from your sins, then you are ready for Jesus to be your Saviour. Many years ago, I heard someone quote this scripture and the Holy Spirit gave me a translation that I have not found in any bible. It says: “Christ is the end of the law for righteousness to everyone who believes.” (Romans 10:4). This is how I heard…
Last week, the country was engulfed in a mutiny across party lines. After members of the National Assembly surreptitiously inserted a provision in the Electoral Act Amendment Bill calling for direct party primaries, governors, who rarely agree on anything except money, cried foul. They loaded their guns and opened verbal fire on members of the National Assembly for being clever by half. The governors know what they are doing. The Senate, for example, is their unofficial retirement home and the road to this lair begins with the party primaries. Roughly half of the 22 second-term governors have their eyes on…
June 06, 2025

Nigeria now Africa’s top cement exporter, says Aliko Dangote

Nigeria has transformed from being the world’s second-largest cement importer to becoming Africa’s leading cement…
June 02, 2025

Afenifere blasts Tinubu: ‘Midterm report shows woeful failure, economic deforms, and rising despair’

The pan-Yoruba socio-political organization, Afenifere, has issued a scathing midterm assessment of President Bola Tinubu’s…
June 07, 2025

Are boiled eggs good for you? Here's what experts say

Caroline C. Boyle If you’re after a nutrient-dense breakfast, boiled eggs are a quick and…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 06, 2025

Gunmen kill two policemen, abduct Chinese in Kwara

The Kwara State Police Command on Thursday confirmed the killing of two policemen and the…
June 07, 2025

What to know after Day 1199 of Russia-Ukraine war

WESTERN PERSPECTIVE Six killed, 80 wounded in intense Russian air attacks on Ukraine Russia launched…
June 06, 2025

Common supplements and medications could cause liver damage, studies show

Melissa Rudy Arun Sanyal, M.D., director of the VCU Stravitz-Sanyal Institute for Liver Disease and…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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