Nigeria reforms and a summer of discontent 2

Nigeria reforms and a summer of discontent 2

Yesterday I discussed four country case studies on economic reforms on social media—Singapore, India, China, and Britain under various leaders—Lee Kwan Yew in Singapore, multiple Indian leaders including Indira and Rajiv Gandhi, Manmohan Singh and Narasimha Rao, Deng Xiaoping of China, and Britain’s Margaret Thatcher. The broad theme of my exposition was to suggest based on the evidence that the road to successful economic reforms may be long and often painful and to call for leadership dedication and popular endurance as we sustain the journey. Read More

Nigerian Economy and Policy at Crossroads

Nigerian Economy and Policy at Crossroads

I start this review of Nigerian economy and policy at this critical time by highlighting the difference between strategy and tactics. Strategy encompasses a long-term, comprehensive, “strategic” aspiration or direction for the firm or nation, and decisions and actions directed thereat while tactics are short-term, isolated actions taken as components of the “strategy”. While strategy, right strategy is critical, tactics matter, especially in relation to implementation-a viable strategy may be enhanced or subverted by poor tactics! My hypothesis is that while the evident strategic aspiration of current policy towards a market-driven economic policy is desirable or even compelling, some tactical implementation approaches may be questionable or at least debatable.

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Nigerian Public Discourse: The Interplay of Empirical Evidence and Hyperbole

Nigerian Public Discourse: The Interplay of Empirical Evidence and Hyperbole

Opening Thoughts

His Excellency Mr Babatunde Raji Fashola, SAN former Governor of Lagos State from 2007-2015 and Federal Minister of Works, Housing (and for four years, Power) from 2015-2023 has written a very insightful book. The theme of the book, titled “NIGERIAN PUBLIC DISCOURSE: THE INTERPLAY OF EMPIRICAL EVIDENCE AND HYPERBOLE” is to draw attention to the penchant for many Nigerians in public conversations to speak without empirical evidence (data) and consequently to engage in hyperbolic claims, i.e., grand exaggerations, often misleading the public.

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