Showing posts with label Daron Acemoglu and James Robinson. Show all posts
Showing posts with label Daron Acemoglu and James Robinson. Show all posts

Friday, September 13, 2024

Governing Nigeria: Does The Economy Trump Politics? No, It Doesn’t!

 By Olu Fasan

It is the age-old chicken and egg question. Which comes first: the economy or politics? That’s the question at the heart of this intervention, and it was triggered by two recent events. The first was President Bola Tinubu’s response to the call for a new Constitution. The second was Dr Ngozi Okonjo-Iweala’s speech at this year’s Annual Conference of the Nigerian Bar Association, NBA, in which she called for a social contract for Nigeria. Everyone knew about those events, but few detected their logical fallacies. So, first, let’s recall the events.

Recently, in August, the highly venerated elder statesman Chief Emeka Anyaoku led a group of eminent Nigerians under the aegis of The Patriots to meet Tinubu at the State House and asked him to convene a constituent assembly to produce a draft people’s constitution for Nigeria.

Thursday, March 16, 2023

INEC: Nigeria’s Institutions Act Irresponsibly With Impunity… Sad!

 By Olu Fasan

Every nation fails or succeeds on the quality of its institutions. But every institution is as strong as the quality of its personnel, their competence and professionalism, their values and norms. Unfortunately, Nigeria is a country where state institutions utterly malfunction, bereft of any sense of responsibility, and where public officials have perverse norms and values, lacking a sense of purpose to serve the national interest.

*Yakubu

The latest instance of institutional failure in Nigeria is the abysmal performance of the Independent National Electoral Commission, INEC, which dashed the hopes of millions of Nigerians, and the expectations of the world, by conducting a presidential election universally condemned for woefully failing the basic tests of transparency and credibility. INEC’s failure reinforced the global perception of Nigeria as a failing state.