Showing posts with label Daron Acemogul. Show all posts
Showing posts with label Daron Acemogul. Show all posts

Friday, June 21, 2024

Nigeria’s Not Too Big to Fail

By Oseloka H. Obaze

Deciphering Nigeria can be depressing. Interrogating her history and present political trajectory can also be disconcerting. That awkwardness is further complicated by the fact that, in a nation where governance is now rife with propaganda, the truth is always a conspiracy; and truth-tellers, traducers. 

That disposition did not prevent two recent unvarnished and non-salutary New York Times assessment of the state of Nigeria. Both pieces represent a reality check and the proverbial writing on the wall. Despite the pushback by the ruling All Progressives Congress (APC) government, what is dawning stealthily on Nigerians is that Nigeria’s long-forecast implosion might actually be self-fulfilling. Put differently, Nigeria is not too big to fail.