Showing posts with label World Bank and IMF. Show all posts
Showing posts with label World Bank and IMF. Show all posts

Friday, October 18, 2024

Petrol Price And Economic Enslavement Of Nigerians

 By Adekunle Adekoya

AS each day dawns in Nigeria, the economic omens are getting more and more bothersome, sending  wave after wave of apprehension about how to make ends meet down the spines of most of us, except, perhaps, those permanently connected to sources of unending funds, like politicians, clergymen, and motor park operatives, known as agberos.

These three classes of Nigerians are about the only ones seemingly immune from the excruciating impact of the economic policies of the government in power. They are immune from it because the systems in which they operate is wired to generate money that they can spend at will without let and hindrance, and the sums available are simply humongous.

Thursday, December 28, 2023

Nigeria: Survival Of The Fittest And Profligacy Of Government

 By Emmanuel Onwubiko

The English philosopher and psychologist, Herbert Spencer, coined the phrase “survival of the fittest” (1820-1903). He is famous for his doctrine of social Darwinism, which asserts that the principles of evolution, including natural selection, apply to human societies, social classes, and individuals as well as to biological species developing over geologic time.

*Akpabio and Tinubu

In Spencer’s days, social Darwinism was invoked to justify laissez-faire economics and the minimal state, which were thought to best promote unfettered competition between individuals and the gradual improvement of society through the “survival of the fittest.”