Bad Samaritans: the Guilty Secrets of Rich Nations and the Threat To Global Prosperity

Author: Ha-Joon Chang Publisher: Random House, 2007 276 pages. You’ve probably heard the Gospel of Free Market: if a country wants to break the cycle of poverty and achieve economic growth and prosperity, it should deregulate, open up its market, welcome investors, and unleash the power of the private sector. Nationalisation is anathema; protection is…

Why restructuring matters

The debate about the restructuring of the Nigeria has generated a wide range of responses from all sections of the Nigerian society. Former military dictator Ibrahim Babangida is among latter day advocates who have joined the chorus for restructuring of the Federal Republic of Nigeria. In short, restructuring is the new fad in town. Understandably,…

Struggling Innonson Motors is a symptom of a bigger problem

The news surrounding the struggle of innonson motors is unfortunate, but hardly surprising. Ambitious entrepreneurs make things happen against the odds, but even the most ambitious entrepreneurs will find it especially hard in such a debilitating environment like Nigeria, where the fundamentals are just not working First, in order for manufacturers like Innonson cars to…

Let’s start a revolution

Good afternoon ladies and gentlemen. I am very delighted to be here with you today on this occasion of the annual parliamentary lecture organised by the National Association of Oyo Students[1]. I thank the organisers for inviting me. It is encouraging to see this assembly of vibrant youth coming together with patriotic zeal and passionate…