There's still so much we never got to talk about. So many unfinished conversations. So much I wanted to tell you but kept putting off. I'll always miss you mama. Mama..
"You have governed before, you need to help us communicate with these other Governors...they need to do more to instead of building flyover when there is no numeric traffic, let's do more to enhance the quality of life and support security agencies to penetrate areas"
- President Tinubu
As exchange rate moved, we kept wages at same level as a country and that did us major disservice. You would finish youth service in 2008 and your salary would be ₦300,000 in Kaduna at $1/N140. Minimum wage needs to move significantly so that at least regular people can breathe!
Anytime I come back to Nigeria after staying away for months, in the first few days, I’ll see all the faults in our system. From the airport, to the road users, to the everyday people, to the trash along the road, to the poor drainage system, to the unkempt environment, to the epileptic power supply, to the generally accepted madness.
However, after a period, I’ll stop noticing those glaring abnormalities. Not because they have stopped existing, but because they are now normal to my eyes. That is why it may be difficult to explain our abnormal system to Nigerians living in Nigeria.
Arsenal are exploring a move to sign Real Madrid winger Vinicius Junior if he does not extend his contract in the Spanish capital.
The Brazil international, 26, figures prominently among multiple candidates for the Premier League champions to bolster their attack.
That said, the interest is at any early stage and there is no guarantee it materialises into a deal.
Full story from @David_Ornstein and @gunnerblog here ⬇️
🔗 https://t.co/MxDP4frF8W
Most people do not like the person, especially a younger person, who mirrors what their lives would have looked like had they made good decisions when they had the opportunity.
The obsession these new generation undergraduates have with fyb is crazy.
Why is someone budgeting 200k for fyb? I genuinely don’t understand.
Doing ajo for fyb is the craziest
A defining feature of capitalism is not simply the pursuit of wealth, but the systematic transformation of wealth into productive capital: money is continually reinvested to generate more wealth and expand productive enterprise.
Historically, this helps explain an important difference between wealthy industrialised (and industrialising) economies and poorer developing ones. In the former, elites have generally been better able to transform wealth into productive capital through investment in commercial enterprise, while in the latter a larger share of wealth has often been directed toward consumption, prestige, patronage, political power, or other forms of asset preservation.
This difference is not simply a matter of mindset. It reflects the presence–or absence–of institutions that enable wealth to become self-expanding capital: secure and transferable property rights, enforceable contracts, banking and financial systems, corporations, and capital markets that channel savings into productive investment. These institutions do not guarantee prosperity, but without them sustained capital accumulation is far more difficult.
Furthermore, capital doesn't grow simply because it exists. It needs somewhere productive to go and people capable of using it effectively. A $500 laptop is a depreciating consumer good in most hands; in the hands of a skilled programmer or entrepreneur, it becomes productive capital capable of generating wealth many times its original value.