Source: Getty Images Mark Twain once said, “ The problem of the world is not that people know too little. It’s that they know so many that just aren’t so. This speaks to the misconceptions about the term “Digital currency”. For the purpose of this article, I will be substituting the word ‘Just aren’t’ […]
How the concept of shared emissions can help Africa in the long run.
Herders draw water from a well in Mauritania (Photo: Oxfam International/Flickr) Almost every article you will come across on climate financing in Africa starts in the same tone, If you have been following up on green financing trends in Africa, it won’t fascinate you to know that Africa constitutes only about 2% of over $1 […]
The Economics of Reasoning: How to think as a smarter Human Being
Illustration by: Lukman Yusuf In a world where decision-making can often resemble a game of chance, understanding the theory of economics offer a beacon of rationality. whether it’s the blunt facts of Milton Friedman or the wittiness of Adam Smith, the beauty of economics lies in its versatile applicability. John Maynard Keynes described the […]
Unlocking Africa’s agriculture potentials through Intra-African Trade.
Photo Credit: Lukman Yusuf Africa is blessed with an abundance of natural and human resources and it is imperative to leverage these resources to create sustainable wealth and improve the living standards of its people. One effective method is through intra-African trade. According to UNCTAD, in 2021, intra-African trade accounted for only 14.4% of total […]
What is Sunk cost? and why you should get rid of it.
Image Source: Linkedin The first time I read about sunk cost was in an economics textbook, Unfortunately, I was never able to put the concept into reality until recently. Britannica defines sunk costs as a cost that has already been incurred and that cannot be recovered. Some of you might be wondering why I […]
Are Venture Capital Investments what Africa really needs at these moments?
Retrieved from: Business Elite Africa Last year November, I had the opportunity to join a round table discussion with Ministers of Finance, Central Bank Governors, top investors, and investment firms in the African continent. Some of the key issues being discussed were the role of private-sector investments in driving sustainable growth across Africa. Private […]
How Societal Framework negatively Influences the Nigerian Society
Photo by Muhammad Taha Ibrahim Ma’aji on Unsplash Society is a network of relationships of people who share common institutions and cultures. It is the web of companionship and interactions among human beings that involve sharing common economic, social, and cultural values and undertakings among others. Given these definitions, it is justifiable to refer to Nigeria […]
A simplified Analysis of the 2008 Financial crisis: Case study of AIG and the Lehman Brothers
Image Source: Outlook India The 2008 financial crisis is said to be one of the greatest financial events to have taken place after the great depression of the 1930s. It is however surprising that most experts didn’t foresee it coming. The unfortunate event had adverse effects on income, inequality, wealth, and politics of individuals and […]
Why Girl Child Education is Important in Nigeria.
Image Source: VOA News Education is about passing down what society knows. It teaches reading, writing, and math, as well as values and ethics. As such, It’s incredibly important for any country to strive to educate its populace. The role of girl-child education is apparent and not phantom in view of the responsibilities they are […]
The Economics of Money Heist
Liquidity Injection If you paid attention to season 5, Vol 2 of the movie, [I can’t tell the specific Episode], you would have come across the scene where the professor was seen proclaiming how in 2011 the European Central Bank (ECB) made 171 billion euros out of nothing and 185 billion in 2012; 145 […]