My article in the Guardian today on the perennial fuel scarcity in Nigeria, and why scarcity is more of a symptom of the much deeper price-fixing problem. In the Guardian today, or online here. Advertisements
Apparently the fuel scarcity is still a thing. I wouldn’t know given that I’ve been in a part of the country where we have more liberal petrol stations that adjust their prices with the times. We pay somewhere around N230 per litre with no fuel queues and most seem to just get on with it.… Continue reading Fuel scarcity: FX subsidy for marketers = bad idea.
First a quick quiz. The following are two graphs of the price of commodity X over time. Which of them is more stable? You might be forgiven for thinking option A is more stable. But what if time continues and then this happens. Suddenly the answer is very different. Option B continues to trudge… Continue reading How to think about stability
Economist (or Errconomist) bashing is not something that is unique to Nigeria. In the last decade economists have gotten a bad name, mostly as a fallout from the last big financial crisis. Specifically for not being the equivalent of a babalawo who can predict the future. The unfortunate truth is that most don’t really know… Continue reading What economists really do?
My article in the guardian from earlier in the week on why setting the bar low for students from disadvantaged areas may end up being bad for those same areas and probably only widens the competitive gap. You can read it here.
As the fuel queues return, the question of “why” is back on the front burner. Historically, the presence of fuel queues has been associated with fuel subsidies and the struggles marketers faced with getting their money from the federal government. This time around things are a bit different. Or are they? We know that, given… Continue reading How large is the fuel subsidy?
My continuing series on the education crisis in the North. This time I talk about the language barriers and how those with the most need for local language learning programs are let down the most by our inability to think beyond English. In the guardian today and online here.