Five years ago, economists prophesied a prosperous future for Nigeria, and the rest of the continent. Yet today, the country is facing what one leading Nigerian academic recently told me is its “biggest crisis since independence”. The devaluation of the Nigerian naira by 230% over the past year, along with a huge rise in inflation, has sparked an economic crisis unequalled in its modern history. With meat, eggs and milk now a luxury, there have been reports of people in the north of the country being forced to eat poor-grade rice usually used as fish food.
Austerity
Bill Mitchell: Reliance on monetary policy is mindless, ideological nonsense
Although the article is about the current economic situation in Australia, it is applicable to the EU. Read here
Corruption
Politico: Parliament adopts transparency rules on MEPs meeting lobbyists
This is still not a law, so let us see how it ends. Otherwise a step in the right direction. Read here
Geopolitics
Ellen Kantarow: Israel Is Committing One of History’s Great Crimes in Gaza
Since October 8, I’ve been riveted by the genocide in Gaza being perpetrated by the Israeli military, which had prepared for it in a retrospectively unsettling fashion by decades of dehumanizing Palestinians. Read HERE Photo: […]
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