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.
Finance
NNY 360: Tesla ordered to pay $137M over racism in rare verdict
The lawyer told jurors that “as opposed to a zero-tolerance policy, #Tesla had a zero-responsibility policy. The “n-word” was “pervasive and virtually everywhere,” Read here
Neo-Liberalism in the EU
Leigh Phillips – The West Is Sabotaging a Global Pandemic Treaty
“International talks aimed at creating a treaty to prevent another COVID-19 catastrophe are nearing collapse. This impasse is due to the refusal of countries such as the US, Canada, and Germany to compromise on Big […]
Economics
Thomas Fazi: How the elites exploit inflation
The working class needed to be put in their place Read Here This photo is licensed under the United Kingdom Open Government Licence v3.0
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