Governments create poverty, only they can end it
By
Wed May 05 2021
Poverty, absolute poverty, is often the consequence of choices made by governments. Over time, only the things that governments tolerate that stand. So, where absolute poverty is the hallmark of a nation, the governments have failed in their obligations to their citizens.
Daron Acemoglu and James A. Robinson in their 2013 book, Why Nations Fail: The Origins of Power, Prosperity and Poverty, argue that nations are rich or poor depending on the political and economic institutions operating in them.
“Countries differ in their economic success because of their different institutions, the rules influencing how the economy works, and the incentives that motivate people,” these authors point out. The duo spent 15 years researching the subject matter.
•Christians, Muslims go spiritual in Niger
•UNIJOS directs immediate vacation of students from hostels
•Protesters block Abuja-Kaduna expressway over kidnapping
Chuks Okocha and Olawale Ajimotokan in Abuja, Segun James in Lagos, Laleye Dipo and Seriki Adinoyi in Jos
Eminent Nigerians, yesterday, stated that government needed the to summon the political will to act decisively to end the insecurity and criminalities going on in the country.
Former vice president and Peoples Democratic Party (PDP) presidential candidate in the 2019 general election, Alhaji Atiku Abubakar, and his running mate, Mr. Peter Obi, said what Nigeria needed most to overcome the present state of insecurity was leadership and political will.
Insurgency has declined since Buhari took over —Fayemi tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Poju Oyemade on Saturday, May 1, 2021. The politician said Nigeria needs young people to be the head the Federal Inland Revenue Service (FIRS), saying the people in position of power are too old to understand how fintech companies work. He said, “
What is the average age of our cabinet? Our cabinet does not reflect Nigeria. They cannot understand Paystack, they cannot understand Flutterwave. They cannot understand Kobo360.
“They don’t know how to tax them. The tax authorities are taxing their revenues, because they think that all the money received by Kobo360 is revenue. No, it is money they are receiving as an aggregator.