Walle Smith

Constitutionalism in Nigeria - Samantha Tancredi trinitycollegelawreview.org/constitutional…

Getting to Denmark - Francis Fukuyama persuasion.community/p/getting-to-d…

Nigeria should commit to an end‑state in which FAAC‑style revenue sharing is no longer the organising principle of the federation

This will take the form of constitutional amendments that seek to strengthen state taxing powers over consumption and activity taxes; safeguard free interstate commerce; provide for central revenue administration by agreement.

Although Nigeria’s variant of fiscal federalism evolved largely as a mechanism for managing ethnic competition and conflict, its current form—built around highly accommodative revenue-sharing arrangements—has produced a weak socio-economic model.

A fundamental lesson from my posts these last two weeks on modernization, industrial policy, and development is that development economics should be about understanding why South Korea got rich but Bolivia did not. The current field has largely given up on that question. Sharply identified RCTs on small micro programs are a fine way to publish in the AER and get tenure at a fancy university, but a profession that knows everything about microfinance impact evaluations and almost nothing about industrialization has misallocated its own intellectual capital on a pretty heroic scale. Four images of Seoul:

Total CEO Patrick Pouyanne says the company's instruction to its refineries is "max jet [fuel] first, and then max diesel."

@adonye_w This is my view. Electricity markets are dominated by industrial users and you have to get a surplus there then you do mass electrification. But we have it the other way the big guys are offgrid and we are trying to equilibrate the shortfall with tarrifs. Wont work

@adonye_w Correct. With hindsight the entire program design was doomed. Btw the power ministry and the regulator there is enough blame to go round. Where to go from here is the real issue now. And it has to be something radical

Raising tariffs as a means of covering the sector shortfall while actual supply remains weak will force more folks to go offgrid as we are seeing with solar. But solar cannot replace grid power and nigeria needs grid power as a key input for industrialisation and development

Most discos have no headroom to invest given their highly leveraged capital structure, transmission remains challenged now with decentralisation we are going to get greater fragmentation at state level which will make recovery more difficult for the guys gencos and gas suppliers

But the tariff debate has become the dominant lens.... to the point where it has displaced rather than led to the harder questions about why cost recovery remains structurally elusive regardless of what tariff level is set.guardian.ng/opinion/column…

@DrA_001 So who is better than Nigerians at handling the issue?

@walesmit Without data this argument is null and void. We also have to put in the complications + intra-op/post-op mortality into perspective. Cost of these surgeries + Lupron in the present day in 9ja

Not sure anyone surpasses Nigerians in the treatment and medical management of fibroid and associated illness