Remote profile

The Reds, then, torpedoed The Yellow Submarine just before the half-time break.

Besides age restrictions (18 and above) and the ban on the use of credit cards for betting, a key regulation is to ban television advertising by gambling firms before 9:00 pm, especially during football matches, where the audience includes young, impressionable children.

There's ludopathy, true.

But the bigger problem with the domestic gambling industry is that it imposes a crippling tax on the poor.

Yes, it generates oodles of revenue for the treasury.

But isn't it then ironic that a pro-people government lives off the people's lifeblood?

"Nigerian billionaire tycoon...", thus, Nigerian newspapers about to describe their patron's latest exploit.

Still waiting to read the following sentence in a US news report, "American trillionaire mogul blasts the world's biggest rocket into space."

Only Africans and their leaders (who gather for a gabfest in Moscow, Wednesday, next week) may continue to believe that Russia launched its "special operations" against Ukraine so that Africans may be free!

To the credit of the Tinubu government, it has tried to fix the finances of an inefficient government apparatus.

On the balance sheet's other leg, aggregate inefficiencies across the economy, especially those holding productivity down, continue to multiply.

Inflation continues to outpace wages and salaries in Nigeria.

Governments continue to spend more than they earn on baubles, rather than driving growth in domestic productivity.

Expectedly, salary increases continue to be inflationary.

From The Economist's Espresso.