I started my first business with ₦2,500. I used that money to print flyers — this was a black and white design I developed at a business centre in Festac and printed on A4 paper — and to buy my first set of newspapers. Thankfully, Mr. Uzo, a vendor at Iyana-Iba who gave me a lot of advice and market information, took me to the newspaper agents at Festac first gate and told them I didn’t have any money to pay for registration so they should sell the papers to me on a Pay-As-You-Go basis.
Problem-solving — Our current school system dates from the industrial revolution. We’re trained to become cogs in a wheel. We’re not trained to solve problems in complex situation — instead, we do what we are told. But the world has changed and in the current state, the person that is better at problem-solving will win.
For the past three years, issues surrounding economic inequality have captured public policy debates- partly due to the seminal work of the French economist Thomas Piketty and his collaborators. These debates have largely been conducted along ideological lines. But one is tempted to think that such colouration loses relevance when discussing inequality in a developing economy like Nigeria. This, however, would be naïve. The reason is that economic inequality is both a positive and normative issue. Hence it’s almost impossible to make efficiency arguments about inequality while ignoring the moral questions surrounding it. This is because a vastly unequal society has implications far-reaching than the economic.