Expanding state

Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary policies. It leads to planned economies and principalist, authoritarian, centralist and also socialist policies. As history shows, such governments inevitably fail in the end.

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A picture of a container truck on a ruined road of the Apapa Port Complex in Lagos, Nigeria

Leadership Challenges 2020: Why Nigeria’s development remains stunted

Nigeria is a federation by necessity, given its size and very high ethnic and geographic diversity. To keep the country in one piece, the system is centralized and uses a matrix of quotas to try to keep all groups and regions together. This design, however, combined with overall poor leadership, tends to impede the development of the country, which is experiencing demographic growth and economic stagnation.

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