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Finance & Markets

Nigeria: El-Rufai Demands N10bn, Apology From Defence Minister Musa

[Vanguard] ABUJA -- FORMER Kaduna State Governor, Nasir El-Rufai, has demanded N10 billion compensation and a public apology from the Minister of Defence, Gen. Christopher Musa (retd.), over alleged defamatory statements made against him during a television programme.

We haven't written up this one. AllAfrica has the full story — the link below goes straight to it.

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No Doing, No Learning

A regulation that raises gasoline prices makes people angry but when regulation prevents an industry from ever existing, most people never learn what they lost. Consider nuclear power.

  • Early U.S. nuclear reactors saw 81% cost reduction 1954-1968
  • Regulatory decisions 1971, Three Mile Island slowed construction
  • Genetically modified microbes face regulatory hurdles

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