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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
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@Noahpinion

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Noah SmithVerified account

@Noahpinion

Bloomberg Opinion writer. Elected "top neoliberal shill" of 2018. Occasionally posts anime gifs.

San Francisco, CA
bloomberg.com/view/contribut…
Joined April 2011

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    Noah Smith‏Verified account @Noahpinion Oct 16

    Today's @bopinion post is about Nigeria. I expect its conclusions will not come as a surprise to most Nigerians, but it's good for Americans to be thinking about Nigeria and its problems.https://www.bloomberg.com/view/articles/2018-10-16/how-nigeria-can-escape-the-natural-resource-curse …

    9:52 AM - 16 Oct 2018
    • 204 Retweets
    • 302 Likes
    • Nnamani sixtus Freyja Wired Ikpi Ugot Tori Raziel George Pam Seraphim Zan Dee Dapo
    12 replies 204 retweets 302 likes
      1. New conversation
      2. Noah Smith‏Verified account @Noahpinion Oct 16

        Nigeria is very dependent on oil, for its government revenues and for its foreign exchange earnings. When oil prices fall, Nigeria's people suffer.pic.twitter.com/wUwZGT2nkC

        2 replies 37 retweets 24 likes
        Show this thread
      3. Noah Smith‏Verified account @Noahpinion Oct 16

        And like many oil-rich countries, the government tries to cushion the blow by subsidizing fuel (this is more expensive than you might think, since Nigeria can't refine all of its own oil). When oil prices rise again, this puts a strain on govt. budgets.pic.twitter.com/lJni9SVorO

        3 replies 24 retweets 22 likes
        Show this thread
      4. Noah Smith‏Verified account @Noahpinion Oct 16

        Meanwhile, fewer and fewer Nigerians have jobs, which could portend a rise in social instability.pic.twitter.com/xUj2UYVQNJ

        3 replies 31 retweets 19 likes
        Show this thread
      5. Noah Smith‏Verified account @Noahpinion Oct 16

        To escape the doom spiral of the Resource Curse, Nigeria should look to a country that seems to have beaten the curse: Botswana. https://openknowledge.worldbank.org/bitstream/handle/10986/18304/multi0page.pdf?sequence=1&isAllowed=y …

        4 replies 33 retweets 51 likes
        Show this thread
      6. Noah Smith‏Verified account @Noahpinion Oct 16

        Botswana's approach is basically: 1. Pour resource revenues into a Sovereign Wealth Fund 2. Depreciate the currency 3. Use SWF to stabilize the budget 4. Invest a bunch in education, health and infrastructurepic.twitter.com/4igm6XIQvn

        4 replies 46 retweets 63 likes
        Show this thread
      7. Noah Smith‏Verified account @Noahpinion Oct 16

        Nigeria is already taking some of these steps, which is great.pic.twitter.com/oaEc1lfhW9

        2 replies 26 retweets 21 likes
        Show this thread
      8. Noah Smith‏Verified account @Noahpinion Oct 16

        But Nigeria is missing one big piece: Investment in education. (It could also stand to invest more in health.)http://thenationonlineng.net/nigerias-disappointing-investment-education/ …

        2 replies 32 retweets 29 likes
        Show this thread
      9. Noah Smith‏Verified account @Noahpinion Oct 16

        Instead of subsidizing fuel, Nigeria needs to subsidize education (which doubles as child care) and health. This will provide jobs, relieve poverty, and - most importantly - build human capital. (end)pic.twitter.com/h2tiCL0cyA

        14 replies 163 retweets 138 likes
        Show this thread
      10. End of conversation
      1. New conversation
      2. Allan White‏ @allanwhite Oct 16
        Replying to @Noahpinion @bopinion

        Something that has surprised me this last year is how incredibly vibrant #NigeriaTwitter is. So much creativity, energy, intelligence and humor. Enormous potential if corruption can be reduced.

        1 reply 8 retweets 12 likes
      3. Brad ' 🐙 🌐' Hemak‏ @hemakhemak Oct 16
        Replying to @allanwhite @Noahpinion @bopinion

        Any suggestion of people to follow or just use of the hashtag?

        4 replies 0 retweets 0 likes
      4. Allan White‏ @allanwhite Oct 16
        Replying to @hemakhemak @Noahpinion @bopinion

        Allan White Retweeted YBLNigeria

        Hard to pinpoint (heh), but artists like @UkonuOscar:https://twitter.com/yblnigeria/status/749857814508670977?s=21 …

        Allan White added,

        YBLNigeriaVerified account @yblnigeria
        Nigerian Geniuses: All this drawing made entirely using Blue Bic biro by Nigerian based hyperartist Oscar Ukonu. pic.twitter.com/bt4UwEAozo
        1 reply 0 retweets 2 likes
      5. 1 more reply
      1. Owolabi Sherif Lanre‏ @Owolanre1 Oct 16
        Replying to @Noahpinion @akvnne @bopinion

        You are very apt with this write up but the biggest Monster that have made Nigeria what it is today is "VESTED INTERESTS" not a lack of policy but majority put their interest before that of the community or country which is the hidden X-FACTOR!

        0 replies 1 retweet 5 likes
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      1. ikechukwu okechukwu‏ @ikisok Oct 16
        Replying to @Noahpinion @nonso2 @bopinion

        Here are a few ideas on how Nigeria could invest in education: Sell all federal-run schools (secondary & tertiary) Convert annual spending on such school into tuition for a fraction of the students typically catered for Create students loans managed by banks for the rest

        0 replies 2 retweets 1 like
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      1. New conversation
      2. jp‏ @JPrice_25 Oct 16
        Replying to @Noahpinion @bopinion

        @baconeggnchees3

        1 reply 0 retweets 1 like
      3. Joe‏ @baconeggnchees3 Oct 16
        Replying to @JPrice_25 @Noahpinion @bopinion

        Wheres my job at Bloomberg?

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. New conversation
      2. Tony Yates‏ @t0nyyates Oct 17
        Replying to @Noahpinion @bopinion

        These article have a personal tinge. My parents lived in Lagos 81-84. I went out there for school holidays. That was the first time, except for a day trip to Calais, that I had left the UK. An eye-opener.

        1 reply 0 retweets 2 likes
      3. Tony Yates‏ @t0nyyates Oct 17
        Replying to @t0nyyates @Noahpinion @bopinion

        I saw my first - and so far last - dead bodies, abandoned on the side of the highway. And the chaos of people trying to make a living everywhere and always.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Kayode Taiwo‏ @Iviewpoints Oct 16
        Replying to @Noahpinion @bopinion

        We do require investment in education. I think governments at all levels need to focus more on basic education. This may help us to avoid the perennial internal crisis. Education at the basic level is the foundation for everything. Higher PISA score correlates with development.

        0 replies 0 retweets 1 like
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      1. New conversation
      2. ssgslack‏ @ssgslack Oct 16
        Replying to @Noahpinion @bopinion

        @Threader_App compile

        1 reply 0 retweets 1 like
      3. Threader‏ @threader_app Oct 16
        Replying to @ssgslack

        Hey ssgslack, what's up? The thread is compiled, don't hesitate to share it. Have a good reading:https://threader.app/thread/1052240792650100736 …

        1 reply 0 retweets 0 likes
      4. ssgslack‏ @ssgslack Oct 16
        Replying to @threader_app

        Please thread all @Noahpinion’s tweets. This is how he’s going to win the Nobel for Econ.

        0 replies 0 retweets 0 likes
      5. End of conversation

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