Tag Archives: economics
Trio win 2025 Nobel economics prize for work on innovation and ‘creative destruction’
The Nobel Prize in Economic Sciences 2025, is presented during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, October 13, 2025. ReutersJoel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize for their work on how innovation and the forces of "creative destruction" can drive economic growth, the Royal Swedish Academy of Sciences said on Monday.
The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year and is worth 11 million Swedish crowns ($1.2 million).
The prize winners' work explains how technology gives rise to new products and production methods which replace old ones, resulting in a better standard of living, health and quality of life for people around the...
The politics and economics of Dangote Refinery
Politics tamfitronics Aliko Dangote deserves our collective support and official encouragement. I told him the day I visited his plant that he’s “an authentic African hero and a real icon, and I meant that from the bottom of my heart. As an investor and businessman, he’s succeeded where our government has failed. He has built a huge business empire consisting of manufacturing, oil and gas, agriculture, fertilisers, and petrochemicals and will earn more than Nigeria next year. For the 2025 FY, the Dangote Group is expecting to gross a total revenue of $30 billion, with the refinery contributing $19.5b; fertiliser, $2.5b; oil and gas, $1.5b; and cement, $6b. Nigeria is projected to earn about $22 billion in revenue from crude oil exports next year. Given the huge oil theft from the Niger Delta, the...
