 The Innovation Deficit: Why Nigeria’s Traditional Industries Remain Frozen in Time, By Olumide Awoyemi
The 2025 Nobel Prize in Economics has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for explaining how innovation drives sustained economic growth. Their research reveals a profound truth: for the first time in human history, the last two centuries have witnessed continuous economic growth that has lifted vast numbers out of poverty….