I was in front of about 20 Executive MBA students recently giving a talk, and when we discussed how the economy was doing, they seemed to unanimously believe that the Nigerian economy was worse off. But by the end, I had shown the whole class that their initial belief was exaggerated and came from an innate psychological bias. I did a quick diagnostic of people in the room, split them into those who earned salaries and those who ran some business or the other. Of those who earned salaries, I asked who among them hasn’t had their salaries doubled in the past three years. Some 70 per cent of those in this category admitted immediately to having had their salaries doubled, maybe tripled in the past three years. Mind you, our people don’t readily admit to things like this.
Where the ball bounces: Tracking the grassroots effects of Tinubu’s reforms, By ‘Tope Fasua
