The Public Presentation Series by Prof. Magnus Kpakol for a More Productive Africa, Free of
Poverty was quite insightful and thought-provoking.

In his presentation, Prof. Magnus talked about The Real Nigeria. Here are some of the
highlights:

• Nigeria is one of the greatest countries in the world and not the poverty capital of the
  World, it does not have the largest percentage of poor people.
  
• Nations and People are poor because of disobedience (Absence of the rule of law),
  Ignorance, Weak Economic Freedom, Poor investment in people, and Poor investment in
  infrastructure.
  
• To have good Governance you need to realize that there is a scarcity of resources,
  unlimited wants and people want to be happy, People make Choices, and Choices involve
  Costs (there is a cost function), People respond to Incentives and Sanctions, Culture and
  the Rule of Law is Critical and Regulated Free Markets work.
  
• The economy is challenging if the productivity of your human capital is devalued or
  undervalued.
  
• The productivity of your human capital is your purchasing power or your earnings or
  income. If your purchasing power is depreciating it reduces your choices and makes you
  sad.
  
• Democracy without human capital development is like a horse without a rider racing
  fast into an open market.

Here are some visuals capturing the event