Amalgamation Day in Lagos, 1914

Amalgamation Day in Lagos, 1914

08 August, 2011

Asuquo E.B.

This image is culled from BUSINESS DAY.

I am a daily reader of the excellent newspaper Business Day. For the record, they have paid me nothing for the "endorsement".

Nor have I received anything for telling you this: "Asuquo E.B.", their resident editorial cartoonist, is quite good at his craft. His jabs are pithy and well-directed 98% of the time.

Per the other 2%, well, he did something I don't think anyone in his position should do -- he took sides during the 2011 Presidential Election. He is a citizen, fully entitled to cast his vote for the candidate of his choice, but there is a difference between a satirist and a political propagandist, and Asuquo's election-season bias affected his work.

Still, no two people agree on everything all the time.

I look forward to enjoying Asuquo E.B.'s work for years to come.

And just in case anyone is wondering, I am NOT opposed to interest-free banking (a.k.a. "Islamic Banking"). We should do whatever it takes to bring the majority of Nigerians into the banking system. Indeed, we should forget about what other countries do or do not do and stop trying to mimic Europe, North America or West Asia (a.k.a. the "Middle East"). A proper banking system suited to the environment of Nigeria would be a mix of forms that are otherwise considered "formal", "informal", and "traditional". Somehow, we have to draw it all together into a larger, stronger whole. And if the introduction of interest-free banking will spur on a deepening of the capital market in parts of the country that are currently "under-banked", then I am all for it.

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