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About Dr. Alex Otti

Alex Otti (born 18 February 1965) is a Nigerian economist, banker, investor, philanthropist and politician. Otti is the former Group Managing Director of Diamond Bank Plc, a leading retail financial institution in Nigeria. Otti is a gubernatorial candidate of Abia State on the platform of Labour Party for 2023.

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Addicted to the Sharing Economy

“Despite a voluminous and often fervent literature on “income distribution,” the cold fact is that most income is not distributed: It is earned.” – Thomas Sowell We live in a dynamic world where numerous ideas are constantly being introduced by…

Between The Oppressor And The Oppressee

“The most potent weapon of the oppressor is the mind of the oppressed.” Steven Biko (1946-1977) Steven Biko was a revolutionary whose anti-apartheid struggles helped to abolish the despicable regime. As a student, he was so brilliant that on some…

Wetin Concern Agbero with Overload?

“Population, when unchecked, goes on doubling itself every twenty-five years, or increases in a geometrical ratio. … The means of subsistence, under circumstances the most favourable to human industry, could not possibly be made to increase faster than in an…

Conspicuous Consumption of Our Tomorrow, Today

“The phrase “consumer society” complements the description of the present social order as an “industrial society.” Needs are tailored by the mass media to create a public demand for utterly useless commodities, each carefully engineered to deteriorate after a predetermined…

What is Your Money Doing in the Bank?

“It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the…

Your Revenue is Not Too Low, Your Costs are Too High

“No man is rich, whose expenditure exceeds his means; and no one is poor whose Incomings exceed his outgoings”  Thomas Chandler Haliburton (1796-1865) “Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income…

My Ministry is Juicier Than Yours

Let me start with a fairly old story which was recently repackaged and circulated on the social media. It’s about two friends; one Nigerian and the other from an Asian country. The Nigerian paid a visit to his friend who…

The Political Economy of Xenophobia

“No one is born hating another person because of the colour of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love…

Of Market Forces and Forced Markets

“Indeed, a major source of objection to a free economy is precisely that it… gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack…