Nigeria, Oct. 30 -- 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. But this growth isn't automatic; it requires the right conditions for innovation to flourish. As the world celebrates this recognition of innovation's critical role in prosperity, Nigeria must confront an uncomfortable question: why have our most iconic traditional industries - palm oil production, Aso-oke weaving, and staple food like Garri, Fufu, and Elubo processing rema...
		
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