Opinion
Between Wisdom And Intellectual Capital
I once believed that capital was another word for money, the accumulated wealth of a country or its people. Surely, I thought, wealth is determined by the money or property in one’s possession. Then I saw a Deutsche Bank advertisement in the Wall Street Journal that proclaimed: “Ideas are capital. The rest is just money.”
I was struck by the simplicity of such an eloquent and forceful idea. I started imagining what such power meant for Africa. The potential for progress and poverty alleviation in Africa relies on capital generated from the power within our minds, not from our ability to pick minerals from the ground or seek debt relief and foreign assistance.If ideas are capital, why is Africa investing more on things than on information, and more on the military than on education?
Suddenly, I realised what this idea could mean for Africa. If the pen is mightier than the sword, why does a general earn more than the work of a hundred writers combined? If ideas are indeed capital, then Africa should stem its brain drain and promote the African Renaissance, which will lead to the rebirth of the continent. After all, a renaissance is a rebirth of ideas. And knowledge and ideas are the engines that drive economic growth.When African men and women of ideas, who will give birth to new ideas, have fled to Europe and the United States, then the so-called African Renaissance cannot occur in Africa. It can only occur in Paris, London and New York. There are more Soukous musicians in Paris, than in Kinshasha; more African professional soccer players in Europe, than in Africa. African literature is more at home abroad than it is in Africa.
In other words, Africans in Europe are alleviating poverty in Europe, not in Africa. Until the men and women of ideas — the true healers of Africa — start returning home, the African Renaissance and poverty alleviation will remain empty slogans. After all, the brightest ideas are generated and harnessed by men of ideas.The first annual report by J.P. Morgan Chase, a firm with assets of 1.3 trillion dollars, reads: “The power of intellectual capital is the ability to breed ideas that ignite value.” This quote is a clarion call to African leaders to shift purposefully and deliberately from a focus on things to a focus on information; from exporting natural resources to exporting knowledge and ideas; and from being a consumer of technology to becoming a producer of technology.
For Africa, poverty will be reduced when intellectual capital is increased and leveraged to export knowledge and ideas. Africa’s primary strategy for poverty alleviation is to gain debt relief, foreign assistance, and investments from western nations. Poverty alleviation means looking beyond 100 percent literacy and aiming for 100 percent numeracy, the prerequisite for increasing our technological intellectual capital.
Yet, in this age of information and globalization when poverty alleviation should result in producing valuable products for the global market and competing with Asia, the United States, and Europe — shamefully, diamonds found in Africa are polished in Europe and re-sold to Africans.The intellectual capital needed to produce products and services will lead to the path of poverty alleviation. Intellectual capital, defined as the collective knowledge of the people, increases productivity. The latter — by driving economic growth — alleviates poverty, always and everywhere, even in Africa. Productivity is the engine that drives global economic growth.Those who create new knowledge are producing wealth, while those who consume it are producing poverty. If you attend a Wole Soyinka’s production of Chinua Achebe’s “Things Fall Apart,” you consume the knowledge produced by Soyinka and Achebe as well as the actor’s production, much like I consume the knowledge and production of Bob Marley’s through his songs. We will need wisdom, that which turns too much information — or information overload — into focused power, not only to process, but also to evaluate the overwhelming amount of information available on the Internet. This wisdom will give us the competitive edge and enable us to find creative solutions.
The following story illustrates the difference between information and wisdom. Twelve hundred years ago, in the city of Baghdad, lived a genius named Al-Khwarizmi, who was one of the fathers of algebra. In fact, the word algebra comes from the title of his book Al-jabr, which for centuries was the standard mathematics textbook. Al-Khwarizmi taught in an institution of learning called the House of Wisdom , which was the center of new ideas during Islam’s golden age of science. To this day we computer scientists honour Al-Khwarizmi when we use the word algorithm, which is our attempt to pronounce his name.One day, Al-Khwarizmi was riding a camel laden down with algebraic manuscripts to the holy city of Mecca.
He saw three young men crying at an oasis. “My children, why are you crying?” he enquired. “Our father, upon his death, instructed us to divide his 17 camels as follows:’To my oldest son I leave half of my camels, my second son shall have one-third of my camels, and my youngest son is to have one-ninth of my camels.” ”What, then, is your problem?” Al-Khwarizmi asked. “We have been to school and learned that 17 is a prime number that is, divisible only by one and itself and cannot be divided by two or three or nine. Since we love our camels, we cannot divide them exactly,” they answered. Al-Khwarizmi thought for a while and asked, “Will it help if I offer my camel and make the total 18?” “No, no, no,” they cried. ”You are on your way to Mecca, and you need your camel.” “Go ahead, have my camel, and divide the 18 camels amongst yourselves,” he said, smiling.So the eldest took one-half of 18 — or nine camels. The second took one-third of 18 — or six camels. The youngest took one-ninth of 18 — or two camels. After the division, one camel was left: Al-Khwarizmi’s camel, as the total number of camels divided among the sons (nine plus six plus two) equaled 17. Then Al-Khwarizmi asked, “Now, can I have my camel back?”These young men had information about prime numbers, but they lacked the wisdom to use the information effectively.”
It is the manipulation of information to accomplish seemingly impossible purposes that defines true wisdom. Today, we have ten billion pages of information posted on the Internet — more than enough to keep us busy the rest of our lives, and new information is being added daily. More information has been created in the last 100 years than in all of the previous 100,000 years combined. We need the wisdom to sift through and convert these billions of pages into information riches. The genius of Al-Khwarizmi was not in his mathematical wizardry or even his book knowledge: It was in his experiential knowledge — his big-picture, right-brain thinking; creativity; innovation; and wisdom. It was his wisdom to add a camel to make the total 18 and still get his camel back.
Prime numbers are to whole numbers what the laws of physics are to physics. Twenty years ago, I used an Al-Khwarizmi approach to solve a notoriously difficult problem in physics. I added inertial force, which enabled me to reformulate Newton’s Second Law of Motion first as 18 equations and algorithms, and then as 24 million algebraic equations. Finally, I programmed 65,000 “electronic brains” called processors to work as one to solve those 24 million equations at a speed of 3.1 billion calculations per second. Like Al-Khwarizmi, I derived my 18 equations through out-of-the-box thinking in an in-the-box world, adding my metaphorical camel: inertial force.
In other words, I applied wisdom to known knowledge to generate intellectual capital. Unless Africa significantly increases its intellectual capital, the continent will remain irrelevant in the 21st century and even beyond. Africa needs innovators, producers of knowledge, and wise men and women who can discover, propose, and then implement progressive ideas. Africa’s fate lies in the hands of Africans and the solution to poverty must come from its people.
The future that lies ahead of Africa is for Africa to create, after the people have outlined their vision. We owe it to our children to build a firm foundation to enable them go places we only dreamt. For Africa to take center stage in today’s economic world, we have to go out and compete on a global basis. There is simply no other way to succeed.
Emeagwali, Nigerian-born inventor of the Internet, resides in Washington, D.C., United States.
Philip Emeagwali
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
Quote:“.Across Abuja, Anambra, and Lagos, a common thread emerges: a disconnect between authority and empathy. Government actions may follow policy logic, but citizens respond from lived experience, fear, and frustration. When these realities collide without dialogue, the streets become the arena of engagement”
It was a turbulent week in the country, highlighting the widening gap between government intentions and public perception. From Abuja to Anambra and Lagos, citizens poured into the streets not just over specific grievances but in frustration with governance that often appears heavy-handed, confrontational, or insufficiently humane. While authorities may genuinely act in the public interest, their methods sometimes aggravate tensions rather than resolve them.
In Abuja, the strike by workers of the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Authority (FCDA) under the Joint Union Action Committee (JUAC) brought the capital to a near standstill. Their demands included five months’ unpaid wages, hazard and rural allowances, promotion arrears, welfare packages, pension and National Housing Fund remittances, and training and career progression concerns. These are core labour issues that directly affect workers’ dignity and livelihoods. Efforts to dialogue with the FCT Minister reportedly failed. Even after a court ordered the strike to end, workers persisted, underscoring the depth of discontent. Threats and sanctions only hardened positions.
The FCT crisis shows that industrial peace cannot be enforced through coercion. Dialogue is not weakness; it is recognition that governance is about people. Meeting labour leaders, listening attentively, clarifying grey areas, and agreeing on timelines could restore trust. Honesty and negotiation are far more effective than threats.
In Anambra, protests by Onitsha Main Market traders followed the government’s closure of the market over continued observance of a Monday sit-at-home, linked to separatist agitation. Governor Chukwuma Soludo described compliance as economic sabotage, insisting Anambra cannot operate as a “four-day-a-week economy.” While the governor’s concern is understandable, threats to revoke ownership, seize, or demolish the market risk escalating tensions. Many traders comply out of fear, not ideology. Markets are social ecosystems of families, apprentices, and informal networks; heavy-handed enforcement may worsen resistance. A better approach combines persuasion, dialogue with market leaders, credible security assurances, and gradual confidence-building. Coordinated political engagement with federal authorities could also reduce regional tensions.
In Lagos, protests erupted over demolition of homes in low-income waterfront communities such as Makoko, Owode Onirin, and Oworonshoki. The state defended these actions as necessary for safety, environmental protection, and urban renewal. While objectives are legitimate, demolitions drew criticism for lack of notice, compensation, and humane resettlement. Urban development without regard for human consequences risks appearing elitist and anti-poor. Where demolitions are unavoidable, transparent engagement, fair compensation, and realistic relocation must precede action to maintain public trust and social stability.
Across Abuja, Anambra, and Lagos, a common thread emerges: a disconnect between authority and empathy. Government actions may follow policy logic, but citizens respond from lived experience, fear, and frustration. When these realities collide without dialogue, the streets become the arena of engagement.
Democracy cannot thrive on decrees, threats, or bulldozers alone. Leaders must listen as much as they command, persuade as much as they enforce. Minister Wike should see labour leaders as partners, Governor Soludo must balance firmness with sensitivity, and Lagos authorities should align urban renewal with compassion and justice. Protests are signals of communication failure. Dialogue, caution, and a human face in governance are not optional—they are necessities. Police and security agencies must respect peaceful protest as a constitutional right.
By: Calista Ezeaku
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