Too often, one hears that it is not Nigeria that needs restructuring, but the minds of Nigerians and their leaders. Those who hold that view try to shift the emphasis away from structure to culture. They are wrong! Of course, culture matters, and leadership matters too. But empirical studies around the world show that it is the right institutions, the right governance structure, the right political system that creates the incentives that shape behaviour and drive political and economic progress.
The best insight on the powers of incentives c
