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Stephen Onyeiwu

Stephen Onyeiwu

Professor and Chair of the Economics Department, Allegheny College
Born and raised in southwestern Nigeria, I was educated at the University of Connecticut, USA; University of Sussex, UK; Obafemi Awolowo University, Nigeria; and University of Port Harcourt, Nigeria. I have taught at Wesleyan University, Trinity College, and Rensselaer Polytechnic Institute, all of which are in the United States.

Courses I teach include Introduction to Managerial Economics, Advanced Managerial Economics, Management of Innovation and Technological Change, Introduction to Microeconomics, and African Economic Development. My research interests are: the Technological Strategies of Firms, Small Business Development, Industrial Organization, and Global Economic Issues.

Nigeria's fuel subsidy: it's time to kill it and spend the money in ways that benefit the poor

May 05, 2023 12:51 pm UTC| Insights & Views

Nigerians are being hit from all sides by a combination of factors that are making their lives increasingly difficult. These include rising cost of living which is reflected in double-digit inflation, stagnant wages,...

Central Banking Series

Nigeria's central bank made critical mistakes that doomed the country's currency redesign

Mar 15, 2023 15:52 pm UTC| Economy Central Banks

Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And what measures need to be taken to avoid a future...

Nigeria’s 2023 budget is a plan of despair and won't change the tempo of the economy

Oct 24, 2022 17:27 pm UTC| Economy

Nigerias 2023 budget, recently presented by President Muhammadu Buhari to the National Assembly, has generated a furore. There are concerns about the impact on the countrys rising deficits and debt, as well as its...

Fuel subsidies in Nigeria: they're bad for the economy, but the lifeblood of politicians

Nov 06, 2021 08:10 am UTC| Economy

Nigeria, Africas biggest oil producer, has come under fire from the International Monetary Fund as well as World Bank for the heavy financial burden it carries in providing subsidies for fuel and kerosene. The criticism is...

Why a new national carrier for Nigeria is never likely to get off the ground

Oct 17, 2018 22:01 pm UTC| Insights & Views Business

One of the most vexatious ironies about Nigeria perhaps even an embarrassment is the lack of a national airline. Nigerians are often very piqued to be travelling on airlines owned by smaller less resource-endowed African...

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Economy

Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out

Shifting Australias electricity sector to low-carbon technologies and closing coal plants is vital to tackling climate change. But such transitions are easier said than done. People and economies are often deeply...

Food prices will climb everywhere as temperatures rise due to climate change – new research

Climate change, and specifically rising temperatures, may cause food prices to increase by 3.2% per year, according to a new study by researchers in Germany. As climate change continues to worsen, this price inflation will...

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits

Alexander Hamilton, one of the founding fathers of the US, wrote a wealth of reports that served as building blocks for the countrys economic system. In 1791, during his time as secretary of the Treasury, Hamilton...

This is how President Ramaphosa got to the 25% figure of progress in land reform in South Africa

Nearly three decades into democracy, land reform remains central to South Africas transformation policies and agricultural policy. We have over the years pointed out that the progress on land reform has been incorrectly...

NZ is in recession – so far there are few signs the government has a plan to stimulate and grow the economy

If you live in New Zealand and youre feeling poorer, youre not imagining it. Stats NZ has revealed the economy was in recession over the second half of last year. GDP fell in the September and December quarters by 0.3% and...

Politics

US and Japan Boost AI, Semiconductor Alliance; EU Eyes Reduction in China Dependence

Japan and the United States are poised to deepen ties in the high-tech sector, signaling a strategic move to enhance their global partnership with a focus on artificial intelligence and semiconductor...

US Finalizes Ban List for Chinese Chipmakers; Boosts Mexico Semiconductor Ties

The United States is finalizing a list of Chinese chip factories banned from receiving vital technology, aiming to curb Beijings tech advancements amid national security concerns. Concurrently, a US-Mexico semiconductor...

China's Commerce Minister to Advocate EV Sector in Europe Amid Subsidy, Tariff Probe

Chinas Commerce Minister Wang Wentao is set to visit Europe in April to address concerns and advocate for the Chinese electric vehicle (EV) industry amid a European Commission investigation into alleged unfair...

South Africa’s electricity crisis: what political parties say in their election manifestos about solving it

South Africa is in the middle of a deep electricity crisis. In 2023 the public, many of whom are voters, experienced the worst loadshedding to date, losing power for an average of five hours a day. The power shortages...

Science

An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses

Many people in the U.S. will have an opportunity to witness nearly four minutes of a total solar eclipse on Monday, April 8, 2024, as it moves from southern Texas to Maine. But in the U.S., over 7 million people are blind...

How do airplanes fly? An aerospace engineer explains the physics of flight

Airplane flight is one of the most significant technological achievements of the 20th century. The invention of the airplane allows people to travel from one side of the planet to the other in less than a day, compared...

The mystery of consciousness shows there may be a limit to what science alone can achieve

The progress of science in the last 400 years is mind-blowing. Who would have thought wed be able to trace the history of our universe to its origins 14 billion years ago? Science has increased the length and the quality...

What is minoxidil, the anti-balding hair growth treatment? Here’s what the science says

Hair loss (also known as alopecia) often affects the scalp but can occur anywhere on the body. Its very common and usually nothing to worry about; about half of Australian men show signs of visible baldness at age 50 and...

Our survey of the sky is uncovering the secrets of how planets are born

When we look out to the stars, it is typically not a yearning for the distant depths of outer space that drives us. When we are looking out there, we are truly looking back at ourselves. We try to understand our place in...

Technology

Bitcoin Tumbles to $65K, Armstrong Bullish on Future Rally to $100K

Despite a dramatic fall to $65,000, which wiped out $925 million in trades, Bitcoin influencer Ben Armstrong remains optimistic about a potential rally to $100,000, even as market volatility persists. Market Turmoil...

China Boosts BYD with $3.7 Billion to Dominate Global EV Market

A German study reveals that China has funneled at least $3.7 billion in subsidies to BYD, a leading EV manufacturer, as part of an aggressive strategy to position the country as a frontrunner in the global electric vehicle...

SpaceX Seeks Global Expansion for Starlink's Cell Service Trials

SpaceX has requested FCC approval to extend its Starlink cellular service trials to several countries. The company aims to connect unmodified mobile phones directly via satellites. This expansion includes partnerships with...

VeChain and UFC Launch Tokenized Gloves, Sparking Mixed Community Reactions

VeChain has partnered with the UFC to introduce tokenized gloves featuring NFC technology that tracks fight data and authenticates each pair on the blockchain. The innovative gloves will debut at UFC 300, drawing both...
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