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Mokyr, Aghion, Howitt Clinch 2025 Economics Nobel Prize

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2025 Economics Nobel Prize

By Adedapo Adesanya

The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to the trio of Joel Mokyr, Philippe Aghion and Peter Howitt.

Announcing the winners on Monday, the Royal Swedish Academy of Sciences, which decides recipients of the award, said this year’s laureates were awarded “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.”

It noted for the first time over the last two centuries, the world has seen sustained economic growth.

“This has lifted vast numbers of people out of poverty and laid the foundation of our prosperity,” a statement said, adding that “technology advances rapidly and affects us all, with new products and production methods replacing old ones in a never-ending cycle. This is the basis for sustained economic growth, which results in a better standard of living, health and quality of life for people around the globe.”

Joel Mokyr used historical sources as one means to uncover the causes of sustained growth becoming the new normal, while Philippe Aghion and Peter Howitt also studied the mechanisms behind sustained growth. In an article from 1992, they constructed a mathematical model for what is called creative destruction: when a new and better product enters the market, the companies selling the older products lose out. The innovation represents something new and is thus creative. However, it is also destructive, as the company whose technology becomes passé is outcompeted.

The Nobel committee noted that in different ways, the laureates showed how creative destruction creates conflicts that must be managed in a constructive manner.

“Otherwise, innovation will be blocked by established companies and interest groups that risk being put at a disadvantage,” it added.

“The laureates’ work shows that economic growth cannot be taken for granted. We must uphold the mechanisms that underly creative destruction, so that we do not fall back into stagnation,” said Mr John Hassler, Chair of the Committee for the prize in economic sciences.

The economics prize marks the end of the 2025 event, which started last week with medicine and physiology (Monday), physics (Tuesday), chemistry (Wednesday), literature (Thursday), and peace (Friday).

The laureates will be officially celebrated at an event in December. Their awards are worth 11 million crowns ($1.2 million).

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Education

Conference on Investing in Boys for Stronger Families, Communities Holds in Ibadan

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Boys Aid Network

By Aduragbemi Omiyale

A conference with the theme Flourish and Thrive: Investing in Boys for Stronger Families and Communities will take place at the Local Government Training School, Secretariat, Agodi, Ibadan, Oyo State, on Thursday, May 14, 2026.

The programme, in its second edition, is part of activities lined up to mark the 2026 International Boys’ Day Conference. It is being put in place by Boys Aid Network to confront a question many institutions have quietly ignored: Who is intentionally preparing the next generation of boys for the realities of leadership, responsibility, and manhood?

Expected to grace the occasion are educators, mentors, advocates, parents, and students.

The speakers include Jesudamilare Adesegun-David, Co-founder of Enovate Lab; Samson Folarin, Editor of Punch Newspaper Weekend Titles; Oluseye Joseph, Founder of EnterpriseCEO; Barrister Dotun Akinsanmi, Managing Partner at Dotun Akinsanmi LP; and media personality, Folakemi Arowolo, popularly known as Folakemi Mighty.

The convener, Barrister Olufunke Oyinlola, described the initiative as a deliberate effort to create safe and transformational spaces for boys to learn, reflect, and engage in meaningful conversations about their future.

“Too many boys are growing up without guidance, without safe spaces to express themselves, and without people intentionally helping them navigate the realities of life. This conference is our response to that challenge. We want boys to know that they are seen, valued, and capable of becoming responsible men who positively influence their families and communities,” she stated.

She added that the conference is ultimately about helping boys see possibilities differently and exposing them to conversations that can shape their confidence, choices, and sense of purpose.

More than 300 secondary school boys from across Oyo State are expected to participate in the event, which is organised in partnership with the Oyo State Ministry of Education, Science and Technology. The programme will combine keynote sessions, mentorship conversations, interactive learning, and a spelling bee competition aimed at boosting confidence and intellectual engagement.

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Education

Nollywood Star Alex Ekubo Dies

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Alex Ekubo

By Modupe Gbadeyanka

A popular Nigerian actor, Alex Ekubo, has reportedly passed away after a protracted illness.

According to reports, the movie star died after a battle with cancer, which kept him away from public glare and social media.

Last year, some of his fans expressed concerns over his sudden absence from social media, asking about his whereabouts.

On Tuesday evening, news about his demise flooded the blogosphere.

One of the sympathisers, Peter Okoye of the P-Square fame, wrote a Rest in Peace on the Nollywood star’s picture on X, formerly known as Twitter, confirming his death.

Several personalities and others have also expressed shock over the passing of the 40-year-old entertainer, who dazzled many with his acting skills.

During his lifetime, Alex Ekubo, who was said to have died of cancer, won several awards.

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Education

Platform Schools Ipaja Clinches 2026 Ecobank Chess Championship

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Platform School Ecobank Chess Champion

By Aduragbemi Omiyale

The secondary school category of the 2026 Ecobank National Schools Team Chess Championship has been won by Platform School, Baruwa, Ipaja, after defeating Dayspring School.

The competition was sponsored by Ecobank Nigeria, in partnership with SchoolMate, Newcross, Exploration & Production Limited, GZI Limited, Frutta and the Nigeria Chess Federation (NCF).

The contest attracted over a thousand students from schools across the country to the Ecobank Pan African Centre (EPAC) in Lagos.

Platform School clinched the first spot after six rounds with 16 match points, edging Dayspring School, which also finished unbeaten but settled for second place on tiebreaks. King’s College Lagos claimed third position after an impressive campaign.

The result further strengthened the growing rivalry between Platform School and Dayspring School. Platform School won the maiden edition of the Ecobank-sponsored championship before Dayspring School emerged as champions in the second edition. Platform School, however, bounced back strongly by reclaiming the title in the third edition and has now secured back-to-back titles after winning the fourth edition. Meanwhile, Dayspring School have now recorded consecutive second-place finishes following their triumph in the second edition.

In the primary category, Chess in Slums Africa delivered a dominant performance, winning all six matches to finish with a perfect score of 18 match points. First Baptist Group of Schools also finished with a perfect win record but settled for second place on tiebreaks, while Jareb Private School, Ogun, finished third. The event witnessed remarkable performances from young players, further highlighting the rapid growth of grassroots chess development in Nigeria.

The Primary Category title was especially significant for Chess in Slums Africa, as the team received celebrations and support on-site from Tunde Onakoya, whose presence added excitement and inspiration to the young players during the close of the championship and the closing ceremony.

Speaking about the event, the Head of Educational and Social Services at Ecobank, Mr Kunle Adewoyi, urged the students to strive hard to become Grand Masters in the near future.

“There are Grand Masters in Kenya, Rwanda and some other African countries, but, sadly, we don’t have any in Nigeria at the moment. It is our prayer that some of these students will become one in the near future,” he stated.

Mr Adewoyi said that Ecobank was particular about chess sponsorship because it helps in the development of the kids.

The Vice President of the Nigerian Chess Federation, Mr Adeyinka Adewale, was full of praise for Ecobank and other partners for sponsoring the tournament, just as he promised that next year’s edition will be bigger and better.

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