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Frugality is founded on the principal that all riches have limits. (Babangida Ibrahim)
People do not understand what a great revenue economy is. (Babangida Ibrahim)
Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores. (Babangida Ibrahim)
There can be economy only where there is efficiency. (Babangida Ibrahim)
Everyone is always in favor of general economy and particular expenditure. (Babangida Ibrahim)
Commerce is a game of skill which everyone cannot play and few can play well. (Babangida Ibrahim)
For economist the real world is often a special case. (Babangida Ibrahim)
The rate of interest acts as a link between income-value and capital-value (Babangida Ibrahim)
Few are sufficiently sensible of the importance of that economy in reading which selects, almost exclusively, the very first order of books. Why, except for some special reason, read an inferior book, at the very time you might be reading one of the highest order? (Babangida Ibrahim)
No nation was ever ruined by trade. (Babangida Ibrahim)
In economics the majority is always wrong. (Babangida Ibrahim)
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. (Babangida Ibrahim)
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well. (Babangida Ibrahim)
I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes. (Babangida Ibrahim)
Commerce changes the fate and genius of nations. (Babangida Ibrahim)
No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings. (Babangida Ibrahim)
Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests. (Babangida Ibrahim)
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. (Babangida Ibrahim)
Be thrifty, but not covetous. (Babangida Ibrahim)
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics. (Babangida Ibrahim)
How great, my friends, is the virtue of living upon a little! (Babangida Ibrahim)
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