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Kronikler's avatar

… there is a deeper question here: when a government allows a collectively held natural asset to be depleted for private gain, what exactly is being transferred, and to whom?

We tend to describe the outcome as environmental degradation, but it can also be understood as a transfer of wealth across people and across generations.

The person who clears the forest captures the immediate return; the wider public absorbs part of the ecological cost; and future Nigerians inherit a smaller stock of natural capital.

If that is what is happening, should the debate really be framed only as a question of environmental protection, or should we also be asking who has the right to convert public natural wealth into private wealth, under what conditions, and with what obligation to compensate those who bear the cost?

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