It is the age-old chicken and egg question. Which comes first: the economy or politics? That’s the question at the heart of this intervention, and it was triggered by two recent events. The first was President Bola Tinubu’s response to the call for a new Constitution. The second was Dr Ngozi Okonjo-Iweala’s speech at this year’s annual conference of the Nigerian Bar Association (NBA), in which she called for a social contract for Nigeria, built around, among others, “the basic organs of the economy”. Everyone knew about those two events, but few detected their logical fallacies. So, first, let’s recall the events.