• Wednesday, October 09, 2024
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BusinessDay

Nigerian leaders revel in squandermania as citizens sink

Nigerian leaders revel in squandermania as citizens sink
Sixty-four years after Independence, Nigerians are perplexed by the lavish lifestyles of the political elite in contrast to the daily struggles of the majority who eat from hand to mouth. Despite being Africa’s biggest oil producer, the nation is grappling with an economic crisis, marked by high inflation, unemployment, and multidimensional poverty. Yet, government officials continue to indulge in luxurious spending, seemingly disconnected from the sufferings of ordinary citizens. A Nation in Economic Crisis Nigeria’s