"Money is not Nigeria's problem, but how to spend it"—this statement is famously attributed to General Yakubu Gowon, Nigeria’s military head of state from 1966 to 1975. It captures a critical truth about Nigeria’s economic trajectory: abundance without direction leads to missed opportunities.
In a New York Times article dated 16th March 1975, titled “Nigeria is Struggling over Control of Her Wealth,” it was revealed that Nigeria’s workers and professional classes felt entitled to a larger share of the country’s booming prosperity. However, t
