Opinion
Why Are The Majority Poor?
Linda Chika Amuka
Successive military and civilian dispensations assumed power profusely professing intent to salvage. Over the years, we have had leadership that were habitually deceptive, that is to say, the leadership was a cult or dupes, who on grabbing power, disengaged themselves from constitutional social contract of harnessing common resources and equally redistributing same to the populace.
The Nigerian leadership rather than being a solution has remained a cog in the wheel of development of social and economic structures which has resulted in the perpetual impoverishment of the hapless citizenry. In ordinary terms, our leaders ascend to power on the vacuous promise that they will elevate the living standards of Nigerians but rather have always diverted such opportunities to personal enrichment.
As a precursor to their elevation to power, they feign ignorance to the state of social and economic disrepair, they traverse the length and breadth of their political constituencies promising heaven on earth. The reoccurrence of this officially perennial high-handedness has become worrisome because of its multifariously deleterious effect on the social and economic status of the populace. In other words, our leaders have made it a duty that on no account must the people they lead heave a sigh of relief. The systematic under-development of the social and economic structures is designed to convert the citizens’ rights into privileges and to bring about a continuity of the depending syndrome. The tenacity with which the leadership had held back development and welfare programmes is evident in the acute deprivation suffered by the people of this country.
In essence, it is important to note that the leadership is in the habit of making sure that the people they lead will not see the light of prosperity, such that the master-servant relationship will continue in perpetuity.
The level of leadership-induced poverty is basically unacceptable, considering the enormity of our commonwealth. It can be seen that the leadership is holding the populace in deliberate derision, amounting to contempt and human indignity making sure that the majority will remain in avoidable degradation.
The question in the mouth of many has remained how 10 per cent of the populace has continued to be recycled and hijack power for the sake of depriving the majority in this country. The answer is that the leadership has continually deliberately held on to its devices and methods of impoverishing the majority. The difference between America and Nigeria is that they utilise their resources in the interest of their citizenry such that welfare programmes of sort are initiated to make sure that a minimum standard of living is maintained which can prevent minor to major crimes. They develop and maintain infrastructure rather than auctioning them. They make sure that their citizens are accorded their rights of decent by subsidizing economic and social services. They make sure that provision of employment is a major determinant of economic growth. They measure the performance of government by the level of happiness generated among the people. They don’t allow anybody any excuse to commit crime, which is the reason their security is uncompromisingly strict and is at variance with our security such that their method is crime preventive while ours is crime inventive.
The lamentable state of poverty and deprivation in this country needs to stop, because we cannot continue to deceive the people of this country longer than we have done. If government is serious about lifting the living standards of the people, it will remove the land use decrees, it will make education free at all levels, it will make loans compulsorily affordable to farmers, it will reduce the price of fuel, it will enhance the casualty centres of the so-called federal medical centres. It will liberalise importation such that goods and services will be cheap.
Our industries are deliberately moribund even when the government had closed importation of goods to encourage their growth. It is no longer tenable that free flow of importation is the albatross of our industries. The textile industries at Isolo, which were closed down due to non-availability of raw materials should be encouraged because they are heavy employers of labour.
This country can afford to lavish incentives at the economic sector and make this economy subsidy-based. President Yar’Adua must understand that there is no sense in auctioning the commonwealth of this country which is one of the reasons we are where we are today.
Obasanjo’s economic witch-doctors told him that he will succeed by alienating the citizenry through privatisation. We now know the damages done to our economy through such disturbing us with noise of how many roads they have built as if it is their money that is being used. Their primary concern should be how to put food compulsorily on every table, how to generate employment, how to create an enabling environment for self-employment and how to develop human resources. The people of this country are hungry, deprived, cheated, abandoned because of greed of a few people. This country can afford to employ every graduate; this country can afford to look after the elder; we can afford to subsidise petroleum to even twenty naira per litre.
If we refuse to do these things, the rate of crime will continue to rise, until it will lead to a revolution, we are undoubtedly close to that now.
The activities of government at all levels are at variance with the needs of the people and that is to say, there is total disregard for the living standard of the populace.
The Central Bank in any developed country is responsible for control of fiscal policies that can generate employment based on the right data.
The CBN cannot continue to give vague reasons as to why inflation cannot be controlled. The double digit interest rates, on the excuse that depositors must demand return on deposits is the bane of the economy and the crux of the matter. This is mere abuse of our sensibilities and collaboration of interested parties because if the cost of fund is brought to single digit, productivity will rise, employment will increase and nothing will stop this imaginary inflation from coming down. The excess liquidity is neither here nor there because this economy is not financially saturated in the first place.
The reduction of monetary policy rate when not long ago the CBN said there was excess liquidity is admittance of monetary policy confusion all in the bid to avoid reduction of cost of funds. It is wrong to keep huge sums of money in foreign reserves or in the AFC which can be used to develop infrastructure. If there is excess liquidity, why don’t we utilise it positively? Why are the people still very poor? Why were they failed banks not bailed out instead of being eliminated? The financial theorem of the CBN is a deliberate misconception to keep the people in perpetual poverty. The government should discountenance monetisation of everything and concentrate on enhancing the agricultural and industrial sectors and, at the same time, retrieve all the infrastructures they have put private hands, because we are not developed to the extent of privatizing and monetizing this fragile economy. By so doing government has admitted incapability to manage resources, in other words, government is a failure by abdicating its responsibilities to privately owned corporations which are only interested in maximum profit and as a result, the people are poorer.
Amuka is a student of Anambra State University, Awka
Opinion
Betrayal: Vice Of Indelible Scar
The line that separates betrayal and corruption is very thin. Betrayal and corruption are two sides of the same coin. Like the snail and its shell they are almost inseparable. They go hand-in-globe. Betrayal and corruption are instinctive in humans and they are birthed by people with inordinate ambition – people without principles, without regard for ethical standards and values. Looking back to the days of Jesus Christ, one of his high profile disciples-the treasurer, was a betrayer. Judas Iscariot betrayed Jesus Christ for just 30 pieces of silver. One of the characteristics of betrayers is greed.
So, when on resumption from his imposed suspension, the Rivers State Governor, Sir Siminilayi Fubara threatened to bring permanent secretaries who were found complicit in “defrauding” the State during the days of Locust and Caterpillar regime, he did not only decry a loot of the Treasury but the emotional trauma of betrayal perpetrated by those who swore to uphold the ethics of the civil service. Governor Siminilayi Fubara had least expected that those who feigned loyalty to his administration would soon become co-travellers with an alien administration whose activities were repugnant to the “Rivers First” mantra of his administration. The saying that if you want to prove the genuineness of a person’s love and loyalty feign death, finds consummate expression in the Governor Fubara and some of the key members of the State engine room
Some of those who professed love for Governor Siminilayi Fubara and Rivers State could not resist the lure and enticement of office in the dark days of Rivers State, like Judas Iscariot. Rather, they chose to identify with the locusts and the caterpillars for their selfish interest. Julius Caesar did not die from the stab of Brutus but by his emotional attachment to him, hence he exclaimed in utter disappointment, “Even you Brutus”. The wound of betrayal never heals and the scar is indelible. Unfortunately, today, because of gross moral turpitude and declension in ethical standards and values, betrayal and corruption are celebrated and rewarded. Corruption, a bane of civil/public service is sublime in betrayal. The quest to get more at the expense of the people is the root of betrayal and sabotage.
This explains why Nigeria at 65 is the World’s capital of poverty.
Nigeria is not a poor country, yet, millions are living in hunger, abject poverty and avoidable misery. What an irony. Nigeria, one of Africa’s largest economies and most populous nation is naturally endowed with 44 mineral resources, found in 500 geographical locations in commercial quantity across the country. According to Nigeria’s former Minister for Mines and Steel Development, Olamiekan Adegbite, the mineral resources include: baryte, kaolin, gymsium, feldspar, limestone, coal, bitumen, lignite, uranium, gold, cassiterite, columbite, iron ore, lead, zinc, copper, granite, laterite, sapphire, tourmaline, emerald, topaz, amethyst, gamer, etc. Nigeria has a vast uncultivated arable land even as its geographical area is approximately 923, 769 sq km (356,669 sq ml).
“This clearly demonstrates the wide mineral spectrum we are endowed with, which offers limitless opportunities along the value-chain, for job creation, revenue growth. Nigeria provides one of the highest rates of return because its minerals are closer to the suffer”, Adegbite said. Therefore, poverty in Nigeria is not the consequences of lack of resources and manpower but inequality, misappropriation, outright embezzlement, barefaced corruption that is systemic and normative in leaders and public institutions. According to the World Poverty Clock 2023, Nigeria has the awful distinction of being the world capital of poverty with about 84 million people living in extreme poverty today.
The National Bureau of Statistics (NBS) data also revealed that a total of 133 million people in Nigeria are classed as multi-dimensionally poor. Unemployment is a major challenge in the country. About 33 percent of the labour force are unable to find a job at the prevailing wage rate. About 63 percent of the population are poor because of lack of access to health, education, employment, and security. Nigeria Economic Summit Group (NESG) speculated that unemployment rate will increase to 37 percent in 2023. The implications, therefore, is increase in unemployment will translate to increase in the poverty rate. The World Bank, a Washington-based and a multi-lateral development institution, in its macro-poverty outlook for Nigeria for April 2023 projected that 13 million Nigerians will fall below the National Poverty line by 2025.
It further stated that the removal of subsidy on petroleum products without palliatives will result to 101 million people being poor in Nigeria. Statistics also show that “in 2023 nearly 12 percent of the world population of extreme poverty lived in Nigeria, considering poverty threshold at 1.90 US dollars a day”.Taking a cursory look at the Nigerian Development Update (NDU), the World Bank said “four million Nigerians were pushed into poverty between January and June 2023 and 7.1 million more will join if the removal of subsidy is not adequately managed.” These startling revelations paint a grim and bleak future for the social-economic life of the people.The alarming poverty in the country is a conspiracy of several factors, including corruption. In January, 2023 the global anti-corruption watchdog, Transparency International, in its annual corruption prospect index which ranks the perceived level of public sector corruption across 180 countries in the world says Nigeria ranked 150 among 180 in the index. Conversely, Nigeria is the 30th most corrupt nation in the ranking. It is also the capital of unemployment in the world.
Truth be told: a Government that is corruption-ridden lacks the capacity to build a vibrant economy that will provide employment for the teeming unemployed population. So crime and criminality become inevitable. No wonder, the incessant cases of violent crimes and delinquency among young people. Corruption seems to be the second nature of Nigeria as a nation . At the root of Nigerians’ poverty is the corruption cankerworm.How the nation got to this sordid economic and social precipice is the accumulation of years of corrupt practices with impunity by successive administrations. But the hardship Nigerians are experiencing gathered momentum between 2015 and 2023 and reached the climax few days after President Bola Ahmed Tinubu, who assumed power as president of Nigeria, removed the controversial petroleum subsidy. Since then, there is astronomical increase in transport fares, and prices of commodities. Living standard of most Nigerians is abysmally low, essential commodities are out of reach of the poor masses who barely eat once a day.
The Dollar to Naira exchange rate ratio at one dollar to N1,000, is the most economy-unfriendly in the annals of the history of Nigeria. The prohibitive prices of petroleum products with the attendant multi-dimensional challenges following the removal of the subsidy, has posed a nightmare better to be imagined than experienced. Inflation, has been on the increase, negatively affecting the purchasing power of low income Nigerians. Contributing to the poverty scourge is the low private investment due to.unfriendly business environment and lack of power supply, as well as low social development outcomes resulting in low productivity. The developed economies of the world are private sector-driven. So the inadequate involvement of the private sector in Nigeria’s economy, is a leading cause of unemployment which inevitably translates to poverty.
Igbiki Benibo
Opinion
Dangers Of Unchecked Growth, Ambition
In today’s fast-paced, hyper-competitive world, the pursuit of success and growth has become an all-consuming force. Individuals, organisations, and nations alike, are locked in a perpetual struggle to achieve more, earn more, and surpass their rivals. Yet, beneath this relentless drive for progress lies a silent danger—the risk of self-destruction. This perilous pattern, which I call the self-destruct trajectory, describes the path taken when ambition and growth are pursued without restraint, awareness, or moral balance. The self-destruct trajectory is fueled by an insatiable hunger for more—a mindset that glorifies endless expansion while disregarding the boundaries of ethics, sustainability, and human well-being. At first glance, it may appear to promise prosperity and achievement. After all, ambition has long been celebrated as a virtue. But when growth becomes the only goal, it mutates into obsession.
Individuals burn out, organisations lose their soul, and societies begin to fracture under the weight of their own excesses. The consequences are everywhere. People pushed beyond their limits face anxiety, exhaustion, and disconnection. Companies sacrifice employee welfare and social responsibility on the altar of profit. The entire ecosystems suffer as forests are cleared, oceans polluted, and air poisoned in the name of economic progress. The collapse of financial systems, widening income inequality, and global environmental crises are all symptoms of this same relentless, self-consuming pursuit. To understand this dynamic, one can turn to literature—and to Charles Dickens’ Oliver Twist. In one of the novel’s most haunting scenes, young Oliver, starving in the workhouse, dares to utter the words: “Please, sir, I want some more.” This simple plea encapsulates the essence of human desire—the urge for more. But it also mirrors the perilous craving that drives the self-destruct trajectory. Like Oliver, society keeps asking for “more”—more wealth, more power, more success—without considering the consequences of endless wanting.
The workhouse itself symbolises the system of constraints and boundaries that ambition often seeks to defy. Oliver’s courage to ask for more represents the daring spirit of human aspiration—but it also exposes the risk of defying limits without reflection. Mr. Bumble, the cruel overseer, obsessed with authority and control, embodies the darker forces that sustain this destructive cycle: greed, pride, and the illusion of dominance. Through this lens, Dickens’ tale becomes a timeless metaphor for the modern condition—a warning about what happens when ambition blinds compassion and growth eclipses humanity. Avoiding the self-destruct trajectory requires a radical rethinking about success. True progress should not be measured solely by accumulation, but by balance—by how growth serves people, planet, and purpose.
This calls for a more holistic approach to achievement, one that values sustainability, empathy, and integrity alongside innovation and expansion
Individuals must learn to pace their pursuit of goals, embracing rest, reflection, and meaningful relationships as part of a full life. The discipline of “enough”—knowing when to stop striving and start appreciating—can restore both mental well-being and moral clarity. Organisations, on their part, must reimagine what it means to succeed: prioritising employee welfare, practising environmental stewardship, and embedding social responsibility in the core of their mission. Governments and policymakers also play a vital role. They can champion sustainable development through laws and incentives that reward ethical practices and environmental responsibility. By investing in education, renewable energy, and equitable economic systems, they help ensure that ambition is channeled toward collective benefit rather than collective ruin.
Corporate Social Responsibility (CSR) provides a tangible pathway for this transformation. When businesses take ownership of their social and environmental impact—reducing carbon footprints, supporting local communities, and promoting fair labour—they not only strengthen society but also secure their own long-term stability. Sustainable profit is, after all, the only kind that endures. Ultimately, avoiding the self-destruct trajectory is not about rejecting ambition—it is about redefining it. Ambition must evolve from a self-centred hunger for more into a shared pursuit of the better. We must shift from growth at all costs to growth with conscience. The future will belong not to those who expand endlessly, but to those who expand wisely. By embracing restraint, compassion, and sustainability, we can break free from the cycle of self-destruction and create a new narrative—one where success uplifts rather than consumes, and where progress builds rather than burns.
In the end, the question is not whether we can grow, but whether we can grow without losing ourselves. The choice is ours: to continue along the self-destruct trajectory, or to chart a more balanced, humane, and enduring path toward greatness.
Sylvia ThankGod-Amadi
Opinion
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