Nigeria, Africa’s most populous country with nearly 200-million citizens and the continent’s largest economy, turned 60 on October 1. It remains a huge enigma of unfulfilled potential. Despite rich talent and abundant natural resources, its leaders have clearly lacked a sense of noblesse oblige.

Both politicians and soldiers have failed spectacularly to transform the country’s fortunes. In six decades they have been unable to establish a viable democracy, lift 70% of their compatriots out of poverty, build durable infrastructure, or stem profligate corruption that has seen an estimated $582bn pilfered and siphoned off into foreign bank accounts.     ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now