Trending News
Private Wealth And Public Poverty: The Nigerian Paradox
By Ogunfeyimi Mercy Mukola
On the streets of Lagos, luxury cars glide past pothole-filled roads. In Abuja, high-rise mansions stand just a few kilometres from communities where residents struggle to access clean water, quality healthcare, and reliable electricity. Across Nigeria, scenes like these have become common, reflecting a striking contradiction: while some citizens enjoy extraordinary wealth, millions of others continue to battle poverty and inadequate public services.
Nigeria is often referred to as the “Giant of Africa” because of its large population, abundant natural resources, and enormous economic potential. The country is one of Africa’s leading producers of crude oil and is richly blessed with natural gas, solid minerals, fertile agricultural land, and a vibrant entrepreneurial population. Despite these advantages, many Nigerians still face unemployment, inflation, poor healthcare, inadequate education, and deteriorating infrastructure.
This contrast has given rise to what many observers describe as the Nigerian paradox—private wealth existing alongside public poverty.
Economic experts argue that wealth itself is not the problem. Successful entrepreneurs, industrialists, and investors play an important role in creating jobs, paying taxes, and driving economic growth. However, concerns arise when economic prosperity is concentrated in the hands of a few while essential public services continue to decline.
One of the major factors contributing to this situation is poor governance. Over the years, funds allocated for roads, hospitals, schools, electricity, and water projects have often been affected by corruption, mismanagement, delayed execution, or abandoned projects. As a result, many Nigerians are forced to seek privately funded alternatives for services that should ordinarily be provided by government.
For many families, this means paying expensive school fees, relying on private hospitals, purchasing generators because of irregular electricity supply, drilling boreholes for clean water, and hiring private security to protect their homes and businesses. These additional costs place a heavy financial burden on ordinary citizens, especially low-income households.
The unequal distribution of economic opportunities also contributes to the widening gap between the rich and the poor. Although Nigeria has one of the youngest populations in the world, many graduates and skilled young people struggle to secure meaningful employment. Limited access to quality education, affordable loans, modern technology, and business support makes it difficult for many young entrepreneurs to develop their ideas into successful businesses.
Social development experts believe that reducing poverty requires more than economic growth alone. They argue that governments at all levels must invest consistently in education, healthcare, transportation, security, housing, and infrastructure while creating an environment where businesses can thrive and employment opportunities can expand.
Private-sector organisations also have an important role to play. Through responsible business practices, investment in local industries, skills development programmes, scholarships, healthcare initiatives, and community development projects, successful companies and wealthy individuals can contribute to national progress beyond generating profits.
Many analysts believe that greater transparency and accountability in public finance are equally important. Proper management of public resources, stronger anti-corruption measures, improved tax administration, and increased support for small and medium-sized enterprises could help ensure that Nigeria’s wealth benefits a larger share of the population.
Ultimately, Nigeria’s future will not be judged solely by the number of billionaires it produces or the size of its economy. True development will be reflected in the quality of life enjoyed by ordinary citizens—good roads, reliable electricity, quality schools, affordable healthcare, decent jobs, and safe communities.
As Nigeria continues to pursue economic growth, many citizens hope that the nation’s enormous wealth will translate into better living conditions for everyone. Bridging the gap between private prosperity and public development remains one of the country’s greatest challenges and one of its greatest opportunities.
Trending News
Warri Run and Rave Event Draws Political Protest Over Tinubu-Branded Shirts
A Run and Rave event sponsored by Soft Nigeria in Warri, Delta State, was interrupted on Thursday after some participants protested against polo shirts bearing the image of President Bola Ahmed Tinubu.
The event, held at PTI Junction as part of activities marking Nigeria’s Independence Day, attracted young people who gathered for the fitness and entertainment programme.
According to videos and reports from the scene, some participants objected after shirts bearing Tinubu’s image were distributed. Some were seen tearing the shirts, while others chanted the name of Peter Obi and shouted, “We no go wear.”
Edema Seun, a young man who attended the Run and Rave event, said he encountered supporters of Peter Obi on his way to the venue but decided to remain at the event.
“I met the Obi supporters on the way and I stayed back to enjoy the event I came for. Later on I heard that there were burning shirts,” Seun said.
Seun’s account indicates that he did not personally witness the reported burning of the shirts, but learnt about it later during the event.
Videos circulating online showed some participants tearing the shirts, while others gathered around the area where the disagreement occurred. The available footage does not establish the political affiliation of all the participants or indicate that everyone at the event took part in the protest.
The incident has since attracted attention on social media, with reactions focusing on the use of a political figure’s image at an event presented as a fitness and entertainment programme.
The development comes amid increased political activity ahead of Nigeria’s 2027 general election, with supporters of different political figures increasingly visible at public gatherings and community events.
As of the time of filing this report, no detailed statement from Soft Nigeria explaining the distribution of the Tinubu-branded shirts or responding to the incident had been identified.
The Run and Rave event itself was organised as a fitness and entertainment gathering, while the political disagreement emerged during the programme over the shirts distributed to participants.
Politics
Nigeria @ 66: Tinubu Declares End of Emergency Reforms, Says Country Has Entered Age of Shared Prosperity
President Bola Ahmed Tinubu, Thursday, declared that Nigeria has passed the worst of its economic pains and has now entered the age of prosperity, in his 66th Independence Day address to the nation.
In an Independence Day celebration broadcast titled “From Reform to Prosperity”, the President said his administration chose to confront Nigeria’s deep economic distortions head-on when it assumed office in 2023, likening the country at that time to a cancer patient who must endure painful treatment to survive.
He said for too long Nigeria’s leaders chose morphine while praying for a miracle that never came, but his administration resolved to do things differently and excise the cancer.
Three and a half years after the removal of fuel subsidy and the foreign exchange reforms, Tinubu said the evidence of recovery is now undeniable.
He noted that the economy has grown by over four percent this year, with both oil and non-oil sectors contributing to stable growth, while oil theft has reduced and foreign direct investment continues to rise.
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According to him, inflation has fallen substantially from its peak, foreign reserves have been rebuilt and the foreign exchange market has stabilised.
He added that in 2025 the country recorded its highest revenue from non-oil exports in history, exceeding six billion dollars, which he described as real money being made by real Nigerian businesses.
These, he said, are not idle claims, as international observers, journalists, NGOs and multilateral institutions have all concluded that the reforms have strengthened Nigeria’s stability and resilience.
The President said that with the foundation now repaired, the central task of government has changed from correcting the economy to delivering shared and widespread prosperity.
He explained that prosperity to him does not mean merely larger numbers or better statistics, but a Nigeria where the farmer can cultivate safely and earn a decent return, where factories have reliable power, businesses can obtain credit, young people can find productive work, food and transportation are affordable, education is within reach, and families can look to the future with confidence.
To achieve this, Tinubu said his government will focus on bringing down the cost of living by lowering the cost of producing and moving goods.
He outlined plans to expand mechanised irrigation and dry-season farming, improve access to seeds and fertiliser, increase mechanisation, invest in storage and transportation, and build and complete roads, railways and ports that connect farms and factories to markets.
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His logic, he said, is simple: when farmers produce more cheaply, when fewer crops are lost between farm and market, when manufacturers spend less on electricity and trucks reach destinations faster in a competitive environment, those savings will ultimately reflect in market prices.
On jobs, the President said Nigeria’s youthful population must become an engine of production rather than a source of despair.
He pledged to use the nation’s gas to power new industries, support businesses to revive factories in industrial centres, expand digital connectivity into long-neglected communities, invest in relevant skills and provide infrastructure and finance for businesses to grow.
He said he wants to see more Nigerians making things, more farms feeding cities and supplying factories, more businesses selling Nigerian goods to the world, and young Nigerians building unicorns and creating opportunities at home.
Acknowledging that millions of citizens still struggle for daily meals, school fees and medical bills, the President said their plight is the accumulated consequence of decades of low productivity and weak institutions.
While this cannot be erased in four years, he said the course can be changed and the vulnerable will not be abandoned.
He pointed to strengthened direct support through an improved National Social Register for the poorest households, the Nigerian Education Loan Fund ensuring that children of low-income families can pursue higher education, and CREDICORP giving working Nigerians access to consumer credit for vehicles, solar systems and digital devices without years of savings.
He added that government has continued to pay salaries and pensions on time and in full, reformed the national pension programme, and is working with states and local governments to strengthen primary healthcare and basic education.
These programmes, he said, are not substitutes for prosperity but a bridge towards it, stressing that the objective is not to manage poverty more efficiently but to defeat it.
Tinubu urged Nigerians to resist calls by what he described as influential but regressive voices to abandon reforms and return to addictive subsidies, insisting that the nation must remember why the journey began.
He declared that the emergency treatment is over and the foundation has been repaired, saying Nigeria has corrected its course and passed through its own Red Sea.
While calling for unity and renewed faith, he said the promised land before the nation is one of abundance and opportunity where prosperity is broadly shared and every child can dream beyond the circumstances of birth.
He concluded that the destination is in sight, the foundations are strong and the direction is clear, urging Nigerians to go forward together with no looking back.
Education
DELSU Sets 77.3 as Highest Cut-Off Mark for 2026/2027, As Clinical Medicine Leads Admission Race
Delta State University, Abraka has released its approved UTME cut-off marks for the 2026/2027 admission session.
The release comes barely 24 hours after the state-owned institution released its first batch of admission for the incoming session.
The announcement, released on Wednesday, 9th September 2026 by the Public Relations Unit of the Directorate of Ceremonials, Information and Public Relations, spells out the minimum scores candidates must attain across the university’s 16 faculties to qualify for admission.
Leading the pack is the Faculty of Clinical Medicine, where Clinical Science carries the highest cut-off of 77.3.
This is closely followed by other health and professional courses that remain the most competitive in the university.
Nursing Science requires 71.2, while Law is set at 70.5. Both Dentistry and Pharmacy also stand at 70.0.
The story is different in several other faculties where the baseline cut-off remains at 40.
This applies to most programmes in the Faculties of Agriculture, Education, Environmental Sciences, and Social Sciences.
In the Faculty of Allied Health Sciences, candidates seeking admission into Medical Laboratory Science will need 65.3, while Pharmacology is pegged at 53.8 and Public Health at 50.
Candidates seeking admission into Engineering courses will have to meet varied benchmarks with Mechanical Engineering having the highest in the faculty at 52.5, followed by Petroleum Engineering at 51.5 and Electrical/Electronic Engineering at 50.5.
Chemical Engineering and Civil Engineering are lower at 45 and 42.9 respectively.
For management-related courses, Accounting leads with 56.7, Business Administration at 55.1, and Public Administration at 52.
In the Faculty of Communication and Media Studies, Mass Communication requires 55.7, while other programmes such as Advertising, Broadcasting, Journalism and Public Relations are at 40.
The Faculty of Computing also sets Computer Science at 56.5, with Cyber Security, Software Engineering, Information Technology and related courses pegged at 40.
In the Faculty of Arts, Theatre Arts and History & International Studies require 50 and 50.6 respectively, while English, French, Music,
Linguistics and Fine Arts are at 40. The Faculty of Science places Microbiology at 50 and Biochemistry at 48.2, with Physics, Chemistry, Mathematics, Geology and other courses at 40.
According to the university’s official bulletin dated Wednesday, 2nd September 2026, the new clearance process will be carried out entirely through the student’s portal.
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