Recent developments in Nigeria have made a review of the health of the nation’s economy rather compelling. The political leaders have always raised the people’s hope by painting glowing picture of their development plans and how to take the nation to the ‘Promised Land’ of true democracy...

Nigeria appears to be moving in a vicious circle, shoveling from one failed leader to another, from one failed program to another, and from one fraudulent election to another, and from one unproductive budget to another. The ‘political merchants' are preoccupied with ‘primitive accumulation...