The Secret of the Wealth of Nigerian Billionaires Exposed

Think Again
by
Baron Roy

Recently, we requested that readers should provide the list of all billionaires of Nigeria known to them and how they got to be wealthy. Below is what we have:

1. Anthony Elumelu
2. Jim Ovia
3. Enoch Adeboye
4. Afe Babalola
5. Tonye Cole
6. Femi Aluko
7. Seyi Makinde
8. Emir Sanusi
9. Igho Shanomi
10. Ibrahim Babangida
11. Amaechi Rotimi
12. Abba Kyari
13. Femi Otedola
14. Aliko Dangote
15. Bola Shagaya
16. Olusola Saraki
17. Dino Melaye
18. Yaya Bello
19. El Rufai
20. Bola Tinubu
21. Segun Obasanjo
22. Seyi Tinubu
23. Wale Tinubu
24. Ali Modu Sheriff
25. Mallam Indimi
26. Folorunso Alakija
27. Coshas Maduka
28. Okoya of Eleganza
29. The Abachas
30. Abdusalam Abubakar
31. Adams Oshiomhole
32. Babatunde Raji
33. Arthur Eze
34. Emeka Ofor
35. David Oyedepo
36. Mohammed Inuwa
37. Abubakar Maina
38. Mohamed Buhari
39. T. Y. Danjuma
40. Uduaghan Emma
41. Orji Kalu
42. Allen Onyema
43. Rochas Okorocha
44. Peter Obi
45. Celestine Ebubeogu
46. Michael Adenuga
47. Atiku Abubakar

Discussion

Group 1 Billionaires
Out if the 47 names mentioned, 24 of them held office directly and their wealth is only linkable to the era in which they were in office. We thus cautiously concluded that over 50% of the recognizable billionaires in Nigeria obtained their wealth by having held some political office of sorts! These people have no known industry of note; they're not know to employ up to 500 persons nor have firms turning over huge volumes annually.

Group 2 Billionaires
There are 10 persons in this group. These are people known to have made it good by being very close associates of some that had held office. They have never held office but have been extremely close to those that did. And their wealth is linkable to the era in which their principals held office. They make up about 18% of the population of study!

Group 3 Billionaires
There are also 10 persons in this group. These people are not known to have held office nor have the arrival of their wealth been linked with anyone that held office at any era. These people make up about 18% of the statistical distribution. They have known industries and firms with pedigree. Employers of Labor and contributing to human development. Leaders of the religious groups are grouped here.

Group 4 Billionaires
There are 3 persons in this group. Never held office in any way but their beginnings are hazy. They are somewhat linked to those that had held office but we couldn't be certain; they're smart, grey and undefined. They need to be more researched. Decent enough but sufficiently grey to attract sidelong looks.

From the foregoing, we could infer that those that exploit this unfortunate structure wrought by a most unfortunate constitution make up about 70% of the population. These are people that do not manufacture one item, do not employ labor, do not pay appreciable taxes and contribute little to the economy but misery! 70% of the billionaires have their fangs deeply sunk into the juicy flesh of the Treasury!

Only about 30% in the population of study bear the brunt of providing employment, adding value and reducing the poverty of Nigerians!

That's the prebendal nature of the Nigerian structure; that's the system some neophytes in Nigeria want to murder themselves for. That's the ugly system uninformed Nigerians validate with their votes every four years! That's the disaster we are upholding in the name of constitution! That's the corruption we pretend to fight while the structure is dedicated ONLY to corruption!

And it's those 70% we unfortunately, label as leaders! If they're the leaders, where then are the criminals? Those cannibals are leading us straight to hell!

You could be a leader too in Nigeria...just steal enough to make the list and you're declared a leader!

Without the #autonomousRegions, the death of Nigeria would be a certainty; Nigeria shall be canibalized to death! It's as sure as water flows in the River Niger!

#thinkAgain!
Baron Roy