Over 50% of Nigerias Recognizable Billionaires Obtained Wealth by Holding Public Office – Study

Over 50% of Nigerias Recognizable Billionaires Obtained Wealth by Holding Public Office – Study

AREWA AGENDA – Recent Social Media study requested that readers should provide the list of all billionaires in Nigeria known to them and how they got to be wealthy. Based on submissions, the following deductions were made.

Group 1 Billionaires

Out of 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 known 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 labour 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 have held office but we couldn’t be certain, they are smart, grey and undefined and need to be more researched, decent enough but sufficiently grey to attract sidelong looks.

From the fore-going, 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 who do not manufacture one item, do not employ labour, 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 unfortunate 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 are the leaders, where then are the criminals?

The Nigerian Billionaires in this analysis are as follows in no particular order:

1. Anthony Elumelu
2. Jim Ovia
3. Enoch Adeboye
4. Afe Babalola
5. Tonye Cole
6. Femi Aluko
7. Seyi Makinde
8. Sanusi Lamido Sanusi
9. Igho Shanomi
10. Ibrahim Babangida
11. Amaechi Rotimi
12. Late Abba Kyari
13. Femi Otedola
14. Aliko Dangote
15. Bola Shagaya
16. Olusola Saraki
17. Dino Melaye
18. Yaya Bello
19. Nasiru 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. Abdusalami Abubakar
31. Adams Oshiomhole
32. Babatunde Raji Fashola
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

Arewa Agenda is a Publication of Young Writers from Northern Nigeria towards Peaceful Coexistence and National Development through positive narratives.

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