Discover the intricate web of factors behind the wealth disparity in Nigeria as we delve into the root causes of this pressing issue. In this thought-provoking article, we will unravel the different aspects that contribute to the wide gap between the rich and the poor in Africa's largest economy.
Historical background and context of wealth disparity

Nigeria's history plays a significant role in understanding the origin of wealth disparity. The country's colonial past has left a lasting impact on its socio-economic structure. During the colonial era, Nigeria's resources were ruthlessly exploited by foreign powers, leading to a skewed distribution of wealth. The legacy of colonization created a system where a small elite class controlled a majority of the country's wealth, leaving the majority of the population in poverty.

Furthermore, Nigeria's independence in 1960 did not bring about the expected redistribution of wealth. Instead, the concentration of power and resources continued, with political leaders and their cronies amassing vast fortunes through corrupt practices. This historical context sets the stage for the deep-rooted wealth disparity in Nigeria. https://medium.com/@dominionglobaltechco/finding-japans-monetary-scene-a-mix-of-custom-and-development-a075ecef758d