Affluence and Underdevelopment: the Nigerian Experience

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Abstract
There is a well-known story that is regularly acted out in many countries of the world. An individual suddenly wins a large fortune – from a lottery or horse race – and is catapulted from rags to riches. After a few years of dissipation, the money has been squandered, the physical and mental health of the nouveau riche broken, and the glorious future of unlimited possibilities constricted into a bleak vista of regret and recrimination. At the moment of exhilaration, what the person concerned – understandably enough – failed to recognise was that the danger such sudden wealth represented was no less great than the dazzling promise.

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