In a recent interview on TVC News, political analyst and retired federal director Dr. Akin Fapohunda delivered a candid critique of the ostentatious display of wealth by some political actors in Nigeria, arguing that material excess often masks a lack of productive contribution to society. Speaking during the programme, Fapohunda highlighted the disconnect between personal enrichment and genuine economic achievement, particularly among prominent political figures.
He remarked that “Wike Told Okinbaloye he bought Rolls Royce of N1 billion, he doesn’t have oil well, factory”, using the statement to illustrate how certain individuals accumulate wealth through means unrelated to productive enterprise or investment in the real economy. According to him, such displays of luxury not only mislead the public about personal capability but also distort perceptions of political success and governance.
Dr. Fapohunda explained that the obsession with flashy assets reflects deeper structural issues within Nigeria’s political and economic systems, where influence, office, and connections often determine wealth more than entrepreneurship or innovation. He argued that this dynamic erodes public trust, as citizens see leaders enjoying opulence without visible contributions to industrial growth, job creation, or community development.
The analyst further emphasized that governance should be measured by tangible achievements rather than extravagant possessions. He noted that political leaders must be held accountable for how wealth is acquired and used, stressing that transparency and productive investment are critical to building a credible and sustainable political system.
Dr. Fapohunda warned that until Nigerians demand accountability over both public and private displays of wealth by politicians, the culture of ostentation will continue to overshadow competence and public service. He further stated that leaders should focus on creating industries, developing resources, and generating employment rather than relying on symbols of status, as true leadership is defined by value produced for society, not by the luxury they flaunt.
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