In an opinion piece, Suleiman A. Suleiman examines Nigeria's relationship with capitalism, arguing that it is often misunderstood and presented as inherently bad. He attributes this to the residual legacy of Nigerian Marxism and a religious ethos that sometimes views poverty as a moral trophy. The article notes that Nigerians tend to privilege money above all else and understand capitalism simply as personal accumulation of money, which explains why trading, rent-seeking, and briefcase contracts remain predominant forms of business. It also criticises the tendency to spend money primarily on luxury items such as mansions, expensive cars, and private jets.
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