What Happened to the Nigerian Middle Class?
By Teslim Oyetunji The middle class, it is believed, is the backbone of any modern capitalist economy. It is the engine because it comprises a class of men and women who provide the grit, labour, and industry needed to catalyze development. Its disappearance from any society often marks the end of a prosperous era—the beginning of decline and, in many cases, total collapse. It is against this backdrop that one must ask: what happened to the Nigerian middle class? Nigeria’s story in 2025 is an especially sad commentary on how a promising country, with a strongly emerging middle-class economy in the 1960s, could lose it all. In 1960, the country had just gained independence. Young, nascent, vibrant, and lusty, Nigeria was brimming with hope and expectations. There was a wave of economic and public investment that saw the rise of an emerging middle class. With a strong export-oriented economy, the country was chafing to produce. Universities were springing up. Many Nigerians ...