African countries are often portrayed in the media as desperately poor but some of its citizens are extremely rich. Nigeria's super rich are no strangers to conspicuous consumption, and there's no better way to flaunt your wealth than by buying a brand new European sports car. "German car maker Porsche officially opened a new car dealership on Friday in the heart of Lagos' wealthiest district, Victoria Island, a place with one of the world's highest concentrations of millionaires. .... The oil wealth of Africa's biggest producer has made multi-millionaires of its elite in the past few decades, even while absolute poverty has increased to 60 per cent of the population." (Reuters, 21 March) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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