Democracy or Plutocracy

Democracy or Plutocracy?

Why Money Has Become the Gatekeeper of Political Power in Nigeria

Nigeria proudly celebrates Democracy Day every June 12, honouring the sacrifices made to secure the people's right to choose their leaders.

Yet an uncomfortable question remains:

Is Nigeria still a democracy, or has it gradually become a plutocracy—a system where political power belongs mainly to those with deep pockets?

In this thought-provoking and timely book, Franklin O. Adebayo explores how the rising cost of politics has created barriers that prevent many qualified Nigerians from participating in governance. From expensive nomination forms and campaign financing to political godfatherism and financial influence, the book reveals how competence is often overshadowed by wealth.

Through practical examples, compelling stories, and insightful analysis, readers will discover:

• Why many capable Nigerians never contest elections

• How money influences political participation

• The hidden economic cost of expensive politics

• The impact on young people and future leaders

• Why democracy suffers when merit takes a back seat

• Practical reforms that can strengthen Nigeria's democratic system

This book is not an attack on any political party or individual. It is a call for reflection, reform, and a renewed commitment to a democracy where ideas, competence, and service matter more than financial strength.

As Nigeria looks toward the future, one question demands an answer:

Will leadership continue to be reserved for the wealthy, or can democracy become truly accessible to all qualified citizens?

A must-read for voters, students, professionals, political observers, aspiring leaders, and every Nigerian who believes in a better future