“Plutocracy is a government controlled exclusively by the wealthy, either directly or indirectly. Only the wealthy rules...” - Investopedia Nigeria is an example of a plutocratic system of governance.
In fact, it will be easier for a Camel to pass through the eye of a needle than for a poor man to win an election in Nigeria.
Well, Senate President Lawan, one of the Nigerian plutocrats, stated recently that Nigeria didn’t become a failed state under Jonathan, and so, it won’t be a failed state under Buhari.