The recent appearance of Nyesom Wike, Minister of the Federal Capital Territory (FCT), in a €2,125 Versace denim coat has stirred significant reactions on social media. The coat, equivalent to over ₦3.4 million at the Central Bank of Nigeria (CBN) rate, was highlighted by netizens following images surfacing online on July 1, 2024.
Critics pointed out the contrast between the lavish expenditure and the economic hardships faced by many Nigerians. Comments such as “This outfit alone can pay about 141 people’s minimum wage in Nigeria at ₦30,000” reflected the frustration with perceived insensitivity to the public’s financial struggles. Other users noted that the cost of the coat could cover startup funds for multiple small businesses.
Defenders of Wike argued that public officials are entitled to personal luxuries, emphasizing that politicians should not be expected to dress modestly simply because of their public roles. Some comments suggested that focusing on Wike’s clothing distracts from more critical issues of governance and accountability.
The incident has sparked broader discussions on social media about wealth, public service, and the responsibilities of government officials in demonstrating economic empathy and transparency. As debates continue, the Versace coat serves as a symbol of the ongoing dialogue about economic disparity and the public’s perception of their leaders.