THERE ONCE WAS A NIGERIAN DREAM almost like the American Dream, and Dapo and Bola Thomas shared it. They had a bounding faith in the future of Africa's most populous, proud and pugnacious country. They believed that by earning university degrees, finding good jobs and working hard, they would live better than their parents had, and their own children would do better still.
That dream has vanished in a nightmare of relentless inflation and widespread shortages. Dapo, a 33-year-old journalist, lost his job several months ago and cannot find a new one. The fees at his four-year-old son's religious school have...