2 Nigerians Can Lift 63 million Nigerians Out Of Poverty – Report

2 Nigerians Can Lift 63 million Nigerians Out Of Poverty - Report

Two Nigerians have been reported to have the capacity to lift 63 million Nigerians out of poverty.

According to a report released by Oxfam in Nigeria, Dangote and Adenuga can lift 63m Nigerians out of Poverty with their N8.33tn wealth. World Poverty Clock puts the total number of Nigerians living in poverty at 88.3 million.

President of Dangote Group, Alhaji Aliko Dangote, and Chairman of Globacom, Mr Mike Adenuga have been discovered to be richer than 63 million Nigerians put together.

The Country Director of Oxfam in Nigeria, Dr. Vincent Ahonsi expressed disappointment about the widening rate of income inequality. He said: “It is disappointing that the two richest billionaires in Nigeria have more wealth than the bottom 63 million Nigerians.

He said, “It is a remarkable surge in wealth at the very top of the society, which has not impacted positively on the majority.”

Ahonsi continues: “It is now a moral burden on billionaires to invest more on social goods including water and sanitation, education, food security, health and social infrastructure as part of their corporate social responsibilities for a just post-pandemic recovery.

“We can end inequality and it is a moral duty for the billionaires and corporations to play their part to end hunger, disease and poverty.”


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