The Inequality report released by Oxfam International on Wednesday, revealed that the combined wealth of five richest Nigerians, put at $29.9 billion, could end extreme poverty in the country.

The report, entitled ‘Inequality in Nigeria, Exploring the Drivers and obtained in Abuja, exposed the large and growing gap between the rich and poor in Nigeria.

It revealed that the benefits of the nation’s economic growth had been captured by a few wealthy elite at the expense of the ordinary Nigerians.

According to the report, the economic inequality is a key factor in the conflict in the North-Eastern states of the country.

Oxfam International also disclosed that Nigeria’s richest man earned 8,000 times more in one day than a poor Nigerian would spend on basic needs in a year.

It said that more than 112 million people were living in poverty in Nigeria, yet the country’s richest man spent one million dollars a day for 42 years to exhaust his fortune.

According to the report, Nigeria is one of the few countries where the number of people living in poverty is on the increase despite the growth of the economy.

According to the report, public office holders steal estimated 20 trillion dollars from the treasury between 1960 and 2005, while multinational companies receive tax incentives estimated at 2.9 billion dollars a year.

Did you say five or one?.

Wicked souls many of them.

I am sure that the five must have taken advantage of the poor to make their wealth.

The irony is, anyone fighting to redress the injustice (like Buhari trying to bring looters to justice) will be opposed by the same poverty-stricken poor in defense of their oppressors for a peanut.

Una never chee chomthing

I don't think so, poverty is more of a mentality. We've seen instances where someone was given N5 million, the first thing he bought was a N2.5 million car, he later realized the remaining N2.5 million will not be sufficient for the business he intends to do and decide to tarry a while maybe he'll get more.

He started taking out of the remaining N2.5 million till he exhausted everything.