Three Men In Nigeria Richer Than 83m Citizens – Oxfam
The latest report released by an international confederation against poverty, Oxfam, has shown that the three most rich men in Nigeria have more wealth than 83 million citizens.
The global inequality report was released at the start of the annual World Economic Forum, WEF, meeting in Davos, Switzerland, on Monday.
According to the report titled, ‘survival of the richest’, Oxfam said the wealth of billionaires in Nigeria has grown by a third since the start of COVID-19 pandemic without a corresponding increase in health budgets.
It also stated that the richest 0.003 percent of Nigerians (6,355 individuals worth $5 million and above) have 1.4 times more wealth than 107 million of the country’s citizens.
Oxfam said a wealth tax of 2 percent on the millionaires, 3 perce...