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Nigeria: ‘wealth Of These 5 Billionaires Can Wipe Out Extreme Poverty’ – Oxfarm - Celebrities - Nairaland

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Nigeria: ‘wealth Of These 5 Billionaires Can Wipe Out Extreme Poverty’ – Oxfarm by MistySHB: 3:33am On May 21, 2017
Nigeria is, in some ways, a rich country. The West African nation is a huge oil producer; the continent’s second-largest economy; and, in Lagos, has a bustling port city of over 20 million people with an economy bigger than many African countries.

But with almost 100 million people living on less than $1 per day, extreme poverty remains a major problem in Nigeria. Additionally, the Boko Haram insurgency has left around 5 million people in need of urgent food assistance; the U.N. considers the situation in northeast Nigeria to be at risk of escalating into famine.

But according to a report by Oxfam International published Wednesday, much of these problems could be solved if the country’s richest billionaires clubbed together and shared out their wealth. It would cost $24 billion to eradicate extreme poverty in Nigeria (defined by Oxfam as living on less than $1.90 per day), $5.9 billion less than the total wealth of Nigeria’s five richest people in 2016, according to the report. This extreme inequality, Oxfam has said, must motivate Nigerian leaders to tackle the problem.

Here are the 5 Billionaires who can collectively end poverty in Nigeria and their net worth>>http://www.shzboxtoday.net/nigeria-wealth-5-billionaires-can-wipe-extreme-poverty-oxfarm/

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