The report on inequality published by Oxfam International revealed that the combined wealth of five wealthiest Nigerians, $ 29.9 billion, could put an end to extreme poverty in the country.
The organization revealed that the benefits of the nation's economic growth had been exploited by some wealthy elites to the detriment of ordinary Nigerians.
Economic inequality is a key factor in the conflict in the north-east of the country.
The report notes that in Nigeria:
· The richest man in the country wins in a day 8,000 times more than a poor Nigerian spends on his basic needs for a year
· More than 112 million people live in poverty
. The richest man in the country should spend $ 1 million a day for 42 years to exhaust his fortune
· From 2004 to 2010, the number of people living in poverty increased from 69 to 112 million, an increase of 69%; and the number of millionaires increased by 44%.
Women are the most represented in low-skilled and low-paying jobs.
Women account for 60-79% of Nigeria's rural workforce. They are five times less likely to own their own land than men.
More than 75% of the poorest women have never been to school.
The poor can not benefit from the wealth of the country because of corruption and the excessive influence of large corporations and the rich on the development of government policies.
According to the United Nations Office for the Coordination of Humanitarian Affairs, more than 4.8 million people in northeastern Nigeria are experiencing serious
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