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Tuesday, 9 July 2019

Oxfam: 69% of Nigerians Living below Poverty Line

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A new report launched on Tuesday in Abuja by Oxfam has revealed that 69 per cent of Nigerians are living below the poverty line.
Oxfam is a confederation of 20 independent charitable organisations focusing on the alleviation of global poverty.

The report also revealed that Nigeria ranks 125 out of 145 countries on gender Inequality Index, adding that government at national and sub-national level is exacerbating inequality by under-funding public service, such as healthcare, education, water and sanitation and women's empowerment.

Oxfam in Nigeria Interim Country Director, Mr. Constant Tchona, who disclosed this at the launch of the first regional report on Commitment to Reducing Inequality Index (CRII),  by Oxfam in West Africa and Development Finance International and the Office of Senior Special Adviser to the President on Sustainable Development Goals (OSSAP SDGs).

He said that the index measures of the report compared and ranks West Africa governments' commitment on three pillars; public spending; Taxation and Labour markets.

According to the report, "The index reveals that 69 per cent of Nigerians are living below the poverty line. The report also reveals that Nigeria ranks 125 out of 145 countries on gender inequality index."
The report revealed that with a population of  over 200 million, this reality undoubtedly represents a society with an outrageously lopsided democratic and economic structure that favours and serves the interests  of only a few.
It pointed out that  Nigeria runs the most expensive governments in the world, with an over bloated civil service, government advisers and aides, whose salaries are often very high.
To further compound this, the report noted that the Nigerian legislature is reported to be one of the highest paid in the world, paid to preside over the lives of a large majority of Nigerians living in abject poverty.

The report showed further that the scale of inequality in Nigeria was such that while 75 per cent of registered businesses, including those run by the elite do not pay tax, the lower classes cannot escape arbitrary taxation, sometimes with blatant disregard for their human rights.

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The report added that with the misapplication of resources  and priorities, economic growth in Nigeria has not created meaningful opportunities and employment as many of the country's youth, including those with university degrees are currently unemployed.
The report pointed out that extreme inequality hinders economic growth and stifles social mobility, while it also fuels crime and violent conflict.


It stressed that inequality is a catalyst for social tensions within communities, with citizens' frustrations spilling to increase crime rates and violence in various forms.

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The report explained that the multifaceted trajectory of corruption in Nigeria has been severally attributed to as one of the major factors that deepen inequality Nigeria.

On  the federal government can end inequality, the report noted, "There is an urgent need to critically examine the culture of governance and break the policies and norms that sustain the concentration of wealth and income at the top, to forestall the self-perpetuating cycle of inequality that subjugates many and sustain poverty in Nigeria.
"Economic policies and development strategies should be formulated in a participatory manner and they should have at the core reducing inequality as a key principle.
"Take urgent actions to bring down the cost of governance. It is unacceptable that a large percentage of the budget goes to paying fat remuneration to a small number of public office holders, resources that could improve the living standards of Nigerians by funding healthcare, education as well as the provision of water and sanitation to millions of Nigerians."

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