Money Moves January 15, 2020 at 01:00 pm

A few billionaires and millions of hungry people: These are Africa’s seven most unequal nations

Nii Ntreh January 15, 2020 at 01:00 pm

January 15, 2020 at 01:00 pm | Money Moves

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Lagos in Nigeria is a city that tells the tales of the extremely rich and extremely poor alike. Photo Credit: Lagostelevision.com

Nigeria

Nigeria is the most populous country on the continent. But Nigeria’s richest man, Aliko Dangote, earns 8,000 times more in a day than the poor Nigerians can spend on basic needs in a year.

Indeed, the country’s budget of 2017 was not enough to reach the combined wealth of Nigeria’s five richest people.

Over 110 million Nigerians live in poverty despite rapid macroeconomic growth over the last decade.

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