{"id":134211,"date":"2019-07-09T15:48:09","date_gmt":"2019-07-09T14:48:09","guid":{"rendered":"https:\/\/arewa.ng\/?p=134211"},"modified":"2019-07-09T15:48:36","modified_gmt":"2019-07-09T14:48:36","slug":"combined-wealth-of-nigerias-five-richest-men-29-9-billion-more-than-nigerian-governments-2017-budget-oxfam-report","status":"publish","type":"post","link":"https:\/\/arewa.ng\/?p=134211","title":{"rendered":"Combined Wealth Of Nigeria&#8217;s Five Richest Men, $29.9 billion, More Than Nigerian Government&#8217;s 2017 Budget -Oxfam Report"},"content":{"rendered":"<div><span class=\"ds-1col file file-image file-image-jpeg view-mode-embedded centered clearfix block-story-object block-story-object-resource block-story-object-resource-image\"><br \/>\n<span class=\"block-story-object-asset\"><img decoding=\"async\" class=\"media-element file-embedded\" typeof=\"foaf:Image\" src=\"http:\/\/arewa.ng\/wp-content\/uploads\/2019\/07\/Combined-Wealth-Of-Nigerias-Five-Richest-Men-29.9-billion-More-Than-Nigerian-Governments-2017-Budget-Oxfam-Report.jpg\" alt=\"\"><\/span><br \/>\n<\/span><\/p>\n<p><span class=\"container container-pod container-pod-short\"><span class=\"adunit-parent hide block-module block-module-ad block-module-ad-300x250\"><span class=\"block-module-image-wrapper\"><\/span><\/span><\/span><\/p>\n<p>The aid charity Oxfam says that inequality is at crisis levels in West Africa but accuses many governments in the region of ignoring the issue, despite economic growth.<\/p>\n<p>A report, co-authored with financial consultancy Development Finance International, ranks West African countries on their commitment to public spending, taxation and labour markets.<\/p>\n<p>The authors cite several eye-catching statistics highlighting the state of inequality.<\/p>\n<p>They say the &#8220;wealthiest 1% of West Africans own more than everyone else in the region combined&#8221;.<\/p>\n<p>The report also says that the combined wealth of Nigeria&#8217;s five richest men &#8211; $29.9bn (\u00a324bn) &#8211; is more than their government&#8217;s budget in 2017.<\/p>\n<p>Overall, the authors found that the three countries most committed to reducing inequality were Cape Verde, Mauritania and Senegal.<\/p>\n<p>The least committed were Niger, Sierra Leone and Nigeria, the BBC reports.<\/p>\n<p>To address the problems &#8220;West African governments must promote progressive taxation, boost social spending, strengthen labour market protection, invest in agriculture and strengthen land rights for smallholder farmers,&#8221; Oxfam&#8217;s Adama Coulibaly said.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The aid charity Oxfam says that inequality is at crisis levels in West Africa but accuses many governments in the region of ignoring the issue, despite economic growth. A report, co-authored with financial consultancy Development Finance International, ranks West African countries on their commitment to public spending, taxation and labour markets. The authors cite several [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":134212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[12699,12698],"class_list":["post-134211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-inequality","tag-oxfam"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/134211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134211"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/134211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/134212"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}