Despite years of growth, Nigeria has also seen a huge increase in the number of people living in poverty. A new report condemns its failure to tackle this inequality, amid warnings that it could lead to civil unrest
At least 86 million people live in extreme poverty in Nigeria. The country’s richest man, Aliko Dangote, is said to earn 8,000 times more each day than a poor compatriot would spend on their basic needs in a year.
“Income inequality is one of Nigeria’s most serious but least talked about challenges,” says Matthew Page, formerly the US intelligence community’s leading expert on Africa’s biggest economy. “It is this disparity between rich and poor, more than poverty itself, that generates anti-government sentiment and could fuel civil unrest down the road.”