A new index published today by Oxfam on the commitment by governments to reduce the gap between the rich and poor has placed Nigeria at the bottom of the table at 152nd of the countries measured.
The report states: “In 2015, the leaders of 193 governments promised to reduce inequality as part of the Sustainable Development Goals (SDGs). Without reducing inequality, meeting the SDG to eliminate poverty will be impossible. Now Development Finance International and Oxfam have produced the first index to measure the commitment of governments to reducing the gap between the rich and the poor.
“The Commitment to Reducing Inequality Index uses a new database of indicators covering 152 countries, which measures government action on social spending, tax and labour rights – three areas found to be critical to reducing inequality.”
On the country at the bottom of the table, the report says: “Nigeria comes at the bottom of the CRI out of 152 countries. It has the worst ranking on social spending, and does very poorly on taxation and labour rights. Oxfam has shown that five Nigerian men have enough wealth to end extreme poverty in the country. This deep inequality is a product of policies that exclude the majority from the beginning: a culture of patriarchy, cronyism, the multiple and heavy taxation of the poor while big multinationals evade tax, high prohibitive costs of governance, weak policy implementation, elite capture and a poor budgeting system. Despite being middle income, areas of Nigeria remain desperately poor, including the north of the country and the oil-rich far south. From 1999 to date, Nigeria has made over $700bn from oil, but 69% of the population still live on less than $1.25 per day (NBS 2011). 10 million Nigerian children are out of school, and 1 in 10 children die before their 5th birthday. Oxfam has recently published a detailed country report on inequality in Nigeria, which can be found below”:
Oxfam is an international confederation of charitable organisations focused on the alleviation of global poverty.