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Nigeria is seen as Africa’s largest economy and one of the fastest-growing in the world. Yet, more than half of the Nigerian population still grapple with extreme poverty, while a small elite enjoys ever-growing wealth.
The disparity is such that the amount of money that the richest Nigerian man can earn annually from his wealth is sufficient to lift 2 million people out of poverty for one year.
This report provides a picture of the current state of poverty and economic inequality in Nigeria, identifies the main drivers of this situation and presents some policy solutions.