Economic Inequality in Nigeria – | In the news: data in the UK Data Service collection across the web | Scoop.it
Economic growth is meant to lead to economic development and to improve people’s welfare. It is expected to reduce existing levels of inequality. In Nigeria there is a division between the level of growth and development which results in a widening gap of inequality. Unequal redistribution is the core of the problem.
Economic inequality in Nigeria has reached extreme levels, despite being the largest economy in Africa. In 2016, the World Economic Forum ranked Nigeria 118 out of 144 countries in the Global Gender Gap report. In the poorest section of society, 75% of women do not attend school which is almost twice the share of men. Oxfam expects this to lead to extreme poverty and inequality, especially amongst women, for future generations.