A shocking revelation has emerged about the staggering wealth of four Nigerian billionaires, whose combined net worth is enough to cover the entire city of Lagos in N500 notes.
According to a recent report by Oxfam, the four billionaires – Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu, and Folorunsho Alakija – hold a significant portion of Nigeria’s wealth. “The total wealth of these four individuals is approximately $26.2 billion,” the report states.
To put this into perspective, if the combined wealth of these four billionaires were to be laid out in N500 notes, it would be enough to cover the entire city of Lagos, which is home to over 15 million people. “Imagine a city of over 15 million people covered in N500 notes. That’s the wealth of just four Nigerians.”
This staggering visual representation highlights the vast disparity in wealth distribution in Nigeria. “This is a clear indication of the level of inequality in the country,” says Tajudeen Olayinka, a financial analyst.
The report further reveals that the combined net worth of these four billionaires is equivalent to over 10% of Nigeria’s GDP. “This is a huge concentration of wealth in the hands of a few individuals,” says Olayinka.
As the Nigerian government continues to grapple with issues of poverty and economic development, this report serves as a stark reminder of the need for policies that promote greater economic equality and opportunity for all citizens.
