28.1 C
Abuja

Report reveals Dangote, Bill Gates, others, richer than 4.6 billion people combined

Advertisementspot_img

Related

1min read

WORLD billionaires including Bill Gates, Warren Buffet, Aliko Dangote, Jeff Bezos, Mark Zuckerberg and others controlled more wealth than 4.6 billion people in the world combined in 2019, a report released on Monday by Oxfam has revealed.

Oxfam in the report released ahead of the annual World Economic Forum of political and business leaders in Davos, Switzerland, noted that women around the world work 12.5 billion hours combined each day without pay or recognition.

In its ‘’Time to Care’’ report, the humanitarian organisation said it estimated that unpaid care work by women added at least 10.8 trillion dollars a year in value to the world economy-three times more than the tech industry.

Reuters quoted Amitabh Behar, CEO of Oxfam India as describing the underpaid care work of women as the engine room of the economy.

“It is important for us to underscore that the hidden engine of the economy that we see is really the unpaid care work of women. And that needs to change,” Behar said.

While highlighting the level of inequality in the global economy, he cited the case of a woman called Buchu Devi in India who spends 16 to 17 hours a day doing work like fetching water after trekking 3km, cooking, preparing her children for school and working in a poorly paid job.

“And on the one hand, you see the billionaires who are all assembling at Davos with their personal planes, personal jets, super-rich lifestyles,” he said.

- Advertisement -

“This Buchu Devi is not one person. In India, you encounter these women on a daily basis, and this is the story across the world. We need to change this, and certainly, end this billionaire boom.”

Behar said that to remedy this, governments should make sure above all that the rich pay their taxes, which should then be used to pay for amenities such as clean water, healthcare and better quality schools.

“If you just look around the world, more than 30 countries are seeing protests. People are on the street and what are they saying? – That they are not to accept this inequality, they are not going to live with this kind of condition,” he said.

 

Support the ICIR

We need your support to produce excellent
journalism at all times.

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.

Advertisementspot_img

Recent

Auditor’s-General Report: Stakeholders urge quick passage of Audit Law

STAKEHOLDERS on a radio program in Abuja have condemned the massive corruption report of...

Under Buhari’s Watch: Veterinary Council failed to remit N480 million in two years – Auditor-General’s Report

THE Veterinary Council of Nigeria failed to remit N480 million to the federal government's...

Drug importation: Court adjourns trial against 7 Indians, others till Jan 21

A Federal High Court in Ikoyi, Lagos, has adjourned till tomorrow, January 21, hearing...

Future Today Institute launches survey on journalism’s future

THE Future Today Institute (FTI) invites journalists worldwide to its Global Survey on the Future...

Missing arms not peculiar to Police alone -Wase

DEPUTY Speaker of the House Of Representatives Idris Wase said the issue of missing...
Advertisement

Most Read

Advertisement

Subscribe to our newsletter

Advertisement