About half of the world’s population today lives on equivalent of about $2 per day when the global grate was 3.1% in 2016. Unfortunately, as at 2018, nearly 2.2 billion people live below the poverty line of US$2 which is regarded as the threshold for extreme poverty
- The richest 20% of the world’s population enjoys about 83% of the total global income where the poorest 20 % receives 1%.
· In recent years, this concentration of wealth has become increasingly extreme, with 1% of the richest people in the world owning $110 trillion - 65 times the total wealth of the bottom half of the world’s population.
· About 2000 richest people in the world in 2016 had wealth gain of about US$750 billion. If they were to stay where they were in the 2016 (without any further increase in their wealth) and this amount is distributed to the extreme poor that will be sufficient to wipe out extreme poverty from the face of the earth.....
Click on this link to download the full speech.
You can also download the Executive director's (Prof. Ufo Okeke Uzodike) speech here.