 Oxfam in Nigeria together with other civil society groups have blamed the extreme poverty in Nigeria on high level corruption in the system. They argue that a society that locates 18% of its entire 2024 budget to tax incentives to corporate entities is not serious in addressing economic inequalities in the country. Today, as business elites gather in the Swiss resort town of Davos, Oxfam Nigeria together with other civil society groups have condemned the disparity in wealth between the rich and the poor in the country. According to the recent Oxfam manual inequality report, Africa's seven richest men own more wealth, amounting to 52 billion dollars than the 700 million people who make up the poorest of half of the continent. The country director Tijani Hamza are made, made this breakdown while blaming the political leadership for prioritising providing economic advantages to the super rich through tax exemptions while the struggling to provide crucial basic necessities of life to the poor and indigent in the society. In December 2023, we understood the Nigeria Investment Promotion Commission said that approved tax qualities for 34 companies seeking tax incentives and women under the industrial development income tax act of 2023. Among the beneficiaries are of course the union suspects. Note that these companies enjoy these companies under the pioneer status regime in a way to incentivise and stimulate those companies through a three to five year argument of not paying corporate income tax which has over the years committed to about five trillion Naira and 18.519 percent of the 2024 federal government of Nigeria. Other civil society groups present also took a swipe at the country's leadership, blaming them for lacking the political will to deal with the fundamental cause of poverty. that we have in Nigeria. There's no reason why because you have interest in the company, because you have interest in any company, you will go and give five year tax quality and there's no monitoring of the commitments that is supposed to go along with it, which is to say that it will give you tax quality for five years. You should do the social corporate responsibility to help in terms of education, healthcare system and infrastructure. Nobody will talk whatever those corporate agencies or entities or companies are doing with that. So we are using a good amount of money simply because of corruption. Today we're dealing with a few people who are capturing this place and also might lead to anarchy because if inequality persists one will have this anarchy. Today the Nigerian people cannot enjoy sadistic people or social illnesses. Over five trillion Naira was given as tax tax. This is unacceptable. While the federal government is saying they cannot meet budgets behind and we're going to borrow knowing that Nigeria is currently carrying net poverty and yet we're giving tax incentives for people who are profiting in billions of dollars within our economy. No, this is unacceptable.