Why income and wealth inequality matter, By Uddin Ifeanyi

The persistent underperformance of economic growth and development in Africa compared to the rest of the globe is intricately linked to income and wealth inequality. This disparity, often overlooked, acts as a major impediment to the continent's progress. The article challenges the prevailing narratives that emphasize the necessity of growth and development for Africa, as well as the presumed commitment of the continent's ruling elite to these goals. It posits that the answers derived from these assumptions are contingent upon the perspective taken towards the fundamental issue of inequality. By focusing on the structural causes and consequences of unequal distribution of wealth and income, the piece suggests a re-evaluation of development strategies. It implies that genuine and sustainable progress in Africa cannot be achieved without addressing the deep-seated inequalities that plague its economies and societies. The focus shifts from simply achieving growth to ensuring that such growth is inclusive and benefits the broader population.