So all dis money wey una dey spend... Where una dey see am from?

SarkinYarki:
That's why if I see nay idiot in Lagos shouting do u know me I start laughing

Majority of Nigerians are broke and doing borrow pose.

Your own na to de check people account to know how much wey de dia so dat una go carry efcc come begin ask useless question

*chuckle*

This is poverty

Work your way out of it

zainabicy:
Please note that having money in your account is different from your worth. Many salary earners who earn top salaries are involved in building projects e.t.c and other businesses that means you just keeping money in your account might not be worth it.

So no be say people no get money o, but them no just dey keep am for account.

Bros' forget that level abeg. We are talking about just N500,000 naira here. And I think all of that have been put into consideration.....it should not be that bad not to have upto N500,000 in yhur account no matter the investment.

It is just like not having upto N1 in yhur simcard simply because yhu do make alot of calls. lols

I hope yhu understand my point though.

Moreover

Naira no get value again.

Most ppl prefer their money in commodities,goods,monuments,shares etc


Once money pass 500k for account most ppl start to panic because that money go soon lose value. 500k in say may is about 300k in value now.

A carton of smart perfume spray in May was about 38k but now it's over 50k.. what it means is that in April,380k would get u 10cts of the spray.. but now u will need over 500k for same qty now.. Get the drift now?

So that's why ppl prefer to have their money in alternative form.



Inflation!

SmartPolician:
99% is an alarming percentage! Damn it! Forget all the packaging, Nigerians are really poor! cry

But then, I think enlightened Nigerians are increasingly saving their money in USD and other stablecoins because naira is on free fall.

Despite that, it doesn't negate the fact that Nigerians are living on the breadline.

Money in the bank ain't shitt.

Nigerians are living to survive.

We may not have much to save, buh we ain't begging shitt from buhari.

Come December, I'll be at a Lagos beach celebrating myself.

Hahaha

U guys can now see why the official inequality index Gini coefficient for Nigeria does reflect the true realistic figure.

This is inaccurate

zainabicy:
Please note that having money in your account is different from your worth. Many salary earners who earn top salaries are involved in building projects e.t.c and other businesses that means you just keeping money in your account might not be worth it.

So no be say people no get money o, but them no just dey keep am for account.

Did you hear the cut off amount ? A person building must have N500k in his account.

Ordinary N500,000 ??

Haba, somebody building a house can spend N500,000 on a construction site in one day.

These items supplies to site in one day is over N500,000.

2 trips of sand is N34,000.

2,000 blocks is N400,000 depending on block size.

20 bags of cement is N70,000.

Is that not N504,000

Don't make example with things you haven't involved in.

Workmanship and stone no follow.

incredible

Esseite:
It's a shame to even say 99.4% of your citizens dont have upto $1,000. How then are you fighting corruption, insecurity, out of school children and vote buying?

The quickest and effective way out is to introduce the mortgage system to the middle and lower class.

Their wicked heart will not allow it,

Little wonder Nigeria is one of the few countries that doesn't operate credit card system

Buhari and APC only came to steal, to kill and to destroy. Satanic agenda and nothing more. They have succeeded in improverishing Nigerians. Now they are strategizing on how to Continue in 2023. Nigerians should use their senses and reject them and PDP . We have credible and capable Nigerians across the length and breadth of this country all they want is our votes.

He's just an idiot that hardly understand even most simple write up but would rush to contribute and good for him that he has some jobless bastard too that always give him likes despite the fact the all his contribution never made a single sense. Some people are just delinquent in intelligent and they ain't far fetched to know where they originated from.It is a pity and a calamity to be half educated. Everything you see seems like a contest and a fight you must win.

SmartPolician:


Oga, you need to grow up and stop promoting tribalism here. What do you typically gain from doing this every day?

thebosstrevor1:
The headline is misleading.

What is written in the headline is different from the content

The content of the article didn't say 99.4% Of Bank accounts contain less than 500k

What was written was that 99.4% of Bank accounts are insured and that the N500,000 insurance coverage limit fully covered 99.4% of depositors incase any bank goes bankrupt.

Thank you. The only other sensible person on this platform. How can anyone actually believe this rubbish title.

And they'll be here in Nairaland insulting everybody and claiming to be who they are not.

Buhari welldone!

Ogaboss44:
Nigerians and misinterpretation, not having up to 500k in your bank account doesn't mean you are poor.

Some Nigerians prefer mobile banks, some are into crypto investment like block chain, while some prefer street ways of saving money(if you know what I mean)

Ogaboss the jamb regirar, statistics don't lie... wherever you live look around you.

You can find heavy poverty around you.

agnes7:
And they'll be here in Nairaland insulting everybody and claiming to be who they are not.

You're also part of the 99.4%

You are just an idiot that hardly understand even most simple write up but would rather rush to contribute and good for you that you have some jobless bastard like you that always give you likes despite the fact the all your contribution never made a single sense. You people are just delinquent in intelligent and your type ain't far fetched to know where they originated from.It is a pity and a calamity to be half educated. Everything you see seems like a contest and a fight you must win. Grow up at least even though you are destined to be a fool forever.



quote author=PrinceOfLagos post=107107429]
Na packaging full Lagos

Chinedu in ABA get money pass Rashidi in Lagos [/quote]

Another remarkable achievement of president Buhari led administration.
This is what next levels means according to APC.

TheRareGem1:


https://www.vanguardngr.com/2021/10/just-in-99-4-of-bank-accounts-contain-less-than-n500000-ndic/

People are actually wiser now..,they rather invest their money acquiring properties..

zainabicy:
Please note that having money in your account is different from your worth. Many salary earners who earn top salaries are involved in building projects e.t.c and other businesses that means you just keeping money in your account might not be worth it.

So no be say people no get money o, but them no just dey keep am for account.

The ability to muster up liquid assets (cash) quickly is also telling of a person's financial well being. You don't want to be looking for a buyer for your land if a severe sickness hits. Or children need to pay high fees.

Most of us are a sickness away from being bankrupt.

May God help us.

I don't believe this shit

Why should we keep money in accounts when naira is going down, banks are eating us dry and government is taking stamp duty from US... Only an idiot will keep naira in banks.

Me personally I have my money stored in laptops I sell and the others invested in crypto currencies, stable coins, dollars and land purchases.

I have 50k in naira account and I am OK with that

How fast NDIC has forgotten that Nigeria is the headquarters of poverty globally?

Pathetic and our government are supposedly eradicating poverty
Consumer products goin relatively high
But stagnant income

Na wa. See better poverty index.

Did you check their crypto wallet?

PrinceOfLagos:

Na packaging full Lagos

Chinedu in ABA get money pass Rashidi in Lagos

u av never talk sensible thing in ur life