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Breaking: 99.4 % Of Bank Accounts In Nigeria Contain Less Than N500,000 ($800). - Politics (2) - Nairaland

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Re: Breaking: 99.4 % Of Bank Accounts In Nigeria Contain Less Than N500,000 ($800). by ekesol: 6:15pm On Oct 27, 2021
Elbinawi:
Breaking: 99.4 % of bank accounts in Nigeria contain less than N500,000 ($800).
- NDIC

Mee:

This is worrisome and underlined the prevalence of extreme poverty under the genocidal Buhari regime. Only 5% of individual Bank accounts in Nigeria has N500,000 ($800).

With this statistic by the Bank regulatory body, it is not an understatement to declare that presently Nigerians are extremely poor.

And it was in the midst of this extreme poverty and hunger that Buhari's jobless son recently distributed iPhone13 and iPad as souvenirs in his wedding. The most expensive and extravagant wedding in the history of Nigeria.

#ElbinawiTweets



That is not what the NDIC said don't misquote them.
They said about 95% of account owners would inherit less than #500,000 should the bank default.
Formerly was #50,000 but was upgraded to #500,000, Maximum default benefit
Re: Breaking: 99.4 % Of Bank Accounts In Nigeria Contain Less Than N500,000 ($800). by Perfectbeing(m): 6:30pm On Oct 27, 2021
So you mean even those thousands of our brothers from the East that some people claim some of them are richer than Dangote don't have up to N500k in their account..?

Some people here will come and say they don't save their money in the bank that's why..

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Re: Breaking: 99.4 % Of Bank Accounts In Nigeria Contain Less Than N500,000 ($800). by Perfectbeing(m): 6:38pm On Oct 27, 2021
According to stats, there are about 111 million bank account users in Nigeria.
If according to the OP, 99.4% of them don't have 500k in their account, it means only 0.6% have 500k and above.. That means on 666,000 people in Nigeria has 500k and above.

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