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Nairaland Forum / Nairaland / General / Business / About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC (35115 Views)
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Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by pacespot(m): 8:12pm On Oct 31, 2021 |
The little that they get, they like to show it off on social media to confuse others who want to be like them. Nigerians are neither saving money nor investing it 2 Likes |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by jezdougstone: 8:17pm On Oct 31, 2021 |
Please contact for your Cyprus and Ukraine study visa. jezdougstone@gmail.com |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by godofuck231: 8:23pm On Oct 31, 2021 |
Toilet paper |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Gbagura: 8:29pm On Oct 31, 2021 |
PrinceOfLagos:Always passionate about his igbo brethrens. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Gbagura: 8:31pm On Oct 31, 2021 |
SmartPolician:The idiot is a spoilt brat somewhere eating his mama Akpu. Na one stupid boy. Leave him |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by samwillyco1(m): 8:36pm On Oct 31, 2021 |
My account has less than 500 Naira in it, I could have withdrawn it, if it was up to 500 Naira using ATM |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by calcal: 8:38pm On Oct 31, 2021 |
Esseite: From paycheck to paycheck, it is normal, it is world wide practice WWP. Capitalism is designed like that and that's is why no government on earth wants the crypto to stay. 1 Like |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by somehow: 8:54pm On Oct 31, 2021 |
Why should any sane person save money in the bank? |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Curvinus(m): 9:04pm On Oct 31, 2021 |
I think the NDIC MD according to this report is trying to allay the fears and concerns of depositors about whether the NDIC has capacity to cover the deposits in all bank accounts up to the tune of 500k. To this end, the MD said about 99.4 percent of bank accounts have less than 500k in them, meaning that covering these accounts with miserly sums domiciled in them will not constitute any problem for the NDIC. So, the assertion that 99.4 of bank account holders in this country have less than 500k in their accounts is very correct. It is really a pitiable situation which shows how degradingly poor majority of Nigerians are at the moment. This why you see many empty houses all over the place mostly in big cities because only the few people who have access to public funds can afford to build these houses, while the vast majority of the people are clustered in slums and outskirts of the city. It is what you have in Abuja with most people living along the Abuja/Keffi Nasarawa axis while decent accommodations in estates within the city centre, away from the endless traffic gridlocks and absence of basic infrastructures remain empty with no occupants. 3 Likes |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Validated: 9:08pm On Oct 31, 2021 |
Description % Total Total Population 100 200,000,000 Children 40 80,000,000 Eligible Accounts holders 60 120,000,000 Those with N500K and above 0.6 720,000 Rest of the poor Nigerians 99.4 119,280,000 1 Like |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by BABANGBALI: 9:12pm On Oct 31, 2021 |
somehow:when beer and isiewu boku for town |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by nanauju(f): 9:27pm On Oct 31, 2021 |
SmartPolician: % of people of people saving in coins of usd no fit reach 10%. So that percentage up there by ndic (minus whoever we wan minus) is still an alarming one 1 Like |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by hope4nigeria(m): 10:03pm On Oct 31, 2021 |
thesicilian:this your image shows the look on banks face when they read your post |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Internet247(m): 10:24pm On Oct 31, 2021 |
Na mumu dey use Nigerian banks !! You for see wicked coins wey men get for wallet |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by lanas: 11:02pm On Oct 31, 2021 |
D only interpretation closer to my understanding. Wondering y Nigerians find it difficult to digest articles being read before concluding n commenting. thebosstrevor1: |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Elxandre(m): 11:11pm On Oct 31, 2021 |
Rebuke:Don't mind them jare. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by just2endowed: 11:24pm On Oct 31, 2021 |
Hmmm... |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Bifwoli: 11:25pm On Oct 31, 2021 |
thesicilian:True dat very true ,but i believe the right word is "wisdom".But stocks are the absolute best i've done very well with them. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Elxandre(m): 11:31pm On Oct 31, 2021 |
Internet247:You think those people with "wicked" coins for wallet no get 500k for account? Lol |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by maxzzo1(m): 11:34pm On Oct 31, 2021 |
Na so buhari spoil d con3 reach ooo |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Inspiration2017: 11:37pm On Oct 31, 2021 |
It is a lie Rather 0.000009% have N500,000 in account Because I don't know where the 0.6% are. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Internet247(m): 11:58pm On Oct 31, 2021 |
Elxandre: Lmao norms na, can't be in NG and not spend naira but say all savings na naira !! NO |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by PediakAuthor: 12:00am On Nov 01, 2021 |
Some na even MINUS level... make I no lie However, this report is just one of the indicators to measure the wealth of a nation or the standard of living of the citizens. Aside the current value of Naira, Nigeria currently has a high GDP when compared to other African counterparts, however, with a low per capita income due to her passive population (making little of no contributions to GNP and/or GDP). However, Nigeria is quite rich, but the wealth is not evenly distributed amongst the masses. Going by this NCDC report, it clearly depicts that only 1,200,000 citizens ONLY have more than that figure in their respective accounts if we assume a political population of about 200,000,000 for Nigeria. What we need to strategize now is how to evenly distribute the Nigerian National Wealth in order to enhance the living standard of the masses. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by godofuck231: 12:29am On Nov 01, 2021 |
The naira is shit paper so they bought bitcoins and dollars , say hi to crypto naira
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Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by EndBuhariNow(m): 1:57am On Nov 01, 2021 |
One thing that remains now is buhari to borrow money from our account and blows it away and nothing will happen |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by charlsecy(m): 6:12am On Nov 01, 2021 |
Esseite:Far from it. Example, a trader may prefer to keep their wealth in goods instead of cash. That way, they are better protected from inflation, as the prices of goods keep rising. Their bank balance may be worth less than N500,000, but they are controlling goods worth over N50 million! |
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