₦airaland Forum

Wale Edun, Nigeria’s Finance Minister and Coordinating Minister of the Economy, says approximately only 5% of people in Nigeria have more than N500,000 in their bank accounts.

The Minister who disclosed this on Friday in an interview on Channels Television, said the Federal Government plans to rectify the economic imbalances that disproportionately favour a small group of elites in the last eight years over the majority of citizens.

The aim of microeconomic reform, he said, is to ensure revenue is directed into the government’s treasury.

His words: “There has been an effort to ensure that the people’s money is not in the hands of a few. And on that point, I must emphasize that when we talk about the last eight years before Mr. President came to power, there was this liquidity built up.”

“The Issue was that the funds were going to a few. Only about 5% of the population have bank accounts that have more than half a million in them. So, the majority was left out for eight years. They are on the sidelines while a small minority enjoyed.”

ShoeGetSize:
The corrupt and hungry Agbadorians will be seriously eyeing your bank account if you belong to that 5%.

FourQu:
The emilocorns new job is to troll the 5% seeing as the ebi pawa mandate is not affecting them lol 😆

ShoeGetSize:
They are so stupid and shameless. The other day they were accusing Igbos of refusing to take part in protests against hardship, only for them to turn around and accuse the few Igbos who joined them of being the ones who are sabotaging ESCobat's government. Very stupid and mentally limited people.

Thissystem:
Wale Edun, Nigeria’s Finance Minister and Coordinating Minister of the Economy, says approximately only 5% of people in Nigeria have more than N500,000 in their bank accounts.

The Minister who disclosed this on Friday in an interview on Channels Television, said the Federal Government plans to rectify the economic imbalances that disproportionately favour a small group of elites in the last eight years over the majority of citizens.

The aim of microeconomic reform, he said, is to ensure revenue is directed into the government’s treasury.

His words: “There has been an effort to ensure that the people’s money is not in the hands of a few. And on that point, I must emphasize that when we talk about the last eight years before Mr. President came to power, there was this liquidity built up.”

“The Issue was that the funds were going to a few. Only about 5% of the population have bank accounts that have more than half a million in them. So, the majority was left out for eight years. They are on the sidelines while a small minority enjoyed.”

Read on

https://dailypostngr.com/2024/02/only-5-of-nigerians-have-over-n500000-in-their-bank-accounts-finance-minister/

RepoMan007:
Even if you have more in your account, will you keep it inside a single account for bandits and kidnappers? Or in Naira for its value to erode?

RepoMan007:
Even if you have more in your account, will you keep it inside a single account for bandits and kidnappers? Or in Naira for its value to erode?

FourQu:
And we all know where the 5% are coming from

DoT in a circle, I hail una. It's not easy being the 5% and still giving the 95% headaches at every turn of the century

adamusuleiman2:
Zero proof to your statement.

FourQu:
Na statistics we go chop?

adamusuleiman2:
Yes.

FourQu:
No, my emilocorn said we shouldn't eat statistics.

I will stand on his mandate till 2031 without tasting that statistics

Ebi pawa pipo

adamusuleiman2:
When your principal was quoting fake figures and statistics nko.

FourQu:
My principal is no more quoting fake statistics again. He is now receiving political lessons from emilocorn

adamusuleiman2:
Yes he is. That's why he is an election loser and his supporters wail with all sorts of bs threads on NL 🤣

adamusuleiman2:
Zero proof to your statement.

The proof we have says otherwise.

FourQu:
Election winners 🏆

Oya carry go na

Ebi pawa oooooo