Minister of Finance, Wale Edun says approximately only 5% of Nigerians have more than N500,000 in their bank accounts.
The Minister said this in an interview on Channels Television, on Friday.
According to him, there has been an effort to ensure that people’s money is not in the hands of a few.
He said, “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.
