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Nairaland Forum / Nairaland / General / Business / 2% Of Nigerians Own 90% Bank Deposits — NDIC (18113 Views)
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2% Of Nigerians Own 90% Bank Deposits — NDIC by trecumng: 4:50am On Jun 02, 2016 |
As a major indicator of wealth distribution in Nigeria across income groups, a mere two per cent of Nigerians own 90 per cent of total deposits in Nigerian banks. This represents the wide gap between the rich and the poor in Nigeria, which continues to pose major socio-economic development challenges to the nation. Director of Research and International Relations at the Nigeria Deposit Insurance Corporation, NDIC, Alhaji Mohammed Umar, disclosed this at the Businessday Capital Market Development Annual Conference in Abuja, yesterday. His words: “Our current deposit insurance coverage is N500, 000 for the Deposit Money Banks. And some people have said that it is low. I can tell you that it is very adequate for the majority of accounts. “It will interest you to know that it covers over 90 per cent of accounts in the country. Indeed, Nigerians who have more than N500, 000 in their accounts are just two per cent. “What we found is that this two per cent Nigerians have 90 per cent of banks’ total deposits. Look at that - two per cent Nigerians own 90 per cent of total banks deposits, while the remaining 98 per cent have just 10 per cent of total deposits. What that tells you is that the gap between the rich and the poor has continued in this country.” Alhaji Umar added that there were about 70 million bank account holders in the country. The total bank deposits stood at N17.2 trillion, as at December 2015, according to a post on the Central Bank of Nigeria, CBN, website. Source: http://www.vanguardngr.com/2016/06/2-nigerians-90-bank-deposits-ndic/ 2 Likes 1 Share |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Tastemoney(m): 4:57am On Jun 02, 2016 |
The poor are getting poorer, the politicians are getting richer 6 Likes |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by brunofarad(m): 5:07am On Jun 02, 2016 |
If you are vast that you know about the Pareto principle or the 80\20 rule click like The situation here may not be 20\80 but its synonymous 34 Likes 2 Shares |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Nobody: 6:02am On Jun 02, 2016 |
Tastemoney: There are Nigerians who run legitimate businesses in this country and control more money than even those politicians you think. It's sad that a few people have more money than the majority of the population, but there's nothing you can do about it except to figure out how to join the rich. More Nigerians should think outside the box and embrace entrepreneurship. My opinion. 31 Likes 1 Share |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by kekakuz(m): 6:07am On Jun 02, 2016 |
no doubt I know because I belong to the 2% by faith 3 Likes |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by dwilliams: 6:52am On Jun 02, 2016 |
fh |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by MyIncorp: 6:52am On Jun 02, 2016 |
Indeed, there's such a huge gap between the poor and the "comfortable"; and the gap between the poor and the rich cannot even be imagined. Mere 2%?!!! See questions and answers on forming a company in Nigeria https://www.nairaland.com/3093715/company-formation-nigeria-q |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Pavore9: 6:53am On Jun 02, 2016 |
Just 2%! |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by opalu: 6:53am On Jun 02, 2016 |
2% of 170 million Nigerians = (2×170,000,000)/100= 3,400,000 people. 23 Likes |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Daslim180(m): 6:53am On Jun 02, 2016 |
Ogbenii 1 Like |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by FagsamPHP(m): 6:53am On Jun 02, 2016 |
k |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by twerky(f): 6:54am On Jun 02, 2016 |
When will we get things right o Lord? Should I start telling my kids Dat naija go better just d way I was decieved by my dad years ago ![]() 9 Likes |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by InyinyaAgbaOku(m): 6:54am On Jun 02, 2016 |
prouldly a 2% Nigerian 2 Likes |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by swagdopey: 6:54am On Jun 02, 2016 |
K |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Estimable(m): 6:55am On Jun 02, 2016 |
onye putara ULA na ututu kene Jehova 1 Like |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by hertheytheydgee(m): 6:56am On Jun 02, 2016 |
Karl max predicted this long time ago... these 2% are mostly politicians. Instead of them to embrace policies that will encourage wealth circulation, they keep saving it for their unborn generation. They have forgotten that a bad economy cannot preserve wealth. Agbako lawon weyrey yii sha 14 Likes 1 Share |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by osahonmk(m): 6:56am On Jun 02, 2016 |
Wow..... just 2%.... Ooooh my Nigeria... It can onli get better!! |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by hertheytheydgee(m): 6:56am On Jun 02, 2016 |
God is watching you all in 4d. Mar'aba bikum ya Romadan to all Muslim brothers and sisters in the world. ![]() |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by ddippset(m): 6:57am On Jun 02, 2016 |
. |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Wisdomkosi(m): 6:57am On Jun 02, 2016 |
What should we do? 1 Like |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by sojayy(m): 6:58am On Jun 02, 2016 |
Naija don finish ! Lord bring back Naija |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Abrahamtaylour: 6:59am On Jun 02, 2016 |
2% of Nigerians are politicians and business tycoons sponsoring politicians 2 Likes |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by maurisoft(m): 6:59am On Jun 02, 2016 |
Naija which way na |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by gift01: 7:00am On Jun 02, 2016 |
. |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by SLIDEwaxie(m): 7:00am On Jun 02, 2016 |
No be today na |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by absoluteSuccess: 7:01am On Jun 02, 2016 |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Nobody: 7:01am On Jun 02, 2016 |
Who keeps money in the bank when you don't even have what to eat? 2 Likes |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Nobody: 7:01am On Jun 02, 2016 |
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Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Nobody: 7:01am On Jun 02, 2016 |
... |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by gift01: 7:02am On Jun 02, 2016 |
90% of Nigerians are therefore in the poverty line. That's over 150 million people 1 Like |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by Acme77: 7:02am On Jun 02, 2016 |
Hmmm |
Re: 2% Of Nigerians Own 90% Bank Deposits — NDIC by teehay45(m): 7:03am On Jun 02, 2016 |
In Fela's voice poor man dey cry , rich man dey mess 2 Likes |
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