Wow!

Hmmm

sapiosexual1:
Who keeps money in the bank when you don't even have what to eat?

If you ask me, na who I go ask?

Sad, in a so called oil rich nation.

Abrahamtaylour:
2% of Nigerians are politicians and business tycoons sponsoring politicians

What's the difference Btw politician and business tycon sponsoring them? Abeg they ar all politicians

wow

The rich continued getting reacher because they often spend like the poor while the poor continued living in poverty because they spend their little resources as if they are richer than they are!

Most times, poverty is an attitude cum mindset, if you want to get out of it, change the duo!

kelvinreality:

If you ask me, na who I go ask?

My brother, just like ur moniker, that's the reality

God will help the poor people because very soon fg go say. If u no get 500k for your they go block am hmmmmmm

Its either many of the posters did not read or comprehension is an issue.

90:10 Principle of money coming out true again. But in d black world it's even more steeper.

opalu:
2% of 170 million Nigerians = (2×170,000,000)/100= 3,400,000 people.

No. It's actually 2% of the total number of Nigerian Depositors.

Of course, they are pdp politicians

opalu:
2% of 170 million Nigerians = (2×170,000,000)/100= 3,400,000 people.

Your calculation is very wrong. You need to consider that some of these account holders are corporate entities and in law, corporate entities are treated as legal individual. Also, note that an individual can have more than two corporate entities. Hence, you need to further discount the calculation and I can assume that the number of individuals, that is actual living people, is less than a million.

sapiosexual1:

My brother, just like ur moniker, that's the reality

Sincerely, you are right
To the point raised in the topic, this should not be news to any one. Even in the developed world, 5percent controls virtually everything owned in a country including resources in the money and capital market.

am very sure I no even dey among the 98percentile.


chai Baba God ooooo, I bin don due tey tey...

2 % is over 3 million people. Not such a low number in actual terms.

What is even the percentage of Nigerians that own bank accounts in the first place. 70 million accounts in a country where most account holders have 3 bank accounts should tell you that 70 percent of the population don't even operate a bank account in the first place.

brunofarad:

If you are vast that you know about the
Pareto principle or the 80\20 rule

click like

Pareto principle talks abt 80/20 rule Alhaji Umar is talking abt 98/2 percent rule, which is rather alarming. And we know those set of people that make up the 2 percent. There is no such thing as commonwealth in Nigeria.

the Pareto distribution becomes handy in statistics like this.

odikwa egwu!

SO AM RICH

hertheytheydgee:
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

You can't say it better, so on point... By the way are you a maxist?

opalu:
2% of 170 million Nigerians = (2×170,000,000)/100= 3,400,000 people.

No, sir. It's 2% of 70,000,000 depositors/bank account holders. i.e. 2/100 * (70,000,000) = 1,400,000, which is a paltry 0.82% of the total population.

twerky:
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

Nemma:

You can't say it better, so on point... By the way are you a maxist?

Not really, i'm a law student, I borrowed from pol in my UG1 days and really enjoyed reading Marxist theory.

osahonmk:
Wow..... just 2%.... Ooooh my Nigeria... It can onli get better!!

So we thought by May 29th 2015. Now we know better.

By the way, why are you hustling for likes?...... *runs away*

brunofarad:
If you are vast that you know about the Pareto principle or the 80\20 rule
click like

opalu:
2% of 170 million Nigerians = (2×170,000,000)/100= 3,400,000 people.

Ndi GMAT na GRE

opalu:
2% of 170 million Nigerians = (2×170,000,000)/100= 3,400,000 people.

Ndi GMAT na GRE

The wealthy 2 percenters.

icon8:


No, sir. It's 2% of 70,000,000 depositors/bank account holders. i.e. 2/100 * (70,000,000) = 1,400,000, which is a paltry 0.82% of the total population.

You try but may not be fully correct. Even my Baba, an elderly man, has several accounts. Most of the accounts might even belong to same people. At the end maybe only 10 to 20m people own those 70m accounts.

delivite:


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.

without basic capital? There also has to be a starting capital.now how possible is that when folks are struggling to get by