Human rights activist and #RevolutionNow convener, Omoyele Sowore, has berated the Nigerian government over the report by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, that only 5% of Nigerians have more than N500,000 in their bank accounts.
The minister in an interview with Channels TV stated that approximately only 5% of people in Nigeria have more than N500,000 in their bank accounts.
Edun added that the Nigerian government’s reforms were to rectify the economic imbalances that disproportionately favoured a small group of elites in the last eight years over the majority of citizens.
The minister further said that the aim of microeconomic reforms is to ensure that public revenue is directed into the government’s treasury.
According to him, the reforms are corrective measures to mop up the liquidity in the economy that was not tied to production or supply of goods and services, adding that these imbalances only benefit a few people in the economy.
Reacting to the minister’s report, Sowore in a post on his X handle on Sunday said that while only about 5% of Nigerians have over N500,000 in their bank accounts, President Bola Tinubu’s son, Seyi is using a wristwatch worth N346 million.
He said that ‘justice for all is not specific enough’ for Nigerians who are facing an astronomical rise in the cost of living and hardship in the country.
Quoting part of the finance minister’s statement, Sowore wrote, “‘Only 5% Of Nigerians Have Over ₦500,000 In Their Bank Accounts’” – Tinubu’s Finance Minister, Wale Edun. Meanwhile, Seyi Tinubu @STinubu’s watch is ₦346,000,000. ‘Justice for all just ain’t specific enough!”
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