July 1, 2026
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LEAD STORY 1

LEAD STORY 1

FG: Only 5 per cent of Nigerians have above N500,000 in their bank accounts, blames last administration for unequal wealth distribution

Nigeria’s Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, said wealth in the last administration was unequally distributed, saying only the elite benefited from the administration. Edun, while appearing on Channels TV, said the federal government’s policies were geared towards correcting wealth inequality, where the elite were prioritised over the