99.4% of bank accounts in Nigeria DO NOT have a $1k balance at any given time

Africa is piss poor

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We don’t trust banks - pesa iko kwa matresses

300k per month is peanuts - ktalk proverb

even in the land of the free sio kuzuri zana
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Although…

Bank pia ni ya kureceive na kusend pesa. Still an mpesa of sorts. And it not always a true reflection of a society’s worth.

Kuna ule mse biz imeshika ana net say, 10 k per day. But as soon as pesa imeingia, ananunua stock, the rest anarusha sacco/money market/ananunua simiti, kazi iendelee. So such a person utapata is highly liquid but banks yake hua dash.

Very true.

Poor comparison of third world vs first world. In the first world you lose you job, next day you have unemployment income. Also the most pressing emergency is healthcare, let’s say you are involved in a major accident in Abuja vs NY. NY you are treated for free if you have no money. What happens to you in Abuja other than appointment with the creator?

Haha, kweli mnastruggle na content wadau… huyu fala anatuambia ndio tuwachangie ama? :smiley: