Tinubu Unveils Economic Reforms Targeting Nigeria's Elite 5% with Excess Liquidity

Only about 5% of people in Nigeria have over 500,000 naira in their bank accounts, according to the Minister of Finance
The government reforms aim to correct economic imbalances that have disproportionately favored a small elite group over the majority of citizens in the past 8 years
The reforms target mopping up excess liquidity in the economy that did not contribute to production or supply of goods and services
The excess liquidity previously benefited only a small number of people in the economy
President Tinubu is providing a 3-month palliative package to help ameliorate poverty and high cost of living for 15 million households