Buy a cartoon of biscuit N4000 make N100 profit and it is now N6000. That's N1900 lost to differentials.

Tinubu does not know what government entails.

Perhaps, your line of business is not what people needs but wants

helinues:
Perhaps, your line of business is not what people needs but wants

So simple to assume.
Can you differentiate between “need” and “want” please?

helinues:
Perhaps, your line of business is not what people needs but wants

Ishi azu, loan her money to start business of what people needs.

Hmmm,

That's the case of many Businesses in Nigeria since the Devillish Party called APC came to power in 2015.

Purchasing Power of Nigerians are now low, hence many Businesses are struggling.
Even if your Business booms, your Profits will be used to buy Inflated food and household items in the market.😕😒

E no go better for Buhari, Tinibu and their YEYE supporters!

ElevationD:


So simple to assume.
Can you differentiate between “need” and “want” please?

Needs are essentials/priorities while wants are secondary

Vinnie2000:


Just Ignore that Hellanus fellow. He is still a Dependant in his Parents House.

A 35 yr old Ogbori, who still eats from his Mummy's pot.

Ask him how much is a Paint Rubber of Garri or Carton of Indomie, he won't know because he has NEVER handled such basic Responsibilities.

I think the parents should be blamed here. Why are they comfortable harbouring a 35 year old man in their home? Why are they facilitating laziness and irresponsibility? They should be arrested!

Then reduce your investment maybe that will increase your profit. That is, your business need reverse method of approach.
On a serious note, the problem might be because much is being taken from the business for personal use such as feeding, clothing, medicine etc from a small and young business of that nature.

Have you checked the law of diminishing returns to eliminate the factors contributing to the outcome?

helinues:


Needs are essentials/priorities while wants are secondary

Please with the description of the items in her small shop, can you single out the essentials, priorities and secondary?

alizma:
Then reduce your investment maybe that will increase your profit. That is, your business need reverse method of approach.
On a serious note, the problem might be because much is being taken from the business for personal use such as feeding, clothing, medicine etc from a small and young business of that nature.

Bro, I have my Business, so I understand the Woman perfectly.

Years back before Buhari and his DISASTER brother Tinibu came, When you make profit in your business, you could save it well.

In Warri then, We heard of Akara and Bole women who used their Profit Savings to train their children in UNIBEN and Delsu, Abraka.

But now, any Profits you make in Business is used to buy Expensive Stuffs in the market. E.g. Garri.

Zonefree:

I think the parents should be blamed here. Why are they comfortable harbouring a 35 year old man in their home? Why are they facilitating laziness and irresponsibility? They should be arrested!

Just like the aged husband parasiting off his wife. I bet she is also doing all the housework. She better leave his lazy and broke ass behind instead of developing hypertension.

CodeTemplar:
Buy a cartoon of biscuit N4000 make N100 profit and it is now N6000. That's N1900 lost to differentials.

People never understand what is really going on yet?

Zonefree:

I think the parents should be blamed here. Why are they comfortable harbouring a 35 year old man in their home? Why are they facilitating laziness and irresponsibility? They should be arrested!

Benue and Kogi people no dey care

Pressure ti wa

Pressure everywhere

The masses are not smiling

The poor are not breathing again

The government suffocating the poor

So none of their 6 grown-up children can pitch in and help their living conditions?

Bh

Vhj

Bobloco:

https://tribuneonlineng.com/the-more-i-put-money-in-my-business-the-more-unprofitable-it-is/

sell fried akara and yam...then thank me later ...just look for a busy bus stop like enerhen junction, sedico round about, or by the mother of the redeemer school

Good for an ancestor who thinks running a government is an easy task as running a drug cartel, drug empire and druggie businesses


Sorry Mma

It is not only petty traders that are struggling, even big and established companies are also having it tough due to the downturn in the economy

Nigerian Production and Commercial industries are dying at a rate that beggars belief...!

The economy has never been this hit by poor government policies.

Yet, you are talking about increasing and widening the tax net.

Who is going to pay such taxes and from where do they get the funds??!

U all voted for arm robber so enjoy.

6 children and they allowed her to be selling petty things to survive . I would never allow my mom to work at that age . Useless children.

A

Remember this fact...we're in Tinubu's government, someone who is leading by propaganda and never prepared for the job.

A doctor friend whom I drove to his hotel last week from the airport told me this fact...
That in 2014, until early 2015, your naira in the bank was worth gold and at some point, naira and dollar rate both at the black and official markets were equal so, people hardly patronised the bank to get fx. I remember a day I was in Montreaux in Switzerland and inserted my ATM card in their machine and withdrew Swiss franc, their local but powerful currency. Our economy was under control with no stress. Gari seller never complained, transport companies stabilised their fares including airlines ticket for a pretty long time.

Today, the reverse is the case. All those who participated in bringing in this government of evil will meet their Waterloo, no be curse. Its a reality that's dawning on us all cos we go to same market and queue at petrol station to buy fuel on which he said subsidy is gone but they're even paying it now in trillions

In 2009, we bought 2 Toyota corolla cars from metropolitan motors, brand new though manual transmission at 2.2m each, even with some discount. Same car is worth several millions of naira today. Its even better to trade now in cotonou cfa, the currency that was once the worst in performance in Africa than trade in naira at the border. Yesterday, i read that naira is now a worst performing currency in africa and we're no more the largest economy in africa, despite our vast resources, population and the Mr magic in power.

The below are the causes

1- voting along the sentiment lines instead of merit. Omo wa nii, ęję o shee. When a candidate failed at home, what does that mean...that he'd done well to the members in the family? No! That alone is a bad omen in the last election but a lot of people were so myopic in nature.

2- corruption. When you have same group of corrupt old men in power, don't expect miracles. Status quo would be maintained. They don't know your family even though you voted them in, out of sentiments. You're OYO.

I took a contract recently and everyone in that ministry was calling me. Those whom I didn't even know when doing all the wahala. They said where person dey work, na there him dey chop so make i remember them. So, if I now remember everyone, what would be left for me and that's why many do a substandard job and nobody would gbemu cos they've been all settled and what's left could do nothing .

3- unproductive loan. Buhari had borrowed a hell of loans which were unproductive. The creditors don't take us seriously anymore. We keep borrowing and some have stopped giving . You borrowed to pay salary to ghost workers, execute contracts that have been inflated 4 times its actual cost and which they'd still abandon. The interest we pay on them is huge. In the end, money meant for real projects and development will be so lean.

4-Reckless spending of govt. Nigerian NA members are the highest-paid in the world. Don't expect anything reasonable, wherever such is happening. They're made up of former governors who have retired in senate after ruining their respective states while in power, economically. You came to power and added more ministries after you've committed the blunder of floating the naira and ending subsidy same time. Angola is a good example of a reasonable nation with a reasonable leader. They removed subsidy too but in piece meal, even with the palliatives already out in place before removing the subsidy gradually.

May I ask, where are the Tinubu's palliatives, one year after? Why is it only Nigeria that seems to be hardest hit by the global inflation as if we're the only country in africa, why not other African countries? Only in Nigeria will you see people protesting over common food. Whenever we say vote wisely, e get why. And these are the whys...

We're just suffering because of our own mistakes in this country. God has been kind to us. Its annoying when they say our naira was so bad cos we're less productive, because we import more. They should read the law of comparative advantage. There some stuffs we'd be importing till the end of the world and which wouldn't cause the naira to fall. Btw 1999 and early 2015, i wonder what we were producing when the naira was so strong. I wonder if we've stopped importing now, what we were importing then. To the best of my knowledge, we've even dropped some by producing them locally. We also export more now yet, the economy is in this terrible shape. When the world encountered a global melt down, we were not affected then, it was because we had a robust economic team in place. What has changed ? You can answer that.

Until we correct all these, we're still playing. God bless Nigeria.