₦airaland Forum

The Nigeria Sovereign Investment Authority has announced a record profit of ₦1.86 trillion for the 2024 financial year.

This marks a 59% increase from the previous year, with total income reaching ₦1.89 trillion. The fund’s net assets also nearly doubled to ₦4.35 trillion.

The NSIA says this growth came from smart investments in infrastructure, a strong portfolio strategy, and gains from currency markets.

This is the Authority’s best performance since it was established, and it reflects President Bola Tinubu’s push for better management of Nigeria’s sovereign wealth and public assets.

The result is expected to boost investor confidence and support long-term development across the country.

Oil Theft Drops by 73% – NEITI Report Shows Major Progress

Nigeria has recorded a major victory in the fight against oil theft.
According to the Nigeria Extractive Industries Transparency Initiative, oil theft dropped by 73% in the past year.

This is a huge improvement from previous levels, where theft was affecting over half of oil production in some areas.

The drop is thanks to stronger security efforts and better government coordination under the Tinubu administration.

Experts say this progress could lead to more foreign investment, increased oil production, and thousands of new jobs.

It’s a big step forward for Nigeria’s oil sector and the wider economy.

Tinubunomics

helinues:
Nigeria is secured with president Tinubu

Ejikas:
Tinubunomics update :
NSIA Records ₦1.86 Trillion Profit (59% Increase) in 2024 – Highest in History


https://x.com/sundaydaresd/status/1907073771728470266?s=46[/quote]Useless post from a useless ass licker.

How does this benefit the common man ? Oloshi

helinues:
Nigeria is secured with president Tinubu

helinues:
Nigeria is secured with president Tinubu

Fujiyama:
The 'performance' is poor after adjusting for inflation. Every economics undergdraduate knows this.

Ejikas:
Tinubunomics update :
NSIA Records ₦1.86 Trillion Profit (59% Increase) in 2024 – Highest in History


https://x.com/sundaydaresd/status/1907073771728470266?s=46[/quote]Highest in naira in history but convert it to dollar and compare its dollar equivalent if its still the highest or lowest

onatisi:
The common man on the street is not concerned about all these figures; all they want good, affordable life to live; they want to eat, have shelter, and live comfortably. What is the use of all these figures if the citizens still go to sleep at night hungry and frustrated

merits:
LAMBA

Dronedude:
This is one of the best places to work in Nigeria. Some of their staff are paid in dollars. Aje.