₦airaland Forum

What does their profit profits the masses?

We saw Billion dollars companies improving the economy of other Nations. What has this companies profited the Nation?

IgOga:
Speak for yourself. While you wail and cry with bitterness everyday...many Nigerians are seizing opportunities created by this government and advancing their lives. If you think a man in government or a party in government will take you out of your misery you will wait a lifetime.

Keep shut sir.

grandstar:
It was Buhari's subsidized dollars that wrecked the economy.

Are you suggesting the country goes back to its vomit?

It was petrol subsidy that recked the economy. Kindly check currency floating around the world, it will shock you that some developed countries currencies ain't floated , meaning it's subsidized. It's not rocket science that our petrol daily consumption dropped from 70M to 35M liters per day. I personally know the fraud that went on under the subsidy regime

SmartPolician:
Who wrote and edited the article for Vanguard? Profit before tax is no profit. The real profit is what you keep after all deductions have been made which is called net profit.

That's what I looked out for because I never expected it to increase. In fact, I expected sales to drop because price increases always result in sales drop. This is basic economics.

Fantastic nonsense. Someone’s PBT increased from N235.5b to 334.6b in the period under review. If this isn’t growth what else is?

Except for the fact that fuel is a peculiar type of commodity. People still buy when the price increase. If 100 people were buying when the price was 200 naira and 50 people buy when the price is 1000 naira, that's massive profit.

SmartPolician:
Who wrote and edited the article for Vanguard? Profit before tax is no profit. The real profit is what you keep after all deductions have been made which is called net profit.

That's what I looked out for because I never expected it to increase. In fact, I expected sales to drop because price increases always result in sales drop. This is basic economics.

dederocs:
Are you in government or among the people?

Where does your interest lies?

So you want politicians alone to enjoy the wealth of the state and the people groan and suffer?

If you are not in government you must be a sycophant, because a reasonable man or human being will stick with the people's benefit, as we all know Nigerian politicians are living large off the national wealth already.

Subsidies, welfare or whatever name you want to call it, national revenue must be redistributed to the people, after all costs of government have been met.

Stop talking nonsense. It's all about what the government can afford. Where do you want the government to get the money from?
And stop talking about the pecks of those in government. It's a free world. Join a party and contest elections to enjoy the benefits.

SmartPolician:
Who wrote and edited the article for Vanguard? Profit before tax is no profit. The real profit is what you keep after all deductions have been made which is called net profit.

That's what I looked out for because I never expected it to increase. In fact, I expected sales to drop because price increases always result in sales drop. This is basic economics.

Not for fuel. The fuel is highly price elastic. People won't stop buying fuel because it is more expensive.
Also, tax has a fixed percentage for levels of income. If Profit before Tax is higher than usual, profit after tax will also be higher than usual.
Don't be so authoritative on topics you know little about.

What is the value of the gains made before subsidy removal and what is the value of it now, the gains before subsidy removal is valuable

SmartPolician:
Who wrote and edited the article for Vanguard? Profit before tax is no profit. The real profit is what you keep after all deductions have been made which is called net profit.

That's what I looked out for because I never expected it to increase. In fact, I expected sales to drop because price increases always result in sales drop. This is basic economics.

Please how can I private chat you.....?

SmartPolician:
Who wrote and edited the article for Vanguard? Profit before tax is no profit. The real profit is what you keep after all deductions have been made which is called net profit.

That's what I looked out for because I never expected it to increase. In fact, I expected sales to drop because price increases always result in sales drop. This is basic economics.

Lol...taxes are directly proportional so what are you saying?

dederocs:
Government should subsidise for Nigerians, it's a people's rights to enjoy subsidies, government just need to look for intelligent ways to do it.

Just like his Lagos lootocracy master plan is for stealing public money to bribe politicians to keep him in power, so also his ebilokan federal plan is to squeeze out more revenue from us without any change in government services and utilities.

What a shame.

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/

DropsMic:
While the masses groan and gnash their teeth..

Ike gwuru

Lazy masses like you.
Stop generalizing.
Talk to your people to stop the sit at home in your region

anonimi:
Just like his Lagos lootocracy master plan is for stealing public money to bribe politicians to keep him in power, so also his ebilokan federal plan is to squeeze out more revenue from us without any change in government services and utilities.

What a shame.

Always talking blindly.
Who is stopping the audio billionaires from doing the same?
Sore losers.

Gotocourt:
It was petrol subsidy that recked the economy. Kindly check currency floating around the world, it will shock you that some developed countries currencies ain't floated , meaning it's subsidized. It's not rocket science that our petrol daily consumption dropped from 70M to 35M liters per day. I personally know the fraud that went on under the subsidy regime

Because your exchange rate isn't floated does not mean it is subsidized.

During Soludo's tenor in his early days, he fixed the Naira below its true market value. He undervalued the currency. Nigeria then was not following a floating exchange rate policy.

Many countries that do not float their currencies keep them undervalued. The UAE and Hong Kong are two good examples. China is another. An undervalued currency is a clear indication that it is not subsidized.

Lamido Sanusi condemned the "dollar subsidy" that existed under Buhari. It will be abused. As Hamilton said, "The existence of subsidies can not be divorced from abuse."

https://www.nairaland.com/4861949/lamido-sanusi-laments-buharis-economic

The system is rigged against the Poor and the Middle Class.

Celebrating macro-economics at the expense of micro-economics!!!

Agbalowomeri Economy!

dederocs:
Are you in government or among the people?

It's citizens rights to enjoy the benefit of their national cake and common wealth. It is a right not a previledge, like I said, either you are a sycophant or ignorant of what a democracy is and who the people are in a democracy, you people worshipping politicians are either ignorant or sycophants, because politicians are the workers, the nation belongs to the people!

Where does your interest lies?

So you want politicians alone to enjoy the wealth of the state and the people groan and suffer?

If you are not in government you must be a sycophant, because a reasonable man or human being will stick with the people's benefit, as we all know Nigerian politicians are living large off the national wealth already.

Subsidies, welfare or whatever name you want to call it, national revenue must be redistributed to the people, after all costs of government have been met.

There is nothing wrong in the government setting up affordable policies to assist the poor.

However, the use of subsidies is one of the the worst ways to do so. Find alternatives.

Nothing has soared of we do the maths

The handwriting is on the wall and if they were under reporting before like their counterparts in Mali, Niger and Burkina Faso they need to take corrective action.

Omooba77:
https://www.vanguardngr.com/2025/07/subsidy-removal-turnover-profits-soar-in-oil-companies/

There is corruption at every level of government and in the general populace. I would ask that you suggest an alternative and I will tell you how they circumvent it.

Nigeria is a tuff nut to crack.

grandstar:
There is nothing wrong in the government setting up affordable policies to assist the poor.

However, the use of subsidies is one of the the worst ways to do so. Find alternatives.

grandstar:
There is nothing wrong in the government setting up affordable policies to assist the poor.

However, the use of subsidies is one of the the worst ways to do so. Find alternatives.

Nothing wrong in subsidies, so sad that Nigerians are dumb, always supporting politicians to rip them off...can't the government be intelligent enough to do subsidy in the way it will benefit the people or are we that dumb?

In Egypt they have fuel cards issued by banks and subsidised by government through banking system.

Their profit increase on paper. That is because they use to manipulate the figure during subsidy to claim they are not making profit. Now the actual figures is out. The figure increase but they won't be making as much as before subsidy which was hidden in secrecy

gabbytabby:
There is corruption at every level of government and in the general populace. I would ask that you suggest an alternative and I will tell you how they circumvent it.

Nigeria is a tuff nut to crack.

I am glad that you can see first hand the problem of poverty alleviation schemes in Nigeria. They are a waste of time.

The best policies that will work would be to pursue sound economic policies that are populist such as lifting protectionist barriers on food for instance to bring the prices down.

dederocs:
Nothing wrong in subsidies, so sad that Nigerians are dumb, always supporting politicians to rip them off...can't the government be intelligent enough to do subsidy in the way it will benefit the people or are we that dumb?

In Egypt they have fuel cards issued by banks and subsidised by government through banking system.

Economists are not fond of consumer subsidies. They are inefficient, encourage inefficiencies and corruption, discourage investments within that,sector, lead to large holes in the budget and so on. Egypt you mentioned spends 45-50% of its budget on debt servicing. Its economy is riddled with subsidies which are a major cause of the government borrowing and the subsequent high spending on debt servicing.

Find better ways to assist the poor.

dederocs:
Government should subsidise for Nigerians, it's a people's rights to enjoy subsidies, government just need to look for intelligent ways to do it.

What happened to the secret subsidy been paid on imported petrol?

jpmoriarti:
While European countries like Spain, Switzerland etc still subsidises petrol, transport etc for their people, Nigerian govt removed subsidy for the poor Nigerians and the already rich companies are getting richer while the poor Nigerians sink more into penury.

So, what is everyday Nigerian benefiting from the government? It is a shame.

Yet, Nigerians is enjoying secret subsidy on imported petrol after subsidy removal.

prigoz:
Despite this, yet we keep borrowing. Very soon china will take all of as the security, because I don't see how this deceitful government can pay back all the borrowed money

Says a citizen of a high population country consuming foreign products imported with dollars

grandstar:
It was Buhari's subsidized dollars that wrecked the economy.

Are you suggesting the country goes back to its vomit?

Yet Tinubu is borrowing crude collateralized dollar loans to subsidize dollars

Zico5:
Where are the money accrued from subsidy removal? Tinubu will tell us he shared it with governors. No any tangible development, they are still borrowing despite the subsidy removal. Tinubu thinks we are all fools. He is only playing to the gallery. Let him continue to share the money just to lure many lawmakers and politicians to APC. The fight is between him and hungry masses. People will rather die than allowing him to rig this time.

What is the relationship between subsidy removal and borrowing to consume foreign products?

israelmao:
Fuel subsidy removal is only shoring up wealth fof the upper class which iis the ruling as well as and business moguls.

You mean the subsidy you are enjoying secretly?

forgiveness:
What does their profit profits the masses?

We saw Billion dollars companies improving the economy of other Nations. What has this companies profited the Nation?

How many billion dollar companies are Nigeria?

grandstar:
Because your exchange rate isn't floated does not mean it is subsidized.

During Soludo's tenor in his early days, he fixed the Naira below its true market value. He undervalued the currency. Nigeria then was not following a floating exchange rate policy.

Many countries that do not float their currencies keep them undervalued. The UAE and Hong Kong are two good examples. China is another. An undervalued currency is a clear indication that it is not subsidized.

Lamido Sanusi condemned the "dollar subsidy" that existed under Buhari. It will be abused. As Hamilton said, "The existence of subsidies can not be divorced from abuse."

https://www.nairaland.com/4861949/lamido-sanusi-laments-buharis-economic

Those countries are producing and exporting massively to earn forex while Nigerian is borrowing massively with crude as collateral to import, common sense should bee common!