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NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History - Politics - Nairaland

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NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Ejikas(f): 10:45am On Apr 02
Tinubunomics update :
NSIA Records ₦1.86 Trillion Profit (59% Increase) in 2024 – Highest in History

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.
https://x.com/sundaydaresd/status/1907073771728470266?s=46

10 Likes 1 Share

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by helinues: 10:47am On Apr 02
Tinubunomics

Nigeria is secured with president Tinubu

26 Likes 4 Shares

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by ClearFlair: 10:57am On Apr 02
History of how many years. Also, where are the links to the reports so Nigerians can learn


helinues:


Nigeria is secured with president Tinubu

The current macroeconomic outlook tells a different story. Statistics are very important.

15 Likes 2 Shares

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Prosperous111(m): 10:57am On Apr 02
What's tinubunomics again?; grin

I don't like tinubu or neither am I affiliated with any political parties but I know Nigeria is beyond redemption. If anyone dare risk to make it a better place, it will take years for any improvement to show face.

And nobody can fixed Nigeria in a matter of 4-8 years, it's impossible

3 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Jestin: 10:57am On Apr 02
Nonsense

7 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Holluwhakemmy(f): 10:57am On Apr 02
Good news/development

5 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by merits(m): 10:58am On Apr 02
LAMBA

8 Likes 1 Share

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by iwaeda: 10:58am On Apr 02
Convert this to dollar, you will see the difference. grin grin grin

15 Likes 2 Shares

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by BigBelleControl(m): 10:58am On Apr 02
Government's bags are getting bigger,
Citizens' pockets are getting slimmer.

15 Likes 1 Share

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Abbeytoy(m): 10:58am On Apr 02
Nice

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by emmyt2: 10:58am On Apr 02
Kwangratulations

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Dronedude(m): 11:00am On Apr 02
This is one of the best places to work in Nigeria. Some of their staff are paid in dollars. Aje.

8 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by cybergawd: 11:00am On Apr 02
What would you do with the profit, is the question? Who benefits from it, or, it will disappear from it's coffers as usual..

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Karlovych: 11:01am On Apr 02
embarassed Drug cartel from Chicago is really working, paBOLA escoBAT on the beat again.

2 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by frog12: 11:03am On Apr 02
when are they going to start stealing this? grin grin grin

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by onatisi(m): 11:03am On Apr 02
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

4 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by cucumbar: 11:03am On Apr 02
Ejikas:
Tinubunomics update :
NSIA Records ₦1.86 Trillion Profit (59% Increase) in 2024 – Highest in History


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

How does this benefit the common man ? Oloshi

3 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by iLoveYouToo(m): 11:04am On Apr 02
I’ve never heard of these guys

18 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by donprinyo(m): 11:04am On Apr 02
trust these people at your own peril.

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Anijay1212(m): 11:05am On Apr 02
I see 👀
Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by edungene7: 11:05am On Apr 02
Audio this APC government is completely shameless it is now obvious that they have failed they are now playing to the gallery looting with impunity and total disrespect to the will of the people. The sack of kyari from NNPCL will expose a lot bookmark this and wait for the boomerang.

3 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Fujiyama: 11:06am On Apr 02
The 'performance' is poor after adjusting for inflation. Every economics undergdraduate knows this.

3 Likes 1 Share

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by almarthins(m): 11:06am On Apr 02
helinues:


Nigeria is secured with president Tinubu

Money wey go miss. Dem go soon replace this guy with one hausa wey go dey rechannel the money to one account wey no get name.

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by kuntash: 11:06am On Apr 02
helinues:


Nigeria is secured with president Tinubu


is this fake new? - https://www.vanguardngr.com/2025/04/fgs-deficit-hits-n12-95tr-exceeds-budgeted-target-by-41/

scroll down the front page its on one thread there.

whats the effect of such deficit ? can you enlighten members here
Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Fiscus105(m): 11:07am On Apr 02
Meanwhile, the "profit", where did it goes,.....to the "pockets" of "people" in "power" and no single one is available for welfare and security of the citizens.



Profits are growing, crude oil production are increasing, yet people are passing excruciating pains in the hands of govt policies.

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by princeemma69: 11:08am On Apr 02
Fujiyama:
The 'performance' is poor after adjusting for inflation. Every economics undergdraduate knows this.
is not poor, 59% profit is greater than the increase in inflation this year.
Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Clobisman(m): 11:08am On Apr 02
Ejikas:
Tinubunomics update :
NSIA Records ₦1.86 Trillion Profit (59% Increase) in 2024 – Highest in History


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

2 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Paramount01(m): 11:08am On Apr 02
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


All these is pointing to better days is very close
Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by OkCornel(m): 11:08am On Apr 02
Now let’s convert to USD or a stable currency and compare to the previous year.

See idiots celebrating “growth” in naira revenue when the currency has been massively devalued.

These propagandists are utterly shameless

1 Like

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Mandatemoovment: 11:09am On Apr 02
merits:
LAMBA
Original LAMBA

1 Like 1 Share

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Fcwilly: 11:10am On Apr 02
Dronedude:
This is one of the best places to work in Nigeria. Some of their staff are paid in dollars. Aje.

You are right

2 Likes

Re: NSIA Records ₦1.86 Trillion Profit (59% Increase) In 2024, Highest In History by Bigframe: 11:10am On Apr 02
Naira lost value so there really nothing to celebrate here if you want to tell yourself the truth.


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


https://x.com/sundaydaresd/status/1907073771728470266?s=46

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