Tag: Power outage

  • Power outage: Ministers, workers abandon offices

    Power outage: Ministers, workers abandon offices

    Some ministers, whose offices were located in the Federal Secretariat by the Eagle Square, Abuja abandoned their offices yesterday due to power outage.

    While some of them did not show up, other ministers in the Secretary to the Government of the Federation’s (SGF’s) wing of the secretariat, who turned up for work, hurriedly left owing to darkness.

    Some workers at the secretarial also abandoned their offices.

    Some of the workers were seen leaving around 12:45pm with their handbags.

    Computers, air conditioners and other electronic appliances could not be powered because of the outage. Most of the windows in the offices were opened.

    But some workers, who stayed behind in extremely dark areas without windows, make use of rechargeable lamps and flashlight from their telephone sets.

    A worker on her way out of the office, who spoke on a condition of anonymity, said: “What do you think we can do in this circumstance? I don’t blame workers going home because we are just wasting our time here.”

    “There is no electricity light and no generating set to power electricity. I cannot type my work on the computer. So, is it not better to go home and do something useful?” she queried.

  • Youths protest power outage in Badagry

    Youths protest power outage in Badagry

    youths yesterday blocked the Eko Electricity Distribution Company (EKEDC) office in Badagry, Lagos, over poor power supply.

    They burnt tyres on the firm’s premises, while chanting war songs.

    The protesters brandished placards with the inscriptions: “Don’t throw Badagry into darkness,” “Don’t you want light in your life?”, “Stop giving us bills” and “Leave here if you can’t give us light”.

    There was heavy traffic as the protesters blocked a portion of the road where the firm is located.

    Mr Olayinka Okoya, the leader of the group, told NAN that there has been no light in Badagry in the past three weeks.

    “We have had more than enough of this. They do not give us light yet they bring bills at the end of the month and the bills are as high as N120, 000.

    “Despite the fact that we do not have light, officials of EKEDC would come to our houses and cut us off even after we pay bills for power that we do not get.

    “We have been living in darkness for the past one month; we have complained several times, yet nothing has been done about it, so we decided to come out and express our grievances.

    “This must stop, we must be given power and outrageous bills must stop because we cannot take this anymore,” he said.

    EKEDC officials declined to comment.

    Hoodlums cashed in on the situation to harass motorists and loot some shops.

    Sachets of “pure” water were thrown at passersby and motorists; broken bottles littered the road.

    Some roadside shops and a mini-mart at a nearby Mobil Petrol station were looted.

    A passerby, Miss Morenike Ajayi, told NAN of her ordeal with the protesters.

    “I was just walking on my own when “pure” water sachets were thrown at me, what is my business with their protest or did I say the power supply should be bad?

    “I did not deserve such attack and it was uncalled for,” she said.

    Mr Audu Ali, a tricycle operator, said his phone was stolen.

    “Some boys who were among the protesters just came to me and snatched my phone and quickly joined the crowd.

    “I don’t know how I will get another phone and this is not fair at all,” he said.

    The Divisional Crime Officer, Badagry Police Division, Aletor Peter, a Deputy Superintendent (DSP) told NAN that attendants at the Mobil Petrol station reported to the police that their shop was looted.

    He said investigation had begun into the incident.

     

     

     

     

     

     

     

     

     

  • Kuje residents bemoan prolonged power outage

    Residents of Kuje area council in the Federal Capital Territory (FCT) have lamented the prolonged power outage in the council.

    Some of the residents who spoke with Abuja Review said that the power failure has almost crippled business in the council, mostly in Kuje town, appealing to the council chairman, Hon. Shaban Tete to  rectify the problem.

    Mr. Samuel Joseph, a resident of the council, lamented that his business has almost crumbled following the general power failure, which, he said, has lasted over five days. He said his woes were compounded by the fact that he could not get fuel to power his generators.

    “We are really suffering in this council,” he said. “This issue of light is a big problem. I operate a restaurant and bar, but we do not have power to cool our drinks and foodstuff in the freezers; now most of our things in my freezers are spoiling by the day, and there is no fuel in filling stations to use for our generators.”

    Another resident, Mallam Isah Yahaya, a vulcaniser, lamented that the power outage has crippled his job too, adding that since the power failure in the council, he has not been able to work and his business is suffering.

    “My business is really suffering, nobody knows what is wrong with the light. The only thing that we can remember is that the light went off almost immediately after the President and National Assembly election. We believe that most of the transformers in the council are bad and we are calling on the council boss to help us in the council,” he said.

    Speaking with a senior staff of the Kuje power distribution company, who pleaded anonymity, explained that the Kuje power source has dropped from 8megawatt to 4megawatt, which has made it difficult for the council to have appreciable power supply.

    She further said that most of the electricity transformers in council have become faulty, which has led to the inability to supply electricity light in the council, saying that the engineers in the company are working tirelessly on the transformers and other sources, in order to rectify the problem.

  • Ekiti monarch, subjects clash over power outage

    Ekiti monarch, subjects clash over power outage

    Emure-Ekiti, one of the major towns in Ekiti State, was last week’s Monday thrown into chaos as the youth of the community staged a protest against what they called “epileptic power supply” from the Benin Electricity Distribution Company (BEDC).

    The angry youths also demonstrated against non-availability of banking services in the town which has caused them untold hardship as they had to travel down to Ado-Ekiti, Ise-Ekiti, Akungba-Akoko and Ikare-Akoko (both in  Ondo State) to carry out banking transactions.

    The protesters said the people in the town have been afflicted with electricity and banking problems for over seven months. They claimed that BEDC still distributes what they called “crazy bills” despite the poor power supply.

    They are also angry that despite the fact that the only bank in the community is not open officially to the public, some tradition chiefs and other influential indigenes are attended to “underground”.

    Following the violent nature the March 9 protest assumed, about 30 Emure youths were arrested by the Police following their alleged attacks on the palace of the Elemure, Oba Emmanuel Adebayo and the police station in the town.

    The youth are accusing the traditional ruler who is a retired Commissioner of Police of masterminding their arrest and have declared war on the monarch.

    Their arrest has however, triggered a protest by old women of the community who protested half-naked calling on Oba Adebayo to ensure the release of the young men

    The protest was dramatic as the youth engaged their Oba in a game of wits. The royal father who did not approve of the protest made attempts to frustrate the youth from carrying out public demonstration.

    Oba Adebayo, who at various times during his service career served as Commissioner of Police in the Federal Capital Territory, Abuja, Lagos, Edo and Nasarawa Commands personally confronted the youth and demanded them to stop their protest.

    According to a youth leader in Emure and one of the organizers of the protest, Olaoye Olayinka, Oba Adebayo was upset with the development and went to confront the youth and demanded that they stop.

    He said the youth continued the protest and blockage until their demands were met.

    Olayinka revealed that the monarch made attempt to remove the blockages himself but the youth prevented him, taking off his hands after which the royal father left in anger.

    Olayinka said: “What called for the youth’s protest is the epileptic power supply from the electricity firm, Benin Electricity Distribution Company (BEDC), for the past seven months, we hardly have light 5 times in a month, and when they bring it, it was only in the mid-night when we would be asleep.

    “Why this bad treatment from the electricity firm is so painful is because, of all Ekiti communities, Emure pays the highest bill, you can go and find out about this. But still we are not enjoying the benefits, instead we are getting crazy bills for a very bad service.

    “The electricity firm slams us with N8, 000, N6,000, N7,000 bills for each household, and for the artisans who are just welders, each of them get N15,000 a month. It’s ridiculous.

    “And we have warned the boys coming to cut the power supply anytime they feel like.

    “This had really angered the youth, the matter reached a climax when on February 21, the staff of the electricity firm came to cut the power supply to the community and the youth decided to stop them.

    “The youth insisted that they should allow the community to enjoy the power till end of February and see how regular the light is before payment of their bills is made but the officials refused and would have cut the light had the youth not threatened to be violent with them.

    “Meanwhile, the BEDC engineers had secretly removed the switch of one of the transformers supplying power to the community and we only got to know this when there was power supply and we discovered we didn’t have light.

    “The angry youth rushed to their (BEDC) office demanding for the switch to be re-installed but the officials denied removing the switch. This angered the youth more because they know that an untrained person could not have removed the switch.

    “The youth then decided to capture some of the officials but the men ran off, unfortunately while they were running, one of them was caught and it was that one who eventually called others to restore the switch and we immediately had light.

    “But the second day, we discovered to our chagrin that the officials have gone to cut off our community from the central unit at Ise, a neighbouring town. That has been almost a month now and we have been in blackout since. We have written countless letters and attended several meetings all to no avail, before we staged the protest.

    “The second issue that made the youths to protest is the refusal for the only bank here, to offer service to ordinary members of the community while they give service to the chiefs and other highly placed people through the back door.

    “The bank started that partial treatment since the Ikere Bank robbery incident, seven months ago. Those of us who are just ordinary people have to travel to Ado, Ikere or Akoko area of Ondo State to get our money from the banks and some fell into the hands of the robbers on their way.

    “This is why the youth protested, but instead of the Oba to appeal to them, he rather fueled the crisis by ordering them about and even bringing police to clamp down on everyone.

    It wasn’t up to 40 minutes that the Oba left the scene of protest that day, when heavily armed policemen with about 15 patrol vans stormed the scene and began clubbing everyone and arresting anyone in sight.

    “One of us was shot in the leg and the policemen took him off, they also seized motorbikes parked near the scene of the protest. Many were injured.  This infuriated our people and many of them marched to the monarch’s palace to protest the brutality. Over 60 of our young men have been arrested now, “he said.

    BEDC officials who spoke newsmen and asked not to be named because they were not authorized to speak said that the failure of the community to pay electricity bills as at when due was responsible for the power cut.

    Some women in the community expressed anger at the action of the monarch warning him to release their children from police custody or they could be forced to carry out traditional rites that could lead to his removal from the throne..

    One of them who spoke on condition of anonymity said: “Look we are very angry! The women are very angry! Why would Oba Adebayo order his police boys to detain our young men just because theyweare protesting and demanding for their rights?

    “Let me tell you something, we women know what to do to put an end to the reign of this monarch, it’s just that the elderly men have been appealing to us.

    “There is a market which we gather for only when the monarch passes on, we would not hesitate to gather for this market in order to invoke ancestral and traditional powers against the Oba if the ultimatum we have given the monarch to bring back our youth elapses and he failed to do so”.

    The Elemure’s Palace is still being guarded by stern-looking armed policemen since the crisis began while efforts to speak with the traditional ruler have proved abortive.

    Calls made to his phone lines were not answered and neither did he reply text messages sent to him.

    When reporters visited his palace last Thursday, the secretary to the monarch and other traditional chiefs who never hid their hostility refused to comment on the crisis.

    The secretary who refused to give his name said the monarch was not at home and that he (Oba Adebayo) was not favourably disposed to speaking to journalists on the matter.

    The secretary said: “The palace would henceforth, not entertain any journalist coming to ask His Royal Majesty questions and on no account should any reporter record his voice”.

    The state Commissioner of Police, Mr. Taiwo Lakanu, revealed that about 33 persons were arrested in connection with the mayhem.

    Lakanu revealed that the youth invaded the Elemure’s Palace and threatened to set it ablaze while they also threatened to set police station on fire

    The Police chief disclosed that he had to lead anti-riot policemen to the community to restore peace saying the town is calm and promised to ensure that there is no breakdown of law and order.

     

     

     

  • Power outage stalls Atuche’s trial

    Power outage stalls Atuche’s trial

    The trial of a former Managing Director of Bank PHB, Francis Atuche, was stalled yesterday at a Lagos High Court, Ikeja, following power outage.

    Atuche and his wife, Elizabeth, are on trial for the alleged theft of N25.7 billion belonging to the bank.

    The Economic and Financial Crimes Commission (EFCC) is prosecuting the couple  and a former Chief Financial Officer of the bank, Ugo Anyanwu, at the court presided over by Justice Lateefat Okunnu.

    The proceedings could not go on because the court was thrown into darkness.

    The situation was compounded by the malfunction of one of the generators supplying power to the new court complex where the courtroom of the judge was situated.

    The heat in the courtroom, occasioned by the blackout, also made sitting impossible.

    The situation forced the court to adjourn the case till September 26 for Atuche to continue his testimony.

    He earlier denied the theft charge preferred against him by the EFCC.

    The former bank chief said he could not engage in theft as a member of the Catholic faith.

    Atuche also told the court how he grew a mortgage finance company,  Pinnacle Investment Limited and transformed it to Platinum Bank Plc.

    He said the bank merged with Habib Bank, following the mandatory N25 billion recapitalisation policy of the Central Bank under Prof. Charles Soludo.

    The merger, Atuche said, gave birth to Bank PHB, which became one of the strongest banks in the country while he was the managing director/chief executive officer.

  • Residents lament power outage

    Residents of Zone 1, Dutse Alhaji in Bwari Area Council of the Federal Capital Territory (FCT) are lamenting the prolonged power outage being suffered for the past two months.

    The residents, who spoke with our correspondent, said that several complaints had been made to the management of Power Holding Company of Nigeria in Zone 1 but with no positive result yet.

    Gloria Igado, one of the residents, said that the youth in the community made an attempt to stage a protest in January to make known their grievances, but were pacified with the promise that the transformer problem would be tackled .

    “We have been living in darkness for more than two months now, but the authority in charge does not care about what we are going through. We have made different complaints to them, they kept on promising that they would come and fix the problem, that they will replace the faulty transformer, but since then, nothing has been done.

    “We are appealing to the leadership of the council to come to our aid, by providing us with a transformer, so that we will be free from this darkness that we are experiencing now. This is the first time we are experiencing such a thing in this area, and it is crumbling businesses here,” she said.

    Ahmed Ibrahim, another resident, lamented that since the power outage over two months ago, his barbing saloon has not been moving well, the way it used to because he spends more money on generator fuel and this has been having negative effect in his business.

    “This situation is really painful, because I buy fuel on daily basis to keep the saloon moving, and the amount I spend buying fuel on daily basis is really affecting the money I make. Most times I find it difficult to safe money since this power outage. We really need the help of government to restore electricity,” he said.

    Attempts by Abuja Review to speak with the operation manager of PHCN at Zone 1 proved abortive, as an official who preffered anonymity said that the operation manager was not available , but said that there are moves to replace the faulty transformer.

  • Power outage: How  SMEs are coping

    Power outage: How SMEs are coping

    IKE most businesses, small and medium scale enterprises (SMEs) pine under the yoke of epileptic power supply, as most of them commit a large chunk of their resources to provide alternative source of power supply for their businesses.

    The result is that most of them not only end up using up their scarce resources, but the challenge of providing power supply for their businesses has led to the low turnover of most of these enterprises in recent times.

    From foot-ware manufacturers to frozen food vendors, cobblers, dry-cleaners to hairstylists, barbers, vulcanisers, motor mechanics, sound mixers, video rentals, to viewing centre operators, graphics designers to grinding machine operators, printing presses to concrete mixers, pub operators, cafés, photographers, to mention just a few, all have suffered from the bitter pill of power crisis at one time or the other.

    A case in point is Mr. Sola Soetan, who runs a fledging insecticides factory in Matori Industrial Estate in the Mushin axis of Lagos.

    While sharing his experience with The Nation recently, Soetan said the challenge of power has been having a serious toll on his business in recent times.

    “Providing an alternative source of power for our factory remains a major challenge for us to the extent that we have contemplated shutting down many times because of the drain on our resources as we hardly break even,” he lamented.

    But as with all things human, there are a few exceptions. In the midst of this power crisis, some entrepreneurs have been able to find a way around this problem.

    A cross-section of some respondents who spoke with The Nation shared personal experiences of their survival struggles.

    Coping without steady

    power supply

    Mr. Oyebamiji Olamilekan, 25, runs Oyebam Footwear Design, Lawanson Street, Mushin, Lagos, which he set up in 2009.

    Going down memory lane, Lokoso, as he is fondly called by friends, recalled that his business suffered a lot of drawback because he relied mainly on power supply from the Power Holding Company Nigeria, PHCN, at some point in time.

    “Adequate power supply helps us in doing the finishing of our jobs, which are filling and sewing of leather, to make our work look smart and good. But the irony is that with PHCN, this was never adequate to sustain the tempo of manufacturing,” he recalled.

    “Before we bought our generator, we do gather the foot wears which we want to file and sew together in one place until the PHCN supplies power. But then, we have to pile up the job and more often than not, we walk several miles in search of electricity from our friends who are also footwear designers. It was terribly stressful. In order to cope with this stress of epileptic power, I decided to buy a generator, so that we can do the finishing without any stress. And it has been useful and helpful. And we have been able to manage the cost.”

    Like Olamilekan, Mr. Babatunde Felix, 40 years old, is a tailor by profession.

    He tells his story: “I have been running this business for the past six years now. Here we have some sewing machines that require the use of power supply before it can be operated, like the phoenix sewing machine, weaving/sewing machine and industrial sewing machines. We also use electricity for ironing clothes when sewing and after sewing. So, our business can’t survive without light. But unfortunately, we have been at the receiving end due to frequent interruption of power supply which makes us not to rely on PHCN.

    “I brought a generator which is used only for the weaving and phoenix sewing machine, while the industrial sewing machine can only be powered with a high voltage generator and not the smaller ones.

    “What I adopted as a strategy is that I only make use of the industrial sewing machine once we have public power supply through PHCN as well as for ironing. We, however, complement it with charcoal-powered iron, especially if such clothes are multi-coloured clothes. But in some cases we give customers their clothes without ironing. These are some of the measures that have worked for me and business has been running smoothly somehow for me.”

    For Femi Akanni, a young man of 28 years, who runs a barbing saloon at Odumagbo Street, Ilupeju, Lagos, which he set up over three years ago, 2010 to be precise, his survival strategy, in the face of unpredictable power supply, has been what he described as “some form of rationing.”

    “I cannot barb without electricity. In short, I can’t do anything without electricity in this business, because this business needs electricity to survive. To get around this challenge, I had to buy a generator even before I started this business because I knew I will need it, so that I can attend to my customers if there is power cut. But then, I don’t run the gen for 24 hours non-stop but do so only when we have customers. That way, I’m able to manage fuel consumption and still manage to break even at the end. So, my advice to a prospective barber is that they have to be able to ration the way they run their generator, especially if they also contend with the problem of power like some of us do.”

    Mrs. Ronke Badmus, 33 years old, is the Managing Director/CEO of Ronkey Graphic & Design, situated at Dehinbo Street, in the Mushin environs.

    Mrs. Badmus, who has been managing the business since 2009, easily admits that: “Electricity helps us to carry out our work successfully, and without it we cannot work at all, because this business requires the use of electricity. It is the livewire. I have to buy a generator so as to cope with the business whenever there is no power supply, and it has been useful in so many ways.”

    In the view of Azeez Yusuf, who has been running Ononuga Printing Press, a printing outfit, in the last five years, electricity is very important in his line of business, as such, he had to ensure that he had in place an alternative source of power supply to mitigate the perennial power cuts experienced from the PHCN.

    He tells his story thus:

    “All our machines, like Kord 201 cutting machines, need the use of electricity before they can function. Electricity is important in our work, because if there is no electricity we cannot work at all.

    “I bought a Mikano generator, which we make use of whenever there is no power supply, that is how I have been able to cope without power supply.”

    Mrs. Tawa Ibrahim runs a polymer factory, as such, she requires steady supply of power to be able to help in production. But public power supply is hardly ever available not to talk of being adequate at all.

    “The state of electricity is very bad, it is very hard for one to start a business, which will require power in this country. So before you start, you must add in the budget allowance for your generator. I have been into business for seven years, so I know; it’s pretty difficult to survive in the business relying solely on public power supply.”

    Idris Agboola is the owner of My Choice Barbing Saloon, a business he has run successfully for two years now. He recalls that: “I knew the state of power supply wasn’t good before going into this kind of business.”

    One way he has been coping, according to him, is that “I don’t wait for them to bring electricity before I do what I have to do; I make use of my generator 24/7. As such, I can’t advice anyone who wants to go into this kind of business to depend on our power supply in this country because for now, it just can’t work.”

    On his part, Rahseed Ogunowo, who has been managing Unique Barbing Salon in the past five years, says it is contrariwise to rely on public power supply. “We sometimes have power once in five days, so how can I do my business with that kind of power supply?” he queried.

    “It’s impossible to do this kind of business without electricity because with an unreliable source of power supply business will be at a great loss. So, I make use of my generator, but I add more to my price, and, thankfully, my customers understand and things have been going on smoothly as far the business is concerned,” he quipped.

    Lukmon Oluwole, who set up an aluminium frame business in April 2012, said of his experience: “We use electricity in cutting glasses because we cannot cut with our hands. So, we use a glass-cutting machine which requires the use of electricity and also we make use of electricity whenever we need to dig hole into a glass.”

    Pressed further, he said: “Due to the instability of our power supply in Nigeria, I had to buy a generator, which we make use of whenever there is no public power supply.”

    Rebecca Akinola has been running a frozen food store in the heart of Mushin since 2008.

    According to her, “We need electricity to sustain and manage this business. If there is no electricity, all the chickens, turkeys and fishes we have in store will get spoilt, because they need to be frozen and it needs electricity before it can be frozen.

    “I bought a generator, which requires a huge amount of money to get it. But it has been helpful.”

    For Tunde Adeyemo, an electronic technician who began business some six years ago, electricity is the mainstay of his business, as such, he cannot do without it.

    “We use electricity to confirm if what we have done is in good condition and we also use electricity when we want to make use of appliances like soldering iron.”

    One way he complements the meagre public power supply is through the use of a generator and a power inverter.

    “We make use of generator and inverter, which has helped us to cope with our work when there is no power supply. We make use of inverter whenever we don’t have fuel in the generator. So, that way, we are still able to deliver our jobs to the satisfaction of our customers without much of a delay, unlike when we were relying solely on public power supply which was hardly enough not to talk of being steady at all.”

    Damilola Owodunni, a cyber café operator, commenced business in 2011. “We cannot operate without electricity. So electricity helps us to operate and manage our business

    “We bought the necessary thing, which is generator, and it has been useful to us.”

    Just like Owodunni, Mr Israel Adeshina, who runs a cyber café in Igando axis of Lagos, stressed that he hardly ever relies on public power supply for his business.

    “I don’t depend on public power supply to run my business, because I know it’s not stable. I power my cyber café with a generator most of the time.”

    Mrs. Adejoke Adelanwa sits atop as the CEO of God’s Own Frozen Foods, a business she has been running smoothly in the last two-and-half years now.

    Sharing her experience, she says matter-of-factly: “This line of business can’t depend on public power supply, or else it will run down. I have been into this business for two-and-half years now, and have been making huge profit despite the fact that I rely more on power generated through alternative source of power supply like the generator.”

    Just like Mrs. Adelanwa, Mrs. Bisola Lawal runs Bisola Frozen Foods. On her going spirit, she said: “I have been able to stay afloat in business through the use of my generator since 2011. I don’t depend on electricity at all, because if I do all my goods will get spoilt.”

    Ojo Sunday, 32, is a photographer. He opened his photo studio in 2010. “We make use of electricity in the studio to make the pictures which we snap come out good, we also use it for the printing of pictures from the printer which requires power supply to do that and for charging our digital camera. But with a standby generator, we are able to still continue our work unabatedly whenever there is no power supply from the public source.”

    Mr. Tunde Williams produces Wady brand of sachet water. Naturally, he requires steady supply of power to be able to run his business. But sadly, this is not always guaranteed, especially at the peak of production.

    “The problem of adequate power supply in this country is a big one, I must confess, we make use of it whenever we see it, but we don’t depend on it at all,” he grudgingly admits.

    “My generator is always available whenever I need it. To start any business that requires power supply, you must have an alternative, which is a generator. I have been in business for 10 years now non-stop. If you’re able to order your steps as I have done over the years, you will not only break even, but generate enough profit to expand the business on the long run.”

    Mrs, Adebola Ogunmuyiwa has been managing Lady B saloon for the past four years. In those four years, she has relied more on alternative source of power supply than relying on the public source of energy.

    “I was able to cope through the use of generator. What I do is that whenever I have customers I put on my generator, I don’t wait for power supply because it’s not reliable at all. I make profit, because I charge more when I make use of my generator.”

    Mr. Godwill Peters runs a dry-cleaning business, which he set up in 2012. Acutely aware of the problem of incessant power cuts, he has never relied on public power supply since he set up shop.

    “I didn’t even bother to connect electricity to my shop, because it’s not stable at all. Since I started business, I have been making use of my generator, though it costs more, but I prefer it.”

    For Mr. Felix Goodluck, who manages Blessed Computer Works and Stationeries Stores, he attributes his staying power in business to the divine. “I have been coping by the grace of God. When customers come to make photocopies, or do any kind of computer jobs, I put on the generator and when I’m through I put it off, and if there is power supply, all well and good. The business is three months old. And I can tell without any fear of contradiction that I’m making profit. Or who will enter into a business that is not yielding profit?” he quipped rhetorically.