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Nairaland Forum / Nairaland / General / Politics / Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall (6965 Views)
I Will Use Extra Oil Income To Boost Infrastructure - President Buhari Says / Nigeria’s Revenue Can’t Sustain Interest Payment On Debt – World Bank / Nigeria’s GDP Crashes To 25-year Low (2) (3) (4)
Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Adesiji77: 9:00pm On Apr 24, 2016 |
Nigeria’s revenue fell last month to the lowest level in more than five years as taxes and oil earnings dropped, making it more difficult for the government of Africa’s largest economy to pay public workers. http://businessdayonline.com/2016/04/nigeria-revenue-drops-to-5-year-low-as-tax-oil-income-fall/ 1 Like 1 Share
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Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by dunkem21(m): 9:14pm On Apr 24, 2016 |
E go rise again 3 Likes |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by nnachukz(m): 9:28pm On Apr 24, 2016 |
Why won't they be drop in revenue gotten through tax when companies who pay tax are parking out of the country on daily basis due to kindergarten economic policies of dullardkpo. All of us will keep suffering for this man's cattle brain. 33 Likes 6 Shares |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by feldido(m): 9:57pm On Apr 24, 2016 |
Which way Nigeria? 4 Likes |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Pidggin(f): 10:13pm On Apr 24, 2016 |
If Buhari keeps standing his ground, this country will eventually be destroyed 22 Likes 2 Shares |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Sirmuel1(m): 7:54am On Apr 25, 2016 |
Everything just dey upside down, na wa oh 3 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Sunnycliff(m): 7:55am On Apr 25, 2016 |
Buhari should do as he said during his campaigns of stabilizing the Oil Prices! We no he is a talk and do leader and not in the likes of Lai Moh'd! #adullardisadullard 2 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Nobody: 7:55am On Apr 25, 2016 |
Nigeria's economy going down. the only thing going up is price of dollar, price of commodity and price of fuel anyways, Buhari after 2019 16 Likes 3 Shares
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Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by kobonaire(m): 7:55am On Apr 25, 2016 |
Agriculture .... make Nigeria great again 1 Like |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by rozayx5(m): 7:55am On Apr 25, 2016 |
well if the dullard in aso rock knows his onions he shud know this is the time to sit back home and work. not wasting scarce fx junketing 12 Likes 2 Shares |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by DonEffiong(m): 7:55am On Apr 25, 2016 |
where are the Zombies? well mr. lai lie will soon come and put the blame on jonathan 9 Likes 2 Shares |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by lilprinze: 7:56am On Apr 25, 2016 |
In less than a year that APC and buhari came in to power they have destroyed our economy. 19 Likes 3 Shares |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by clems88(m): 7:56am On Apr 25, 2016 |
Nigeria which way. So we should be dancing. Meanwhile today is my birthday guys show me some love 8 Likes |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by oshe11: 7:57am On Apr 25, 2016 |
wow! Buhari breaking records like Messi n Ronaldo Combined since May 29 2015 3 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by VampireeM(f): 7:57am On Apr 25, 2016 |
sometimes I wonder how PMB's economic team explains the country's economy to him cause he seems to be clueless with no inept knowledge on how to handle Nigeria @ the moment... someone who couldnt develop himself all through the yrs running this country @ a modern age The sooner the Junketeer-in-chief sits his ass down and ve a deep thought on how to handle all these crisis the better for us instead of blaming the previous admin. Afterall no one begged him to contest for presidency. What a useless stagnant government 18 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Nobody: 7:57am On Apr 25, 2016 |
Sad....but it is to be expected. Many GEJites would blame Buhari for the situation, without understanding how a resource dependent economy works. Simply put, Nigeria's economy from the word go has been resource dependent. When the price of the resource you are selling is high, you have enough forex to buffer the Naira and at the same time import everything for your needs. (A good example....Gowon saying in 1974 that Nigeria had so much money, the problem was deciding what to do with it. In 1973...oil prices had gone up massively) But when oil prices fall....everything goes down with it too.No forex to import,no forex to buffer the currency....so you have no choice but to restrict forex. Loosening release of forex means massive inflation. What should we do? Like I have said many times here....spend more money on infrastructure support....for industries....while rely less on one or many resource. (Mining and agric won't help much. Prices too drop there. Eg...Zambia is suffering as a result of a drop in copper prices,its main export)> High time Nigeria....and most African countries stopped depending on raw materials. GEJ's economic success....was based on the false foundation of high oil prices.Our future lies in manufacturing....but we will get there via a long hard time. 7 Likes 4 Shares |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by easyfem(m): 7:58am On Apr 25, 2016 |
I don't wanna call anyone ode but some pple will blame buari for diz Let us pray |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by lilprinze: 7:58am On Apr 25, 2016 |
latter some zombies would say GEJ and PDP were clueless buhari and APC are the true definition of cluelessness. 9 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by NwaEzefuNaMba(m): 7:58am On Apr 25, 2016 |
The ineffectual buffoon is better than the shameless dullard from duara. 4 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by sinistermind(m): 7:58am On Apr 25, 2016 |
We agree that devaluing the naira might not be to the benefit of Nigerians, but so far, what steps and policies has been put in place that can strengthen the Naira, keep investors in country and boost the economy? 1 Like |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by malton: 7:59am On Apr 25, 2016 |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Beehshorp(m): 7:59am On Apr 25, 2016 |
Everything for dis. Country don fall... Yet Zombies no go ever see am... Na dem I dey pity pass... Being blind and ignorant... Which way zombies? 4 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by iiichidodo: 8:00am On Apr 25, 2016 |
How are you going to increase tax when half the investors here have closed shop due to your dumb policies and inactions.....Dear Brain Dead President. 9 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by thefakestan: 8:00am On Apr 25, 2016 |
Very soon @ this rate FG may need bailout too. ThefakeStan 2 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by crestedaguiyi: 8:01am On Apr 25, 2016 |
Na wa 1 Like |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by johntaiwo123(m): 8:02am On Apr 25, 2016 |
K |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by DONMAYOR19(m): 8:02am On Apr 25, 2016 |
bubu is doing extremely well..............zombies 1 Like 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by kynbasil01: 8:04am On Apr 25, 2016 |
kobonaire:there is no hope for Agriculture bro, even budget of ministry of information is bigger than that of Agriculture when they are talking of diverting of economy to Agriculture.... secondly, those that are managing to do Agriculture in there own way are now been threatened by Buhari's kinsmen the FULANI HERDSMEN... so the future of Agriculture is this country is bleak for now 13 Likes 1 Share |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by prinsam30: 8:04am On Apr 25, 2016 |
The best strategy to use in neutralizing your enemies is by loving them the more Good morning my beautiful people 1 Like |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by 49cents(m): 8:04am On Apr 25, 2016 |
This Zoo must fall 3 Likes |
Re: Nigeria Revenue Drops To 5-year Low As Tax, Oil Income Fall by Nobody: 8:04am On Apr 25, 2016 |
lilprinze: GEJ's economic success was based on the false foundation of high oil prices. Even if he came back now...he would do what Buhari is doing right now. And you will be telling us about saboteurs. Either way.....our road out of this hardship is via the narrow path to industrial devt based on local raw materials. (Not GEJ's car factories that ran on imported car parts made abroad....and assembled in Nigeria) 6 Likes 2 Shares |
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