MissEdified:
Finance Minister Kemi Adeosun has revealed that more than 800,000 companies in Nigeria, including government contractors, have never paid any taxes.


In a statement, she also said that only 14 million Nigerians, out of an economically active base of 70 million, paid taxes.


Of the 14 million, more than 95% were salary earners in the formal sector, but only 241 people paid personal income taxes amounting to about $65,500 (£50,000) in 2016, Ms Adeosun said.


There was "systematic tax evasion at all levels", and the government planned to step up efforts to increase tax collection, she added.


This would help reduce government reliance on oil revenue, Ms Adeosun said.


http://www.newshelmng.com/2017/11/in-nigeria-over-800000-firms-have-never.html

FarahAideed:
Has this silly woman checked if those firms are making any profit at all..Maybe when Fashola starts to fix roads the people will see the need to pay taxes..Under Buharis govt 80 percent of Nigerian firms are posting losses on the P & L ..I know how much my then startup paid as tax under Jonathan but since Buhari came we havent paid zilch because we are now running a reckless balancing game just to stay afloat ...Buhari is a demon

FarahAideed:
Has this silly woman checked if those firms are making any profit at all..Maybe when Fashola starts to fix roads the people will see the need to pay taxes..Under Buharis govt 80 percent of Nigerian firms are posting losses on the P & L ..I know how much my then startup paid as tax under Jonathan but since Buhari came we havent paid zilch because we are now running a reckless balancing game just to stay afloat ...Buhari is a demon

babaolofin:


So your startup company paid tax under Jonathan when oil sells between $118 & $140 per barrel and Jonathan did not save kobo, but rather he borrowed heavily & depleted the reserves OBJ left from $60 billion to about $30 billion. What a conspiracy, you, GEJ & your sister Okonjo Iweala deserve the best award in corruption & management

VulgarVulvas:
This idiot will just be spewing trash


You are the Minister of finance and not the head of FIRS or the Auditor-General or Accountant-General

If you want to make yourself useful for once go and clean up the rot ongoing in Customs under your big nose.

Foolish cunt

babaolofin:


So your startup company paid tax under Jonathan when oil sells between $118 & $140 per barrel and Jonathan did not save kobo, but rather he borrowed heavily & depleted the reserves OBJ left from $60 billion to about $30 billion. What a conspiracy, you, GEJ & your sister Okonjo Iweala deserve the best award in corruption & management.

VulgarVulvas:
This idiot will just be spewing trash


You are the Minister of finance and not the head of FIRS or the Auditor-General or Accountant-General

If you want to make yourself useful for once go and clean up the rot ongoing in Customs under your big nose.

Foolish cunt

fyneguy:


You are a shameless illiterate!

What does the Finance Minister do?

Get an education!

VulgarVulvas:
This idiot will just be spewing trash


You are the Minister of finance and not the head of FIRS or the Auditor-General or Accountant-General

If you want to make yourself useful for once go and clean up the rot ongoing in Customs under your big nose.

Foolish cunt

EmoBoy:
Why should I pay taxes to the God forsaken country?

Jolar101:


These kind of lies and blames has expired.

GEJ didn't blamed OBJ. Only a visionsless politicians in government have nothing to offer but blames other people instead of taking responsibilities they were elected for.

FarahAideed:
Has this silly woman checked if those firms are making any profit at all..Maybe when Fashola starts to fix roads the people will see the need to pay taxes..Under Buharis govt 80 percent of Nigerian firms are posting losses on the P & L ..I know how much my then startup paid as tax under Jonathan but since Buhari came we havent paid zilch because we are now running a reckless balancing game just to stay afloat ...Buhari is a demon

FarahAideed:
Has this silly woman checked if those firms are making any profit at all..Maybe when Fashola starts to fix roads the people will see the need to pay taxes..Under Buharis govt 80 percent of Nigerian firms are posting losses on the P & L ..I know how much my then startup paid as tax under Jonathan but since Buhari came we havent paid zilch because we are now running a reckless balancing game just to stay afloat ...Buhari is a demon

babaolofin:


Silence is the best answer for a ............... If I respond you cannot comprehend. Is it a lie that between 2008 & early 2014 oil sells between $118 to around $140 / barrel? Is it a lie that the government borrowed heavily?
Is it a lie that OBJ that met oil less than $20 per barrel negotiated loan settlement when oil was less than $70 / barrel? Is it a lie that OBJ left almost $60 billion in reserve & other offshore investment? Is it a lie that GEJ left less than $35 billion in Reserve with a defence contract which is a deficit to the reserve in excess of $10 billion.

When your future was mortgaged , you can start Igbos cry. Do you think everybody on social media lacks intellect.

Jolar101:


Now that Buhari is a minister of petroleum let him and his corrupt cabals do their jobs. You said GEJ's government left zero saving, was it Buhari's personal money they had been using to visiting over 20 countries immediately they came to power

babaolofin:


I am repeating my response because of the Ibos. I challenge them to an intellectual debate.

So your startup company paid tax under Jonathan when oil sells between $118 & $140 per barrel and Jonathan did not save kobo, but rather he borrowed heavily & depleted the reserves OBJ left from $60 billion to about $30 billion. What a conspiracy, you, GEJ & your sister Okonjo Iweala deserve the best award in corruption & management.

VulgarVulvas:
This idiot will just be spewing trash


You are the Minister of finance and not the head of FIRS or the Auditor-General or Accountant-General

If you want to make yourself useful for once go and clean up the rot ongoing in Customs under your big nose.ignorance is a disease. She is the minister of finance and all those you mentioned except the auditor general are all under what ministry ?

Foolish cunt

babaolofin:


I requested for an intelligent debate and not this type. OBJ met $5.5 billion in reserve in 1999 with ambiguous debt, yet he travelled a lot. I said what GEJ left is the leftover of the almost $60 billion OBJ left in 2007 depleted by almost $25 billion by GEJ government.

What happens to the money made from oil from 2007 to 2014 without any saving.