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Nairaland Forum / Nairaland / General / Politics / Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report (14302 Views)
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Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by ivolt: 12:28pm On Sep 03, 2023 |
Kukutente23:Nigerians pay taxes in Naira. The government can also determine Naira in circulation by printing. A significant portion of essential Nigeria goods are imported and requires Forex. Even if oil revenue make up just 1% of government earnings, it will still carry disproportionate economic power relative to non-oil revenue until the import and Forex crisis caused by indiscriminate borrowing is solved. If you dig deeper, some of the non-oil revenue is just a name dressing. Taxes paid by government workers are also included, even though the workers are paid with oil revenue or oil-backed debt. A country gains wealth via manufactured goods & services or natural resources. No magic can change these options. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Alliswell248: 12:42pm On Sep 03, 2023 |
Racoon: No wonder they calls you...the unlearned and uncultured. Was Tinubu your President during the first quarter of the year.? Your education was a waste. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Alliswell248: 12:44pm On Sep 03, 2023 |
Yankee101: Read the content....and stop disgracing your education. Was Tinubu your President in the first quarter of the year. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Yankee101: 12:53pm On Sep 03, 2023 |
Alliswell248: Maybe you didn’t know that all the major ministries were at one time or the other Tinubu’s nominees If you separate Tinubu from buhari you’re the one disgracing your education Fashola - works Lai - information Aregbe - internal affairs Etc 1 Like |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Error401: 1:25pm On Sep 03, 2023 |
Can you explain? kenny714433: |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by emmy9500: 1:32pm On Sep 03, 2023 |
Smithkafors: Try and read please 🙏 |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Timmi: 1:45pm On Sep 03, 2023 |
DukeNija: It is obvious you lack comprehension. The data presented was for the first quarter of 2023 but because you are consumed by lies and propaganda and rather wail, you fail to read and understand before drooling and salivating over the data. You need to go back to your school and collect your school fees and apologize to your parents and village people for wasting money on you. Mitchew |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Kukutente23: 1:45pm On Sep 03, 2023 |
ivolt:1. Whose fault is it that a significant portion of our essential goods demand forex? It is the political elites. They are the ones who import lexus cars at the cost of 250m each. The forex crisis is also exacerbated by the hoarding of forex by same elites. Do you know most now keep a good portion of their loots in foreign currencies as well. That said, I understand your point. But you should know Nigeria is one of those countries that suffer from having a large number of elites with no tangible contribution to its economy. E.g Wike, Saraki, FFK etc and even the sitting president. Consider their monetary value in relation too their economic activity and you'll see a massive distortion. That's why politics is the most lucrative job in Nigeria presently. They even hire online defenders!! 1 Like |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by austinooo(m): 1:55pm On Sep 03, 2023 |
Many people don't read and I was surprised they are blaming Tinubu. Was he the one spending in the first 3 months of 2023? Lazy to read people |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Alliswell248: 1:58pm On Sep 03, 2023 |
Yankee101: Kontinue your noise.... It's affects you only.... Increase the wailing. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by MEGAWATCH: 2:24pm On Sep 03, 2023 |
kenny714433: So what are we in now? INCEPTION, I guess? |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by femtan: 2:31pm On Sep 03, 2023 |
DukeNija: This is out of point . The new govt took over May 29. First quarter ia btw Jan and March. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Cti28(m): 2:54pm On Sep 03, 2023 |
lionshare:That is what the media says. The truth is most of these tax does not get to the government coffers |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by lionshare: 3:09pm On Sep 03, 2023 |
Cti28:I agree this is why we need to centralize & automate revenue collections. 1 Like |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by lionshare: 3:11pm On Sep 03, 2023 |
Lastmankc:God Bless You! |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by frankson1(m): 3:49pm On Sep 03, 2023 |
DukeNija: Has Tinubu stayed up to 3 months 1 Like |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Ezmans: 3:58pm On Sep 03, 2023 |
BafanaBafana:what of hotel reservations for side chicks 1 Like |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by 00FFT00(m): 4:09pm On Sep 03, 2023 |
Buccalcavity2: Look, try to discuss at your level of competence. Do not jump into every discussion because data has become cheap. Shey people who received these remittances from abroad spent them in Ghana?. When they pay hospital fees, tuition fees, buy at the markets, pay T-fare, buy gala and coke, how much VAT do you think they paid?. What is the definition of income in your mind?. How much of that money do the manufacturing industries pay as taxes to the government?. Do you even have any idea what a monthly remittance of over $2 billion is to today's Nigerian economy?. What was your national budget in 2021 and what percentage of that budget does $25 billion represent?. Too many questions, I agree, but I'm trying to jumpstart your knucklehead. Some of you go just open mouth waah, dey talk nonsense. Oluwole economists . Na free oil money wey una "govno" dey go Abuja collect monthly I blame. Nigeria can easily earn $100 billion a year in remittances from abroad if the government develops and exploits a carefully structured program to export our unemployed graduates trained under our subsidized tertiary education (mis)system. Our population is exploding and so is the number of youths, both educated and uneducated, entering the workforce every year. In a non-producing country like Nigeria, what is the plan to avert a looming national youth unemployment disaster that will soon engulf this country?. I do not get time today, chuck mouth for my matter another time wey I get a few minutes to spare make I educate you and your fellow ITK comrades. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by bdon12: 4:09pm On Sep 03, 2023 |
Kukutente23:I do...nigerians dont pay tax like others bliev me. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by 00FFT00(m): 4:10pm On Sep 03, 2023 |
Kukutente23: Abeg, rest Helinus. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Kukutente23: 5:20pm On Sep 03, 2023 |
bdon12:I don't believe you. Nigerians pay taxes |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Shimran(m): 7:16pm On Sep 03, 2023 |
OGIBRA: In the month of January, February and March of 2023 |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Bigkoko: 7:29pm On Sep 03, 2023 |
The reason why astute entrepreneurs like me root for HE Peter Obi is because he's fiscally responsible and prudent in managing scarce resources! The same can't be same about Asiwaju who is wealthy without Enterprise accompanying it! Islie: 1 Like |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Buccalcavity2: 8:02pm On Sep 03, 2023 |
00FFT00:Many words no substance. Brevity is the soul of wit. VAT is FG revenue. How is diaspora remittance FG revenue is the question not how can it be turned to revenue. Empty skull! The thread is about fiscal matters |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by 00FFT00(m): 8:10pm On Sep 03, 2023 |
Buccalcavity2: Sorry, my bad. I should've known not to respond to a compound idiot. Your academic education is a complete waste, if you received any, that is. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Buccalcavity2: 8:14pm On Sep 03, 2023 |
00FFT00:Shut up! You goofed. Face it! Started grappling at straws to save face. Now you focus on your area of competence for national peace! |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by BALLOSKI: 8:36pm On Sep 03, 2023 |
Smithkafors:You want to blame him for this one,too? |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by bdon12: 2:02am On Sep 04, 2023 |
Kukutente23:How mch tax do u pay for ur car?do u pay LGA tax where u live? Abroad,d cost of tax n car insurance supersedes cost pf d car. U pay council tax N u pay more to d federal govt than we do here. |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Kukutente23: 7:58am On Sep 04, 2023 |
bdon12:What is LGA tax? I pay tax for my car. It's called vehicle renewal and inspection tax. If I'm using a car for commercial purpose, I pay some other taxes on it. That's a lie. The cost of car tax does not supersede its cost in the abroad. And Nigerians pay tax of all forms. You're obviously not a smart zombie |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by bdon12: 9:01am On Sep 04, 2023 |
Kukutente23:U hav not lived abroad. U are a local man obviously. Cost of insurance/tax on cars most times xceed total cost of purchase of car.e.g buy a car for £2000 n d paper work for u to use that car can be up to £3000 in uk.To acquire drivers licence alone wit test n all will cost over £3000 I hav travelled to over 15 countries mr ignorant n yet u tink m d zombie.stupid local ignorant man |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by Kukutente23: 10:13am On Sep 04, 2023 |
bdon12: This dude is boasting over a £2000 car. Are you aware that's just N2m car you're boasting of? What's now the difference between you that have traveled to over 15 countries and the average Nigerian that you're boasting of 2m car. Besides, you're an incorrigible liar. The cost of driving licence in UK is just £34. Show me the licence you got for £3000 you incorrigible lying zombie. A car of £2000 will cost more in tax due to gas emissions tax which cannot be up to £2000 as you claim. Sitting down in your village and claiming to travel to 15 countries. Same you who doesn't even know Nigerians pay tax on cars. Do you even have a car to start with? |
Re: Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report by pharmagba: 10:41am On Sep 04, 2023 |
DukeNija: My brother, please read and comphrend well The information was for first quarter |
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