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Nairaland Forum / Nairaland / General / Politics / Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation (9987 Views)
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Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by treesun: 9:20am On May 15 |
The Federal Government has charged tax practitioners to work harder in getting more revenue from taxes, stressing that tax revenue is currently the highest income source for the federation.https://punchng.com/tax-now-highest-revenue-source-to-federation-fg 8 Likes 4 Shares
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Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Righthussle: 9:25am On May 15 |
Our leaders will dance as David danced as they read this news. More money to loot. 44 Likes 1 Share |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by CodeTemplar: 9:25am On May 15 |
What about accountability. 16 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by AqualinaXYZ: 9:32am On May 15 |
Them take tax swear for Tinubu Zaccheus for Bible na apprentice where Tinubu dey At the end of taxation he go carry 80% go sniff cocaine then starts sleeping from Europe to Asia at every important meeting with other world leaders 92 Likes 6 Shares |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Ofunaofu: 9:33am On May 15 |
"Widen the tax net and reduce the purchasing power of the people" --Bola A. Tinubu 83 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by SoNature(m): 9:59am On May 15 |
That's the way it should be. However, this government should invest more in oil and gas to grow Nigeria's FX. That will save our ailing naira 4 Likes 4 Shares |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by givedemwotowoto: 10:00am On May 15 |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by StPete: 10:03am On May 15 |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Paraman: 10:03am On May 15 |
Tinubu is on the right path Tinubu till 2031 4 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by RealTrump: 10:03am On May 15 |
Tax collector |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by StPete: 10:03am On May 15 |
fff |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Danjuma04(m): 10:04am On May 15 |
Tinubu is working 2 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by PisciMan: 10:04am On May 15 |
Wawu 6 Likes
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Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Dpharisee: 10:04am On May 15 |
Because they continue to steal the oil 6 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Eriokanmi: 10:05am On May 15 |
So, the naira should regain strength. Another propaganda loading 2 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Chibuzoc(m): 10:05am On May 15 |
rise am |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by emkz: 10:05am On May 15 |
This is great. In countries like the UK, US ans Canada, taxes contribute to government revenue and are channeled to public use. Another thing that must be done is bringing back tollgates. In most advanced countries I have visited, major roads are tolled. Apart from revenue, such funds are used to maintain such assets for public good. For example, if you are entering any state, you pay your toll. For states with large local government areas, you can toll each local government area's entrance. One question that arose during the presidential campaigns was revenue generation and addressing the debt burden. Previous administrations never defaulted in honouring debt obligations. The revenue drive by the Tinubu administration is also sensible. May I also suggest the Ministry of Finance looks into some government assets that are not income generating or expensive to maintain and sell them off or lease them? For example, Federal Secretariat in Lagos can be bought by the Lagos State Government or private partners and convert it to profitable use like block of apartments? Also, we do not know why NNPC and FG still hold on to refineries. Might be useful to sell them off. How about Ajaokuta Steel Mill? Can't someone like Adenuga or Dangote buy it off and make it productive? Our wealthy men are looking for where to put their money. The FG needs to open the space for them. Our banks are profitable. There are critical sectors of the economy they can pour funds into. When the economy is moving, foreign investors would want to come since their motivation is not charity but profit. 44 Likes 2 Shares
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Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by CooldipoMPS: 10:06am On May 15 |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Hndrrxxx(m): 10:06am On May 15 |
Zxd 1 Like 1 Share |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by princefunmmy(m): 10:07am On May 15 |
Na we citizens dey fund politicians Lifestyle now?? Even oil money no reach again. 6 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by illuminutty: 10:07am On May 15 |
Tinubu is just a tax collector. He does not know economics 101. 12 Likes
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Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by TheDemola: 10:08am On May 15 |
Well done Tinubu. Keep on suffocating us |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by firearcher: 10:09am On May 15 |
Lol. I always smile when Nigerian commentators claim tax payers money on TV because I know the Nigerian government at national and subnational levels largely don't rely on tax revenue. They rely and depend on oil money. And I guess we are cool with it as long as government doesn't disturb us for taxes. And that's why most can spend and steal anyhow because they really didn't work for it and their citizens also cannot seriously claim that their "tax payer" money is being mismanaged and stolen. What they can claim is that politicians alone are stealing "common wealth" forgetting that this "wealth" is coming from a part of the country and we are only laying claim to them by association in this union called Nigeria. When Nigerians truly start parting more with their hard earn money in form of taxes, we will start holding our government more accountable. 6 Likes 1 Share |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Konquest: 10:11am On May 15 |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by VeeVeeMyLuv(m): 10:11am On May 15 |
You are not ashamed to say this 1 Like |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by 89green: 10:11am On May 15 |
APC urchins don't pay tax |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Nwaokunkpara: 10:12am On May 15 |
Come 2027 people will still vote APC after all these sufferings |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by id4sho(m): 10:14am On May 15 |
Chai |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by oluwaseyi0: 10:15am On May 15 |
Ofunaofu: Yeah as he said this may further slow down the economy 1 Like |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by grandstar(m): 10:16am On May 15 |
This is some good news. Nevertheless, deregulate the prices of petrol and electricity. In addition, slash company tax to 12.5%. 2 Likes |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by slivertongue: 10:17am On May 15 |
that is what Tinubu wants to boast about |
Re: Oluwatoyin Madein: Tax Now Highest Revenue Source To Federation by Mexyz(m): 10:17am On May 15 |
I get angry anytime I see where the useless politicians in Nigeria talk about going to Abuja to share monthly allocation(FAAC) This people just sit down through out the month and go to FCT to share money to themselves at the end of the month, no ideas or plans to develop each State. I really need to know something, are we practicing the same system of government as the USA? If yes, do they go to Washington monthly to share money to each states or every state keep what they get as revenue and pay some percentage to the central government? 4 Likes |
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