idupaul:
As usual they attempt to Justify their wickedness and thoughtlessness by comparing our VAT rates with that of other countries again without also informing us if South Africans use generator from morning till night to run business or if South Africans contribute money to fix pave their streets and provide thier own security, they also failed to tell us if all south Africans have to buy dispenser bottled just to drink water , whether south Africa spends 80 percent of it revenues paying salaries of Govt appointees that do little or nothing ...

omenka:
I'd suggest palliatives be put in place to cushion the inevitable rise in prices of commodities should this policy see the light of day- the wallets of average Nigerians have been stretched to their elastic limits already.

idupaul:
Minimum wage and allowances have been reduced ,electricity tariff increased by 50 percent, fuel prices increased by 70 percent, exchange rate destroyed and now increment in VAT ..Mark my words Buhari will turn Nigeria into one of the poorest places on earth. .I pray to God to remove and correct this economic mistake of a man

jpphilips:



It was a proposal by RAMFAC it hasn't been accented to by the president yet. Obasanjo turned it down during economic melt down, it is unlikely buhari will run along at low crude prices, I don't know if you are aware that Buhari did not support subsidy removal if not the bombing that left everyone with no choice, I can bet my left ball you have no idea buhari did not support floating the naira (devaluation) till it got to a point where we could no longer afford to fix the naira.
If i were you, instead of hating Buhari, pray for peace and progress because many economic uncertainties is bound to leave the leadership with no choice. Nigerians must be circumspect of their actions and understand that every action has a reaction, that way we may likely escape the unforeseen.

omenka:
I'd suggest palliatives be put in place to cushion the inevitable rise in prices of commodities should this policy see the light of day- the wallets of average Nigerians have been stretched to their elastic limits already.

idupaul:
Minimum wage and allowances have been reduced ,electricity tariff increased by 50 percent, fuel prices increased by 70 percent, exchange rate destroyed and now increment in VAT ..Mark my words Buhari will turn Nigeria into one of the poorest places on earth. .I pray to God to remove and correct this economic mistake of a man

idupaul:


Obasanjo and Jonathan were proposed 10 naira for the RFMAC to suggest 7.50k show it has been deliberated with the presidency ..it will certainly be increased by Buhari..remember that there is a 50 tax on most bank transactions these days that is not even being accounted for .how can I hate a man I campaigned and voted for ..his incompetence just irritates me these days..the man won't achieve nothing

Odani:



my dear we live in a country where the govt take pride in inflicting pain on its citizen,

idupaul:
As usual they attempt to Justify their wickedness and thoughtlessness by comparing our VAT rates with that of other countries again without also informing us if South Africans use generator from morning till night to run business or if South Africans contribute money to fix pave their streets and provide thier own security, they also failed to tell us if all south Africans have to buy dispenser bottled just to drink water , whether south Africa spends 80 percent of it revenues paying salaries of Govt appointees that do little or nothing ...

jpphilips:


I can't make out anything from what you wrote, are you epileptic?

carmag:


.Gbam"" well said

If they must compare their vat /tax to that of South Africa they should start by providing basic amenities equal to that of South Africa which they
supply to their citizens in abundance, with good road net work and no visibility of potholes.

in fact they build millions of free houses for low income earners yearly,and some of the welfare that government provides are as follows :

free education up to secondary school level With free lunch

free medical Care including foreigners.

accident fund

old age grants, women 63yrs men 65yrs

child grant up to18yrs, i e for low income single parents

Hiv patient grant

T B patient grant

Educational trust fund for higher institution. i.e pay in instalment when you start working

this is just to mention a few

Nigeria government is a fraud simple

kaz4sure:
Another questions that keep bothering my mind is that why should VAT be collected at the federal levy?

Each state can collect their VAT and use it to develop their states rather than this monthly federal allocations of VAT where some lazy governors share from what they have not even contributor for.

14:


isnt it because the nigerian budget is 5 times lesser than that of SA. NIGERIAN budget 2016 is $21bn and South african budget 2016 is $100bn