That is why on the other Thread, i refuse to be proud of ma state when som other guyz were proudly callin out them states......

BiafraIShere:
Which Kogi abeg? This is a big fat lie! I know Kogi very well, I'm not hating but this is a lie. Aside Dangote cement factory at Obajana, what else of economic significance is there in Kogi? Lokoja has no industry, Okene may have one or two, kabba, Ankpa, Dekina etc nothing of worth, so where is the #1 billion coming from? Ok from the abandoned Ajaokuta iron and steel complex. Nigeria self with throwing numbers!

The one billion IGR is coming from the unpaid workers salaries

Anthony478:



SMH. pls what other means primarily do state generate internal revenue? i want answers asap

OGHENAOGIE


PPI: Public Private Investments.

PFPI: Public Financing of Private Innovations eg YOUWIN.


PMPFLP: Public Marketing Platforms For Local Producers.

PPFAIALP: Public Platforms For Angel Investors And Local Producers.

PPELP: Public Private Export of Local Produce eg A Governor buying yams from her indigenous people at #1500 and then selling to an exporter at #4500 who in turn sells at #7,000 - #10,000
overseas



These 5 things are the structures that must exist in order to make an economy taxable.


These are also other means of generating revenue .

HiddenShadow:



There are other means of generating IGR outside tax.

what are d other means

brodalikeme:
Good one but ironically aside Lagos, internally generated revenue those not have any positive impact on the lives of the citizenry except the chief servant of the state

are lagosian feeling much impact self

raker300:
Op said 1billion naira
Wch is around 300000 dollars
Take note

do your calculation ag ain.

raker300:
Op said 1billion naira

Wch is around 300,000 dollars

Take note

Also take note the tax base is 400k. Thats less than a dollar a month the state is collecting.

Part of the 1 billion must be staff salary and all other wages wicked government acting like somebody under spell. Syphoning state virtues to build university in Benue state and all other unknown investment

Big lie

HiddenShadow:



OGHENAOGIE


PPI: Public Private Investments.

PFPI: Public Financing of Private Innovations eg YOUWIN.


PMPFLP: Public Marketing Platforms For Local Producers.

PPFAIALP: Public Platforms For Angel Investors And Local Producers.

PPELP: Public Private Export of Local Produce eg A Governor buying yams from her indigenous people at #1500 and then selling to an exporter at #4500 who in turn sells at #7,000 - #10,000
overseas



These 5 things are the structures that must exist in order to make an economy taxable.


These are also other means of generating revenue .

Coming up with fancy new acronyms is easy, but can you show a single developed country, or constituent part of such a country, that counts such terms as major sources of funding? Because I’ve been to much of Europe, East Asia and North America, and everywhere I went the main source of government revenue was the same - taxation, be it in the form of income tax, sales tax or customs duties.

omohayek:

It is the primary means of doing so in most countries, so what exactly is the problem? Only in messed-up places like Nigeria do citizens expect "free" services from government without having to pay anything for delivery, a ridiculous expectation caused by decades of oil rents.

What is paid in taxes is insignificant compared to oil money anyway. The state of 3 million as of last census generating only 12 billion a year. The tax base pays N2,500 a month.

Blue3k2:


What is paid in taxes is insignificant compared to oil money anyway. The state of 3 million as of last census generating only 12 billion a year. The tax base pays N2,500 a month.

Which makes it all the more bizarre to hear all the complaining about “heavy” taxes. I wonder how many of those complaining would manage in a typical European country with 20% VAT and top income tax rates of more than 40%! I know they’ll just spout nonsense about how the government should first give them the benefits that will justify the taxes, but how exactly is that supposed to happen without the sort of heavy borrowing people condemn Osun for?

You just made your calculations unnecessary complex by multiplying by 12 and later dividing by 12. Why didn't you just divide the N1 bilion by 400, 000 right away and arrive at N2,500/month ?

Blue3k2:
The ending is funny. Their nonchalant attitude matches the states attitude about paying workers and probably delivering serve. Anyway nothing wrong with raising revenue but use it effectively.

Quick math for anyone claiming this is fake. This isn't big yearly tax bill.

N1 billion • 12 months = N12 billion per year.
N12 billion / 400 thousand tax base = N30 thousand per year = N2,500 per month.

The rest of the states funds comes from federation account.

BOLD FACE LIES. THE STATE WAS GENERATING 600 MILLION MONTHLY DURING WADA'S TIME. HOW CAN BELLO NOW COME AND SAY IT IS 300 MILLION. HOW DOES HE EXPECT US TO BELIEVE HIS 1 BILLION FIGURE. IF NA TRUE, I DARE HIM TO RELEASE A BREAKDOWN. MOST OF IT WILL BE DEVELOPMENT LEVY FROM THE OVER INFLATED BOGUS CONTRACTS HE IS AWARDING. KOGI HAS BEEN DESTROYED.

eaglebeliever:
You just made your calculations unnecessary complex by multiplying by 12 and later dividing by 12. Why didn't you just divide the N1 bilion by 400, 000 right away and arrive at N2,500/month ?

The yearly calculations was to show big picture. A state of millions only 12 billion naira. Then the tax base with the millions only pays insignificant amount.

We should borrow wings and fly ba? As if they will use the money for the betterment of the masses.

omohayek:

Coming up with fancy new acronyms is easy, but can you show a single developed country, or constituent part of such a country, that counts such terms as major sources of funding? Because I’ve been to much of Europe, East Asia and North America, and everywhere I went the main source of government revenue was the same - taxation, be it in the form of income tax, sales tax or customs duties.

I won't waste my time arguing with you until you find yourself in the helms of affairs.

I don't think you know that Nigerians and their businesses are too poor to sustain taxation.

You must first empower them to be wealthy before you can rely on them for taxation.


You can doubt me at your own peril.



Finally, you are talking to a distance relative of one of the most outstanding, effective and efficient former Governor.


I won't mention his name but he is well respected.


Just take note that we know how to run an effective government and still doing it till today.

afroniger:


This sounds like bad belle. What's your own? You can't know better than the state government that made the release.

Bad Belle? Not me, I'm just being realistic here. I've traversed Kogi state and I know what I'm saying. Can you name up to five industries/companies operating in Kogi? Commerce?? I've been to Lokoja (actually lived there for almost a year), Okene, Kabba, Anyigba, Ankpa and these are the most developed towns in the state and I saw nothing that could generate #1 billion monthly for the state. Which state governors? The same dishonest state governors?? I wonder what they hope to achieve with such lies.

MediumStout:
1 billion that is generated by 10 streets in Lagos monthly. Shame on bello

I equate shallow reasoning to sin. How on earth would a smart person place Kogi and Lagos on the same economic scale? It would take a miracle for Kogi to be able to generate that much. Nigeria does not start and end in Lagos.

Lol.kogi that I know or another one.lmao.thay state cannot boast of half a mill of internal revenue ;Dsef

OGHENAOGIE:
are lagosian feeling much impact self

Better than other states

if it is true, the standard of living of state will be too high because of high tax .

omohayek:

Which makes it all the more bizarre to hear all the complaining about “heavy” taxes. I wonder how many of those complaining would manage in a typical European country with 20% VAT and top income tax rates of more than 40%! I know they’ll just spout nonsense about how the government should first give them the benefits that will justify the taxes, but how exactly is that supposed to happen without the sort of heavy borrowing people condemn Osun for?

Honestly, going by the way nigerians attack tax collection, I think it's fair to say that we are not ready to develop. South Africa with a population of 40-million is pulling in as much as $65-billion dollars in VAT annually, while Nigeria with 170-million people struggles to collect a meager $6-billion. Our people need reorientation in this regard coz money for development has to come from somewhere, and we don't have that many options, in the face of dwindling oil revenues.

ODVanguard:


Honestly, going by the way nigerians attack tax collection, I think it's fair to say that we are not ready to develop. South Africa with a population of 40-million is pulling in as much as $65-billion dollars in VAT annually, while Nigeria with 170-million people struggles to collect a meager $6-billion. Our people need reorientation in this regard coz money for development has to come from somewhere, and we don't have that many options, in the face of dwindling oil revenues.

Are we rich as South Africans.

HiddenShadow:



Are we rich as South Africans.

Guy, what are u talking about? We have more than 4-times the population of SA yet we can't match them even half way. Their companies in Nigeria make more money HERE than anywhere else, in other words, they are getting way more out of our population than our government is able to. Abeg talk another thing.

olagoke157:
guyz please help...i need a shoe and palm of size 46....the palm slippers/slip-on is the most important for now ...if there is anyone here who sells that plz kindly mssg me or if you knw som1 dat knws som1..it will be really appreciated..thanks peepz

I do an supply footwears, u can reach me on 08060507639

This is true

ODVanguard:


Guy, what are u talking about? We have more than 4-times the population of SA yet we can't match them even half way. Their companies in Nigeria make more money HERE than anywhere else, in other words, they are getting way more out of our population than our government is able to. Abeg talk another thing.

You can't compare South Africans with Nigerians.


South Africans enjoy a reasonable level of wealthy, unlike the zoo

afroniger:
This sounds like bad belle. What's your own? You can't know better than the state government that made the release.

If you know Kogi state very well, you will know the state govt is lying. Let them list the sources of the IGR. How did it come about? Workers have not been paid for months, so PAYE tax could not have been deducted from unpaid salaries. New industries have not been built, new companies have not been opened and new projects have not been commissioned in the state since beginning of this year. So where is the increased IGR coming from??

omohayek:
Which makes it all the more bizarre to hear all the complaining about “heavy” taxes. I wonder how many of those complaining would manage in a typical European country with 20% VAT and top income tax rates of more than 40%! I know they’ll just spout nonsense about how the government should first give them the benefits that will justify the taxes, but how exactly is that supposed to happen without the sort of heavy borrowing people condemn Osun for?

In foreign countries, everyone can see what the taxes are used for. Citizens do not have to seek additional funds to provide essential services, which their taxes are expected to cover.

In Nigeria, taxation is an additional burden because even after paying those taxes , you do not get the benefits that accrue from paying them, and you still have to find additional funds to provide the same goods and services that should have been funded by your tax. From roads to water to security to almost everything else!

That is why people complain about taxes! As an SME, the issue of multiple taxation is so common in Nigeria, that some businesses actually end up collapsing under the weight of such multiple taxes. Govt ignores their pleas and some business owners are left with no choice, but to close shop or relocate.