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Nairaland Forum / Nairaland / General / Politics / Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] (49988 Views)
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Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by BeautifulMind2: 9:21pm On May 12, 2019 |
Badonasty:You guys should keep deceiving yourselves 6 Likes 1 Share
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Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Monday60655(m): 9:23pm On May 12, 2019 |
How far about Anambra? Nothing was said about them. |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by VillagePipu: 9:24pm On May 12, 2019 |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by VillagePipu: 9:25pm On May 12, 2019 |
Monday60655: They are talking about states, you're mentioning Anambra. All the MOUs signed by Obiano, where are the fruits? |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by omohayek: 9:25pm On May 12, 2019 |
Kennydoc:Do you think repeating this made-up nonsense enough times will magically make it true? Not a single Nigerian state comes close to the levels of taxation found throughout the developed world, or even in middle-income countries like China, Thailand. Even Lagos State is an ultra-low tax region by international standards. It's nonsense to speak of being so heavily dependent on federal allocations as if it were something to be proud of. What happens if the FG suddenly decides to slash them for whatever reason? A far more likely reason why IGR is so low in the SE states is that their levels of internal economy activity simply can't support higher taxes. 2 Likes |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by BeautifulMind2: 9:28pm On May 12, 2019 |
VillagePipu:Propaganda tribe this is reality on ground 3 Likes 1 Share
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Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody: 9:30pm On May 12, 2019 |
meeky007: No ooo, it is a southern state |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by fayomim: 9:30pm On May 12, 2019 |
North and Poverty are like 5 & 6 1 Like 1 Share |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by jamjo: 9:31pm On May 12, 2019 |
phantom: Southeast has a gold mine if they can take advantage of the property taxes, if I said 65% of houses in Southeast don't pay property tax I'm sure people will agree with me. Thousands or may I said millions of houses in the villages can be made to pay taxes they will not be in the situation they found themselves, they cannot limit themselves in the cities only. |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by poseidon12: 9:32pm On May 12, 2019 |
Nigeria is really poor. We have a very long way to go. One major research university in the US actually generates and budgets more money than all the Nigerian 36 States put together. 2 Likes |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by kayzeesoft(m): 9:32pm On May 12, 2019 |
meeky007:North central |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by MetaPhysical: 9:32pm On May 12, 2019 |
BlackfireX: Na mouth Anambra get. Anambra is a deficient state when it comes to economic innovation and performance. 2 Likes |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Nobody: 9:33pm On May 12, 2019 |
Badonasty:and that's why you have to quote the whole page, this is 2019 going to an end, receive sense |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by RealityShot: 9:34pm On May 12, 2019 |
why is Borno with N122bn of FAA greater than Edo with FAA of N112bn? ? SOUTH SOUTH and South West... make una shine una EYES O! see how useless Yobe is, and they want to produce Senate President! Yobe N4.48bn compared to FAA of N89bn When I say the north is not paying tax for all the food items they are selling to South, Some people will start talking rubbish. How come taraba, Niger, adamawa, Benue and other Well known food producing g states have very low IGR? SIMPLE "NO TAXATION" lete not talk more on the unfair FAA... |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by DeRay98(m): 9:35pm On May 12, 2019 |
Edo has been pulling its since Oshiomhole took over and made Obaseki his economic team planner and head and later as the guvnor to continue onward. 1 Like 1 Share |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Kennydoc(m): 9:35pm On May 12, 2019 |
omohayek: As for the point in bold, I schooled in Edo State, and I was there during Oshiomhole's 1st tenure. He was the one that increased taxes. It caused a lot of uproar then because many proprietors of schools and various businesses were crying out because of the massive tax imposed on them by EDSG. Gradually, people adjusted. Ondo State increased their IGR from an average of around ₦800 million per month in 2017 to about ₦2 billion per month in 2018. What do you think led to that marked increase within one year? It's most likely increased (or possibly more efficient) taxation. The truth is that most of the states that have high IGR (including Lagos) are just more efficient with tax collection. If Anambra and Abia improve their tax collection system, their IGR will definitely rise. In such states with a large number of traders, it's more difficult to get people to pay the right amount of tax unlike in states with a large proportion of civil servants like Edo State. 7 Likes |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by kernel01: 9:36pm On May 12, 2019 |
BayportalEnt: Yoruba always more concerned about the Igbos, you aren't suggesting means of getting more revenue for your state, rather you're obsessed about the Igbos. I wish you the best. |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by kernel01: 9:37pm On May 12, 2019 |
irepnaija4eva: Hope you can relate Ekiti State? |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by RealityShot: 9:38pm On May 12, 2019 |
jamjo:are they paying "property tax" in the north? |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by wakes: 9:38pm On May 12, 2019 |
Really |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by RealityShot: 9:40pm On May 12, 2019 |
ladiesreject:open atlas... GEOPOLITICAL maps |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by nickxtra(m): 9:41pm On May 12, 2019 |
Ebullience:Edo no dey ever carry last 1 Like 1 Share |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by emmykk(m): 9:42pm On May 12, 2019 |
BayportalEnt: I think you should read the post again,you didn't only fail to understand it but also lack thinking faculty. |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by BeautifulMind2: 9:42pm On May 12, 2019 |
MetaPhysical:And was not part of states that FG bailed out Anambra is lowest in debt in Nigeria 2 Likes
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Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by patrickcollins: 9:50pm On May 12, 2019 |
jamjo:Pay which tax, waitin government provide for her citizenry, forget igr we dey okay whether small or big, since it does not translate to good governance, all states in Nigeria are poor and the masses suffering. |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Angelfrost(m): 9:50pm On May 12, 2019 |
If this nation were a business enterprise, most of those states would have been shut down or merged with productive states under one govt... Certain states have no business standing and milking from the centre at the expense of resourceful states... Southerners, especially those in Delta, Abia, and Akwa Ibom should be humbled in shame... Delta state shocks me in no small measure. With all the mineral, capital and human resources? Come now, Ogun state shouldn't be this far above them na... Can't our politicians be smarter and less obvious in their plundering?... As for the North... They have never really been progressive. |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Kennydoc(m): 9:50pm On May 12, 2019 |
omohayek: Your choice of words is just irritating for a decent argument. You can disagree with me but stop calling my opinion nonsense. I don't like it. You haven't lived in Anambra (and Abia) before so you don't know the level of economic activities there. Anambra has one of the highest number of Nigerian billionaires (in Naira). There are very many thriving businesses there. Anambra is much more economically viable than Edo State. I lived in Edo for 7 years, so I know the state well enough. I've told you the issue with Anambra, and that's the fact that people don't like paying tax. Any governor that vigorously pursues taxation easily attracts the wrath of the people. These are not like sound business organisations with well laid out structure, so it's difficult to get optimal tax from them, but many of those businesses are doing very well and can actually pay more tax. Even in the Western world, private business owners quote low revenue to reduce their tax, how much more in Nigeria. Also, all these figures about IGR sometimes mean little to me. Anambra is one of the few states that never got bailout from FG, yet it's nowhere among the top 10 states with good IGR. Some of those states with high IGR like Ogun and Edo etc got bail out from FG. How come they needed bailout despite their high IGR, yet Anambra with low IGR didn't need bailout? 5 Likes 1 Share |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by omohayek: 9:51pm On May 12, 2019 |
Kennydoc:Now you're making comments worth taking seriously. It's reasonable to say that Anambra and Abia can make dramatic improvements to their tax collection systems, but just how far that would take them is still to be seen. In the meantime, there's no reason to expect other state governments to be sitting on their oars just waiting to be surpassed. As for the claim that Edo's IGR increases were enabled by it being a civil-service state, how does that then explain the dismal IGR performance of Ekiti or any of the many northern states at the bottom of the performance table? Besides, simple arithmetic shows that if a state's IGR numbers are primarily driven by payroll taxes on state employees, IGR could never hope to come close to federal allocations, as most of the budget for paying those state workers would have to come from said allocations. These IGR numbers undoubtedly owe something to the efficiency of tax collection, but to some extent they also reflect the real level of economic activity within the various states. Even if the likes of Zamfara and Katsina were to become paragons of efficiency, they would never have a prayer of matching the revenues of Ogun or Lagos as they stand today. After adjusting for tax efficiency, the only possible mitigating factor left is the relative size of the formal and informal sectors of the state economies, but this again is a marker of economic development, as places with more private workers who can be taxed are those where there is more higher-productivity work going on. People who sit in air-conditioned offices and wear dress shirts to work are the only ones in the private sector who get payroll taxes deducted, and they are more productive than those who engage in the kind of work where taxes are easier to evade. 2 Likes |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Unlimited22: 9:52pm On May 12, 2019 |
This is why restructuring won't work. |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Casptainspecial: 9:54pm On May 12, 2019 |
We need to diversify our economy for God sake We can't continue to depend on crude oil forever Am afraid we might face another recession if we can't do without crude oil only |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by Olumyco(m): 9:58pm On May 12, 2019 |
RealityShot: Do we pay property tax in Nigeria? |
Re: Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] by BeautifulMind2: 9:59pm On May 12, 2019 |
MetaPhysical:You guys should go and learn from Anambra not using propaganda to be deceiving gullible minds, Anambra is not owing civil servants or pensioners, they have done more on infrastructures above all Anambra is least indebted state in Nigeria, while you and your likes that keep shouting IGR upandon your state governments are seriously indebted, they can't construct 1km of road without borrowing, this is a case of crippled man insulting someone with two legs 2 Likes 1 Share
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