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Nairaland Forum / Nairaland / General / Politics / Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues (17546 Views)
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Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by iwaeda: 7:47am On Oct 13, 2019 |
Vice President Yemi Osinbajo has challenged states in Nigeria to explore ways of increasing their internal revenue generation and boosting their agricultural production. Osinbajo urged states to do more to harness the entrepreneurial spirit of Nigerians. The vice president stated this while delivering the keynote address at the 18th Meeting of the Joint Planning Board (JPB) and National Council on Development Planning (NCDP), in Asaba, Delta State capital. He said, “states must engage in careful and well-thought-out strategic planning in order to articulate and implement priorities derived from strategic thinking based on comparative advantages.” According to Osinbajo, the event themed, 'State Fiscal Sustainability and Economic Diversification in Nigeria', reflected the common commitment of the federal and state governments to work together in planning the economic future of Nigeria and its people. “Our ultimate purpose is to create jobs and growth and as key economic managers in the context of Nigeria’s fiscal federalism, it is essential that we work collaboratively and in tandem. I am optimistic that the deliberations of this council will contribute to achieving these noble objectives, which will lead us closer to lifting the 100 million people that the president has promised that we will lift out.of poverty in the next 10 years,” he said. He added, “I propose three things for the consideration of this august body as a means of increasing production and generating the revenues at the state level. First, I would urge that states engage in careful and well- thought out strategic planning in order to articulate and implement priorities derived from strategic thinking and based on comparative advantages. “Second, there is great scope for boosting agricultural production if States choose two to three high-value crops/products to specialize in. Such specialization will enable economies of scale in the provision of support across the entire value chain of prepared land, seeds, fertilizers, and pesticides, storage, processing and transportation, marketing and sales. This also implies organizing the agro-allied value chain from farm to table. “In a similar vein, states must take advantage of the entrepreneurial spirit of Nigerians by empowering economic clusters and trade groups through the provision of basic infrastructure and shared facilities.” Osinbajo noted that the current move of the federal government to provide broadband connectivity for all by 2023 "will assist the states productive base but they cannot charge fees for laying of broadband infrastructure, which is like strangling the goose that will lay the golden eggs". However, he stated, "The complaint of many small businesses is the multiplicity of levies and charges by state and local government agencies. States should, in fact, invest in agencies that can help small businesses comply with regulations and standards and access credit. When the businesses grow and employ more they create taxable profit and taxable employees." The vice president, therefore, counselled state governors: "The key thing is to think out of the box and utilize the opportunities that are open to the state. Some would have advantages that can be readily used in the area of tourism, others would be contiguous to major economic centres like Lagos and Abuja which offer markets as well as cheaper and more affordable land for residential and industrial purposes. "Improving tax morale is also a very big part of the story as the evidence shows that people do not feel obliged to pay taxes and they justify this belief by asserting that they do not receive commensurate services. "It would also be necessary for States to improve tax administration and widen the tax net by making it easier for people to pay tax both in terms of easier processes and lower levels of taxation." http://saharareporters.com/2019/10/13/osinbajo-how-state-governments-can-tax-nigerians-generate-more-revenues 2 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by PureGoldh(m): 7:50am On Oct 13, 2019 |
The one wey dem Don dey generate since.... How e take help dx country. Una go just dey collect the ones wey em subjects suppose use dey chop and dey enrich una selves Very soon... Dem go tell us to even pay tax for breathing in air If you need Pure Original HOney.. Call or whatsapp 081 016 667 71 60 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by OZAOEKPE(f): 7:59am On Oct 13, 2019 |
Tax Nigerians to poverty awon oloshi 94 Likes 5 Shares |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by yashau(m): 7:59am On Oct 13, 2019 |
politicians and tax smh 1 Like 1 Share |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by ruggedtimi(m): 7:59am On Oct 13, 2019 |
the revenue they are generating from oil is enough to make the country better. 65 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by lilfreezy: 7:59am On Oct 13, 2019 |
It's easy to tax people but to create wealth you guys won't. Allow states to control their resources so they can develop their territories and invite more investment opportunities una say no. 16 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by MANNABBQGRILLS: 8:00am On Oct 13, 2019 |
Our ultimate purpose is to create jobs and growth and as key economicSlow and steady we will get to a New and better Nigeria. We thank God for the day he gave us this intelligent and God-fearing man as the Vice President of our darling nation. The best we have ever had in the history of our nation. May God continue to give him and the President more wisdom, knowledge and understanding as they take our country to a land flowing with milk and honey. God bless Nigeria. Igbosmoker:A person that call himself igbo smoker calling the vice president of everyone in his house a mad man?! There is everything in a name truly! 9 Likes 2 Shares |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by kolafolabi(m): 8:00am On Oct 13, 2019 |
VP sir, kindly open the border closed by Bubu. Local Rice is 20k while Foreign Rice is 25k. People are suffering. 4 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by yesloaded: 8:00am On Oct 13, 2019 |
Increase minimum wage to 200k per month Provide 24/7 stable electricity Provide loan facilities to business owners at 5% interest per annum Fix all bad roads Provide rail service across the country Improve our health care Slash salaries & allowances of political office holders from presidency to councillors so they earn only 5% of their current earnings infact place them on same scale with civil servants Come back to us & demand for tax then we'll gladly pay 33 Likes 2 Shares |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Oluwaseunbandur: 8:00am On Oct 13, 2019 |
Them sha wan kill Nigerians with tax, even uk don dey learn from us 2 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Scatterscatter(m): 8:01am On Oct 13, 2019 |
Endeavor to read through before making any comment if you don't want thunder to slap you 2 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by ladilawal82(m): 8:01am On Oct 13, 2019 |
Issorite |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by dominique(f): 8:01am On Oct 13, 2019 |
People would have been more willing to pay taxes if they can actually see what these taxes are doing for them. As it is now, people see taxes as a way of impoverishing citizens and crippling businesses 17 Likes 3 Shares |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Ritelar: 8:01am On Oct 13, 2019 |
Buhari/Osibanjo 2023 |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Brunicekid(m): 8:02am On Oct 13, 2019 |
Tax... Tax... Tax. The usage of this task in reality is what is key. |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by fowlyansh181(m): 8:02am On Oct 13, 2019 |
Stupid country |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Lanre4uonly(m): 8:02am On Oct 13, 2019 |
It is well. |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by PureGoldh(m): 8:02am On Oct 13, 2019 |
We are just suffering and smiling in dx country 1 Like |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by SendAbroad: 8:02am On Oct 13, 2019 |
Nigeria my country...a country with so many Professors, so many do you know who I am, so many GCFR, yet it doesn't manifest...we only need just one person, just the one person with a vision like that of Dubai or Singapore to turn Nigeria around. One day, we will find this person. 2 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Nobody: 8:02am On Oct 13, 2019 |
Which kind of government do we even have?, you have not created jobs, majority of Nigerian population don't work, they hustle, instead to creat jobs you keep looking for ways to exploit the masses, can't they think of industrialization or something? #tollgate #increased VAT #closed borders #tax to deposit and withdraw money #tax on data #tax on online purchase #tax on fuel #tax on food #tax on transportation To mention but a few, these guys will finish us 8 Likes 1 Share |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by solmusdesigns: 8:02am On Oct 13, 2019 |
this second term promises to be intresting, Lagos state has a high IGR based on tax because Bola Tinubu created a model of governace where people see things they pay for through infrastructures and policies .. 1 Like |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by robinso01(m): 8:03am On Oct 13, 2019 |
D one we dey generate since,who e epp?as if no b say na u politicians dey embezzle am 1 Like |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Franklyspeakin: 8:03am On Oct 13, 2019 |
Hmmmmm next level taxing 1 Like |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by pinkyruledworld(m): 8:03am On Oct 13, 2019 |
...but he wont tell them how to make basic facilities like water, light, good roads, good health available very readily to the same lagosians. All of una na thief. My whole street is filled with river/rain/dam water i cant even go out due to bad lagos. Mtcheeew Meanwhile, Support me to buy a phone at a very cheap price shorturl.at/ehnG5 Taink you 1 Like |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by meccuno: 8:03am On Oct 13, 2019 |
[s] iwaeda:[/s] |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by franchasng: 8:04am On Oct 13, 2019 |
Osinbajo is gradually turning to a full time enemy of the Nigerian masses and he will get his hands burnt if he doesn't withdraw his steps fast! You and Buhari want to adopt UK tax system of making sure their citizens are well taxed but you two failures refuse to also put in place the systems and things UK government provided for their citizens which is why UK government tax their citizens high. No social welfare for Nigerians; the so called N-Power is bullshyyt that is not effectively managed. UK offer free healthcare for their citizens and affordable education which are not just anyhow healthcare or education but world class. UK provide adequate security for their citizens even outside the UK, Nigerians in Nigeria, in fact you Osinbajo is not even secured talk more of an average Nigerian citizen yet you want to tax the already broken and poor Nigerians the more. If you and Buhari continue with all these increase in tax for poor Nigerians, it will backfire as price of daily commodity will increase, thereby pushing more Nigerians into crime, hence it will become even more dangerous for you to move around and soon your tenure will end by then, armed robbers and kidnappers will come ask you for their own share either through you or your relatives, so continue, maybe you think you and Buhari will remain in power forever! Unreasonable failed clowns calling themselves leaders!!! 7 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by elujah1(m): 8:04am On Oct 13, 2019 |
Generate more...How well are they using the one already available? 2 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by TheGoodJoe(m): 8:04am On Oct 13, 2019 |
Damn. You guys have finished the money. The only thing on your minds is how to collect money from Nigerians. From deposit through CBN, toll gates, hate speech taxing etc. Na wa. |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by Nobody: 8:04am On Oct 13, 2019 |
Shut up mad man 4 Likes |
Re: Osinbajo Reveals How State Governments Can Tax Nigerians, Generate More Revenues by IMASTEX: 8:04am On Oct 13, 2019 |
And you have refused to ask what they have been doing with the ones collected. 2 Likes |
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