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Coronavirus: Tinubu Tells FG To Suspend VAT - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Coronavirus: Tinubu Tells FG To Suspend VAT (43335 Views)

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Re: Coronavirus: Tinubu Tells FG To Suspend VAT by farem: 8:44pm On Mar 28, 2020
Dikegodspower:
Tinubu.
donate ,he refused.
wicked set of polithiefcians

he is waiting for 2023 to roll out the bullion van...
and we will not be in a haste to collect it and do the right thing
You need more than Self-Isolation, you need self-deliverance

Re: Coronavirus: Tinubu Tells FG To Suspend VAT by COMPAQ(m): 8:45pm On Mar 28, 2020
Reality is that if we must move forward in this country, Hard economic decisions need to be taken. Now may not be the time to take all of them, but take them we must. Unfortunately, Buhari due to his military upbringing and age is the socialist type of leader that believes the government should do everything. That might have been okay in Kuwait or Saudi or Qatar or Norway, but Nigeria is too damn poor for that.

For those of you who think Nigeria is rich, I tell you, we are a damn poor country. Potential and reality are two different things.

Let me put it in perspective for you.
Nigeria: population 200mln, production 1.9mln barrels
Saudi :population 32mln, production 10mln barrels
UaE: population 10mln, production 3mln barrels
Norway: population 5mln, production 2mln barrels
Qatar: population 2.6mln, production 2mln.

And ALL these countries earn a bit substantially from other sources. Naija na only oil.

Some hard decisions we need to take:

Derugulate Petroleum sector

Ensure proper pricing of electricity to enable the sector grow and power Nigeria growth.

Significantly reduce the wage bill by reducing workforce by say 30 to 50% over 5years by combination of privatisation, retirement, redundancy, but pay those remaining significantly more I. E minimum wage of say N150k, but limited increases for higher cadres.

Switch from a socialist system to a capitalist system. Encourage massive foreign direct investment.

Privatise/commercialise a number of government agencies to ensure private sector investment, efficiency, innovation and reduce the wage bill. Good areas to privatise are international airports, the railway corporation, NTA, Nigerian ports, national stadiums, national arts theatre and many more.

1 Like 1 Share

Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Gandollaar(f): 8:56pm On Mar 28, 2020
Jostoman:
Eye service
Thank you jareh! The cabal would be boiling with anger now due to his statement. He wants to set the masses against them grin
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by ericmor: 8:58pm On Mar 28, 2020
27Pushing30:


Have you written them officially requesting they suspend interest and restructure your loan in view of the current economic situation caused by the unprecedented covid-19 pandemic ?
Yes I did but they said they didn't understand the message and they said I can make instalment payment starting from this week if I can't make full payment and yet they added late fee of 30% of the loan
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by liljboy(m): 8:58pm On Mar 28, 2020
COMPAQ:
I just saw an info graphic that suggests that in 2009 Nigerias external debt was $4bln. Now its $29bln!!

Can anyone identify for me what projects worth $25bln have been executed in Nigeria in the last 10years I do not see where that money has gone.
don't you see how fat our politicians pocket is?

1 Like

Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Gandollaar(f): 9:01pm On Mar 28, 2020
cucumbae:
2023 presidential race is still far for tinubu to be playing to the gallery.Infact multiple taxation started under Tinubu when he was governor.
He has the ears of the government, why not articulate his points and send to them?

1 Like 1 Share

Re: Coronavirus: Tinubu Tells FG To Suspend VAT by GamalNasser: 9:05pm On Mar 28, 2020
27Pushing30:


Per the bolded please what do you do for a living.

I am the founder of Nigerias biggest outdoor digital advertising agency , founder of a popular online store and recently brand new investor in a sports betting agency ..In the future I am hoping and working towards owning Nigerias biggest Regional airline not to make profit but make air travel available to the average Nigerians....what do u do ?
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by checkolatunji: 9:11pm On Mar 28, 2020
Dikegodspower:
Tinubu.
donate ,he refused.
wicked set of polithiefcians

he is waiting for 2023 to roll out the bullion van...
and we will not be in a haste to collect it and do the right thing


And your father has donated how much?
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Respect55(m): 9:15pm On Mar 28, 2020
9jatriot:
This is better thinking than that other presidential aspirant who plays politics at every given opportunity even though he cannot enter the US accept carried around as a diplomatic aide asking government to start sharing 10k to individuals after condemning tradermoni just a few months ago
What if the cabal refuve the number of millions senators and house of rep members take home on monthly basis for this purpose?
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by AsawanaDgreat: 9:15pm On Mar 28, 2020
Jagaban you are there
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by ajimotoke(m): 9:21pm On Mar 28, 2020
Oga donate first... .ole ose
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by olamy7(m): 9:23pm On Mar 28, 2020
asiwaju, I wish your heart is as clean as what you spill out all the time

1 Like

Re: Coronavirus: Tinubu Tells FG To Suspend VAT by 27Pushing30: 9:27pm On Mar 28, 2020
GamalNasser:


I am the founder of Nigerias biggest outdoor digital advertising agency , founder of a popular online store and recently brand new investor in a sports betting agency ..In the future I am hoping and working towards owning Nigerias biggest Regional airline not to make profit but make air travel available to the average Nigerians....what do u do ?

Cool story
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Duru009(m): 9:34pm On Mar 28, 2020
Tinubu is one of the most intelligent man I have ever known but its unfortunate he will never rule this country.....
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Nobody: 9:40pm On Mar 28, 2020
Eteka1:
If VAT is suspended, it will lead to more hardship as the Gross VAT allocations to states and LGAs which forms a big part of monthly allocations to States and LGAs will be severely affected.

Reduction in allocations to States and LGAs will cause some States and LGAs to be unable to pay their workers salaries.

What is the percentage of government workers to those in organized private sectors, the traders, unemployed people and labourers/ hustlers?

Those in government are sure of their salaries even if iit is paid bit by bit. A lot of corruption goes on in public services . They are always waiting for allocation. About 60% of the IGR goes into private pockets that is why multinational companies and some big indigenous conglomerates collude with tax officials or device ways to reduce their taxes.

This period, the only way everybody can get a form of relief from government is to remove VAT.
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Nobody: 9:45pm On Mar 28, 2020
Duru009:
Tinubu is one of the most intelligent man I have ever known but its unfortunate he will never rule this country.....

Ruling the country is not by force. He is an accountant and held various positions in Mobil Oil before he retired. He knows finance and management thoroughly.
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by GamalNasser: 9:46pm On Mar 28, 2020
27Pushing30:


Cool story

Yes very cool wink you have not told me what you do
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by shalominite2013: 9:50pm On Mar 28, 2020
Well done bullion van Tinubu
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by xpool(m): 9:55pm On Mar 28, 2020
liljboy:
you don't know there's virtually VAT on eveything you purchase
What is virtually VAT?
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by 27Pushing30: 10:02pm On Mar 28, 2020
ericmor:

Yes I did but they said they didn't understand the message and they said I can make instalment payment starting from this week if I can't make full payment and yet they added late fee of 30% of the loan

Is it not a DMB aka commercial Bank?
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Eteka1(m): 10:03pm On Mar 28, 2020
babaolofin:


What is the percentage of government workers to those in organized private sectors, the traders, unemployed people and labourers/ hustlers?

Those in government are sure of their salaries even if iit is paid bit by bit. A lot of corruption goes on in public services . They are always waiting for allocation. About 60% of the IGR goes into private pockets that is why multinational companies and some big indigenous conglomerates collude with tax officials or device ways to reduce their taxes.

This period, the only way everybody can get a form of relief from government is to remove VAT.
Anytime a State government doesn't pay its workers salaries, you find out that the market women, artisans and the general economy of that State will feel it cos patronage will drop.

That shows you that there is a connection and a ripple effect. Forget about the percentage of people who are civil servants.

1 Like

Re: Coronavirus: Tinubu Tells FG To Suspend VAT by liljboy(m): 10:20pm On Mar 28, 2020
xpool:

What is virtually VAT?
read again

1 Like

Re: Coronavirus: Tinubu Tells FG To Suspend VAT by 27Pushing30: 10:23pm On Mar 28, 2020
GamalNasser:


Yes very cool wink you have not told me what you do
You’re part of those ignorant lot who criticise Buhari and even tag him illiterate BUT could not answer a simple question “What do you do for a living”

Thanks for wasting my time
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by GamalNasser: 10:41pm On Mar 28, 2020
27Pushing30:

You’re part of those ignorant lot who criticise Buhari and even tag him illiterate BUT could not answer a simple question “What do you do for a living”

Thanks for wasting my time
So you couldn't decipher that I am a serial entrepreneur from my reply ? You want me to tell you I work in the rat race ? No son , I am a visionary , a doer , a change agent not a salary earner . Hahaha you expected me to tell you I work i am an accountant or clerk? cheesy. Sorry is not in that lane ...why don't tell me what you do
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by Nobody: 1:17am On Mar 29, 2020
liljboy:
I'm using my Glo ATM.... 1k... 2.3GB with additional recharge bonus o

Gimme the plan you are using please
Re: Coronavirus: Tinubu Tells FG To Suspend VAT by ericmor: 1:53am On Mar 29, 2020
27Pushing30:


Is it not a DMB aka commercial Bank?

Loan from app jumia but is quickcash

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