robbing Paul to pay peter

And they still can't pay workers salaries and wages....

Sedonxavi:
And the VAT will be allocated to NASS and executive while the masses continue suffering

that how akpabio started exposing some NASS member were part of d NDDC corrupt case d probe just die down and stop

purplerope:
While they are generating, sports bet all the way people...

Sure odd?

Very poor

TecM0:




200 million citizens generating $1 billion USD a quarter, $3 billion a year,. Jeff Bezos and Amazon made More , Bill Gates and Melinda Gates foundation donated more to Charity during this quarter


50 million South Africans have VAT revenue projection of $25 billion USD


No point sugar coating it, Nigeria is poor, and we need to open up to the idea of diversification, crude oil mono economy keeps making us poorer without knowing


.

Can’t compare the A Continent to Nigeria.
Go and sleep

Hmm.... That's sad. Our value added tax is almost x3 of what MTN generate as a telecommunication company in Nigeria.
Nigerians need to wakeup and change the narrative. That tax can't support 5 States if that money is spent judiciously.

70% of the money goes to the north with Kano an d katsina states collecting the lion share.....

State Governors will be licking their lips waiting for VAT sharing

TecM0:


After a year we make $3 billion USD for VAT... This one show say people's purchasing power in Nigeria is low, money no dey circulation, atleast Na who buy anything go pay VAT

Purchasing power is very low in Nigeria na. It is the poverty capital of the world. And has the worse middle class in the world.

The govt spend so much on over head maintenance of political office holders while they spend a little on critical infrastructure.

Also, the govt over the years, through bias, has refused to massively invest in regions with Greta human resource potentials.

U see naija, it is a time bomb.

Poverty, pls illiteracy, plus high population gives u time bomb waiting to explode.

this buhari fg have love 4 money which is d root of all evil, that is y d will not use money from VAT,oil,tourism,WHO,charity organization,gold & imported goods 2 better d life of nigerians, but their greediness & lust 4 money will make them go for loans & scam nigerians with yahoo boy job offers

These figures can be quite deceptive. Changing these figures to the value of the dollar as at then may show that it wasn't that much of an improvement.

And how would they use that generated money to better the country

Is it going to be another looting spree?

TecM0:


After a year we make $3 billion USD for VAT... This one show say people's purchasing power in Nigeria is low, money no dey circulation, atleast Na who buy anything go pay VAT

Shut up!
Nigeria has a very low VAT percentage to compare with SA.
2)How do you get VAT from people in the informal sector?Aba market,Ariaria,onitsha main market,orile,etc...
So how did you deduce purchasing power is low due to VAT when the system cannot account for each trade to collect VAT(too informal) from in the first place?

Seerade029:
Well, I'm not surprised.
Nigeria reserves also increased with about $16b or so

Foreign Reserve is not necessarily Government money rather amount in foreign currencies and gold domicile in Nigerian banks

TecM0:




200 million citizens generating $1 billion USD a quarter, $3 billion a year,. Jeff Bezos and Amazon made More , Bill Gates and Melinda Gates foundation donated more to Charity during this quarter


50 million South Africans have VAT revenue projection of $25 billion USD


No point sugar coating it, Nigeria is poor, and we need to open up to the idea of diversification, crude oil mono economy keeps making us poorer without knowing


.

Nigeria is not poor. It's Nigerians that are poor.
We have a leader who has 9 jets to his office.
While about 112m can't afford 9 pieces of bottled water.

If only the generated funds will be used to fight economy crisis, the hardship will drop but they rather embezzle and buy house abroad. Very useless set of leaders

That's a huge amount only from VAT. Why pay so much on VAT when you can enjoy a cost-effective current account and manage your finances online with mobile and internet banking. Open FCMB business account online below.

Well, I’m not surprised, Nigeria is a great country regardless. You can now Enjoy a cost-effective current account and manage your finances online with mobile and internet banking. Open FCMB business account online. Get started https://on.fcmb.com/online-account-business3

Which Kogi It must be the one in Jupiter