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Nairaland Forum / Nairaland / General / Politics / Is Oil The Only Source Of Income For Nigeria? (607 Views)
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Is Oil The Only Source Of Income For Nigeria? by dhope: 7:44pm On Nov 03, 2020 |
I have been curious about the statement common to Nigeria political office holders whenever they are opportune to speak on economic matter. The latest being "ASUU understand that we only sell 2.2M barrels of oil daily at $35/barrel" (Emeka Nwajiuba, 2020). I am aware I pay tax on items I am purchasing in market so also for the phone calls I make nowadays. Which purse does this money goes? Is government saying the money they are getting from taxing organizations and other MDAs like custom is so insignificant that we only rely on oil money or am I the one making wrong assertion? Pls I need more enlightenment on how FG especially gets income aside oil. Thank you |
Re: Is Oil The Only Source Of Income For Nigeria? by limeta(f): 8:57pm On Nov 03, 2020 |
Ask the lazy elders |
Re: Is Oil The Only Source Of Income For Nigeria? by Blue3k(m): 9:16pm On Nov 03, 2020 |
dhope: I made a thread on it awhile back. Oil is the main source of income then corprate taxes, VAT, then customs and excises. Here are some charts from the CBN. https://www.nairaland.com/5802935/nigerias-growing-debt-revenue-problem
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Re: Is Oil The Only Source Of Income For Nigeria? by 12Monkeys: 9:45pm On Nov 03, 2020 |
Lazy afonjas have refused to go back to cocoa farming Since slavery ended officially in 1938 in northern Nigeria, they have refused to bring back groundnut pyramids. Only ND oil is feeding these ingrates in Niggeria. 1 Like 1 Share |
Re: Is Oil The Only Source Of Income For Nigeria? by kingsavage: 10:05pm On Nov 03, 2020 |
12Monkeys:what about cursed igbos? 2 Likes |
Re: Is Oil The Only Source Of Income For Nigeria? by 12Monkeys: 10:08pm On Nov 03, 2020 |
kingsavage: Ask them . Abi you dey fear to ask them? Meanwhile, if we reintroduce slave trade in afonjas or expand their lucrative organ harvesting trade we could see a 2% uptick in revenue . 1 Like 1 Share |
Re: Is Oil The Only Source Of Income For Nigeria? by kingsavage: 10:17pm On Nov 03, 2020 |
12Monkeys:idiotic igbo man 1 Like |
Re: Is Oil The Only Source Of Income For Nigeria? by 12Monkeys: 10:37pm On Nov 03, 2020 |
kingsavage: Yaribanza slave , I am no heebo |
Re: Is Oil The Only Source Of Income For Nigeria? by kingsavage: 12:02am On Nov 04, 2020 |
12Monkeys:cursed igbo man |
Re: Is Oil The Only Source Of Income For Nigeria? by YouAreFinished: 12:30am On Nov 04, 2020 |
12Monkeys:The bulk of the non-oil revenues comes from the South West. Given the fact that's from taxes from what they work for,in comparison to oil which the ND does no work for,then they're simply the most productive of the region's. And of course,the South East is useless. |
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