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Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank (13917 Views)

Nigeria’s Revenue To GDP Ratio Hits 8%, Targets 15% 2023 / Nigeria’s Tax To GDP Ratio Rises To 8% / Ugwuanyi Has Exceeded UN Tax Revenue To GDP Benchmark, Says Joint Tax Board (2) (3) (4)

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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 8:49am On Jul 27
Now, Nigeria can boast of internally generated revenue, IGR, from non-oil sectors such as :
1. Mass kidnapping of School Children
2. BANDITRY
3. Herdsmen
4. Boko Haram
5. Corruption.

I LIKE THAT.


THE SUPLIMENTARY BUDGET SIGNED ON THE 25/7/21 IS FOR HEALTHCARE ISSUES AND MR. PRESIDENT TRAVELLED OUT FOR MEDICAL CHECK UP ON THE 26/7/21. WE CALL THIS TAKING CARE OF PRESIDENTIAL HEALTHCARE SPENDINGS.

5 Likes

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 8:57am On Jul 27
BUHARI IS A GUERRILLA TRAINED SOLDIER AND AN AGBERO DICTATOR. HE IS THE ONE TO BE IMPEACHED.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 9:02am On Jul 27
BUHARI IS A GUERRILLA TRAINED SOLDIER AND AN AGBERO DICTATOR. HE IS THE ONE TO BE IMPEACHED AND EXPUNGED OUT OF THE SYSTEM FIRST.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 9:08am On Jul 27
DankemzI:
We're in deep sh*t.
Nigerians contribute money and send anyone with the brightest potentials out of this hell hole, once $1=#1,000 you'll be grateful you did



AND EMEFIELE IS ROPING IN Osinbajo TO GO CRYPTO CURRENCY.

2 Likes

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Prinnce1: 9:20am On Jul 27
obaaderemi:
Revenue comes mainly from taxes. Nigeria government needs to spread the tax net and plug all holes.
tax from where, when we provide nearly everything for ourselves....its not done that way....am paying for light I don't see, paying vigilante to watch over the neighborhood because of poor security, coughing out 400k to drill borehole for portable water and so on a so forth. We should pay taxes so that the elite will have wives and concubines in every part of the country and world or pay taxes that will be used to fight boko haram that is supported by the northerners. Guy park well please

10 Likes 1 Share

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 9:22am On Jul 27
englishmart:
Nigeria is low on everything they should be high on, and vice versa.

It's time I made good use of my Libyan citizenship


So you're ISWA from Libya?
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by sulaak(m): 9:39am On Jul 27
Ovamboland:



This is an indication that Nigerians don't pay tax but want govt to provide paradise and utopia out of thin air. Smaller African countries in terms of GDP and population raise revenue of over $100bn out of their economy to use for public works, education and healthcare investment.

But Nigeria raise mere $30bn and ignorant Nigerians want to have world class everything out of that. Funds that cannot give a country like USA adequate fire fighting services.

South Africa will invest our entire budget on education and still have another $100bn left for other things. Yet they still have hungry looters and poorly educated people.

We are doing ourselves bad if we don't create a working tax system, age of excess oil funds is over

It is an indication that the government doesn't enforce tax collection and discourage private investment and development.

Under the British government, Nigeria had a cattle tax programme, that was removed by Aminu Kano and Amadou Bello during independence.

Excise and Duties from NNPC and NPA are not accounted for and Tinubu Alpha
FG probes NPA over N165 billion unremitted surplus, suspended MD responds...Nairametrics


Tinubu, Alpha-beta, others accused of fraud, tax evasion, money laundering
..premium times

2 Likes

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 9:40am On Jul 27
Who says there's money in the Country? That money is LOAN NOT EARNING. AND BMF-BOKOISWA IS WASTING THE LOANS WITHOUT CONSIDERATION FOR PRODUCTIVITY PRICING AND PROFITABILITY.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 10:36am On Jul 27
The World Bank would definitely hear from Garba Shehu in the coming days.

Our government can dispute anything.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by bayelsaowei(m): 10:37am On Jul 27
madaembee:
Another World record shattered by our darling general lipsrsealed
grin grin..meanwhile the old man is travelling to the UK for medical check up..what a shame... cheesy

And fools keep supporting him...
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Racoon(m): 10:38am On Jul 27
The wonder of Buharieconomics.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by bayelsaowei(m): 10:38am On Jul 27
psucc:
Nigeria has successfully diversified her economy. This effort has been on for the past 6years but gathered momentum in the last 2years of the Next Level Agenda.

Now, Nigeria can boast of internally generated revenue from non-oil sectors such as :
1. Mass kidnapping of School Children
2. BANDITRY
3. Herdsmen
4. Boko Haram
5. Corruption
grin grin
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nackzy: 10:38am On Jul 27
God bless Buhari for this giant strides
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by donprinyo(m): 10:39am On Jul 27
worst governance ever. APC change
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Psalmistproject: 10:40am On Jul 27
Wetin concern this government. As long as cows are well worshipped, world bank can shove their reports up their a*s
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Kessythegeek(m): 10:40am On Jul 27
What were you expecting? When you made a cattle herder a president? If things were really going the way they should, buhari himself knows that even in his wildest dreams and loftiest imagination... He can't make a local government chairman, talk less of a president.

It's a shame..

.





You can't miss the Olympics and big brother naija show this month! Get your TVs and other gadgets from jumia... Check my signature for a free voucher.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Rockyrascal(m): 10:40am On Jul 27
will any good thing ever come out of this buhari administration...sigh!
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Kimikazi2: 10:41am On Jul 27
Buhari is a failure and ROADKILLBBQGRILLS is an idiot. Report me again.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by semuni: 10:43am On Jul 27
What Buhari cannot destroy does not exist

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 10:45am On Jul 27
sulaak:
Yet despite very low revenue, they are adding more debt...




https://wwwfamp

Because the low revenue means they have to take loans to pay for everything...and because we are only taxing 30% of the taxable population.

If we did not take loans...and I hate the idea of loans...by now salaries would not have been paid for over 48 months, if not more, for example.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Rilwayne001: 10:46am On Jul 27
You'll not see people like MANNAbbq on threads like this. But if na to lick Buhari ass, that's where he's good at.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 10:46am On Jul 27
Ovamboland:



This is an indication that Nigerians don't pay tax but want govt to provide paradise and utopia out of thin air. Smaller African countries in terms of GDP and population raise revenue of over $100bn out of their economy to use for public works, education and healthcare investment.

But Nigeria raise mere $30bn and ignorant Nigerians want to have world class everything out of that. Funds that cannot give a country like USA adequate fire fighting services.

South Africa will invest our entire budget on education and still have another $100bn left for other things. Yet they still have hungry looters and poorly educated people.

We are doing ourselves bad if we don't create a working tax system, age of excess oil funds is over

Exactly,.,,,and this is where Buhari has really failed.

But most Nigerians don't see it that way. To them, we have a national cake that will never run out....
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Edyice: 10:49am On Jul 27
Buhari’s effect grin and his still blaming the middlemen after borrowing money to share with them cabals.. Always drawing the country backwards not to forget


He’s son have Nigeria moneys in his account

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Weinberg: 10:50am On Jul 27
Tinubuadvocate:
The people that destroying Buhari government and he need to take decisive action against them.

CBN governor
Minister of finance
Minister of labour and productivity

Sack these people look for someone else either from southern or northern just make sure they qualify.
The problem of Nigeria is the president..
He thinks only Hausa-Fulani are capable of holding juicy positions..The executive makes the policy and it affects other Sectors..While closing Southern borders?
Why allowing FULANI herdsmen to kill and destroy people's farmlands?
Why using the military to intimidate opposing voices?
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 10:50am On Jul 27
sulaak:


It is an indication that the government doesn't enforce tax collection and discourage private investment and development.

Under the British government, Nigeria had a cattle tax programme, that was removed by Aminu Kano and Amadou Bello during independence.

Excise and Duties from NNPC and NPA are not accounted for and Tinubu Alpha





1.First, the cattle tax monies would have mostly gone to the Northern region under our revenue sharing system

2.They removed the tax because they were politicians..and that was what their constituents wanted, and because the North was making a lot of cash from groundnuts to minerals then.

3.Nigerians, even under colonial rule, did not like taxes at all. Or what was the Aba tax riots of 1929 about? There was even a brief anti-tax uprising in the SW sometime during the civil war if I recall (may be wrong).

4.The thing is, Nigerians don't like taxes. And as the report shows , if we want more revenue, we would have to raise taxes from everyone, including cattle. But that would make every Nigerian...from the North to the South...angry. So..loans it is. and oil revenue. And anything else we can sell.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 10:52am On Jul 27
obaaderemi:
Revenue comes mainly from taxes. Nigeria government needs to spread the tax net and plug all holes.

Very true.

But most Nigerians won't see this. Yes, APC has to go, but the problem will still be there.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by israelmao(m): 10:52am On Jul 27
Buhari is Commander-in-Chief of failure.He failed in security as General as well as economy and in management Nigeria's diversity.

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