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Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank (13905 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 LegalWolf: 10:54am On Jul 27
madaembee:
Another World record shattered by our darling general lipsrsealed

Bro, it’s an avenue to tax our lives out
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by calcal: 10:55am On Jul 27
Why sack them?

The constitution gives him the right to kill anyone against the government.

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.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by bibbiana(f): 10:57am On Jul 27
What do you expect

This platform pays, as i have tried it out. Perform daily tasks, earn and get paid directly into local bank account. http://www.goldenlion.top/#/register/0015881
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 10:59am 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.

Not really, my brother.

Buhari actually is too ignorant of Economic Management Processes and Procedures.

Understand that it takes more than common sense to run a corporation, so handing over a country to a man who has no basic knowledge of Political Economics was a terrible idea.

For instance, such a meeting as this, Buhari or at least the Ministers of Finance and those over seeing the Economy are supposed to be there in person to brainstorm with the private sector players and advisory organizations but they were totally absent and ofcourse sent in their 'messengers' to represent them them.

Read their Response again:

“So, there are a lot of things, and I can only assure you that that is what we are doing. We have the medium-term development agenda, which we are in the process of implementing from 2021 to 2025. And within the five years, a lot of issues will be taken into consideration.”

On the issue of macroeconomic stability, the minister said, “Right now, the economy is weak, growth is fragile, but we are hoping growth will improve as we begin to look at the policies that we have on ground and do policy reforms to attract both local and foreign investments.”


They said nothing, and are implementing what? Is there any National Vision now and a roadmap on how to get there?

We have manufactured banditry, Secessionism, kidnapping, cybercrimes, prostitution etc which are by-products of poverty, illiteracy and drugs and the Police, Soldiers, EFCC, Customs are on a killing spree of those who go into these vices cos of nationally manufactured conditions.

Nigeria will die soon. And the more EV productions are accelerated and Fossil fuel stigmatized, the more the dead of Nigeria becomes faster.

Something or someone needs to hijack the system and put a brain in that box.

2 Likes

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by VeeVeeMyLuv(m): 11:01am On Jul 27
This unproductive large population with ultra low HDI (Human development index) is very very very very very dangerous to Nigeria survival and continuous existence.

They have refused to develop the human beings in this country.

Now the only way for survival and sustainance majority of these humans know is CRIME.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by MarxMike(m): 11:05am On Jul 27
obaaderemi:
Revenue comes mainly from taxes. Nigeria government needs to spread the tax net and plug all holes.
And taxes are paid by the working class and businesses.. With high unemployment rates and unfavorable govt policies for profitable business environment, how can you pay taxes?

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 11:06am On Jul 27
VeeVeeMyLuv:
This unproductive large population with ultra low HDI (Human development index) is very very very very very dangerous to Nigeria survival and continuous existence.

They have refused to develop the human beings in this country.

Now the only way for survival and sustainance majority of these humans know is CRIME.

Crime is the natural way to go in any country with these indices. It has nothing to do with Nigerians as a people, but a reality for every failing nation applying similar principles as Nigeria does at this moment.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Rareoil(m): 11:08am On Jul 27
Jackdean111:
Please nairalander... I want to join navy or civil defence please help me... Am from kogi state. And the first born. Please help.. If you have the conection please.. God bless you.


Is like you want to die prematurely
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by donjahsy(m): 11:08am 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.
Young man, sounds like the above mentioned are not Tinubu Advocates?
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Educonomist: 11:09am On Jul 27
A country like Nigeria to increase its revenue ought to increase d country's taxbase by bringing in more people to pay tax, indentify other kind of taxes be paid mostly by d wealthy; subsidized food not petrol to induce savings especially by d low n middle income earners bcus food is more consume than petrol and d consumption level of these earners is higher dan d wealthy class and ;reduce d on d cost of governance..
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Speaktruth88: 11:11am On Jul 27
What we should be talking about
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Onepeople: 11:12am On Jul 27
Tinubuadvocate:
I don't welcome stupid question direct your ridiculous question to your colleagues.
he asked you a very important question, if are recommending those that need that to be sack ,you not forget that Osinbajo headed an economic team ,through he was able to manage the trade money sharing, even if you want to be unfortunate with your job ,try and be reasonable at times.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Decency2020(f): 11:14am On Jul 27
Rare image of vulture griller sneaking away from the thread

3 Likes

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Onepeople: 11:16am 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
zombie is a every difficult job to handle I swear, so the problem now is about Nigeria as people? Is no longer about the leaders? That have continued to mismanaged our resources, Jonathan was clueless that was the reason things was working. Today is about the poor masses.

1 Like 1 Share

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by chloride6: 11:17am On Jul 27
This is a multi faceted problem...

1. Mismatch of ways and means with responsibilities

2. Poor tax generation

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Okwyjesus(m): 11:17am 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.

Buhari is a failure and history can't forget that. No matter how hard his team try to pretend, the truth is glaring.

We are not even talking of the wide line if disunity he has drawn.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ibime(m): 11:21am On Jul 27
There are two potential issues here -

Either the Govt is not converting economic activity into Govt Revenue via taxes

OR

Rebasing of GDP during NOIs tenure was flawed, overstating our GDP

I think it's a combination of both.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Babaken(m): 11:23am On Jul 27
Where are the buhari /APC E worriors another job has arrived come and defend your pay Master.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by saintmm(m): 11:25am On Jul 27
Whao! Another milestone achievement for this administration.
This is what happens when a country is not ready for nationhood.











I rise
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by jom28gy(m): 11:31am On Jul 27
Where are those people shouting Shai Baba, there mouth is closed
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by goodheart02(m): 11:32am On Jul 27
Where's our crocodile roaster MANNABBQGRILLS. let him come and see the wonderful records his daddy is putting our dear country through.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by jom28gy(m): 11:32am On Jul 27
VeeVeeMyLuv:
This unproductive large population with ultra low HDI (Human development index) is very very very very very dangerous to Nigeria survival and continuous existence.

They have refused to develop the human beings in this country.

Now the only way for survival and sustainance majority of these humans know is CRIME.
what is the way out
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Brushstrokes20: 11:34am On Jul 27
The useless, blood thirsty tyrant keeps breaking all EVIL RECORDS breakable!

The doomed shithole is on a cliff edge.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by jeliliadedoja1: 11:35am On Jul 27
The Gross Domestic product is the monetary value of total goods and services produce in an economy within a given period. If the revenue accruing to the government is the lowest in the world then it means there is income loss .it may be either through maladministration, mismanagement of material, human and economic resources, natural disaster, internal and external war and most significantly corruption.
In reality Nigeria revenue could not have done better if all these variables are currently in forces against the GDP.
We have a clueless president who is clouded by ethnic sentiments. He would rather have all his kinsmen in all strategic position of the economy without considering competence and federal character principle as provided for in our constitution.
GDP measurement is one of the barometers that can be used to gauge how an economy is fairing. A good economic management team will enhancing output and invariably increase standard of living if the productivity are prudently managed.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by jom28gy(m): 11:36am On Jul 27
bibbiana:
What do you expect

This platform pays, as i have tried it out. Perform daily tasks, earn and get paid directly into local bank account. http://www.goldenlion.top/#/register/0015881
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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 11:39am On Jul 27
This is an indication that Nigerians don't pay tax but want govt to provide paradise and utopia out of thin air.
We are doing ourselves bad if we don't create a working tax system.


When The Government charge VAT on the things you eat, ware and use, you are paying Tax. Government should use VAT judiciously.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by ELKHALIFAISIS(m): 11:40am On Jul 27
Sai Barbar is working , osibande and Thiefnubu are working hard to succeed him... Apc unah well done ooooo
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by sonofElElyon: 11:40am On Jul 27
Jackdean111:
Please nairalander... I want to join navy or civil defence please help me... Am from kogi state. And the first born. Please help.. If you have the conection please.. God bless you.

What about Army or Air Force ?
grin grin grin
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 11:41am On Jul 27
Fake News!


-Lie Mohammed, 2021
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Danjikanbauchi: 11:45am On Jul 27
Hangmnk:
grin Kaos is ladder..... Proudly Fulbe...
this Terrorist don't even understand what they said he is just opening teeth. Spit on your empty head.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 11:48am On Jul 27
Someone7:
Fake News!


-Lie Mohammed, 2021

Funnily enough, the government's finance people have been saying the same thing that the article is saying for a long time. And that includes Lie Mohammed.

They all know. But because the solution means taxing every one...and everyone..not just the 30% paying ....that's not politically popular.

1 Like 1 Share

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by obaaderemi: 11:51am On Jul 27
Prinnce1:
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
The problem is that you even pay tax without knowing it, in form of VAT.
But the tax net does not cover the informal sector where the real part of the Nigerian economy is.
Widening the tax net will bring a lot of revenue into government coffers.

I accept the fact that they will steal a lot of it but at the same time there will be more money for projects and they wouldn't have to borrow so much. That's the only solution to our economic problem. Nigeria is broke and things are about to worsen.

1 Like 1 Share

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