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Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank - Politics (4) - Nairaland

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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: 11:51am 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.

BUHARI raised VAT from two and a half percent to seven and a half percent. What do they do with the extra? The Military, Police, DSS, BMF-BOKOISWA and all loot NIGERIA mercilessly.

BMF-BOKOISWA IS NOT INTERESTED IN PRODUCTIVITY, PRICING AND PROFITABILITY FOR CONTINOUS GROWTH.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 11:53am On Jul 27
obaaderemi:
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.

Very true
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by shadeyinka(m): 12:02pm 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.
How are you sure the president is not satisfied with their performance?
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by misano(m): 12:03pm 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.


That's what D vegetable would have done since but D man is not just too dull. I know U are supporting him because of Tinubu but believe me Buhari has and is reducing Tinubu chances of becoming Nigeria's president. Bitter truth.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Poloyanabo2(m): 12:13pm 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.
I have same ambitions as you, If you see connection let me know,
Me too I'll let you know if I see one, I nearly went for training during this year's Navy recruitment, but Nigeria happened.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by orisa37: 12:15pm On Jul 27
BUHARI assembled an Array of FOCUSLESS
PROFESSORS AND INCOMPETENT PROFESSIONALS AND DOESN'T KNOW HOW TO USE THEM. THAT'S TO SAY BUHARI KNOWS HOW TO HARASS PEOPLE BUT DOES NOT KNOW HOW TO MANAGE AND LEAD. HE DOESN'T KNOW HOW TO SET TARGETS OF ACCOMPLISHMENTS.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by quentin06: 12:18pm On Jul 27
Yet you keep giving them loans and dont demand accountability, why cry wolf?
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Prinnce1: 12:18pm On Jul 27
obaaderemi:
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.
am paying VAT and all that not but let's be sincere , do you believe that Nigeria can work with this set of leaders we have. These guys don't care about us in anyway, if anyone would have changed Nigeria it would have been Buhari because he is from the majority ....but what do we have here politicians and sycophants are having a field day .
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by popizaino(m): 12:22pm On Jul 27
obaaderemi:
Revenue comes mainly from taxes. Nigeria government needs to spread the tax net and plug all holes.


It's a very huge informal economy unless we formalise certain sector of the economy, we will keep running from pillar to post and this is what rvp2018 has been preaching since.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by petermichaels(m): 12:27pm 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



This is exactly the diversification they have achieved (all diversification na diversification na)
Only God can redeem this nation. We are in deep.............. Mess!
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by obaaderemi: 12:30pm On Jul 27
Prinnce1:
am paying VAT and all that not but let's be sincere , do you believe that Nigeria can work with this set of leaders we have. These guys don't care about us in anyway, if anyone would have changed Nigeria it would have been Buhari because he is from the majority ....but what do we have here politicians and sycophants are having a field day .
It's going to be hard for Nigeria to work with the way the country is structured. As long as the North remains a major determining factor in our politics, forget it.

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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by pacespot(m): 12:31pm On Jul 27
But we saw one Nigerian throwing money about like tissue papers during the burial of his mother, money dey where money dey in this country. It is just that Nigeria's wealth is not evenly distributed.

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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by obaaderemi: 12:36pm On Jul 27
popizaino:



It's a very huge informal economy unless we formalise certain sector of the economy, we will keep running from pillar to post and this is what rvp2018 has been preaching since.
No, that is not what he has been preaching. He keeps saying Nigeria's revenue is small because the GDP is fake.

I have corrected him severally that what Nigeria needs to do is to widen the tax net and bring in the informal sector. He didn't even know what I was talking about.
Read up on the Nigeria Ahead of Kenya thread, I think from page 120 and see.
Rvp is either a dunce or just mischievous. Or a combination of both.

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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 12:49pm On Jul 27
obaaderemi:
It's going to be hard for Nigeria to work with the way the country is structured. As long as the North remains a major determining factor in our politics, forget it.

Even if the South takes power completely, the problem as you have put it is simple...we are not taxing enough people.

Also, our problem is that we are a resource dependent country. We sell resources, share the income and import with the income. It is the same for most African coutnries without a Hausa fulani population, and why we are in debt, and not earning enough.

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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Signum(f): 12:51pm 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

You forgot to add INFLATION which is more than 200% in goods, both foods and other commodities.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by dannybomb(m): 12:55pm 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
Pay which tax? Where will the money they will use and pay tax come from when there are no jobs because of bad economy policies put in place that are not favoring the masses, or you want us to shxt out the tax? Be screaming tax
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by dannybomb(m): 12:57pm On Jul 27
obaaderemi:
Revenue comes mainly from taxes. Nigeria government needs to spread the tax net and plug all holes.
Spread fire. When there are employment opportunities everywhere people will happily pay tax, but is the economy favoring business men? They ban everything rice is expensive they ban generator now generator is expensive, close border nothing is moving in the country again
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by obaaderemi: 1:00pm On Jul 27
Beancounter94:


Even if the South takes power completely, the problem as you have put it is simple...we are not taxing enough people.

Also, our problem is that we are a resource dependent country. We sell resources, share the income and import with the income. It is the same for most African coutnries without a Hausa fulani population, and why we are in debt, and not earning enough.
Maybe, maybe not.
But then, the South is more entrepreneurial than the North and the level of competence here is higher than in the north. The South even as useless as our governors seem to be, they still appear to be performing better than the northern politicians.

If the north has less power in terms of choosing our national leaders, we would be able to choose leaders with far less primordial and ethnic attitudes than what the north picks. I mean leaders who can at least give a semblance of sanity to governance in Nigeria.
Buhari alone has done more damage to our economy and society than Obasanjo and Jonathan combined.

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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by obaaderemi: 1:03pm On Jul 27
dannybomb:

Spread fire. When there are employment opportunities everywhere people will happily pay tax, but is the economy favoring business men? They ban everything rice is expensive they ban generator now generator is expensive, close border nothing is moving in the country again
Not making people pay tax will only worsen things as you can see. Those in power no send. They will still see money to loot no matter how small the revenue is. Highest, they will take loans like Buhari is doing and embezzle it. grin
Yet, you are the one that will pay back the loan.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 1:08pm On Jul 27
obaaderemi:
Maybe, maybe not.
But then, the South is more entrepreneurial than the North and the level of competence here is higher than in the north. The South even as useless as our governors seem to be, they still appear to be performing better than the northern politicians.

If the north has less power in terms of choosing our national leaders, we would be able to choose leaders with far less primordial and ethnic attitudes than what the north picks. I mean leaders who can at least give a semblance of sanity to governance in Nigeria.
Buhari alone has done more damage to our economy and society than Obasanjo and Jonathan combined.

The enterprises in the South mostly center on importing and selling imported stuff. Ironically, the same happens up North. And the result is all the same...we don't make anything, we import stuff we make self....and we lose dollars, and get broke...and then take loans to make the diffierence.

It isn't about 'who chooses our leaders' for me. Even if it was up to the South to choose leaders, the way most Nigerians think....we should share money (and most criticism of our leaders is based on how they share money really)...at the end of the day, the Southern leaders would be just like the Northern leaders. Run an economy based on sharing money

We have to stop relying on oil and start relying on industrial growth, more taxes, and less corruption.(Gowon one of your norhterners also developed an industrial development plan for Nigeria...which if we had followed might have helped us out of our revenue dependency by now)

Keep in mind that many African countries are just as broke as we are...and most of them, as far as I know, have no Northerners in charge or running the country. When your income is dependent on raw materials whose prices you do not control....you go broke when prices fall below replacement/sustenance (Zambia is 80% Christian, has no Hausas as far as we know...and is broke like Nigeria because they rely on copper...and the last time copper prices were high enough to sustain their economy was in 2006-11)

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Shattuck(m): 1:33pm 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.
I hate this line of thought, the person that destroyed Buhari's govt is Buhari himself.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by nzeobi(m): 1:34pm 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.

How is minister for labor part of the problem
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Yankee101: 1:36pm On Jul 27
Meaning = Low productivity = Laziness = Low reward for those working hard = working hard in the wrong activity = revenue not being declared = corruption = plenty free loaders = 1 person in a family supporting everyone and the rest doing next to nothing = substandard production
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Skyview01(m): 1:51pm 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 thinks the country going wellbas long as the Fulani herdsmen can move their cows all over the country.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 2:05pm On Jul 27
orisa37:
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.

BUHARI raised VAT from two and a half percent to seven and a half percent. What do they do with the extra? The Military, Police, DSS, BMF-BOKOISWA and all loot NIGERIA mercilessly.

BMF-BOKOISWA IS NOT INTERESTED IN PRODUCTIVITY, PRICING AND PROFITABILITY FOR CONTINOUS GROWTH.


Plus VAT plus the recent increase and our entire earnings from crude oil, our total $30bn budget is far less than what our juniors, smaller African countries are getting from their smaller GDP. They have $70 - $150bn.
How can we then hope to put as much resources into public education, infrastructure and healthcare to the level of those smaller African countries? Even when we have bigger responsibilities and needs due to population?

This fact is irrespective of the person in power. Even if you make corruption 0%, you won't get b$100bn worth of merchandise if you enter the market with $30bn.

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by resourcedude: 2:42pm On Jul 27
When federal government is busy fighting the economic back bone region and you expect the revenue to be the same.
This report is long overdue.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 2:45pm On Jul 27
dannybomb:

Pay which tax? Where will the money they will use and pay tax come from when there are no jobs because of bad economy policies put in place that are not favoring the masses, or you want us to shxt out the tax? Be screaming tax

In which part of the planet do you collect income tax from people who have no income?

The $450bn GDP we declare is it not human being, Nigerians who generate the wealth? That is what every country tax and why world bank is talking of tax to GDP ratio. Our ratio is 6℅, Ghana is 16%, Egypt and South Africa is 28%, and they all have smaller GDP. But they end up with bigger revenue apart from Ghana with tiny GDP.

This is not beer parlour discussion please
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 2:51pm On Jul 27
Beancounter94:


The enterprises in the South mostly center on importing and selling imported stuff. Ironically, the same happens up North. And the result is all the same...we don't make anything, we import stuff we make self....and we lose dollars, and get broke...and then take loans to make the diffierence.

It isn't about 'who chooses our leaders' for me. Even if it was up to the South to choose leaders, the way most Nigerians think....we should share money (and most criticism of our leaders is based on how they share money really)...at the end of the day, the Southern leaders would be just like the Northern leaders. Run an economy based on sharing money

We have to stop relying on oil and start relying on industrial growth, more taxes, and less corruption.(Gowon one of your norhterners also developed an industrial development plan for Nigeria...which if we had followed might have helped us out of our revenue dependency by now)

Keep in mind that many African countries are just as broke as we are...and most of them, as far as I know, have no Northerners in charge or running the country. When your income is dependent on raw materials whose prices you do not control....you go broke when prices fall below replacement/sustenance (Zambia is 80% Christian, has no Hausas as far as we know...and is broke like Nigeria because they rely on copper...and the last time copper prices were high enough to sustain their economy was in 2006-11)

Thank you many of us like pointing at scapegoats and overlook our own shortcomings.
Even Lagos state is underperforming in tax collection when compared to African cities like Johannesburg.

But Lagos is the undisputed champion when compared to other horribly run Nigerian states that can't survive or pay salaries without federal largess. How can people own the state when an external party funds it?

1 Like

Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by VULCAN(m): 2:52pm On Jul 27
The poorest thinkers in this country are found among those who support this govt.

Otherwise how can someone open his mouth to say that Nigerians should be taxed more when we are by far the most highly (indirect) taxed populace in the world!

Running generators is an indirect tax since the deceptions in APC promised the gullible ones power within 6 months of ascending the throne. Up until a few months ago everybody who wanted a prepaid meter had to pay through the nose to get one.

A small kiosk pays the local govt for a license to operate, it doesn't end there. The boys will come around for levy, then one day the state govt comes to bulldoze the place.

While the road is being repaired the owner of a filling station is forced to give the construction guys money etc otherwise they will purposely block the gates of the station.

You Know Nothing
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
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by abbey621(m): 2:56pm On Jul 27
n 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.”

When you strangle people and frustrate every form of income generation, this is what you get! Eleribu government full of greedy, wicked sons of bi*ches with no moral compass. I hate to say it but what Nigeria needs is Abacha 2.0, Nigeria does not need any useless democracy, it's just a license to loot more aggressively.

Let's compare the economy under Abacha to right now under Buhari and if we didn't know better, one might think Abacha's regime was the democratic one and Buhari's regime was carved out of North Korea.
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 2:57pm On Jul 27
Onepeople:
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.

You betray how shallow in thought you are if you still see this matter from the prism of party, ethnic groups or class.

This is true irrespective of which group runs the country, if we don't expand the tax net we'd be going in circles.

And if you're still of the belief the people have no responsibility for now they are governed you're still delusional. The people produce the leaders, the leaders don't produce the people.

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