Modrov:


The only way we can afford subsidy is if we tax everyone...from the very rich to the very poor.

We r taxing everybody in Nigeria.
There is nobody in Nigeria that doesnt pay tax, the issue is who r those collecting these taxes?
In lagos monies generated by touts or agberos from keke, danfo buses monthly is estimated to be in the figure of more than 100billion naira.
This is from transport alone, now all the markets they pay tax everyday from 100naira to 300naira or there about. If we add it we might be talking in the range of 20 to 40billion monthly.. How much is lagos igr...does these figures reflect in their igr?
This issueisnt just domiciled in lagos but every other states. In akwaibom markets pay daily tax, keke buses, keke and other taxis pay daily taxes, but these are not directly under the state govt but third parties which will later renumerate some percentage to the state.
There is alot of work to be done..

Lol. They thought governance was sky rocket. Idïots that has a dead brain in power. They're packaging another lifeless to take from lifeless... Zimbabwe will child's play then. A futureless country

FalseProphet1:
It will fall to N1000 per $1 by 2023.

This I have seen

You no lie my brother

osuofia2:
Emefiele why, with Buhari efforts in making the economy stable yet the south keep sabotaging his efforts. Emefiele needs to be fired

Which effort? Can anything good come out of NEPA bill certificate?

potland:

https://gazettengr.com/just-in-naira-falls-to-n540-per-dollar/

, theraregem1, okefranci, joylove2324...what do we say now? Since 216 wasn't ok, 540 is ok. I guess we are making progress.

poiZon:

Who leads the economic team? osinbajo..
Don't u think he should be the one to resign first?
Emefiele is coordinating both the monetary and fiscal policy.
The madam that is minister of economy is doing her IT...
Maybe they r warming her for the position of World Bank sales rep.

Is Osibanjo the one making all the bad policies affecting BDC, Crypto and the likes? He has been the one mediating and protecting interest of the people from harmful policies of CBN.

Asking him to resign is like asking the country to collapse.

lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

Amen in the powerful name of our LORD Jesus Christ

grandstar:
This slide is what you get when a layman is in charge of Forex policies. PMB, a man whose understanding of economics borders on the disturbing dictates how foreign exchange is dispersed.

Emefiele, the CBN governor, rather than tell off the president from politically meddling in the Banks affairs has instead, timidly been taken dictates from PMB.

I won't be surprised if the rate hits 600 soon.

Are you minding the puppet CBN governor?
This is what nepotism and disregard for rule of law breeds.. total failure of a system.
When CBN started taking orders from politicians mostly from the quota system North, I knew we were heading for the rocks. Now look at the damage caused yet the puppet wants to sit tight in office. This country is a joke.

flokii:


Is Osibanjo the one making all the bad policies affecting BDC, Crypto and the likes? He has been the one mediating and protecting interest of the people from harmful policies of CBN.

Asking him to resign is like asking the country to collapse.

Doesthe president know how an economy should be like?
Osinbajo by the workings of the constitution is the leader ofthe economic team, if he sees some handicaps in emefiele's management of monetary policies, he should advise buhari to sack him and appoint whoever they deem fit to handle that position.
The ball lies in their court.
U don't expect emefiele to resign, abi did he campaigned or promised to make dollar at par with naira, it was osinbajo n buhari that promised us strong and vibrant economy.

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hustla:



Smh

Typical black man, knows about himself only even when the enjoyment he thinks is enjoying will come back to bite him

The rise in dollar will make life harder for the common man, crime will rise as a result of spike in prices of food

Abeg explain give thief wey come your house because hunger don kill am say u dey earn in dollar

The problem of this country is the citizens.

poiZon:

We r taxing everybody in Nigeria.
There is nobody in Nigeria that doesnt pay tax, the issue is who r those collecting these taxes?
In lagos monies generated by touts or agberos from keke, danfo buses monthly is estimated to be in the figure of more than 100billion naira.
This is from transport alone, now all the markets they pay tax everyday from 100naira to 300naira or there about. If we add it we might be talking in the range of 20 to 40billion monthly.. How much is lagos igr...does these figures reflect in their igr?
This issueisnt just domiciled in lagos but every other states. In akwaibom markets pay daily tax, keke buses, keke and other taxis pay daily taxes, but these are not directly under the state govt but third parties which will later renumerate some percentage to the state.
There is alot of work to be done..

The people you see paying taxes are the 30% who pay taxes...plus the monies going to agbero and to the market does not end up in government coffers.

Nigeria, as a whole, has a tax to gdp ratio of 6.1% 30% of the taxable population pays taxes. Our tax level is so low that the World bank warned us. We are also a poor naiton because we are a resource dependent naiton . We don't use our resources.

As if there is anything else the yeye Naira can do if not to fall

potland:

https://gazettengr.com/just-in-naira-falls-to-n540-per-dollar/

Nairalanders, the fall of the Naira at 540 is the least of Buhari's worries.

The old man is still wondering who gave Obi Cubana the guts to assemble all those cows on OBA.
He may also be wondering how those cows were treated and whether some of them are still alive

goody234:

The CBN economic policies are sound there are smart people in there.. but they fail to realise the human factor and how people react to thier policies...some polices dont need to be announced and just done on a low ,openly telling the country that BDC will not be supplied with foreign currency caused a panic ...

Can't you see the blatant contradiction in what you're saying? If the "CBN economic policies are sound", how can it also be that "they fail to realise the human factor and how people react to thier policies"? Isn't that the very definition of unsound policymaking?

As for all those who were jubilating when the BDCs were shut out from the forex market, where are they all now? Shouldn't the Naira's value against the dollar be going from strength to strength now, with all those "evil", "greedy" BDC profiteers out of the loop? Or perhaps the issue never had anything to do with the BDCs in the first place, and they were merely convenient scapegoats for the real problem, which is Buhari and Emefiele's inflationary policies - no, surely that can't be it ...

TMTR:
No shaking to those of us earning in dollars

You comment like a fellow without knowledge of economics

lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

Never ever! World Worst president ever

poiZon:

Doesthe president know how an economy should be like?
Osinbajo by the workings of the constitution is the leader ofthe economic team, if he sees some handicaps in emefiele's management of monetary policies, he should advise buhari to sack him and appoint whoever they deem fit to handle that position.
The ball lies in their court.
U don't expect emefiele to resign, abi did he campaigned or promised to make dollar at par with naira, it was osinbajo n buhari that promised us strong and vibrant economy.

Because he chairs NEC, that means he heads the economic team? Please Mr. Man go and research about NEC and what NEC does. Your ignorance sickens me truly.

omohayek:

Can't you see the blatant contradiction in what you're saying? If the "CBN economic policies are sound", how can it also be that "they fail to realise the human factor and how people react to thier policies"? Isn't that the very definition of unsound policymaking?

As for all those who were jubilating when the BDCs were shut out from the forex market, where are they all now? Shouldn't the Naira's value against the dollar be going from strength to strength now, with all those "evil", "greedy" BDC profiteers out of the loop? Or perhaps the issue never had anything to do with the BDCs in the first place, and they were merely convenient scapegoats for the real problem, which is Buhari and Emefiele's inflationary policies - no, surely that can't be it ...

it is sound policy making its the way they went about it ...there should not be a black market for foreign currency ...its nigerians love for foreign currency causing all this nonsense in the first place ...

Dont kid yourself and think western countries have not got inflation the way they were printing money during the pandemic last year ...they just cover up their inflationary pressures ....voodoo economics and also people have confidence their currencies anyway

Oyerinde16:
I changed money today and I almost cried, this 110 Euros cost #71,140 naira... And the 2 dollars cost #1,068...

€110

E be like na Embassy of Poland you wan give that one

Dollywood:


I earn in dollars too, and it's practically same, because foodstuffs, and others price will hike, and the money when exchanged to naira gets finished quickly.

The only advantage with earning in dollars is that you'll be better off than those earning in Naira... But that's not a good reason to act unconcerned... I earn thousands of dollars every month, but this news isn't making my day.

TheRareGem1:


Because he chairs NEC, that means he heads the economic team? Please Mr. Man go and research about NEC and what NEC does. Your ignorance sickens me truly.

Am sorry, we r not on the same pedestal.
Nec means national economic council, chaired by vp, it constitutes the 36govrs, cbn govr n others. That others could be the economic team.
He chairs the NEC and he heads the economic team.
The president is the Commander in chief of armed forces, everything concerning security is being reported to the preSident.
I know ur IQ is abysmal but try not to expose ur low capacity brain in public

Modrov:


The people you see paying taxes are the 30% who pay taxes...plus the monies going to agbero and to the market does not end up in government coffers.

Nigeria, as a whole, has a tax to gdp ratio of 6.1% 30% of the taxable population pays taxes. Our tax level is so low that the World bank warned us. We are also a poor naiton because we are a resource dependent naiton . We don't use our resources.

Nigeria is largely a consuming nation, some states r predominantly civil service state. Unemployment as at the last check is at 33percent which to me is under-stats.
Its more than that figure.
Who should pay tax?
Should someone who doesnt earn a dime monthly pay tax?
When u say 30percent of the taxabke population pay tax, it means the other 70percent are untaxable, on what basis are u taxing them?
For walking on the road, or what?
Most nigerians live by begging, they r some that r surviving and not living.
There is income tax, aka PAYE...i cant be paying tax when i don't earn anything monthly.
How i survive every month is a great concern govt should look into and not why i haven't paid tax.

Dikaveli:
Lies

Stop lieing brother

Lying NOT “Lieing”

flokii:


Are you minding the puppet CBN governor?
This is what nepotism and disregard for rule of law breeds.. total failure of a system.
When CBN started taking orders from politicians mostly from the quota system North, I knew we were heading for the rocks. Now look at the damage caused yet the puppet wants to sit tight in office. This country is a joke.

"Puppet CBN governor"- that is really what Emefiele is

HenryDion:


The only advantage with earning in dollars is that you'll be better off than those earning in Naira... But that's not a good reason to act unconcerned... I earn thousands of dollars every month, but this news isn't making my day.

You don't need let us know how much you earn, but it's fine.
Now to the point, the increment in dollar rates will definitely make life a hell of Nigerians, and we all going to feel it. Doesn't matter whoever earns in dollar, euro or naira because the rate at which you buy stuffs will definitely increase, whilst cut your budget, and force you to spend.

valx2:
I have over $500 trapped in a restricted Fiverr account. Chaii I need that money now like tomorrow no dey.
I wouldn't mind sharing some percentage with whoever will help me bring it out.

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this is 2 let us know that God principle of faith & works is still there, that's y when the GO of rccg say that d value of naira will increase, it was like faith without works, as d fg has not add any works that will improve d value of naira

SweetOlive:


Lying NOT “Lieing”

imagine how you are embarrassing your lineage

Enjoying my lowkey life. Sorry Mr. Naira! Na this bad government da do you.

iamadonis22:


€110

E be like na Embassy of Poland you wan give that one

Your head is there...