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Nairaland Forum / Nairaland / General / Politics / 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime (29999 Views)
As 30 States Propose N8 Trillion, Only Lagos, Rivers, Anambra Can Fund Budget / Report Rates 30 States In Nigeria Dirty, 7 Clean / Which States Will Oppose The New VAT Ruling? (2) (3) (4)
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30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by cocolacec(m): 11:03am On Sep 10, 2021 |
Many states in Nigeria may not be able to meet their financial commitments as the federal government could lose revenue from taxes amidst dwindling revenue in recent times with a court ruling assigning the collection of Value Added Tax (VAT) and two other taxes to states. https://dailytrust.com/30-states-risk-bankruptcy-as-lagos-rivers-set-for-new-vat-regime 6 Likes 5 Shares
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Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Fahdiga(m): 11:05am On Sep 10, 2021 |
Northern parasites will continue banging their oblong head on the floor until they receive sense 165 Likes 7 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Mossadd: 11:13am On Sep 10, 2021 |
Any lazy state that want to go bankruptcy should not hesitate to go, if their citizens suffer for 4 years they will learn how to vote for an intelligent candidate that will work for the people not the one that is just opportune to have money to buy votes without nothing to offer 272 Likes 8 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by techwaya: 11:17am On Sep 10, 2021 |
I said it earlier,this tax formulae will not work some States will just collapse,this is more like resources control. 12 Likes 5 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Jerryherd: 11:19am On Sep 10, 2021 |
Time for them to get serious and creative . 39 Likes 2 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Nobody: 11:27am On Sep 10, 2021 |
Well... change is constant. 7 Likes 1 Share |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Nobody: 11:29am On Sep 10, 2021 |
FIRS should just renogotiate with the major states. For example, Lagos State, FCT, Rivers and the rest of the states can keep 50-60% of what she generates, why the rest of the 40% will be shared among the 36 stayed and the FCT equally. There can be a timeline, It can be till 2030. Between 2021 and 2030, the rest of the states go don dey work hard, towards creating a conducive environment for business to be establish in each State. This will be a win win situation for the states and FG. 81 Likes 6 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by robosky02(m): 11:33am On Sep 10, 2021 |
Ok |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by chiedu7: 11:33am On Sep 10, 2021 |
As Zamfara enjoys its Gold, let the states in the South Enjoy their own resource 139 Likes 3 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by JosephXavier: 11:33am On Sep 10, 2021 |
There is no way the states will go bankrupt Abokis still have proceeds from crude oil sales generated from the south to share every month at Abuja The south just wants to retain the tax after working hard to bring investors There is no way you'll keep pursuing investors and be getting dividends from those that give enabling environments for business to thrive 63 Likes 3 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Ekakamba: 11:33am On Sep 10, 2021 |
This is what happens when you get married to an intellect (both gender). I think Gov. Wike's wife with the help of her colleagues notifies her husband about these VAT loopholes and how to turn them around for the State's benefit. I might be wrong though. 77 Likes 4 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Amperes: 11:33am On Sep 10, 2021 |
Positive change is always painful, this is exactly what we need to move forward as a nation. every state should hustle for its own money, same thing should happen with oil, i dont care if the oil producing states get all the oil money. zamfara mines gold and keeps all the proceeds to themselves, but they will be quick to share oil money from Delta state. most of the countries nigerians now run to are very small countries with strong economy. Singapore is smaller than Lagos state yet Lagos is the smallest state in Nigeria. Lagos makes more money than all the northern states combined. it is not by creating 44 local governments in Kano state just so you can have a lion share of money coming from Rivers. The exploitation has to stop. 91 Likes 5 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by kennieG(m): 11:33am On Sep 10, 2021 |
The game is on 1 Like |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Parisian: 11:33am On Sep 10, 2021 |
I don't care if they go bankrupt or starve. They've been ripping us off since forever. 10 Likes 2 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Anaerobi(m): 11:34am On Sep 10, 2021 |
Lol... This is getting interesting. From the Chart above, those are the state with least VAT collection. But even at that, Bayelsa have 8 local government, Jigawa 27, Adamawa 21, Niger 25, Yobe 17. Those state have x2 of Bayelsa, yet Bayelsa collects more taxs than them... But if you check well, they get more FG allocation than Bayelsa..... It's obvious that the South, West and East are the people sustaing this country. The north are just parasite. Mod if u like, ban me like you usually do whenever I say the truth.... But that's just the gospel truth... 85 Likes 6 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by vinceyinnovation: 11:34am On Sep 10, 2021 |
Will this VAT change the of garri in the market? I will be watching... Good news anyways for those who will be able to loot the VAT... 3 Likes 1 Share |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Bluebolt: 11:34am On Sep 10, 2021 |
Toor! 1 Like |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by arthurwillia(m): 11:34am On Sep 10, 2021 |
Bayelsa with their problem Abeg so what will FIRS now do if they stop collecting t VAT? 1 Like |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by sojayy(m): 11:35am On Sep 10, 2021 |
A welcome development.......as u lay ur bed, u'll lie on it 2 Likes |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Henrolla(m): 11:35am On Sep 10, 2021 |
New Era |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Thermodynamics(m): 11:35am On Sep 10, 2021 |
States de collect VAT Lagos sef wan still de collect VAT, Lagos when the whole Nigeria de feed. Lagos is a metropolitan city that was built by the entire Country. There is nothing special about the place, if not for sea port, Lagos for be like Ogun or Abia, there are sea ports in Calabar, Warri and Port Harcourt, but in a bid to make Lagos the center of attraction, the federal government refuse to grant license to the sea ports in Niger Delta. I support that each start should collect their VAT but Lagos nor join, Lagos is for the entire Country. The state nor even get any resources, unlike Rivers State which has an intrinsic value. 12 Likes 2 Shares |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Kingpele(m): 11:35am On Sep 10, 2021 |
Ripple effect |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Ebije1(m): 11:35am On Sep 10, 2021 |
Let them go bankrupt. That will make them start thinking independently 7 Likes |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by gurunlocker: 11:36am On Sep 10, 2021 |
Revolution is here... How would 2 to 3 states be feeding 30+ states? That's crazy! And still there's a stupid quota system where the leeches rules and control resources. 17 Likes |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by dynicks(m): 11:36am On Sep 10, 2021 |
KOGI state governor wondering why this act came up during his time as a governor.... Why e come be now wey be say my stage don set to follow chop national cake na'im DJ WIKE AND SANWOLU decided to play their raggae just to crash party wey me don organize finish 23 Likes
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Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Nobody: 11:36am On Sep 10, 2021 |
DubaiLandLord:Nothing less than 70% should be acceptable 8 Likes |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by RodgersAkpafu: 11:36am On Sep 10, 2021 |
DubaiLandLord:This is a good compromise But will greed and hubris allow the FIRS do this? 6 Likes |
Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by CR777: 11:36am On Sep 10, 2021 |
Good development. No matter how bad it gets, I am sure we Igbos can never eat grass unlike the useless religious blinded fools we have in a certain region. They have tried all their best to hold us down in this country, but our chi no dey sleep. Despite not holding a juicy post in this administration run by the most useless and nepotic president, we are still waxing strong from every angle. God bless umunnem. God bless Igbos all over the country and outside. 36 Likes 2 Shares |
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