Na wa....

Make we dey manage our cars o...

Some people no go fit buy toks again... Lol

This is why Automobiles are far more expensive in Nigeria than small countries like Cotonou. Please do we really have a dream for a new Nigeria that we all can live like other small countries without natural resources

Multiple taxation. Once clearing agents offset the extra burden on their service cost, imported goods go up generally and the masses pay.
I hope it applies to luxury and leisure things and not on machines.

APC

Sold a dream, given a nightmare!!

No unnecessary borrowing this time around.

We need to generate the money internally

Omo! Fuel and clearing cost wahala on. Nigeria go survive.

helinues:
No unnecessary borrowing this time around.

We need to generate the money internally

generate more money from the system but give almost nothing back to aid the system. Isn't it better they just print their money and keep it instead of circulating it, make people work hard for it then make the working process so hard on people?

Fg are getting mad I swear

CodeTemplar:
generate more money from the system but give almost nothing back to aid the system. Isn't it better they just print their money and keep it instead of circulating it, make people work hard for it then make the working process so hard on people?

You can't over tax the people and expect the country to prosper. Over taxation is why I never wanted Tinubu. He over taxes. There are other ways the govt can generate revenue, we have multiple natural resources, the zamfara gold I have never heard anything about how the gold is adding to our income. How do you encourage SME when you're taxing them to death.

helinues:
No unnecessary borrowing this time around.

We need to generate the money internally

With which money??

Hopefully salaries will be increased to cushion all these increments

Bidema:
This is why Automobiles are far more expensive in Nigeria than small countries like Cotonou. Please do we really have a dream for a new Nigeria that we all can live like other small countries without natural resources

You're lying

Car is not far cheaper in Cotonou than Lagos

You can bring out your valid evidence to prove me wrong though

OneCandleAway:


You can't over tax the people and expect the country to prosper. Over taxation is why I never wanted Tinubu. He over taxes. There are other ways the govt can generate revenue, we have multiple natural resources, the zamfara gold I have never heard anything about how the gold is adding to our income. How do you encourage SME when you're taxing them to death.

helinues:
No unnecessary borrowing this time around.

We need to generate the money internally

You will only increase poverty, the solution is to support small businesses to increase production for export. Taxation is never a sign of progress

MXrep:

You will only increase poverty, the solution is to support small businesses to increase production for export. Taxation is never a sign of progress

Increase poverty? How?

helinues:
No unnecessary borrowing this time around.

We need to generate the money internally

You are very right my Nigga. But, this increase is too much. So many increases in the prices of everything across all aspects of life. Blocking loopholes for looting will give more money and not suffocate the masses.

🤲🏼🤲🏼🤲🏼🤲🏼😫😫😫🤲🏼🤲🏼🤲🏼

The increment will Favour.....................

The govt should calm down a bit, the masses needs to settle down with the subsidy removal before other stuff would come in gradually, I don't know those advising the selected president, he is going awire

helinues:
No unnecessary borrowing this time around.

We need to generate the money internally

Oya take go & generate yours. Not by pay per Post on Nairaland generation Lol

We are going into recession: no magic about this

Lol

1 Kings 12:10 And the young men that were grown up with him spake unto him, saying, Thus shalt thou speak unto this people that spake unto thee, saying, Thy father made our yoke heavy, but make thou it lighter unto us; thus shalt thou say unto them, My little finger shall be thicker than my father's loins.
12:11 And now whereas my father did lade you with a heavy yoke, I will add to your yoke: my father hath chastised you with whips, but I will chastise you with scorpions.

one of the reasons I didn't want tinubu to win.

Over taxing will lead to more poverty and reduce the purchasing power of Nigerians.

Tax collector is in charge

He said he will widen the tax net and he's doing

MrRichmond:
one of the reasons I didn't want tinubu to win.

Over taxing will lead to more poverty and reduce the purchasing power of Nigerians.

Anyone that studies lagos will know to expect over taxation.

Remodeling of Nigeria to Lagos standard, expect more taxes and hikes

They just keep increasing everything in this country except Salaries and Wages of hardworking Workers

Interesting

Parachoco:
You're lying

Car is not far cheaper in Cotonou than Lagos

Please explain!

This is pure Lagos blueprint of over taxation, next is tolling of our roads, even pedestrians will soon be taxed.
Ordinary food wey poor man chop dey vex Tinubu, him wan tax everything.

Just so we are clear, did they increase the rates or the new exchange rate is what is affecting the clearing rate? I know there is a component of the clearing fee that is valued in USD, so before now they were using the 416USD exchange rate, but not that the rate is now around 770USD, it is expected that the clearing fee will also change.

I think it is the newly floated exchange rate. That means theoretically, if the exchange rate was to reduce then the clearing rate will also reduce.