nairalanda1:


1. Algeria produces about 4 times more oil than we do so more money (actually around the same amount of crude, but for a population of 44.5 million people, compared to our 200 million and more).

2. South Africa has a diversified economy and as such has more money.

3. Egypt has a diversified economy and is a tourism monster. (Everyone must see the Pyramids and the Sphinx at least once. That's billions of kash in hard currency without doing anything)

nairalanda1:


One way we can fight corruption is by improving our tax to gdp ratio to 50% from 10%

More people paying taxes -more eyes on government= hell let loose for any stealing

But look at it, 33 billion dollars, if spent 'wisely without corruption' on 200 million people won't go far. At all. Corruption makes the bad situation ten times worse.

Phantom233:
It's not about how much you budget but what you actually do with the money. Even if we're given 500billion dollars yearly, our extremly corrupt and wicked Apc political rulers and Allies will reloot the monies without any tangible results

Ogene001:

A population that praise Chinese and lebanese industrialization in Ogun who pack Nigeria money to their countries but mock Nnewi and Aba for their indegenous efforts

gare:



Reno shut up your mouth, our major problem in Nigeria is corruption, since you have failed to talk about it, let me remind you, because you have been creating so much nuisance of late on social media.

If we can reduce corruption by 40% in the country you will see meaningful development, 70% of our budget is stolen by politicians what do you expect the country to do with 30%.

Please go and look for a job because you are becoming a nuisance.

abdeefggh:
We have a long way to go

casualobserver:


That’s the real problem. I am sure 90% of those in the National Assembly do not pay their fair share of taxes. I remmember during confirmation Akpabio was shocked when he saw the tax clearance of Audu from Kogi. Clearly he wasn’t use to his fellow politicians paying their true taxes. But he is a minority.

I don’t know how you can declare assets to CCB and they won’t ask where is your tax paid commensurate with this level of wealth. In other countries if you have money and you haven’t paid taxes you live a low profile so the tax man doesn’t target you.

tsdarkside:


is he wrong....??

you are not rich....stop lyin to yourselves....
corruption is in every nation on earth....
our own is we are fightin each other for the little we have like crabs in a bucket....

nairalanda1:


South Africa has some issues with corruption

abdeefggh:
We have a long way to go

Kukutenla:

This one has started making excuses for criminals
How much are you been paid to do this?

nairalanda1:


This Nigerian thinks that nnewi and aba are amazing.

Tochi3:
. Kill corruption, making sure that politicians with questionable characters don't ever get near power , for example poo'hari & Thief'nubu & see Nigeria's budget surpass the three countries..the country Nigeria is richly blessed with resources than the three countries combined

Incompetent foools like the two mentioned above have no love for the country... Just came to steal, Plunder, enthrone ethnic supremacy, corner & siphone the resources to themselves & goons...while their Internet miscreants tell you that it is because of our Huge population & you should make sacrifices having patience

tsdarkside:


paid to do what....??

nigeria is not a rich country....period....
the sooner you realize that the better for you....

you go fight other nigerians tire....

abdeefggh:
We have a long way to go

BabaAduras:


See how parochial your thinking is. So it is only Buhari and Tinubu the messed the country up? Because of political blindness, you have developed selective memory and cannot think logically.

You cannot understand that the problem of Nigeria started when Agunyi Ironsi cancelled the prosperous regional governments and concentrated power and economy at the center. That singular action, killed all the regional bases of industrialization (Palm Kernel in the West, Groundnut and Leather in the North, Coal mining in the East).

This was followed by recklessness Gowon/Awolowo era of "our problem is not how to make money but how to spend it" coupled with the hyper-inflation that followed "Udoji Allowance."

Muritala and Obj just followed Gowon/Awolowo economic blueprint and handed power to the super looting era of Shehu Shagari.

From then to date, the only government that tried to change the trend was GMB/Idiagbon. Unfortunately, Nigerians were not ready to make the necessary sacrifices to make it work. So the government did not last. It was toppled by the smiling super-looter IBB. All the governments we have had since then to date are just super-looters with no plan nor the boldness to drive necessary change that would resulted in the nations prosperity.

The hope is that BAT can sustain the bold initiatives he has started to reverse our fortunes. That is the waiting game. It is simply too early now to see a sudden reverse in fortune of an economy that has been damaged and battered for over a period of close to 55 years.

I must say, people like you who cannot look back to understand the problems, but reason and make comments from political/ethnical/tribal point of view are not helping the matter at all.

Catapault:


The NUMBER 1 problem of Nigeria is NOT corruption.

It is that we don’t earn enough as a country.

Phantom233:
It's not about how much you budget but what you actually do with the money. Even if we're given 500billion dollars yearly, our extremly corrupt and wicked Apc political rulers and Allies will reloot the monies without any tangible results

Burob:
Shameless corrupt thing, you think by mentioning APC you are exempted, or are you not Nigerian?

Because in spite of the highest allocation from the FAAC in the past 8 years, this year included it was APC that managed the money for Pdp who have been @ the helms of Delta State for the past 24 years?

Keep deceiving yourself, corrupt Agbadorian Almijiri.

Kukutenla:

Yeah. I'm sure South Africa has a past ruler who is still sending them money from the grave and a past minister who is standing trial for bribery in UK. Dey deceive yasef because of agbado

DeepSight:


Please I mean no offense oh, so try to take none - but how old are you? Because I dont know if you know much of our country. I dont know if you know, for example, how we budget for certain pieces of major infrastructure every year, and leave them untouched. There are many I can point out to you which have been funded for over twenty years consistently and never been touched. What is that if not black magic. That's why I asked how old you are. If the question offends you, please let me translate it to how long you have been following political economics in Nigeria. That's a better way to phrase it.

Dear friend, if you understand the ruthlessness of our corruption and its depth and scale, you would know that corruption has always been our biggest problem. If you like earn one trillion dollars, it will disappear in Nigeria, I guarantee you.

abdeefggh:
We have a long way to go

tsdarkside:


i tell you....
soo,suggestin taxin more will only hit the poor much harder in nigeria....

Corn247:
And this Nigeria's budgets is mostly borrowed.

Sorry to say, this is what you get when you have huge unproductive population, population that thinks they are smart and intelligent by importing what we should be forced to produce.

The mod should move this vital information to Frontpage

Nflmod
Mynd44

DeepSight:


Besides they sent Zuma to Jail. Which Nigerian president can even be investigated, not to speak of jailed.

abdeefggh:
We have a long way to go

casualobserver:


There is an economics to tax collection.

They can’t target the poor because they have little to give if any, for the efforts/overheads required to get the tax out of them. It is the self employed of which there are many that don’t pay their fair share of taxes. The guy who sells spare parts that you are hailing for buildings big house is not a poor man and I can bet you he does not pay the right amount of taxes. The man who deals in haulage, the wholesale food seller, the government contractor, the landlord with multiple properties collecting rent, etc etc etc….most of these people only pay token taxes and many of them are very well off. A lot of them are richer than the salaried workers who bear the brunt of our tax burden because they are deducted at source.

tsdarkside:


bros,its more complicated than you think....trump was scared to tax the rich in america because he thinks its the rich that give jobs to the poor....

tsdarkside:


olomo billionaires....

what are you still movin around for then....

stay in your region....

casualobserver:


Trump wasn’t scared to tax the rich, the republicans have always been a party of low taxes…it is ideological. And there is a difference between taxing people who already pay taxes more and targeting people who don’t pay.