₦airaland Forum

givedemwotowoto:
My point is, show us the numbers let’s see and decide. Don’t pass this bill in such a hurry when it’s not fully understood.

From what you posted, you don’t fully understand it yourself, because you should be able to tell me that in August 2024, instead of N663 million, Abia was supposed to generate N7 billion if companies had paid taxes to Abia and not their headquarters in Lagos.

Show us the numbers before we decide, that’s my point. Don’t just confuse us with “states will generate more if this and that happened” and we blindly agree to what we don’t fully understand.

FIRS has the data, show it to us. Don’t be in such a hurry because it’s suspicious

givedemwotowoto:
The VAT reform portion of the bill is not fully understood yet.

Nobody can tell you at this point with certainty how much VAT each state is estimated to collect based on this proposed reform. We need to see the numbers. How will VAT change with the proposed reforms?

Below is the VAT revenue collected for the month of August 2024. Lagos generated the highest VAT of N249.77 billion while Imo generated the lowest VAT of N235 million.

1. Lagos State: ₦249.77 billion
2. Rivers State: ₦70.54 billion
3. Oyo State: ₦20.11 billion
4. Abuja FCT: ₦18.17 billion
5. Delta State: ₦13.09 billion
6. Bayelsa State: ₦7.12 billion
7. Kano State: ₦4.65 billion
8. Akwa Ibom State: ₦4.49 billion
9. Anambra State: ₦4.28 billion
10. Edo State: ₦4.05 billion
11. Ekiti State: ₦3.66 billion
12. Borno State: ₦3.00 billion
13. Kwara State: ₦2.89 billion
14. Adamawa State: ₦2.59 billion
15. Plateau State: ₦2.58 billion
16. Benue State: ₦2.56 billion
17. Gombe State: ₦2.55 billion
18. Kogi State: ₦2.43 billion
19. Kaduna State: ₦2.03 billion
20. Ebonyi State: ₦1.90 billion
21. Taraba State: ₦1.88 billion
22. Sokoto State: ₦1.84 billion
23. Osun State: ₦1.81 billion
24. Ogun State: ₦1.74 billion
25. Niger State: ₦1.73 billion
26. Yobe State: ₦1.71 billion
27. Katsina State: ₦1.68 billion
28. Jigawa State: ₦1.59 billion
29. Nasarawa State: ₦1.47 billion
30. Ondo State: ₦1.45 billion
31. Enugu State: ₦1.08 billion
32. Cross River State: ₦1.08 billion
33. Bauchi State: ₦691.28 million
34. Kebbi State: ₦665.17 million
35. Abia State: ₦663.42 million
36. Zamfara State: ₦432.80 million
37. Imo State: ₦235.41 million

How will VAT reform change these numbers? For example, how much VAT should've been paid to Abia that was paid to Lagos?

On the question why many politicians from the North are against it, notice that out of the top 10 lowest VAT states, North is 50%. In fact, checking the top 20 lowest VAT states, North is 60%.

Many South East states are also among the lowest VAT generating states. 3 out of the top 10 lowest VAT states are from the SE.

You may also notice that 3 of the top 10 lowest VAT states are oil producing states. Most of their oil revenue is distributed to other states, but the new VAT proposal is trying to let high VAT generating states like Lagos keep most of the revenue. Is this fair?

yoruboid:
With a ruler and protractor

This thread is for people with a minimum of a secondary school education.

You can ask the educated folks in your extended family how stats like these are measured

System202:
Who are you to speak on the helm of affairs? Lagos is budgeting trillions, Sanwo Olu flaunts a wristwatch of ₦200 million while Lagosians are trapped in slums and grinding poverty. Meanwhile, Tinubu continues to amass obscene wealth at the expense of the people. Your so called new sheriff is an incompetent fool with no direction. He removed fuel subsidies and floated the naira, plunging Nigerians north including south into unbearable suffering.
He claimed that the Port Harcourt refinery is operational which turns out nothing but propaganda designed to mock people like u. This disastrous tax policy isn’t just devastating the north it will ravage southern states, including the parasitic southestern and impoverished Ekiti state. This government’s is reckless and curse, these charlatans enriching themselves while the nation crumbles.

Ringstonermasks:
he is a one man, how does his statement reflect an entire tribe

DomPerignon:
See this 0suegbe.

Why should I claim what I am not?

You think everybody is like you 0sus that will deny your own shadows and claim other tribes online?

Answer my question and tell us why you parasites are opposed to the pending tax bill that will ensure that
50% of taxes and vat generated in a state remain in that state.

PulaPower:
The change you’re craving for can begin with you..

Abi, who says you can’t become our own Steve Jobs?

I’m sure you’re blessed and talented. Invent something we can be exporting aside from crude and Nigeria will worship you for life !

kunleiky:
Well, you are a prophet of some sort, cos you are right
In another thread now, Zulum of Borno don dey lament, say they won't be able to pay salaries if implemented

Those people can destroy alcohol, but they want money from alcohol. What a logic.

kunleiky:
Well, you are a prophet of some sort, cos you are right
In another thread now, Zulum of Borno don dey lament, say they won't be able to pay salaries if implemented

Those people can destroy alcohol, but they want money from alcohol. What a logic.

festacman:
France that could not develop the economy of Francophone countries will not do more than it is currently doing.

Mr. President, the best thing to do is to DELIBERATELY develop policy frameworks, specify opportunities and create vital incentives to encourage existing and potential local investors to put money into the various sectors of the economy.

Only Nigerians will GENUINELY invest Nigeria, plough profit back and create more wealth. Challenge them vital policies, incentives and other ways of protection and encouragement.

jmoore:
It didn't happen in southeast, so these guys below have gone into hiding.

ivandragon:
The tax bill is a good in some areas like the reduced taxes for SMEs, zero tax for those earning below 1m per annum & power generated & distributed within Nigeria and allocating more VAT revenue to states.

But it also has some worrying implications.

First, price of goods & services will increase since VAT will go up to 15%

Second, more taxes for those earning above minimum wage.

Third, with reduced FG revenue, expect increase in cost of government services such as education and health. This would be made worse for tertiary institutions with the death of TETFund.

Fourth, the reform does not favour resource rich state as the FG still controls thier main natural resources.

Fifth, the reduced taxes for businesses is good but tends to favour the politicians themselves who are the ones that loot state resources and establish or invest in these same businesses. So they are simply reducing taxes for themselves.

Also, the tax reform cleverly ignores the need to link income-assests-tax. This loophole is what people like bat use to hide thier loot. What assets does bat have, what is his income? How much tax does he pay? He and other looters keep playing with the areas that need real reform.

It is only reforms that impact the masses negatively that they pursue vigorously.

OboOlora:
As a product of PWC and one of the most brilliant tax consultants I know, Taiwo should be an asset to this administration.
But knowing Tinubu and his reputation for failure, I doubt it.
This administration has one of the best guys in its financial reform committees including Bismark Rewane and yet, the country is in disarray economically.
It is well sha

CorrectionFLuid:
It's just theatrics. To make it look like the judiciary is independent.

smallsmall:
It is not OBJ's Problem or Duty, to solve his Adult Son's Marital problem.... OBJ has his own Marital problems to solve too.

Such marital issues as stated here, are best dealt with, by "outsiders", not someone directly related to either one of the aggrieved party.
If OBJ says something, the wife might say he is siding with his Son!
Elderly, Truth, Honest, God-fearing and Courageous outsiders and intervene and bring the Couples together.

But, in my own opinion, when a Marriage gets to the point that One of the Couples have to go on Social media to beg the other to stay, that marriage is 'gone for good", the begging Partner is either setting him/herself up for abuse/exploitation and eventual discard, or just wants an opportunity to get-even or buy time to move-on.
In Marriage, you are either Totally-In or Totally-Out, no middle ground, no room for "begging to stay".
Maybe Obasanjo Pikin realized too late, Abuja APC Politicians have taken over his Wife, (the way Wike is 'taking-over' People's land in Abuja) and he wants to fight back or cash-in.

SocialJustice:
He's scared na. I don't even know who advised him to do such.

Sermwell:
[b]Thiefnubuu's child that is gay abi na lesbian nko? [/b]Abi na you born that one?

Chucks13:
Do you know obj at all? Bro obj na devil I repeat obj na devil pls let's forget about all his caricatured political sainthood nonsense if you want to know who real obj is go to his children and his village where he lives and hear people comment about him you will be shock. I repeat obj na devil.

I won't say more than that. As a former president, rich and popular pls ask any of his children who trained them I school? Pls go and verify what I said. If you born for obj na you go train your pikin I'm saying it with all boldness, his kids sees him as figure head father, so he can't settles broken home because himself is broken home man internally.

Thanks...

FuckTheMod:
The man is just a very stupìd.
He'll surely regret ever apologizing.
Sometimes, one could guess the kind of person someone is by their look. You see that woman, she'll probably be a vengeful troublesome woman.
The matter no go pass cheating and girlfriend issue but if you check their BODYCOUNT now, that woman's BODYCOUNT will be more than her husband's own.

Skooltynz:
Abakiliki are proud igbos and proud Biafrans and other Biafrans love them too,every tribe has something that divides them and something that unites them,just like an average Yoruba doesn't see an illaje or okun as real yorubas or isokos who do not consider themselves urhobos but speak the same language its everywhere.

Hehehehehe:
Lol my pleasure