₦airaland Forum

gnykelly:
I work in Nigeria railway corporation. Jonathan bought a single old green train which he commission in Lagos that same train he took to kano to commission and every other places. I don't believe any of this bridges someone in kano should confirm.

adaweezy:
Did I say manufacturers don't pay taxes stop reading to reply , read to understand ........

adaweezy:
The IOCs are part of the manufacturing sectors or what are they now marketing sectors ?...
You keep avoiding the issues at hand... Discussions should not be about wanting to reply, it should be more about wanting to educate and you succed in just replying by sticking to a narrow view
The naira is going down and nigeria is no china who produces ... This theories being postulated by you are similar to the SAP failure

adaweezy:
Most manufacturers enjoy tax reliefs due to govt policies to enable them perform well and maintain steady growth
Besides Nigerias tax laws especially CITA are very lenient on employers compared to the Tax rates in France and Germany .
Sorry your Tax theory is feeble

adaweezy:
according to the PPTA Nig collects 85% TAX from IOCs why has no IOC sacked workers ??

adaweezy:
I just gave you an hypothetical case study abd you are avoiding the question ...
Last I checked development is to tally with the society not the other way round ,,,,
Why are manufacturing companies sacking workers??
Your logic is quite illogical

adaweezy:
Smh you have not addresed the issue at hand
Problem
MR A wants his son MR B to study aeronautic engineering. No school in nigeria offers such such course MR A can only send his ward outside nigeria to study such course ...
Aeronautic engineers are used to create and maintain aeroplanes ..
Mr B has to study outside nigeria but his DAD his a civil servant lvl 15 eaernin 280 k before devaluation . Now the naira has reduced in value how does MR B study his preferred course which will help the nigerian economy and help reduce reliance on foregein trained experts in this field ...

adaweezy:
How many private schools offer medicine, med rehab, material science , history, Adult education or higher qualifications , or MSCs and PHDs?

snakie86:
Am still on the topic and never deviate cos they are all go in d same way. How will government reduce taxes to zero when oil prices is falling? Remember we have been running on deficit budget even when oil was selling 4 $110pb and revenue generation tru tax levies.

Now, oil price is declining which will definitely be shortfall in revenue generated from oil proceed. The other aspect of fiscal policy is efficient tax collection to finance the budget..........its a simple logic. Instead of your proposal to reduce tax to zero, tax will be increase to finance budget

adaweezy:
Students wanting to study abroad
Should they get education in nigeria when the tetiary institutes are not enough

KevinBrown:
This is exactly what we are fighting against. Other than hi-techs, there is virtually nothing we can't source for locally. Why wasting money on imports?

What are we looking for?

Is it clothes? Go to aba

Is it computer/internet equipments? Zinox produces such.

Is it cars? Innoson produces such

Is it Education? Covenant University is a standard university.

Etc...


I don't know why many of you are not seeing it, but this is good. If imported goods become too expensive, then there will be demand for substitutes. It will help to create more jobs.

And those that are clamoring for higher valued currency, believe me you are just subsidizing the extravagance lifestyle of the rich, at your own expense.

adaweezy:
Are we producing ??
Stop justifying mediocrity
Now to seek quality education abroad is difficult for parents earning in naira to sponsor their wards ...
I don't know why we are so retrogressive

snakie86:
Taxes and levies in what form? Reduction i guess........


If thatz ur solution of government easing the negative effect of falling naira on manufacturing company then i guess to say u dont really know much abt whats happening.......

Do u know we av been running on deficit budget for like how many years now and the deficit for last year was over one trillion naira and a debt service of over N712billion

We have been having cummulative increase deficit budget over the past five years and 2015 debt service is projected to be almost N1trillion (interest payment alone and not principal repayment)....all this have been happening despite boom in oil prices over these years.

The question is now, what will happen with decline in oil revenue? How will govt generate revenue to finance budget?DEFINITELY IT WILL BE INCREASE IN TAXES BOTH INDIVIDUAL AND CORPORATE.
Hope u heard when the coordinating minister of the economy said there will be increase in taxes for luxurious goods this year. The same way i forsee an increase in value added tax to 10% after election.

Continuos devaluation will affect evry aspect of the economy and lead to hardship majorly because we 80% import dependent without commensurate export.
U sighted garri as example, which ideally d price shouldnt increase bt u fail to factor in factors of production which also determines the final price of local commodities.
Someone also sighted Aba product which are locally made but forget to add that the leather used in producing Aba shoes are imported into the country, the cotton used to produced cloth are also imported into d country. Raw materials are imported into Aba to produce all these locally made Aba goods. This means that exchange rate will also determine d price of locally produced Aba products.

To the investors which bottom line is to make profit, they are faced with challenges of lack of infrastructures like electricity which gulp averagely of N1.5billion annualy, multiple taxation (u can googke how much mtn nigeria paid as tax and regulatory fee last financial year),falling naira dat will affect cost of production which will increase price of final products. To cut cost, they available option is to laid off staff or close down some business aspect.

I dont engage in partisan politics, i say things with the way i feel it affect common man on the street.........Things cannot continue like this sincerely (those who knows the true working of the economy will attest to this) but is APC the way forward? Thats what am seriously thinking about and undecided

sodiqrasaq:


May your eye be opened to truth before its too late....

you better say Amen

sodiqrasaq:
SMH

GEJ is a disgrace to PHD holder's and Nigeria


see the look he is giving the Journalist and he responded cluelessly, is he trying to intimidate the Guy.


Some part where even cut off, maybe Okupe wan interfere, wan help him oga



#IHAVEDECIDED

#GMB15

Babalegba:
I see your point you treacherous betrayer of Nigerians and killer of the Nigerian dream. If you impoverish the masses badly enough so that they can only afford garri and local vegetables then they will be oblivious of the free falling naira but if I may ask will the clueless leader from otuoke also stick to garri and local vegetables.

giantstrides:
So what is the problem of most Nigerians, food?

snakie86:
Which tools do they have?

can you please educate me more on that?

Babalegba:
I disagree with the fist part of your post. Imported foodstuffs has gone up in price and I was at computer village just last week to buy a soundcard and was told that prices are going up because it cost them more to stock the goods now. My menswear supplier also told me to be prepared to pay more for my next batch because he will be buying them abroad at the new rates. You guys are making the mistake of thinking that economic negativities kicks in immediately, it doesn't. Being a social science the realitities only become apparent over time.

ShineuEye:
Can we see pictures of the magnificient hospital Buhari built in his home town?
If thats too much can we see the schools he built in his home town?

Edited:Can we see any thingBuhari did for his home town?