₦airaland Forum

So he has not been arrested?

See him talking rubbish.

Salewa97:
The new tax policy would be beneficial in the long run

Time will tell. Nobody lives in the long run, including the government. Any small shock can distort or strengthen long run benefit.

Anither563:
Great analysis. Thank you for sharing.

Thank you for your feedback

By January 2026, the new tax law will take effect, and Nigerians will once again grapple with the burden of higher taxes.
Let me be clear from the outset: there is nothing inherently wrong with government levying taxes. Governments require revenue to fund budgets, and budgets are not mere routine documents-they are actionable plans that require financing to be executed. Funding can come through taxes, borrowing, or other revenue sources. Ideally, government revenue is used to finance both recurrent expenditure (such as salaries and debt servicing) and capital expenditure (such as infrastructure development).

In theory, therefore, the purpose of taxation is straightforward: to increase government revenue in order to fund projects and improve public welfare.

Interestingly, the current tax structure is designed to be progressive. It assumes that lower-income earners should pay less tax, while higher-income earners contribute a larger proportion of their income. In simple terms, the richer you are, the higher the fraction of your income that goes to taxes.
However, there are critical concerns that must be addressed.

First, can people truly be exempt from paying taxes?

Under the new tax structure, certain categories of low-income earners are exempted from personal income tax, while small businesses with annual turnover below ₦250 million are also exempt. Individuals earning ₦800,000 and below annually are no longer required to pay personal income tax.

In absolute terms, the answer is yes- you can be exempted from paying a direct naira value as tax. That is, no specific amount is deducted from your income and remitted to the government. However, in real economic terms, the answer is no. Everyone still pays taxes, whether directly or indirectly.\

By January 2026, corporations will begin to incorporate the new tax regime into their pricing policies. Every good or service consumed will carry an element of the expanded tax base, reflected in higher prices or reduced quality. For small and medium-sized enterprises celebrating their exemption, this reality should raise concern. Most of their inputs are sourced from larger, heavily taxed corporations. Naturally, these corporations will pass on the tax burden through increased prices. In effect, SMEs and low-income earners will still bear the tax burden indirectly, defeating the very purpose of tax exemptions.

The second major concern is whether it is appropriate to raise taxes in a depressed economy.
This question is normative and depends on government policy objectives, but it deserves careful examination.
Taxes have two major effects. For individuals, taxation reduces disposable income- the amount left to spend or save. For salaried workers, taxes are deducted at source, immediately lowering spending capacity. Reduced spending translates into lower sales for businesses and, ultimately, reduced profits. Lower profits limit future expansion, discourage investment, and weaken job creation. This leads to higher unemployment and slower economic growth.

While businesses can theoretically borrow to expand, borrowing is neither cheap nor easily accessible. More importantly, businesses expand only when demand exists. In a low-demand environment, borrowing to expand makes little economic sense.
Nigeria, with an estimated population of over 230 million people, should in theory represent a massive domestic market. However, population size does not automatically translate into purchasing power. Consumer spending is the engine of economic activity, and inflation coupled with stagnant income growth has severely weakened purchasing power across the country.

The middle-income earners- estimated at about 10 to 15 million people- are particularly important. This group drives demand for basic goods and services, saves significantly, provides funds for lending, and has the capacity to invest through accumulated savings. Taxing this group at a rate as high as 21% significantly reduces their ability to consume, save, and invest. This creates a vicious cycle of weak demand, low investment, and sluggish growth.

Under the new tax system, purchasing power will weaken further. As consumer demand declines, businesses suffer, investment slows, and economic growth weakens.

Historically, tax increases are unpopular fiscal measures- even in developed economies. The United Kingdom, for example, is currently debating whether to raise or maintain its existing tax base. However, citizens in advanced economies generally do not struggle with basic amenities and can devote a larger share of income to consumption.
Can the same be said of Nigeria?

Rather than addressing structural macroeconomic issues, government after government has resorted to taxing an already impoverished population. There is a persistent tendency to copy and paste fiscal frameworks from advanced economies without first examining whether the underlying economic fundamentals are comparable.
Every economy is unique, and growth drivers are often heterogeneous.
Why replicate tax systems designed for infrastructure-rich, welfare-driven, consumption-heavy economies without first fixing Nigeria’s foundational issues?

The smarter approach is not to raise taxes but to cut wasteful government expenditure. Reducing frivolous spending would lower budget deficits and free up resources for meaningful development.

With reckless borrowing becoming less fashionable, the government now appears to be shifting the burden onto citizens and businesses already battered by poor economic performance-both under the current administration and its predecessor.
Whether the new tax system succeeds in raising government revenue is no longer the core issue. The real question is what becomes of Nigerians after the full implementation of this tax regime.
Until then, we watch and see.

Chamber2

favor914:
I want to believe he meant relocating abroad.

Sure i know,

Even Tinubu once lived abroad

Made his money and returned home to dominate

He is still travelling though...

The point is, relocating abroad isnt a bad decision even if you save 1m per month.

A friend's brother left 9ja about 10 years ago. He was doing relatively ok in his business before relocating.

He got into the health sector in the US. Today, his money na water. I am not sure he could have made such money if he was living in Nigeria without involving in some illegal shit. He has liberated his family for life out of poverty. The mum and dad visit the US as they wish.

Just have a strategy and defined plan.

Even your president travelled and still travels abroad

What is 500k? 6M per annum? What can 6m per annum achieve in Nigeria of today?

If it was during the Jonathan/Yarudua era then it would make sense to stay.

even with 500k savings per month you wont still be able to afford travelling abroad in the next 3 or 4 years.

The world is too big to contain all of us. Travelling is part of life.

Dont confine yourself in one space when you can explore and dominate.

Indians, Chinese, Pakistan etc are all over the world dominating.

Dont be deceived.

Travelling abroad is good if you have a purpose and strategy.

The naira is highly depreciated and a little savings abroad can mean alot of money in Nigeria.

Saladdin:
THE and QS rankings are highly subjective and can be gamed. Yes, all those universities and good and reputable, but the rankings system has a lot of failings.

It is an open secret that on the international scale, these rankings are usually in favour of English-speaking universities as against non-English speaking ones.

How was THE or QS able to effectively quantify the worth and position of a university, say in Vietnam as against the one in Australia? Do they know the mind-blowing findings and research undertaking in some of these "nameless universities"? Wha they lack is "noise-making" and "visibility".

In another instance if the same metrics is used to rank a purely traditional university vs an open university there will be huge bias in favour of the former. So the question remains, how were non-traditional universities (Military, Open, Online etc) ranked, or don't they matter in the whole ranking system?

For prospective students, take these rankings as references. It does not fully define the worth of any institution and make your own independent choice abeg.

Many of us went to both "nameless" and "reputable" institutions, yet we know what's up.

I think the rankings are a bit balanced, reflecting the strength of those institutions. It is amazing to see most Chinese universities featuring prominently amongst the top 1% global universities.

The rankings provide relatively good yardstick to measure the quality of research etc going on in various universities. Not all Universities are research driven, some focus mainly on teaching and employability skills-hence the low ranking.

If you're presented with an option to choose between a lowly and a highly ranked university which will you choose? Prestige often drives perception and perception could lead to acceptability.

So the rankings matter and but not a measure of individual success.

chillandflix:
unfortunately there are no skip options, would have gone passed that stage ,thats where its soo confusing bruh

See the " back" option.

Go back

FactBoyz:
What time did the email come in?
Congratulations to your brother

He said around 5pm

Visa approved for my bro.

TB test on 28th August 2025

Biometrics on 29th August, Abuja

Visa success mail today August 8, 2025

Just one week

Standard application

Wishing others success 🙌

Different stories for different people.

Don't join the bandwagon

20m is nothing in Nigeria of today.

That's less than 10k pounds.

If you're focused in abroad you will succeed. Most people I know abroad do remote jobs.

Some do upto 3 remote jobs and make almost 4k pounds monthly.

If you have never handled money before you may think 20m is a lot of money.

All that is required is a good travel strategy. It may not be easy at the start but eventually you will settle in.

Inflation is about 22%.

Risk free investment is about 15-18%.

Your return is still eroded by Inflation and economic uncertainty.

If you can take the bold step and work through the system good for you.

Don't let people's experiences determine your long-term objective.

If a stable economy is bad as they say how much more an unstable one?

,Anywhere to do TB test in PH?

My little bro is in the east and wants to travel to Abj for the test.

Any TB test hospital in PH?

Hello,

Anywhere to do TB test in PH?

My little bro is in the east and wants to travel to Abj for the test.

Any TB test hospital in PH?

thesicilian:
Nothing good comes easy. You can't repair a country that has been battered for ages in just a few months.

Some of you lack common sense.

Who battered the country?

Has Tinubu not been in politics since the 1990s?

Why are people not targeting the top 10 UK schools?

The cost or not meeting the entry requirements?

Some of them offer scholarships too.

I'm just curious 🤔

codemaniacs:
You're very stupid for calling Nigeria a sh*thole..

Nigeria is the country that provided your dad with the funds and education to give you the life you have today without Nigeria you would never have the life you are living now

He could have made the money elsewhere too and brought it to Nigeria.

How did you know Nigeria provided the dad the funds?

Ahhhhh!!



Even this one we think say get sense.

I give us

now

lets go

waiting

going

Everything is working.

Price= N2.3M (slightly negotiable)

Location: Owerri

Call 07065889454

chukel:
kiss the gear goodbye. How ignorant can people be?

Wrong advise from the mechanic. I actually insisted on getting the recommended transmission fluid but he ended up convincing me that Mobil is a better alternative.

I will be draining the fluid tomorrow. I have placed an order for the recommended fluid.

What else can I do to salvage the situation?

jceesquare:
You mind posting pics?
I want to confirm something.

Pictures of the car oŕ gear?

KINGreignn:
The Gear oil you used was Mobil?
Yes or no?

Yes sir. Mobil

KINGreignn:
Scan and post codes here. By the way, what is the name of the gear oil you added and where is the car located?

I used Mobil.

The car is in owerri

Good morning,

My Kia optima 2012 have been skipping (slipping) gears for almost a month now. The car will just jump from D to 1 or 2, 4 , 3 etc. This happens especially when the car is moving slowly. On high speed the car moves relatively better.

I have taken the car to a mechanic but he couldn't fix it. He asked me to top up the gear oil. But this didn't still solve the problem.

I don't know what could be wrong 🤷

dele1727:



I think many of us don't understand a thing or just choose to be plain stupid.....

The Uk has what it calls the waiting list....7.6millon people in the England are waiting to see the doctor....
In Wales 70,000 people are waiting to see the doctor for the past 18 Months...

The other day...doctors talk about Gambia paying $4000 to doctors....but they won't tell you that the cost of studying medicine in the Gambia is $4800 per year....

What is the cost of studying medicine in the UK? £9,000 pounds per year... people will go to ife or Lag or last for #25,000 per year and be asking to be paid the same with those that go to school with $4,800 and £9,000

What is the cost of housing? Or electricity or health insurance? Or transportation?
The only thing cheap in the uk is food and that is rising as well...
And when we talk of Minimum wage... what is the difference between the politicians and the Civil servants ? What most of them take home is far greater than their salary

Their system is no longer working...they now need new breds of Slaves....

You may curse APC and PDP or APGA....

But never curse Nigeria....when you compare countries do it holistically

What a nonsensical statement.

Does cost of education determine wage? So, if I enjoy free education I'm expected to work for free?

Fact is, our doctors and other professionals are not properly renumerated and the work environment isn't conducive hence the desire to seek higher wage and condition elsewhere. Would you stop them because they said N25k at Ife?

Talking of civil servants , how many of them have the rare opportunity of making more money aside their regular pay? Stop generalising and focus on the main issues. People are poorly paid in Nigeria despite the rising cost of living.

No matter what happens, UK can never be as worst as Nigeria in almost all parameters. No need to compare the both and use it as basis to justify our collapsing system.

Money started coming and madam humbled...

Come for inspection let's discuss

Selling now!

Available