₦airaland Forum

nedu666:
I don't blame them. Like seriously a country of 200 million people generated a net sales of $50 million dollars. As in that is the height of poverty. Nigerians purchasing power has taken a serious hit

That's 50 billion naira.

If $1 was equal to 30 naira they won't be complaining.

You're wrong it's not the purchasing power that has taken serious hit it's the naira's exchange rate that has taken a massive hit.

TobiAbuja:
Eating smelly food in train is bad etiquette in UK, just fyi. But looks like you had a great time.

Every food has a smell.

Calling Nigerian food smelly means you're suffering from self-hatred and inferiority complex.

cococandy:
Even people in food surplus countries show off their food on social media. In fact some make careers out of sharing their food on the internet.

Why do some people get offended over nothing?

He is not offended.

He is hateful and filled with hatred.

There is food in Nigeria.

[quote author= post=127332753]Your point being?
What has he said wrong?[/quote]

Lukepeter:
Lol, e reach like that?

It's a click bait title making it seem like a cheating spouse.

Companies are meant to have people that can do the job another person does which is why people are allowed to go on leave.

AfriNotesNEWS:
There are places where you are never replaceable, one such place is within your family system. So Learn to give your family all the best you can, and never be unavailable for your family

This remind me of a friend. who told me how a co-worker in their company died 2 days ago, just within 2 days, the company HR was busy cleaning out her office & had already employed and reposted another person in her position.

Yes is right cos businesses have to continue in absent of the living, so the dead were replaced in less than 48 hours

This person has given her all for this company, but her office position was replaced within just 2 days, while her home/family grief

Meanwhile, her family is still grieving the loss, she was a young wife and mother of two. NOW ASK ME HOW IS THE FAMILY GOING TO REPLACE HER

This is a reminder that you and I are much replaceable in other places, as well as other people's lives but not replaceable within our family system

So as we live, may we live in full to give our beloved family the best of ours. May God bless you all in this new month of December 2023, May God Bless us all

May we live healthy/wealthy to see the next and prosperous new year comes 2024 and in all, may we be available for our family


By Mbonu Watson C,.. Happy December to all NairaLanders once more

You have a mental problem.

SoNature:
This one no even sabi speak English and na graduate. If you can't learn something as basic as a language, what else can someone typically learn in the university?

stephenponti:
A very local champion. And to think millions are his fans tells a lot about people grass mentality. Ordinary English he struggles to speak.

English is not his native language so fluency in English is not important.

He is fluent in his native language so abusing him for not been fluent in English makes you guys f**lish.

yewit37486:
My point to adecz is that the issue was common across Nigeria and not specific to south south as he initially stated. Every one knows the colonial history of our nation.

It is specific to the South South, North and some South East states.

at least the SW knows people with english, portuguese surnames are descendants of slaves from brazil..

while the SS, SE and North no one forced them to use ch:ristian, a:rabic and english names that are or sound abusive..

Names like boniface, horsefall are bad names..

adecz:
The British didn't have any significant
colony in South America apart from a
few insignificant island Holdings.

The major colonial powers in the region
were the Portuguese and Spaniards, so
your postulation is mere a work of fiction.

the U:S:A used to be a british colony so you're wrong, the major colonial power in that was the british.. Spain and Portugal were only there because they were the sponsors of Colombus journey to the American continent.

or are you saying the U:S:A is an insignificant island holding

adecz:
As I said, those Lagos family names
indicate slave lineage.

Some of their ancestors were taken into
slavery either in Brazil or the Caribbean and
lost their original native names & later
came back to their roots with their new
names after slave trade was abolished.
Having been raised in better civilization
& also educated, they came back as elitist
blacks and built new reputations .

what you should tell yewit37486 is that their ancestors were black people from south America who the british wanted to use to replace indigenous Yoruba people.

so when their ancestors arrived in Lagos island were the british were based they were given Yoruba first names and the most prestigious and good jobs and were made elitist by the british to deceive Yorubas into subjugation but Yorubas didn't fall for them.

same way they claim and lied that Ajayi Crowther is a returned slave..

Acidosis:
You are already running tribal as usual. Who told you I'm not from one of the major tribes I described? Who are my "own people?" Set awon radical racists.

I'm not complaining o. I'm only beating mentally d.eranged ronu bandits at their own game.

My name is Jonathan Goodluck. Oya do your worst and insult my tribe using your imagination. I love it when I leave ronu bandits cracking their coconut heads, trying to figure my tribe.

You are one of those paid online keyboard warriors that are paid to hypnotize and deceive Yoruba people into been neutral and anti-yoruba and have hatred for their fellow yorubas..

the more you try then the more Yorubas will become pro-Yoruba.

Acidosis:
You want them to bear Ayo, Chinedu, and Adamu so you can use tribalism to finish their destiny?

If I have my way, I will avoid all native names from Nigeria's major tribes (Yoruba, Igbo, and Hausa).

A Mark John is more likely to get a University admission from any Southwestern University than a Chinedu. A Jenifer Confidence is also more likely to get a job in Igboland than a Nurudeen Ayoola.

Y'all pathetic decendants of racists and losers will preach one thing and do another.

angelfrost is right "you shamefully and cowardly despise your true identity out of fear of your own fellow citizens??!"

Why should Ayoola be more likely to get a job in Igboland than Chinedu, the only way that happens is if the owner of the company
in igboland is Yoruba..

It is not the fault of Yorubas and Igbos that they have more successful people who own companies than your own people.

In case you have not taken notice. Business Owners all over the world mainly hire people from their tribe or people they share the same ethnicity with.. so Ayoola will always get job ahead of Chinedu as long as the company is owned by a Yoruba person or the government agency is in the SW.

some years ago I was going through in:st:a:gr:am pics of companies and I noticed most of the employees were whyte and if there was a person or people with melanin skin then that person would be an Indian not African American or even African.

so I came to a very important conclusion that changed my perspective and that is "the more companies people of certain ethnicities own the more successful people that ethnicity will have." because most of the employees will have the same ethnicity as the owner because its a way of empowering your own people.

it is only in Africa and among black people that tribes with small populations are under-developed while outside Africa the european tribes with small populations are living comfortable and developed life.

Stop complaining.

humility33:
It is so painful that this generation of Nigeria talents will not achieve or win any continental trophy because of NFF and Sport Ministry
So painful.
Now I understand why some people advise all this foreign born players to play for their birth country.

Rarely will you find a politician or a government official that truly loves this country and will make sacrifices to make it great.
From the president down to the clerk in government house and NFF inclusive none truly care for this country

you're just realising this

Nigeria is not a country it is a geographical location and company created by eu:ropeans ( the br:itish )..

from the previous to current presidents to the senators all of them work for the br:its and are highly paid slaves who are to ensure the citizens of Nigeria live in poverty and mediocrity..

they dare not challenge their slave-masters by trying to improve the lives of the citizens and even if they try the World Slavery Bank and International Slavery Fund will claim Nigeria's population is now 500m people and will negatively adjust the exchange rate of the country making the naira fall against other currencies which will affect the economy despite all the people ter:rorists have killed, malaria have killed, cancer has killed, sickle cell has killed, old age has killed and other diseases have killed people but they always claim Nigeria's population is increasing...

Elsueno:
To be honest, I still don't think we are even up to 150 million in this country...So many things just doesn't make sense with that 200 mil stuff

Nigeria is not up to 60 million... the world slavery bank and international slavery fund are inflating the figure to make Nigeria's currency weak and keep Nigerians in bondage.

nairalanda1:
Which were the result of attempting to solve issues that came from the whole first republic imbroglio, and then no matter what, Nzeogwu is to be ultimately blamed.



Which is an excuse by the way.

We are weak because we don't want to do the things like improve our tax regime, fight corruption and work hard to becoming a manufacturer of goods and servicies.

(Malaysia and Indonesia too are former colonies. Better than us, though not the best, because they did the hard work. China was once worse than Senegal).

The thing is, independence was sold on the idea that there would be more money for the black majority. Problem was, it was a lie. But the thing is doing the hard work china did and even many european countries did to get industrial was going to mean more suffering...so the alternative was mass 'socialist' welfare projects...which led to us getting into debt because trying to help too many people on limited money is a nice way of going broke.

Not jsut Nigeria...Venezuela and Argentina have the same issues.



Not true.

We don't have a refinery because since 1973, we have sold oil at a loss...and that means no profit...which promotes corruption, sabotage and stealing in the refineries, because free government money was still coming in whether the refineries worked or not.

Foreign investors would have loved it if Nigeria was not subsidising fuel at all...infact one of our early refineries was built with help from Shell. Back then we did not subsidise fuel.

Niger republic our neighbour has a working refinery as does chad. Both built with foreign investment from China, because in both countires, they sell fuel above the market price, and thus a profit is made, attracting investors.

No investor is going to come and build a refinery in Nigeria. Refine fuel above N900 AND sell it at N700 and below? Right.


Venezuela has been selling fuel for N40 for decades. In that time they lost refining capacity drastically. And the process started before their goverment became anti-American so don't blame them for that.

there was nothing to solve from the 1st republic. Ironsi, Azikiwe, Ojukwu and Nzeogwu were both corrupt and did not have any form of inteligence.

In the mid 1900s, Nigeria naira was between 1.25 to 3.25 naira to $1. it has nothing to do with improving tax regime. right now, Nigeria's budget is N33trillion so imagine if the currency was still the way it was in the mid 1900s that N33trillion budget will be equal to $33trillion.

Nigeria does not have a working refinery because Nigeria is led by "house n*ggas" and eu:ropean puppets and slaves.
Nigeria makes over $80billion from selling raw crude oil and can make over $150billion from selling refined crude oil.
a black majority country making over $150b is an abomination to whyte people who control world economics.

nairalanda1:
Even then, old chaps, the 120bn is not enough for a country our size....which is what I have been trying to tell you guys on this site...APC, PDP, NNPP, LP, ETC supporters.

The fact is, Nigeria even at 120bn naira is still a poor broke oil nation. We should be, and this is why I consider most Nigerian leaders (Ironsi and Murtala were not in power long enough) to be awful. We should be earning something like 4 trillion DOLLARS at least, 10 trillion DOLALRS at most.

We got a lot of natural resources, a large GDP that is undertaxed, and a large industrial potential. We don't use it, instead we fritter around oil and pretend as if it is enough. It isn't. We can't even be like UAE or Saudi because our large population means that we got a poor revenue to gdp ratio

Then the corruption makes it damm worse. Really worse.

Even the budget APC called out today, 22 trillion. Our debt meanwhile is 50 trillion naira. Debt servicing is taking away 8 trillion of the budget this year, and the debt is still growing. States too all owe money. And we pretend we got enough money. .

That is the purpose of my economic comments on this site...to tell Nigerians that we have been doing things wrong for years, and we need to do what the big boys are doing...fighting corruption, paying more in tax, diversifying the economy, and earning more by exporting manufactured goods and servicies. That's what we got to do. And if we remove subsides on power and petrol (Tinubu has not removed subsides on petrol, despite what he and his supporters say).....we free up the sectors to power the possible industrial revolution.

The thing is, whether 33 bn or 120 billion, we are still broke. Call me when we have 4 trillion dollars at least (not naira), and an exporting industrial economy,and jailing people for steraling money that is when we are serious.

Ironsi was in power long enough to cause 100year plus problems.

Nigeria and other black African countries can never make up to $4trillion dollars because of weak currencies and anti-Nigerian deals signed with colonial thieves..

Nigeria does not own a working refinery because that means the foreign refineries Nigeria patronizes will lose billions of $$ in revenue

casualobserver:
Like I said you are ignorant and uninformed.

Who owns the $2b gained from tourism in your example? Is it the government that owns the hotels, the restaurants, the beaches the taxis they use? So if you do not tax the people that make money from tourists how does this $2b in tourism income translate to govt revenues besides visa fees?


As for your second paragraph, you are again displaying your ignorance. That $10m is my money not the government’s. Like I said the only thing the government can do is to mandate that I repatriate the money at the official exchange rate and that I keep the money in a domicialry account. It is not their money. At the end of the year I will file my accounts and I will pay taxes to the government IN NAIRA! NONE OF THAT $10m belongs to or goes to the government. . All I do is add to the supply of forex in the country but it is not governments money!!! It means that because I have brought back $10m to the country, when you need forex there is more forex in the system and the price comes down. Nothing to do with government revenues. The government does not see 1cent of the $10m.

We are talking about government revenues here not the economy. Like I said earlier do not comment on matters you do not understand.

tourists pay VAT on products they buy, In some countries the govt also owns or has stake in hotels, restaurants and beaches.

In Nigeria, the government owns schools, universities, hospitals, parks e.t.c.. when you patronize a government facility it is government you're paying.

you are displaying ignorance.. $10m is not your money after deductions and fees have been collected by banks and the government. when you pay tax at the end of the year the government takes another percentage of the $10m.

If $10m reaches your account the banks will inform the government.

you're very ignorant...

tsdarkside:
its not only about votin the right president....

its about the system....
if you cant find somebody that will force the ol system to change then it will not matter who you vote....
things will remain the same....
for example....why is it that states that produce oyel can only keep 13%....??

shouldnt it be the other way around....??
its the federal goverment that should be gettin 13% and the oyel producin states keep the rest....
but try to suggest that and see how fight will start....

It used to be 50% before the 1966 coup. it was the coup plotters that abolished it.

casualobserver:
Please don’t quote me to make ignorant uninformed comments. Tourism doesn’t bring money to any government. Tourism, exports, etc are just like any other industry. It is taxes on activities, employees etc that brings revenue. The income generated by the industry goes to the operators. If you don’t tax them you make nothing from it no matter how many foreigners come or how many goods you export. If I export $10m worth of goods, it is my money not the government’s. The most the government can do is say I repatriate my foreign income at the official rate and put in in a dorm account. The money is not theirs!!! So how has my exporting $10m worth of good increased govt revenues? It is only when they tax me that they get revenue from my activities and even then, I will pay my taxes in Naira not in forex. The purpose of encouraging exports is to boost forex availability in the system, the money doesn’t belong to the government unless it is the government’s property that is being exported e.g oil or gas.

You are confusing forex with taxes…go and learn basic economics. Govt revenue is from taxes. Exchange rate is from demand and supply of forex. The only reason govt gets a lot of forex from Oil is because govt owns the oil. Will the government own the tourism or the export industries…so why will any forex generated belong to them? Forex inflows determine exchange rates, govt taxes determine govt revenues. Unless you are proposing that government owns businesses the tourism and export sectors,

Go and learn the difference between forex and government revenues or better still go and do a course in economics before commenting on matters above your pay grade.

you are the ignorant one.

If a country gets 2 million tourists per year and those tourists spend at least $1000 each that's over $2b just from tourism.

if you export $10m worth of goods before you export you'll pay fees and licenses to the Nigerian customs..

after you successfully export the goods and the buyer has received and now paid $10m the $10m and other revenues you make will the taxed by the government at the end of your company's financial year before that $10m reaches your account the banks would take own fee and percentage for processing the transaction.

nairalanda1:
Like I said, more taxes is one of the things we need.

Our oil money is not enough, man, even if we fight corruption adequately.

You are free to disagree with me, but if you think that 70% of the population not paying taxes is all right, okay. Na your choice. But we got to reduce our loan habits, and short term taxes is the way to go, long term, diversification, fighting corruption and becoming a manufacturer of goods and services and exporting them.

In my previous comment I used 50million people but 70% of 200m is 140m people.

so if 140m people pay tax of at least $20 that is still $2.8billion and won't boost the budget by $100billion.

so you're wrong that taxes is the solution.

kukutenla already quoted you with the right question..

that $33b budget is what they are showing to the public. the real budget will be over $120b.

Kukutenla:
But you have to first lie that Algeria produces more oil than we do. The question to ask is how nigeria has more GDP than all these countries if we are indeed poor and oil dependent.

nairalanda1:
Unfortunately it is, and your assertion that most countries do not earn money from taxes at all is wrong. (US, UK, many European countries, even Japan and China would disagree with you).

Plus, you mishear me. TAXES is one of several measures I propound on this thread, the others being fighting corruption , diversifying the economy and so forth. Ye should stop getting fixed on the tax bit of my message.

Plus, our oil revenue per year is just about 70 -90 billion dollars. We need something like trillions of dollars before we can talk.

And too bad APC hasn't done anything about it since 2015.

It is not taxes..

you cannot compare taxes of countries due to the strength of the currency of the countries..

No one knows if Nigeria is still paying colonial taxes to the british because that $33billion budget is obviously a scam when the same Nigeria has the highest GDP in Africa..

Princewill1:
Largest Economies In Africa 2023:

1. Nigeria
GDP- 477B dollar
Budget- 33B

2. Egypt
GDP- 475B
Budget- 97B

3. South Africa
GDP- 405B
Budget- 132B

4. Algeria
GDP- 195B
Budget- 98B

This is simply because Nigeria is collecting lesser taxes despite having bigger economy. And also unlike other countries, Nigeria runs a federal system of govt with components states having their own budgets.

nairalanda1:
Harsh truth

As the World Bank said in 2019, most Nigerians do not pay taxes to state and Federal govenrment

But because na world bank say am, people prefer to attack the messenger.

Meanwhile in the UK, they are so harsh on tax avoiders. Avoid paying TV licence for example, and you could get into trobule.

casualobserver:
1.Algeria doesn’t produce 4 times the oil we produce. They actually produce a lot less than us. Their official OPEC quota is half that of Nigeria.

2. Those figures for Nigeria are actually wrong because they are federal budget and don’t include states. If you include states it is more like $65b

3: It is not about diversified economy, Nigeria is actually a very diversified economy., it is about the fact that Nigerians do not pay the same levels of taxes as in these countries and we tend to generate most of govt revenue from oil royalties…though this is changing . Whereas other countries generate most of their monies from taxes.

taxes is not where other countries get money.. other countries get money from tourism, exporting of aeroplanes, cars, trucks, food, oil e.t.c just like Nigeria is already doing.

Nigerians are already paying more than enough taxes..

If 50million people are employed and the minimum wage is 80,000 naira and are each paying taxes of 20,000 naira to the government.

that's 20,000 naira ( $20 ) x 50million people is equal to $1billion and if you add $1billion to the current it does not really do much.

so this proves that taxing the people is not the solution to increasing Nigeria's budget.

Truth234:
Governments are not touts that go around looking for buildings under construction. It is the responsibility of builder to ensure his/her site is approved.

You're wrong.

It is the responsibility of the government to create regulatory agencies that monitor and regulate buildings under construction.

They are not called touts they are called regulatory agencies.

Deltamani:
Mary Earps has won the 2023 BBC Women’s Footballer of the Year award, beating out Friodlina Rolfö, Aitana Bonmatí, Alex Popp, & Sam Kerr 🧤🌟 https:///TsEDyj2GAR


She is a very goalkeeper but wining this ward ahead of Aitana Bonmati is crazy.

its not crazy..

the award is called "BBC" Women’s Footballer of the Year..

it is a bri:tish award.

Tzar:
Did you even read the links?

Keep deceiving yourself...

I will not use my own eyes to brainwash myself.

TheBillyonaire:
Actually, Edo and Delta are Niger Delta States. And Edo/Delta are those called Bini and they own Lagos historically. How can they align with SW when you are fighting them over their Eko?

No think am o. We go use oil money to wage thermonuclear war and disconnect your little urchins from Lagos and push you to Ilorin so the Fulanis can deal with you

There's nothing like Niger Delta.

Keep deceiving yourself.

Tzar:
Please educate yourself, instead of arguing in ignorance.

This was how Yorubas set up Benin monarchy / Benin Empire

https://www.nationalgeographic.org/encyclopedia/kingdom-benin/

https://en.m.wikipedia.org/wiki/Ife_Empire#:~:text=Benin%2C%20one%20such%20of%20the,1250.

This was how a faction of warring Aworis in Lagos invited the Oranmyan Royal House in Benin to help invade, prosecute a war and win .

https://www.edoworld.net/THE_BENIN_FACTOR_IN_THE_HISTORY_OF_LAGOS.html

https://onelagosfiesta.ng/history-of-lagos/#:~:text=Under%20the%20leadership%20of%20the,of%20Benin%20at%20the%20time.

I am not arguing in ignorance. You're the one deceiving yourself so I'm just watching you repeat yourself over and over again.

TheBillyonaire:
I am from Niger Delta. War will benefit us, cos we will cut off the pipelines and domesticate the oil companies and form alliances with America, France, EU etc.

You have proven that you are not smart.

You should beg me before I finish you here. You never hear my story for here.

Keep deceiving yourself.

There is oil in ondo while edo and Delta are sister states to the SW which means oil pipelines can never ever be cut off to the SW. Even at that SW will get oil from ondo and other countries.

Don't forget to keep deceiving yourself.

Tzar:
Correction:
the annexation of Lagos island by Binis predated the mass dumping of freed slaves in Lagos island. I just reconfirmed this. I can see your need to argue tho.
Please note that AWORIS were already in Lagos & Bini annexation of Lagos was a conquest not a newfoundland.
There was a dispute amongst the Yorubas in Lagos & a faction requested the help of Oranmiyan dynasty in Benin to help. This group won & this is how Benin colonized Lagos island for a few years. This annexation was later FULLY relinquished.
Until recently when the people of Benin started dissociating themselves from Yorubas, we fully counted them as part of our heritage.
Please note that until recently, ALL OBA OF BENIN heads MUST buried in ILE IFE when they die. I like the way Yorubas are not struggling to beg Benin people to remain with us.

https://education.nationalgeographic.org/resource/kingdom-benin/

You said ‘ Yorubas occupied everywhere including the island that is why the portuguese never stayed long because the Yoruba warriors who were in those places were fighting them and that is why the SW does not speak portuguese.’
WHEN DID SAY ISALE EKO WAS NEVER OCCUPIED BY YORUBAS?

https://guardian.ng/life/the-story-of-the-afro-cuban-heritage-in-lagos/amp



.

Binis can never annex anywhere in Yoruba land.

You have a right to Keep deceiving yourself.

Patriotsleague:
Everyone pays taxes including you, peasant

I am paying taxes to my people whom I am well pleased while you're paying taxes to people you hate.

TheBillyonaire:
That is what people say. Some people do not actually think I own much because I am like a monk. I dream and acquire and after aquiring, I move to the next goal. My Lekki assets is nothing compared to what I have at my own State. So, do I give a shit, I do not.

I am just telling you the truth. If there is war over Lagos, Lagos will be destroyed, but people like us will still have our amazing States.

So, just buy a piece of Lagos and stay quiet, Lagos is gone to those who buy. It is not a Yoruba state, if you can not control the economy.

I want your Governor to ensure the roads are good, so I can come and enjoy. Clean that place up, cos I do not like what is going on at Lekki now. I need good roads there.

If there is war in Lagos your amazing states will suffer because most of the breadwinners are working in Lagos and the war will affect your amazing states who depend on stipends from their Lagos breadwinners because most of the breadwinners will be killed and won't be able to access their bank accounts.

Keep deceiving yourself.