₦airaland Forum

WORLD BANK must have seen my thread about LASU, Benin and Togo. Nice one.

Point of correction, many will be willing but not so many others will be willing to marry them.

Mariangeles:
Foods that have not been processed.

i doubt it. Pap made with Agric corn stands out from that made with Native(un-modified) one. I say that from experience.

Very wicked Wike.

Mariangeles:
Eat whole foods, and you will be filled.

What is whole foods?

Lol. Since 1992?

Okun-amo community. Sea-clay.

MoU to threaten forex hoarders. Awon wèré.

ppogba:
What are those imports sir. I want to learn.

OUR MAJOR IMPORTS
1 PMS — ₦9.18tn
2 Gas oil — ₦3.22tn
3 Wheat — ₦1.23tn
4 Butanes — ₦0.6tn
5 Sugar Cane — ₦581.36bn
6 Used Vehicles — ₦284.46bn
7 Kerosene — ₦250.2bn
8 Motorcycles — ₦245.01bn
9 Machines — ₦242.73bn
10 Other medicaments — ₦227.9bn

6 can be locally sourced.

isan:
How do we know they're not investigating?

Do they also investigate if DSS issues a statement that a planned protest against bad governance has been hijacked or they act?

Be following good of the land like mumu there.

Instead of blaming speculators, let the airconditioned offices addicted govt replace our top imports with local alternatives to crash demand for, and thus, prices of forex.
From our top 10 imports, six are replacable in 24 months if the govt is serious.

OUR MAJOR IMPORTS
1 PMS — ₦9.18tn
2 Gas oil — ₦3.22tn
3 Wheat — ₦1.23tn
4 Butanes — ₦0.6tn
5 Sugar Cane — ₦581.36bn
6 Used Vehicles — ₦284.46bn
7 Kerosene — ₦250.2bn
8 Motorcycles — ₦245.01bn
9 Machines — ₦242.73bn
10 Other medicaments — ₦227.9bn

wonder233:
You're posting how much you got to tell everyone the money is small? That an "injustice" was done to you? When you were granted admission, was it with a signed agreement that you will be given a reward for graduating? Nigerians should do away with this silly entitlement mentality. Education is to equip you with the skills to contribute to society. For us here, it is the needless acquisition of paper certificates for the sole purpose of bragging. That is why there are certificates everywhere, but little skill.
Even when you mention skill, someone will start talking of "certification" for the skill. And will pursue getting that instead of the actual skill.

if people with big bumbum they didnt labour for get rewarded with a hundred million in reality shows, why should someone who laboured for his knowledge be given N5,000? Is that pen and keyholder money or what?

isan:
Maybe because lasu is a Nigerian institution and FG can investigate it themselves, they can't do that in a foreign country

What is holding them from investigating such a sensitive issue the DSS is involved in?


.

Clowns. One loan after the other, at the end, managers of the loans are billionaires then the loans becomes another burden that cannot be repaid. I wonder why they need $2.2B for agro processing. Is it equipment or power they are buying with those?

$200m is enough if the govt is serious. They are just using agro processing as a farcade to take another loan that will be wasted on highways, flyovers, airports and salary to unproductive idlers.

She tried.

Ebenezer2021:
what's ogwuego?

money soup. It is cooked with money.

EmperorCaesar:
What school did you graduate from, bro?

Your Alma Mater is the same reason you have this very perspective about Nigerian scientists

Its not that bad everywhere

I know your inability to think independently will push you to attribute my "perspective" to where your thick upper level thinks i have been or not been to.
Can you kindly prove me wrong by providing us an invention by a Nigerian based scientist that contradicts my claim?

fuckJones:
I need a god fearing sugar daddy that work with federal government of naija, economy is so hard, I can't do this alone

What about a Garri mummy?

The issue is how come they dont do same for criminals? I am sure if those scientists were based in Nigeria, they will be battling with PHD thesis or Bread/Pure Water/Soap making factories.

It cannot be more than this their OgwuEgo matter if investigated deep enough.

Mega AI security contract loading....

The bane of Nigerian policy makers. They quickly rationalize any little to be as a result of their actions irrespective of reality. I wonder why it took them over a year to launch EFEM if it can save the naira. Clowns.

Are they also blending Maltina and Guiness to get Malta Guiness now?

MadamExcellency:
Who wrote this rubbish calling an unelected bureaucrat the final arbiter?

“The Constitution designates RMAFC as the final authority on matters of revenue allocation,” the memorandum stated.

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) principal officers should be suspended by the president with immediate effect.

Imagine unelected appointees taking over policy directives and the mandate of elected executive government.

They think with their intestine and not their brains in that north. Consumption tax doesnt mean it cant be collected from point of production in addition to the error you pointed out. Most of those appointees are not fit to lead association of rat-poison sellers in a village market.

Frigga13:
They will soon sack him and replace with Yoruba man… while Igbos keep shouting southern unity

I support his sack for not knowing how consumption tax is managed or its purpose. If it is for the consumer, who collects the tax for goods consumed beyond the shores of Nigeria?
How is the value-addition location rewarded for their efforts to poach investors, lost their land, culture, and values to foreigners? How do they get rewarded for production related expenses like order maintaining task forces(LAWMA and the likes), power, security, and infrastructure?

Everything is not about tribe and ethnicity bro. Logic should prevail atimes and here is one of such case. Even the money the Kano people are using to buy the final goods comes largely from the south so giving them a cut of what they spend is just rewarding them for buying local goods and not a sensible move. If they decide to ditch local goods not produced by their states, can they transport it through lagos by road and lagos will not toll them or can they provide the Forex?

The RMAFC man is obviously an ignoramus or tribal legend at best, parading as in intellectual. That it is called a consumption tax doesn't mean it is meant to serve the consumer or go to the consumer directly in anyway. It can still be collected at value addition location and reshared in Abuja, which is what Tinubu has done here. Let the ignoramus tell us who collects the VAT for good consumed outside Nigeria but within ECOWAS if the tax is for the consumer as they assume here.

It is a tax that should compensate whoever shoulders the burden of production or value-addition. It will be harsh to allow Lagos poach investors, create enabling environment, lost their land, culture, values to foreigners, suffer environmental degradation, provide supporting infrastructure like road, power, security and more, then you treat them equal with where the good are consumed because the textbook says VAT is a consumption (based) tax. It is collected from the consumer for consuming the value added unto the raw input but never meant for the consumer or her location.

It is like saying tolls collected in Kano for a road should go to Lagos or Rivers because the final destination of some of the passengers include Lagos and Rivers. The road is a service and is provided by Kano so why reward the destination of the passenger? What about passengers who end up in Ghana or Cameroon?

If we use this logic of the foolish and greedy RMAFC boss, states may be forced to collect it forcefully like that of a tolled road that serves interstate traffic and there will be chaos and rip offs because they will charge far higher than the flat rate FG is enforcing.

VAT is best managed centrally and redistributed to whoever is absorbing the impact of the value-addition within the value-addition chain accordingly. If nigeria must grow to become a hub where thing are manufactured and sold all over west Africa, this bill is good for rewarding value-adding states.

This section is almost dead on Nairaland.

DSS goes to LASU and do undercover investigation into degree racketeering. They discovered that LASU gives certificate for as low as N2m in six days. They also give good CGPA for a slighly higher price and dont hold back 2:1(second class upper).

A journalist goes to Benin and does almost the same thing in six months (24 weeks).

The FG punishes Togo and Benin schools by sacking people with degrees from their schools but turns a blind eye for LASU. That of LASU is weightier because it was exposed by DSS and not a just a private mediahouse employee, though with hard evidence.

Why the double standard?

Link to thread about LASU burst by DSS

Link to thread about sack of workers with Togo and Benin Degrees

Nlfpmod, Mynd44, Fergie01, Fynestboi, Richiez, olawalebabs, please let the govt get the message.

Jasix:
"I'm for effective policies and governance"

I like your Signature. Pls bless me with four-kay. Hardship is too much 🙏

Instead of me, meet the Abia govt you just supported for wasting money on a project. They can even give you four-emm(4m) instead of four-kay(4k).

Shawarmagirl:
Abia is the only state in South East yet to have airport. If all the states in Nigeria have airports, will heaven fall? No!

Status mentality. Your neighbour is bankrupt because he bought a car he cannot fuel and people arent willing to rent. You foolishly took your own loan to support your lean salary to buy same car for the sake of status. Are you okay upstairs?

Why didnt FG sack LASU graduates too along with Togo and Benin grads? They award theirs in 6 days and not six months.