₦airaland Forum

They want more profit guaranteed before resuming business.

He can only come up with policies to encourage or discourage such but cannot stop or start businesses. He cannot provide them security nor provide them cheap & reliable power. That's the jib of the govt elected to the system and not the job of any single appointee.

If of all States Bayelsa is finding it difficult to implement 30k minimum wage, then there is fire in mountain.

nedekid:
Al Pacino was asked why he robs banks, guess his answer? That is where the money is!
You cannot give a whole country to a bunch of people with criminal background to run and expect good. You hand over the bank to Al Pacino for safe keeping. Lol

which movie is that?

The right move.

chloride6:
Don’t go to a polytechnic and start looking for a way to level up..

That is just daft ..

If you don’t like poly don’t go!

levels...lol

Nice move.

MissWords:
So what has the title done for us so far

a lot.

grandstar:
Many of you just condemn the IMF and World Bank without justification, calling it a Western conspiracy.

I very much doubt the World Bank said once subsidy is gone, the economy would bounce back to life. They know that a country like Nigeria within the extent it sank under Buhari would take between 2-3years before it finds it feet.

You here condemning the IMF for requesting for an increase in tax rates. Do you have solution to the huge budget deficitsthe country is tackling with? The government needs revenue to cover the gap. How will you cover the gap?

You think simply removing the petrol subsidy would eliminate the budget deficit? No, it does not and Tinubu did not go far enough as the subsidy is back. He needs to fully deregulate the price.

Oga, if your salary was cut from N500,000 to N200,000 and you have a family of 4 to take care. what will you do? I am sure you would be forced to make unpalatable cuts that your wife and children would not like. A country is no different.

What many of you fail to understand is that countries that go deeper than what the IMF and World Bank demand actually do best

To me, the way you forget to talk about leakages and wastages associated with what those budgets are used for is a pointer to your personal interest.
IMF will tell you to remove subsidies, but rightly ignore the aspect about local production that drives economy from foundation. That doesnt make them bad, it is 'we' who decide to play silly politics by avoiding the flaws within when demanding changes from the ruling party that's at fault here.
Increased taxation without structures that support productivity is tantamount to paying for survival on the part of the downtrodden of the society. A man who lives in a ghetto with no water, no good lights, bad roads, poor healthcare, rundown schools, and public amenities generally, who is already spending 60% of income to feed and can't afford good housing, nor clothes who is taxed further is merely paying for being a Nigeria and not paying for prospering within the country. Taxation is associated with increase at personal level. Even God when asking for tithes, asked for a fixed percentage of "increase" and not handouts or charity people are surviving on. Commonsense dictates that if the bulk of out budget is being funded with proceeds of resources(crude) and the level of accomplishment or compliance is too low that the problem of corruption causing it be fixed before attempting to pour in more money into a wasteful system that's also very leaky.
Taxation is a good idea that should be hanged somewhere for now and some foundational adjustments be made before thinking about such.

wittywriter:
Wittyness .

Dude, step up this your wittiness habit. It is too low.

Black market.

OLAADEGBU:
Meanwhile...

Nigerians Must Rise To Defend Palestinians – Shiites Members Again Protest In Abuja

Full Story

This is a follow up of this thread

The muslims being slaughtered in Zamfara are not important?

AchrafHakimi:
Aboki cowards.
I thought Muhammadu and Allahu Akbar told them to fight till death?

that's on flat earth and not the spherical one we are on.

Oyel money good o.

Reproduce and brainwash more souls, then start writing constitution to maintain status quo.

Nigeria is another Gaza/Lebanon vs Israel, but all sharing one fake nationality.

The trained lawyers should meet him for prayer let him pray for them and lay hands on them. Lol

The world is addicted to debt and not just Nigeria. What makes ours one of the worse is unproductive lifestyle and big-man-ism(showoff).

turmacs:
Another beheaded babies style propaganda loading, watch out.. Show us the bodies of the dead hostages, we want to see it. Just like you showed us pictures of burnt goats and called it "babies beheaded by hamas" and later came to apologise for the propaganda. liars and shameless land grabbers. Chosen Gay and Homosexual people.



Oga stop saying rubbish. Israel isn't controling their economy. Then how is Israel able to block food, electricity, and water supply to Gaza in less than 1 week?
You people keep believing nonsense. Brainwashed lots.

Hamas want to access Israel to destroy it. That's their only goal of living in harsh conditions next to is real. The resource used to build tunnels and get arms can turn Gaza into Paris and Riyah rolled in one.

Mumu-ric

Pure water sachet = N50.

Egg = N120.

GRA capital.

PoliteActivist:
They're fighting tiny, tiny Gaza

backed by Arab world Russia SA, north Africa and more.

motayoayinde:
Sensible Christians are in support of justice.
Some of them are on this thread.
They are the reason I won't respond IN FULL to your trash.

sensible indeed.
Earth is round and not flat. Tell your ignorant fellow.

victory36:
worked in which Asian countries? Sri Lanka that is a shadow of itself thanks to IMF? Singapore and south Korea both have a reason why they banned IMF help. Even china hates the IMF more than it hates the US. It's only poor desperate countries that find themselves duped by IMF who then introduce unclear policies to keep them licking the boots of the western corporate giants. No reasonable country goes to IMF for funds that's why chinese loans seem more attractive

Sri Lanka's woes were due to idiotic experiment and not IMF.

motayoayinde:
Allah will protect and give them victory.

Victory to Palestine Insha Allah

That's if the earth suddenly becomes flat as his prophet and book said. The earth remains round for now.

Angelfrost:
Bro, I'm always calm... Me and you no get problem.

My problem is with IMF...

Nigeria needs to massively increase internal production, and cut down importation, as a matter of urgency... Infact, it has to become a compulsory national project.

We import from the IMF main men and they cannot shoot themselves in the leg. It is up to us to use our initiative to boost production locally. Local production owned by Nigerians and not just FDI that will still lead to capital flight in few years time.

JuanDeDios:
I lived through Babangida's SAP and I saw what it did to me, my family and other families. I saw how it wiped out the middle class. So I'm against IMF loans and their conditionalities too (No, I don't have agree they failed everywhere, but that's for another day.). But the issue here is not loans - it's a specific IMF recommendation - increase taxes.

What IMF is saying is a good step we are not positioned or ready for. That makes it a bad advise.
Production/productivity precedes taxation. Tax is a cut if something donated towards appointed authority for use for the good of all. The level of that something is so low, people are largely surviving and taxing someone for survival is different from taxing them for prospering or remaining prosperous.

jacobs2015:
It's obvious the major sinister motive of all these western agencies is to impoverish, dehumaize and render Africans redundant, hopeless and helpless.

America's World Bank advised our govt to remove subsidy and like a magic, the economy would bounce back, knowing fully well that lack of funds was never due to subsidy payment, but just to make life harder for us.

Now the twin sister of World Bank is telling the FG again to increase taxation as if the consequence of subsidy removal was not enough, now encouraging the govt again to implement another hardship advice.

No international agency has the genuine progress of Africa at heart. All is smokescreen with stupid analysis to bamboozle us.

It is a little bit like teaching or relating a recipe by unveiling the ingredients one after the other has been purchased so the one being taught goes to the grocery store many times and is likely exhausted. A very subtly way of wearing us down so they can take over our affairs fully.

Angelfrost:
Who exactly do you intend to tax?!! What is their earning power?!! What is their current living standard?!!

Can you extract water from a stone?!

On what solid foundation do you want to extract taxes and raise revenue?!!

You don't put the cart before the horse.

You guys should learn to read and research before throwing theories about...! You have brains for that.

Thank you for this response.
The inability to provide electricity is down to corruption and never lack of funds to. I have researched what power projects across the world go for and realize we are being raped and ripped by these heartless people in power.
At 5000MW, Dangote and few other industrialists like BUA may soon generate more than Nigeria does if thy don't already do.

Taxation isnt a bad idea but how and where it is done mostly in our case.

Not many productive activities exists and so taxing people for just existing is likely to fail.
You tax me but can't protect me. Agberos and thugs can tax me further without any fear. Bandits can levy the food I eat and not be challenged. Police can do theirs do. Taxing the common man isn't the way out here. Leadership privilege and power has been used to corner all the commonwealth available from resources and they were mismanaged so taxes won't be any different.

Blake755:
Teachers rewards dey for heaven

...if they catch you, especially ASUU.

Salary is suppose to be reward for labour, in a situation where the final output of the labour is 1.5-2.5 decades away, it is always harder to get money out of those getting the service. The parents of those children don't get anything in return in the short term from the fees they pay so it is largely a one-way traffic until the child works and earns. Even that period between training and employment is being widened by lack of opportunities and dysfunctional system.
It is well.

iykofiias:
Despite a significant advantage in munitions and even numbers as a result of their mobilization, it’s worth noting Israel has already taken as many casualties as it did in the Six Day War.

civilian or military casualties?