₦airaland Forum

fineboynl:
state should tax does consume by their state as well. Also if any product should sell in their state then they should have a distribution office. That way state can calculate and collect their tax

consumption is not value addition.

^^^ clown. What was it like 2, 3 years ago in dollar o and not devalued Naira o.

Is Kano consuming alcohol when they take VAT from alcohol? That formula is fair enough if we must grow. The north wants VAT shared by consumption but get VAT from what they do not consume presently. How does lagos get rewarded for absorbing the pollution that goes with value-addition(manufacturing)?

“As we know, 70% of consumption is not accruing to those three states. So, whatever way you look at it, apart from Lagos, Rivers, and FCT, every northern state would benefit. That is the Bill being presented.

Favourdays1:
Is Nigeria a country?
Charity should begin at home

Local marketers say it is too expensive but foreign ones are buying.

Clown.
What about Russians scattered across Europe?
He invaded to attend to ethnic Rus right? Let him build shelters for the ones spread out across Europe too.

Instead of all these sidestepping, confront corruption directly.
What is the total VAT from food, health and education to start with. We are talking of three heavily subsidized things so VAT is bound to be negated by the subsidy going in.

IbeOkehie:
EXPERIENCE...not speculation....experience shows that such a subsidy will be an incentive for corruption.

It's likely that subsidized electricity for industry will be CORRUPTLY diverted and sold to households for higher prices.

There's no subsidy that will work in Nigeria. Again not speculation, that's evident from DECADES of experience.

Good Luck to Nigeria.

Corruption can affect any policy. It is up to the authorities to dothe right thing and stamp it out.

Now we have removed subsidies because of corruption,are the leaders not stealing from where the saved funds were redirected to?
Was Lagos-Calabar highway award a fair and open process to you? What about state governors who havent done any tangible thing even with more than doubling of FAAC?
Corruption abounds in every area and it is up to the leaders to take a stand against it.

Lastly, subsidy will work if done well. If corruption cannot be tamed, it is better the country disintegrates until the units can stamp out corruption individually.

IbeOkehie:
That's a solution worthy of examination. Thanks for bringing it up. Such policy has been applied to inputs like ENERGY over the years.

Electricity is currently subsidized and has been subsidized for DECADES in Nigeria. It has led to a DECREASE AND SCARCITY of electricity.

Petrol and other refined fuels were subsidized. The result was chronic scarcity.

Cement is an important input to housing and other construction activity. It was subsidized for DECADES before President Obasanjo put an end to that in 2003 or so. Before 2003, cement was scarce in Nigeria.

So it's very clear that input subsidies don't work in Nigeria. Again, it's a worthy suggestion but EXPERIENCE shows it's counter-productive.

Thanks.

Good Luck to Nigeria.

Energy subsidy is largely towards consumption and luxury. That makes all the difference here.
A good instance of input subsidy will be towards something like coffee and cocoa farming. Even benneseed and other cash crops too. We dont consume them much but they can be easily exported for forex once accumulated as a result of the effect of input subsidy. Imagine trippling cocoa or coffee or benneseed output. Imagjne subsidising power for production of service parts. Instead we use it to watch DSTV and overpump water at night. We leave our bulbs on during the day and dont prioritize use of energy effecient bulbs or appliances.

Talkkng about chronic scarcity of peteol after its subsidy,that had to happen because of corruption. If you import for west africa but budget for only Nigeria, it is bound to become scarce wherever it sell for the loweat price when the volume of import reduces.

HydraFeeds:
To every sensible people on this forum ,what do you think will happen if Russia supply weapons to countries like Cuba or Mexico to strike US directly?

Has America invaded those nations under the pretext of rescueing red Indians? Comparing apple to orange

Civil defence for Warri.

Reelz:
Sell dollars at a reduced price to petroleum importers n give waivers to food imports. Simple n short.
Baba goslow

Thats reduced naira earnjng for govt. They dont like that.

IbeOkehie:
OK, so what is the solution to combat inflation? The man quoted is talking about costs. How to tackle those costs is the question. Any ideas?

Good Luck to Nigeria.

Cost effect wont go away with interest rate hike.

It is better production inputs are subsidized as well as increase production to swell supply against demand. The last will likely lead to export.

nairalanda1:
Petrol must be sold at a profit meanwhile

is anyone selling at a loss. In fact it is the NNPCL thats insisting on subsidy now and not Nigerians. Nigerians are only after the cheapest possible petrol and not loss. It is NNPCL thats after loss.

nairalanda1:
That shows that domestic crude production isn't enough to meet refining needs.

Simple

Maybe he want tohighlight lack of local patronage. Lol

Yes. Give them dollar.

OboOlora:
It was planted by my friend and Russian agent, WriterNg

WriterrrNG actually.

nairalanda1:
And as predicted, more abuse.

Call back when you are more mature, then we can talk.

And yes, petrol must be sold at your filling station for N40 per liter.

why should i pay N40 when i can wave a broom under an umbrella and have petrol for free.

nairalanda1:
Ah well, I don't discuss with abusive people like you.

You have quoted me and abused me several times, so my advice to you is, enjoy your opinions.

Good morning, little one.

Even you know YOU have nothing else to say except to go mud slinging. Your theories have failed flatly and that quote i mentioned you alongside is another worded version of my arguments about using rates to fight inflation.

Botragelad:
Every sane person is aware of Russia's involvement with terrorist groups. There are hundreds of images surfacing of Russian arms discovered in Hezbollah's arsenal. Thishas been going on before Russia invaded Ukraine so how do they justify their act

Isn't it funny that Russia provides weapons to groups seeking to harm Israel, yet objects when the West supplies Ukraine with defensive aid. Think about that. Remember it was Russia who invaded Ukraine at first, brought in North Korea fighters, sought help from Iran, China and the rest, now here they are sponsoring terrorist in the middle East and complaining about the removal of Ukraine's restriction to strike deep into Russia territory.

Am yisreal chai 🇮🇱!

Above all, they parade as the supreme tribe or ethnic group russia is built around and attack beyond where Rus are located when on the offensive.

Dont know but It looks small though.

VeryWickedBro:
The only history they can make is to install an Oba

The school is not owned by Ilorin people neither is it expected to be run by Ilorin people alone.
Go and play with your toys.

That thing looks like a giants phone with the human sized picture to illustrate anatomy. Probably in 3D.

Shadomaan7:
Good news ahead for Nigerians. The bad news peddlers have been rendered jobless

... may force ...
50-50 issue. In my opinion it is a 99-1 chanced to happen.

CBN’s monetary policies can’t solve inflationary pressures in Nigeria — Ajibola

Reacting, Ajibola said that monetary policies such as interest rate cost by the Central Bank of Nigeria cannot solve Nigeria’s inflationary pressures because they are cost-induced.

He stressed that CBN over the years has been tackling inflation with the wrong medicine.

“Monetary policies cannot solve inflationary problems in Nigeria. The Central Bank of Nigeria has been fighting a battle that it cannot defeat because the country’s inflation pressures are cost-induced.

“It is because of a rise in demand or an increase in money supply.

“The landing cost of imported items is increasing due to the current exchange rate. Locally, there are pressures from all cost edges. So unless this is tackled, the challenges in Nigeria’s inflation will remain,” he stated.

What i have been saying for ages. Will they listen and learn to make amends? I doubt.
A man is hungry and in lack yet CBN is counting on interest rate hike to dissuade such a fellow from spending his meagre income to stay afloat. It can never work.
Cc : Nairalanda1, omohayek, grandstar.

Trash.

“Fair and transparent management of public resources; A strong governance framework that fosters trust in government and in its ability to adequately implement policies—including by promoting transparency, increasing accountability, strengthening the rule of law, and controlling corruption—is a precondition for public backing of any reform strategy.

“Opinion surveys indicate that trust in the government’s ability to use public resources to promote the population’s well-being is still relatively low in many sub-Saharan African countries

Word for those with ears.

“Realizing this opportunity requires rethinking reform strategies, to build and maintain pro-growth coalitions among constituent leaders and the general public. This will require greater attention to communication and engagement strategies, reform design, compensatory measures, and rebuilding trust in public institutions”.

In principle they are saying be productive whichever reform you choose. Prioritize and incorporate productivity into your reforms. Dont just be spending on empty projects. White Elephant projects.

Actually, the dark music world takes on them turn by turn.

Every minister carefully crafting a script to attract funds. Insecurity can end in 24 hrs if they want it to.

They sold the roundabout(inner organs) and consumed the flesh like meat from regular market. Sort of like monetizing cannibalism for maximum profit.

Throwback:
Whose mandate was stolen?

Atiku's Mandate?
Obi's Mandate?
Kwankwaso's Mandate?
Sowore's Mandata?

You mean the data bundle with which he posts on SR

Blazebond:
The way you people hype this iweala shows how low thinking you really are,this woman is one of.your biggest problem in Africa and Nigeria but.younall don't know,I pray make una get sense sha.
And by the way,all of them standing there are clowns.

Akin Adesina excluded. He can never be a clown.

Iweala is a pretender.