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Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 1:00pm On Dec 05, 2024

Tayorshd87:
The steps to get it fixed is all about funding and taxes must comes in.

Find out what they are using to build and develop their nations in the United States

The steps to get the economy fixed is about a clear implementable PLAN to make it more productive. You raise fund
from corporates and people who earn money and not from impoverished people. The more corporates and people who earn, the better. And more money they earn, the more the money the government gets from taxes.

In US, the government makes effort to protect and build stronger economy that will create wealthier corporates and people to support government with taxes.

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 10:56am On Dec 05, 2024

mannobi:
Mr man, I served in Enugu and travelled round the state. From igbo eze to uzo uwani, to nsukka, to obollo-afor in udenu, to nkanu, enugu metropolise, awgu, isi-uzo, udi etc can you name any serious industry in Enugu state and from the brewery?
Do you want to check the foreign direct investment going to ibadan compared to enugu? Enugu state is not even as industrialised as ondo state not to talk of Ọ̀yọ́ state. Google is there to confirm it.

If this makes you sleep well, I am happy for you.

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 10:55am On Dec 05, 2024

Tayorshd87:
Has it been fixed for years before now

Therefore it will not be fixed but taxed, abi? SMH

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 4:59pm On Dec 04, 2024

Alliswell248:
I disagree with you.
Lagos cease to be fct over 33 years ago. Without visionary leaders, Lagos won't be what it's today. The number choice of investors in Nigeria

We have ports in other states too. We have two in Rivers state, delta has one, ondo is building its own
Ports is no longer in the exclusive list ...any state can have its own port

If only 60% of revenues that accrued to Lagos was devoted to developing Lagos State, the State would have much sophisticated than it is. It is the same for all the states of the federation. There is so much underperformance and looting across board.

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 4:52pm On Dec 04, 2024

Image123:
Lolz, the economy runs on revenue, which is gotten by tax. Or you think government is a business enterprise? Tax is what drives IGR all over the world. Making our taxing more efficient is the best way forward.

I don't do lolz stuff.

Look, economy doesn't run on tax. Economy generate sundry revenues including taxes. It government that runs on these revenues including taxes. Fixing the economy is key, bro.

Politics › Re: 10 Ways Tax Bills Will Make States Richer — Temitope Ajayi by festacman(m): 2:29pm On Dec 04, 2024*

Tax bills will not make much change if the economy remains in shambles. Why is this difficult for Nigerians to grasp. Why are we wasting time and energy on Tax Bills while inflation is going up, businesses are closing down and people are becoming poorer.

- Fixing the economy is more urgent and critical than fixing tax regimes.
- Fixing the economy creates more business entities that will pay tax and create employment.
- Fixing the economy creates middle class once again that will pay tax and relieves the poor.
- Fixing the economic boosts local production, boost export and earning of forex.
- Fixing economy strengthens the Naira, creates alternative local goods, empowers more consumption, which increases VAT quantum.

Work with states to develop a broad Economic Development Plan will help both the FG and States have sense direction to build prosperous Nigeria.

19 Likes 1 Share

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 11:19am On Dec 04, 2024

Paraman:
Why's Enugu not as industrualise as Ibadan and Kaduna even though the 3 of them were regional capital? That's the question

Even though Enugu was one of the regional capital, it can't compete with her peers

If you must know and at the risk of going low in tribal mud fight, Ibadan was not and is not more industrialized than Enugu. I have visited Ibadan and Enugu. You haven't crossed River Niger. In fairness, Kaduna had more.

However, you have the right to assume anything about any city, if it makes sleep well. It is your democratic right.

Again, I will not engage in tribal rat race with you. Not my style.

18 Likes 1 Share

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 10:55am On Dec 04, 2024*

Paraman:
Enugu was the former capital of eastern Nigeria, why is it not generating as much revenue as Ibadan the capital of western Nigeria?

Why's Enugu not as industrualise as Ibadan and Kaduna?

All these cities you mentioned are in state of industrial inertia as we speak. Nigeria's economy is in shambles. And so far, there is no roadmap from the FG to work with state governments to revive the economy. It's all taxation. The three tiers of government happily share oil money and mutually accuse each other of being lazy.

And by the way, I don't do tribal rat race.

10 Likes

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 10:46am On Dec 04, 2024

Paraman:
Don't you guys get tired of this bullsheet talk

Ikorodu is not part of the federal territory of Lagos, no local government is generating as much as ikorodu all over the 36 states of Nigeria. More than 90% of present day Lagos state was never part of the capital.

Lagos has been developing even before Nigeria was created

Why hasn't Badagry developed? Is economic activities in Ikorodu as a result of State government policies or fall-out of economic, infrastructural and population advantages conferred on Lagos by its former FCT status?

4 Likes

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 10:34am On Dec 04, 2024*

richmond500:

Which disparity? If ur governor is working, he will close the gap.
But no, they are resting in Abuja and abroad while waiting for Lagos, Delta and Rivers do the the job and give to federal govt so they can share it to FAAC.

The fact is that no state governor is actually working to develop local economy. None including Lagos, Delta and Rivers you mentioned. All state governors wait, share, share and loot FAAC allocation.

Lagos was former capital of Nigeria with ports and other infrastructure put in place by FG. Lagos with all its massive revenue is still not there yet. Delta and Rivers has oil that FG in concert with foreign oil companies are exploiting. Beyond, nothing has been done about marine resources of Delta region.

So, don't make it sound as though only Northern governors are lazy.

Besides, apart from taxation, what has Tinubu put forward as his plan to diversify and stimulate industrial activities, entrepreneurship and drive local investment?

21 Likes 1 Share

Politics › Re: Tax Bills Will Deepen North-south Economic Disparities – Arewa Media by festacman(m): 10:24am On Dec 04, 2024*

Fixing the economy before fixing tax makes more sense.

5 Likes 1 Share

Politics › Re: Temitope Ajayi Knocks Governor Zulum by festacman(m): 5:59pm On Dec 02, 2024

No freedom of speech for Prof. Zulum anymore because Tinubu is president? Come on !

4 Likes 2 Shares

Politics › Re: Atiku Writes On Tax Reform Bill by festacman(m): 12:05pm On Dec 01, 2024

aribisala0:
This thread is about Atiku's comment on the bill
Do you have anything to say about that?

If you can't discern that my comment is on Atiku's post then you read it with prejudice.

Foreign Affairs › Re: Senegal Orders Closure Of All French Military Bases Amid 80th Anniversary by festacman(m): 11:06am On Dec 01, 2024

France has been deliberately hypocritical, wicked and exploitative in dealing with its former colonies turned Francophone African countries.

France could have guided these countries to develop politically and economically. They looked up to France after independence but France failed them. France removed any developmental-minded leader who emerged and replaced them with moles to serve French interests. France looked away while these moles and their associates loot national resources and deposit it in France for safekeeping.

France should apologize to these countries instead of instigating internal armed conflicts. France should now it's head in shame.

Politics › Re: Atiku Writes On Tax Reform Bill by festacman(m): 8:33am On Dec 01, 2024*

There is nothing wrong with periodic review and reform of tax regimes. Every country does that. However, in any federation and more so in a democracy, every federating unit is entitled to be selfish in pursuing their interests. Politics is about who gets what, when, how.

Therefore, transparency and exhaustive discussions by stakeholders will enhance understanding of the bill, clear doubts and allay fear. It will engender consensus and help to arrive at an acceptable Tax bill, which can always be improved or amended in future to reflect the realities of time.

By the way, it is interesting how Tinubu's supporters are crying over Northern opposition to his Tax Bill. They have forgotten how Tinubu under the cloak of opposition frustrated GEJ on removal of petrol subsidy. Karmically speaking, what goes around, comes around. undecided

2 Likes 1 Share

Politics › Re: Sarki Makes U-turn, Endorses Tinubu’s Tax Reform Bills by festacman(m): 2:59pm On Nov 30, 2024

Whois:
https://www.nairaland.com/8281607/sarki-makes-another-u-turn-opposes#up
You are very observant, the guy is fond of making illegal u-turn but a smart guy duh.

Politics › Re: Tax Bills: I'm Neutral But Suspicious About The Rush To Pass Them - Dawisu by festacman(m): 1:09pm On Nov 30, 2024

bitsAndpieces:
Tax reform should be your number one priority if you want to attract businesses and investors. Imagine an Alaba international trader that’s bringing his goods from China, and under the current system will pay multiple taxation and bribes…. Not good for business. If he has to pay two taxes, let it be clear! One to customs, and one to FIRs if he makes profit.

Also, another area of the tax reform is where foreign companies can easily employ Nigerian youths in Nigeria without asking those foreign companies to have branches in Nigeria. If you an IT guy in Calabar, Vodafone in SA or UK can employ you, pay you good wages, without you even leaving your house.

You could have multiply call centres coming to Nigeria instead of going to India or Kenya.

That's why I said tax reforms could be done at any time to reflect the realities of the time. Each of what you said above can be implemented to facilitate ease of doing business while increase of VAT and other such reforms in the face high poverty rate can wait till another time.

Politics › Re: Tax Bills: I'm Neutral But Suspicious About The Rush To Pass Them - Dawisu by festacman(m): 11:33am On Nov 30, 2024*

1. Ordinarily, there is nothing bad in introducing tax reforms from time to time to reflect the REALITIES of the time.

2. Basically, taxation involves corporates and individuals paying a portion of their earnings to support government, which made it possible for them to earn.

3. Therefore, the rational thing to do first is for President Tinubu to develop short-term, medium-term and long-term plan to boost the productive capacity of the economy. Unfortunately, doing this looks like a mirage at the moment. Tax Bill without fixing the economy will impoverish Nigerians more.

4. It is when industries, factories, farmers, traders, professionals, etc are functioning well that goods and services are produced and sold and corporates as well as people have money in their pockets that taxation makes sense. You don't put the cat before the horse.

5. Apart from obvious geopolitical reasons, the fact is that introducing Tax Bill is much easier thing to do than fixing the economy. The president chose the easier task.

22 Likes 2 Shares

Politics › Re: Fisayo Soyombo Has Been Released - FIJ by festacman(m): 11:37pm On Nov 29, 2024*

The job of undercover journalist is risky but it helps the society to get better.

Welcome back Fisayo Soyombo.

25 Likes

Politics › Re: Paris Visit: 10 Key Economic Priorities Tinubu Seeks From France by festacman(m): 6:50pm On Nov 29, 2024*

France that could not develop the economy of Francophone countries will not do more than it is currently doing.

Mr. President, the best thing to do is to DELIBERATELY develop policy frameworks, specify opportunities and create vital incentives to encourage existing and potential local investors to put money into the various sectors of the economy.

Only Nigerians will GENUINELY invest Nigeria, plough profit back and create more wealth. Challenge them vital policies, incentives and other ways of protection and encouragement.

16 Likes 2 Shares

Politics › Re: Tinubu: Mali, Burkina, Niger, Chad, Senegal Ended Ties With France - Shehu Sani by festacman(m): 5:49pm On Nov 29, 2024

Revolution.

Politics › Re: Sarki Makes U-turn, Endorses Tinubu’s Tax Reform Bills by festacman(m): 5:26pm On Nov 29, 2024*

Sarki is notoriously inconsistent in his opinions. His mind operates like yo-yo. Don't be surprised if he make a u-turn after some days. Besides, his tweets basically reflect who paid him to do PR for him.

4 Likes 1 Share

Politics › Re: We Won't Eat, Pay Salaries In The North If Tax Reform Bill Is Passed - Gov Zulum by festacman(m): 5:01pm On Nov 29, 2024

Celebrities › Re: Court To Hear ₦‎5 Billion Suit Against Sinach For Alleged Copyright Infringement by festacman(m): 11:07pm On Nov 27, 2024

If Sinach had been performing "Way maker" in churches before it was professionally recorded, it might be difficult for a studio engineer to lay claim to this song.

49 Likes 2 Shares

Culture › Re: Ban On All Cultural Festivities In Igboland Still Stands – Chairman, South-East by festacman(m): 7:29pm On Nov 27, 2024

Igbo from time are not known to have kings.

These overdressed characters who parade themselves as traditional rulers lack spiritual authority to legislate on age-long statutory festivals.

37 Likes 3 Shares

Politics › Re: Tinubu, Buhari Part Of Nigeria’s Accidental Leadership Cycle — Kukah by festacman(m): 5:29pm On Nov 24, 2024*

The biggest disappointment is BAT who, for long, wanted power. Ordinarily, one would have expected him to have studied and documented solution ideas to various sectoral problems of Nigeria. So far, apart from IMF-promoted taxations and removal of subsidies there is no sign of any roadmap to revive Nigeria's economy.

He had looooong time to prepare and, so far, it seems he still came unprepared.

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Christianity Etc › Re: Hour of Revival: Bishop Abioye Explains Why He Launched New Ministry by festacman(m): 3:26pm On Nov 24, 2024

You can't be a preacher all your life and then stop because your fellow man said to you "get the f*ck off my platform".

God belongs to all. It is a free world provided no societal, natural or divine is broken.

May his new ministry blossom like mustard tree.

44 Likes 8 Shares

Politics › Re: Nigerian Army Has Pursued Lakaruwa Terrorists To Niger Republic - Senator Aliero by festacman(m): 1:01pm On Nov 24, 2024

Pursued into Niger Republic or they ran into Niger Republic to sneak in back again?

Look until DSS maintain strong network of loyal and dependable informants at strategic border towns, groups like Lukarawa will always sneak into Nigeria first, as Islamic preachers, gain credibility with locals, and then introduce their guns for coercion.

Collecting intels and staying ahead are key against terrorism.

6 Likes 1 Share

Crime › Re: David Hundeyin Vs Kiki Mordi: Court Awards £95,000 Damages Against Hundeyin by festacman(m): 9:16am On Nov 24, 2024

Love him or hate him, David Hundeyin is a proper coconut head. Strong as it comes.

Every progressive society needs more of David Hundeyin and VDM than it needs of conformists who would easily kowtow before oppressors or clowns who dance for daily meals at oppressor's palace.

46 Likes 4 Shares

Politics › Re: Why Is Tinubu's Government Not Abusing IMF Over Their Recent Report?-Rufai Oseni by festacman(m): 5:26pm On Nov 18, 2024

The current APC administration won't take Nigeria anywhere forward.

However, the opposition seems to not appreciate that Nigeria needs an urgent rescue with a properly researched and articulated roadmap to lay a new economic foundation for Nigeria. I pray they wake up, make compromises and agree on a good candidate.

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Politics › Re: How My South African Partner Duped Me Of $3.5m In Kenya — Murray-Bruce by festacman(m): 3:38pm On Nov 15, 2024*

That he didn't boldly mention the name of the alleged scammer shows his story is not completely true. It is one-sided.

There must something that happened that he is not revealing. After all Ben Bruce isn't a greenhorn in business to transfer such huge amount without due diligence process.

3 Likes

Sports › Re: Flamini: I've Made £10bn Since Leaving Arsenal, Won't Rule Out Gunners Takeover by festacman(m): 4:24pm On Nov 12, 2024

The power of friendship and entrepreneurship made Flamini a billionaire.

While still a professional footballer, a friend pitched a business idea to him. Not knowing exactly what the business was, technically speaking, he just decided to put in money trusting his friend. That move gave to birth to highly successful GFBiochemicals.

Well, not a bad decision, after all!

55 Likes 6 Shares

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