adebowales: its just a compound fool who will continue keep digesting the same lies from the same people who have plundered the world into chaos just because of looting natural resources. I have Syrian friends, those who told me more about this war in syria immediately it started, one of them who we constantly do talk is dead now on this same war. The US funded this war by giving out dollars to terrorists, with ammunitions to topple Assad regime, they were almost successful until Russia comes in, exposing how Syria oil is being smuggled through Turkey and then moved to Europe.
Gistmedia10: In a dramatic moment, a lady known as Cardi B DC Hype Lordress , a popular hype queen, has gone viral for her emotional reaction after Nigerian superstar Davido followed her on Instagram.
Unable to contain her excitement, she was seen rolling on the floor, crying, and screaming, "Davido followed me! Davido followed me!!" In a video shared online, she showed people around her the proof—Davido's verified account following hers.
In a post on her social media, she expressed her overwhelming joy, writing: "Haaa my daddy don follow me….. Haaaaaa . Thank you very daddy @davido I love you."
Netizens have since flooded the comment section with mixed reactions. While some fans supported her emotional outburst, calling it genuine and relatable, others criticized her, labeling her reaction as overhyped.
Hinta: This is Your Best Chance To Monitor and keep an eye on your Properties; House, Office, Hospital, Shop/Restaurant, etc. and keep a proper record of activities that occurred in your absence.
This Solar Panel Camera is Equipped with powerful LED bulbs bright enough to enable the camera to operate in full-color spectrum capturing clear pictures at night. It has an infrared vision that supports up to 10 to 30 meters at night.
The Solar Panel Camera is equipped with a microphone and a loudspeaker. This ensures that you can hear what is said around the camera and likewise speak back and be heard.
jmoore: Spending 70 million naira to build a 2 story building 3 bedroom flats. Put the rent at 350,000 naira per year for each flat in a location like Aba, it will take you more than 33 years to breakeven. House for rent as an investment is what your children will enjoy, not you. Use your spare money to build if you have excess cash. If you have 80 million naira in your account as a young man, don't use it to build that story building. Reinvest it in your business that gave you that 80 million naira. You can buy land, but don't build until you have at least times 3-4 of the building budget in your account.
We know these things and will take decisions according to our goals No one is building a rental house in Nigeria to recover the cost via rent payments You guys should rest on this trending building rental house issue
Ezewuzie01: Arab Jihadists taking over Syria is a bad thing for Israel. They will surely make a move to recover the Golan heights from Israel and send waves of suicide bombers into the country if the Palestinians continue to be oppressed by Israel. They are more ruthless than Iran and their pussy ass hezbollah allies. That's why Turkish President Tayyip Erdogan is very happy as they take back Syria.
As in Israel is oppressing your Palestinians, those bigoted and hate-filled jihadists that can't tolerate the Jews and want them all dead? Some of can be very stupiid and ignorant I'm sure you're not an Igboman even with that name you're bearing Remove that name, you bingo
Obyangel: You're lucky brother, I picked periwinkles at OJO Sea/water side beach. The owners (Marine people) came to me around 2am (midnight) next morning and seriously warned me to return the periwinkles and never come back to pick it again. I humbly return it to them with apologies. This world is very deep and mysterious.
Afonjeezy: I don't think you guys understand what's happening in Syria. Putin is just changing power there. He wants to take the Middle East war to Israel in the coming years.
Assad cannot fight. The new guys can. Brutally too.
Una go just come out from una airless rooms, begin post rubbish. Which Russia is taking which war to Israel? Russia that freely gave Israel go aheads to strike targets in Syria even before these rebels struck? Do you read about international politics and events anywhere else other than in this Nairaland?? Nawaoo.
WriterNig: 👍🏻 Like for Russia-Putin, share for USA/ISIS/Nazi/NATO卍
I'm sure this one is an islamist. They are usually the ones supporting criminal Putin because he is not amongst those fighting against global islamic terrorism. May Allah bless Israel and the US for standing firmly against the jihadists and their terrorism. Insha allah!
Basiljoe: Posting your achievements on social media like vacation trips, graduation pics, Job promotion, dinner dates, eating out in luxury restaurant's and others.
Do you think it's a wise or foolish decision?
Give logical reasons.
It's very very childish; i can't understand why people do that
Just imagine if this was said by an opposition or a non-yoruba person! Those hungry, sentimental and tribalistic yoruba boys supporting this useless administration would have pulled down this forum's roof.
adebowales: The same UN isreal is kicking out from Gaza? Stop this lies, it will take you to hell. Isreal is supporting these rebels together with nato, stealing Syria oil, transported through Turkey to Europe.
Unrepentant jihadists! The truth is always an anathema to them
Unfortunately, they share some of these traits with most of the yorubas, and the later would do the same if they were in the same position as their xenophobic counterparts.
saintopus: Why they've not started to sell kerosene is what I am worried about. The PH Refinery has the capacity to produce 900,000 litres of kerosene daily but could not sell it at the Filling Stations.
You just rushed to occupy the FTC position with rubbish post.
Aren't you surprised that NNPC is selling petrol Nigerians don't have and are buying at exorbitant prices to Dubia
adebowales: sincerely what you have up there is tumor not brain, the same way west lied about gadaffi is the same with Assad all to loot oil. I really don’t blame people like you because you might have an agenda you pursuing but those ignorant Christian’s here
You're a brainwashed ediot. What concerns the West with the desire of millions of Syrians who wanted Assad and his family that have ruled their country with iron fist for over 50yrs to step outside? You jihadists like him because he embodies the ruthless and callous Islamic character by massacring millions of his countrymen who only demanded for a change in government. Btw, how old were you when that war started in 2011? Did you follow the events as at that time? Did you even have a phone then? Did know the crisis first started in Tunisia and the president soon stepped down to avoid a civil war? Did you know the Egyptian president also stepped down to avoid unnecessary war and destruction in his country? Why do you think Assad should continue even at the expense of killing his people and destroying his country?
seunny4lif: That's what happens when conflict is frozen instead of finishing it once and for all Syria's military was at their peak in 2020 until that useless peace deal by Russia-Turkey, Iran warned about that deal but the Russia President told them not to worry and that the Turkish military would clear the same rebels/Terrorists that the Turkish and Qatar governments are funding.
But how can the Syria military go to sleep like that, they have been watching HTS since 2020 preparing for something like this, I still don't know how they lost Aleppo and Hama within days. Peace Time create weak men
Is it not insane that you're still supporting Assad who has been massacring his people since 2011 and taken his country tens of years backwards?
Is it a coincidence that you and your coworkers also supported clueless Buhari who set Nigeria many years backward and the calamitous T!efnubu who's currently killing Nigerians with hunger?
Don't tell me your religion is synonymous with hatred for humanity and anti-progress.
You guys will just emerge from your toilets and start vomiting anything you like
It's good to try and read around events before commenting on them.
The group the US is supporting, which is the SDF(Syrian Democratic Forces), consisting mainly of Kurds and christians, is not involved in this recent war
Goodmarlian: Lets talk spiritual ,These days its very rare to see someone successful in Nigeria without some sought of spiritual backup either from the Christian God or some traditional gods don't be deceived most millionaires and billionaires you see today in Nigeria are into something most times they wouldn't tell you. Until you decide to change your situation by consulting a spiritualist like true pastors or babalawo you cannot prosper in Nigeria,I repeat you will remain where you are forever until you awaken yourself spiritually.
EeyanMayweather: Smelly Maggot Use your google ! Well, I know you did already but too ashamed to admit the lies you’ve always kept in your limbic Dumb , parasitic USB rat 😂😂
Ondo produces more oil than any of the Sad East states .. Fact! Facts don’t care about your emotion buddy 😛
''Facts'' pulled from your rotten father's rectum, right Such 'facts' don't really need to be proven
aribisala0: What is 5he connecti9n between the loan and the bill
Denial will not help you guys The article stated it clearly how the World bank wanted VAT increased, just as they did with fuel subsidy, yet you're still asking what the connection is.
You don't know that VAT increment is part of the bill or you're just feigning ignorance
Bobloco: For those querying the rationale behind the rush to pass the tax reform bill, I say look no further—the World Bank loans approved in June 2024 are to blame. Some may recall that the World Bank announced in June 2024 that two loans worth 2.25 billion US dollars had been approved for Nigeria under two new programmes. These loans were approved based on the agreement that Nigeria will increase VAT rate to “at least” 12.5 per cent by 2026.
These programmes will have negative implications for the country, leading to inflation. It is surprising that a government struggling with a 34 per cent inflation rate would agree to these terms. But before we discuss the consequences, let’s discuss some details of the loan, including the actions to be taken.
The first, ‘Accelerating Resource Mobilisation Reforms’ (AMOR), is worth 750 million US dollars. It is a programme for results with disbursed linked indicators. To my knowledge, no detailed information on the World Bank website shows any disbursement or financial agreement for the AMOR programme.
The second loan, 1.5 billion US dollars, is under the ‘Reforms for Economic Stabilisation to Enable Transformation’ (RESET) programme. Under this programme, two World Bank agencies—the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD)—share the financing of 750 million US dollars each.
According to the World Bank’s website, the RESET loan of 1.5 billion US dollars is active. IDA disbursed all 750 million USD of the RESET loan on June 28, 2024. IBRD claimed its front-end fee—a payment made at the beginning of a financial arrangement—of 1.875 million US dollars on June 26, 2024. These transactions happened without the Senate announcing approval unless they were done in secrecy.
The costs of these loans are also different. Nigeria will pay an 8.33 per cent interest rate on half of the loan under IDA, which will commence between 2030 and 2036. For the other half, with IBRD, the payment will begin in 2035 and end in 2048 at 3.85 per cent.
These 8.33 per cent and 3.85 per cent interest rates are too high for a World Bank loan to a low-middle-income country like Nigeria. The loans reflect non-concessional terms stipulated under the Fiscal Responsibility Act of 2007. Concessional loans from the IDA typically have 0% interest, a 40-year repayment period, and a 10-year grace period to ease the financial burden. Ironically, these rates contradict the fiscal laws outlined in the Fiscal Responsibility Act. This also contrasts with the World Bank’s principle of providing affordable financing for development.
In all seriousness, this is not a rate designed to help a country seeking to build a fiscal space. But my sympathies or suspicions lie with the administrators of this Tinubu-led government who sought this loan. But that’s not it.
The worrying part comes under the actions to be taken under the programme. They are divided into two pillars. Pillar 1 is about building fiscal space, and Pillar 2 is about protecting the poor and economically insecure. I wrote about these in one of my previous columns in June, titled “Counterproductive World Bank Loan: Reasons to Reject.” The expenditure mainly duplicated existing projects because Nigeria has digitised its tax collection since 2015. We have the Integrated Tax Administration System (ITAS), e-filing Platforms, Tax Identification Number (TIN) System, Remita, Treasury Single Account (TSA), Payroll Management, e-payment Channels, Automated VAT Collection, and Electronic Tax Clearance Certificates, among a few others.
The fiscal trap is under item 2 of Pillar 1. The agreement reads, “To increase non-oil revenues and reform the VAT regime, the Borrower has submitted to the National Assembly a draft bill to progressively increase the VAT rate to at least 12.5 per cent by 2026 and allow input tax credits for capital and services.” This agreement is what is pushing the government to get the Tax Reform Bill passed.
As we are already in December, this agreement means the government will increase VAT rates by two-thirds within 12 months. Recall that the FIRS Chairman has proposed an increase of 33.3 per cent in 2025, from 7.5 to 10 per cent, some few days from now. They will then raise the VAT rates by “at least” another one-third to 12.5 per cent in 2026, which will have to be announced in December 2025. There will be consequences.
The VAT system in Nigeria covers all finished goods and services, with a few exemptions that hardly impact the average person. Given the present hardship, with the inflation rate touching 34 per cent, people will see a direct spike in the prices of all VAT-able items—the vast majority of consumer goods.
The scary part is that this will not be like the inflationary trends after the removal of fuel subsidy in June 2023, where the burden will be shared between many products. This impact will be directly felt on every product as soon as the announcement is made. Let us also not ignore that once people expect prices to rise, they will increase regardless of what the government does.
The immediate consequence is a reduction in total consumption. When people buy less, producers will be affected because their goods and services are not selling. This will press them to reduce the cost of production, including workers, which means higher unemployment in the country.
These expensive World Bank loans will only increase economic instability in an already volatile economy because the repayment period is in 2030. Nigeria will still be working through the VAT increase shocks. As many policymakers and experts have advised, the government should postpone approving this tax reform and consult much further.
fineboynl: I met some marketers of this life insurance of a thing. I don't want to mention the company name here.
But there is a distrust with anything Nigeria company especially financial once
With the way the country is going with no headway. Policies keep changing. Business keep failing. Inflation and depression. Once cannot really see the future clearly as eventually keeps changing. It only takes luck and grace for people living in this part of the world as things don't go by merits. And reasons we have religious houses everywhere.
What is this life insurance thing all about. Can you trust Nigerian life insurance?
As for trust, you can trust some of them, especially the bigger, already established ones. I started one with cornerstone in August 2019 which ended this year's july/August, and there were no stories when i requested for my money. But it wasn't easy oo; i was paying 50k every month for 5yrs without fail. There are consequences if you don't meet up with your payments.
EeyanMayweather: Pig It’s public information. Your phone isn’t meant for trolling on naira land only . Use google and see the mudu of oyel your so called oyel producing states produce 😂😂
Stinking cockroach can't defend his lies and propaganda, which they are known for. So, crawl back quickly into your dark, smelly holes
Food › Re: Can You Finish This In One Sitting? by Free2Fly: 3:13pm On Dec 12, 2024
