nairalanda1:



And our tax to gdp ratio is very low, our tax rate is low, and 70% of Nigerians do not pay taxes to federal and state government

And yet, you expect miracles with the tax rate we have? With an income that is 80% from oil.?

Okay.

Now we are getting to a common ground.

Govt at all levels should focus on improving our tax to Gdp ratio to atleast 15% as recommended by world bank,for a starter.

If other nations have achieved higher tax toGDP then Nigeria can!

nairalanda1:



Even if we fight corruption and cover the leakages, it still won't be enough.


We budgeted 1.1 trillion for education this year. For comparison, the 2009 ASUU-FG agreement made provision for 1.5 trillion to be paid over two years in extra funding for universites. Money which was never paid, and which government told ASUU in 2013 that it would not be paid...instead ASUU got 1 trillion over 5 years, which has not been paid in full to date.

Note the 1.1 trillion is not going to universites alone, it is going to primary , secondary and other tertiary institutions. Divide the money and there isn't much.

And that is before we talk about looting, stealing, and so forth


That's why we have to explore the fees option, because it is either that, or we pay heavy taxes, and tax everyone, or we go the loan route...ie we beg IMF for a loan (which they won't give, because we are loaned up, and DMO is on the government's case anyway).


That's why I am annoyed when you called me a government defender. This is not about defending any yeye government...this is about facing the truth that our universities are underfunded, and they don't have enough cash.

Yes, our forefathers went to unviersity for free...back when numbers were much smaller, and there were fewer universites, and not everyone went to uni, and people could still get office jobs with primary 6 education. Government could afford to fund all that...and yes there was corruption back then well well.

If fighting corruption and leakages not enough,it is school fees that will make it enough, abi?

The total amount realisable on school fees is not even up to N100b!

I repeat,school fees Is not an option for any developing country with high poverty an illiteracy rate.
Such a country can never catch up with the rest of the world.

The standard source for govt revenue all over the world,is taxes not school fees!

nairalanda1:



We can have free quality education when we pay the money for it.

We don't have the money? then we can still have free education, only it won't be quality.

And by the way, I believe that the National Assembly should reduce their budget by half.

Now you’re talking.
Not only NASS.There is a lot of leakages and corruption in the entire system that would require only a revolutionist to deal.

This is common sense:

Nigeria lacks enough doctors,engineers,teachers,etc

Are we going to get more or less of these professionals by increasing school fees?

We should careless about Ghana and tackle our challenges!

Ghana can never develop more than Nigeria via higher school fees,so the comparison is so stupid!

nairalanda1:


Nothing like free education...someone is paying in loans, taxes, etc.

Ghana GDP is higher than Nigeria...by 200 dollars...some 2300 compared to our 2100 dollars. That is not much...and their fees are 25 times higher than ours.

Any country with free education in Europe pays for it with tax rates that approach half a taxpayer's income. You want that here?

Ghana GDP is higher than Nigeria’s?

Education is for development,therefore making it less accessible via fees is counter productive.

Total school fees by all students in public schools is not up to N150b when much more is wasted or stolen by politicians.

Nigeria can afford free education if we reduce corruption and cost of governance.

Eg what are we doing with Two houses of assembly,when our poor children would have to pay school fees?

ebukajay184:
Following the recent rise in cost of Tuition fees of Nigerian public universities, former presidential aide, Reno Omokri has compared Nigerian universities' cost of tuition with cost of tuition of other countries' universities, IGBERETV reports.

Taking to his Twitter page, Reno wrote;



https://twitter.com/renoomokri/status/1682764711039844354?t=0IgblwoUFTp0ec_0Jp5VZA&s=19

Very daft!

Why didn’t you include countries where tuition is free?

Education at all levels should be free or very affordable,in developing countries with very high poverty rate,if such countries want to catch up with the rest of the world.

Even Ghana has higher per capital income than Nigeria

omooba74:
The ruling is expected and fair,nothing like electronic transmission of results in electroral law,INEC is at discretionary to use any methods of transmitting elections results but Obidunce people will still argue on this....

The law mandates transmission directly from polling units to collating centers.

How is direct transmission possible manually?

luluman:
Olodo, just shut up, if you are not guilty you will challenge the VIO.

Correct.

Lotanna2:


Don't mind that misguided,attention seeking bloke.the fine contemplated by the constitution must be borne out of a judgment or a guilty charge or a sentence and in Nigeria.the constitution went further to say a fine or sentence involving dishonesty or fraud which is criminal in nature.is narcotics fraud or dishonesty?

Trading in narcotics involves a lot of dishonesty and fraudulent disclosure.

You cannot successfully trade in narcotics without dishonesty or fraud.

When you conceal and do not disclose what you are carrying across the borders,you are both dishonest and fraudulent.

Fraud has a very wide meaning an it includes embezzlement,concealment,illegal business etched

HanisahZuwy:
Thanks. I appreciate your input. What about love please? Which of the above state you talked about am I likely to find love?

This your silly question only goes to show that you are here on a cruise.

How can someone tell you that there is a particular state you will find love? Is there any state that people are not happily married or happily in a true love relationship?

And is there any state in Nigeria or any where in the world, where every person finds true love, or where true love is guaranteed

Rubbish!

The law of supply and demand prescribes that prices change when either the supply of goods and services or the demand for them changes. Ceteris paribus, when supply increases and demand remains constant or reduces, prices go down. If supply remains unchanged or reduces, while demand increases, prices go up. These phenomena are referred to as the market forces of demand and supply.

However market forces can only operate optimally when there is significant price elasticity of demand for a particular product or service. Market forces operate very weakly where the demand for a product is price inelastic. The demand or a product or service is said to be price elastic if say a 10% change in price would lead to say 10% or higher change in demand. Demand for a product or service is inelastic if the change in price does not cause a significant change in demand. Inelasticity often relates to very essential products with no close substitutes.

Petrol and power (electric) are very essential products without close substitutes and having price inelasticity of demand. It is noteworthy that the much referred telecommunication, has higher elasticity than the former. Thus market forces would have very weak contribution to the prices and demand for petrol and power. This is the reason why the prices of these two products, locally produced or imported, can only be determined by the cost of production, including raw materials and not the so called market forces. Thus increasing the number of players and consequently supply, would have very weak impact on their demand and price.

What really are these market forces? Does it exclude government intervention? How “free” is the market?

According to Wall Street Mojo, market forces refer to the forces influencing the price and quantity of goods in a market. In economics, it is also known as market dynamics, describing how they eventually affect a nation’s economy and growth. They are limitless and can impact foreign markets and international trade transactions. Such forces vary from country to country based on social, demographic, cultural, economic, technological, political, and legal factors.

The four major market forces are:


– Supply and demand
– Government intervention
– Human emotion and consumer buying behavior
– Technological advancement

It is therefore a total fallacy and myth, to suggest that market forces exclude government intervention.

So, until we get absolute and affordable substitutes for petrol and power, government intervention must continue to be a part of the market forces that should control their price, to attain the much desired market equilibrium.

Now that subsidy has been removed due to dwindling revenue and lack of capacity and competence to checkmate the inherent corruption and diversion, then government must be ready to acquire the capacity and competence to deploy the necessary infrastructural “palliatives” to cushion the effect of such removal. Cash transfers have other purposes, but definitely not for cushioning the effects of subsidy removal.

NNPC says it has sufficient fuel reserves for at least 32day-supply, yet in absolute negation of the law of demand and supply, petrol cost continue to rise. The reason cannot be overemphasized. The inelasticity would ensure excess supply of petrol does not have significant effect on its price, whereas shortage supply and scarcity, would only worsen the price. Therefore, we should not live in fools’ paradise by expecting the cost of petrol to crash with more players in the market. Only a crash in the aggregate cost of which that of crude oil is major, can crash the cost of petrol. The effect of market forces, other than government intervention, would be very weak.

Also, if and when gas becomes a perfect alternative to petrol, thereby making the demand for the latter more elastic, we must however not be disappointed, when the same market forces push up the price of gas, which now appears to be lower than that of petrol, plausibly because of its currently lower demand.



Doyin Ola Kasumu FCA.CFC.MBA.MSc.BSc.

Chief Consulting Officer @ Deeno Consulting

https://www.deeno.com.ng/blog/2023/07/19/the-price-inelasticity-of-petrol-power-versus-so-called-market-forces/

Orisirisi.

God1000:
When last did Brazil advance to the semi final of FIFA world cup with their indigenous coaches?

Since 2002, the five times world cup champions hardly make it beyond the round of 16

Having a foreign coach sometimes is good Mr Lula

Trash.

Has Brazil won the World Cup with foreign coaches?

Beremx:
Would she have displayed the result in public if she knew it was fake? Make una reason am nau!

That’s why only her,out of over 1.6m,got a result notification used last in 2021?


Her father says she was born on April 2,2004,which tally with the original result slip of 249.

The fake result reads march 2,2004.

Make you use your sense nau!

drtwist:
INEC seems not to understand how they have made mockery of Nigerians by simply playing to the politicians book .

First the essence of the BIVAS And IREV portal is to help curb manipulation of results at collations point yet INEC couldn't achieve that.

You have really captured the main issue.

Results were manipulated for example in Rivers State,simply because they were not uploaded in real time.

The delay as people say ,was really dangerous!

How Tinubu defeated Obi in Rivers,can only be explained by rigging.

igwebuike01:
I think all her old results like this proves her innocence. Why should a brilliant candidate resort to forgery? It's very unlikely

That she scored 334 in common entrance is a proof that she scored 362 and not 249 in JAMB,abi?

You are so dumb!

MyChoice1:


But I thought jamb said she used special software or something like that on their system. But now they are saying that their system is all good. This case get as e be oo...

This is misinformation.

The software used was for manipulation of the result,it has nothing to do with JAMB system.

Even here on Nairaland,someone advertises on manipulation of any document of your choice!

I am convinced beyond any reasonable doubt that the girl committed an "innocent" fraud.

I pray for a soft landing for her.

Any person still doubting her guilt despite overwhelming evidence,must be highly retarded .

Tribalisation of fraud.

Shior!

It's a temporary glitch

[b][/b]“NBA, an organisation of eminent lawyers and an important voice within the civic space, reported that 91.8 per cent of Nigerians rated the conduct of the national and state elections as credible and satisfactory. Any election that over 90% of the citizens considered transparent should be celebrated anywhere in the world”

Shameful lie!

Age at graduation,BSc(Hons)

Ykc2:
Agbadorians will commend it by saying they deserved it

Yes ,they deserve it.

That Nigeria remains unsecured,should not warrant ingratitude to service chiefs who could have died on duty,even before getting to the highest ranks.

I am definitely not an agbadorian nor obidient,just an advocate of good governance.

Well deserved.

Those who may die in service ,just for most of us to live,derserve even more goodies than the politicians.

If you are not happy and you wish to remain ungrateful for the sacrifices the service chiefs make,then go to court!

So far they were not caught in corruption net,let them go and enjoy any plausible loot in peace.

SenatePresdo:
Withdrawal method done the right way will almost never get any girl pregnant.

But many Guys have falled victim of botched withdrawal method, which they ended up impregnating the lady.

If you are a 2-3 rounds man, after the first withdrawal don't make the mistake of entering her back even if it's after 2 hours later.
There are still residues of sperm cells resting in your penis, once you enter her back, pre sperm fluid will gladly convey them into her womb
If you like do withdrawal method the second time, you are at risk already.

Best way is, anytime you are done with the first round, make sure you Urinate so that the left over sperm cells would be killed or washed away.
If you want to go for 3rd round, make sure you urinate again.

it's better to cum outside than to cum inside when you are not ready to take her inside

Creativity

TemplarLandry:
But you ran a shady government of cronyism.
And your boy-Malami won't escape scrutiny. Boss Mustapha and Garba Sheu too.

Buhari doesn't know that what Tinubu will do is in his mind. Don't get too comfortable around Jagaban. Ę lo ko Naira pamo! Lol. Have you forgotten??

You can trust Tinubu for something else but
definitely not on anti corruption

Tinubu by nature and political association,is a man of chop I chop.

Tinubu lacks the moral capacity to fight corruption,other than the fight against his perceived enemies.Highest level corrupt politicians ,are his closest political associates and confidants.

Until we get radicals like Sowore as president,Nigeria's anti corruption crusade would remain a big joke.

The solution to any dilemma is TRUTH.

Say and act the truth and seek forgiveness.

It is better to die for the truth, than die for the lies.Now or later,death is certain!

Viigin Mariamo

What and how did the guy get there?

DAVIDMOE:
Chicken tail any time any day

You eat furo adiye?

Then, you become Olofofo

Sheistoopretty:
Money and more money

So the poor do not have long lasting relationships?

So as a woman ,you cannot make your own money and stay with a man that gives you EVERYTHING(communication,love,romance,care,understanding, support,fidelity,etc) but enough money?

De play...

Culbdome:
So why una come open am in the first place ?

Confused set of people

Is it only cars that come from seme border?

senatordave1:


How did inec violate this?

Were the Presidential election results transmitted DIRECTLY from the polling units,before collation?

This is the only debatable issue I would have pursued in court and then leave the court to decide. Then to some extent,the 25% controversy.

Other prayers sought by Obi and Atiku's lawyers ,are a disgrace to "SANhood".Issues that had been decided by various courts.