₦airaland Forum

Taiwo Oyedele, chairman of the presidential committee on tax policy and fiscal reforms, says his committee has no objection to the newly proposed value-added tax (VAT) sharing formula by the Nigeria Governors’ Forum (NGF).

Oyedele spoke on Saturday at The Platform, an event organised by The Covenant Nation to facilitate national development.

On January 16, the NGF backed the proposed tax reform bills currently at the national assembly.

NGF also proposed a new “equitable” sharing formula for VAT.

The development was an outcome of a meeting between the NGF and the presidential tax reform committee, convened on January 16, to deliberate on critical national issues, including the reform of Nigeria’s fiscal policies and tax system.

The Oyedele-led committee had proposed a VAT-sharing formula of 20 percent based on equality, 60 percent based on derivation, and 20 percent based on population.

The northern governors opposed the VAT formula, saying it was not in favour of their region, hence the national assembly should reject it.

However, after the meeting with the presidential committee, the NGF proposed a revised formula of 50 percent based on equality, 30 percent on derivation, and 20 percent based on population.

Addressing the decision of the NGF, Oyedele said reforms anywhere in the world are not just about what is technically correct, as political considerations are also factored in.

“You also need to consider other things, including political considerations, and so once the governors proposed their formula for sharing the VAT revenue,” he said.

“We have no objections to that, because, at the end of the day, if you need to move one kilometre, you don’t have to move all of that at once; you can’t even jump one kilometre at once.

“Maybe sometimes you need to just move gradually. You know, you take a breather. You reflect, have more data, and then you move again.”

‘VAT-SHARING FORMULA WILL AFFECT ALL SECTORS’

According to Oyedele, the proposed VAT-sharing formula will affect all sectors of the economy.

“All sectors will be positively impacted, particularly agriculture and manufacturing, as well as industries generally,” he said.

“We also have a provision in those tax bills where we call them priority sectors. And there’s a priority sector incentive, you know, power generation, innovation.

“So I’ll say, even if you’re not going to look at everything in that bill, go and find that section where we have those sectors.

“It’s a pointer to you about where the government wants to redirect the incentive regime.”

On October 13, 2024, President Bola Tinubu asked the national assembly to consider and pass four tax reform bills.

The proposed legislations are the Nigeria tax bill, tax administration bill, and joint revenue board establishment bill.

Tinubu is also seeking to repeal the law establishing the Federal Inland Revenue Service (FIRS) and replace it with the Nigeria Revenue Service.

mubarak89:
Hi NLanders.

Please what drugs can I take to grow a bit fatter?

I am too skinny and I dislike it.

Any helpful advice will be much appreciated.

0xebuka:
I don't even know about morning erection, I'll check it tomorrow, but I don't get too hard watching porn, I have to do a lot of stimulating to get hard, what about you, do you have morning erections and do you get hard to porn?

dacool1:
Does anyone know the previous sharing formula?

Philistine:
Gets what? Some of you are just too gullible. 20% was allocated based on population. Is that what you call Tinubu gets what he wants?

internationalman:
Yes push up is very effective, so is squatting and cardiovascular exercises. Just stop porn, masturbation and anything that can make you ejaculate for as long as you can. I would recommend 2 to 3 months and see if your morning erection doesn’t return strong and long lasting.

@The pain and burning sensation you feel around your groins, I still feel it’s the side effect of porn and masturbation as they do come in many different ways depending on the individual. In my case I was having ankle and waist pains.

But get tested for any infection to be sure you are free of that.

phemray:
Ok so Na governors proposed the bill. Dey play

ofuonyebi:
This man called Jagaban can always find his way out of the mix
it is a very uncommon unique attribute of the bullion van leader to get all on board
some may argue that he have not done well to satisfy all but for this so called tax reform
i say kudos at lease to bring the rich to answer for the long years of tax evasion

99thEnemy:
The core North won't like this at all.

---

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internationalman:
Whether y’all believe it or not masturbation and porn especially are the problem. I have been there before. Go to YouTube or nofap on Reddit and see people whose cases were worst than yours tell their success stories from quitting porn and masturbation and allowing their brain to rewire.

If you are addicted to just masturbation alone, it will take you less than a month to recover your rock solid erection when you quit masturbation. Masturbation in my experience is not entirely bad if not done excessively. But if done in excess, the muscles and nerve endings in the d!ck could get weakened due to excessive strain on them while beating your meat and can easily get healed when you quit masturbation. You can build the muscles speedily with kegel exercises or any other exercises that focus on building the muscles in the lower parts of the body.

Porn on the other hand affects your brain psychologically. The brain as you know controls every other body parts of our body including your d!ck. Just search Porn induced erectile dysfunction (PIED) on YouTube you will get varieties of topics of recovered porn addicts speaking broadly on it.

The good news is that our brain is like an elastic material; no matter how stretched, it usually returns to its normal state ( this is a phenomenon known as the neuro plasticity of the brain).

Just quit Porn, Masturbation and orgasm for some time say 2 months. Then during the third month, start hooking up physically with the normal everyday girls in your life to rewire your brain. During this phase, there’s going to be a lot of disappointments and huddles in your sexual performances but do not fret nor relent as you will smile soon at the finish line.

Thanks.
ItsTutsi

JAMO84:
Anything Tinubu wants, Tinubu gets.

Master strategist

NOETHNICITY:
Hope Ndume and Zulum have been enlightened

Lovenorth:
Read their communique of yesterday , and I am now in support . Lovenorth forever

0xebuka:
I feel it is because I don't have any testosterone at all,so yes it can be an infection or a malfunctioning of the pituitary glands

Ijaya123:
Please where and when did Tinubu agreed to their terms?

Obaofaba:
Give it Tinubu, that man can make you eat your vomit.

Where are all those northern elites criticising the reforms?

temitope27:
Tax reform bill has come to stay


Olodumare bless ASÍWÁJÚ Bola Ahmed Tinubu

phemray:
This is the reason jagaban is well and generally accepted by well meaning Nigerians. Sincerely, it's not the fault of Those that didn't know Tinubu as a hard decisions taker and achiever.

Strategizing with others;

1.He Faught military to install democracy by force in Nigeria. then, military was not willing to go.
2. He Faught Many political battles in SW to put Lagos on the prosperity lane.
3.he formed a national party to unseat a sitting president for the first time in Nigeria.
4.he Faught Many battle to win elections and become president.
5. He is fighting to reform Nigeria for prosperity and he is winning all his obstacles.

No be today, Tinubu will not fail.

Epistasis:
Bola Ahmed Tinubu, the man, the leader!!!

For the first time, we have a leader that will never bow to pressure from the northern oligarchs.

On your mandate, we stand, Bola!

free2ryhme:
Some northern governors initially criticized the tax reform bill but are now backing it, likely after seeing its potential benefits. The bill has gained momentum in recent weeks, with many realizing it could help boost the economy and create opportunities for Nigerians.

Obaofaba:
Give it Tinubu, that man can make you eat your vomit.

Where are all those northern elites criticising the reforms?

kunle4toyeyaho:
Nothing like fear. That's the power of consultation. Mr. President convinced the Governors on why the tax reform bill should be supported.If he doesn't have the support of the Governors,the bills would not be passed at N/ Assembly.

0xebuka:
my own problem is having a normal erection is very difficult for me and I don’t even feel Hot / have any sex drive . I can stimulate myself through masturbation tho and have an rection but even stimulating through masturbation takes some time and it is not as easy as it used to be

0xebuka:
hey have you gotten a solution to it or has it stopped , i am having a similar issue right now sex drive is down and idk what is causing it

internationalman:
Exactly how my erection was. Even if I managed to have it, it was usually always soft and went completely soft whenever I tried to penetrate. It was a shameful experience

internationalman:
@ ItsTutsi

See let me tell you from experience, I had erectile dysfunction that would make your f
case feel like a child’s play. I was a chronic masturbator and a heavy porn user. Forget all these remedies everyone keeps giving you here, they won’t work if you don’t tackle the root cause of the problem.

You don’t need any drugs or herbal medicines of any kind. What you need is a very vigorous physical exercise like heavy weight lifting and sprinting. You also very much need to do any cardiovascular exercises (running, jogging, skipping, swimming, pushups etc) that tend to make you breath as if your heart is going to jump out of your chest. While doing these exercises, make sure you abstain from porn, masturbation and orgasm. As a matter of fact don’t have sex at all. Do all these for 2 to 3 months.

If you can successfully do this, I swear to whatever you serve your ED problem would be solved; that’s assuming there’s no other underlying health issues at all. Like I said before, I’m talking from experience. No matter how severe you think your ED problem is, mine was four times worse.

munezo:
There is a drug/supplement called REVIVE. Buy it and take it morning and night for two days and you will thank me later.

It is very expensive right now, it is between N11,000 and N15,000.

newoffer:
I purge recently. I mean detoxify. Eversincee na hard rock I get ooooo. I stop taking sugar and other stuffs

lucane123:
First of all, the go and run Lab ensures you do not have an infection, the infection can make have serious erectile dysfunction.

Secondly, after that is done, take testerone supplements, and supplement that boost mens libidos and regulate blood Flow to joysticks.

Thirdly avoid stress, anxiety and stop thinking a lots, stress is also a major factor of erectile dysfunction,

Lastly sleep well, do kegel exercises, and stop masturbating. Do this and thank me later.

What you are going through is exactly what happened to me few months ago,

But I'm fine now, dnt be depressed the good part is erectile dysfunction is treatable...

MrJames007:
If you're not married, rest.

kindmman:
Please avoid Vega or any other sex-enhancing drugs and stop masturbation if you are doing it. I had similar experience few years ago that I never thought I could ever father a child. Thank God today, I am a proud father of two wonderful children and my sex-drive is just so good.

Kingsleystunner:
Same here boss na just normal process and you go get your self back
Go treat wetin dey cause am and u go get your self

mirrael68:
Are you married?

bennynaza:
Buy Viagra like 2 packets.
There is 4 in each packet.
Break each tab into two and take one daily for one week.

Note;
Don't if you have an existing heart condition.

P.s stop watching porn

KosiGee:
How old are you? Do you have any other medical condition? Do you have heart/cardiovascular problems?

lucane123:
First of all, the go and run Lab ensures you do not have an infection, the infection can make have serious erectile dysfunction.

Secondly, after that is done, take testerone supplements, and supplement that boost mens libidos and regulate blood Flow to joysticks.

Thirdly avoid stress, anxiety and stop thinking a lots, stress is also a major factor of erectile dysfunction,

Lastly sleep well, do kegel exercises, and stop masturbating. Do this and thank me later.

What you are going through is exactly what happened to me few months ago,

But I'm fine now, dnt be depressed the good part is erectile dysfunction is treatable...

sirblend:
Hello Sir!

Good afternoon!

You didn't state your age...

AliEzeOlu:
Aside the Agbo Jedi, this is exactly what I did when I suffered ED. After about 2 months, I invited Becky to my crib and knacked her all night long.

Babe said I was on drugs