₦airaland Forum

Savedday2:
The truth is that , Wike supported Tinubu in 2023 because, he was hoping to replicate how Tinubu was able to establish himself as the undisputed godfather in Lagos state.

But what he didn't understand is that the kind grace and leadership style that Tinubu has , he didn't even have 5% of it. He was seriously hoping that Tinubu will understand him and help him to become the godfather of River state.

In my humble opinion, he should slow down, talk less, stop being boastful and stop picking up more fight most especially from his home front.

There is no way he would have ended like Tinubu in Rivers State. He engage in too many avoidable fights at the same time. The moment he started working for Tinubu while still in the PDP he lost it completely. It would have been better if he had decamped to apc before or immediately after Tinubu victory, the likes of Fubara would have followed & queued behind him. Even if he decide to move to APC today, he will queue behind Fubara.

He misfired by remaining in PDP to be doing the dirty work for APC. Now he has destroyed pdp & he is not in APC. Even if he move to APC today, they will not regard him & most of the APC leaders wouldn't want to associate with him. Tinubu came this far because he was loyal to one party, Wike is not even in any party officially, who will take such a person serious? Tinubu was leader in APC for years without any official position, if Wike should lose his position as fct minister today, he is finished! The only thing covering him is just that office.

Burob:
Leader of APC in the state with mouth, na so e easy? Tinubu tried his best for the man, the APC Rivers state controlled house of assembly will impeach him now, those assembly members still remaining in the Pdp can vote against it, or support their fellow house members in the APC since the Judas governor betrayed the Pdp.

Who will impeach who?? Lol
You think if Tinubu & APC national caucus didn't want to work with Fubara they would accept his membership? Accepting Fubara into APC without consulting with Wike should tell u the position of the party. Wike has lost this fight. Before now he for use presidency take pass him message, but u can see he is now going to local govts.

Mariangeles:
Fubara is gradually growing balls.
He finally found his voice.

Fubara has never been a coward, just that Wike has been using federal power to fight him which can subdue any state governor. If something bigger than u is fighting u, the sensible thing to do is to retreat. Now that he is in the APC, they now have a level playing ground to settle their scores without one party using federal influence.

Neurotika:
Most people complaining about the tax law clearly haven’t read it, especially the provisions on personal income tax/PAYE. The arguments flying around are not just wrong, they reveal a worrying level of intellectual laziness.

If you are not seriously wealthy, and by that I mean earning above 200m annually, this law is not even your problem. There’s no significant difference in your tax payable below this income bracket.

For anyone below around 20m annually, your tax payable is even lower compared to the old law. This is not a matter of sentiment or politics. It is simple arithmetic. Apply the same income, factor in all statutory deductions, run the numbers under the old law and the new one, and compare the outcomes.

That is not to say the government should not be held accountable. There are real issues to challenge even under the new tax act. But those conversations only carry weight when they are grounded in facts. Otherwise, we are just making noise.

I watched a video yesterday by one DonAza, a popular YouTube analyst, and the analysis was frankly ridiculous…and It shows how distorted this conversation has become.

We need less outrage and more literacy. Read the law. Do the maths. Then talk.

Happy new year everyone.

Regardless of whether it affects the rich or poor, government shouldn't be talking about tax in any form now! Is this government all about tax? It's been tax! tax! Countless banks deductions for one form of tax or another especially at night ever since this govt got into power & nothing has improved! These things we never experienced in previous govt. Borrowing has increased after subsidy was removed! You can't blame the people because we don't trust the govt. There is no transparency in this govt. Not after all the distortions & manipulations that have riddled this new tax law. Previous monies are never accounted for. Whatever affects the rich still find a way to get to the poor through inflation. Nigerians are angry!

Love800:
What's the difference between fixed deposit, mutual fund, government bonds, treasury bills, stock market, equity fund pls?
Are all of them the same thing?

*Fixed deposit: money u keep for a specified period of time to yield interest.
*Mutual funds has many options, but it still keeping money to yield interest, but not for a specified period.
*Government bonds are govt instrument u buy to make profit which are distributed quarterly.
*Treasury bills are almost same with bond but the interest is not distributed quarterly. Both Treasury bills & bonds are usually for a specified period of 6 months to 1 year & 2 to 3 years respectively.
*Stock is buying & selling shares of company.
*Equity fund is a type of mutual fund that also involves trading stocks by the company u invest with.

Love800:
Where will i go to buy dis gold?
Can you describe everything. How will i gain in this?

Gold is like land, u buy & wait for it to appreciate. You can either buy online or physical gold. But I think it better to buy online to avoid buying fake physical gold.

Preator:
I dont really know what the furore around the new tax law is. The law is mostly targeted at the rich and comfortable. Almos lt every poor nigerian will either pay no tax or experience reduction in tax. If you are impacted by the tax law, it means you earn well by nigerian standard(circa 20m a year)

The electronic money transfer levy is not a new tax. They just shifted the burden from receiver to sender. So no vendor should ask you to add N50 to any transfer anymore since you will be paying

I knw there are some fears around the indirect taxes but even those do not impact the masses. Na all of una with millions in Capital and money market the guy is asking to pay more 😂

A tax net that starts from an annual income of 800k is targeted at the rich & comfortable?? So why didn't they start from 20m?? Where are the CNG vehicles that govt promised to distribute immediately after fuel subsidy was removed? Is everybody not buying the fuel now? Like I said alot of Nigerians have made peace with their chains, so there is no point wasting time on nonsensse debate.

Donbrig:
This tax issue is gonna push Nigerians to the wall, I am worried of what is ahead of us..... Massive taxation of citizens is one of the conditions World-Bank, IMF often give our goverment before lending them money, we saw how it played out in Kenya. The issue is not the tax, but a govt mismanaged system that doesn't function...

The luck our leaders have is that Nigerians are very docile people & have made peace with their chains. The tax issue that led to the bloody demonstration in Kenya was not this bad. Barely 2 years subsidy was removed, our leaders no allow Nigerians breath, they introduced another tax. A considerate president would have at least waited for second term before introducing any form of tax. Considering the negative impact fuel subsidy removal had on Nigerians. After fuel subsidy removal, borrowing increased. Highest is 2027 they will bring another one after income tax. Our leaders have no conscience!

EquityM:
If you have a domiciliary account, you can only pay in USD if you go with CardinalStone, so I recommend Norrenberger, as they can source USD for you in the naira rate. However, you can open a Sterling USD account online, but just stick with Norrenberger.

@bold are u saying one can pay to Norrenberger in naira & it will be converted to dollar? I thought they said payment must be through dollars?

Bizibi:
the leakages in the system is too much. From those in Villa to nass to MDA to states to local government..... federal level have its leakages,state level is the worst. REVENUE GENERATION IS NOT NIGERIA'S PROBLEM.

The entire system is corrupt!
From top to bottom
When a container has too many leakages, it can never retain water. The issue has never been about revenue generation but corruption. Where is Abacha loot that was returned to this nation? Nothing is ever accounted for. Once they see Nigerians start coping with this income tax, they are coming up with another one, it's barely 2 years subsidy was removed, highest is 2027.

Bizibi:
swear that government officials will not continue stealing taxpayers money. My main issue is the corruption and impunity from those in high places.

Don't mind him
2 years after subsidy removal there has been no single impact on the life of an average Nigerian, apart from the endless borrowing & looting. Now they have come up with income tax because election is around the corner, they need more money for rigging & someone is talking about misinformation & ignorance. If we had accountable leaders, people will gladly pay 30% on income tax, but knowing fully well these monies will end up in the pocket of our politicians & their children makes it a very hard thing to do.

synoble:
Hi Stanbic folks.

I intend to topup my Stanbic mmf account using the UBA collection account and my unique ID eAccount reference. But I intend to use an opay account not the traditional/standard bank account I filled in for withdrawals and I used to pay in when I made the initial capital funding into the mmf earlier in the year.

Hope the opay funding will not complicate issues ?

I thought Stanbic ibtc sent virtual individual account for top up to subscribers without using your eAccount as reference?

kpakpakpa:
This man is slowly becoming desperate for my liking.
I don't see anyone winning in 2027 but Tinubu, if you like you can continue spending your looted money upandan

If Obi is becoming desperate, what will u say about Tinubu?

Beremx:
He didn't die in the crash so why won't he fight? What you should say is he'll never visit Ogun state again

Are his parents in Ogun State?
The way the guy frequent Nigeria was really much. Sometimes I do wonder what interest him so much about Nigeria.

pluto09:
It is unfortunate that many who are opposed to the new tax law are doing so because of ignorance, misinformation and politics.
Asked them how the law will affect them negatively and you'll get nothing concrete.

There is nothing like misinformation or ignorance, tax is tax! There is no way it will benefit the citizen in a country where govt account for nothing! Previous monies have not been accounted for, this will be no way different.

molas02:
How is this a news. Abi no be the 50 they have been deducted for the past month?

It is news because they were only deducting for receiver. But from tomorrow, they will start deducting another 50 naira for sender, making a total of 100 naira stamp duty.

Lanretoye:
don’t apply undue sentiments to everything that you do t support,we should educate and inform ourselves and not spread useless misinformation to make your mischief.the 50 naira charge has been for some time now only that the receiver is charged,for example when you send 10k to someone,the person willl receive the 10k and also get a debit of 50naira or sometimes will receive 9950.done feign ignorance of this

Now both the sender & receiver will be charged. Adding additional 50 naira.

jmoore:
The main point here is the sender that will be charged starting from Jan 1st 2026. Previously, it's the receiver that gets charged.

No, now both sender & receiver will be charged. Making a total of 100 naira stamp duty.

mascot87:
Is this one dreaming? N50 on every N10,000 that I have been constantly charged for over 5 months now

They were only charging for receiver before now, now it is both sender & receiver.

Throwback:
Neither Atiku nor Peter Obi can defeat President Bola Tinubu.

Their best chance to defeat him was in 2023. That ship has since sailed.

Don't say that, Obi with the backing of northern support will defeat Tinubu. Not with the way APC is ruling the nation. Tinubu implementing this tax law just 1 year to election is a very wrong move. He should have waited till 2027 after the elections. When the effect of the tax start affecting Nigerians which will be very close to election, they will express their pain through voting.

hope4nigeria:
😂😂😂😂, me sef shock, I was trying to remove # sign and put dollars, but d thing no gree, even street boys sef go Vex say #100k pa na for chicken?

Your moniker says hope4nigeria, but u want state governor to dole out 100k dollars to lawmakers for Xmas bonus?? How much was given to civil servants in the state?? Na so them dey share $100k for foreign countries? The problem of this country is not just the leaders, but more of the people. There is something fundamentally wrong with us as a people, we so much encourage wasteful spendings & wonder why our leaders can't work. There is actually no hope for this country.

AMINDA:
If Wike continues like this, Tinubu will panic and throw Fubara under the bus. Tinubu only cares about Tinubu. Every other person is dispensable.

You got it wrong, it is the other way round, Wike will be the one to be thrown under the bus. Wike is no longer the governor, Fubara as the sitting governor has higher chances of delivering Rivers to APC than Wike. Most of the APC governors are already behind Fubara. Fubara is ready to work for Tinubu and the party, but Wike pushing this fight further is no longer for the interest of the president & party, but for his personal interest. The party's interest overrides Wike interest. If APC don't need Fubara, they wouldn't have accepted his membership in the first place.

So is Gokana the whole of Rivers State?
The vice president has clearly stated the governor of any state is the leader of APC in that state. Wike is not a member of APC, why will someone in APC pass through him to win a position in APC? 2027 no far again, time shall tell

pook:
You can buy it with a Trading account (Broker account) but buy it when it's testing a zone for a push up.

I think this is not a good time to buy

benpedro:
Your 3m lost value. As at 2020 a dollar to naira is about 400. Therefore the 3,000,000 you had was equivalent to 7500 dollars. Today you have 7,000,000 but dollar is at 1400. The equivalent of your 7,000,000 in dollars today is 5000 dollars. You lost 2500 dollars during these few years.

Cc MrSamsung

MrSamsung:
Whether he invested in naira or dollar it doesn't matter as long as it is gold.

Please just do a simple google search to get the AMOUNT(very important) he should have gotten no matter the currency, even if you want to use Zimbabwean currency in the research no problem

No it matters, as at when he invested in gold naira was around 300/400 to a dollar, while dollar remained kind of stable, naira suffered a serious loss from mid 2023 till now. If he had converted that money to dollar before investing it in gold, he would have gotten a lot more by now. What 3m can get in 2020, 7m can't get it now, but what 5k dollars in naira equivalent can get 2020, 2k dollars or less in naira equivalent can get it now. Any assets trader will understand how these things works.

MrSamsung:
He didn't lost because he invested in gold, no he lost because he was cheated on the amount of oz of gold he supposed to have gotten. Though I think he has not realized that.

No he was not cheated, the thing is naira lost value & he invested with naira not dollar.

gift2xl:
He shouldn't have apologizes, just keep mute.

That him apology has given the lady more power. I just feel he is guilty of most of the things the lady said, reason he apologized.

This Wike never sleep ever since Fubara decamped to APC.

fuckboys:
Dude just buy Gold.

Gold i bought for 3m in 2020 is worth 7m now.

What channel did u use to buy the gold?

Cc PinkStarsFallIn
This is best advice for u

Kukutente23:
The problem with you folks is that you conjure up things in your mind and take them for reality only to end up disappointed when reality hits you
Go back and read what he said. He said he has taken the issue of automatic ticket up and it's obvious the response he got favoured him if not he won't be saying it publicly.
Mark this down. Amaewhule will contest for APC ticket and he will win

You are the one conjuring things in your head
Wike is bittered Fubara outsmarted him by decamping to APC, but he forgot what is utmost to the president is his second term reelection. What ever personal issue Wike has with Fubara is of less concern to Tinubu. If Fubara has agreed to work with Tinubu & even decamped to apc, Wike should eat the humble pie & let this slide. Pushing this further will mean challenging Tinubu & the party, believe me it won't end well for him.