₦airaland Forum

yommen:
You are more ignorant Sir. The guy you replied asked if the transmission line can accommodate 10,000mw successfully but you insulted him of ignorance only to show us how 4,200mw is transmitted. Does 10k sound like 4.2k? Are you sensible at all? Is the transmission infrastructure actually capable of transmitting 10,000k across Nigeria? It will obviously most likely collapse still. Me now wondering what is the result of all monies spent by OBJ to GEJ to Buhari on power!!! Little time, some people will praise some politicians over others.

I hope you know posts here are editable?

RealLordZeus:
A mistake, the intention was 10k not 1k.. but you chose to bare your frustration on me

Apologies, since it's an honest mistake. I abhor both misinformation and disinformation.

RealLordZeus:
Can the current TCN infrastructure transmit 1000MW successfully without loading shedding

Your question reeks of stark ignorance. Here is a link to cure that ignorance: https://niggrid.org/DisCoLoadProfile.

vanbonattel:
Suffer no dey tire DSS?

How much be their salary for them to prevent the removal of one man who is backing a druggie who is torturing 230 million people?

How exactly does the removal of the senate president ends suffering of the masses?

Kukutenla:
But the Nigerian constitution never gave LG autonomy neither did it list them as federating units. LGs do not have any role in amendment of the constitution nor in carrying out state functions.
What Tinubu and his fellow journeymen at SC did was to use illegality to cure illegality. Well, like I said then, illegality will come full circle. If the FG really wants the LG to function, they know what to do. But of course, the FG does not want to lose its sweets while its chooking eyes into another's.
That's what bred this. Soludo even tried by codifying it into law. Yaya Bello was in the habit of doing this exact same thing when he was governor without any law.
So you're only complaining now because it is being done officially

This is why I think it’s stupid to abuse, insult and malign any politician because people in power = people in society.

banku:
Soludo has never failed in any responsibility he assumed.

I may disagree with him on this on principle because I want the local governments to be autonomous but we all know Nigerians will abuse the power of the purse. In a country where every allocation disappears, we will be creating more looters without State oversight.

The weak Federal oversight of the States is an example.

Local and State governments can still obey the Supreme Court on principle. Money has reduced Nigeria and Nigerians to abject poverty.

Nigeria is a good example of deluged foreign income turning our politicians into drunken sailors.

Based on your logic, which is worse: having a single person (the governor) abusing power, or having multiple LGA chairmen without immunity misusing power that the governor could have abused?

On most metrics I’ve seen Peter Mbah seems to standout appears Enugu people made the right decision.

Maj196:
Adelabu werey

But why? He’s the best minister IMHO

codemaniacs:
winnin009 is correct...

if you have a university degree then go and return the degree.

you're an illiterate...

Thank you for your unkind words. Now go to your bank branch and ask about Bankers' Committee. You should learn a thing or two.

Zooposki:
I believe personal income should not be taxed, as we already pay taxes as VAT on everything. It amounts to double taxation.

You might consider relocating to a country with zero income tax, such as the UAE. Additionally, it's worth noting that VAT does not apply to essential goods like food, healthcare, and education.

Zooposki:
BVN and NIN are ok for personal accounts. Tax ID for business accounts. Moreover we already pay stamp duties, VAT etc. etc. The petty petty income coming to personal account should not be a source of concern to the government.

I believe that the National Identification Number (NIN) should align with the Tax Identification Number (TIN). I've stated multiple times that the government is not targeting the impoverished, unless your definition includes anyone earning over N25 million in a country where individuals with an annual income of N1.2 million are still subject to taxation.

Winnin009:
LMAO! You must be one of the illustrious olodo when you were in school. So, the government wants the info of all bank customers; shey na Teachers council dem go collaborate with ni?

So because you saw "in collaboration with Bankers committee bla bla bla, it means it's a private asset abi

I don hear. It's not a government asset. It belongs to the Bankers Committee of Nigeria.

As you may have noticed, I don't engage in insults. Just to clarify, the BVN and NIBSS—(essential for enabling instant transfers)—are not government assets.

Winnin009:
SMH.. It's not a government asset but it was introduced and currently managed by CBN. Is the CBN a private enterprise my bro? The BVN was the CBN's directive on behalf of the government to introduce new KYC features to safe guard customers and track transactions.

Like i said bro, please stop. It's becoming embarrasing.

Stop exposing your ignorance. Look up: Bankers' Committee of Nigeria.

Arostar2023:
Norm for where? In most sane climes it's your social security number that is required, at most, for financial transactions. Not tax ID. You guys should stop supporting madness and wickedness

For heaven's sake, an SSN can be issued at birth.

Zooposki:
That’s why you should have a business bank account.

Many Nigerians use savings accounts for business transactions. Shouldn't everyone with an income have a tax ID?

mikeapollo:
So students who need to open a bank account should also get a tax ID? You people are sick?

As with all laws there will be exceptions

Winnin009:
Still not necessary for the reason you gave as the government already has access to BVN database that's directly linked to our accounts. Bro, you might as well stop now. There's no reasonable defence for this.

The BVN is not a government asset; rather, the NIN and TIN are. If you are a poor person this is not something to worry about but if your transactions flows exceeds 25M then you have been ripping the government off the needed taxes but not anymore

Zooposki:
Yes I have, but all they require is your Social Security number, not Tax ID, and it’s left for you to report it. Moreover PayPal is not a bank. They also delineate between receipt of money from family/friends and sales.

Exactly If neo-bank should require that what should expect from a traditional bank?

Winnin009:
Bottom line is it's not needed. Normally, if our systems were properly integrated, we don't need anything more than BVN. It has all our biological info and what not. The BVN is more than sufficient to track, record and even provide further oversight on whatever bank account or transaction. The tax ID is more often for the company or business and not even the person that owns the business because with the person's SSN, all shits (good or bad) are availabe and that includes taxes paid... The Tax ID makes the business an entity and eligible to pay tax as the business isn't a human that can be issued an ssn

While I see your point I do not agree with you as I think every adult with a capacity to receive income/inflow should have a tax ID which can be used to effectively managed the automatic stabilizers like transfer payments (Direct cash transfers to citizens).

Zooposki:
PayPal does not require a Tax Number to open an account.

I am sure you have heard of the $600 transaction threshold

redcliff:
Business account. Payoal wont ask you for Taxid to open a private account.

Do you agree Nigerians use personal accounts for business transactions?

Congrats to Lagos & lagosians. I hope compared to road transport this is cheaper!

RodgersAkpafu:
your last paragraph has to be a joke right?

Joke? I’m dead serious —what exactly is anyone doing with physical dollar in Nigeria?

Winnin009:
Don't be silly. You shouldn't need a tax ID to operate a bank account as not everyone operating a bank account has a taxable income. Na companies and small businesses dey require such.

Fair point but tracking or recording a transaction is not same as taxing the customer or is it?

redcliff:
There is no bank elsewhere in developed countries where you need a taxnumber to open a bank account.

You should ask PayPal for starters—except you’re saying KYC is a Nigerian thing.

RodgersAkpafu:
how is it supposed to be the norm ?
Even the UK that is notorious for taxing you to your jugular will not propose such a draconian policy

Nigeria has a huge shadow economy
how will you drive financial inclusion with this kind of policy ?

What’s draconian about attaching tax identification to bank transactions? It’s that same shadow economy that’s responsible for the corruption and insecurity we’ve been crying about. Remove the shadow and bank the unbanked; it’s improves security too.

Let’s embrace transparency; we know for a fact no business with revenue less than N25m will get taxed. Or what do you have to hide?

One last thing the CBN needs to ban all cash dollar transactions within the country. Everything must go through the bank!!!

This should be the norm except that our people don’t like accountability.

it mandates that each LGA must remit a state-determined percentage to the consolidated account within two working days of receiving their allocations. Meanwhile, Section 14(4) outlines that if the state receives the LGA’s allocation on their behalf, it must deduct the specified percentage before disbursing the remaining funds to the LGA.
Two-Factor Authentication (2FA)

They might have a case here but their main motive is too obvious

UltraSolid:
Bro, no need for long talk. State where you live and let those who live there back or shame you here and now. I can tell you I live at Lekki phase one off admiralty way. Let my nairaland neighbours come and state their street and deny my claim power has improved to the best it has been since 1999 in our part of Lagos if I am lying.

My folks in Surulere and virtually all parts of Lagos confirm same.

That's how these things should be done. Noot making emptily garrulous claim no one can verify or deny. Name you State, LGA and street if possible make we check.

You’re correct! But the question the OP needs to answer is how many a band feeders have been added since the start of the new pricing?

atiku4President:
We shall see who wins. I think every Nigerian should support whoever our very own son, Adesida is supporting. South Africa should not be allowed to smell that seat for obvious reasons. We know they don't value their women, therefore, for them to put forward a woman for the highly prestigious job of an AfDB president means they are taking Africa for ride.

No way if there an agreement in place Nigeria must honor her word.