₦airaland Forum

Hotspurs:
wait oo thats true...we are suppose to debate it since we have rep

Winnin009:
I humored you and saw what I already know... child labor rsulting from illegal immigration? Neo-slavery because of illegal immigration?! SMH!!!

It still goes back to my earlier question about staying where you're exploited for nothing in return... I was geniuenely expecting to see legal migrants problem. And it's not a first world thing like you try to make it seem; its here, even in NIgeria.

Nice try!

Winnin009:
If nothing you said was a lie; the bolded part is definitely a lie.

Humor me; which hospitals do they visit for such treatments? Bear in mind that we are one of, if not the biggest medical tourists in the whole world.

So, which hospital in nigeria offers world class treatmeant that a person from the UK will leave India and come to Nigeria for cancer treatment?

More so, common sense will tell anyone with a brain that the more expensive your condition, the longer it will take to get an appointment unless of course it's an emergency.

Tunaji:
well, I reckon we would continue to explore until Nigeria gets better. Let LGAs tax property and collect taxes more efficiently, it is more money for the government. Our debt burdens are unsustainable, we need to have a timeline of say 10-20 years when we would achieve a budget surplus. So more taxes are welcomed and we need to broaden the tax bracket.

If the economy improved we would say the government has done well, and they'd get another four years - the day of reckoning is coming in three years (though it's arguable that four years are too short to see the full benefits of the economic reforms but we have to see some quick wins that signifies the morning shows the day).

Winnin009:
Bro, I dare you to tell me this exploitation you talking about other than being asked to work for a fair pay(something your elected leaders have refused to provide)

Assume I'm ignorant and help me out.

Winnin009:
So, what's your suggestion? Remain where you're being exploited with nothing to show for it; not even proper meals... Or move to where you're exploited in exchange for electricity, gas, healthcare, security, fair wages?

Bro, you tried but you made no sense. What will you say next? Move to a place where you won't be exploited?

And what's this exploitation? Working to pay your bills is what you call exploitation? Little wonder your nation is in shambles. Lol... You don't want to be exploited, right?

ThunderfireNLMO:
What is the business of IMF with internal affairs of Nigeria?

Lithiumite:
If you would own properties you must be ready to pay taxes on them!! It's simple.....govt needs money and this money won't fall from the sky,we are a poor country as it is.

What I reckon with the IMF idea is the domestication of this revenue to the local government level where it can be used for development at that level ....there are heavily built up urban areas that lack basic amenities like roads,,schools and sports facilities,health care, security even public water.....many of these communities are already resulting to some self help initiatives which are never enough to do anything but if this revenue can be pulled to develop them,it is more than a welcome development.

lucianohase:
This will result in another big problem for Nigeria which will make many homeless and will increase crime. Reason is, when u tax property owners, they will increase the price of renting out their properties, for those who have such. Then many who can't pay will be homeless. What do u expect, it will breathe crime, turn people to animals who will be easy and willing tools in the hands of all these sects since they will be told that the ruling class are their enemies. And they will start hunting innocent people and politicians who implement such policies. I pray that we don't get there, cos if we do, many people will carry sophisticated weapons and their target will be politicians. Just as boko haram have been doing . IMF should understand that the policies they have advised Tinubu and some other African nations to implement hasn't solved any problems at all, rather it has created more problems.

Quelme:
oya compare am to Nigeria

Winnin009:
So, what are you implying? That we don't work enough here? Don't people work worse than dogs here and still can't feed properly? Omo, God go really punish some of una o. A system gives her people their dues as stipulated and the best you can do is talk it down like your nation has anything to offer you.

Make your sense of that you said.

awoo47:
Why should they tax sugar? One of the biggest misconception is that sugar causes diabetes.
Type 1 is an autoimmune disease
Type 2 is caused by obesity

Quelme:
This is the reason while the UK is bae. Free NHS...

ThunderfireNLMO:
What is the business of IMF with internal affairs of Nigeria?

Lithiumite:
We know the ndi developers won't like this.....Lagos is already making so much from tenement rates but a state next door like Ogun state isn't making anything from the huge property revenue potential.

The good thing about the IMF suggestion on this is about domesticating it at the grassroot where revenues from this can be used to develop the local govts.

The International Monetary Fund (IMF) has highlighted property taxes as a crucial but under utilised revenue source for Nigeria and other low-income countries aiming to achieve sustainable growth.

In a recent post on its blog, titled, “How Property Taxes Can Help Low-Income Countries to Develop,” the IMF suggested that effective property tax reforms, especially in urban centers like Lagos, could significantly bolster local government revenues, helping fund vital infrastructure and services.

According to the IMF, global governments will need to raise an estimated $3 trillion to meet development goals by 2030, with emerging markets requiring 4 per cent of their GDP and low-income countries a challenging 16 per cent.

For countries like Nigeria, which face high revenue needs and limited income and wealth tax frameworks, property taxes offer an accessible alternative. The IMF’s findings show that countries in Africa and Asia collect only around 0.1 per cent of GDP through property taxes, compared to over 1 per cent in the OECD and up to 3 per cent in some advanced economies.

It stated: “The world’s governments must raise an additional $3 trillion to achieve sustainable and inclusive economic growth goals this decade. The cost in emerging markets equals 4 percent of gross domestic product and 16 percent for low-income countries.

How can countries finance such staggering price tags? Large cities such as Delhi and Lagos show a way forward: Taxing property more efficiently can play a meaningful role in raising revenue at the local level, allowing countries to invest more in their people, new IMF analysis shows. Previous IMF research has shown that countries have ample potential to raise more domestic tax revenue if they need it up to 5 percentage points of GDP over two decades.”

“Of course, the political challenges of such reforms are far from trivial, as recent events in several countries suggest that raising taxes can create social unrest. More efficient, real estate taxes have an advantage in this regard: by being locally collected and spent, they may be politically less challenging than increases in broad-base national taxes.

IMF also observed that recurrent taxes on immovable property could help local governments capture the wealth generated through construction-intensive urbanization, saying that generating such revenue fairly is especially important given the difficulty in developing countries of taxing income and wealth, which can be highly mobile.

It also stated that the appeal of property taxes is clear when we look at revenue raised in advanced economies: more than 1 percent of GDP on average in OECD countries, and nearly 3 percent in some advanced economies, adding that by contrast, they raise only around 0.1 percent of GDP in emerging Asia and Africa.

Such approaches, the IMF suggested, could make property taxes 10 times more effective with the right policy adjustments and technology, like satellite imagery and drones, to map properties and expand tax coverage.

The IMF analysis emphasised that property taxes, by being locally collected and spent, might be politically less challenging than broader national tax hikes, remarking that by funding public services directly and creating a clear link between local taxes and local spending, property taxes increase accountability and enable municipalities to capitalize on wealth created through urban development.

For sustainable adoption, the IMF recommended that municipalities gradually shift from fixed area-based taxes to a full value-based system as technological and valuation capabilities improve. Technologies such as geographic information systems (GIS) and drones are already in use in cities like Delhi and Bangalore to track property changes accurately, and the IMF is encouraging similar measures in Nigeria.

“An area-based approach initially, supported by the precision of modern mapping tools, can help countries transition smoothly to market-value-based property taxes. This pathway makes property-tax reform practical and politically appealing, especially when well-communicated to the public,” the body also observed.

The IMF reiterated that with proper implementation, property taxes can help resource-constrained countries like Nigeria improve local services, enhance economic stability, and foster inclusive growth, paving the way for a stronger fiscal foundation.

The Diabetes Association of Nigeria, DAN, has warned that six million Nigerians with diabetes are facing existential threat, following the skyrocketing cost of healthcare.

National President, DAN, Dr. Ejiofor Ugwu, in a statement to mark the United Nationsal World Diabetes Day slated for November 14, added that 30,000 to 40,000 Nigerians die annually from the condition.

According to Dr. Ugwu, “About 6-8 million Nigerians (5.7 percent) have diabetes. This figure represents a tip of the iceberg as two-thirds of diabetes cases in Nigeria are still undiagnosed due to lack of routine screening.

“Diabetes kills an estimated 30,000? 40,000 Nigerians annually. Managing diabetesi n Nigeria is faced with alot of challenges including a high level of poverty, low diabetes awareness, shortage of manpower especially diabetes specialists, unhealthy cultural and religious beliefs, and inadequate diabetes care facilities.

“In the past one year, the cost of diabetes medications and consumables has gone astronomically high, beyond the reach of most patients. Insulin vial for instance, which used to cost about N4,000 now sells for about N18,000, representing over 400 percent increase.

“This poses significant barrier to optimal diabetes care in Nigeria as majority of patients can no longer afford care, resulting in increased diabetes complications and premature deaths.”

On the way out, he said: “The Federal Government should as a matter of urgency, subsidize diabetes medications and consumables to make them more affordable to the teeming population of people living with diabetes in Nigeria

“DAN recommends complete tax waiver in importation of diabetes medications and consumables

Sugar sweetened beverages tax which was stopped in June 2024 need to be revived and there should be legislation to channel the funds accruing from it to diabetes and related non communicable diseases prevention.

“There is a need for a well conducted national survey on noncommunicable diseases as soon as possible. This will provide accurate data to guide health care policy making,” he added.

nedu666:
Don't you get tired of blaming jews for every problem. Na so craze dey start