₦airaland Forum

when i saw this post I made up my mind to comment!
i don't want to hear that money was not provided or gotten to build road from these people. question your governor if after this loan you can't see any tangible or constructed road after his tenure.

Buhari promised Train we can see it

what year?

where are you located

2.750?

pls how much is the RX beside it. thanks

How much? If u can take 2.4-2.8m rpl

165 km Girne - leftkosa

teadrake:
Sent!!

Bro pls I will appreciate it, if you can send the study pack to my mail. Mare23ayo@yahoo.com. thanks much.[/quote]

.

2.350m..., from Elewura challenge.

You read on one post two died while on board for substance intake, another set of 6 caught trying to sneak into India illegally
Sigh....., will you people just stop already!!! its infuriating

We get it the country isnt good! If you gonna migrate do it legally and stop bringing shame to the whole Nigeria.

bigdeals:
grateful

if u agree, 2.8m at Oluyole right now

limeta:
House boy

must you be negative?

welcome development

OneCorner:
We galant. Make d soldiers bring their best, dem go meet us gidigba

You see the problem now, U pple don't learn, repeat the same mistake like ur fathers did n u will pay the price but then don't go crying to international community abt how they are killing ur people.

bkool7:
Nigerians We make life difficult for ourselves and turn around to blame govt

Pure truth! Had to login after a year to rpl this! we are not ready Nigerian

[quote author=bkool7 post=77373085]Nigerians We make life difficult for ourselves and turn around to blame govt Pure truth! Had to login after A year to rpl this!

anyone for 2.5m?

I will start by asking a question and then proceed to answer the question.

Q: What are the revenue collection agencies of Nigeria?

A: Nigeria has many Revenue Collection Agencies, but the major ones are: FIRS, NCS, DPR, Others (NPA, NIMASSA, JAMB etc).#WhereIsTheBalance?

FIRS - Collects the following taxes on behalf of the Federal Republic of Nigeria. - Company Income Tax (CIT)
- Petroleum Profit Tax (PPT)
- VAT
- Personal Income Tax
- WHT
- Education Tax
- Stamp Duties
- Capital Gains Tax
- NITDF Levy

Nigerian Customs Services
- Custom and Excise Duties.

Department of Petroleum Resources (via the NNPC)
- Royalties on Oil Producing fields
- Rent accruing from awarded concession
- Gas flaring penalties.

Others:
- NPA
- NIMASA
- JAMB
- Stolen Asset Recovery's
- Dividend
- etc

#WhereIsTheBalance?

Q: Where is the revenue collected by these agencies paid into?

A: They are paid into the Federation Account from where a committee known as FAAC meets monthly to divide it among the Federating units in accordance to the revenue sharing formula.
#WhereIsTheBalance?

Q: What is the sharing formula used by FAAC?

A: The sharing formula is
- FG: 52.68%
- States: 26.72%
- Local Govt: 20.60%
- There is an additional 13% derivation paid to oil producing states from oil proceeds based on the derivation principle.

#WhereIsTheBalance?

Q: Does it mean that all revenue are shared in accordance to that formula?

A: No. The VAT collected by FIRS and paid into the Federation Account is shared with a different formula.
- FG: 15%
- States: 50%
- LG: 35%
#WhereIsTheBalance?

Q: How much did d Federal Republic of Nigeria earn in 2018?
A: We don’t have the full figures, but from public records, we can estimate
FIRS – N5.3 Trillion
NCS - N1.2 Trillion (Prorate from claim of N800B collected as at Aug)
DPR - N7 Trillion
Others - N500B
#WhereIsTheBalance?

Q: What is the estimated FG share of this amount?

A: First, let’s back out VAT. We know that out of VAT of N1 Trillion, the FG collects 15% which is = N150 Billion. 2ndly, we need to back out the 13% derivation from oil proceeds as well as other deductions.

Using the basic rule of the thumb, from an estimated revenue of N14Trillion, we can estimate that revenue available to the FG can't be higher than N6.5Trillion. Even this is generous just reflecting on 2018 budget performance figures.


Breakdown Of The 2019 FGN Budget ProposalThe Nigerian economy emerged from recession in Q2 2017, and the macroeconomic environment has stabilized and is recovering gradually. This has renewed confidence in the country’s growth prospects.

#WhereIsTheBalance?

Q: And the N9 Trillion Budget?
A: The N9 Trillion budget is the budget of d Federal Govt of Nigeria and not the Federal Republic of Nigeria. This means that the FG can only budget on its portion of federally collected revenue & not total collect-able revenue.

Since we estimate that the maximum revenue available to the FG would be N6.5 Trillion and the FG intends to spend N9 Trillion, what this means is that the FG will have to spend more than it earns and borrow the difference. This is what we call budget deficit.#WhereIsTheBalance?

Q: So where is the balance?

A: The balance is with your State Govt and Local Govt. Please engage them. Ask them questions. Challenge them to show you what they're doing with the amt of money they get from FAAC & also from IGR (Internally generated revenue).

I hope with these few points of mine, I've been able to convince and not confuse u abt #WhereIsTheBalance

Pls feel free to bookmark this thread & share where this misinformation is been peddled. In the event that one "olorigbeske" shd ask this question again, show em this.

 Author: Yinka Ogunnubi.[b]I will start by asking a question and then proceed to answer the question.

Q: What are the revenue collection agencies of Nigeria?

A: Nigeria has many Revenue Collection Agencies, but the major ones are: FIRS, NCS, DPR, Others (NPA, NIMASSA, JAMB etc).#WhereIsTheBalance?

FIRS - Collects the following taxes on behalf of the Federal Republic of Nigeria. - Company Income Tax (CIT)
- Petroleum Profit Tax (PPT)
- VAT
- Personal Income Tax
- WHT
- Education Tax
- Stamp Duties
- Capital Gains Tax
- NITDF Levy

Nigerian Customs Services
- Custom and Excise Duties.

Department of Petroleum Resources (via the NNPC)
- Royalties on Oil Producing fields
- Rent accruing from awarded concession
- Gas flaring penalties.

Others:
- NPA
- NIMASA
- JAMB
- Stolen Asset Recovery's
- Dividend
- etc

#WhereIsTheBalance?

Q: Where is the revenue collected by these agencies paid into?

A: They are paid into the Federation Account from where a committee known as FAAC meets monthly to divide it among the Federating units in accordance to the revenue sharing formula.
#WhereIsTheBalance?

Q: What is the sharing formula used by FAAC?

A: The sharing formula is
- FG: 52.68%
- States: 26.72%
- Local Govt: 20.60%
- There is an additional 13% derivation paid to oil producing states from oil proceeds based on the derivation principle.

#WhereIsTheBalance?

Q: Does it mean that all revenue are shared in accordance to that formula?

A: No. The VAT collected by FIRS and paid into the Federation Account is shared with a different formula.
- FG: 15%
- States: 50%
- LG: 35%
#WhereIsTheBalance?

Q: How much did d Federal Republic of Nigeria earn in 2018?
A: We don’t have the full figures, but from public records, we can estimate
FIRS – N5.3 Trillion
NCS - N1.2 Trillion (Prorate from claim of N800B collected as at Aug)
DPR - N7 Trillion
Others - N500B
#WhereIsTheBalance?

Q: What is the estimated FG share of this amount?

A: First, let’s back out VAT. We know that out of VAT of N1 Trillion, the FG collects 15% which is = N150 Billion. 2ndly, we need to back out the 13% derivation from oil proceeds as well as other deductions.

Using the basic rule of the thumb, from an estimated revenue of N14Trillion, we can estimate that revenue available to the FG can't be higher than N6.5Trillion. Even this is generous just reflecting on 2018 budget performance figures.


Breakdown Of The 2019 FGN Budget ProposalThe Nigerian economy emerged from recession in Q2 2017, and the macroeconomic environment has stabilized and is recovering gradually. This has renewed confidence in the country’s growth prospects.

#WhereIsTheBalance?

Q: And the N9 Trillion Budget?
A: The N9 Trillion budget is the budget of d Federal Govt of Nigeria and not the Federal Republic of Nigeria. This means that the FG can only budget on its portion of federally collected revenue & not total collect-able revenue.

Since we estimate that the maximum revenue available to the FG would be N6.5 Trillion and the FG intends to spend N9 Trillion, what this means is that the FG will have to spend more than it earns and borrow the difference. This is what we call budget deficit.#WhereIsTheBalance?

Q: So where is the balance?

A: The balance is with your State Govt and Local Govt. Please engage them. Ask them questions. Challenge them to show you what they're doing with the amt of money they get from FAAC & also from IGR (Internally generated revenue).

I hope with these few points of mine, I've been able to convince and not confuse u abt #WhereIsTheBalance

Pls feel free to bookmark this thread & share where this misinformation is been peddled. In the event that one "olorigbeske" shd ask this question again, show em this.

 Author: Yinka Ogunnubi.[/b]I will start by asking a question and then proceed to answer the question.

Q: What are the revenue collection agencies of Nigeria?

A: Nigeria has many Revenue Collection Agencies, but the major ones are: FIRS, NCS, DPR, Others (NPA, NIMASSA, JAMB etc).#WhereIsTheBalance?

FIRS - Collects the following taxes on behalf of the Federal Republic of Nigeria. - Company Income Tax (CIT)
- Petroleum Profit Tax (PPT)
- VAT
- Personal Income Tax
- WHT
- Education Tax
- Stamp Duties
- Capital Gains Tax
- NITDF Levy

Nigerian Customs Services
- Custom and Excise Duties.

Department of Petroleum Resources (via the NNPC)
- Royalties on Oil Producing fields
- Rent accruing from awarded concession
- Gas flaring penalties.

Others:
- NPA
- NIMASA
- JAMB
- Stolen Asset Recovery's
- Dividend
- etc

#WhereIsTheBalance?

Q: Where is the revenue collected by these agencies paid into?

A: They are paid into the Federation Account from where a committee known as FAAC meets monthly to divide it among the Federating units in accordance to the revenue sharing formula.
#WhereIsTheBalance?

Q: What is the sharing formula used by FAAC?

A: The sharing formula is
- FG: 52.68%
- States: 26.72%
- Local Govt: 20.60%
- There is an additional 13% derivation paid to oil producing states from oil proceeds based on the derivation principle.

#WhereIsTheBalance?

Q: Does it mean that all revenue are shared in accordance to that formula?

A: No. The VAT collected by FIRS and paid into the Federation Account is shared with a different formula.
- FG: 15%
- States: 50%
- LG: 35%
#WhereIsTheBalance?

Q: How much did d Federal Republic of Nigeria earn in 2018?
A: We don’t have the full figures, but from public records, we can estimate
FIRS – N5.3 Trillion
NCS - N1.2 Trillion (Prorate from claim of N800B collected as at Aug)
DPR - N7 Trillion
Others - N500B
#WhereIsTheBalance?

Q: What is the estimated FG share of this amount?

A: First, let’s back out VAT. We know that out of VAT of N1 Trillion, the FG collects 15% which is = N150 Billion. 2ndly, we need to back out the 13% derivation from oil proceeds as well as other deductions.

Using the basic rule of the thumb, from an estimated revenue of N14Trillion, we can estimate that revenue available to the FG can't be higher than N6.5Trillion. Even this is generous just reflecting on 2018 budget performance figures.


Breakdown Of The 2019 FGN Budget ProposalThe Nigerian economy emerged from recession in Q2 2017, and the macroeconomic environment has stabilized and is recovering gradually. This has renewed confidence in the country’s growth prospects.

#WhereIsTheBalance?

Q: And the N9 Trillion Budget?
A: The N9 Trillion budget is the budget of d Federal Govt of Nigeria and not the Federal Republic of Nigeria. This means that the FG can only budget on its portion of federally collected revenue & not total collect-able revenue.

Since we estimate that the maximum revenue available to the FG would be N6.5 Trillion and the FG intends to spend N9 Trillion, what this means is that the FG will have to spend more than it earns and borrow the difference. This is what we call budget deficit.#WhereIsTheBalance?

Q: So where is the balance?

A: The balance is with your State Govt and Local Govt. Please engage them. Ask them questions. Challenge them to show you what they're doing with the amt of money they get from FAAC & also from IGR (Internally generated revenue).

I hope with these few points of mine, I've been able to convince and not confuse u abt #WhereIsTheBalance

Pls feel free to bookmark this thread & share where this misinformation is been peddled. In the event that one "olorigbeske" shd ask this question again, show em this.

 Author: Yinka Ogunnubi.

GistFullGround:
I was wondering, is there something like this in Nigerian Beaches, where you see lifeguards seated and watching swimmers having fun thereby watching for, and guarding against anyone drowning?

I believe this is an employment opportunity for good swimmers and it should be given a thought if it's non-existent.

These guys are seated miles and miles on the beach and keeping watch with binoculars and whistles.

I believe Ijaw guys could be trained for this job cause they are so good in swimming.

It's a good thing to go swimming and know good rescuers are watching your back if anything goes wrong.

spot on bro! you are the kind of bright minds we need in Nigeria.

myners007:
See cars. Efcc what about Gaduje?

I read "what about Ganduje" every time here..., so let me take time to educate you that Ganduje is enjoying immunity as a serving governor, after his tenure then and only then can they probe him.

when toks is 1.5m�when toks is 1.5m�when toks is 1.5m�

it could be weaponized! to shine light from a long distance to brighten up a 50miles radius will require strong materials that can transform heat energy

seun, you really need to curb this ethnic bigotry on this platform! change is needed...!

They Wanted "Double wahala" they got it so they should deal with it

Cloud007:
Banks are one of Nigeria's major issues.

I say this everytime, the are corporate thieves

NPComplete:
Lol. You IPOB only make noise and can't think. The world has not helped the people being killed in Myanmar, in Central African Republic, in South Sudan etc..... It is now you they will come and help. Lol. You will die for nothing and BBC will only be using your story as news to make more money. Nothing else.

I swear i too love your reply! cheers with a bottle of Heineken. Enjoy the Epl

Hmmmmm, I am in a similar situation

swap deal with a camry 2005

tdayof:
Since you're a dufus, now I'll lecture you.

Because it runs flat , technology in use and terrain.

You're a waste of time would go and check dtic if you need to learn.

Thanks for replying that delusional slowpoke! apparently he knows nothing about such production.

Hmmmmm, oro leye n gbo....

The bleeping was at its paramount state that guys could hear and had to salute the giver and receiver....., .

Bleep they had, Ceremonial salute they received. Hmmmmm