₦airaland Forum

budaatum:
I feel you might appreciate the book even more, so here's a condensed free copy.

https://www.adamsmith.org/the-wealth-of-nations

His original is easily available too if you are inclined.

budaatum:
Our sense of entitlement makes us think Dangote should absorb government tax and not pass it on to us the consumers.

In fact, Dangote must just give us his produce for free because we are entitled to it for reasons I can't yet fully comprehend!

Sonyboom:
I am landlord n this is very fair.

lilsmart:
the frustrating reality is that these taxes are ultimately borne by Nigerian consumers mostly the poor that buys in bit, who face a double burden first through embedded taxes inflating domestic prices, as Dangote himself admits, and again through personal income tax (starting 2026) , creating a punishing cycle of taxation that severely erodes purchasing power.


You buy a product. Already Taxed. 30% + 7.5VAT. =37.5.% addition

You go still pay personal income tax(2026) again. 30%

That to to say the government is taking 37.5% +30% = 67.5% [/b]from every [b]100% you have. Leaving you with. 32.5%

zeuss:
The same tax wey he dey pay cover every cement produced. All can be sold the same price,,,, taxation is based on profit not activity .
It is lower in other countries because dangote does not have monopoly of market so if price is high they will import other brands

Svoboda:
Subsidised govt housing bought thru ballots. It was common in those days when govt had head and tail.

Iamsane:
If you ever become a landlord. Come back to this thread. Tell me how you feel. 😁

aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State

Learner247:
If both parties play their part well, I doubt if there would be issues. I was a tenant for several years across different states in Nigeria. I never owed rent for one day, even during the COVID 19 induced lockdown, I sold some of my shares at a loss in order not to miss the rent payment date. But, today, I have a tenant whom I gave 1 month free rent before his rent started counting, his rent expired since the end of September, 2025 - he has been giving one excuse or the other.

To the new law, it’s okay, but not many people will invest in building for rent again. I mean, the same property that has not given me a dime since September ending could have paid me more than X3 from FGN Bond without having to write to anybody.

yaseer111:
I sent u a dm sir right now

immortalcrown:
Any instances? I mean, has any university changed its name after graduating some students?

DeOTR:
TIN requirements for banking ensures compliance.
I don't see anything special about this new tax law, but I'm pretty sure it's not going to cause inflation or anything remotely related to that. The idea that this will roll back the gains of cashless policy is unfounded. Not every credit alert is a revenue. You pay tax on your income, not on the total amount of money that gets into your account. The government are aware of this.
You didn't answer the question by the original poster about the current rate and the new one. What exactly is the difference that it will cause a cost-push inflation?

aribisala0:
You are ranting ignorantly

So prostitutes paying taxes is your problem?

What will lead to cost push inflation? Prostitutes paying taxes? You are brilliant

What else ?

What products? Petrol, rice cement or garri?

How?


You clearly have no clue what the new tax law says

Your concern is prostitutes

Incognito403:
I guess all 99% of Nigerian christains are "wolves in sheep clothing". In fact, CAN is lion in lamb clothing.

aribisala0:
What is it specifically about the tax policy that will cause inflation


Is the policy an increase?
If it is tell us the current tax rate in percentage and the new rate

If really you know what you are talking about just give two figures in percentage

Incognito403:
Now that they're Christians it's "wolves in sheep clothing". Hypocrisy will not kill you.

papiilo:
loan me 1