₦airaland Forum

Abacha

Rottweiler:
The other day, the former minister of transport, Madueke of 3rd term, told us that the solution to our transportation problem in Nigeria is for everyone to own a bicycle . Imagine in this jet-age. The clown actually started by riding a bicycle to his office in Aso Rock as a way of leading by example. Nobody told him to jettison the idea after he fell off the bicycle on 2 or so occasion.

I remember that one. Ojo and his bicycle

hiv

director

GREED:
So far the suns have won 2games and so have the heat.
I'm telling you it's going to be the suns vs. the heat

Shuo , when did the suns win 2 games? Last time I checked Dallas won game 3. [url=http://sports.yahoo.com/nba/recap;_ylt=Ak7tYS, 6xyPXU8kI.5pumG8vLYF?gid=2006052821&prov=ap]Dallas 2: Phoenix 1[/url]

Juicy - Notorious BIG

Seun:
What are you talking about? You can't eat your cake and have it. You can't spend money and not earn it from somewhere.

Taxation is "free" money because you do not have to pay interest on it. You put a law in place and collect. A loan/bond is not free because you pay for the loan. I hope that's clearer?

Akolawole:
What is not true?
Frank has never be a defensive player.
He can't defend nothing.

Akolawole:
Last year nobody gave Essien any chance.

It is not true that nobody gave Essien a chance. It was obvious Chelsea needed Essien a "water carrier/grafter" because Makalele sits deep in midfield and Lampard is more offensively focused. Essien was always going to have a place in that midfield trio. The times when Eidur was dropped into midfield it was Lampard who played as grafter and that is not his strength.

Afeni:
The problem I have with this idea is that having prisoners do work would reduce the value of work for non-prisoners. In short, law-abiding citizens would suffer under lower wages because the prisoners are willing to do work for cheaper.

erm, given that Nigeria has an un-employment problem, you are right. Otherwise the general concept is not bad.

invasion

sirwebs:
By the way any Nairalanders care about Tennis?

Yep

Akolawole:
Last year nobody gave Essien any chance.

um, that's not true. It was obvious Chelsea needed a "water carrier" to allow Lampard focus on his offensive game.

war

Seun:
Based on my research, it appears that tax refunds come back to those who have overpaid their tax. It's not as if they are returning un-needed money, but they are returning money that wasn't meant to be paid at all.

err, nope. Yes those who overpay get a refund as they should, but during the fiscal year laws are sometimes passed to provide a "tax cut". Essentially a temporary reduction in your taxable income
because of certain activities/purchases you engage in. Granted its not because the govt does not need the money, its because they want to encourage/stimulate certain activity, i.e. small business or home ownership.

Seun:
If the expected crisis does not happen, that amount can be rolled over into the next tax period. It must not be used for any other purpose.

Back to the main issue. Accountability. I think the proposal focuses on the wrong issue. Accountability for the currently collected funds is job No.1. Then we can say for sure if the govt collects too much tax or not. At this time I'm pretty certain only govt employees and companies pay income tax regularly.

Seun:
If the crisis is completely unforseen, the president can create a special account for managing the crisis and ask for donations and from Nigerians and corporate bodies, international relief agencies, arms of government who deem their operations to be less important than management of the crisis, etc. If the donations are not sufficient, then the CBN governor can ask the senate for permission to start creating money (selling bonds) to deal with the crisis.

Donations are voluntary and unreliable. Creating money(bonds) is also more expensive/less reliable and requires "less" accountability than taxation. Its a voluntary loan that has to be repaid with interest and the government can spend it as it desires, taxation is "free" money but ideally you account for it to your citizens. Let's not forget that a country asking/begging for donations will also be hard pressed to find buyers for its bonds. No investor wants their loan to go unrepaid, and yes the buyer of your bond is an investor.

Andriy Shevchenko - ST (Ukraine)

Ac Milan -------> Chelsea?
Sheva requests transfer

bible

Let Go - Neyo

Nia:
LOL
Kai! men and "big man" talk sha. I hope sey u no be one of those men who talk big and no even fit do the thing proper sef, LOL. But you're persistent. so I go put in application for you for my harem

No shaking, the proof of the pudding is in the eating. I dey await my letter of admission.

Ka:
I can foresee each department putting forward budgets for extraordinary schemes just so that they can claim a larger share of the pie. In the end, power will lie with the Senate. Expect lots of large multicoloured polystrene bags to trade hands.

Seun:
That is a problem of the senate. There will be another proposals to make the senators more accountable to the public.

That's the problem that needs to be solved first.

Seun:
the foundation of this proposal is that the government shouldn't collect tax unless they actually need it.

Well there is something similar in the US, you pay the "high" tax and get a tax refund at the end of the fiscal year. Granted, its an interest-free loan to the government for a whole year, but then you don't entirely lose the principal.

However what also happens if revenue from other sources during the year falls short, or you have an extra-ordinary event like a war to prosecute. You'll have a deficeit that will have to be funded by a high rate short-term loan. It could get expensive.

wills:
finally whats that word you used the one i highlighted in RED!

coquetry == flirtation, playful behaviour.

I find it odd that Gusau is on the list of top cities in Nigeria and Jos is mysteriously missing. That introduction sounds like something put together from news reports.

Gold digger - Kanye West

The rain - Missy Elliot

Short

smartsoft:
why do you choose .com ?

Most "casual" internet users are still wired to .com addresses.

my2cents:
.tv - TV stations

I beleive .tv actually "belongs" to Tuvalu like .ng is for Nigeria. TV stations just use it because it "communicates" some information to the user.

Nia:
Chei! this kin toast get as e be o. Person no even fit examine the goodies before hin commit.

No oo, this wan nah non-testing. But e dey kampe, nah original, no taiwan for here.

Nia:
Anyways sha, I no know if you fit fit inside my harem which is already full of hot young studs .

No shaking, one sampling and the rest of the harem will be rendered homeless.

spikelord:
Yellow book

Essentially a phone directory. We had them in Naija before, don't know if they still produce them.

propeller

chinani:
What does that mean?

ono:
@Chinani,
I wonder what that means too.

I think he means its not to be toyed/played with.

nothing

When Doves Cry - Prince