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Nairaland Forum / Nairaland / General / Politics / Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank (17053 Views)
Only Lagos, Kaduna Generate Revenue To Cover Operating Costs — BudgIT / Nigeria Is 4th Cheapest Country To Live In The World - World Of Statistics / Nigeria’s Revenue To GDP Ratio Hits 8%, Targets 15% 2023 (2) (3) (4)
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Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 3:00pm On Jul 27, 2021 |
jeliliadedoja1: Our tax to GDP ratio has hovered between 4.-6% in the last 20 years, this just an opportunity for you to display your bigotry and ethnic jingoism 1 Like |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 3:03pm On Jul 27, 2021 |
Beancounter94: You sabi the matter on ground unlike the hordes of religious and ethnic bigots populating this thread. It's another opportunity to bash their political nemesis, they don't care to take learnings from the matter of discussion |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 3:08pm On Jul 27, 2021 |
VULCAN: You mumu is boldly written on your head. When we talk of tax evasion and expanding tax net you think we're talking of the 30k monthly you make? While you should pay your fair share like 300 naira monthly, we're talking more of the Obi Cubana , Atikus, Tinubus, Davidos, Don Jazzy etc who make billions every year but probably pay less tax than you do. By pareto principle these are the 20% Nigerians who generate 80% of our GDP. A Nigerian billionaire that should pay $100m taxes will pay 10k naira , take the money abroad to buy mansion and put a girlfriend inside, you will clap for them on social media. That $100m could be enough to enough to pay for free public education for 1m children your children inclusive. But so you can pocket your 300 naira tax you defend those evading $100m tax. 2 Likes |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Limassol(m): 3:39pm On Jul 27, 2021 |
Ovamboland:what impact has the goverment made with the little revenue it is generating? |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by caracas: 3:55pm On Jul 27, 2021 |
Tinubuadvocate:And how pray tell is the question stupid? If this was a positive review now am sure you would have spanned this thread with praises for your so called professor Afonjas sef |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by sulaak(m): 4:57pm On Jul 27, 2021 |
Beancounter94: Zambia has corrupt and incompetent politicians without the added security problems that are prominent in Northern Nigeria. 80% of Zambia are literate, Nothern Nigeria the literacy level in 30% |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 7:00pm On Jul 27, 2021 |
sulaak: And yet, Zambia for all its literacy is just as backward as Northern Nigeria. Because they are resource dependent, not industrial and production dependent Same for DR Congo, Zimbabwe, Uganda, etc etc. Resource dependent, indebted nations.... 1 Like |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Nobody: 7:47pm On Jul 27, 2021 |
Ovamboland: How much money have you earned this year ? So calculate your own personal tax from there. You will see someone who hasn't eaten or earned N300k in 7 months talking about taxation. 300k that is less than 800dollars. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by misterjosh(m): 8:07pm On Jul 27, 2021 |
Ovamboland: It's not a matter of just calling for more tax, majority of Nigerians are living below poverty line, or just struggling to stay afloat. Is it people struggling to access basic human necessities that will now be burdened with more tax? One way more taxes can be gotten will be through some form of luxury taxations, but you think the elites won't fight the government that has refused to limit its own spendings on that... We have to improve infrastructure, better improve productive of the citizenry, then government can introduce all the tax they want to. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by ManyThanks: 8:10pm On Jul 27, 2021 |
mrvitalis:That is division of labour right there.... very funny. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by VeeVeeMyLuv(m): 8:38pm On Jul 27, 2021 |
mrvitalis:he is using the VP legal expertise to dish out and issue declarations, orders and ultimatums to our economy. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 10:43pm On Jul 27, 2021 |
AlhajiBitcoin: I doubt if your gross salary is up to my monthly tax. By the time I factor income tax on my business and investment income, you can imagine what goes to govt coffers from my activities. Only people who don't pay anything will not mind others to also evade tax. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Ovamboland(m): 10:44pm On Jul 27, 2021 |
misterjosh: Most of the uncollected $70bn + tax is in the hands the wealthiest 10% of Nigerians who earns millions and billions. Some of them make money by selling commodities to 200m Nigerians and put nothing back to govt revenue. They now take a huge chunk of that unpaid tax to invest and pay taxes in other countries. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Albertone(m): 11:42pm On Jul 27, 2021 |
Jackdean111:. Despite everything they are saying about this country,you are not from the north and you still want to serve this country? If you still wish,go for navy.Don't ask me why but do your research yourself. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by sulaak(m): 11:58am On Jul 28, 2021 |
Beancounter94: The first stage of industrial development is security, mass education and universal healthcare. An uneducated, unsecured and unhealthy nation can never develop, insecurity is the reason why Nigeria has unsustainable food inflation. I doubt you can find an industrialised country with a literacy level lower than 50%. I doubt you can fin any county in Southern Africa as backward as Northern Nigeria, maybe North Mozambique can come to close Northern Nigeria backwardness, they have a large Islamic population. Zambia, Zimbabwe, Angola and Bostwana are currently resource-dependent, but due to their stable security environment and high literacy rate, they are one or two steps from industrialisation. They just need to fix government corruption and set up an industrialisation policy. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by anungangampu: 12:13pm On Jul 28, 2021 |
Nigeria's pay more indirect tax than direct tax. If you want tax to be direct you have to eliminate other sources of exploitation and hand over all tax system to state to manage. With the bogus federal that feeds on billions and too hungry for anything export and import, am not sure we will reach this stage without a huge consequence sulaakpost=104140679: |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by 9jaRealist: 12:24pm On Jul 28, 2021 |
sulaak: Where does most other nations’ (especially the advanced industrial nations) come from? TAXES! Meanwhile, Nigeria is a country of many people living the efizzy life, but has the lowest tax base in Africa!! Nigeria’s condition is the culmination of the varying actions of ALL Nigerians, either by commission or omission! > |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Jackdean111(m): 2:43pm On Jul 28, 2021 |
Poloyanabo2:Ok.. Thank you. Let's be our brothers keeper |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Jackdean111(m): 2:44pm On Jul 28, 2021 |
sonofElElyon:Yes.. Airforce. |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Imokay: 2:55pm On Jul 28, 2021 |
Limassol: So is stop paying tax by everyone a strategy that will bring rapid growth in investment in public infrastructure, healthcare, education and roads etc |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Imokay: 3:04pm On Jul 28, 2021 |
sulaak: Why are the mainly Muslim Maghreb states, Morocco, Tunisia, Algeria, Egypt more advanced and developed than most of the sub-saharan black African states? If Islam is the problem why is the largely Christian states like Congo, Zimbabwe and Angola not very advanced and industrialized? Just showing you starting on a premises based on bigotry will lead to a wacky conclusion |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by Imokay: 3:06pm On Jul 28, 2021 |
anungangampu: Yes i agree that as much as practicable, illegal fees, traditional taxes that ends in private pockets should be directed to formal constituted authorities coffers so the people will know whom to demand accountability from |
Re: Nigeria’s revenue-to-GDP ratio lowest in the World – World Bank by sulaak(m): 4:40pm On Jul 28, 2021 |
Imokay: Stop being emotional and face the fact The question you should ask is why are North African countries less developed than mediterranean countries in Europe. Consider pre-Islamic conquest of North Africa North Africa was once one of the most civilise regions in the world. Today North Africa despite 100 years of exposure to Western European developments is just 50 years ahead of Sub-saharan Africa. Some North African countries like Mauritania, Sudan and Libya are as backward as Northern Nigeria. |
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