₦airaland Forum

rvp20182:
Yemi Kale stats do not make any sense. That is why despite having almost the same tax rate as kenya - you collect 1.8 trillion Naira annually - that is like like 5B dollars at the federal level.When it come to state level - Lagos lead with 400-500M. All the rest of states combined about that.

HOW CAN YOUR ECONOMY COLLECT ALMOST RWANDA-LIKE REVENUE.

Show me a failed state - and Nigeria, Somalia would top my list.

Is this why you threw McDonald's man under the bus because he was inferior to that white settler who has been ripping Kenya off for years?

I can see you are trying to introduce another line of argument. You are incompetent like your white settler economist and his stooge McDonald.

Is that all you saw in my response. You did not see an alleged 500B economy collecting Rwanda like revenues. Prof Terry Ryan is a kenyan. And more importantly a brilliant kenya who has nurtured many kenya having headed University of Nairobi Economics dept for many years before essentially becoming the gov chief economist from 1982 till recently. He is an A grade brain. Kenya policy wonks are Africa best.

obaaderemi:
Is this why you threw McDonald's man under the bus because he was inferior to that white settler who has been ripping Kenya off for years?

I can see you are trying to introduce another line of argument. You are incompetent like your white settler economist and his stooge McDonald.

No nigerian contractor will ever be allowed in Kenya. Dangote cannot make it in kenya. The same with Nigerian banks. Please ask South Africans.

You so called northern businessmen are just corrupt cronies using Abuja to profit from Nigeria.

It very simple - they get favourable rates from central bank of nigeria - they also use abuja to block imports - and then they create monopolies.

It cannot work in a very liberalized market like Kenya. Continue being enslaved by northern nigeria conmen like Dangote and Rabiu.

obaaderemi:
How's this your business? At least that place looks better than Kenya's slums.
Concrete roads are very durable and the way to go.

We may construct some for you like we did with rcc.

Good - now stop Chinese smuggling 10B dollars worth of gold annually. Kenya has no platinum. Kenya has titanium - which is basically sand

Just30:
Ghana already has several gold refineries

And the is currently and 3rd and 4th gold refinery under construction at 90% completion.

when will Kenya start making use of it platinum?

who the fvck are you to tell Ghanaians what to do with their gold? oh dear o dear. You kenyans are pathetic my advice to you is help find solution to hunger and starvation in your zoo you have to find money to pay those chinese before they sell off your shitty country

[s]

rvp2018:
Good - now stop Chinese smuggling 10B dollars worth of gold annually. Kenya has no platinum. Kenya has titanium - which is basically sand

[/s]

rvp2018:
Is that all you saw in my response. You did not see an alleged 500B economy collecting Rwanda like revenues. Prof Terry Ryan is a kenyan. And more importantly a brilliant kenya who has nurtured many kenya having headed University of Nairobi Economics dept for many years before essentially becoming the gov chief economist from 1982 till recently. He is an A grade brain. Kenya policy wonks are Africa best.

Lagos revenue alone is like half of the total revenue of Rwanda. Stop grasping at straws.
I don't care whether the white settler is Kenyan or not, you don't need to throw him up because you feel your fellow black Kenyan McDonald can not match Dr Yemi kale.
So Ryan was there in the 90s when a 28 year old indian- Oh lawd, Indian again!- was duping Kenya of a tenth of its GDP? And he didn't feel the need to resign or blow the whistle? You are dumb for thinking this white man is the best brain you got. You need to apologize to the McDonald man.

rvp2018:
No nigerian contractor will ever be allowed in Kenya. Dangote cannot make it in kenya. The same with Nigerian banks. Please ask South Africans.

You so called northern businessmen are just corrupt cronies using Abuja to profit from Nigeria.

It very simple - they get favourable rates from central bank of nigeria - they also use abuja to block imports - and then they create monopolies.

It cannot work in a very liberalized market like Kenya. Continue being enslaved by northern nigeria conmen like Dangote and Rabiu.

At least jobs are created and they are Nigerians not Indians.

Let talk data. Show me Nigeria Federal revenues. Show me Lagos and 36 state revenues.

Prof Ryan is Kenya - born - and brought up - MIT - educated - brilliant scholar and economist.

Kenya has it's dark history - and unlike Nigeria - we learn from our history, we fix things and we become better.

We do not bury our head in the sands - or let wounds fester like Nigeria.

obaaderemi:
Lagos revenue alone is like half of the total revenue of Rwanda. Stop grasping at straws.
I don't care whether the white settler is Kenyan or not, you don't need to throw him up because you feel your fellow black Kenyan McDonald can not match Dr Yemi kale.
So Ryan was there in the 90s when a 28 year old indian- Oh lawd, Indian again!- was duping Kenya of a tenth of its GDP? And he didn't feel the need to resign or blow the whistle? You are dumb for thinking this white man is the best brain you got. You need to apologize to the McDonald man.

Which jobs are being created - when 100M nigerians are poor? When Nigerians are walking the Sahara to get any job outside their countyr.

Jobs will be created when like kenya you LIBERALIZE or OPEN UP YOUR ECONOMY.

Your economic policy mirror kenya before 1993.

1) Forex controls. Kenya did away with it in 1993. Nigeria is right there. There are many forex rates for many different people. Big business borrow at official rate of 380 now to a dollar. The others borrow at 420. Then average Nigerian cannot get dollars from their bank and have to borrow from black market at 500.

Just imagine how much profit people with connections to Central Bank of Nigeria can make from such ABRITRAGE.

2) Import controls - Banning of several goods - ostensibly to promote domestic economy. That would be a good economic policy if only done for say 5yrs to allow for nigeria domestic companies to catch up - but to have such an economic policy for eternity - will only mean Nigerians will pay very HIGH PRICES for very LOW QUALITY product. And who benefits? Nigerian Northern businessmen.

Kenya is well liberalized open economy. Everyone is free to come. Competition is brutal. Dangote has tried to come and everytime he ask for stupid concession and he is told - kenya is 30yrs away from such retrogression. Nigerian banks are coming and they are making losses.

South Africa companies - and unlike Nigeria - we do not shake them for taxes - we send them back through BRUTAL competition.

The beneficiary is kenyan consumer.

That is why kenya an economy with 11 percent arable land - large semi arid - and without any minerals - is doing very well

But you think it's loan - who will loan you if you cannot repay

Which jobs are being created - when 100M nigerians are poor? When Nigerians are walking the Sahara to get any job outside their countyr.

Jobs will be created when like kenya you LIBERALIZE or OPEN UP YOUR ECONOMY.

Your economic policy mirror kenya before 1993.

1) Forex controls. Kenya did away with it in 1993. Nigeria is right there. There are many forex rates for many different people. Big business buy at official rate of 380 now to a dollar. The others buy at 420. Then average Nigerian cannot get dollars from their bank and have to buy from black market at 500.

Just imagine how much profit people with connections to Central Bank of Nigeria can make from such ABRITRAGE.

I had a Nigerian candidate interview for a position in my previous employer in kenya - and he was surprised that in kenya you walk to any bank and buy forex.

2) Banking is the same - some borrow at 11 percent - others at 30 percent! That interest arbitrage favors a few and codemn the majority to poverty.

3) Import controls - Banning of several goods - ostensibly to promote domestic economy. That would be a good economic policy if only done for say 5yrs to allow for nigeria domestic companies to catch up - but to have such an economic policy for eternity - will only mean Nigerians will pay very HIGH PRICES for very LOW QUALITY product. And who benefits? Nigerian Northern businessmen.

Kenya is well liberalized open economy. Everyone is free to come. Competition is brutal. Dangote has tried to come and everytime he ask for stupid concession and he is told - kenya is 30yrs away from such retrogression. Nigerian banks are coming and they are making losses.

South Africa companies - and unlike Nigeria - we do not shake them for taxes - we send them back through BRUTAL competition.

The beneficiary is kenyan consumer. Kenya companies once they expand regional -it almost given they will make profit. They have thrived in enviroment of brutal comeptition.

That is why kenya an economy with 11 percent arable land - large semi arid - and without any minerals - is kickign arse,

But you think it's loan - who will loan you if you cannot repay

rvp2018:
Let talk data. Show me Nigeria Federal revenues. Show me Lagos and 36 state revenues.

Prof Ryan is Kenya - born - and brought up - MIT - educated - brilliant scholar and economist.

Kenya has it's dark history - and unlike Nigeria - we learn from our history, we fix things and we become better.

We do not bury our head in the sands - or let wounds fester like Nigeria.

Have you forgotten how you source for news on Nigeria day and night robbing yourself of peace of mind? Why should I be the one to show you anything about Nigeria here?

Ryan is a settler. Stop your inferiority complex and stop disrespecting the McDonald man. Tell us about his profile and stop telling us about the white settler who oversaw the raping of Kenya at the hands of a 28 year old Indian boy.

I already gave you the data. You refuted. I thought you were interested in a meaningful engagement. I guess it back to default BABOON mode.

Kenyan is a kenyan. White or asian or nigerian born. He is a kenyan. And even if he wasnt - we would hire him as expat.

We are interested in the brains of Prof Ryan - not his race.

obaaderemi:
Have you forgotten how you source for news on Nigeria day and night robbing yourself of peace of mind? Why should I be the one to show you anything about Nigeria here?

Ryan is a settler. Stop your inferiority complex and stop disrespecting the McDonald man. Tell us about his profile and stop telling us about the white settler who oversaw the raping of Kenya at the hands of a 28 year old Indian boy.

rvp20182:
I already gave you the data. You refuted. I thought you were interested in a meaningful engagement. I guess it back to default BABOON mode.

Kenyan is a kenyan. White or asian or nigerian born. He is a kenyan. And even if he wasnt - we would hire him as expat.

We are interested in the brains of Prof Ryan - not his race.

You are showing your frustration again.

You brought no data. Even a donkey like you should be wise enough to include links.
So you finally admit McDonald Obhudo is not as good as Yemi Kale and now you are trying to push forward a white settler who was part of the worst looting in the history of Kenya and Africa as a whole. You are a disgrace to the African race. Get your big donkey ass out of here. Shameless little Indian.

obaaderemi:
You are showing your frustration again.

You brought no data. Even a donkey like you should be wise enough to include links.
So you finally admit McDonald Obhudo is not as good as Yemi Kale and now you are trying to push forward a white settler who was part of the worst looting in the history of Kenya and Africa as a whole. You are a disgrace to the African race. Get your big donkey ass out of here. Shameless little Indian.

You are nothing but a self loathing racist.

Obaboon,
It quite simple.
Explain to us Nigeria tax regime.
Explain to us why Nigeria 500B economy collect less than 10B.
We are talking Non-Oil revenue.

Yemi Kale is the genius who shocked the world that Nigeria economy - Oil is 10 percent - but revenue it contributes is 90 percent.

Let start with Nigeria
VAT = 7.5 % now - used to be 5%. It 16 % in Kenya
Corporate Tax - 30% percent like kenya
PAYE=7-24% bands; kenya 10-30%
Custom= I can seem to tell - but I imagine near similar import duties and excise duty

Now explain to us how the data below make sense.

4.8 trillion (non-oil) revenues - for entire 36 states and federal gov - 12B dollars. That is Tanzania level of taxes.

obaaderemi:
You are showing your frustration again.

You brought no data. Even a donkey like you should be wise enough to include links.
So you finally admit McDonald Obhudo is not as good as Yemi Kale and now you are trying to push forward a white settler who was part of the worst looting in the history of Kenya and Africa as a whole. You are a disgrace to the African race. Get your big donkey ass out of here. Shameless little Indian.

rvp20182:
Obaboon,
It quite simple.
Explain to us Nigeria tax regime.
Explain to us why Nigeria 500B economy collect less than 10B.
We are talking Non-Oil revenue.

Yemi Kale is the genius who shocked the world that Nigeria economy - Oil is 10 percent - but revenue it contributes is 90 percent.

Let start with Nigeria
VAT = 7.5 % now - used to be 5%. It 16 % in Kenya
Corporate Tax - 30% percent like kenya
PAYE=7-24% bands; kenya 10-30%
Custom= I can seem to tell - but I imagine near similar import duties and excise duty

Now explain to us how the data below make sense.

4.8 trillion (non-oil) revenues - for entire 36 states and federal gov - 12B dollars. That is Tanzania level of taxes.

I see total tax of #8.8trillion from your chart. That's $22bn. A fourth of Kenya's GDP.

I say focus on Non-Oil. Yes in total revenues is 22B. Kenya total revenues is about the same. Kenya collect 17B in ordinary taxes and another 4B in A-I-D(user fees, court fines, such). All the 47 Counties also collect about 1B dollars - from business licensing, market fees, user fees, such.

So in total Nigeria federal+36 states collect Kenya revenues - same 22B. Their budgets in same the same - about 35-40B - when you combine both states+federal and kenya national+47 counties

So explain to us
1) Why Nigeria non-oil revenues - both a state and federal - despite charging taxes that are at par with kenya (except for VAT) - are TZ level.
2) Why all total revenues - both state and federal - inclusive of Oil - sum up to 22B - like 100B dollar economy.

Bottom-line - you economy is OVERESTIMATED. I have done my maths. Your real economy should be about 200B dollars.

South Africa collect 80B in revenues.

obaaderemi:
I see total tax of #8.8trillion from your chart. That's $22bn. A fourth of Kenya's GDP.

rvp20182:
I say focus on Non-Oil. Yes in total revenues is 22B. Kenya total revenues is about the same. Kenya collect 17B in ordinary taxes and another 4B in A-I-D(user fees, court fines, such). All the 47 Counties also collect about 1B dollars - from business licensing, market fees, user fees, such.

So in total Nigeria federal+36 states collect Kenya revenues - same 22B. Their budgets in same the same - about 35-40B - when you combine both states+federal and kenya national+47 counties

So explain to us
1) Why Nigeria non-oil revenues - both a state and federal - despite charging taxes that are at par with kenya (except for VAT) - are TZ level.
2) Why all total revenues - both state and federal - inclusive of Oil - sum up to 22B - like 100B dollar economy.

Bottom-line - you economy is OVERESTIMATED. I have done my maths. Your real economy should be about 200B dollars.

South Africa collect 80B in revenues.

Nigeria is a phantom ,moribund economy of falsified statistics . The low tax collections,their lower HDI scores and the insignificant difference in per capita income,amongst many other factors....you know like they always say,NUMBERS DON"T LIE.

THIS IS HOW IT ENDS IN KENYA WORLD ATHLETICS UNDER 20 CHAMPIONSHIPS. MEDAL TALLY���..... copied

rvp2018:
Good - now stop Chinese smuggling 10B dollars worth of gold annually. Kenya has no platinum. Kenya has titanium - which is basically sand

That only happens in your dreams

Titanium, one of the most precious metals on Earth is sand, you say?

Kid you are dumb

rvp20182:
I say focus on Non-Oil. Yes in total revenues is 22B. Kenya total revenues is about the same. Kenya collect 17B in ordinary taxes and another 4B in A-I-D(user fees, court fines, such). All the 47 Counties also collect about 1B dollars - from business licensing, market fees, user fees, such.

So in total Nigeria federal+36 states collect Kenya revenues - same 22B. Their budgets in same the same - about 35-40B - when you combine both states+federal and kenya national+47 counties

So explain to us
1) Why Nigeria non-oil revenues - both a state and federal - despite charging taxes that are at par with kenya (except for VAT) - are TZ level.
2) Why all total revenues - both state and federal - inclusive of Oil - sum up to 22B - like 100B dollar economy.

Bottom-line - you economy is OVERESTIMATED. I have done my maths. Your real economy should be about 200B dollars.

South Africa collect 80B in revenues.

Come the EFF on Obadude! I know you'll FOREVER compete at the SPECIAL Olympics but even your teammates get it!
Try, at LEAST to meet the Prof halfway; he's taking a lot of time breaking this down for you REPEATEDLY! This ishyt AIN'T complicated!

Concentrate on stopping Chinese criminal gold gangs. To convert titanium sands to titanium metal is very costly process - that is why it has very little practical usage - titanium bike is probably more expensive than your car. Otherwise, titanium sands are one of the most plentiful of minerals. It is not gold that you got.

Titanium is the ninth-most abundant element in Earth's crust (0.63% by mass)[22] and the seventh-most abundant metal. It is present as oxides in most igneous rocks, in sediments derived from them, in living things, and natural bodies of water.[6][7] Of the 801 types of igneous rocks analyzed by the United States Geological Survey, 784 contained titanium. Its proportion in soils is approximately 0.5 to 1.5%.[22]

Just30:
That only happens in your dreams

Titanium, one of the most precious metals on Earth is sand, you say?

Kid you are dumb

rvp20182:
Concentrate on stopping Chinese criminal gold gangs. To convert titanium sands to titanium metal is very costly process - that is why it has very little practical usage - titanium bike is probably more expensive than your car. Otherwise, titanium sands are one of the most plentiful of minerals. It is not gold that you got.

Titanium is the ninth-most abundant element in Earth's crust (0.63% by mass)[22] and the seventh-most abundant metal. It is present as oxides in most igneous rocks, in sediments derived from them, in living things, and natural bodies of water.[6][7] Of the 801 types of igneous rocks analyzed by the United States Geological Survey, 784 contained titanium. Its proportion in soils is approximately 0.5 to 1.5%.[22]

There is nothing like Chinese mining here

Mining is solely done by Ghanaians


Titanium is highly used in aircraft manufacturing, I guess you didn't now that....

It is one of the most precious metals

Ghana has it all

Everything you can ever imagine

Just30:
Everything you can ever imagine

Beautiful pics

Ba where do you get your pictures from? eye candy pics

vankelvin:
Beautiful pics

Ba where do you get your pictures from? eye candy pics

Photographic friends oo

sometimes they post their work on Instagram, Behance.net or share them privately with me

rvp20182:
I say focus on Non-Oil. Yes in total revenues is 22B. Kenya total revenues is about the same. Kenya collect 17B in ordinary taxes and another 4B in A-I-D(user fees, court fines, such). All the 47 Counties also collect about 1B dollars - from business licensing, market fees, user fees, such.

So in total Nigeria federal+36 states collect Kenya revenues - same 22B. Their budgets in same the same - about 35-40B - when you combine both states+federal and kenya national+47 counties

So explain to us
1) Why Nigeria non-oil revenues - both a state and federal - despite charging taxes that are at par with kenya (except for VAT) - are TZ level.
2) Why all total revenues - both state and federal - inclusive of Oil - sum up to 22B - like 100B dollar economy.

Bottom-line - you economy is OVERESTIMATED. I have done my maths. Your real economy should be about 200B dollars.

South Africa collect 80B in revenues.

So many words and no sensible point.
Show us link to prove Kenya made up to $22bn as revenue.
I don't care whether it's non oil or plus oil, oil is part of Nigeria's economy and oil royalty and taxes will be included. It's higher than Kenya's even with your higher tax rates and the fact that most oil countries don't charge high taxes. Keep showing signs of depression. I can see you've learnt nothing.

Bifwoli:
Nigeria is a phantom ,moribund economy of falsified statistics . The lox tax collections,their lower HDI scores and the insignificant difference in per capita income,amongst many other factors....you know like they always say,NUMBERS DON"T LIE.

Your government depends on loans, foreign aids and taxing the life out of malnourished Kenyans. Nigeria is resource rich. That's the difference, madam.

kikuyu1:
Come the EFF on Obadude! I know you'll FOREVER compete at the SPECIAL Olympics but even your teammates get it!
Try, at LEAST to meet the Prof halfway; he's taking a lot of time breaking this down for you REPEATEDLY! This ishyt AIN'T complicated!

Cokehead, your professor just shot himself in the foot. You need to stay off drugs.

obaaderemi:
Cokehead, your professor just shot himself in the foot. You need to stay off drugs.

No! He's kindly giving you a free education. Instead of throwing out words constantly just explain what the good Prof has revealed many times:

So in total Nigeria federal+36 states collect Kenya revenues - same 22B. Their budgets in same the same - about 35-40B - when you combine both states+federal and kenya national+47 counties

Why is that? I'll wait,thanks!