₦airaland Forum

Onepeople:
When you decided to move the headquarters of national and multinational companies to Lagos and Abuja, you now turned around expect magic from other states,no be juju be that.

amc:
And the ones contributing nothing are the loudest on social media. Why are they so happy when their states would be losing out?

Onepeople:
When you decided to move the headquarters of national and multinational companies to Lagos and Abuja, you now turned around expect magic from other states,no be juju be that.

Onepeople:
they own most of those companies that generate most of this revenue. Can you understand it now?

Mikecold:
Even the Kano and Kaduna na just quota sham they always add to buttress it's hype

ryloy:
So what about Kano and Kaduna that are doing better

ryloy:
In essence, Kano contribute more than the whole South East.

ryloy:
In essence, Kano contribute more than the whole South East... which one is qouta for revenue generation?

Mikecold:
[s][/s]

Anambra, Abia generates more revenue than Kano, Kaduna

Kano, kaduna only appears to justify receiving huge allocation

blamingthedevil:
“I’m hoping that one day Finance Commissioners will stop needing to come to Abuja monthly to share FAAC, because IGR (internally generated revenue) will be sufficient.”

https://www.thecable.ng/adeosun-half-nigerias-vat-comes-lagos

Grgton:
Kano is unquestionable!! But imagine kaduna having more VAT than Ogun and Anambra?? Even Edo and Abia should top that list

Grgton:
Kano is unquestionable!! But imagine kaduna having more VAT than Ogun and Anambra?? Even Edo and Abia should top that list

My dear, e tire me!

Before now, the narrative was that after Lagos State, it's Ogun State!

How did it change all of a sudden

Even Kano, how Don't tell me about university cause virtually every state now have that and are doing well too!

DubaiLandLord:
IGR is different from VAT

From a layman's view, no be the amount of IGR go determine how plenty VAT go be

Wiseandtrue:
My dear, e tire me!

Before now, the narrative was that after Lagos State, it's Ogun State!

How did it change all of a sudden

Mikecold:
l thought El rufai has exposed how this things work with the jamb expose

North simply award numbers to themselves so as to continue to compete in audio

Wiseandtrue:
Hmmmm El-rufai only stated the obvious

Perhaps that was why it didn't trend that much!

It's only a child yet to be born that doesn't know that's it's quota system that has been helping those guys!

Look at the best brains around the world, you will hardly see a northerner! Not hating, just stating the obvious!

blamingthedevil:
More than half of Nigeria’s VAT comes from Lagos



Speaking at the parley between the federal government and progressive governors forum (PGF) in Abuja on Tuesday, Adeosun said the 87 percent of Nigeria’s VAT is derived from four states and the Federal Capital Territory (FCT).

In other words, only 13 percent of Nigeria’s VAT comes from 32 other states in the federation.

According to her no country in the world with high tax compliance rate is poor, and no rich country has a low tax compliance rate.

Quoting current VAT collection data across Nigeria, the minister said “55% of Nigeria’s VAT is collected in Lagos State. 20% in FCT, 6% in Rivers, 5% in Kano, 1% in Kaduna”.

“I’m hoping that one day Finance Commissioners will stop needing to come to Abuja monthly to share FAAC, because IGR (internally generated revenue) will be sufficient.”

Lagos-55%
FCT-20%
Rivers-6%
Kano-5%
Kaduna-1%

https://www.thecable.ng/adeosun-half-nigerias-vat-comes-lagos

blamingthedevil:
More than half of Nigeria’s VAT comes from Lagos



Speaking at the parley between the federal government and progressive governors forum (PGF) in Abuja on Tuesday, Adeosun said the 87 percent of Nigeria’s VAT is derived from four states and the Federal Capital Territory (FCT).

In other words, only 13 percent of Nigeria’s VAT comes from 32 other states in the federation.

According to her no country in the world with high tax compliance rate is poor, and no rich country has a low tax compliance rate.

Quoting current VAT collection data across Nigeria, the minister said “55% of Nigeria’s VAT is collected in Lagos State. 20% in FCT, 6% in Rivers, 5% in Kano, 1% in Kaduna”.

“I’m hoping that one day Finance Commissioners will stop needing to come to Abuja monthly to share FAAC, because IGR (internally generated revenue) will be sufficient.”

Lagos-55%
FCT-20%
Rivers-6%
Kano-5%
Kaduna-1%

https://www.thecable.ng/adeosun-half-nigerias-vat-comes-lagos

Wiseandtrue:
My dear, e tire me!

Before now, the narrative was that after Lagos State, it's Ogun State!

How did it change all of a sudden

Even Kano, how Don't tell me about university cause virtually every state now have that and are doing well too!

amc:
And the ones contributing nothing are the loudest on social media. Why are they so happy when their states would be losing out?

DubaiLandLord:
IGR is different from VAT

poiZon:
From VAT u get ur IGR