30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime - Politics (3)

30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime (31409 Views)

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Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by BKayy: 11:54am On Sep 10, 2021

BleedTears:
I am not a lagosian, either am I from PH.

But na 85-90% for the sake of peace, if not na 95%

Anybody when no like am should go and work hard in his state.

Some governor just sit down, dey harvest, dey leap where they did not sow.

Even people that claims they have the highest population by state.
Now the VAT on telecoms will prove them right or wrong if this works. They will have to explain how they contribute high VAT when the FG was in charge but fail to sustain themselves when it was desolved to state level.
You now see why the North is worried. Most especially Kano

2 Likes 1 Share

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by hotseat: 11:54am On Sep 10, 2021

The die is cast!

The policy that encourages states to be lazy is coming to the end of the road.

True federalism is gradually getting its foothold and it is the sure way to go.

Faced with the possibility of going bankrupt, states would have no other choice but to put on their thinking caps.

With time, every state would find its bearings.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by jimmynauty: 11:55am On Sep 10, 2021

Mossadd:
Any lazy state that want to go bankruptcy should not hesitate to go, if their citizens suffer for 4 years they will learn how to vote for an intelligent candidate that will work for the people not the one that is just opportune to have money to buy votes without nothing to offer

I bless this...

3 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Nobody: 11:55am On Sep 10, 2021

Jonathan39:
There is no negotiation, Every state should fend for itself.

Correct .State should get creative. This is why Nigeria's brightest brains are advocating a leaner and regional democracy. Why host 36 Governors when we could have 4 to 5 regional prime ministers assisted by a few sub-regional administrators?

Nigeria is a horribly unfeasible vanity project. We have a democracy far more expensively bloated and unwieldy than nations 200 times richer than us !!!!

What is wrong with the black man for fck sake !!!!
This is an opportunity to embrace brave and radical reforms that will undo the millions of stupidity past leader, clueless about the running of modern nations, foisted on Nigeria.

Why, for example do States even need three Senators when clever folks know that we are not duty bound to copy others blindly, i.e USA, just because we have adopted their political system?

Should the tail wag the Dog, as seen with Nigeria, or should the Dog wag the tail as obtains worldwide? Nigerian leaders are too lazy, uninspired and clueless. In the midst of plenty, they still remain dullards who cannot fathom solutions right in front of their eyes.

Everything is about federal allocation, bloated governance and Abuja handout for most of them.

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Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by mhmsadyq(m): 11:56am On Sep 10, 2021

BKayy:
Even people that claims they have the highest population by state.
Now the VAT on telecoms will prove them right or wrong if this works. They will have to explain how they contribute high VAT when the FG was in charge but fail to sustain themselves when it was desolved to state level.
You now see why the North is worried. Most especially Kano

Is Kano worried?

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by emmykk(m): 11:57am On Sep 10, 2021

techwaya:
I said it earlier,this tax formulae will not work some States will just collapse,this is more like resources control.

This is not resource control...if the federal govt by any means stop VAT another problem bigger than VAT will affect oil companies in Niger delta

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Charly68: 11:57am On Sep 10, 2021

Any state that can't cope must return back to their old status before creation. In other words they must be merged..

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Jonathan39: 11:58am On Sep 10, 2021

How old is Nigeria and when do you think is the right time?

DubaiLandLord:
The painful decision have to be made, but not in a hasty way.

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Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by DerrickzB: 11:59am On Sep 10, 2021

DubaiLandLord:
FIRS should just renogotiate with the major states. For example, Lagos State, FCT, Rivers and the rest of the states can keep 50-60% of what she generates, why the rest of the 40% will be shared among the 36 stayed and the FCT equally.

There can be a timeline, It can be till 2030. Between 2021 and 2030, the rest of the states go don dey work hard, towards creating a conducive environment for business to be establish in each State.

This will be a win win situation for the states and FG.

Brother, while you made sense ehn!! I have no pity for any state that wants to die because they have since been eating far on another states sweat!! It’s the north that would start dying off and I’m sure we are okay with that!!!

2 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by mu2sa2: 12:00pm On Sep 10, 2021

DubaiLandLord:
FIRS should just renogotiate with the major states. For example, Lagos State, FCT, Rivers and the rest of the states can keep 50-60% of what she generates, why the rest of the 40% will be shared among the 36 stayed and the FCT equally.

There can be a timeline, It can be till 2030. Between 2021 and 2030, the rest of the states go don dey work hard, towards creating a conducive environment for business to be establish in each State.

This will be a win win situation for the states and FG.

It's not collection of Vat that's the problem with the present arrangement, what is needed is an equitable distribution formula. No state will go bankrupt even if FIRS is stopped from collecting tax. Neither will Rivers, Fct and Lagos necessarily get richer, because with more money corruption increases exponentially and the increased revenue may simply be stolen by useless people in government. Federal government will even be raking in over 50% of Vat compared to the present 15%. Ipob miscreants praising Wike now thinking northern state will lose out are utter ignoramuses.

2 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by ojsmscom(m): 12:00pm On Sep 10, 2021

DubaiLandLord:
FIRS should just renogotiate with the major states. For example, Lagos State, FCT, Rivers and the rest of the states can keep 50-60% of what she generates, why the rest of the 40% will be shared among the 36 stayed and the FCT equally.

There can be a timeline, It can be till 2030. Between 2021 and 2030, the rest of the states go don dey work hard, towards creating a conducive environment for business to be establish in each State.
This will be a win win situation for the states and FG.

inasmuch as my state is not industrialized,I know the vat policy will affect my state revenue but it is injustice to rob peter to pay Paul please the policy should be implemented at least it will enable many states to sit up...till when will they keep pampering the federation..if your state cannot exist as a state then put it up for sale. Or if you think you cannot run your state with what the state has then resign let young technocrats come into play.. this VAT development is a blessing to the 36 states in disguise..let's embrace it,it will bring about avoidance of economic waste..kudos to Lagos and wike

3 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by BKayy: 12:02pm On Sep 10, 2021

mhmsadyq:
Is Kano worried?

Who is worried if not them. Which state made Wike to move this campaign?
They are the most worried

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Sanchez01: 12:03pm On Sep 10, 2021

I swear, I knew this came from Daily Trust before I opened it! This useless platform does not try to hide their bias. Daily Trust is pro-North and for anyone who is sensitive enough, it shouldn't come as a surprise that this is coming. I even told someone offline yesterday that I expect Daily Trust to berate the new move.

To the news, 30 states can't be affected. It won't be up to 30. However, every Northern state won't be spared.

2 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by NaijaEcash(m): 12:03pm On Sep 10, 2021

In time past, no part of our nation depended on other parts to survive. Every part was actively working and generating income. The idea of getting something for nothing has done so much damage to our society and created great confusion for the upcoming generation. Irrespective of how the VAT issue gets resolved by the courts, one lesson it has taught us all is that you cannot sit idle and expect to live large on others contributions. God bless Nigeria.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Nobody: 12:03pm On Sep 10, 2021

hotseat:
The die is cast!

The policy that encourages states to be lazy is coming to the end of the road.

True federalism is gradually getting its foothold and it is the sure way to go.

Faced with the possibility of going bankrupt, states would have no other choice but to put on their thinking caps.

With time, every state would find its bearings.

Bro, I have said it till blue in the face. Change can only be delayed but never denied. That is the order of the universe. Nigeria cannot continue being an aberration existing in a vacuum. Something has to give sooner or later.

At one stage we would have no choice but to change/adapt or die. Dem no dey telli person when the time don come lol. All the mess previous leaders created has now led us to the edge of the precipice. We cannot retreat anymore.

"When the time is right my brother eh
Telli Person telli Person o
Dem no dey telli person
When your eyes go clear o
Telli Person Dem no dey telli person"

https://www.youtube.com/watch?v=kOTT9vZ8liA

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by viyon02: 12:05pm On Sep 10, 2021

Nigeria is so blessed that every state has resources it can rely on, just that leaders or leader can't think out of the box..,... Most of the north west states have gold, lron ore, is found across Nigeria with large mid-grade in the central part, coal is found in the North Eastern, central and South Eastern part, Bitiment and Tar sand resources found in the south Western part, while limestone found across Nigeria. The only thing we need is to look for expertises........ Our professors in our various universities can do most of these jobs they only need encouragement from Government. since, Nigeria do not encourage education anymore except evil entertainment E.g BBnaija

3 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by BusinessDream: 12:05pm On Sep 10, 2021

techwaya:
I said it earlier,this tax formulae will not work some States will just collapse,this is more like resources control.

it will work. Whether you and those in same line of thought like it or not, it has come to stay.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by BusinessDream: 12:06pm On Sep 10, 2021

DubaiLandLord:
FIRS should just renogotiate with the major states. For example, Lagos State, FCT, Rivers and the rest of the states can keep 50-60% of what she generates, why the rest of the 40% will be shared among the 36 stayed and the FCT equally.

There can be a timeline, It can be till 2030. Between 2021 and 2030, the rest of the states go don dey work hard, towards creating a conducive environment for business to be establish in each State.

This will be a win win situation for the states and FG.

No... There should be no way to negotiating in this. Let those that want to collapse, collapse.

Those that will rise up to the action will do so.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by nisai: 12:11pm On Sep 10, 2021

Sanchez01:
I swear, I knew this came from Daily Trust before I opened it! This useless platform does not try to hide their bias. Daily Trust is pro-North and for anyone who is sensitive enough, it shouldn't come as a surprise that this is coming. I even told someone offline yesterday that I expect Daily Trust to berate the new move.

To the news, 30 states can't be affected. It won't be up to 30. However, every Northern state won't be spared.

Na so.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Safyqueen: 12:12pm On Sep 10, 2021

Fahdiga:
Northern parasites will continue banging their oblong head on the floor until they receive sense

If you are a human being with home training, how does this bring about insults on the northerners vis-a-vis their mode of worshipping ALMIGHTY GOD?

You think VAT is everything? If Kano state introduce tax on every non indigene doing business in Kano especially Ibos, do you think wahala will not ensue? They may not care because they know only few of their people are in the East. If you don't know let me tell you, most of the beverages industries in the south has their farms in the north, what of security personnel, I m talking about human resources, you think Nigeria is just great because of VAT, no, is because of her population and mineral resources and the rest.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by pfadom: 12:13pm On Sep 10, 2021

Viability of states should be based on economic sustainability rather than political, ethnic and religious biases.

1999 constitution as amended is still very viable. We should put it to test. The southern governors should begin negotiations for a better Nigeria based on what they have to their advantage.

We should be less bothered about the millions of voters in the Fulani and Kanuri kingdoms who contribute nothing but insurgency, banditry, terror and population without productivity.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Pharaoh4rin(m): 12:13pm On Sep 10, 2021

Thermodynamics:
States de collect VAT Lagos sef wan still de collect VAT, Lagos when the whole Nigeria de feed. Lagos is a metropolitan city that was built by the entire Country. There is nothing special about the place, if not for sea port, Lagos for be like Ogun or Abia, there are sea ports in Calabar, Warri and Port Harcourt, but in a bid to make Lagos the center of attraction, the federal government refuse to grant license to the sea ports in Niger Delta.

I support that each start should collect their VAT but Lagos nor join, Lagos is for the entire Country. The state nor even get any resources, unlike Rivers State which has an intrinsic value.

Jealous

2 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Winters23: 12:14pm On Sep 10, 2021

CR777:
Good development.
No matter how bad it gets, I am sure we Igbos can never eat grass unlike the useless religious blinded fools we have in a certain region.

They have tried all their best to hold us down in this country, but our chi no dey sleep.

Despite not holding a juicy post in this administration run by the most useless and nepotic president, we are still waxing strong from every angle.

God bless umunnem.
God bless Igbos all over the country and outside.

How are igbos waxing strong?

Is there any law that says you guys can not wax strong in your homeland except coming to Lagos?

Other southern states are working hard to bring change but the entire south east state are doing nothing, later they'll start complaining of being marginalised.

SE is holding southern Nigeria back just thesame way north is holding the country down.

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by sammirano: 12:14pm On Sep 10, 2021

Restructuring is sweet when its yet to hapen. These governors that are already misbehaving with small power, just imagine what happens after. Una go suffer

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Goldencheese(m): 12:15pm On Sep 10, 2021

Mossadd:
Any lazy state that want to go bankruptcy should not hesitate to go, if their citizens suffer for 4 years they will learn how to vote for an intelligent candidate that will work for the people not the one that is just opportune to have money to buy votes without nothing to offer

Wow. May your days be long in health, peace, prosperity and may your path be strewn with oil and gold. You made my day. Couldn't have said it better.

2 Likes

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by BKayy: 12:15pm On Sep 10, 2021

Safyqueen:
If you are a human being with home training, how does this bring about insults on the northerners vis-a-vis their mode of worshipping ALMIGHTY GOD?

You think VAT is everything?] If Kano state introduce tax on every non indigene doing business in Kano especially Ibos, do you think wahala will not ensue? They may not care because they know only few of their people are in the East. If you don't know let me tell you, most of the beverages industries in the south has their farms in the north, what of security personnel, I m talking about human resources, you think Nigeria is just great because of VAT, no, is because of her population and mineral resources and the rest.

@ emboldened, it will lead to tremendous increase in price of goods in Kano. Of which if the profit could not sustain it, the businessmen will move to another viable place, thus reducing Kano to a waste land.
Government is not run with sentiments

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Crossroad1(m): 12:15pm On Sep 10, 2021

Mossadd:
Any lazy state that want to go bankruptcy should not hesitate to go, if their citizens suffer for 4 years they will learn how to vote for an intelligent candidate that will work for the people not the one that is just opportune to have money to buy votes without nothing to offer

too much sense in one sentence bro!!

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by egoldman(m): 12:17pm On Sep 10, 2021

This is the way to go, this restructuring happing quitetly and peacefully.

Governors must seat up and look inward instead of wait for Abuja federal allocation.

Thos one of the best way to halt secessionist agitations. Also those that are called parasites will prove otherwise.

We move grin

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by Crossroad1(m): 12:18pm On Sep 10, 2021

DubaiLandLord:
FIRS should just renogotiate with the major states. For example, Lagos State, FCT, Rivers and the rest of the states can keep 50-60% of what she generates, why the rest of the 40% will be shared among the 36 stayed and the FCT equally.

There can be a timeline, It can be till 2030. Between 2021 and 2030, the rest of the states go don dey work hard, towards creating a conducive environment for business to be establish in each State.

This will be a win win situation for the states and FG.

let them start working hard now. They loot anyhow because they see free money..

Re: 30 States Risk Bankruptcy As Lagos, Rivers Set For New VAT Regime by egoldman(m): 12:18pm On Sep 10, 2021

techwaya:
I said it earlier,this tax formulae will not work some States will just collapse,this is more like resources control.

What exactly is wrong with resource control? Abi the gold Zamfara has been mining and pocketing the proceeds, is that not resource control?

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