₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,330,969 members, 8,448,034 topics. Date: Sunday, 19 July 2026 at 03:08 PM

Toggle theme

Southern Governors Declare Support For States To Collect VAT - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsSouthern Governors Declare Support For States To Collect VAT (13951 Views)

1 2 3 Reply (Go Down)

Re: Southern Governors Declare Support For States To Collect VAT by enemyofprogress: 6:44pm On Sep 16, 2021
Very good! Haboki must suffer
Re: Southern Governors Declare Support For States To Collect VAT by eebraa(m): 6:45pm On Sep 16, 2021
Lol. Even states like Ekiti and Osun dey shout VAT.
Re: Southern Governors Declare Support For States To Collect VAT by Babaken: 6:46pm On Sep 16, 2021
SirBlack999:
Another melt down for Atiku on twitter.

No food for lazy man, or should I say, no VAT for no drunkard.
Baby steps, Nigeria is slowly being renegotiated.



I noticed the supreme court governor and the efulefu that calls himself Umahi weren't there.
him been there is of no use.
Re: Southern Governors Declare Support For States To Collect VAT by eebraa(m): 6:46pm On Sep 16, 2021
enemyofprogress:
Very good! Haboki must suffer
H factor must show itself. Afonja
Re: Southern Governors Declare Support For States To Collect VAT by BigYash:
MajorOvakporaye:
Since news like this started hitting front page, has gone into hiding. I saw his alternate moniker Udele1 not long ago. Shame no allow am use the known moniker
Terrorist no dey like better thing nau.. So you can't see him in issues like this..
Re: Southern Governors Declare Support For States To Collect VAT by Hamiltonii: 6:51pm On Sep 16, 2021
eebraa:
Lol. Even states like Ekiti and Osun dey shout VAT.
Before nko? Take up the challenge and fend for yourself. Don't plan your budget on another man's finance, it leads to disappointment.
Re: Southern Governors Declare Support For States To Collect VAT by Tranquill: 6:55pm On Sep 16, 2021
Giovanni2332:
The Judas we all know , of course the Sarkin fulani of Imo state the supreme court governor Hopeless Amudinjo
posty56:
uzodinma the foolish @$$licker.
I just read somewhere else now that it's Anambra that did not show up. Imo sent the Deputy Gov.
Re: Southern Governors Declare Support For States To Collect VAT by Zagee: 6:59pm On Sep 16, 2021
Any news on the Appeal court ruling that was suppose to hold todayhuh
Re: Southern Governors Declare Support For States To Collect VAT by Obicon(m): 7:07pm On Sep 16, 2021
Good steps by them. Their position on the discussed matters is good.

The the only challenge now will be some southern east governors that are foot dragging.
Notable amongst them are ebonyi and imo states governors.
Re: Southern Governors Declare Support For States To Collect VAT by techWriter1: 7:15pm On Sep 16, 2021
Great newsSouthern governors language with united
Re: Southern Governors Declare Support For States To Collect VAT by membranus: 7:15pm On Sep 16, 2021
eebraa:
Lol. Even states like Ekiti and Osun dey shout VAT.
Yes. They will be able to charge it appropriately in their respective state, and gain economic momentum by it.
Re: Southern Governors Declare Support For States To Collect VAT by enemyofprogress: 7:21pm On Sep 16, 2021
eebraa:
H factor must show itself. Afonja
very good! Haboki must suffer
Re: Southern Governors Declare Support For States To Collect VAT by brio1408: 7:34pm On Sep 16, 2021
Stop posting anything that will encourage Yahoo yahoo. Go and work
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
Re: Southern Governors Declare Support For States To Collect VAT by eas01: 7:41pm On Sep 16, 2021
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
Cowrabian like you with your cowrabian reasoning. You reason like a boko-taliban. If fact you reason like Mumu-Ha!-MAD.
How can you say no region is useless. The aboki NE and NW bar Taraba and much of Adamawa is useless. I told you if you confident fight for regionalism to prove your usefullness. This doesn't cut it. You guys leech on the resources of the south and middle belt.
Re: Southern Governors Declare Support For States To Collect VAT by Fathai(m): 8:19pm On Sep 16, 2021
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
total nonsense
Re: Southern Governors Declare Support For States To Collect VAT by eebraa(m): 8:21pm On Sep 16, 2021
Hamiltonii:
Before nko? Take up the challenge and fend for yourself. Don't plan your budget on another man's finance, it leads to disappointment.
If you truly know the neaning of VAT, you won't type this.
Re: Southern Governors Declare Support For States To Collect VAT by Esteve24: 9:15pm On Sep 16, 2021
Tranquill:
I counted 16 persons, I thought it's supposed to be seventeen so which state refused to attend? I also see some states sent their deputy govs.
Anambra State Governor no come and he no send representative
Re: Southern Governors Declare Support For States To Collect VAT by Freebills12: 9:38pm On Sep 16, 2021
[color=#000099][/color]
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
I was expecting you to mention how your brethren see alcohol as a Haram but fights for the VAT derive from it. You also missed how Hishba militant destroys people's business but still fights for VAT derive from the same business they destroyed.
Re: Southern Governors Declare Support For States To Collect VAT by od501: 10:03pm On Sep 16, 2021
Wisdomkosi:
BREAKING!!! Southern Governors Declare Support For States To Collect VAT

By Wisdom Nwedene

Southern Nigeria Governors have declared their support for States to collect Valued Added Tax (Tax) instead of the Federal Inland Revenue Service, FIRS.

In a communique issued after their meeting in Enugu State on Thursday, the Southern Governors reaffirmed its earlier commitment to fiscal federalism as resolved at the inaugural meeting of the Forum held on Tuesday, 11th May 2021 at Asaba, Delta State and emphasized the need for the Southern States to leverage the legislative competence of their respective State Houses of Assembly as well as representation in the National assembly to pursue its inclusion in the Nigerian Constitution through the ongoing constitutional amendment.

The Southern Governors further said the meeting resolved to support the position that the collection of VAT falls within the powers of the States.

IGBERE TV recalls that Rivers State Governor, Nyesom Wike has been battling the issue of who ought to collect VAT with the Federal Inland Revenue Service, FIRS.

While Governor David Nweze Umahi of Ebonyi State declared support for Federal Government to collect VAT, the meeting held on Thursday saw the Southern Governors declaring support for Wike and Lagos State Governor, Babajide Sanwo-Olu.

Other issues discussed during the meeting include,

1. Expressed satisfaction with the rate at which the States in the Southern Nigeria are enacting or amending the Anti- Open Grazing Laws which align with the uniform template and aspiration of Southern Governors and encouraged the States that are yet to enact this law to do so expeditiously.

2. Encouraged the full operationalization of already agreed regional security outfits; which would meet, share intelligence and collaborate, to ensure the security and safety of the region.

3. Reaffirmed its earlier commitment to fiscal federalism as resolved at the inaugural meeting of the Forum held on Tuesday, 11th May 2021 at Asaba, Delta State and emphasized the need for the Southern States to leverage the legislative competence of their respective State Houses of Assembly as well as representation in the National assembly to pursue its inclusion in the Nigerian Constitution through the ongoing constitutional amendment.

4. Following from paragraph “3” above, the meeting resolved to support the position that the collection of VAT falls within the powers of the States.

5. Expressed satisfaction with the handling of issues around the Petroleum Industry Act (PIA) and ownership of Nigerian National Petroleum Corporation (NNPC) by the larger Nigerian Governors’ Forum.

6. Reiterated their earlier position that the next President of Nigeria must come from the Southern part of Nigeria in line with politics of equity, justice and fairness.

7. The Forum thanked the host Governor, Rt. Hon. Ifeanyi Ugwuanyi, and chose Rivers State as the next host for the Southern Governors’ Forum meeting in November 2021.

Source : https://igberetvnews.com/1400423/breaking-southern-governors-declare-support-states-collect-vat/
That means...less terrorist sponsorship.
Re: Southern Governors Declare Support For States To Collect VAT by Uncleodi(m): 10:11pm On Sep 16, 2021
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
You have spoken well
Re: Southern Governors Declare Support For States To Collect VAT by eguarojeona: 10:22pm On Sep 16, 2021
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
With your moniker your drivel is expected.Facts and figures have shown that since 1914 ,the north has been a parasite on the south.And if the south were serious no northerner should be close to any position of power.But the south is both naive and tolerant.Never again.Buhari came.
Re: Southern Governors Declare Support For States To Collect VAT by mekussa(m): 10:24pm On Sep 16, 2021
Una dey talk of Supreme court govanor and Umahi.... At least the send representatives.

No one has mentioned ANAMBRA STATE ISI SHAMPOO who did not come and did not send a representative.
Accursed individual.
Re: Southern Governors Declare Support For States To Collect VAT by flokii:
Shame on Umahi.. a Southern governor going against Rivers and Lagos just to please his masters up North.

I no kuku blame am.. a region that generates next to nothing in VAT revenue but collects free pocket money for 5 tiny unproductive states from FG to loot won't want the freebie to end.

Whether SE people like it or not, SW and SS will go on to push for control of their VAT revenue for the development and better living for people in the zones. leeches can't think outside the box but wail and keep leeching.
Re: Southern Governors Declare Support For States To Collect VAT by OutisComputers7: 10:29pm On Sep 16, 2021
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
You need to see a doctor
Re: Southern Governors Declare Support For States To Collect VAT by Saintsquare(m): 10:30pm On Sep 16, 2021
Giovanni2332:
The Judas we all know , of course the Sarkin fulani of Imo state the supreme court governor Hopeless Amudinjo
lol this your comment funny die grin grin
Re: Southern Governors Declare Support For States To Collect VAT by IzRayl: 10:35pm On Sep 16, 2021
grin grin no be only take away, na nylon.. Oga shift go one side
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
Re: Southern Governors Declare Support For States To Collect VAT by rotadeco27: 10:51pm On Sep 16, 2021
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
I can't laugh, the earlier u people face the reality the better ,restructuring is the best the north can get from this ,any attempt to play smart will lead to total disintegration.
Re: Southern Governors Declare Support For States To Collect VAT by Gfskw: 10:58pm On Sep 16, 2021
Really
Re: Southern Governors Declare Support For States To Collect VAT by Bmaster(m): 11:06pm On Sep 16, 2021
Ibkhaleel001:
My 5 Takeaways from the VAT debate
For me, every situation provides a learning opportunity. The issues thrown up by the VAT debate have helped me to know what I didn't know before now.
Here are my takeaways or what I have learnt so far.
1. Headquarters Effect: I have never heard the phrase before. Now, I know what this means, thanks to the tax experts who have educated us on why Lagos holds the diadem as the biggest contributor to VAT revenue. Companies that have their Headquarters in Lagos with operations across the country remit all VAT collections through their head office in Lagos. A chunk of what is collected as VAT in Lagos are activities that took place outside Lagos. Revealing!

2. Derivation Principle: Like oil producing states that enjoy 13% derivation from proceed of oil production, 36 states plus FCT also enjoy 20% derivation from VAT proceeds before equality of states and population are factored into sharing formula. So, the oil producing states are not the only states enjoying derivation. Great to know!

3. VAT on Agricultural produce: By deliberate design of the Federal Government, VAT is not charged on some agricultural products to make food cheap and affordable. Pity!

4. Father Xmas FG: More than 50% of the VAT revenues are from imports via Customs, Port Authority and Federal government contracts across MDAs. The Federal government just collects its own money, take 15% and share 85% of total sum to states and local government. Plenty free lunch in Freetown still!

5. Ethnic Baiting Works: If you want to provoke popular sentiments to win support for any self-serving agenda in Nigeria, you don't need to be imaginative. Just say there is 'injustice' in Nigeria and that the resources of one part of the country is used to prop up the other part. Wait to see people whose states are sponging off Federal largese become emergency placard-carrying freedom fighters. Pathetic!


Anyway, make people calm down. Running a country is different from running a business. No part of Nigeria is useless. Every part is doing their bit. We only need to produce more and charge appropriate taxes across board. There's no parasite in this country only if you remove your bigotry glasses...
Too many wisdoms in short phrases of words
Re: Southern Governors Declare Support For States To Collect VAT by Akuruoulo(m): 11:42pm On Sep 16, 2021
SirBlack999:
Another melt down for Atiku on twitter.

No food for lazy man, or should I say, no VAT for no drunkard.
Baby steps, Nigeria is slowly being renegotiated.



I noticed the supreme court governor and the efulefu that calls himself Umahi weren't there.
Forget about those two efulefu
1 2 3 Reply

FG Loses Out, NASS Affirms States’ Power To Collect VATObaseki: "FG Printed 60 Billion Naira For States To Share"PDP Governors Declare New Police Act Unconstitutional234

Anambra Election: INEC Begins Distribution Of Sensitive Materials To 21 LGAsBudget Padding: N47.5 Billion For Rehabilitation Of 50 Schools Without LocationHon. Independence Ogunewe: Incalculable Loss To Nigeria's Democracy And Imolites