₦airaland Forum

The irony of increased taxation is that you can't trust the Nigerian government.

They will most likely embezzle the money, maintain the status quo and claim that there is nothing on ground.

afrodoc2:
Supporting Obi was a fad so many people joined cos it appeared to be the fashionable thing to do. But novelty and excitement can only carry you so far. When many of them calm down and take time to listen to their guy they will realise that his manifesto is one big, fat "Trust me bro".

[color=royalblue]Na that unnecessary stats wey e
dey talk dey vex me sometimes [/color]

wman:
The irony of increased taxation is that you can't trust the Nigerian government.

They will most likely embezzle the money, maintain the status quo and claim that there is nothing on ground.

The citizens would not take it.

If 50% of your salary is taxed even before it hits your Zenith account, you would not tolerate any incompetence from PHCN or bad roads from your LG chairman.

You would not dedicate 90% of your ample time voting for the next BBN winner when the government can’t explain what they are doing with 50% of your monthly salary.

The public’s interest in government expenditure would heighten.

wman:
The irony of increased taxation is that you can't trust the Nigerian government.

They will most likely embezzle the money, maintain the status quo and claim that there is nothing on ground.

Anybody clamoring for more taxation in the face of the current economic realities is just being obtuse . Lagos State government collects tax via multiple fronts…. Market women pay to Local government agents, transporters pay to NURTW (which the state government seem to be comfortable with prior to MC Oluomo having issues with the national body ) , Companies are pursued to remit to LIRS whatever is due to them , land use charge is being collected steady ……. Yet u can see a whole lot of projects left undone by the state and local government . You see people parroting about increase in IGR and all, yet the development on ground to show for it is minimal . Lagos state water corporation does not even provide 1/10th of the clean water people use in Lagos .

The people currently paying tax enjoying next to nothing from the tax they pay; yet u will burden them With more tax on the promise that they will enjoy the benefits when they pay more ? Is that playing ? What sort of playing is that ?

We spend the little money we have on frivolities and unnecessary vanity . Most ministries every year when they submit their budget will make budget for new Toyota Landcruiser Prado for the top guys on a yearly basis and it gets approved . Why buy new Landcruiser prado every year ?

If we don’t curb such excesses first, any further attempt to raise more money will end up in more corruption still eating the funds . At least we’ve seen how Abacha loot being distributed has been “judiciously used” thus far .

Illimitable:
Lies Lies Lies!!!

you want me to accept your post n neglect mine even when we lifted from same source??


baba...go eat agbado

Amoto94:
https://www.nairaland.com/7250117/re-heavy-shootings-ministers-hill

Some Embassies ain't far to Ministers Hill. Especially some European Nations have their Embassies off Danube Street.

Nigeria is seriously bleeding and seems Buhari is not interested in governance again. He should step aside if he's overwhelmed nau.

izzou:
[color=royalblue]I am talking about the Presidential level oh.

Na that was what Wike was emphasising about.

They failed. Make we try another "failure"[/color]

So Obi who left PDP to Labor has suddenly become a new person, Kwankwanso who left PDP for NNPP has become a new person

When Atiku left PDP for AC did he become a lesser thief

Oasis007:
Nigeria is seriously bleeding and seems Buhari is not interested in governance again. He should step aside if he's overwhelmed nau.

[color=royalblue]At what point was he even interested?

What we are seeing is the effects of feeding the Hydra.
[/color]

raumdeuter:
So Obi who left PDP to Labor has suddenly become a new person, Kwankwanso who left PDP for NNPP has become a new person

When Atiku left PDP for AC did he become a lesser thief

[color=royalblue]I am talking about punishing a party when they fail.

If your party fails, you will be voted out. Decamping won't change anything. Your party is out already.

These guys are the same thing. Abi you no dey see am?
[/color]

"At a point, El-Rufai who was part of those who brought them came out openly and confessed that the only way to eliminate them is to attack their hideouts and kill all of them, including those who are mediating. But who will give the order?"

[color=royalblue]Truth will always be like Alomo Bitters.

Let's keep negotiating with people taking advantage of us[/color]

https://gazettengr.com/nigerian-soldiers-busted-for-sharing-in-n100-million-ransom-paid-by-deji-oyewunmi-abducted-kaduna-train-passenger/

“After we did all the consultations and we arranged. the N100 million cash for the bandits, we met some Nigerian soldiers at several checkpoints leading to the forests in Kajuru, and they collected large amounts ranging from N100,000 to N220,000,” a source familiar with the matter said. “They were boldly telling us that it was their share of the ransom and the bandits would understand.”

“We were short about N700,000 from the N100 million by the time we got to the bandits,” the source added. “We were all ashamed that Nigerian soldiers had the audacity to openly collect their own share because they were laughing and mocking us at the checkpoints that it was their own share of the ransom we were taking to the bandits.”

Another source said some of the soldiers sympathised with the victims and their relatives affected by the mass abduction but said they had also been in the trenches for months without adequate supplies.

This is why this cannot be stopped.

Segedinho:
you want me to accept your post n neglect mine even when we lifted from same source??


baba...go eat agbado

Your comment was from Obi’s commissioner. Who else would he pander to if not Obi Wan?

Investigations revealed why Obi sacked the VC. Obi suspected the VC was in bed with the protesting lecturers and he slammed the hammer on the VC.

Oasis007:
Nigeria is seriously bleeding and seems Buhari is not interested in governance again. He should step aside if he's overwhelmed nau.

Baba say he can't wait to relinquish power but same baba no want cmot b4 election.



The man no even send naija again.........

izzou:
[color=royalblue]I am talking about punishing a party when they fail.

If your party fails, you will be voted out. Decamping won't change anything. Your party is out already.

These guys are the same thing. Abi you no dey see am?
[/color]

You decide to punish a party, the same politician move from the party to the next one

Atiku Kwankwaso, Obi were all in PDP till recently

So Nigeria decide to punish APC then Tinubu ElRufair Buhari decamp to the next party where people are favouring

GloriousGbola:
https://gazettengr.com/nigerian-soldiers-busted-for-sharing-in-n100-million-ransom-paid-by-deji-oyewunmi-abducted-kaduna-train-passenger/




This is why this cannot be stopped.

[color=royalblue]It's like the Internet service in the forest is bad.

These soldiers don't know there's a new meal in town.[/color]

Illimitable:
Your comment was from Obi’s commissioner. Who else would he pander to if not Obi Wan?

Investigations revealed why Obi sacked the VC. Obi suspected the VC was in bed with the protesting lecturers and he slammed the hammer on the VC.

This was Obi when quizzed..


was there normacy after d sack

raumdeuter:
You decide to punish a party, the same politician move from the party to the next one

Atiku Kwankwaso, Obi were all in PDP till recently

So Nigeria decide to punish APC then Tinubu ElRufair Buhari decamp to the next party where people are favouring

[color=royalblue]Every name you bring up has jumped from one party to another, including Tinubu.

We can only punish a party for underperforming since the aspirants can change parties like an Olosho at Allen[/color]

Segedinho:
everything my bro.

a weak and sicky person have almost all the time for his health..

As at the last time of US elections,

Trump = 74 years
Biden = 78 years.

Mitch McConell is 80, Nancy Pelosi is 82

This weird idea that young looking politicians are better for the job than old people is highly idiotic.

Yahya Bello was 40 when he became a governor, what impact has he made since? Dimeji Bankole was 38 when he was elected speaker of the house, what ground breaking policies did he make while he was there.

Dino Melaye was 41 when he became a senator. He’s arguably the most irresponsible law maker in the history of Nigeria. I don’t get what age has to do with governance but this is Nigeria. Many of you people have outsourced your thinking faculties to social media influencers.

Illimitable:
As at the last time of US elections,

Trump = 74 years
Biden = 78 years.

Mitch McConell is 80, Nancy Pelosi is 82

This weird idea that young looking politicians are better for the job than old people is highly idiotic.

Yahya Bello was 40 when he became a governor, what impact has he made since? Dimeji Bankole was 38 when he was elected speaker of the house, what ground breaking policies did he make while he was there.

Dino Melaye was 41 when he became a senator. He’s arguably the most irresponsible law maker in the history of Nigeria. I don’t get what age has to do with governance but this is Nigeria. Many of you people have outsourced your thinking faculties to social media influencers.

i am talking about a weak and a sticky man with a suspected case of senility..


you are looking at just age........

Illimitable:
As at the last time of US elections,

Trump = 74 years
Biden = 78 years.

Mitch McConell is 80, Nancy Pelosi is 82

This weird idea that young looking politicians are better for the job than old people is highly idiotic.

Yahya Bello was 40 when he became a governor, what impact has he made since? Dimeji Bankole was 38 when he was elected speaker of the house, what ground breaking policies did he make while he was there.

Dino Melaye was 41 when he became a senator. He’s arguably the most irresponsible law maker in the history of Nigeria. I don’t get what age has to do with governance but this is Nigeria. Many of you people have outsourced your thinking faculties to social media influencers.

you're completely saying different thing, he said "a weak and sicky person".

the above people that you listed, who among em re sick when they started running for offices.

EmmanuelScott1:
you're completely saying different thing, he said "a weak and sicky person".

the above people that you listed, who among em re sick when they started running for offices.

Joe Biden was even hiding in his basement for most of the campaign and reduced his outings significantly

Emmynator:
LOL, I dey the same boat with you.
I am neither obidient, Batified or atikulated.
I believe that they are all different shades of bad, but in the spirit of exercising my democratic rights, I will be voting Obi.


But seriously, can any obidient explain what is so secret about Obi's solution to security that he stated "but I won't be able to disclose it" about 5 times in the interview. And also the elephant in the room question Nigerians failed to ask Buhari in 2015, "why hasn't he shared the magic formula with the government?" (assuming there is one).

I am not an "obidient" and will never be, but to answer your question, Obi has been vehemently warned to stop scoring own goals by speaking in the rubbish when asked questions beyond him, he has been advised to always default to "but I won't be able to disclose it" when faced with such questions.

Every free floating currency is performing poorly against the dollar except those countries with foreign reserve to artificially prop against the dollar. Dollar is about the third best performing currency this year. That's because stockmarkets which have been pumped on steroids since the Quantitative Easing at the start of the pandemic are now selling those stocks into dollar. Marketcap of American companies is circa $40trln. If a quarter of that money flees, that's $10trln looking for a place to go - and a lot of it will go into dollar, some into bonds etc. Forget what you heard, Nigeria nor any third world country does not have enough foreign Reserve to keep up with the dollar. I believe like Nihilistjnr said, the rate of spending Emefiele was doing to keep dollar parity was becoming too much. For context, that money Emefiele was spending ($3bln every 2 months) is equivalent to $18bln a year if he continued, which is equivalent to half of FGs annual budget. Of course, Foreign Reserve does not make up part of the budget but the comparison to budget gives some context.

Almost every other country is struggling right now from losing ground on the dollar. Below is the US dollar index DXY against a basket of blue chip currencies.

Illimitable:
The citizens would not take it.

If 50% of your salary is taxed even before it hits your Zenith account, you would not tolerate any incompetence from PHCN or bad roads from your LG chairman.

You would not dedicate 90% of your ample time voting for the next BBN winner when the government can’t explain what they are doing with 50% of your monthly salary.

The interest in government expenditure would heighten.

The citizens will not take it?

You mean Nigerian citizens will not take it?

You believe that Nigerian citizens will hold their government accountable and not make excuses for them?

LMAO.

I trust the government. They are very smart and they'll use the boiling frog approach. They'll increase it gradually till when Nigerians get used to things.

Things didn't get as bad as this under Jonathan before people protested.

Now they keep on adjusting and smiling.

If they told us in 2015, that 1/3 of the things happening then will happen now, all of us will say it is a lie.

EmmanuelScott1:
you're completely saying different thing, he said "a weak and sicky person".

the above people that you listed, who among em re sick when they started running for offices.

All the people I mentioned in the old category are weak and sickly. Biden forgets his words and stutters everyday.

Illimitable:
As at the last time of US elections,

Trump = 74 years
Biden = 78 years.

Mitch McConell is 80, Nancy Pelosi is 82

This weird idea that young looking politicians are better for the job than old people is highly idiotic.

Yahya Bello was 40 when he became a governor, what impact has he made since? Dimeji Bankole was 38 when he was elected speaker of the house, what ground breaking policies did he make while he was there.

Dino Melaye was 41 when he became a senator. He’s arguably the most irresponsible law maker in the history of Nigeria. I don’t get what age has to do with governance but this is Nigeria. Many of you people have outsourced your thinking faculties to social media influencers.

I agree with all you wrote here. I share the same sentiments.

But Tinubu isn't strong and healthy enough for the rigors that the Nigerian presidency demand.


Consultations here and there aren't the same as running a government

Ibime:
Every free floating currency is performing poorly against the dollar except those countries with foreign exchange to artificially prop against the dollar. Dollar is about the third best performing currency this year. That's because stockmarkets which have been pumped on steroids since the Quantitative Easing at the start of the pandemic are now selling those stocks into dollar. Marketcap of American companies is circa $40trln. If a quarter of that money flees, that's $10trln looking for a place to go - and a lot of it will go into dollar, some into bonds etc. Forget what you heard, Nigeria nor any third world country does not have enough foreign exchange to keep up with the dollar. I believe like Nihilistjnr said, the rate of spending Emefiele was doing to keep dollar parity was becoming too much. For context, that money Emefiele was spending ($3bln every 2 months) is equivalent to $18bln a year it he continued, which is half of FG budget.

Almost every other country is struggling right now from losing ground on the dollar. Below is the US dollar index DXY against a basket of blue chip currencies.

I agree with you that every currency is below the Dollar at this time, Euros for the first time since I have been following fell below the dollar, Pounds is 1.22 Dollars. Nigeria defending the Naira will wreck us quicker than anything else.


Meanwhile I have been waiting for you jare.
What is your guidance given the interest rate bump today? Whats the direction to go in the current market?

Illimitable:
All the people I mentioned in the old category are weak and sickly. Biden forgets his words and stutters everyday.

Anyone can go to youtube and type "Joe Biden forgets" and see all the videos of the president of the greatest country in the world

raumdeuter:
I agree with you that every currency is below the Dollar at this time, Euros for the first time since I have been following fell below the dollar, Pounds is 1.22 Dollars. Nigeria defending the Naira will wreck us quicker than anything else.


Meanwhile I have been waiting for you jare.
What is your guidance given the interest rate bump today? Whats the direction to go in the current market?

The 75 was expected given that was their previous guidance and they didn't give any indication to the contrary. If they were going to do 100, they would have indicated earlier as they don't like to shock markets. My long term outlook is still bearish till end of 2023,, but I think we will have a mini rally for the bulls in August as there are no calendar events to cause uncertainty. GDP print is tomorrow and inflation print is Aug 11, and Fed is going on holiday till September so I think the market will party small after inflation print on Aug11 until Fed return from holiday, unless inflation print is so disastrous as to make Fed call off their holiday. Anything under 10% and Fed will continue their holiday.

https://www.nairaland.com/7250351/us-commits-additional-55m-emergency

Tomorrow now some people will still come here and insult the US and blame the US for everything that is wrong with Nigeria.