codemaniacs:


IGR is income of the state government which will be used to pay state government employees salaries, bonuses to state government, health insurance for state govt employees, state senators, state infrastructure maintenance expenses. maintain state government computer servers, court cases settlement against the state government , construction of better public facilities e.t.c.

In a private business, the business IGR is their income which is used to pay employees salaries, bonuses, health insurance e.t.c. and only the standard of living of the employees can improve.

unemployed people's standard of living can never improve magically and miraculously.

A state government IGR is similar to a private business profits, only difference is the state government has more employees to pay and more infrastructure to maintain.

you're a illiterate if you think high IGR equals improve standard of living of everyone.

Younger folks ...you can see the amount of mental gymnastics, deliberate misinformation and ignorance all inside one post by these "online economists".

Ask him to list a country, where high revenue doesn't lead to improved standard of living. He'll have nothing to say, because they are online propagandist being paid by a certain organisation.

This is rubbish! Total rubbish!

How many kind of tax do the masses want to pay?

benardtotti:


I thought they said over half the population live on less than $1 a day ? I have always disputed that figure , this betting stats has once again vindicated my logic that most Nigerians are really not under poverty level.

They brought in stvpid stat to back their foolish propaganda.

More poor people play bet and a ticket can go for #100 which %10 of a dollar

kokoA:
It's a good idea but will the revenue from this tax be used to develop our grassroot sports, build Morden sport facilities, properly fund our national teams in all sports, etc?

dey play and dey cap tinubu will use it develop sport I laughter...

Govt officials just drop all manner of useless statistics. How can 65 million Nigerians spend 15 dollars everyday on betting. By implication each person spends 540,000 every month and 6.5 million every year. Is govt trying to say 65 million people earn more than 6.5 million every year considering other daily expenses have not been factored in. Na wa

tollyboy5:
This is rubbish! Total rubbish!

How many kind of tax do the masses want to pay?

dem suppose roast all APC government official use them all to do asun.. imagine paying taxes everywhere even MTN don increase tariff for data, the stupid government is aware and did as if dem no about am... useless people barbecues them all and grill them with 5k alubusa and 1k Bell pepper...

Cruise777:



Omo

baba Ijebu and premier lotto dey make stupid and bastard money



.

So does church

@codemaniacs



bad idea.

bet companies are private companies and are already been tax by the federal government and state government..

what they want to tax are people who have won or are winning while they will still tax the betting companies..


@me
A payment made to a person that won is an income and should be subjected to personal income tax.

Haram.

Way overdue

megamank:


You did a very nice and correct analysis but Your last comment was too harsh and not absolutely correct… if all the indices and indication you have mentioned above are fully in place using the IGR don’t you think the standard of living in Nigeria will improve? The various government sectors improvement has serious effect on the prices of food stuff in the market…
Have you asked your self why market women sell more at the end of the month more than middle of the month?
Improved and well utilized IGR have effect on the economy directly and indirectly

no mind am

You and the first commenter is right...

Economic growth is expected to lead to economic development....

internal government revenue ...whether in the state or federal level..is expected to finance two major aspect in saner climes....

1. capital expenditure- capital projects- the socio-economic infrastructural development of the states...roads, bridges, schools, hospitals and the likes...which in one way or the other improves the standard of living of her citizen

2. Recurrent expenditure- the monthly salaries and wages of government workers which will still positively affect the circular flow of income among the citizens...


so that's it..but in Nigeria Greed & corruption has eaten down the fabric of our great nation...


God go help us

Chinjo2:
What the government is saying indirectly is that, we have 65 million abled bodied men that have lost hope in the APC government and have now seen gambling as their only hope including APC urchins.

Nigerians bet reach English football fans? Ivan Toney was banned for 8 months for betting scandals. Him na Nigerian? You people talk with so much emotions and less logic.

And they blame Tinubu for Self-inflicted hardship.

They should rather ban all these killing betting sites.

happney65:
I thought they tax them before now? Both state and FG.

Or is it tax free?

What these bstards are saying is "you the gambler will be tax when you win"

They tax the company and also tax you the winner, this what they mean.

Betting companies have been paying taxes before

Cruise777:



Omo

baba Ijebu and premier lotto dey make stupid and bastard money



.

without those betting Armed rubber for don come dey visit people fo their house everyday.

Weyrey government they want Armed rubber to increase

They want to tax the hopelessness of Nigerians.... After taking everything from Nigerians, they will still tax your hopeful expectation

That 65m Nigerians spend an average of. 15dolls on betting is heavy lamba sha

Just over tax them

so the 100 naira wey boyz dey use place stake to chop 200 naira come be these people headache now, they sha want make everybody remain poor so they can continue to oppress and ride us.
if everyone dey flourish and dey make am, who go dey send these nonsence politicians?

Cruise777:



Omo

baba Ijebu and premier lotto dey make stupid and bastard money



.

Sportybet makes more money

Jostoman:
without those betting Armed rubber for don come dey visit people fo their house everyday.

Lol

Youth empower and poverty eradication

9ja na cruise

Lazy youths.
Resorting to gambling and rituals.
Hardwork pays.

Taylor94:
He don carry come



Taxing taxing taxing that’s how he taxed Lagos to its knees


All the cocaine he sniffs who use to tax him?

Hahahaha please don't make My stomach burst 🤣🤣

Imagine spending $15 daily on bet and they are saying there is no money in Nigeria. Lack of planning and greed are the two major problems of Nigerians.

Taylor94:
He don carry come



Taxing taxing taxing that’s how he taxed Lagos to its knees


All the cocaine he sniffs who use to tax him?

U are a saddist if u are tired of lagos go ur village and don't pay tax there

Good move...

Chinjo2:
God punish APC government. Out of hopelessness and poverty, people have now resorted to gambling as their only hope and now FG is thinking of imposing tax on the industry.

Please I want to ask the muslims in the house if profit from gambling is Haram or not.

Proceed from gambling is haram playing gamble is also haram

We already pay a 7 percent tax on GGR and still pay CIT

FOLYKAZE:


This is nothing new. If you have used betsite from other African countries like Ghana and Kenya, you would have known that their Government tax them heavily on stakes and winning. This applies to South Africa, Zimbabwe, Rwanda, Zambia, etc. I know this because I engage bettors from African countries and Europe everyday and see their tickets.

In Kenya for example, Government charge 5% on stakes and 20% on winnings. Meaning if you stake a game with 1,000ksh, your actual stake is 950ksh. And if you win a 10 odds game with that 950ksh, your actual winning is 7,600. This implies Kenya Government have taken away 2,400ksh as tax. This varied with Nigeria where bettors would win actual 10,000 naira for staking 1,000 naira on 10 odds. All the bet sites in Kenya from Betika to Sportybet or betpawa or charge heavily on stakers there. Only 1xbet doesn't tax them but one has to own a paypal or skrill to operate it.

This applies to stakers in Ghana too. You can ask anyone from Ghana how they operate there. In Turkey, Government only charge 5% on withdrawal of winnings. The popular bet there is betelephant. But none of this applies to Nigerian.

Some of my friends in Kenya and Ghana, I help them register those bet accounts, and Opay. Then they get their money without tax using eversend... This is how we operate under radar. Should Government start taxing betsite in Nigeria, that mean we will move to Europe or South America. Na dem go tire..

In all honesty, Nigerians are enjoying. We live in an almost free tax nation. The Government should just look elsewhere and not add a burden on the citizens. If they increase tax on the betting site, those companies can easily transfer the burden on their customers.

If I'm getting you correctly, that means there are still countries in Europe and South America where bet earnings aren't being taxed?

Chinjo2:
What the government is saying indirectly is that, we have 65 million abled bodied men that have lost hope in the APC government and have now seen gambling as their only hope including APC urchins.

Exactly my thought.

Just like religion is the opium of the common man, the same could be said of gambling.

The lottery commission secretary is just seeing millions of people engaged in gambling but doesn't know the psychology behind the numbers.

codemaniacs:




bad idea.

bet companies are private companies and are already been tax by the federal government and state government..

what they want to tax are people who have won or are winning while they will still tax the betting companies..

Isn't that double taxation in the gambling sector?

Tax the betting company
Tax the end users.

Tax tax tax all the way, yet nothing, absolute NADA to show for the taxes being collected.

I weep for this country.