₦airaland Forum

Bestmanfornow:
This is why you guys have messed up Nigeria economy with poor thinking you live on loan

Looking for the right comeback you have to mention me twice, same post. Omo. Yea we should ask that Finance minister during GEJ tenure how badly they messed up Nigeria that they were borrowing to pay salaries. Omo I think it couldn’t get more messed up than that.

Kapeter:
LOL you only wanted to see a stat. Why are you suddenly angry though. Oh we can’t compare US debt profile to backward nations now but we can compare them had it been it’s in our favor innit. Like the same US doesn’t borrow to finance war in war torn countries. They even borrow to finance terrorists lol. Anambralastson is angry because states with more factories and businesses are generating more in taxes than states with lesser factories and businesses. God is wonderful. Na unnecessary frustration be dis one ampa

Keep celebrating IGR, only in Yoruba land ignorant mind struggling to eat celebrate IGR

Bestmanfornow:
Keep celebrating IGR, only in Yoruba land ignorant mind struggling to eat celebrate IGR

LOL here we are now. You don’t want to see the debt stats anymore. Well Kanayo Kanayo told us there are over 10 million ibos in the South West. If we do the maths, at least a million or 2 of them should be among the poor people in the South west of course. They also should be struggling to eat going by logic. Frustrated human 😁

Kapeter:
LOL here we are now. You don’t want to see the debt stats anymore. Well Kanayo Kanayo told us there are over 10 million ibos in the South West. If we do the maths, at least a million or 2 of them should be among the poor people in the South west of course. They also should be struggling to eat going by logic. Frustrated human 😁

So that's why your people are poor 😭🤣😂 and Southsouth now have population than Southwest keep fooling yourself on social media

plaindealer:
Ogun state alone generated more IGR than the top 3 states in the SE combined.

WOW!!!!

Same Ogun state that has the worst ever roads in Nigeria. The neighbourhoods are dangerously the worst ever settlement to train up children because of cultural killings of human beings for rituals.

Apart from Obj,who amongst u can be proud of coming from OGUN STATE. Every one of u claims to be from Lagos hence the reason why ur igr is being stolen out of the country.

plaindealer:
Ogun state alone generated more IGR than the top 3 states in the SE combined.

WOW!!!!

Stealing by the Government to enrich the politicians while keeping the middle class and average Haruna, Dike and Tope impoverished is the definition of high IGR.

Socialist and Liberal Governments are known to tax the people and corporations heavily while Republican and Conservative Governments cut taxes. Conservative and Republican Governments substrate donations to charity and schools from taxable income. These are different policies by different governments.

A high IGR is the opposite of a good government in Nigeria.

you dis akpu boy.. u don carry your foolishness come dis thread?you dis akpu boy.. u don carry your foolishness come dis thread?...

[quote author=plaindealer post=127199480][/quote]Very interesting. Thank you for sharing OP

Kapeter:
This one is still here with his nonsense Omo people can be so dumb out of hatred sha.😹😹 how much do you pay as a tax yourself yearly. Comparing tax from well to do businesses to that of ordinary people on the street and market women is the height of everything dumb and stupid. LOL. More like comparing what a Dangote group pays as tax to what papa emeka and co 2 by 2 container shop pay as tax. Who do una dis mumu thing ibo. Omo

Go school una no gree.

Na you can't even read to understand simple English. Una go cry tire.

Annual transactions from Onitsha Main Market is $3 billion. If government tax just 10% of that, it will swallow your 120 billion Ogun IGR

plaindealer:
This is where the capital is flying to, your poor and wretched empty village.

With ignorant and shallow people like you, your village don enter second chance..




Ogun state alone generated more IGR than the top 3 states in the SE combined.


The capital is obviously flying inside your crooked and corrupt uncle's pocket.

Poverty mentality losers..

Yorubas suck at economics, that's why you are celebrating IGR as development.

😂😂😂

Now ask yourself, despite our huge IGR, why is SW the most indebted?

Most of these are foreign debts.

Capital flight.....


😂😂😂

IamAtikulate:
Go school una no gree.

Na you can't even read to understand simple English. Una go cry tire.

Annual transactions from Onitsha Main Market is $3 billion. If government tax just 10% of that, it will swallow your 120 billion Ogun IGR

shutup your stories didn't aline with authomated taxe....

Your vat speaks opposite of what u stated above...
Sadeast remain the poorest southern region...

Fact...

GoodLife4live:
shutup your stories didn't aline with authomated taxe....

Your vat speaker opposite of what u stated above...
Sadeast remain the poorest southern region...

Fact...

The poorest region is one that claims to have the highest IGR but still looks like pig farm

😂😂😂

IamAtikulate:
Yorubas suck at economics, that's why you are celebrating IGR as development.

😂😂😂

Now ask yourself, despite our huge IGR, why is SW the most indebted?

Most of these are foreign debts.

Capital flight.....


😂😂😂

see the reflection of our igr below

GoodLife4live:
see the reflection of our igr below

Lagos?

😂😂😂

IamAtikulate:
IGR = Taxes

Anambra is a tax haven, in case you don't.

Again, SE leaders are more economically sound than their SW counterpart.

For instance, Alex Otti recently said that "Taxes are government share of the prosperity it creates."

Do you really understand what that means?

Have you wondered why SE Governors, especially Abia and Anambra keep lowering taxes?

You won't understand because you guys suck at economics.

Keep celebrating IGR which is not an economic indicator while your debts keep mounting.

You claim to generate the highest IGR in the country yet SW has the highest debt ratio.

It doesn't make sense.

If Anambra State government is tax-obsessed like Ogun and SW Governors, only Onitsha Main Market will generate the whole if whatever IGR Ogun gets.

You are making noise because of 120 billion.

FYI, 12 million daily transaction happens at Onitsha Main Market. The market annual transactions sits at around $3 billion, with 40% of this circulating as unbanked transaction.

You can verify these claims with a simple Google search.

If Anambra government taxes just 1% of these transaction, it'll generate $30 million annually, which is approximately 21 billion naira.

If government taxes 5%, it'll generate 105 billion from the market alone.

But Anambra has 48 markets.

So, trade and commerce in Anambra can generate more than Ogun IGR.

If you are underrating trade, then look at the evidence below.

Trade is the third largest component of Nigerian GDP, far ahead of manufacturing

But you run the European countries embassies with your cap in hand to seek for visa approval because you want to japa.

Those countries will roast you alive if you dare refuse to pay your tax. They know the value of tax, hence they don't joke with it.
You are praising your governors for not taking tax serious and you still blame them for not developing your states.
If lagos were to be a tax haven like anambra, your brothers and sisters will not going to lagos in their thousands every day to Hustle.

IamAtikulate:
Chinese are in Lagos, is Nigeria more developed than China?

😂😂😂😂

If you are wise, you would have understood what SE is doing to SW economy.

They will come to SW, work, make money and repatriate the fund to SE.

Capital flight...

😂😂😂

Keep wailing, SE will continue to send a lot of her workforce to SW to make money and repatriate.

One Nigeria Amaka

Are there no Yorubas in SE?

Now compare the population of Chinese in Nigeria to Nigerians in china

You'd see Nigerians in almost all the Chinese provinces but here, Chinese are only concentrated in Ogun,Lagos or FCT to show they are here for something and not just to reside


How many English players go out to other leagues but you'd see guys trooping in to EPL cause it's the biggest league in the world

So Igbos are found everywhere in SW for survival and you'd rarely find any Yoruba in the East....I'm typing from Ifitedunu,and I'm telling u what I see here in the East

plaindealer:
You pay taxes and fees on your houses, your business, your cars, and all the government services in Lagos and the entire SW, but in your ignorant and unintelligent world, you still think it's capital flight.

Flight to where?

You are definitely not the sharpest knife in your village.

That guy dey talk say Chinese dey Nigeria

U no ask am to compare the population of Chinese here to the population of Nigerians there


Plus, Chinese are only concentrated in Ogun Lagos and Abj for business purposes,no g use am compare Nigerians wey dey for everywhere in China


Truth is, Igbos dey even hamlets for SW but how many Yorubas dey for their villages

It's like comparing the number of English players in other leagues as against the numbers of other nationalities in EPL...A testament of the best league in the world

MadamExcellency:
Stealing by the Government to enrich the politicians while keeping the middle class and average Haruna, Dike and Tope impoverished is the definition of high IGR.

Socialist and Liberal Governments are known to tax the people and corporations heavily while Republican and Conservative Governments cut taxes. Conservative and Republican Governments substrate donations to charity and schools from taxable income. These are different policies by different governments.

A high IGR is the opposite of a good government in Nigeria.

How many people in the east have the shameful tax record enriched biko?

U guys always find a way to defend nonsense.
Just tell us your governors are clueless on how to raise igr through tax.
You said the south east government are conservative but they steal money to enrich themselves while the region remained under developed.

plaindealer:
Typical meaningless and rubbish nonsense.

Do you even know the meaning of the irrelevant nonsense you posted?

Good morning, i will tell you the truth in all fairness; some things in this country are skewed, internally generated revenue by states included.

I don't know about other states but Abia state don't declare what she gets to the federating account, there is money in Abia state.

Let me give you example, Banks in Nigeria are highly profit making establishment and not charitable at all; First bank PLC have 17 branches in Abia state but 10 branches in Ogun state. First bank and other banks are not foolish establishing branches in Aba despite the "sit at home" wahala. If you have a friend/relative working in First bank PLC, ask him or her the target of FBN Abia state and other states.

I'm not downplaying this thread but both the state and federal government knows that Abia state is not declaring what she generates internally at the federal level, thank you.

Maobichek:
Good morning, i will tell you the truth in all fairness; some things in this country are skewed, internally generated revenue by states included.

I don't know about other states but Abia state don't declare what she gets to the federating account, there is money in Abia state.

Let me give you example, Banks in Nigeria are highly profit making establishment and not charitable at all; First bank PLC have 17 branches in Abia state but 10 branches in Ogun state. First bank and other banks are not foolish establishing branches in Aba despite the "sit at home" wahala. If you have a friend/relative working in First bank PLC, ask him or her the target of FBN Abia state and other states.

I'm not downplaying this thread but both the state and federal government knows that Abia state is not declaring what she generates internally at the federal level, thank you.

IGR and other economic templates are a reflection of productivity, strong commerce and vibrant sales of goods and services and also, leadership qualities.

Maybe Abia is generating a lot in terms of IGR, but if that's the case, shouldn't the question be why is Abia not reporting IGR? Why?

What are they hiding? What's the administrative strategy?

Not disclosing IGR which is income is suspect, it's a loophole for looting and other forms of financial shenanigans.

When income is low, it's either productivity is poor, economic output is bad or the leadership is lazy, not creative, not collecting taxes and cannot expand the tax base.

This is why for so many decades SE people always abandoned the SE for survival and opportunities elsewhere, you simply cannot survive in an unproductive environment especially with all the able men and women leaving every day.

Godfullsam:
But you run the European countries embassies with your cap in hand to seek for visa approval because you want to japa.

Those countries will roast you alive if you dare refuse to pay your tax. They know the value of tax, hence they don't joke with it.
You are praising your governors for not taking tax serious and you still blame them for not developing your states.
If lagos were to be a tax haven like anambra, your brothers and sisters will not going to lagos in their thousands every day to Hustle.

Lagos is a former FCT and British colony and was never developed with Yoruba taxes but oil money.

Let's compare our tax haven with Ogun.

plaindealer:
IGR and other economic templates are a reflection of productivity, strong commerce and vibrant sales of goods and services and also, leadership qualities.

IGR is not a reflection of productivity, GDP is.

IGR = Taxes

plaindealer:
Maybe Abia is generating a lot in terms of IGR, but if that's the case, shouldn't the question be why is Abia not reporting IGR? Why?

Because Abia is a tax haven.

Alex Otti just announced new tax reduction to further stimulate purchasing power. Boosting purchasing power improves aggregate demand and this in turn stimulated aggregate supply, which leads to higher employment rate and better standard of living.

plaindealer:
What are they hiding? What's the administrative strategy?

Abia is reporting it's true IGR.

Abia state is a tax haven. Do you know that traders in Ariaria International Market came together and build a power plant to supply electricity to the market?

That's one of the importance of empowering your population through lower taxes.

Do you also know that Aba is almost completing its Geometric Power station. The city will soon have 24/7 hours even before Lagos.

That's one of the advantage of building a tax haven.

Official Abia State government position on taxation is that Tax is government share of the prosperity it creates. So, the government aims to create prosperity first.

plaindealer:
Not disclosing IGR which is income is suspect, it's a loophole for looting and other forms of financial shenanigans.

When income is low, it's either productivity is poor, economic output is bad or the leadership is lazy, not creative, not collecting taxes and cannot expand the tax base.

Wrong.

Taxation is primarily a fiscal stabilization tool. It doesn't reflect any of those things you listed.

Rather GDP is a better measure of those things and government uses low taxes to stimulate GDP growth.

plaindealer:
This is why for so many decades SE people always abandoned the SE for survival and opportunities elsewhere, you simply cannot survive in an unproductive environment especially with all the able men and women leaving every day.

Unproductive, yet trade is the third largest component of the Nigerian GDP.

You guys suck at Economics

Godfullsam:
How many people in the east have the shameful tax record enriched biko?

U guys always find a way to defend nonsense.
Just tell us your governors are clueless on how to raise igr through tax.
You said the south east government are conservative but they steal money to enrich themselves while the region remained under developed.

Do you know how much Okada riders pay in Lagos in the name of tickets (taxes) each day?

Go and find out.

The SE is actually the poorest and the most unproductive region in Nigeria.

This is really sad

plaindealer:
The SE is actually the poorest and the most unproductive region in Nigeria.

This is really sad

IGR is not a measure of poverty nor productive. We measure poverty with GDP per capita and productive with GDP growth rate.

Here are other key economic indicators

- GDP (size of the economy)
- HDI (development)
- Gini Coefficient (income inequality)


Go school una say no.

See the evidence of SE superior economic policies below

plaindealer:
IGR and other economic templates are a reflection of productivity, strong commerce and vibrant sales of goods and services and also, leadership qualities.

Maybe Abia is generating a lot in terms of IGR, but if that's the case, shouldn't the question be why is Abia not reporting IGR? Why?

What are they hiding? What's the administrative strategy?

Not disclosing IGR which is income is suspect, it's a loophole for looting and other forms of financial shenanigans.

When income is low, it's either productivity is poor, economic output is bad or the leadership is lazy, not creative, not collecting taxes and cannot expand the tax base.

This is why for so many decades SE people always abandoned the SE for survival and opportunities elsewhere, you simply cannot survive in an unproductive environment especially with all the able men and women leaving every day.

When we talk about productivity, Abia is doing exceptionally well. Employment is the reason why i left Abia; in the space of six (6) months (March-August), i gave my tailor over seven (7) numbers of people who saw my clothes and requested for the number of my tailor.

I traveled to Kano and saw female gown/blouse made in Aba and i was not surpise because i know that Aba is the hub when you talk about fashion and designer.

Leadership is the sole problem why people are leaving but that being said, government in Abia is taxing people heavily but still not declaring what they generate.

WhereIsTheMoneysGoingToLast lastWhereIsTheMoneysGoingToLast last...

Maobichek:
When we talk about productivity, Abia is doing exceptionally well. Employment is the reason why i left Abia; in the space of six (6) months (March-August), i gave my tailor over seven (7) numbers of people who saw my clothes and requested for the number of my tailor.

I traveled to Kano and saw female gown/blouse made in Aba and i was not surpise because i know that Aba is the hub when you talk about fashion and designer.

Leadership is the sole problem why people are leaving but that being said, government in Abia is taxing people heavily but still not declaring what they generate.

You Abia is doing well in terms of productivity, but you left because of the unemployment situation, but employment generates productivity, being productive means people are working and productive.

To tell you the truth Abia to me really should be the most economically vibrant state in the SE, but that's up to the leadership, they need to do more.

plaindealer:
You Abia is doing well in terms of productivity, but you left because of the unemployment situation, but employment generates productivity, being productive means people are working and productive.

You see why I said you are an Economics illiterate. Employment doesn't generate productivity.

Productivity is an economic indicator that measures how much goods and services you can produce from a given input (resources, including time)

You are productive if you get more done with the same input.

plaindealer:
To tell you the truth Abia to me really should be the most economically vibrant state in the SE, but that's up to the leadership, they need to do more.

😂😂😂

IamAtikulate:
Lagos?

😂😂😂

oh u want me to mention agulu

IamAtikulate:
Do you know how much Okada riders pay in Lagos in the name of tickets (taxes) each day?

Go and find out.

you don't know better than soludo that said southeastern region remain the poorest southern part of nigeria....

plaindealer:
Ogun state alone generated more IGR than the top 3 states in the SE combined.

WOW!!!!

You people are too much. Yoruba is indeed great.