₦airaland Forum

eliwa47:
And nothing to show for it Wow wow wow!

Thier airport dey like poultry farm

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

Wrong economics. Seems like you cram and comsume all the unpractical things they tell you. Do you know how much the USA owe? You are talking about debt, go and read your economics in practical ways. You people will have all sorts of excuse to cover your short comings. How can an adult say that IGR doesn't say anything about the reflection of an economy? Can you compare Lagos and Anambra economy? So because lagos has more debt then that mean Anambra is doing well? That also means Nigeri is doing better than USA since they generate for revenue and have higher debt. So dumb

So UK that have good tax system and are living on it that your fellow easteners always want to go there are dumb abi?

Omoooo... I dey hear things for this country. Everyone is an analyst, and they do it out of emotions. Economics is not based on emotions

IamAtikulate:
I am sure you don't understand what capital flight is. I'll leave you to your ignorance

😂😂😂

Hmmm

See wisdom

So, Nigeria health workers japaing to Canada is taking capital flight to Nigeria?.

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

You are really abreast in the intricacies of economics and statistics, I relish the way you broke down the IGR charade frequently trumpeted here as an indicator for economic development

plaindealer:
The workforce is a productive force, they work to produce goods and services and at the end of the day, the government collects its share of their productivity and earnings.

So, who is benefiting from this productivity arrangement?

The SW or your village?

I go dash you a bowl of akpu when you figure it out.

great so if they leave like you are asking how much IGR do you think you will generate. Why don't you figure that out and keep the bowl of akpu to yourself

LAGOS 651 ....Tinubu State. This is 5 state revenue .

Timetravel88:
You are really abreast in the intricacies of economics and statistics, I relish the way you broke down the IGR charade frequently trumpeted here as an indicator for economic development

I can't believe you fell for that shit

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

WOW!!!!

it is the igbos that are paying the revenue in Ogun industrial area agbara wow

The top 3 States that tax their people the most.

Kilometres:
If you don't have enough IGR, how, where will you get money for developing the state? From FAAC? Hope you know FAAC is also another form of IGR at a national level.

I don't blame you guys sha... why should I blame someone who idolise a man that gets advices from a mad man.

Like principal like followers

Spit!

Don't mind him ...they will later claim on another thread that they are not parasite that they are self-developed without FG assistance meanwhile they rely totally on FAAC

KwuoteYourFada:
SW illitrates capping rubbish no wonder Nigeria economy is on a nose dive since this bulaba came with his SW scarface goons

Nna IGR is tax


GDP is how you measure economy !



If it's by IGR then UK will be the number 1 economy in the world


You lots suck at simple economics!

In the voice of Mr. Macaroni " Are you normal"

What is tax? Tax is a levy on economy activity or consumption. How can you isolate tax from productivity when they are so closely connected?

Have you checked out the linkeage between tax and GDP in the OECD countries? Do you see any failed states in the list below? Are any of these countries low GDP states. Why are you allowing me cheap shots?

Taxes on economic activity and consumption (IGR) completes the loop for better infrastructure leading to higher productivity/consumption and higher forward IGR.

If Anambra has weak IGR it is a forward indicator of poor infrastructure. Yes you can monetize poverty to keep producing huge untaxed sweatshop profits for the minority it is not sustainable and will lead to high outwards migration.

Modified. Link for data supplied https://www.visualcapitalist.com/comparing-tax-systems-around-the-world/#google_vignette

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

They are not repatriatiing the money to SE. Stop saying nonsense. What are they going to use the money for in SE? Lock it in their rooms or what.

BreconHills:
It seems you don't know what IGR is. IGR is reflective of productivity and economic activity. States with low IGR's have lower rates of productivity and economic activity. Anambra cannot claim to be a hive of economic activity and have low IGR.

If as you say this is intentional ( which is another word for inefficient) then how does the state fund its economic activities? How does it provide infrastructure to drive greater productivity? Two ways

1. It relies on FAAC handouts
2. It is a hyper capitalist environment in which sweatshops employ low cost labour to create outsize profits for the few.

Both models are unsustainable especially where 2 has no USD linkage. The effect of 2 is high outwards migration in which the young and strong use their strength in other states ( such as Lagos, Ogun, Rivers or Kaduna,) to drive the economic activity of those states.

A sad use of human capital.

Advice. Stop trying to spin this. Igbo people are hard workers, all they need is more collaboration and inclusion.

You're right to some extent, but his point and what you also fail to understand is how every government tax her people. You need to put that into consideration too. The way the UK government tax her people and the way the german government tax her people can not be compared, the UK government tax more.

An environment with high economic activity and the government also 2% from her people, and another environment or state with high economic activity and the government also tax 5% from her people can never have thesame IGR ,the later will always have higher revenue, because of the different level of taxation.

80% of those revenues are from companies or igbo businesses in those areas. This goes to show the reason why anytime Igbos mention secession the whole country will enter para mode because igbos are unarguably the lifeline of a dead country Nigeria

What have they done with all these huge funds.. what?

plaindealer:
Typical meaningless and rubbish nonsense.

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

Na east .market dey for Nigeria ... Lolzzzz...

With these huge internally generated revenues why are states still borrowing? What exactly are they doing with the borrowed monies?

plaindealer:
Typical meaningless and rubbish nonsense.

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

He knows but you're just dumb to understand.

Oya go and Celebrate your IGR dumbo

I can see clearly that your brain has stop working since you joined obedient group... I seriously perceived obedient ingredients in your comment by comparing Anambra to Ogun state in terms of industry or igr.
You're sick

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

Faiththatworks:
There are some issues that are way beyond some people's understanding.
There's this person up there with the Moniker,iamAtikulate who's really mixing up issues.
His incessant justification of bantering figures and comparing it especially as it to relates to development in Anambra state and the whole Igbo states with their southern counterparts especially Yoruba states is a bit perplexing.
Let me try to educate this individual so he stops this comparison.
Figures are used to show you activities that may be less visible to the naked eyes.
The truth about the internal generated revenue posted shows the total aggregate of activities going on in any locality.
You only tax returns on revenue,that is why it's called internally generated revenue.
The individual made a lot of assertions that I find very strange, trading goods and services will never generate revenue for any serious minded government.
I give an example,if the amount of money exchanged in Onitsha is 1billion every month,the state government is obliged to collect a fraction of the sales generated as taxes ,these taxes will probably be around 5%,which is 50 million.
Now compare that to a state like Ogun state,which has an industrial hub like Agabara,any company which generates 1 billion a month will mostly likely cough up to 15% of it's revenue in taxes and permits.
In essence,100000 people will end up generating 50 million for Anambra state while less than 10000 individuals will end up generating 3 times what's generated In Anambra in Ogun state.
But I end by saying this to imatikulate, whatever figures you are seeing will very soon become child's play in the next 2 years.
Lagos and Ogun state will witness massive exponential growth In their revenue when the Dangote Refinery starts production.
I'm very very sure Lagos will most likely double it's revenue while Ogun will have around 300-400billion.
You should be more concerned about what the Igbo governors will do with the natural resources God has bequeathed to them especially in the area of gas.
God bless Nigeria

this is why I advice people to invest in landed properties around ogun state, close to Lagos. Atan, Agbara and sango. You can still get landed properties less than a million around there then resell later

Faiththatworks:
There are some issues that are way beyond some people's understanding.
There's this person up there with the Moniker,iamAtikulate who's really mixing up issues.
His incessant justification of bantering figures and comparing it especially as it to relates to development in Anambra state and the whole Igbo states with their southern counterparts especially Yoruba states is a bit perplexing.
Let me try to educate this individual so he stops this comparison.
Figures are used to show you activities that may be less visible to the naked eyes.
The truth about the internal generated revenue posted shows the total aggregate of activities going on in any locality.
You only tax returns on revenue,that is why it's called internally generated revenue.
The individual made a lot of assertions that I find very strange, trading goods and services will never generate revenue for any serious minded government.
I give an example,if the amount of money exchanged in Onitsha is 1billion every month,the state government is obliged to collect a fraction of the sales generated as taxes ,these taxes will probably be around 5%,which is 50 million.
Now compare that to a state like Ogun state,which has an industrial hub like Agabara,any company which generates 1 billion a month will mostly likely cough up to 15% of it's revenue in taxes and permits.
In essence,100000 people will end up generating 50 million for Anambra state while less than 10000 individuals will end up generating 3 times what's generated In Anambra in Ogun state.
But I end by saying this to imatikulate, whatever figures you are seeing will very soon become child's play in the next 2 years.
Lagos and Ogun state will witness massive exponential growth In their revenue when the Dangote Refinery starts production.
I'm very very sure Lagos will most likely double it's revenue while Ogun will have around 300-400billion.
You should be more concerned about what the Igbo governors will do with the natural resources God has bequeathed to them especially in the area of gas.
God bless Nigeria

And you skipped where he said Anambra is a tax heaven??

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

Asin 3hn

BreconHills:
In the voice of Mr. Macaroni " Are you normal"

What is tax? Tax is a levy on economy activity or consumption. How can you isolate tax from productivity when they are so closely connected?

Have you checked out the linkeage between tax and GDP in the OECD countries? Do you see any failed states in the list below? Are any of these countries low GDP states. Why are you allowing me cheap shots?

Taxes on economic activity and consumption (IGR) completes the loop for better infrastructure leading to higher productivity/consumption and higher forward IGR.

If Anambra has weak IGR it is a forward indicator of poor infrastructure. Yes you can monetize poverty to keep producing huge untaxed sweatshop profits for the minority it is not sustainable and will lead to high outwards migration.

Modified. Link for data supplied https://www.visualcapitalist.com/comparing-tax-systems-around-the-world/#google_vignette

so by your logic Tax is directly proportional to economic activities of a state?


About your list,

Lol check out the top economy of the world did you them there?


It shows one thing,

Tax isn't a proof of the economic activities of a state

Rather GDP is, that's why it's called Gross Domestic Product

That's why Anambra ranks above all your states apart from Lagos in GDP

Go and read more boy

Kapeter:
I will bring it and I will also bring that if the most indebted countries in the world too. Let’s laugh at America and other world power country together. Hatred and envy don block una sense of reasoning 😹

I love you case studies... Make them dey zuzu

GoodLife4live:
you don't know better than soludo that said southeastern region remain the poorest southern part of nigeria....

Soludo is now your economic god?
Shame

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

WOW!!!!

Why do you always bring up this? Check the development in that state in the last 10 years and compare it to Ebonyi with one of the lowest IGR in Nigeria and ask yourself if it is worth bragging about.

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

WOW!!!!

There is no federal presence in the SE, its understandable.

That's a region that suffered one of the most deadly Genocide in Africa's history.

They started from scratch.

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

WOW!!!!

Yet they claim they are most industrialized

plaindealer:
Typical meaningless and rubbish nonsense.

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

How is it irrelevant you dumb nitwit? Igr simply means tax returns from businesses situated around the state. If Lagos taxes 10% of 100 businesses and Anambra taxes 3% of 100 businesses, guess whose igr is bigger. As citizen of Lagos u should not be rejoicing over igr but instead asking the govt what it's doing with the high tax and why your business is not better than the Anambra man own

plaindealer:
Typical meaningless and rubbish nonsense.

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

please tell us, don't come here to disprove anyone's assertions without any sensible report.

plaindealer:
Yet, men and women in the SE cannot wait to abandon the SE to seek food, survival and opportunities in the SW.

They are economically sound in the places you are running away from generation after generation, but they are not economically sound in the places you and your forefathers have been running to for survival for decades.

This is why they say you people are not bright or intelligent..

The sE is an economic hub. In onitsha there are more 50000 traders doing business. Of that amount 95% are igbos. If I want to start a business Selling clothes will I start it in onitsha where there are more than 10000 Igbo men doing the same business or will I go to a region where the people are economically naive and start the business there? As you can see they are not running from their place, igboland is saturated with enough businesses so they have to go new places to seek new business. Nothing is special about sw, they are in Benin city where I stay they are in the north in Africa and all over the world.