What is all this comparison with other Africans country problem with our government is this a new method of governing.

The useless govt of self serving THIEVES is about to unleash its bloodthirsty fangs on innocent citizens again!... Pls kwantinue....
# una cup go soon full!
Awon ole, eleribu, mashanfani eda, jegudu jera gbogbo 💯💯💯💯

Nigeria unemployment rate highest in the whole world

With the double taxation some of us already pay.

But the Nigeria,s treasury looting the highest in Africa,and treasury looters are walking freely and oppressing the citizens with their loots

The other countries that is higher did you compare the social amenities provided by same country

Can you also come out to say Nigeria is unsafe, most corrupt, no light..same energy please...mad people .

One of the plagues of this nation is bad leadership. State fund ends in individual pockets. Few people will complain if money is used wisely and the effects are clearly seen. Citizens won't mind to sacrifice for future growth's sake. Here most of those demanding sacrifices are thieves.

Mumu. and your salary is the highest in the world

What abt corruption

We have a lot of stupid leaders ruling on majority of people



This Abass suppose to be hawking sugarcane normal normal

Liar. They did not add other fees

Racoon:


https://punchng.com/nigerias-vat-collection-lowest-in-africa-abbas/

It's not true. The remittance, accountability and fraudulent practices is where the issue is.

I said it before.
The president should come on live chat to explain how a worker will spend their monthly salary.

Very heartless leaders. They forgot that the country's resources belongs to all of us.

So, what are we really enjoying as a citizen of an oil producing country.

Selfish people everywhere. They kept giving us reasons to hate our country of origin

Racoon:
Power minister is threatening its citizens. While this figurehead NASS rubberstamp is giving another propaganda here. After all the lies and propaganda, they still increase the hardship and pain.

No more money to loot. So they have started to glean or scavenge via any mean to tightened the noose on the poor hapless citizens. Meanwhile the Nigerian economy is still bleeding some more.

No electricity/power, cost of fuel is rising, cost of living is skyrocketing, naira depreciating against the dollar again among many myriads of economic, security and national problems. All they are obsessed with is how to continue to fleece the country to feather their own nest.

Their thoughts never lead to improving the people's lives only to tax collection.

Another animal talk..... After looting national treasure to zero,it's the citizens they want to loot with heavy tax......

Animal in human form should talk about looting collection. Who has the highest looting collection in Africa? Fuuls

What a baseless statement, our earning and purchasing power are among the lowest in the world, the biggest landlord in Africa is about to impose heavier taxes on us all

All these lawmakers are the worst set of people...... Always looking for avenues to eat free money

These oppressors masquerading as leaders are simply gang of robbers and suckers.They want to impose more tax on people when we are yet to see the effects of the one they are collecting.

If we collect more vat than what we collect now the money will still be looted. We always compare ourselves with developed countries but we fail to act like them when it comes to responsibilities of the Government to the citizens like provisions of basic amenities, minimum wage. we won't compere ourselves with other climes

Racoon:
Comparatively, Nigeria’s efficiency in collecting Value Added Tax is the lowest among its African peers, indicating significant inefficiencies in its tax system.

“This trend of low tax revenue, coupled with a continued dependency on the increasingly unstable oil revenue, presents a major risk to Nigeria’s fiscal sustainability. It also highlights an important area for potential reform to boost revenue and stabilise the country’s economic framework.

“The lack of growth in non-oil revenue sources and the volatile nature of oil income underscore the urgent need for Nigeria to diversify its revenue base and enhance its fiscal management to ensure economic stability and growth.”

What a big lie VAT is calculated at 3-5% on any commodity and services while in Nigeria the last time I checked on consumer goods is at 7.5% .. and you can hardy see North part pay VAT.

Yeah, and 20% of our revenue is tax, the rest is from oil money, where the prices haven't been above 100 dollars per barrel in years (except for a brief period in 2021-22.)

That is a big reason why we take loans.

Taxes are only collected on services rendered or amenities/infrastructures provided and maintained.

Where are the services or infrastructures?

That's cos we don't add much value.

When this government is done with Nigerians.

This is what I hate about this govt.

Tbasicme:
If we collect more vat than what we collect now the money will still be looted. We always compare ourselves with developed countries but we fail to act like them when it comes to responsibilities of the Government to the citizens like provisions of basic amenities, minimum wage. we won't compere ourselves with other climes

It would be looted because most of you don't do the hard work of holding your leaders to account. Many of you on this site support GEJ, despite the corruption of his regime, many support buhari and tinubu, despite their own corruption mess, and so forth.

Plus, it is because of low tax income that government cannot provide things like basic anemites and mininum wage. We need a lot of money for that, and the oil we produce can only do that for a country of 10-12 million people, not 220 million people.

We need more money. Good anemites don't pay for themselves.

Likeseun:
What a big lie VAT is calculated at 3-5% on any commodity and services while in Nigeria the last time I checked on consumer goods is at 7.5% .. and you can hardy see North part pay VAT.

The money they collect from this company is the reason why most companies underpay their staff. SON came to my workplace the other day, they saw many things that ain't right yet they did nothing. It's more like they came for excursion

It's becoming obvious that only stupidity can come out of the Govt.....i blame Nigerians sha for all this, we take so much rubbish.

i want to start crayfish business and have carried out my researches and Akwa-Ibom is where i can get the best and cheapest. PLease help me with any token to add to my savings. 1000 naira will go a long way. Thanks, my details Opay 9.0.30.5.7.32.5.6

RecessionistPMB:
In some weeks ahead, Federal Government headed by Bola Tinubu will increase VAT in order to have more money to steal.

You can book mark this post.

"Let the poor breath indeed"!

I swear they are hinting us on their next line of action.