₦airaland Forum

SmartyPants:
How does CAC registration of 10k [with a two-month period of grace], amount to frustrating POS operators? Mention one country you know where people do business without registering first.

You sabi how many months e go take some of them to recover abi nobi you go feel am if di price rise?

Multiply #10 000 by 1 million and know weda you don see that kain money for ya life.

I know say POS dem suppose reach 10 million at least as jobs no dey

zedegit:
You sabi how many months e go take some of them to recover abi nobi you go feel am if di price rise?

Multiply #10 000 by 1 million and know weda you don see that kain money for ya life.

I know say POS dem suppose reach 10 million at least as jobs no dey

I have a friend who owns a POS business with 3 operators under him. I also spoke extensively to the one on my street when I considered adopting the same model. If you see people sitting down there all day to give you money don't think it is because they have nothing else to do. There is money in the business even if it is not so much. They can afford 10k. And btw, each of those machines costs 25 - 250k (at least as of 2022) so its laughable to complain about 10k.

They want to make money again

Its good to register a business

Let pos register under cbn if needs be

Ah

E go touch every body next time Una go get sense

Tabletuner:
There are people who profit from a “jaga jaga” Nigeria you know?

Who are the people?

tuzle:
don't we still have cases of fraud without being able to trade the suspects?

So this doesn't happen in developed country too

Fearyourcreator:
So this doesn't happen in developed country too

go and commit fraud with ur bank account in USA or Germany and see if they won't trace u.

more POS kiosk might shut down.
more ATM queue
more hardship




i register business.
-Business Names
_Limited
-PLC
-Incorporated Trustees

Tax Loading ........... They should prepare for the tax that is coming their way

Ojoabidemi9:
..and registration should be free.

Is 20k oooo .not free

tuzle:
go and commit fraud with ur bank account in USA or Germany and see if they won't trace u.

Oga go sleep joor, we dey talk reality here... A lot dey happen there oga ... Na una dey always shout on social media like person wey technology go leave of una no talk ... E dey happen there too ... Their system dey okay bah but yahoo boys dey load cc like werey for here .. go sleep joor

Tabletuner:
It’s unfortunate that Nigerians want a better country but don't want the right things to be done…

Ah swear! Criminals are now snatching people's ATM cards at a gun point. I support this move straight up.

Fearyourcreator:
Oga go sleep joor, we dey talk reality here... A lot dey happen there oga ... Na una dey always shout on social media like person wey technology go leave of una no talk ... E dey happen there too ... Their system dey okay bah but yahoo boys dey load cc like werey for here .. go sleep joor

okay

SmartyPants:
I have a friend who owns a POS business with 3 operators under him. I also spoke extensively to the one on my street when I considered adopting the same model. If you see people sitting down there all day to give you money don't think it is because they have nothing else to do. There is money in the business even if it is not so much. They can afford 10k. And btw, each of those machines costs 25 - 250k (at least as of 2022) so its laughable to complain about 10k.

with the competition around the money they make isn't that much except u are in a open place. Some don't make up to 10k profit in a month.

SmartyPants:
Lol do you know how much a single POS machine costs? Any business that doesn't make up to 1k a day can never afford one. Where do you people get these figures from?

Yes, some of them got fairly used POS machines at a cheaper price (20k -70k) but I know what I'm saying, there are kiosks whose main biz isn't POS and they don't make up to 1k from the POS per day.

The POS is just there to supplement their main business.

tuzle:
okay

All those scams hush puppy dey pull before them catch despite say he dey show off ... Dem dey sleep then bah... Which yeye security them get wey una dey hype ... Movies don scatter your head .. shit dey everywhere ... Try dey enter YouTube dey see these guys complain about their country too... Dey read yahoo news , then check their comments there , your eye go clear wella... Una no dey ever appreciate una things ...

tuzle:
with the competition around the money they make isn't that much except u are in a open place. Some don't make up to 10k profit in a month.

Is there any business without competition? From what I've seen, at least here in Abuja, POS people are doing okay. And if it is sitting in a desolate place that would make one not see 10k in a month, then fortunately, POS is a highly portable business. You can carry your kiosk and go to a better location. As at the last time I asked, the one in my street was doing 150k monthly, although this was 2022.

Tabletuner:
It’s unfortunate that Nigerians want a better country but don't want the right things to be done…

The right thing to do would be to mandate banks to make sure their ATM machines are always stocked with cash!
POS was borne out of the failure of banks,

2aces:
They want to start taxing pos now, this government think say naija na uk

I already pay BTW 8k and 11k everymonth to the FIRS for pos operation since last two years...it is called Withholding tax..(.WHT)

What kind of rubbish is that the pos is issued by registered bank or registered company its meaning less to ask million of of pos owners to registered another avenue to harass innocent citizens

They keep shrinking and chocking the little wherewithal Nigerians have left.

The plan is to get a proper database to enhance tax collections.

Ever since this unquestionable administration came to power, The masses have not rested. From one policy to another.
Anything that will further impoverished the masses is what this administration is set out to achieve without minding how they masses cope on daily basis.

Today is POS, tomorrow who knows what... They should just sale the country and share the proceeds to all Nigerians. Instead of this nonsense going on.

Who knows what tomorrow own will be. Nigeria we hail thee

All will still fall back to common man. Registered POS will hyke their charges... Common man have no option than to endure n pay.. with time he get use to it and takes it as normal thing.. with time FG will reduce the charge small, and d common man will jump n clap hand for the government that they're doing well.. like this I'm not seeing Nigeria bettering..... Smh

SmartyPants:
Lol do you know how much a single POS machine costs? Any business that doesn't make up to 1k a day can never afford one. Where do you people get these figures from?

Beer parlour 😁

Mobile money will solve all these POS problem.

kenn4rill:
Always looking for any available means of frustrating businesses, even the least POS business sef Dem done dey put eyes. Very wicked government

So asking business men to register in a country is the act of killing business and economy??



😆 😆

APC government always punishing the poor people that are even trying to survive this Tinubu hard economy...this is wickedness

You as a federal government you cannot create jobs and provide jobs for the youths...pos bussinesses it's the only job youths are doing to survive this Tinubu hard economy...so leave them alone

meetme01:
Werey lawon people you shi.

Will they start going from one sport to the other do identify those who have not registered or what exactly is the effect of the registration?

Seriously, we cannot move forward with all these wake up and draft policies. That's not how it works.

Just to siphon money from the poor after cyber
tax.


Let the poor breath..

The Fintech company the agent is representing will restrict the agent's account.

SmartyPants:
How does CAC registration of 10k [with a two-month period of grace], amount to frustrating POS operators? Mention one country you know where people do business without registering first.

You must be kidding. Where did you register at 10k? The least price you will ever get is 20k and now that it's compulsory, your guess is as good as mine.

Treasure17:
You must be kidding. Where did you register at 10k? The least price you will ever get is 20k and now that it's compulsory, your guess is as good as mine.

That is if you're using an agent. If you do your business registration on your own what CAC charges is 10k.