₦airaland Forum

By the time T-pain finish with una eeh una go know say 6 and 9 look alike from different angle...

JAOS:
You guys have stole enough you may shutdown I don't care😛

Mob mentality.. every successful co and people have stolen without proof… but your politrickians are idolized for openly stealing.

MTN and co will pass on the cost to you.. the e-i-gnorant consumer.

fuckingAyaya:
to feed them with cassava,garri,ewa and ehnnnn... ?

Honestly, I do not understand how people, so bias against their own local food, can ever progress. But they glorify foreign food that do not grow so well in Africa.

White bread has been abandoned in foreign countries countries in favor of grains closer to the land but Africans still prefer over processed flour or die of hunger.

If MTN and other social companies make their products popular, fine. If you do not tax those products that Africans, especially Nigerian would rather stave to get, what are you going to tax??

Blazetrailer:
.....and they are the majority in Nigeria

unfortunate

Do you know how to read between the lines.

Naira was not floated, IMF had debunked the floating nonsense since March 2024 hence the have redused ti advanxe Nigeria loans. All international financial critics have stated that naira was devalued intentionally by the government, senior business leaders also know this hence he deliberately used the word "devaluation"

Only semi-literates still continue to swallow the "floating" fallacy.

Lavor234:
MTN and airtel have been declaring losses for several quarters due to the badly thought our floating of the naira
A lot of sectors need telecos
Banking, fintech, electricity, even schools and entertainment

Telecom is a critical sector. It's death will lead to the death of a lot of industries.
Agriculture, aviation, oil are dying sectors. Telecos are on their way out as well.

The government will kill the golden goose because of taxation

Zacheus Adedeji is d brain behind ds obnxious taxes here and there....
He sell The tax idea to T pain and tpain buys it immediately.voom

Nigerians have no choice..

2nd term Will be worst if he wins

Zacheus Adedeji ,FIRS chairman is d brain behind ds obnxious taxes here and there....
He sell The tax idea to T pain and tpain buys it immediately.voom

Nigerians have no choice..

2nd term Will be worst if he wins

A country that can't provide basic security or energy or power for investors to run business is leving heavy tax on them. Brainless demons

How is what he has written indicated any bias against local food?

banku:
Honestly, I do not understand how people, so bias against their own local food, can ever progress. But they glorify foreign food that do not grow so well in Africa.

White bread has been abandoned in foreign countries countries in favor of grains closer to the land but Africans still prefer over processed flour or die of hunger.

If MTN and other social companies make their products popular, fine. If you do not tax those products that Africans, especially Nigerian would rather stave to get, what are you going to tax??

Telecom will be for the rich only, just like petrol is and we get to go back to the days of thurraya phones.

Only great thing is about it that the agbaorians on nairaland will become extinct. No more cheap data.
Lol

Kobicove:
This guy is an alarmist, is it the 5% that will make the telecommunications sector shut down?!

.

Honestly I agree that the 5% cannot break telecom operators. That said they should be able to increase the tarrif. Telecoms is an almost inelastic product, so it won't make much difference to peoples consumption , considering how important data is to daily life now.

Kobicove:
This guy is an alarmist, is it the 5% that will make the telecommunications sector shut down?!

The man knows what he is saying. .

Tariffs can't be increased except approvals are signed by NCC and other regulatory bodies. . So in most cases, that is where the battle hangs.

It's not easy for them. . There are a lot of times that NCC will instruct them to reverse their price, even after several months of comminication to customers.

I no go lie these telecom companies have very fair prices. There's hasn't been rampant increase in their tariff. Better they increase the tariff, and improve service delivery to save the sector from dying.

MUMU man

JAOS:
You guys have stole enough you may shutdown I don't care😛

These corruption politicians who don't care about the country nor do they know how to fix the economy are just looking for more free money to mismanage.

They have no idea in their medula oblangata's to fix this country neither do they have the will too.

How can all u do is unwarranted taxes and taking ridiculous loans while the country remains largely unproductive and the economy toxic.

Jokerman:
Not really ..

We need many Nigerians in the farm and military 🙂

Take your family to military or your tribesmen.

This is the danger of half education. You will end up spinning rubbish thinking you are making sense publicly.

Firstly, what he is saying is that is that telcos are running at losses already, and another 5% levy increase the cost of services, making it more expensive to consumers thereby reducing their turnover further, and with huge fixed and other operation costs that are involved, their losses will increase further driving them more into debt and closer to insolvency.

If they are allowed to increase tarriff, they can recover losses and might have enough to cushion the effect of the taxes if and when government want to put an additional tax on them. You cant be controlling my revenue and then be adding more taxes to my products(with knock on effect on my revenue) while i am running at a loss already. Free me and let me have competitive prices if you must tax my products more.

MTN and Airtel have sustained losses for more than a year now, if it continues, they will erode their shareholders funds and next thing is insolvency. Before it gets to that the owners might decide to pull out of Nigeria with its attendant effect on GDP thay is already shrinking. That is all Karl was saying.

By the way, Excise duties are mostly used to discourage consumption as they are in-country taxes with a direct effect on cost of products and services. They are usually placed on alcohol, tobacco,cigarrette and other local production that the government considers harmful and want to limit.

And contrary to what you stated below,telecom services are not inelastic to price changes. They are competitive products that react to movements in prices. That has been proven again and again in the UK, France and other markets in Europe especially. In fact it is so price competitive that bigger ones swallow the small telcos for fun using aggressive pricing.(you can read it up)

It is this same half education that made people think the naira was floated even when IMF and outside world called it devaluation.

No wonder the current administration js able to get away with so much ineptitude, because they know the half educated "literates" will buy any hogwash they put out their without blinking.

COMPAQ:
.

Honestly I agree that the 5% cannot break telecom operators. That said they should be able to increase the tarrif. Telecoms is an almost inelastic product, so it won't make much difference to peoples consumption , considering how important data is to daily life now.

nedekid:
Abi oh. Make e happen jare.
Thank God say some people fit waka enter "eloplane" go chill, when the madness end them come back. Some people for this forum don open aza ablod transfer all them savings. As them de earn them de save am away, incase any casala burst, even if them block airport, na to take bush cross border (not like mumu bobriski). Once you cross, foreign aza atm card go work, you fit access your money.
Hope you get ya own plan B.

yes now. I just dey wait make the kasala bust

morikee:
See reasoning for God Sake

wetin do the reasoning? I dey even pray make we go back to the time of Adam and Eve. I wan see breasts and toto of all dis nairaland people wey dey make yanga, especially those female moderators wey dey always ban me

Spot on🔊🔊📢📢📢📢
The doomed dingBAT has only come to STEAL, KILL AND DESTROY 💯💯💯💯

fuckingAyaya:
If Tinubu imposes 5% tax on telecoms they will be left with no choice than to hike their tariff, the poor masses will be at the receiving end. Be like say Tinubu sign MOU with devil to finish us before December.

That what you get when you need power and you have no clue what to do with it , he just want to tax the poor dry people are suffering and no end of this suffering yet they keeping taxing instead of production.

Someone said they can shut down, he doesn't care.
It's that calibre of people we have trying to rule.
Shame!

Jokerman:
Not really ..

We need many Nigerians in the farm and military 🙂

.
Which one are you in? Farm or military?

Tayorshd87:
Oga nothing last forever if they park off like nitel new one go start up again.

New one from where?
Will you in your right senses bring your business to invest in a volatile economy like Nigeria?
Where your 100M naira can turn to 45M purchasing power over night ?

You think Etisalat and Co. will still breath when MTN shuts down?

I don't know the can of brain u guys have, God forbid

JAOS:
You guys have stole enough you may shutdown I don't care😛

Melagros:
COMRADES, Nigeria is in deep mess, only the wise knows this fact

Very big mess

I don't why we are join together with fools like u ,very backwards and stupid thinking person. Sometimes I wonder what kind of human beings u are, other countries are moving forward, making innovations to better the live of it citizens, but u are here supporting a fail government

BABANGBALI:
na lie jo. Were we not living before the arrival of telecom?

JAOS:
You guys have stole enough you may shutdown I don't care😛

See how you dey display your ignorance for the world to see.

JAOS:
You guys have stole enough you may shutdown I don't care😛

Wetin you dey talk.

Tayorshd87:
Oga nothing last forever if they park off like nitel new one go start up again.

wetin you dey talk. If new one come Dem go tax am to

fuckingAyaya:
do you know how many Nigerians will lose their jobs? Omo no use this brain cross Express abeg ooo.

You dey tell am to use him brain. Person wey no get brain dey house brain?

ShogunNoName:
The reasoning of a typical Yoruba.

So backward

You parents didn't make it in life and your following that same part, please don't give birth they will not make it too.