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IMF: Property Taxes Can Help Nigeria, Others Develop - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsIMF: Property Taxes Can Help Nigeria, Others Develop (13275 Views)

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Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Wisefellow(m): 8:38am On Nov 13, 2024
Tax does not develop a nation, high productivity of people, goods and service does! The copy and paste policies being implemented by Tinubu's administration will keep poverty rate higher as IMF gains more if Nigeria remained undeveloped with debt trap.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Quelme: 8:38am On Nov 13, 2024
Mindlog:
Share how the ones being paid, has been value for money, has been properly utilized.
government is working but you guys refuse to see it.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by WorkaholicB(m): 8:38am On Nov 13, 2024
malali:
https://www.thisdaylive.com/index.php/2024/11/13/imf-property-taxes-can-help-nigeria-others-develop/
What international monetary fund knows is how to tell government to tax the citizens and suffer them the more. They will not tell the government to give the citizens dividends of democracy. Thunder will fire that useless international body.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by freemanq(m): 8:39am On Nov 13, 2024
God punish Imf
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Blackmercyvelly: 8:39am On Nov 13, 2024
IMF are not helping Nigeria but they are stealing and looting us
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by ehikwe22: 8:40am On Nov 13, 2024
IMF is the weapon fashioned against the developing countries. They won't stop until Nigeria disappear from the surface of the earth.

Maybe they want to repopulate it with their people
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Ghotze: 8:41am On Nov 13, 2024
First of all Nigeria lacks accurate records of properties across the nation, ineffective enforcement mechanisms which will lead to corruption and unequal taxation. You can't burden a nation with such kinds of tax where there is already hardship with no stability in view.

I think we should focus on improving existing tax collection, diversify our revenue streams and enhance transparency in how funds are used.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by IyanAtiEgusi: 8:42am On Nov 13, 2024
mrvitalis:
I have said it here for over 2 years , property tax is what is used to fund bulk of budget around the world

Every state can earn 300 billion minimum yearly from property tax

Lagos and Anambra can earn trillions


And this would always wake the people up and get them more involved in politics
anybody wey dey against dis no want make Naija develop cool
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by lekonso: 8:42am On Nov 13, 2024
Quelme:
Nigerians are chronic tax defaulters.

They don't want to pay tax but yet want their country to look like Germany.
No one is against payment of taxes if you can see clearly what they are doing with the taxes.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by IyanAtiEgusi: 8:42am On Nov 13, 2024
Agricmoney:
ok.

Anyway, Agriculture is life
localfarmer cool
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Lithiumite: 8:43am On Nov 13, 2024
malali:
The Neo-Colonialists will not stop till every single Nigerian is DEAD.

1-Remove oil subsidy, the country will get better

2-Float the Naira the economy will be perfect

3-Now they are advocating for property tax on every house.

Why did we vote for legislators when fiscal policies are implemented on the directive of IMF and World Bank ? Removal of fuel subsidy and floating the Naira without a legislative debate and agreement by majority constituents in the house of rep and senate.....was an illegal and impeachable act.
We know the ndi developers won't like this.....Lagos is already making so much from tenement rates but a state next door like Ogun state isn't making anything from the huge property revenue potential.

The good thing about the IMF suggestion on this is about domesticating it at the grassroot where revenues from this can be used to develop the local govts.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by IyanAtiEgusi: 8:44am On Nov 13, 2024
phransix2:
Do you know that "K" in KFC stands for Kentucky?
No it stands for Kpekus/Kukunase cool
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by CHAQUR: 8:44am On Nov 13, 2024
Lol... IMF keep threatening the Nigerian masses with various hardship proposals... God dey.

Anyways, to achieve a working Nigeria, almost every one will have bruises of steps on their toes. We wouldn't have minded if our leaders could be upright.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by awoo47: 8:45am On Nov 13, 2024
mrvitalis:
I have said it here for over 2 years , property tax is what is used to fund bulk of budget around the world

Every state can earn 300 billion minimum yearly from property tax

Lagos and Anambra can earn trillions


And this would always wake the people up and get them more involved in politics
this will make rent skyrocket...
And you think it won't affect everyone? Lanlord will simply pass the cost on to tenants
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by DeepSight(m): 8:46am On Nov 13, 2024
These manaical demons again. They simply will not rest. I wish them all speedy death, distraction from our matters, and calamity.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by magnum247: 8:46am On Nov 13, 2024
They just want rents to become more unbearable because I can assure you that property owners especially the ones renting out won't shoulder the cost.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by zeyt: 8:47am On Nov 13, 2024
IMF with their yet another diabolical recipe for disaster to Nigerians.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by MrPOTUS: 8:47am On Nov 13, 2024
Quelme:
Nigerians are chronic tax defaulters.

They don't want to pay tax but yet want their country to look like Germany.
The little they pay, that has the useless government done with it? Loot and spend lavishly undecided
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Xtraterestial: 8:48am On Nov 13, 2024
mrvitalis:
I have said it here for over 2 years , property tax is what is used to fund bulk of budget around the world

Every state can earn 300 billion minimum yearly from property tax

Lagos and Anambra can earn trillions


And this would always wake the people up and get them more involved in politics
make dem start with your property
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by neonly: 8:49am On Nov 13, 2024
See our leaders jumping to take advice from people dat dont want our development
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by skywalker240(m): 8:52am On Nov 13, 2024
kasim155:
IMF will soon destroy Nigeria totally with all this their rubbish suggestions
Na today you know
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by themanderon: 8:53am On Nov 13, 2024
Has anyone ever noticed how these Bretton woods devils never tell our criminal minded leaders to reduce or stamp out corruption and profligate spending?. It is only policies that will further sink Nigerians into abyss that they recommend.
They will all burn for their wickedness.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Pawa100: 8:53am On Nov 13, 2024
Tax n Tax n Tax 😡😡😡😡

T-PAIN-matrix

BAT- Tax
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by GetSenseNow: 8:56am On Nov 13, 2024
Quelme:
Nigerians are chronic tax defaulters.

They don't want to pay tax but yet want their country to look like Germany.
The issue is not paying taxes, the issue is where the taxes go. People already pay billions in taxes and it ends up getting looted.
We have useless politicians
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by NinjaMetahuman: 8:57am On Nov 13, 2024
Imf is mad
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Alliswell248: 8:59am On Nov 13, 2024
SmartPolician:
Lagos State started collecting property taxes long ago. Afterwards, APC folks will be celebrating Lagos' huge IGR, but nobody cares about how it's being generated.

If other states tax their people the way Lagos State taxes residents, their governors won't be re-elected.
Is anybody forcing your state from collecting?
You must be living on Pluto not to see the stride Lagos is making.

Leave Lagos and return to your state.... U say no.
Go n develop your state....
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by 1x2x3: 8:59am On Nov 13, 2024
The problem with Tax in Nigeria unlike western world is that we have thieves who would rather steal than put the Taxes into good use.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Elidrisy20: 9:00am On Nov 13, 2024
IMF na only Nigeria dey for this world?
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Elusive001: 9:00am On Nov 13, 2024
mrvitalis:
I have said it here for over 2 years , property tax is what is used to fund bulk of budget around the world

Every state can earn 300 billion minimum yearly from property tax

Lagos and Anambra can earn trillions


And this would always wake the people up and get them more involved in politics
Is revenue generation the problem of Nigeria?
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Global2000: 9:01am On Nov 13, 2024
What's the need of paying taxes. When people at the helms never utilise funds in appropriate ways. Its a civil obligation.But misuses of public funds without appropriate accounting, prompt civil refusal towards its obligations.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Zico5(m): 9:02am On Nov 13, 2024
With this level of suffering on the masses. I wonder if IMF know what's going on in Nigeria currently. People are committing suicide on daily basis but they are deaf to that. What matter to them is tax, tax and tax. I know Tinubu as a wicked person will begin to move on it since it's anti people's policy.
Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Iamzik: 9:02am On Nov 13, 2024
mrvitalis:
I have said it here for over 2 years , property tax is what is used to fund bulk of budget around the world

Every state can earn 300 billion minimum yearly from property tax

Lagos and Anambra can earn trillions


And this would always wake the people up and get them more involved in politics
Whoever is thinking about introducing property tax in Nigeria right now is Wicked. Do you know the average cost of rental property at the moment?

Does government want to make people homeless in addition to the unbearable economic downturn since Tinubu removed subsidy?

The huge revenue they are currently earning from subsidy removal what have they done with it?

Other countries collect these taxes and fund education, healthcare, subsidized fuel and build infrastructure.

If you collect property tax will government put all the above subsidies in place?

We like to copy developed countries when it comes to taxation while at the same time advocating for government to take away subsidies that citizens should benefit from.

After paying all of these taxes and enduring inflation and extremely high cost of living what is the benefit of ordinary citizens?
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