IMF: Property Taxes Can Help Nigeria, Others Develop - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › IMF: Property Taxes Can Help Nigeria, Others Develop (13328 Views)
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by mrvitalis(m): 9:33am On Nov 13, 2024 |
ZaddyJ:Those countries u mentioned... Check their daily oil production multiple by 365 then divide by population Then do for Nigeria Ghana produce more oil per capita than Nigeria even... Ignorance is bliss sha |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Believeintruth: 9:36am On Nov 13, 2024 |
so what essentially is Land use charge? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Christlike01: 9:37am On Nov 13, 2024 |
Hmmm, it's coming—rent is set to skyrocket, becoming unaffordable for the average Nigerian. If you're living in a rented apartment, you should be concerned about this news. There's no doubt about it: Tinubu will implement this so far it's recommended by the IMF. Landlords will inevitably pass the tax burden onto tenants through higher rents—it's just how things work. Anyway, many Nigerians seem indifferent; they happily accept whatever is thrown their way. After all, they’re already paying N1,200 per litre for petrol and aren’t complaining! Chai,Nigerians are terribly docile people! |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Believeintruth: 9:38am On Nov 13, 2024 |
mrvitalis:Bro must we depend on crude oil only? we have other resources, and we have vast arable land. These can make us earn as much as these Arabs, but greed is the in thing among our leaders. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by malali(op): 9:38am On Nov 13, 2024 |
lucianohase:Well said my friend. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by danhans(m): 9:39am On Nov 13, 2024 |
They've started their nonsense again |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by FireUpNow(m): 9:39am On Nov 13, 2024*. Modified: 2:01pm On Nov 13, 2024 |
The same way the IMF said that removal of fuel subsidy and floating of the naira can improve the Nigerian Economy . Later baba at Aso rock adopted it and when things gone South, IMF will come to say they didn't tell the govt of the day to adopt such policy. Africans mumu never too much abo? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by criuze(m): 9:39am On Nov 13, 2024 |
What are they doing with the ones they have collected |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by malali(op): 9:42am On Nov 13, 2024 |
Lithiumite:Collecting revenue without creating complementary jobs.....is akin to a genocide. Where do you expect the citizens to get money to pay the taxes ? Do you know the homeowners will transfer he cost to the tenants ? The unemployment rate in Nigeria is over 50% and getting worse, thats why JAPA is on the rise....So where exactly do you expect people to get this money from ? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by COMPAQ(m): 9:42am On Nov 13, 2024 |
ZaddyJ:Im tired of this reference to Middle East Countries. The Whole indigenous population of Qatar is like 600k and they produce similar oil to Nigeria and like 6times more gas than NLNG. That's like the entire Nigeria's wealth spent on an area the size of Lagos state with 1mln people living in it. Would such need property tax!!?? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by malali(op): 9:43am On Nov 13, 2024 |
ThunderfireNLMO:I don't know...sometimes i wonder if Tinubu's initials is I.M.F Because i am sure we didn't vote for I.M.F |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by COMPAQ(m): 9:44am On Nov 13, 2024 |
lucianohase:Focus on the wealthy in VI, Lekki Ph1, Ikoyi, Banana Island, GRA's and its less of an issue. Most houses in such areas a re owner occuopier and if you are renting there, then you are also wealthy and its not a problem. Will someone paying N10mln rent per year in Banana Island move to Gbagada because of N500k? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Nobody: 9:50am On Nov 13, 2024 |
Dear Mr Malali, well I reckon we would continue to explore until Nigeria gets better. Let LGAs tax property and collect taxes more efficiently, it is more money for the government. Our debt burdens are unsustainable, we need to have a timeline of say 10-20 years when we would achieve a budget surplus. So more taxes are welcomed and we need to broaden the tax bracket. If the economy improved we would say the government has done well, and they'd get another four years - the day of reckoning is coming in three years (though it's arguable that four years are too short to see the full benefits of the economic reforms but we have see some quick wins that signifies the morning shows the day). malali: |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by kettykin: 9:50am On Nov 13, 2024 |
COMPAQ:Most businesses occupying those buildings are on edge aside banks and oil company. First fix basic things in the economy like national grid, security, lopsided federal structure before this. And if this happens, it should be spearheaded by states |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Benekkk: 9:51am On Nov 13, 2024 |
I like it. Tax them to death to reduce population growth! |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Nobody: 9:51am On Nov 13, 2024 |
well, I reckon we would continue to explore until Nigeria gets better. Let LGAs tax property and collect taxes more efficiently, it is more money for the government. Our debt burdens are unsustainable, we need to have a timeline of say 10-20 years when we would achieve a budget surplus. So more taxes are welcomed and we need to broaden the tax bracket. If the economy improved we would say the government has done well, and they'd get another four years - the day of reckoning is coming in three years (though it's arguable that four years are too short to see the full benefits of the economic reforms but we have to see some quick wins that signifies the morning shows the day). malali: |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Benekkk: 9:52am On Nov 13, 2024 |
criuze:Good question. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by baralatie(m): 9:53am On Nov 13, 2024 |
oluseyiforjesus: |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Dokitto001: 9:54am On Nov 13, 2024 |
IMF don't care about Africans. In fact IMF is a western tool to keep Africa and poor countries impoverished. Here's how. IMF gives federal government loan and insists they pay it back in dollars in about 10 or 20years times. ( let's say $5b) Today dollar is 1600 and that'll be about 8trn or so naira. By the time Nigeria would have to pay back in 20yrs it'll have about 50trn naira due to inflation. And also remember that interests would be accrued and paid all these years. Now IMF also pushes Nigeria to tax its citizens more and this leaves the citizen with little or no money for capital investments after tax. And guess what happens to the IMF loan? The politician steal them and goes to give them back to those western nations in the name of buying houses, sending their kids to porche schools, health tourism, buying expensive jets and cars for politicians. So in essence these guys gives us liabilities and leaves us and children with mountains of depts to pay. Stop IMF or any external loans expect for named projects that has the capacity of paying it back. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by baralatie(m): 9:55am On Nov 13, 2024 |
Believeintruth:That is why imf are not serious |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by mrvitalis(m): 9:58am On Nov 13, 2024 |
Believeintruth:Which resources do you have? Name them Oga every serious country run on tax.. Tax and tax that's the way to go |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by malali(op): 10:02am On Nov 13, 2024 |
Tunaji:Asking your daughter to go and prostitute because your lender is suggesting thats another way to make money to pay back the loan you collected from him is not a good idea. Nigerians are currently being raped by inflation, removed oil subsidies, and free floating naira...which might be good measures but you have to reduce unemployment to a reasonable extent before you kill all the vulnerable Nigerians and the rest japa abroad while collecting revenue for the government. The same government we are collecting revenues for are buying private jets, renovating VP residence with 22 billion, allocating jumbo salaries to senators and furniture and housing allowances ? You think Nigeria is Lagos, go to the core north...poverty is ravishing people, with malnutrition, high maternal mortality , illiteracy and unemployment. Are these the people that will pay revenue to the senators and house of rep and buy the presidents jet ? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by kuntash: 10:07am On Nov 13, 2024 |
mrvitalis:you are not dealing with Machines. why not wonder the reason IMF are not suggesting ways to curb stealing in governance? doesnt that bother you? States A, B, C and Z would make trillions and the funds goes where ? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by oyeb15: 10:10am On Nov 13, 2024 |
Those revenue goes to Ojuyobo personal account. His achievement is revenue generation. This same revenue is shares with his cronies |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Chuksgeo: 10:13am On Nov 13, 2024 |
We are Africans and there should be nothing concerning us with property tax especially ones in our native lands where we hail from. Useless IMF |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by descarado: 10:15am On Nov 13, 2024 |
mrvitalis:When you realise that the amount you pay for electricity is different from what north pays, what you pay as tax before pay is diff from what the north pays. Infact, tax in Nigeria is divided into 2, one on the high side for south and the other on the low side for north, you will always think twice before you come with this your economic projections. This property tax unless collected by state government will be another way to rub Peter to pay Paul Don't be hasty. Nigeria's problem is how to demystify the north. Any president who can unchain the parasite called northern Nigeria will have his name written in gold. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Heffalump(m): 10:17am On Nov 13, 2024 |
IMF is a stupid organization. They're all mad there. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by beejay85: 10:22am On Nov 13, 2024 |
Quelme:How much of taxes does UAE,Saudis,Kuwaitis and other oil producing countries pay? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by beejay85: 10:22am On Nov 13, 2024 |
Quelme:How much of taxes does UAE,Saudis,Kuwaitis and other oil producing countries citizens pay? |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Believeintruth: 10:24am On Nov 13, 2024 |
mrvitalis:If it is property tax, we have land use tax already. you and i know the resources we have. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by Nobody: 10:26am On Nov 13, 2024 |
Property taxes 🤣🤣🤣🤣 That means you will no longer own your home and at when you default and unable to pay within a grace period. That tax is evil irrespective of the gains. |
| Re: IMF: Property Taxes Can Help Nigeria, Others Develop by W0rdOfYahuah: 10:29am On Nov 13, 2024 |
mrvitalis:I pray the scales of ignorance falls from your eyes. Have you wondered why despite having the power to print money, the Govt resorts to taxes for revenue? |
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