₦airaland Forum

SmartPolician:
N37 trillion will be sounding like a lot of money until you convert it to dollars and compare it with what Google or Amazon generates in a similar quarter. This country needs creative minds to harness its huge potential.

Oga quash that thought #37 trillion is a lot of money within our locality,moreover our budget are finance in Naira not dollars

The google and Amazon you mentioned are multi int'l companies earning from all over the world, Nigeria dont earn from all over the world lets quit the comparism

Nigeria problem is not low revenue, regardless of high Revenue, if the govt continue to toll the path of no accountability no transparency and steadfast corruption Nigeria wont see any positive impact. its as direct as that.

Is it not mind boggling the ministries are insisting with lastest update on revenue we dont need to borrow But Tinubu is hell bent on borrowing .. then whats the sacrifice Nigerians made for, all that crazy revenue drive and high taxation is to solve what

chidiokay:
Oga quash that thought #37 trillion is a lot of money within our locality,moreover our budget are finance in Naira not dollars

The google and Amazon you mentioned are multi int'l companies earning from all over the world, Nigeria dont earn from all over the world lets quit the comparism

Nigeria problem is not low revenue, regardless of high Revenue, if the govt continue to toll the path of no accountability no transparency and steadfast corruption Nigeria wont see any positive impact. its as direct as that.

Is it not mind boggling the ministries are insisting with lastest update on revenue we dont need to borrow But Tinubu is hell bent on borrowing .. then whats the sacrifice Nigerians made for, all that crazy revenue drive and high taxation is to solve what

I won't jettison any thoughts. You people need to understand that figures mean nothing when the value of your currency isn't worth more than tissue papers. In the past, I could buy a tuber of yam for #100, but #2k cannot even buy a decent tuber of yam now. That paints the abysmal nature of today's Nigerian economy. There's a reason GDP and growth are measured in the USD; it shows everyone (both Nigerians and non-Nigerians) the true health of your economy.

Once again, figures mean nothing when a currency is worthless. Over 70% of that generated sum will go into paying salaries, pensions and compensation because it's just peanut. With or without corruption, Nigeria is not a rich country as politicians only steal the chicken change already budgeted. That's why Buhari and Tinubu keep borrowing to fix basic infrastructure.

You guys need to perish that thought that this country is rich. Your entire federal budget is less than a state budget in America. Nigeria needs creative minds to unlock all her untapped potential. If you like you learn, if you like, you keep arguing ignorantly.

But nnpc is broke and can’t service it’s debts
Meanwhile Eryn data we should borrow more
Epileptic government

At what cost

Where is the money? Money that can't reflect on the well being of common people.

SmartPolician:
N37 trillion will be sounding like a lot of money until you convert it to dollars and compare it with what Google or Amazon generates in a similar quarter. This country needs creative minds to harness its huge potential.

Nigeria spends Naira not dollars..

Naira used to be close to the dollar but whyte people knew that a black country having a strong currency is bad for them so they use their institutions to tell Nigeria to devalue the currency if they want loans and also use Nigerian presidents to do other anti-Nigerian and anti-black policies..

If Nigeria budget is N40 trillion and N1 was equal to $8... you won't be making this comment..

Wanderment! And we dey borrow upadan

SmartPolician:
I won't jettison any thoughts. You people need to understand that figures mean nothing when the value of your currency isn't worth more than tissue papers. In the past, I could buy a tuber of yam for #100, but #2k cannot even buy a decent tuber of yam now. That paints the abysmal nature of today's Nigerian economy. There's a reason GDP and growth are measured in the USD; it shows everyone (both Nigerians and non-Nigerians) the true health of your economy.

Once again, figures mean nothing when a currency is worthless. Over 70% of that generated sum will go into paying salaries, pensions and compensation because it's just peanut. With or without corruption, Nigeria is not a rich country as politicians only steal the chicken change already budgeted. That's why Buhari and Tinubu keep borrowing to fix basic infrastructure.

You guys need to perish that thought that this country is rich. Your entire federal budget is less than a state budget in America. Nigeria needs creative minds to unlock all her untapped potential. If you like you learn, if you like, you keep arguing ignorantly.

Yam is not imported so that is due to the greed of the farmers, sellers e.t.c.. who visit the U:S often and want to impose U:S prices on Nigerians so that they can fund their abroad lifestyle..

Rashduct4luv:
Which tax was increased?

Has the new tax system been accepted and passed?

Think wild, was custom duty not increased under him, just like it was under buhari, what about subscription company like star time and multi choice.

Collectocracy

Rashduct4luv:
Which tax was increased?

Has the new tax system been accepted and passed?

As u try to form ignorant of the fact let me teach u,
The vAT increase, subscription company increase that affected dstv and mtn data tax read about that,