₦airaland Forum

SalamRushdie:
The low IQ in the country is too much

Who told you Dangote is selling premium? Dangote is selling standard petrol and he is not even able to sell enough because Oando/NNPC are bringing in Ethanol blended dirty Petrol which account for over 90 percent of the sale of Petro in Nigeria ....you are being sold low quality ethanol flex fuel for the price of Americans standard Petro

So what is Dangote selling? Regular grade oil? Where did he told you he is selling standard oil?

What is my business with NNPC import? Abi you no see title of the thread that it’s about Dangote fuel ?

Kukutente23:
Just last month, Gov Kemp announced a tax rebate that he claims will save citizens over $1bn. Not only that same October, there was another tax rebates proposal per family which gave $250 to single fillers, $375 per family headed by a single and $500 per married couple. That's N805k you get for being married in Georgia. These two rebates I mentioned when fully implemented will cost the state $6.6bn. Note that these refunds are being given because state revenue rose. Now let's bring it home. Nigeria's tax income has been rising since the Buhari era and even got a leap since Tinubu came to power. With all the hunger in the land, when have you heard anything like tax refund. Instead it's how to tax the people more they are planning.

Stop all this copy and paste. Tax rebate is basically him returning the excess taxes charged from people. It’s a normal thing most USA state does regularly. Tax refund is not USA government giving us money, it is them doing their calculation at the tax year and seeing that you paid more than what the government should deduct and vice versa. Even during tax refund season, a lot of people owe the government and pay back. There was a period I had to pay state of Georgia money back during tax refund season.

Again Tax refund is not government giving anybody money. It is just them balancing account. If they charge more than usual, they pay you the difference back. If they charge less than usual, you pay the government the difference.

Nigeria charges tax on fuel. Multiple taxes actually. Making it sound as if the people in Nigeria are better off in terms of fuel price compared to the US is plain dishonest. If you're sure that's the case kindly jump on the next flight and come live under your darling Tinubu. You cannot hide in the US and be pontificating for us here.

USA also charge tax on fuel. Most states in USA charge gas tax. Now Tinubu tax proposal will exempt petrol from VAT. Like that, no VAT on it anymore.

I’ve been in USA before Tinubu and I frequent Nigeria every time. No be you go tell me how I go live my life. If I like I travel to Bahamas, if I like I come to Ibadan, if I like I go to Ibiza, I can live anywhere I want.

I guess in Nigeria's almost non- existent mortgage system, there's no down payment. Why don't you visit FHA webpage and see the requirements for yourself. How many people can afford it?

Yes, there will be down payment. You don’t expect them to start something and give everyone at 0% down for starters. I’ve been to FHA webpage, those price they listed those houses are still one of the lowest you can find in Nigeria. Everybody can’t have access to mortgage, even in USA, not everyone have access to mortgage because to see $20k to put as down payment + closing cost no be beans.

Nigeria is a weird country. We just think everything must be free. An extremely poor country that want mortgage free too.

Your FG is not shying away but what are they doing about food inflation? Just offering platitudes about turning the corner. Even the import duty exemption they announced was not implemented. Bread is beyond the reach of the poor and most of the locally made bread are not even if good quality or healthy. I doubt anyone will dare to sell such bread in Atlanta

Yes I agree on food inflation.

In September 2024, two moths ago, Petrol price for regular gasoline was $2.97 per gallon so Kperoogi is not lying. All this your claim on Dangote is a big fat lie. That's how he claimed his diesel was Europe standard only to backtrack later on. There's nothing Dangote cannot say to get an advantage. He knows NMDPRA does not have testing facilities. Moreover, most of the fuel in Nigeria is still imported and not from Dangote and Nigeria imports the cheapest fuel quality. That's a known fact.
So quit your BS

Kperogi is a sensationalist and someone who spread half truth. He should have been able to at least tell people the true state of event and that there are different grades.

My argument on this thread is not about imported fuel, it is about Dangote fuel. If you want to talk about imported fuel, you can open a new thread. Stay on topic abeg.

LegendHero:
I know because I am smarter.

Dangote has consistently stated that their fuel is Euro V compliant, and this claim has not been disputed yet.

Most European countries compliant with Euro V usually run average 95 research octane rating. So that means Dangote fuel will be >= 95 RON.

So if you convert that to USA standard Octane rating, it’s over 91 octane number which falls in premium petrol spectrum.

Euro 5 standard does mean 95 octane.Dont forget most european countries sell at least 2 kinds of pms starting from 87 octane.

bdon123:
Euro 5 standard does mean 95 octane.Dont forget most european countries sell at least 2 kinds of pms starting from 87 octane.

The standard fuel in UK is usually E10 and it’s 95 RON. That’s going to approximate to premium fuel in the USA since we use Anti knocking index here as the octane rating.

I never said it means 95 octane rating. Octane rating is what we use in USA, the Euro use more of RON (Research Octane Number). You’ll still need some formulae to convert it to USA octane rating AKI.

When you convert 95 RON to USA standard, it will still fall in the premium grade.

LegendHero:
The standard fuel in UK is usually E10 and it’s 95 RON. That’s going to approximate to premium fuel in the USA since we use Anti knocking index here as the octane rating.

I never said it means 95 octane rating. Octane rating is what we use in USA, the Euro use more of RON (Research Octane Number). You’ll still need some formulae to convert it to USA octane rating AKI.

When you convert 95 RON to USA standard, it will still fall in the premium grade.

Oga frm my research,it seems minimum octane rating sold in europe is 91.Therefore for dangote to meet their standards then he must sell minimum 91octane rating.....u are very correct.This also means its ok for his petrol price to be higher than one imported or produced by alausa refineries run by NNPC

LegendHero:
Stop all this copy and paste. Tax rebate is basically him returning the excess taxes charged from people. It’s a normal thing most USA state does regularly. Tax refund is not USA government giving us money, it is them doing their calculation at the tax year and seeing that you paid more than what the government should deduct and vice versa. Even during tax refund season, a lot of people owe the government and pay back. There was a period I had to pay state of Georgia money back during tax refund season.

Again Tax refund is not government giving anybody money. It is just them balancing account. If they charge more than usual, they pay you the difference back. If they charge less than usual, you pay the government the difference.


USA also charge tax on fuel. Most states in USA charge gas tax. Now Tinubu tax proposal will exempt petrol from VAT. Like that, no VAT on it anymore.

I’ve been in USA before Tinubu and I frequent Nigeria every time. No be you go tell me how I go live my life. If I like I travel to Bahamas, if I like I come to Ibadan, if I like I go to Ibiza, I can live anywhere I want.

Yes, there will be down payment. You don’t expect them to start something and give everyone at 0% down for starters. I’ve been to FHA webpage, those price they listed those houses are still one of the lowest you can find in Nigeria. Everybody can’t have access to mortgage, even in USA, not everyone have access to mortgage because to see $20k to put as down payment + closing cost no be beans.

Nigeria is a weird country. We just think everything must be free. An extremely poor country that want mortgage free too.





Yes I agree on food inflation.



Kperogi is a sensationalist and someone who spread half truth. He should have been able to at least tell people the true state of event and that there are different grades.

My argument on this thread is not about imported fuel, it is about Dangote fuel. If you want to talk about imported fuel, you can open a new thread. Stay on topic abeg.

You lie.
Tax rebate is different from tax refund. Tax rebate or tax credit or relief is simply money given to taxpayers as relief for money spent. You can have rebate for different things such as fuel, education, medicals, energy, transport etc. Are you saying all taxpayers in Atlanta paid $500 extra tax in October? What about the child tax credit of $2500 given to single families? Is it also as a result of paying too much tax? Kamala was even proposing increasing it to $6000. Besides, people have been paying formal tax to Lagos State for the past 26 years. Have you ever heard of tax refund, rebate or cut from that state? All you people ever do is come here to tout how IGR is increasing as evidence of performance. When will you remind Lagos State to offer tax rebates to tax payers of over 20 years?

Who said mortgage should be free? Who has ever cried to you for free mortgage? The conditions for govt mortgage in Nigeria is hardly affordable to the average income earner. And yes!! There's private mortgage in Nigeria by property developers and it's even worse. So worse most of them actively seek for people abroad to access it because they know most Nigerians will not be able to.

How does VAT removal make petrol affordable to the common man?

How much of the fuel in Nigeria today is Dangote fuel? You're the sensationalist because you want to compare apple with oranges in a bid to justify fuel increase that has led to inflation of every area of life for the citizens without any social buffer. Is that how the US you're holed in is run?

It is crap to claim Nigeria is poor. That's an illogical claim to make. Nigeria is not a poor country. It only has terrible managers. When did you realise Nigeria is poor? When APC came to power abi?

That's the problem with individuals like you. You come here to gaslight people about government failures that you ran to escape from. You finished school here after enjoying almost free education and you never contributed to the country by working to grow the economy. Instead you ran away immediately after you enjoyed the free education. That shows you never believed in the country. You can go anywhere you feel like but don't come here and be talking to Nigerians who live in the reality of the country that they are better off when you couldn't even try your luck for a day in the same country but jumped ship at the first chance. So spare me your BS pls.

Kukutente23:
You lie. Tax rebate is different from tax refund. Tax rebate or tax credit or relief is simply money given to taxpayers as relief for money spent. You can have rebate for different things such as fuel, education, medicals, energy, transport etc. Are you saying all taxpayers in Atlanta paid $500 extra tax in October? What about the child tax credit of $2500 given to single families? Is it also as a result of paying too much tax? Kamala was even proposing increasing it to $6000.

It’s all semantics. To get any rebates, you must file tax refund. What is the difference between one getting tax credit for using electric car and itemized deduction which will generally reduce what you should pay as tax and inturn put money to your pocket?

You will always get benefit for your children in tax year. Single people pay different taxes, married filing jointly pay lesser taxes, if you have children you pay lesser. This has always been the benchmark, I don’t know what you are saying.

No, $500 is not per month, it’s a one time thing in a year. Thats like $41/month if you want to make it monthly. It’s just a way the government is giving back coz people surplus state tax fund to people back.

Besides, people have been paying formal tax to Lagos State for the past 26 years. Have you ever heard of tax refund, rebate or cut from that state? All you people ever do is come here to tout how IGR is increasing as evidence of performance. When will you remind Lagos State to offer tax rebates to tax payers of over 20 years?

We don’t have tax refund in that sense like we do here because how taxes are collected is quite different in Nigeria. The woman selling food in the market pay fixed levies to the LG. Not like they took more or less from her, so why does she need a refund?

For PAYE, Nigeria offers some tax incentive like the CRA of 1% gross which eventually reduce taxable income. They also offer deduction on life insurance, NHIS, pension funds contribution. So this will generally reduce taxable income and it seems they do the calculation at source.

If you own a business here, I don’t pay tax at source. Every year, I will go to IRS and tell them I made $100k this year, I spent $20k on expenses, $30k on production, and I only made $50k profit. You then pay taxes in quarterly installments which means 4 times. So during the actual tax filing season, they calculate the percent tax you need to pay, then decide to give you some refund if you pay more or ask you to pay them if you paid less.

How is that same as what we do in Nigeria?

Who said mortgage should be free? Who has ever cried to you for free mortgage? The conditions for govt mortgage in Nigeria is hardly affordable to the average income earner. And yes!! There's private mortgage in Nigeria by property developers and it's even worse. So worse most of them actively seek for people abroad to access it because they know most Nigerians will not be able to.

You have to walk first before you fly. Our mortgage system or credit financing system in Nigeria is still at the infant stage. Private lenders dominate the market, government lenders are very small. What USA usually does on the government side is FHA which will allow you to pay very small down payment but your monthly mortgage will be higher coz they charge what we call MIP.

The new mortgage Nigerians doing is accessible to civil servants. We can agree the houses are still few, but I can tell you the government price that are selling them and the 30 years repayment options is still better than anything we have ever had. They can do more

How does VAT removal make petrol affordable to the common man?

How much of the fuel in Nigeria today is Dangote fuel? You're the sensationalist because you want to compare apple with oranges in a bid to justify fuel increase that has led to inflation of every area of life for the citizens without any social buffer. Is that how the US you're holed in is run?

You’re the one that initially said we charge tax on petrol. Then I said we won’t charge it anymore, then you come again asking how does it make fuel affordable. Be consistent please.

Yes, we still have some imported fuel in the market. It will halt soon, you can’t just expect those who have paid for future petrol to suddenly cancel contracts. The dominant man will eventually be Dangote and by next year the coast will clear. That’s why I am using Dangote.

It is crap to claim Nigeria is poor. That's an illogical claim to make. Nigeria is not a poor country. It only has terrible managers. When did you realise Nigeria is poor? When APC came to power abi?

Nigeria is not only poor, it is an extremely poor country. EXTREMELY poor country. Even when PDP was in power, we are very poor. Ever since them born me, there was no time the poor in Nigeria don’t complain. During PdP era, how many Nigeria can even afford a bag of rice? Most families don’t even buy full bag of rice. What about electricity? Access to good road? When has Nigeria even been better? Why did musicians sing “food no dey” during Obasanjo era? Why Nigeria jagajaga?

Nigeria trajectory always get worse year after year dive 1970. Why it feels like PDP did better inflation wise was because APC came after them. Nigeria was better in the 70s compared to the 80s, then that model hold true as you go decades in succession to 2024.

Check our budget size and compare it to other countries in Africa, that’s when you’ll know Nigeria is poor. We ain’t even comparing with developed economies yet.

That's the problem with individuals like you. You come here to gaslight people about government failures that you ran to escape from. You finished school here after enjoying almost free education and you never contributed to the country by working to grow the economy. Instead you ran away immediately after you enjoyed the free education. That shows you never believed in the country. You can go anywhere you feel like but don't come here and be talking to Nigerians who live in the reality of the country that they are better off when you couldn't even try your luck for a day in the same country but jumped ship at the first chance. So spare me your BS pls.

You’re the one gaslighting me. Since 1960, Nigerians have been traveling and it does not stop anyone from supporting, investing, or speaking about the country. I have a business back home, employ people, and contribute to the economy.

Don’t take your frustration on me, you can also go to Muritala if you want to travel, no be me say make you no jand.

Again if I like I stay in Kyoto and speak about Nigeria, if I like I go to Afghanistan and speak about Nigeria. If I like I stay in ATL and speak about Nigeria. If people can be abroad supporting Obi, they can be abroad supporting Atiku, why can’t I support Tinubu from anywhere?

LegendHero:
It’s all semantics. To get any rebates, you must file tax refund. What is the difference between one getting tax credit for using electric car and itemized deduction which will generally reduce what you should pay as tax and inturn put money to your pocket?

You will always get benefit for your children in tax year. Single people pay different taxes, married filing jointly pay lesser taxes, if you have children you pay lesser. This has always been the benchmark, I don’t know what you are saying.

Tax rebate is not tax refund. Stop telling lies. Rebates are more like discounts while refunds are payback for excess tax paid

No, $500 is not per month, it’s a one time thing in a year. Thats like $41/month if you want to make it monthly. It’s just a way the government is giving back coz people surplus state tax fund to people back.

We don’t have tax refund in that sense like we do here because how taxes are collected is quite different in Nigeria. The woman selling food in the market pay fixed levies to the LG. Not like they took more or less from her, so why does she need a refund?

For PAYE, Nigeria offers some tax incentive like the CRA of 1% gross which eventually reduce taxable income. They also offer deduction on life insurance, NHIS, pension funds contribution. So this will generally reduce taxable income and it seems they do the calculation at source.

If you own a business here, I don’t pay tax at source. Every year, I will go to IRS and tell them I made $100k this year, I spent $20k on expenses, $30k on production, and I only made $50k profit. You then pay taxes in quarterly installments which means 4 times. So during the actual tax filing season, they calculate the percent tax you need to pay, then decide to give you some refund if you pay more or ask you to pay them if you paid less.

Are you aware that small business are not supposed to pay income tax in Nigeria? That market woman is not supposed to pay tax at all based on Nigeria's laws except for tax that's based on operations. If she's paying a flat rate. How do you know when she pays above or below what she supposed to pay? The fact still remains that Nigeria does not have any such provisions in our tax laws no matter how you try to explain it away. People in US are far better off in terms of taxation than Nigerians. That's the bottom line

You have to walk first before you fly. Our mortgage system or credit financing system in Nigeria is still at the infant stage. Private lenders dominate the market, government lenders are very small. What USA usually does on the government side is FHA which will allow you to pay very small down payment but your monthly mortgage will be higher coz they charge what we call MIP.

The new mortgage Nigerians doing is accessible to civil servants. We can agree the houses are still few, but I can tell you the government price that are selling them and the 30 years repayment options is still better than anything we have ever had. They can do more

You're simply ignorant. Nigeria has had a mortgage system and credit system before independence. That we've failed to develop it is the issue. The funny thing is how you keep justifying and defending the inefficiency in a system you ran from. If these things are so good and lovely, move down to Nigeria and start enjoying them. You can't be holed up in the US and preaching to Nigerians about how good they are having it. That's nonsense. Put your money where your mouth is.

You’re the one that initially said we charge tax on petrol. Then I said we won’t charge it anymore, then you come again asking how does it make fuel affordable. Be consistent please.

Go and check again. It was you who first claimed that US charges actually lot of tax on petrol while the proposed bill removed VAT as if VAT is the only tax on petrol in Nigeria. NMDPRA fees alone is 28% of cost price. Do you have that in the US?

Yes, we still have some imported fuel in the market. It will halt soon, you can’t just expect those who have paid for future petrol to suddenly cancel contracts. The dominant man will eventually be Dangote and by next year the coast will clear. That’s why I am using Dangote.

imported fuel is the majority in the market. Dangote is less than 30%. Why do you think he went to court? They are still making fresh order as we speak. Why do you think they suddenly brought up an incomplete refinery?

Nigeria is not only poor, it is an extremely poor country. EXTREMELY poor country. Even when PDP was in power, we are very poor. Ever since them born me, there was no time the poor in Nigeria don’t complain. During PdP era, how many Nigeria can even afford a bag of rice? Most families don’t even buy full bag of rice. What about electricity? Access to good road? When has Nigeria even been better? Why did musicians sing “food no dey” during Obasanjo era? Why Nigeria jagajaga?

Nigeria is not poor. That's the most shallow excuse I've ever heard. To even claim that Nigeria is poor because Nigerians complain is to show you don't understand anything. Americans were complaining from 2022. Does it mean America became poor in 2022? It's a darn lie!! In PDP era, a bag of rice was less than 10,000 while minimum wage was 18000. The astronomical rise in price of rice started under Buhari when he closed the border in 2020 and you all hailed him then. Nigerians had it better under Obasanjo than they did under Abacha. I can boldly say that and use my family as example. Under OBJ, my family changed the house gadgets, finished the house we were building and bought a car. All these was possible because Obasanjo increased minimum wage from 700 to 3500 and then later to 7500. That's over 1000% increase in 7 years with massive employment in telecoms, banking and oil industry. That's when most of the middle class in Nigeria blossomed. So to claim Nigeria has always been getting worse US a big fat lie. Between 2002-2010, a good number of Nigerians migrated back home from the US. Some even came to become ministers like NOI.

Nigeria trajectory always get worse year after year dive 1970. Why it feels like PDP did better inflation wise was because APC came after them. Nigeria was better in the 70s compared to the 80s, then that model hold true as you go decades in succession to 2024.

Big fat lie. Nigeria of the 70s was far better than the 60s. Ever heard of the Udoji awards and the oil windfall? Nigeria's decline began in the 80s and was sped up by IBB's SAP which Tinubu is implementing all over again.

Check our budget size and compare it to other countries in Africa, that’s when you’ll know Nigeria is poor. We ain’t even comparing with developed economies yet.

budget size does not determine riches or poverty. I'm sure you're thinking of the size in terms of dollars. Yet you're the same dude who was asking why we compare minimum wage in dollars just a few pages back. Nigeria is an extremely rich but corrupt country. Chatham House says $582bn has been stolen from Nigeria since independence!! You're talking of budget size.

You’re the one gaslighting me. Since 1960, Nigerians have been traveling and it does not stop anyone from supporting, investing, or speaking about the country. I have a business back home, employ people, and contribute to the economy.

Don’t take your frustration on me, you can also go to Muritala if you want to travel, no be me say make you no jand.

Again if I like I stay in Kyoto and speak about Nigeria, if I like I go to Afghanistan and speak about Nigeria. If I like I stay in ATL and speak about Nigeria. If people can be abroad supporting Obi, they can be abroad supporting Atiku, why can’t I support Tinubu from anywhere?

You're free to support whoever you like. But don't come and be telling us nonsense about how we're having it better than people in the US. If you know Nigerian economic condition is better than what you have in the US, take the next flight and come back to Nigeria that you've taken from without contributing anything and face your audio business. Cause I don't know anyone who is holed up in the US and claims to be doing any business in Nigeria apart from importing used goods and further crashing the value of naira and the economy.
So since you're not in Nigeria, let those who are here tell you how they feel about things. Don't climb a pulpit and be making useless comparisons between Nigeria and US and making excuses for inept leaders. If the US was being run by the same clueless, corrupt and inept folks you support to run Nigeria, I doubt it will be the country it is where you can run to and go to hide from the real consequences of your political and economic choices.