₦airaland Forum

Bendeco02:
During Buhari's tenure, yorubas were the ones defending his flops on media

On this tinubu's regime, yoruba defends fellow yoruba

What we have now is sectional government.

Only people from his region supports and defend him.

His appointment is only his kinsmen

They don't know the region to concentrate their hate speech now. Whether North or East

The same zulum they praised few years ago. Some of them even predicted him to be tinubu's running mate before 2023. They are now attacking him because he said the fact.

For some of you southerners supporting this task reform. Think and know who you're supporting.

Yoruba don't like anything that favours all or free and fair. They are self centered people. In years to come you will realise their true motive. Don't allow them deceive you with the south vs north rubbish

Nobody is attacking Zulum and he is a bonafide APC member at that but facts have just been thrown to his face and he needs to stand corrected.

This parasite is from borno state,north east Nigeria.
The same north east that has north east development commission funded by the Niger Delta oil!!!


Thunda faya these leeches abbokis

Bizaustine:
Ode You are not only the dumb one hear , you are the zombie that's destined to be dumb all the days of your life 😁

Where in the bill is it stated that tetfund,nitda and naseni would be scrapped ....if you can't proof it keep quite and go get a job.

Bizaustine:
Jobless urchin, shut up you have nothing doing with your miserable life.

Let's here what You do for a living and see if the Tinubulation nor reach that sector 😁.

Senseless daft Apc urchin, they should come out on the streets so jobless touts and urchins like you will pounce of their businesses like the endsars madness right?
They should come out so T-pain will send his boys to shoot them for protesting ba?.

The sensible human beings hustling on the streets of Nigeria don already give hope on T-pain, but We will call him what he is a total failure. No be everybody dey destined to be a zombie and eru happy slave like you na😁.

Smart people are getting ahead of the economic challenges but slowpokes like yourself are hopelessly caught up in the doldrums.

Lithiumite:
Smart people are getting ahead of the economic challenges but slowpokes like yourself are hopelessly caught up in the doldrums.

Shut up you jobless lazy urchin 😁
What are you doing with your miserable life for a living let's see if that sector is immune to this massive disaster called T-pain.

We are talking about how the bulaba failure personified has become the greatest threat to the survival of businesses jobless miserable touts is talking about people getting ahead of the economic challenges. You are obviously destined to be dumb all the days of your life.

T-pain is a total failure, nuisance and miserable urchins like You can zombie away your destiny for him, sensible people will call him what he is.

Dead zombie feeling like something 😁

Bizaustine:
Shut up you jobless lazy urchin 😁
What are you doing with your miserable life for a living let's see if that sector is immune to this massive disaster called T-pain.

We are talking about how the bulaba failure personified has become the greatest threat to the survival of businesses jobless miserable touts is talking about people getting ahead of the economic challenges. You are obviously destined to be dumb all the days of your life.

T-pain is a total failure, nuisance and miserable urchins like You can zombie away your destiny for him, sensible people will call him what he is.

Dead zombie feeling like something 😁

Clap for your low life self .....your parents must be proud of you.

EeyanMayweather:
See this dumb upper Iweka drop out . Trolling is for people with proper IQ not a dolt who can’t differentiate between tax and task 😂😂.

I thought today was your Independence day 😂😂
Aren’t you supposed to be somewhere celebrating your independence Loud irritants putting their smelly mouths in another country’s affairs

Thanks for correcting my typographycal error

All these your gibberish sha

Oya, i have notticed you

Yoruba man with his dwarf brain

According to section 59(2), the development levy to be collected by NRS (i.e. FIRS) at progressively declining rates from 2025 shall be distributed as follows:
a.@TETFundNg will receive 50% of total development levy in 2025 and 2026 (rate of 4%). In 2027, 2028 and 2029, TETFUND will receive 66% of the total development levy collected (the levy rate declines to 3%). From 2030 and above, TETFUND will cease to receive any share of the development levy.
b.The Student Education Loan Fund will receive 25% of the development levy in 2025 and 2026; 33% in 2027, 2028 and 2029; and from 2030 onwards, it will receive 100% of the development levy, which would now be 2% of assessable profits of all companies (except small companies and non-resident companies).
c.The National Information Technology Development Fund will receive 20% of the development levy in 2025 and 2026 and 0% from 2027 onwards.
d.For the National Agency for Science and Engineering Infrastructure (NASENI), it will receive 5% of the development levy in 2025 and 2026 and 0% from 2027 onwards.

So why did Temitope Ajayi accuse Zulum of lying? What will TETFUND, NASENI and NITDF still be doing when they will be recieving 0% funds? Is there a provision for them elsewehere in the bill?
It seems Temitope Ajayi is the liar who obviously did not even read the bill
Besides, I don't know how the bill will help small businesses when most of the taxes paid by small businesses are paid to states and LGs who will aggressively tax them more when they see how much VAT proceeds have plummeted

Lithiumite:
Clap for your low life self .....your parents must be proud of you.

You still evaded the question, zombie what are you doing with your miserable life😁

All and Sundry on the streets of Nigeria agrees that Tinubu is a clueless FAILURE a jobless tout like you that has no need to purchase fuel, use electricity, gas, etc and other logistics to run business is talking 😁😁 shut up and go and eat the mummy thank you that you came to this life to eat.
Your parents would definitely not be proud of feeding a goodfornothing lazy jobless tout like You.

femisplash:
Lying and blackmailing are a tool for deceits. Many northerners who have not even read the bill but listened to him, would have believed the lies. He lied deliberately and that's evil.

So, Prof Zulu has not read the bill? Dey play.

Lifestone:
Go and read

O boy, nor be lie! AI has given it to me shaperly shaperly!

With AI, walahi I nor dey stress myself again unto book things

Kukutente23:
So why did Temitope Ajayi accuse Zulum of lying? What will TETFUND, NASENI and NITDF still be doing when they will be recieving 0% funds? Is there a provision for them elsewehere in the bill?
It seems Temitope Ajayi is the liar who obviously did not even read the bill
Besides, I don't know how the bill will help small businesses when most of the taxes paid by small businesses are paid to states and LGs who will aggressively tax them more when they see how much VAT proceeds have plummeted

They will not be receiving 0 funds
The proposal is that TETFUND should be funded from the budget DIRECTLY
There cannot be provision for them in the bill because it is not a budget

There is nothing like police tax or Army tax. Nothing like National Assembly tax

Does that mean those bodies are not to be funded

The idea is that all revenues enter a central pot and are then shared through the budget process (
It's a matter that can easilyb3 clarified by asking questions

Zulum is a senior politician and should not be spreading fake news

Bendeco02:
Thanks for correcting my typographycal error

All these your gibberish sha

Oya, i have notticed you

Yoruba man with his dwarf brain

Idiot !
It was not a typo . I’ve seen half educated clowns like yourself write task instead of tax all the time.

Poorly lettered clown with a single digit IQ 🤡🤡

Bizaustine:
This is even about Trust. The people don't trust where this is coming from bcus the person has shown without doubt to be a maximum clueless disaster. He is making a very big mess. He has become the biggest threat to the survival of businesses in Nigeria.

The Realities on ground makes it very hard for people to Trust this most nepotistic clueless worst President Nigeria has ever seen.

Reforms only work when people who have intentions to work for the people take charge.
How can someone who does not believe in Nigeria make Nigeria better.

Too many failed promises.

Did you say Tinubu is the worst President Nigeria ever had?

He has spent less than 2 years and you already have this conclusion.

What about Buhari government?

Bizaustine:
You still evaded the question, zombie what are you doing with your miserable life😁

All and Sundry on the streets of Nigeria agrees that Tinubu is a clueless FAILURE a jobless tout like you that has no need to purchase fuel, use electricity, gas, etc and other logistics to run business is talking 😁😁 shut up and go and eat the mummy thank you that you came to this life to eat.
Your parents would definitely not be proud of feeding a goodfornothing lazy jobless tout like You.

Talk about miserable louts like yourself and don't generalise that all are suffering......poverty is by choice and since you have decided to wallow in it,goodluck with that.

I stand by my word that tinubu is the best thing that can happen to Nigeria.....he is bold,he has got a plan and going at it......wise people knew that if we wanted things to change in Nigeria there would be some bitter pills......Tinubu will succeed,choke on that!!

Sundaymessi:
So, Prof Zulu has not read the bill? Dey play.

It is either he read the bill but doesn't understand it.

OR

He is deliberately misinforming the public about it and misrepresenting the facts of it.

If the later is the case, then he has a clandestine desire to stop the bill? We would need to know the hidden reason to push for abortion of the bill.

Bizaustine:
You still evaded the question, zombie what are you doing with your miserable life😁

All and Sundry on the streets of Nigeria agrees that Tinubu is a clueless FAILURE a jobless tout like you that has no need to purchase fuel, use electricity, gas, etc and other logistics to run business is talking 😁😁 shut up and go and eat the mummy thank you that you came to this life to eat.
Your parents would definitely not be proud of feeding a goodfornothing lazy jobless tout like You.

Why all these insults?

You just want to make a point like him in a public discuss and you descend this low.

Come on people.

Kukutente23:
So why did Temitope Ajayi accuse Zulum of lying? What will TETFUND, NASENI and NITDF still be doing when they will be recieving 0% funds? Is there a provision for them elsewehere in the bill?
It seems Temitope Ajayi is the liar who obviously did not even read the bill
Besides, I don't know how the bill will help small businesses when most of the taxes paid by small businesses are paid to states and LGs who will aggressively tax them more when they see how much VAT proceeds have plummeted

Do you know that there are a number of government agencies that are no longer funded by the budget? The generate income to fund their activities.

Do you know that some other government agencies are soon to exit government budget funding system. A typical example is NMDPRA, NUPRC etc.

Zero budget allocation to TETFUND, NASENI and NITDF does not necessarily translate to termination of the agencies except if they are not self sufficient. There are other means to generate income to meet their mandate and objectives.

Bizaustine:
Shut up see jobless pickpocket tout is calling others low life.
Your response is a prove that you don't have anything meaningful doing with your miserable life. You don't have any need to run a business else you would have known that reality is Tinubu is the greatest threat to the survival of businesses in Nigeria.

Zombie feeling like something.

Na Mugu em b...

Bendeco02:
During Buhari's tenure, yorubas were the ones defending his flops on media

On this tinubu's regime, yoruba defends fellow yoruba

What we have now is sectional government.

Only people from his region supports and defend him.

His appointment is only his kinsmen

They don't know the region to concentrate their hate speech now. Whether North or East

The same zulum they praised few years ago. Some of them even predicted him to be tinubu's running mate before 2023. They are now attacking him because he said the fact.

For some of you southerners supporting this tax reform. Think and know who you're supporting.

Yoruba don't like anything that favours all or free and fair. They are self centered people. In years to come you will realise their true motive. Don't allow them deceive you with the south vs north rubbish

You are generalizing a statement, personal opinion, about a people, a tribe, without facts and empirical proof.

You called all Yorubas - self centered! How many Yorubas have you met or seen or studied?

Isn't that opinion of yours ridiculous and stupid but to say the least.

Come on, be reasonable here

Bizaustine:
This is even about Trust. The people don't trust where this is coming from bcus the person has shown without doubt to be a maximum clueless disaster. He is making a very big mess. He has become the biggest threat to the survival of businesses in Nigeria.

The Realities on ground makes it very hard for people to Trust this most nepotistic clueless worst President Nigeria has ever seen.

Reforms only work when people who have intentions to work for the people take charge.
How can someone who does not believe in Nigeria make Nigeria better.

Too many failed promises.

Well-done,Zulum pickin!!!!

Wallade:
Do you know that there are a number of government agencies that are no longer funded by the budget? The generate income to fund their activities.

Do you know that some other government agencies are soon to exit government budget funding system. A typical example is NMDPRA, NUPRC etc.

Zero budget allocation to TETFUND, NASENI and NITDF does not necessarily translate to termination of the agencies except if they are not self sufficient. There are other means to generate income to meet their mandate and objectives.

Ok.... so how do you think TETFUND and the other two will fund themselves if their main source of funding is removed and the acts enabling them is not modified to give them another source of funding.
It's just like NMDPRA and NUPRC you're talking about. They generate money through administrative charges and license fees. So just imagine the collection of those monies is moved to FIRS and they are given zero allocation. Won't they cease to exist? Moreso when the main responsibility of these bodies is management of those same funds that's about to be taken from them? What else will they be doing?
And I don't know what you mean by exit govt budget system? Are you saying their budgets will no longer be approved by NASS and they are free to spend as they wish from whatever they generate?

aribisala0:
They will not be receiving 0 funds
The proposal is that TETFUND should be funded from the budget DIRECTLY
There cannot be provision for them in the bill because it is not a budget

There is nothing like police tax or Army tax. Nothing like National Assembly tax

Does that mean those bodies are not to be funded

The idea is that all revenues enter a central pot and are then shared through the budget process (
It's a matter that can easilyb3 clarified by asking questions

Zulum is a senior politician and should not be spreading fake news

He is not spreading fake news. This your explanation was not given by Ajayi neither is it anywhere else that I've seen.
The Acts that created those 3 institutions made their funding sources the levy they collect. They are just like NIMASA or the PTDF. They are essentially self- funding so if they were to become budget dependent, there Acts will have to be amended to reflect that and more importantly the question will be what do be there new roles. Like, we all know that TETFUND for example administers the funds it generates to make interventions in tertiary institutions throughout the country. So if that fund is removed, what will be their new responsibility. I mean their raison d'etre ?
Meanwhile if you read the cut I shared well, you will see that the monies the 3 agencies previously received will be collected wholly by the NELFUND for student loan so your claim that all revenues will enter a central pot to be shared through a budget process is fake news. We still have some other agencies whose collection have not been stopped by this bill.

Odidigboigbo:
As I said earlier, 95% of those that are against or for the Tax Reform Bill doesn't even know the content of the Bill.

Some know but are just lazy while others are still bitter about the result of the Presidential elections.

This is how people miss what will favour them in life simply because of hatred.

Kukutente23:
He is not spreading fake news. This your explanation was not given by Ajayi neither is it anywhere else that I've seen.
The Acts that created those 3 institutions made their funding sources the levy they collect. They are just like NIMASA or the PTDF. They are essentially self- funding so if they were to become budget dependent, there Acts will have to be amended to reflect that and more importantly the question will be what do be there new roles. Like, we all know that TETFUND for example administers the funds it generates to make interventions in tertiary institutions throughout the country. So if that fund is removed, what will be their new responsibility. I mean their raison d'etre ?
Meanwhile if you read the cut I shared well, you will see that the monies the 3 agencies previously received will be collected wholly by the NELFUND for student loan so your claim that all revenues will enter a central pot to be shared through a budget process is fake news. We still have some other agencies whose collection have not been stopped by this bill.

Guy rather than learn humbly you continue to argue
Argue stupidly
How is it MY EXPLANATION
I DID NOT MAKE A CLAIM. NO CLAIM
YOU ARE NOT VERY LITERATE

I only explained the implications of the proposal

Interestingly that question came up at the Town Hall meeting last night on Channels TV

Go and watch it

Stop all this emotional nonsense
Stop drawing conclusions from people's words that they need not say

That is illiteracy

They are NOT SELF FUNDING

The proposal puts the burden on the government to design alternative funding with several years notice it does not propose or envision scrapping them. Saying so is spreading fake news

aribisala0:
Guy rather than learn humbly you continue to argue
Argue stupidly
How is it MY EXPLANATION
I DID NOT MAKE A CLAIM. NO CLAIM
YOU ARE NOT VERY LITERATE

I only explained the implications of the proposal

Interestingly that question came up at the Town Hall meeting last night on Channels TV

Go and watch it

Stop all this emotional nonsense
Stop drawing conclusions from people's words that they need not say

That is illiteracy

They are NOT SELF FUNDING

The proposal puts the burden on the government to design alternative funding with several years notice it does not propose or envision scrapping them. Saying so is spreading fake news

You write like someone swimming in some dangerously high level of alcohol or hard substance.
Your drivel is mostly meaningless
The bill proposes defunding the agencies but does not detail a means of alternative funding. It leaves that assignment to who again? You really can't be dat daft.
Your explanation makes zero sense and carries no logic.
Those agencies are self-funding. That you have to claim otherwise shows you know nothing. I suggest you shut up going forward

Kukutente23:
You write like someone swimming in some dangerously high level of alcohol or hard substance.
Your drivel is mostly meaningless
The bill proposes defunding the agencies but does not detail a means of alternative funding. It leaves that assignment to who again? You really can't be dat daft.
Your explanation makes zero sense and carries no logic.
Those agencies are self-funding. That you have to claim otherwise shows you know nothing. I suggest you shut up going forward

Your mother might be high on alcohol not me

The bill does not propose defunding
actually

Funding is a budgetary function

Revenue collection is not the same as allocation

It need not to be mentioned in the bills. What does it mean if one stops primary source of funds of an agency of government?

Kukutente23:
Ok.... so how do you think TETFUND and the other two will fund themselves if their main source of funding is removed and the acts enabling them is not modified to give them another source of funding.
It's just like NMDPRA and NUPRC you're talking about. They generate money through administrative charges and license fees. So just imagine the collection of those monies is moved to FIRS and they are given zero allocation. Won't they cease to exist? Moreso when the main responsibility of these bodies is management of those same funds that's about to be taken from them? What else will they be doing?
And I don't know what you mean by exit govt budget system? Are you saying their budgets will no longer be approved by NASS and they are free to spend as they wish from whatever they generate?

Let us reason with the bill, the proposed tax reform bill did not remove funding fully from TETFUND, NASENI and NITDFuntil 2030.

They can source funding from international and national grants, investments and endowment funds.

The education development tax according to the bill will subsequently be given to a new agency (Student Education Loan Fund) that is involved in student loans and AIDS in gradual percentages until 2030 when the agency will receive it fully.

The law makers (representatives and senators) are the ones trying to enact the Tax Reform Bills so they should know that they will also have to review the laws that established TETFUND, NASENI and NITDF with respect to funding and other pressing adjustments.

What I mean by exit government budget system is that they will no longer have provision on the annual budgets of Nigeria - they become self funding government agencies.

Wallade:
Let us reason with the bill, the proposed tax reform bill did not remove funding fully from TETFUND, NASENI and NITDFuntil 2030.

They can source funding from international and national grants, investments and endowment funds.

The education development tax according to the bill will subsequently be given to a new agency (Student Education Loan Fund) that is involved in student loans and AIDS in small percentage until 2030 when the agency will receive it fully.

The law makers are the ones trying to enact the Tax reform bills so they know they will also have to review the laws that established TETFUND, NASENI and NITDF with respect to funding and other pressing adjustments.

What I mean by exit government budget system is that they will no longer have provision on the annual budgets of Nigeria - they become self funding government agencies.

Well, the Senate has passed the bill for second reading and they have not come up with a bill for the alternative funding of those agencies have they? So let's not be preemptive and go with what's on ground now. What's on ground is that by 2030, those agencies will wind up. except alternate funding sources are created for them.

Every agency including the self funding ones still have to submit their budget to NASS for authorization. You can't spend govt money without NASS concurrence.

Kukutente23:
Well, the Senate has passed the bill for second reading and they have not come up with a bill for the alternative funding of those agencies have they? So let's not be preemptive and go with what's on ground now. What's on ground is that by 2030, those agencies will wind up. except alternate funding sources are created for them.

Every agency including the self funding ones still have to submit their budget to NASS for authorization. You can't spend govt money without NASS concurrence.

The government don't have to come up with alternative funding for those agencies. They will have to be self sufficient and device means of funding themselves. They should rather be generating income for government or at least to fund themselves.

I agree with you on the bold statement but your budget is open to more scrutiny when it is the government that fully funds your agency and your agency generates little or nothing to the government account.

Do you work in any of them or your benefactors work with them or you get contracts from them?

Why are you so worried about them? They will be fine and remain in existence.