₦airaland Forum

Case studies of introduction of new Tax bill and the paradigm shift of revenue Sharing formula{FAAC} to mischievous Sense)

(Abdulaziz Idris Ningi)

I can see clash of being fragile egos. I am to share my sincere concern as Nigeria citizen over the introduction of new Tax bill and the paradigm shift of the vertical revenue Sharing formula of FAAC to mischievous direction.

Upon my review of report(s) of: Taiwo Oyedele (Chairman of presidential fiscal policy & Tax Reform committee; and the resolutions of northern critical stakeholders about the new Tax bill.

According to the report of Taiwo Oyedele committee, the FG is set to take only 10% of the total FAAC allocation while states and LGs will receive a combined 90% . This represent a drastic departure from the current sharing formula which allocate 52.68% to the FG ,26.72% of the state and 20.60% to LGs respectively.

Under the new proposal, Oyedele explained that, the distribution formula for state & LGs would include a clause stipulating that 60% of their share will be based on the principles of derivation. In practice, example: If N100 is available for distribution from FAAC,the FG will take N10 ,all 36 states will share N36 equally and N54 will be distributed based on derivation favoring states with high resources generation.

To me, this is the dress-rehearsal of indirect mergilization of major section of this country, particularly,the north. So also, any element of mergilization of any particular part of this country is unpatriotic and at the same time a sabotage to Nigeria national interest.

I am therefore, calling the engrossment of our national assembly members as our representatives who are fully duty bound to protect,defend and promote the Nigeria national interest, to protest against this new Executive bill,so that no part of this country be circumvented in benefiting proceeds accumulated from the resources of this country, using derivation principles.

Conclusively, now, the bill is under the national assembly for consideration. Members of NASS should stand firmly and steadily to tell the president(T-Pain) that, this executive bill is so controversial to the major section of this country, it has to be withdrawn.

President Tinubu's name is now spendable this December. Wailers can now go to their favorite store and abuse/attack president Tinubu and make their free order

helinues:
President Tinubu's name is now spendable this December. Wailers can now go to their favorite store and abuse/attack president Tinubu and make their free order

December, wasted too?

RevFrNoah:
December, wasted too?

Stop living uninspiring life

Is that how much you are disgusted with yourself?

Una hardship might not have anywhere to go as you lots have refused to be useful to your own self

helinues:
Stop living uninspiring life

Is that how much you are disgusted with yourself?

Una hardship might not have anywhere to go as you lots have refused to be useful to your own self

You are obviously describing yourself

Bobloco:
You are obviously describing yourself

This one stopped being one of the reasonable Igbo because of tax reform bill



shame oo

ComrNingi:
Case studies of introduction of new Tax bill and the paradigm shift of revenue Sharing formula{FAAC} to mischievous Sense)

(Abdulaziz Idris Ningi)

I can see clash of being fragile egos. I am to share my sincere concern as Nigeria citizen over the introduction of new Tax bill and the paradigm shift of the vertical revenue Sharing formula of FAAC to mischievous direction.

Upon my review of report(s) of: Taiwo Oyedele (Chairman of presidential fiscal policy & Tax Reform committee; and the resolutions of northern critical stakeholders about the new Tax bill.

According to the report of Taiwo Oyedele committee, the FG is set to take only 10% of the total FAAC allocation while states and LGs will receive a combined 90% . This represent a drastic departure from the current sharing formula which allocate 52.68% to the FG ,26.72% of the state and 20.60% to LGs respectively.

Under the new proposal, Oyedele explained that, the distribution formula for state & LGs would include a clause stipulating that 60% of their share will be based on the principles of derivation. In practice, example: If N100 is available for distribution from FAAC,the FG will take N10 ,all 36 states will share N36 equally and N54 will be distributed based on derivation favoring states with high resources generation.

To me, this is the dress-rehearsal of indirect mergilization of major section of this country, particularly,the north. So also, any element of mergilization of any particular part of this country is unpatriotic and at the same time a sabotage to Nigeria national interest.

I am therefore, calling the engrossment of our national assembly members as our representatives who are fully duty bound to protect,defend and promote the Nigeria national interest, to protest against this new Executive bill,so that no part of this country be circumvented in benefiting proceeds accumulated from the resources of this country, using derivation principles.

Conclusively, now, the bill is under the national assembly for consideration. Members of NASS should stand firmly and steadily to tell the president(T-Pain) that, this executive bill is so controversial to the major section of this country, it has to be withdrawn.

I didn't read through the whole jargons you wrote (I stand to be corrected) because of the title. Nigeria has never been united and will never be as long as these present elites still control the economy

helinues:
This one stopped being one of the reasonable Igbo because of tax reform bill



shame oo

Shame on you too

I am not sure you have ever paid tax

Na Ogun Owo mi da' market royalties you dey collect on a daily

The north can use their land for agriculture as huge their land is they are still pretending not to have resources how daft can you me. Agriculture alone is resources that don't have competition.

Bill is suspended and dead

Tinubu Yoruba administration is using this to comot nigerians mind from today’s reality of hunger and pain being daily inflicted


They poor is getting poorer… from east to west .. south to North. No policy is working .. hunger dey for southwest states .. pump price still high
Refinery no work..

Nothing is happening ajala just running up and down with tax payers money

.. na dead bill they keep using to distract Nigerians

God punish Tinubu and his Yoruba government

Days of Monkey de Work Bamboo de Chop is gradually coming to an end....Tpain on the beat

The funny side of this whole noise about tax reform bill, those who keep recycling the talks have been the ones shouting that allocation from FG kills growth.

OP can't even write marginalization correctly, how would he understand complex tax issues.
What the hell is "mergilization"?

helinues:
Stop living uninspiring life

Is that how much you are disgusted with yourself?

Una hardship might not have anywhere to go as you lots have refused to be useful to your own self

You are a shameless tribally bigoted hateful agbaya,you lack the moral justification to correct anyone.
You just gave a perfect description of yourself, wailing incoherent jargons is all you are known for 😁

slimfit1:
The north can use their land for agriculture as huge their land is they are still pretending not to have resources how daft can you me. Agriculture alone is resources that don't have competition.

You are not living in the reality.
Life do not start and end in nairaland where you live and breathe to do dry stale tribal rants.

In some places upNorth, going to the farm is one of the fastest way to die.
In some places you pay levels firstly to bandits before you can farm on your own land.
This is the reality of the Country.

Which unity? Nigeria has never been one country and will never be even in the next 200 years so anybody telling themselves otherwise is deceiving themselves

ComrNingi:
Case studies of introduction of new Tax bill and the paradigm shift of revenue Sharing formula{FAAC} to mischievous Sense)

(Abdulaziz Idris Ningi)

I can see clash of being fragile egos. I am to share my sincere concern as Nigeria citizen over the introduction of new Tax bill and the paradigm shift of the vertical revenue Sharing formula of FAAC to mischievous direction.

Upon my review of report(s) of: Taiwo Oyedele (Chairman of presidential fiscal policy & Tax Reform committee; and the resolutions of northern critical stakeholders about the new Tax bill.

According to the report of Taiwo Oyedele committee, the FG is set to take only 10% of the total FAAC allocation while states and LGs will receive a combined 90% . This represent a drastic departure from the current sharing formula which allocate 52.68% to the FG ,26.72% of the state and 20.60% to LGs respectively.

Under the new proposal, Oyedele explained that, the distribution formula for state & LGs would include a clause stipulating that 60% of their share will be based on the principles of derivation. In practice, example: If N100 is available for distribution from FAAC,the FG will take N10 ,all 36 states will share N36 equally and N54 will be distributed based on derivation favoring states with high resources generation.

To me, this is the dress-rehearsal of indirect mergilization of major section of this country, particularly,the north. So also, any element of mergilization of any particular part of this country is unpatriotic and at the same time a sabotage to Nigeria national interest.

I am therefore, calling the engrossment of our national assembly members as our representatives who are fully duty bound to protect,defend and promote the Nigeria national interest, to protest against this new Executive bill,so that no part of this country be circumvented in benefiting proceeds accumulated from the resources of this country, using derivation principles.

Conclusively, now, the bill is under the national assembly for consideration. Members of NASS should stand firmly and steadily to tell the president(T-Pain) that, this executive bill is so controversial to the major section of this country, it has to be withdrawn.

Nonsense from an Inconsequential hungry Eyepobian.

aariwa:
Which unity? Nigeria has never been one country and will never be even in the next 200 years so anybody telling themselves otherwise is deceiving themselves

Only a Failure in The Federal Republic of Nigeria can utter such nonsense.

Who force them to born u for there?

Oil monies shared since 1957,useless state leaders turned Abuja to respective states' admin headquarters waiting for FAAC,no thinking cap,financed terrorism to increase their security votes,now work and loot as much as you can problem,over bloated civil service still them,a co-ordinated looting still the north,for how long will the north be spoonfed.