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VAT : The North Should Not Panic - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsVAT : The North Should Not Panic (1657 Views)

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Re: VAT : The North Should Not Panic by Biodun556(m): 7:49am On Dec 29, 2024
Bandirao:
the problem is that the federal government didn't give much attention to livestock economy in Nigeria, highly associated with Fulani many whom most Nigerian have a grudges towards they seems to reject any 8policy aimed at helping the livestock ranchers, I think it is only recently that the ministry of livestock has been founded the livestock economy is previously under the ministry of agriculture which highly favour of farmers that is why the cattle herders continue their centuries old transhumace.
Hmmm


Ok


Now that livestock ministry is established let's whether there will be any difference
Re: VAT : The North Should Not Panic by Biodun556(m): 7:50am On Dec 29, 2024
Bandirao:
the problem is that the federal government didn't give much attention to livestock economy in Nigeria, highly associated with Fulani many whom most Nigerian have a grudges towards they seems to reject any 8policy aimed at helping the livestock ranchers, I think it is only recently that the ministry of livestock has been founded the livestock economy is previously under the ministry of agriculture which highly favour of farmers that is why the cattle herders continue their centuries old transhumace.
Hmmm


Ok


Now that livestock ministry is established let's whether there will be any difference
Re: VAT : The North Should Not Panic by Bandirao(op): 8:04am On Dec 29, 2024
proeast:
Niger state alone is about the same size with the entire South West, no need adding Kaduna. Again it is poor education that makes people to always think that agricultural productivity is based on landmass. What is the landmass of Israel compared to Iran, Syria, Algeria or Nigeria yet can you compare your agricultural output with theirs?

After threatening north that they must accept Tinubu imposed tax, you guys are now begging them?

I like how Igbos are indifferent in the ongoing charade.
Iran, Syria and Algeria are mostly desert while Israel is Mediterranean type climate you can't compare them with Northern Nigeria, Nigeria has one of if not the best fertile land in Africa and it is mostly located in Northern Nigeria.

What is more iam a Northerner my self bit and although I highly dislike most of tinubu policies iam in full support of the proposed tax reform.
Re: VAT : The North Should Not Panic by Brenbentondiaz: 9:08am On Dec 29, 2024
I don't know if northerners are retarded because of the inbreeding that goes on there (siblings marrying siblings and all that sh*t). Also, it seems most of them suffer from dyslexia. Let me explain the new tax bill to you. If you killed your cow and packaged your beef in Zamfara and charge VAT on it, the moment the beef is consumed in Lagos, the VAT is paid to the Lagos Govt. VAT is to be paid based on where the product is consumed, not where it is produced or where the HQ of the company is. Do you understand, or you need Hausa interpretation? People have been clamoring for this for a long time (especially people from the evil forest), and the moment this is brought forward, people are still complaining (I understand with you northerners that you're not intelligent enough to understand simple analysis, but those guys from the evil forest are structured to always wail).
Re: VAT : The North Should Not Panic by Brenbentondiaz: 9:13am On Dec 29, 2024
Blue3k:
Lol everything is a zero sum game to you guys. He stated they should sell beef instead of cows. This is mutually beneficial to most parties. The only loser is butcher who loses a supplier in this hypothetical.



Herdsmen will turn into truckers and butchers. Watch how police extortion on roads will suddenly become a national issue.
Lolz. The tax bill states that if the beef is consumed in Lagos the VAT is paid to the Lagos State Govt. Is it that people don't read or something? If they like let them spice the beef and roast it and package it as suya, as far as it is consumed in Lagos, the VAT is paid to Lagos. The only way this would make sense is if they packaged the beef and consume the beef by themselves (this is not happening in a million years), then they get the VAT in their states.
Re: VAT : The North Should Not Panic by Brenbentondiaz: 9:16am On Dec 29, 2024
Sannisege:
Well, with the proposed tax bills, VAT goes to where goods are consumed and not where they are produced. So all the monies calculated by the Op will still go to where the processed beef is consumed. Therefore the premise of your argument is already faulty. Moreover, VAT may also not be charged on food products.
The first person on this thread that actually got it. I always wonder whether majority of Nigerians lack comprehension, or are just downright dyslexic.
Re: VAT : The North Should Not Panic by Blue3k(m): 1:43pm On Dec 29, 2024
Brenbentondiaz:
Lolz. The tax bill states that if the beef is consumed in Lagos the VAT is paid to the Lagos State Govt. Is it that people don't read or something? If they like let them spice the beef and roast it and package it as suya, as far as it is consumed in Lagos, the VAT is paid to Lagos. The only way this would make sense is if they packaged the beef and consume the beef by themselves (this is not happening in a million years), then they get the VAT in their states.
Blue3k:
How is that the case if the beef was purchased in let's say Kano at wholesale location then transported to Lagos at retail store. Is VAT not charged at each point in the supply chain? Why are they not both getting taxed? This sounds like a sales tax when only the final customer pays whatever the tax is.

Re: VAT : The North Should Not Panic by Blue3k(m): 9:51pm On Jan 01, 2025
Bump
Re: VAT : The North Should Not Panic by Olabestonic001(m): 10:01pm On Jan 01, 2025
Bandirao:
VAT. The North should not panic.

For example, take the daily business of our of animals.

Stop selling them cows, chickens or goats to any southern state for meat. Cut them from your states and package them and charge VAT

In Lagos alone, about 3000 cows are eaten daily, 100 percent of which come from the north.

A mature cow's meat weighs 250 kg, and each 1 kg is sold for ₦7500 (₦525 VAT).

If you multiply ₦525 of beef per cow (250kg) that is ₦131,250 VAT per cow.

If you multiply the amount of what is used in Lagos that will generate ₦393,750,000 daily.

The total VAT received every day in Lagos alone (₦393,750,000) number of days in a year (365) will give us 'one hundred and forty-three billion, seven hundred and eighteen million, seven hundred and fifty thousand' (₦143,718,750,000 ).

This is only meat and only in Lagos other things like rice, vegetables and even onions are not mentioned.

The north is better than it seems. If we choose not to be lazy that is up to us, but we can do better.
Thank you for helping them see the big picture oooo; they think getting handouts is better than making your own money. Rankadede is not what the North needs but trading with others.
Re: VAT : The North Should Not Panic by Looking4Trouble: 12:33am On Jan 02, 2025
Bandirao:
VAT. The North should not panic.

For example, take the daily business of our of animals.

Stop selling them cows, chickens or goats to any southern state for meat. Cut them from your states and package them and charge VAT

In Lagos alone, about 3000 cows are eaten daily, 100 percent of which come from the north.

A mature cow's meat weighs 250 kg, and each 1 kg is sold for ₦7500 (₦525 VAT).

If you multiply ₦525 of beef per cow (250kg) that is ₦131,250 VAT per cow.

If you multiply the amount of what is used in Lagos that will generate ₦393,750,000 daily.

The total VAT received every day in Lagos alone (₦393,750,000) number of days in a year (365) will give us 'one hundred and forty-three billion, seven hundred and eighteen million, seven hundred and fifty thousand' (₦143,718,750,000 ).

This is only meat and only in Lagos other things like rice, vegetables and even onions are not mentioned.

The north is better than it seems. If we choose not to be lazy that is up to us, but we can do better.
Werey ni eleyi
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