₦airaland Forum

smokinloud:
When the tax reform bill is passed, we will overcome inflation problems in Lagos. Not because increase in VAT does not increase inflation but because more allocation will create more jobs leading to productivity which will reduce inflation.

Blazetrailer:
Lol...all you have written below is more reason to conclude you dont even have an idea of what you are talking about. Turning rudimentary economics upside down in order to sound knowledgeable. I didn't even read up to two lines before i started laughing loudly.

I lectured Micro and Macro economics/Geopolitics as a Univeristy graduate assistant when doing my advance studies in diaspora . Believe me, you are writing gibberish. I cant even bring myself so low into picking out all the fallacies you wrote down there. It is a waste of my time. Maybe others have the time...i dont indulge dunderheads. If thats is what you believe...all the best...lol

smokinloud:
PHOOOL!!!.
States can play a significant role in combating inflation by implementing supply-side interventions. One key strategy is investing in infrastructure, such as transportation networks, storage facilities, and communication systems. By improving the efficiency of supply chains, states can reduce costs and prices, making goods and services more affordable for consumers. For instance, upgrading transportation networks can reduce transit times and costs, while modernizing storage facilities can minimize spoilage and waste.

State government supporting local agriculture. By implementing policies that promote local food production, states can reduce reliance on imported goods, which can be volatile and subject to price fluctuations. This approach can also help stabilize food prices, which are often a significant component of inflation. Furthermore, supporting local agriculture can create jobs and stimulate local economic growth, which can help mitigate the effects of inflation.

States can also encourage local manufacturing as a supply-side intervention. By offering incentives for businesses to set up manufacturing operations locally, states can reduce reliance on imported goods and create jobs. This approach can also help reduce transportation costs and lead times, making goods more affordable and widely available. By promoting local manufacturing, states can increase the supply of goods and services, which can help curb inflationary pressures.

This is what the tax reform bill will correct in Nigeria.

smokinloud:
I didn't request your résumé, nor do I care about your pretentious claims of academic superiority. Your response only serves as a damning indictment of Nigeria's failing educational system, which churns out mediocrities like yourself who masquerade as intellectuals. Your very existence is a testament to the systemic rot that has crippled our institutions, rendering them incapable of producing genuinely educated individuals.

smokinloud:
PHOOOL!!!.
States can play a significant role in combating inflation by implementing supply-side interventions. One key strategy is investing in infrastructure, such as transportation networks, storage facilities, and communication systems. By improving the efficiency of supply chains, states can reduce costs and prices, making goods and services more affordable for consumers. For instance, upgrading transportation networks can reduce transit times and costs, while modernizing storage facilities can minimize spoilage and waste.

State government supporting local agriculture. By implementing policies that promote local food production, states can reduce reliance on imported goods, which can be volatile and subject to price fluctuations. This approach can also help stabilize food prices, which are often a significant component of inflation. Furthermore, supporting local agriculture can create jobs and stimulate local economic growth, which can help mitigate the effects of inflation.

States can also encourage local manufacturing as a supply-side intervention. By offering incentives for businesses to set up manufacturing operations locally, states can reduce reliance on imported goods and create jobs. This approach can also help reduce transportation costs and lead times, making goods more affordable and widely available. By promoting local manufacturing, states can increase the supply of goods and services, which can help curb inflationary pressures.

This is what the tax reform bill will correct in Nigeria.

Blazetrailer:
Lol...the audacity of ignorance!!!!

In your mind, you are writing intellectually...lol....while in actual fact the reason i am responding to you is for your entertainment value.

Every 1 hour here, when I want to take a breather off what I am doing, I log on to Nairaland to read your comments for laughter.. ...pure comedy...nothing else.

Please keep it up...dont stop!!

smokinloud:
Refute my argument or shut up.

smokinloud:
I need my ass scrubbed. Your repulsive visage would be better suited for scrubbing filth, like my ass, rather than being wasted on human interaction.

Blazetrailer:
Lol... huh...insults??

Dont tell me you ran out of your intellectual buffonery so suddenly ....?

No bra, keep us being entertained with those your bolekaja agbadonomic theories(those developed and tested at your oshodi bus stop newspaper vendor meetings/discussions) ...we want more of them so we can continue to laugh

Oya, continue how tax reform will reduce inflation in 1 state.

smokinloud:
You're stupid and can't even think straight. Your brain is empty and you can't even form smart thoughts on the topic. Go drink ur burukutu for mama Shinedu joint...

Blazetrailer:
...Lol....you are doing well

Is that all you got? Come on, you can do better. Dont forget you are an APC lout, you should be able to insult harder than below...your insults should sting.

Oya, respond.

NB: I will be away for the next hour to do serious things. Please dont take it that I have abandoned you. Keep posting your gibberish

smokinloud:
Return to your mundane "agbekpo" duties. Someone of your limited caliber isn't suited for a sophisticated discussion like this. Leave the nuanced discussions to the better equipped Obidenced.

Gbadugbakun:
Yet APC miscreants were shouting detty December. Of what use is a holiday when over 90% of average citizens cannot afford to celebrate it.

Nigerians in diaspora who came back home to celebrate could easily do so because they aren't working here. If they were working in Nigeria, their salary wouldn't even be enough to buy a bag of rice.

Blazetrailer:
Lol...If I ever want to discuss economics, it is not with a semi literate like you. Check my posts on geopolitics and public finance here on Nairaland. People take notes when I surmise.

I am not ready to engage a charlatan on serious intellectual discourse reserved for the best brains....doing so is a big disservice to my efforts and sacrifices in studying and buidling knowledge in that area.

Other than public nuisance and entertainment value, you are useless...lol

smokinloud:
Crawl back into your red mud hole.

Increased allocation to Lagos state leads to job creation which in turn stimulates economic growth. As people earn more, they're likely to spend, invest and contribute to the state's GDP. This growth can lead to increased productivity, efficiency,m and competitiveness ultimately reducing inflationary pressures.

Local economic multiplier effect can lead to low inflation in Lagos, when money is allocated to Lagos state it creates a local economic multiplier effect. This means that the initial investment generates additional economic activities, as businesses and individuals spend and invest their earnings locally. This effect can reduce inflation in the state and neighbouring areas.

Job creation stimulates the economic growth and increase purchasing power i.e increased allocation, if well spent, creates jobs that increase purchasing power which is what determines inflation rate in a state.

Lagos state inflation is almost at par with the core Northern states where cattles are rared. You're just a paid phoool, you don't deserve Bitter Obi money as you're a failure.

To clarify, my previous point about inflation reduction wasn't exclusive to Lagos state alone. I envision the benefits extending to the entire South West region.
You're just intentionally misrepresenting my points, I NEVER SAID VAT WILL WORSEN NATIONAL INFLATION RATE YOU'RE JUST PATHETIC.
https://www.thecable.ng/full-list-kogi-ekiti-kwara-states-with-highest-food-price-inflation/

smokinloud:
When the tax reform bill is passed, we will overcome inflation problems in Lagos. Not because increase in VAT does not increase inflation but because more allocation will create more jobs leading to productivity which will reduce inflation.

temitope27:
Tinubu will take us to the promise land


I know it

smokinloud:
Your face is so ugly, it could scare the smile off a clown. It's only good for wiping my butt after a messy yakoyo lunch.

tpain121:
😁This one don smoke come here dey write rubbish.



Increased this , stimulate that.

After when your eyes clear, go back and read what you wrote.

Omo, you don mad. Na to enter street remain.

You better change your weed plug. Werey!

How come you can’t find any sensible APC supporter ?
Not even one.

helinues:
Toh

anonimi:
It’s coming down with the palliative rice shared to student union leaders looters.
Shebi that’s the only solution T-Pain has to every problem created by APC’s change messiah Buhari who turned out to be the shege master.

temitope27:
Tinubu will take us to the promise land

I know it

Glimpsetv:
A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.

Watch the video, share your thoughts in the comments.


https://www.youtube.com/watch?v=zYltMapDyIo?si=0-hO0Vt5C9uBxVd1

helinues:
Stop the wailing. Aren't you tired of years of it

anonimi:
If you’re not tired of your own TOH wailing at every manifestation of APC’s shege then why should I be

helinues:
Toh