₦airaland Forum

ClearFlair:
Your master everyday

Oga na Master, show me your Oga, & I will tell u who your Master is.

Deathisreal2024:
At least,
Adjustment as been done,and I can see it favours Lagos,
We move

It is not about favoring Lagos, you tribalist... it is about being fair and equitable to all! JUSTICE is blind to tribal and religious sentiments! if issues of this nature are discussed at length like this most national policies will be more balanced and supported by all ! Fulanis are even more guilty of birthing unfair national policies and blackmailing others to live under such obnoxious laws! Yorubas should not tow that line ........otherwise the nation will continue to drift!

AndroBlaze:
When will the south stand up for itself?? Is it when there is another Buhari in power?

Our small and short sided leaders should insist on nothing less than 50% on derivation. States are equal yet the North has 19 states and almost 60% of the House of reps seats shey?

We should not agree. The formula at worst should be:
50% derivation- 30% equality-20% population.

But they don't care

happney65:
I dont get this at all. There is almost little or no difference in the current one and Oyedele is saying he has no objection to the Nonesense the Govornors are bringing forward.

Existing VAT sharing formular:
1. Derivation 20%
2. Equality 50%
3. Population 30%

The Tinubu proposed tax reforms formular:
1. Derivation 60%
2. Equality 20%
3. Population 20%

Governors' Forum Proposal:
1. Derivation 30%
2. Equality 50%
3. Population 20%

So tell me if this is what they want to settle for, isnt it Jargons?

P.S. I'm not a Fan of Tinubu,but I support his proposal for the VAT. But if his proposal doesnt go through,I'm sorry nothing good will come out of his administration.

Because if this cant be done by a Southerner. Tell me what can he do?

Resource control
Restructuring the federation
Etc

If he cant do ordinary VAT to favour the areas that bring more,how will he do other stuffs that are tougher than VAT?

Anyways we wait and see before I start calling him a Coward

The difference is that , Derivation will be getting 10% more while population will now be getting 10% less.

deji17:
The difference is that , Derivation will be getting 10% more while population will now be getting 10% less.

That is still nonesense. Anything less than Derivation getting less than 50 Percent is bullshit.

If this has succeded,then it will be easier to move to resource control.

How can you be getting money from Haramic products when that same product is bamned in your region

Thats absolute Bumkum

jeff1993:
You should object oooo

There is supposed to be 70% derivation formulate but .,

Gradual process

JAWBONE:
Lol..

After the BAT disaster, the next Northern president will return the whole thing to the way it was before so enjoy it while it lasts

It will be difficult

We're in a democracy where negotiations are the deal... You win some and some.

We move

My own proposal is:
70% derivation and
30% equality.

No need to include population because a state that already get a lion share through derivation (consumption) will most likely still get a lion share through population (using the theory that the higher the population the more there should be consumption provided the state is engaging in reasonable economic activities). Otherwise, I don't see any fairness there (that is, if we care about fairness)

JAWBONE:
Lol..

After the BAT disaster, the next Northern president will return the whole thing to the way it was before so enjoy it while it lasts

I don’t think the current tax system favours any region per se. It’s old and needs revival. Any president after Tinubu would be glad to have it, as it will boost income, become a fiscal tool to regulate inflation, instead of ever relying on monetary policies and CBN to stabilise inflation.

I said it yesterday that if the simplest thing such as this president's tax bill can't get through, nothing will ever. It's like an invisible handcuff which we can no longer blame on the north if other regions including the middlebelt can't join in to push it through. I've always said that Nigerians don't want restructuring, this goes to confirm that. All regions minus the real north had the number to pass the bill, but they don't want to do it, and there's nothing Oyedele can do. The only reform president Tinubu will be able to do is what he alone can do without the input of the lawmakers and the governors, anything that needs the help of the reps and senators won't happen, they are scared shittt. So if you want to call anyone a coward, it should be the lawmakers, the presidency has done its job of putting the bill out, but the lawmakers failed to pass it and allowed it to become a mess. Any other back and forth is no longer necessary, president Tinubu should now start a national conference, restructuring will not happen, at this juncture, no one can force anyone to remain in Nigeria. If the president is not allowed to carry out his agenda, or allowed to rule in peace, he can at least lead his own people out of Nigeria. Nothing else matters right now, we need to separate this country now.

happney65:
I dont get this at all. There is almost little or no difference in the current one and Oyedele is saying he has no objection to the Nonesense the Govornors are bringing forward.

Existing VAT sharing formular:
1. Derivation 20%
2. Equality 50%
3. Population 30%

The Tinubu proposed tax reforms formular:
1. Derivation 60%
2. Equality 20%
3. Population 20%

Governors' Forum Proposal:
1. Derivation 30%
2. Equality 50%
3. Population 20%

So tell me if this is what they want to settle for, isnt it Jargons?

P.S. I'm not a Fan of Tinubu,but I support his proposal for the VAT. But if his proposal doesnt go through,I'm sorry nothing good will come out of his administration.

Because if this cant be done by a Southerner. Tell me what can he do?

Resource control
Restructuring the federation
Etc

If he cant do ordinary VAT to favour the areas that bring more,how will he do other stuffs that are tougher than VAT?

Anyways we wait and see before I start calling him a Coward

Nice! I even want 80%, but who is going to pass it when they can't pass 60%?

BlackFlamefromP:
My own proposal is:
70% derivation and
30% equality.

No need to include population because a state that already get a lion share through derivation (consumption) will most likely still get a lion share through population (using the theory that the higher the population the more there should be consumption provided the state is engaging in reasonable economic activities). Otherwise, I don't see any fairness there (that is, if we care about fairness)

free2ryhme:
The NGF’s proposed revised VAT-sharing formula suggests that 50% of the tax revenue should be divided equally among all states (based on equality), 30% should be shared based on how much each state contributes to the VAT (derivation), and the remaining 20% would be shared according to each state’s population. This new formula aims to balance fairness, considering both the contribution of each state and their population size.

From the proposal the NGF is putting, it just points to the proposal of the North and they are trying to use their numbers for such....

Their proposal lacks any form of economic principles....

Please this 20% based on population, which population data are they going to use for such sharing?


I keep wondering where is the place of the South South and East in all of this because they seem not to have any voice, they behave like follow come!!!!!

Deathisreal2024:
At least,
Adjustment as been done,and I can see it favours Lagos,
We move

Na wetin dem wan achieve before be that.

ItsTutsi:
https://www.thecable.ng/taiwo-oyedele-we-have-no-objection-to-governors-proposed-vat-sharing-formula/

This is wia BAT actually want it to be. Is just like wanting to sell something at 5naira, but u jack up d price to 10naira, den sell beats price with u to like 6 or 5. U no still lose.

This NGFs proposed sharing formula is total nonsense cropped from sense of lazy and unproductive mindset.
The southerners are claiming that the north is cheating them yet they can't even push this all-important bill even when they have a supportive president currently at the helm of affairs.
By now, I think civil society organisations and support groups should have been raising there voices in support of the president but they're all quiet as if they're hypnotized.
This is an indication that Nigeria might not progress.
People don't want a system that will make them accountable and work hard as obtained in other serious nations.
I'm not a Tinubu's fan but I think his tax bill is what we really need at this point in time to push this country forward.
But if Nigerians especially southerners don't fight for this bill to succeed, nobody should blame the president in any apparent future economic woes.

My take

OkayDaddy:
The Ibobotamus Obidients don't know whether to laugh or to cry.

That is because those whom you are trying to refer to have little or no connection to whatever a government earns. They are independent, self sustaining, and contented.

Very unlike you who build your society around government and its policies and would literally die if the government fails or its revenue sharing falls.

So, as you are trying so hard to mock people, please pick a mirror and see the filth trying to mock others.

I remember when The Platform used to be a big deal.

Until their oga on top exposed himself to be a tribal bigot during the 2023 elections, and was demystified.

Now, no one gives a shit

Softmirror:
👍

Why. Will th president agree with such a fraudulent sharing formula
40 should go for derivatives

Who ever told u that the country is real for real change?

RealityOfReason:
This change is like no change at all. I don't see equity in the so called equitable proposal. If we can't decentralize ordinary VAT, what's the future of true federalism in this country? Apparently, the country is not real for real change

Who told you Tinubu is interested in restructuring Nigeria? If he was interested in restructuring, he should signed an air-tight agreement with Buhari on timetable of restructuring Nigeria if APC wins 2015 Election & the consequences of reneging on the agreement. He www more interested in using Buhari’s to win power. Luckily it worked out.

happney65:
I dont get this at all. There is almost little or no difference in the current one and Oyedele is saying he has no objection to the Nonesense the Govornors are bringing forward.

Existing VAT sharing formular:
1. Derivation 20%
2. Equality 50%
3. Population 30%

The Tinubu proposed tax reforms formular:
1. Derivation 60%
2. Equality 20%
3. Population 20%

Governors' Forum Proposal:
1. Derivation 30%
2. Equality 50%
3. Population 20%

So tell me if this is what they want to settle for, isnt it Jargons?

P.S. I'm not a Fan of Tinubu,but I support his proposal for the VAT. But if his proposal doesnt go through,I'm sorry nothing good will come out of his administration.

Because if this cant be done by a Southerner. Tell me what can he do?

Resource control
Restructuring the federation
Etc

If he cant do ordinary VAT to favour the areas that bring more,how will he do other stuffs that are tougher than VAT?

Anyways we wait and see before I start calling him a Coward

NothingDoMe:
Even you, because the implications of this concession are not entirely clear.

I am curious about the distribution process. How will they account for equity, derivatives, and population percentages, and in what order?

On what basis will the population percentage be determined? Will the 20% be calculated per thousand or million of a state's population? For example, if a state has a population of 500,000, would it only receive 10% of the 20% allocated for population?

Let's assume the 20% they want to share among the population is N20 billion. Then the total population to share the N20 billion is 250,000,000. Now, if a state has 500,000 population as you said, then such state has 0.2% of the total population. Hence, the state will get 0.2% from the N20 billion which is N40 million. Same process applies to "derivation". While "equality" is shared equally without any percentage or whatever.

We don’t have South. Yoruba destroyed the prospect of South when the aligned with their worst political enemy, Arewa North, to crush Ojukwu’’s Biafra. In helping the North to crush Biafra permanently disadvantaged the South & crushed Yoruba future.

The chicken is coming home to roost today!

AndroBlaze:
When will the south stand up for itself?? Is it when there is another Buhari in power?

Our small and short sighted leaders should insist on nothing less than 50% on derivation. States are equal yet the North has 19 states and almost 60% of the House of reps seats shey?

We should not agree. The formula at worst should be:
50% derivation- 30% equality-20% population.

On the Tax Bill debate, my honest opinion is that Taiwo Oyedele is not sincere in how he is pushing the Tax Bill. In truth, the real aim of the Tax Bill is to increase government revenues to enable them fund recurrent expenditures. This is my analysis, the Tax bill proposes that the first 800k has zero tax rate, then for those earning from 1.5m above will be at 21.5% Tax rate. Again the tax rate proposes a 2.5% increase in VAT to 10% and a progressive increase to 15% in 3 years. Also apart from other statutory deductions, the tax rate is proposing 200k as rent relief. For someone who earns 300k gross per month what it means is that the person will earn a monthly income of 198k without statutory deductions of NHF, Pension and HMO, which means give or take he would be earning in the range of 120k to 140k per month.
Now these are my postulations.
1. The tax bill will not in any way enhance the economy, but it will shrink the economy further because for those earning minimum wage and below will enjoy zero tax, but will pay more due to the multipler effect of increased VAT(giving with the right hand and using the left hand the take twice as much as was given).
2. 200k as rent relief for someone living in Lagos, Abuja or PH makes no sense at all and is highly unrealistic. We know that 200k not fit get you a room self contain in these areas.
3. Stating that people earning above 1.5m will pay more at a 21% tax rate doesn't in anyway sound fair, as 1.5m is within $1,000 (assuming 1500 exchange rate). That alone is burdening the almost disappearing middle class.

It looks sweet on paper, but considering the Nigerian economic situation and the increasing inflation, this Tax Bill will not help the economy in any way.This is just a stealthy way to help increase revenue that will fund recurrent expenditures.

What government should do is bring more people to the tax net and not burden people that are already there.

oluseyiforjesus:
If T-pain took Nigeria back to where he met her people will say he has really tried

The problem we have is when senseless people raise opinion on important national issues.
Everything is talking trash to them smh

No body punu,Awinchi winchi site every where, some dey their Rumuola dey chew pepperoni,RBS go come boardroom for the Ama scarra,E no go good ooo

Instead of using the population as a reduction factor so populous states can try to be more productive, they are paying them for having idle & unproductive populations. Derivation should be 50% minimum to encourage production. Population should be 0%. Anything different from this will bring about harsh business environment to the industries by locals. They will use state laws to frustrate the industries and compensate themselves irrespective of what FG accepts.
Owo mida menace is just beginning the if this formula is retained.

The sharing formula is only one of the numerous items in the voluminous tax bill. Get up read and study it.

happney65:
I dont get this at all. There is almost little or no difference in the current one and Oyedele is saying he has no objection to the Nonesense the Govornors are bringing forward.

Existing VAT sharing formular:
1. Derivation 20%
2. Equality 50%
3. Population 30%

The Tinubu proposed tax reforms formular:
1. Derivation 60%
2. Equality 20%
3. Population 20%

Governors' Forum Proposal:
1. Derivation 30%
2. Equality 50%
3. Population 20%

So tell me if this is what they want to settle for, isnt it Jargons?

P.S. I'm not a Fan of Tinubu,but I support his proposal for the VAT. But if his proposal doesnt go through,I'm sorry nothing good will come out of his administration.

Because if this cant be done by a Southerner. Tell me what can he do?

Resource control
Restructuring the federation
Etc

If he cant do ordinary VAT to favour the areas that bring more,how will he do other stuffs that is tougher than VAT?

Anyway we wait and see before I start calling him a Coward

OkayDaddy:
The Ibobotamus Obidients don't know whether to laugh or to cry.

What are you saying?
This is rubbish resolution that will not favor southwest.
Do you just agree to anything?

Abbeytoy:
Gradual process

What's gradual process? When the government could not agree to 40% derivatives.

Why are the south south docile? Can't they demand same for natural resources?

MadamExcellency:
The sharing formula is only one of the numerous items in the voluminous tax bill. Get up read and study it.

Share the tax reform let's see it.
This sharing formula is errant nonsense. Derivatives should not go below 40%