Why VAT And Taxes Don’t Define Development! - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Why VAT And Taxes Don’t Define Development! (9590 Views)
| Re: Why VAT And Taxes Don’t Define Development! by GBTYO: 8:16am On Jan 27, 2025 |
EasternActivist:Your SE only comes alive for 2 weeks every year during the Christmas holidays. The low vat earnings from the SE expose low consumption levels and a lack of commercial activities. Low tax earnings is because there is hardly any real formal sector . Your business model is petty trade that falls under the disorganised and grey sector of the economy. Solodu has been bemoaning his inability to effectively tax businesses in his state and even declared that majority of what the state gets as revenue is from the federal purse and if he had to share to every man, woman and child in Anambra as it comes every month, it won't amount to more than #1,500 per head. Real development is driven by taxes that are generated from a healthy commercial and economic base. You have none of this and that's why even the north you were labelling parasites generate more from their own economic activities than your entire region. There's nothing in the SE and your net negative migration proves this |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:17am On Jan 27, 2025 |
helinues:How can a person be this daft and shallow at the same time....what sort of education is this ? "Low VAT Doesn't Mean Unproductive Region" highlights a critical perspective in economic discussions. The Value-Added Tax (VAT) a region generates often reflects its consumption patterns rather than its production capacity. For example, a region producing raw materials or manufacturing goods might contribute significantly to national productivity, even if it generates less VAT compared to regions dominated by consumption-heavy industries like retail or hospitality. In many cases, regions with low VAT collections are hubs of agriculture, mining, or manufacturing. These activities might not attract high VAT rates but are vital for a nation's economic foundation. Judging a region's economic contribution solely on VAT could, therefore, be misleading and undermine the broader picture of its role in national development. A more balanced evaluation would involve analyzing the region's overall economic output, workforce productivity, and strategic contributions to the country's GDP. |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:19am On Jan 27, 2025 |
GBTYO:The economic dynamics of South Eastern Nigeria and South Western Nigeria differ significantly due to historical, cultural, and structural factors. Here’s why the South East is thriving economically, while the South West has a higher dependency on Lagos: 1. Entrepreneurial Culture in the South East The South East is renowned for its strong entrepreneurial spirit, particularly among the Igbo people. The apprenticeship system (Igba-Boi) fosters entrepreneurship by equipping young people with business skills and capital to start their ventures. Economic activities are decentralized across cities like Aba, Onitsha, Nnewi, and Enugu, making them hubs for manufacturing, trade, and innovation. 2. Decentralized Economic Hubs Unlike the South West, where Lagos dominates as the primary economic hub, the South East has multiple thriving commercial centers. Aba is famous for textiles and leatherworks, Nnewi for auto parts manufacturing, and Onitsha for its massive market activities. This decentralization reduces dependency on one city and creates a robust regional economy. 3. Focus on SME Development The South East has a high concentration of small and medium-sized enterprises (SMEs), which are the backbone of its economy. These businesses are resilient and adapt quickly to changing market conditions, creating a self-reliant economic model. 4. Industrialization and Manufacturing Cities like Nnewi have developed strong industrial bases. For example, Nnewi is referred to as the "Japan of Africa" due to its thriving manufacturing sector, producing everything from motorbike parts to household appliances. 5. Strong Community Support Systems The South East has a tradition of communal investments and pooling resources through cooperatives and town unions. These structures often finance infrastructure and business projects, driving local development. 6. Dependence on Lagos in the South West In contrast, Lagos serves as the economic epicenter of the South West, attracting investments, infrastructure, and population from neighboring states. This concentration has led to economic dependency, where states like Ogun, Oyo, Ekiti, and Ondo rely heavily on Lagos for economic spillovers and opportunities. The dependency on Lagos also results in overpopulation and strain on infrastructure, making it harder for other South Western states to develop independently. 7. Diverse Sources of Economic Growth The South East is less reliant on government allocations and oil revenues compared to the South West. The region focuses on trade, manufacturing, and exports, ensuring a more diverse and sustainable economic base. 8. Government and Policy Factors While Lagos benefits from policies that attract foreign and local investments, the surrounding South West states have not fully capitalized on this. In contrast, South Eastern states have made deliberate efforts to create business-friendly environments, even with limited government support. Conclusion The South East thrives because of its decentralized, self-reliant economic model, driven by entrepreneurship and manufacturing. The South West, while dynamic, faces challenges due to over-dependence on Lagos, limiting the economic potential of other states in the region. For balanced growth, the South West needs to diversify its economic hubs beyond Lagos and invest in regional industries and SMEs. |
| Re: Why VAT And Taxes Don’t Define Development! by helinues: 8:20am On Jan 27, 2025 |
ariesbull:Go and ask for refunds from your teachers and lecturers. They scammed you all through. Unproductive state will definitely generate low VAT. That should be logical |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:22am On Jan 27, 2025 |
helinues:It's so unfortunate that I will descend this low to engage you VAT (Value Added Tax) is closely tied to consumption, not productivity. This is because VAT is applied to goods and services at every stage of their journey—from production to the final sale—but the ultimate responsibility for paying it lies with the end consumer. It’s essentially a tax on what people buy, not on how much businesses or individuals produce. While businesses play a role in collecting VAT, they’re not directly taxed on their productivity. Instead, they offset the VAT they’ve paid on their inputs (raw materials or services) against the VAT they collect on sales. This ensures that only the added value is taxed, making it fair and focused on consumption rather than production. In simple terms, VAT is all about what we use and consume, not about how much we create. |
| Re: Why VAT And Taxes Don’t Define Development! by Ofemannnu: 8:23am On Jan 27, 2025*. Modified: 11:47am On Jan 31, 2025 |
ariesbull:Igbos are naturally entrepreneurial. They don’t wait for the government to provide jobs or opportunities; they create their own. This spirit of hard work and innovation has made the Southeast one of the most economically active regions in Nigeria. That your story above... The lazy ones will always have excuses for their laziness. Continue to deceive yourself. Everybody has seen the most entrepreneurial. There had never been anytime Igbos have been more entrepreneurial than the Swesteners in the history of Nigeria. Yorubas have always been the most entrepreneurial.The facts are there. Realities have always shown Yorubas to be very savvy in business both in Nigeria and abroad. |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:23am On Jan 27, 2025 |
GBTYO:The last time I checked can you name your village let's see how suitable it is in their mud houses and no toilets |
| Re: Why VAT And Taxes Don’t Define Development! by helinues: 8:24am On Jan 27, 2025*. Modified: 9:03am On Jan 27, 2025 |
ariesbull:Again, you need to ask for the refunds. States that have low consumption is equivalent to low productivity in the state. Didn't you even attend economic class in Secondary school ? |
| Re: Why VAT And Taxes Don’t Define Development! by GBTYO: 8:25am On Jan 27, 2025 |
ariesbull:Hogwash. The reason for whatever economic progress your people record isn't from the SE economic ecosystem. It boils down to you guys migrating to other regions to setup shop and we know now that most of your business models are floated with illicit funds generated from illicit activities. You can't tax illicit funds after all. And to let you know also, your import based rackets are the major dearth to our once thriving local industries and has been a major drain on our FX pool. You are a net negative. The only thing FG gains from you is probably diaspora earnings and most of which is from illicit activities . By the way, stop using Chatgpt . |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:25am On Jan 27, 2025 |
Ofemannnu:
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| Re: Why VAT And Taxes Don’t Define Development! by Ofemannnu: 8:27am On Jan 27, 2025 |
ariesbull:Kolapo Ishola in Ibadan. Are you ready to compare videos with your 10 houses village? |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:30am On Jan 27, 2025 |
GBTYO:Then migrate your own and do repatriation! Excuses excuses and excuses ...are you amputated or lame that you can't migrate ? Igbo people and their region thrive despite the economic challenges in Nigeria for several key reasons: 1. Resilience and Adaptability: Igbo people are known for their resilience. Despite facing numerous challenges—whether economic, political, or social—they have always found ways to adapt and thrive. This resilience is deeply embedded in their culture and mindset. They are resourceful, entrepreneurial, and always look for opportunities to grow, no matter the external circumstances. 2. Strong Entrepreneurial Spirit: One of the standout features of the Igbo people is their innate business acumen. Many Igbo individuals are natural entrepreneurs, and this has helped them excel in various sectors, from small businesses to large enterprises. Even in the face of an uncertain economy, they continue to invest, innovate, and diversify their sources of income, which provides them with a steady stream of wealth. 3. Community Support and Unity: The Igbo culture emphasizes the importance of community and mutual support. Family members, friends, and fellow Igbo people often come together to help one another, whether it’s through business ventures, financial support, or sharing resources. This communal support helps individuals weather tough economic times and thrive collectively. Igbo people also rely on networks, which makes it easier to navigate challenges together. 4. Diaspora Influence and Remittances: The Igbo diaspora is one of the most significant drivers of economic prosperity in the region. Millions of Igbo people living abroad send money back home regularly, which not only supports families but also fuels local businesses and investments. These remittances help to stabilize the region's economy, especially in times of national economic instability. 5. Focus on Education and Skills Development: Education is highly valued in Igbo culture. Many Igbo families prioritize educating their children, which equips them with the knowledge and skills to succeed in various fields. With a well-educated workforce, the Igbo people are able to adapt to changing economic conditions, pursue professional careers, and contribute to the growth of industries in the region. 6. Diversification and Innovation: Igbo people do not put all their eggs in one basket. They diversify their investments across various sectors, such as agriculture, real estate, manufacturing, technology, and trade. This diversification protects them from economic downturns in any one industry. Additionally, Igbo entrepreneurs are known for being innovative, often creating new solutions to challenges they face, which gives them a competitive edge. 7. Cultural Emphasis on Hard Work: Hard work is a core value among Igbo people. From a young age, they are taught to be diligent, persistent, and industrious. This strong work ethic has played a major role in their ability to succeed, even in tough economic times. Whether in small businesses or larger enterprises, the commitment to hard work is a driving force behind their success. In essence, Igbo people thrive despite the economic challenges in Nigeria because of their resilience, strong entrepreneurial spirit, community support, the financial influence of the diaspora, emphasis on education, diversification, and a cultural focus on hard work. These factors come together to create a dynamic and thriving region, even in the face of adversity. Go and tax yourself abeg ...let's share the money |
| Re: Why VAT And Taxes Don’t Define Development! by GBTYO: 8:31am On Jan 27, 2025 |
ariesbull:How many Nigerians are crossing the Niger Bridge towards your side? Go to ordinary Lokoja and see how wealth is just waiting for anyone with a fishing net to cast into the river Niger . The average fisherman in Lokoja will quietly build his house and take care of his family unlike his counterpart from your SE who needs to go to Lagos to start life hawking gala. Rather than see that Nigeria offers you the opportunity to thrive and has been spoonfeeding you ever since ,you are here castigating and biting the hands that feed you. Just 3ys without being in Nigeria and you started dropping dead like flies. Be very careful of what you wish for. |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:32am On Jan 27, 2025 |
Ofemannnu:what is the name of your village not the name of your residence Or don't you Habe village again ....? |
| Re: Why VAT And Taxes Don’t Define Development! by GBTYO: 8:34am On Jan 27, 2025 |
ariesbull:This is why I support your Biafra agitation with the caveat that it should be limited to your SE state Let's see if you will claim ECOWAS free migration to remain in Nigeria . |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:34am On Jan 27, 2025 |
Ofemannnu:Even at that ...look at how your GRA look like! Is it that you guys can't even put a decent roofing sheets? The General Gas Junction-Kolapo Ishola GRA-Iyana Church
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| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:35am On Jan 27, 2025 |
GBTYO:No Igbo will support Biafra agitation ..it's the misguided elements.... They went one Nigeria! They enjoy the VAT and taxing system and with North also in line with this taxing system , Nigeria will be better |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 8:36am On Jan 27, 2025 |
GBTYO:Let the Nigerians pay the VAT let's do the sharing ... |
| Re: Why VAT And Taxes Don’t Define Development! by GBTYO: 8:39am On Jan 27, 2025 |
ariesbull:Good. So you are against taxation but want others to be taxed to sustain you . Next time , I hear from your dirty mouths complaining about alcohol vat and taxes going to the Sharia north , I will point out your stinking hypocrisy. |
| Re: Why VAT And Taxes Don’t Define Development! by GBTYO: 8:41am On Jan 27, 2025 |
ariesbull:It's good that I am hearing this directly from you guys after years here detailing how you guys in the SE are no different in anyways from the Fulani north. You are the enemies of the better South. Now go and play your usual Judas role. |
| Re: Why VAT And Taxes Don’t Define Development! by helinues: 9:02am On Jan 27, 2025 |
ariesbull:Stop being petty and engage others maturely |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 9:03am On Jan 27, 2025 |
helinues:but was bragging with the so called GRA |
| Re: Why VAT And Taxes Don’t Define Development! by History555: 9:04am On Jan 27, 2025 |
GBTYO:Cry cry wailers. You are close to shedding tears and ripping off your cloth. Once again our motto in the se is you pay tax, we share your tax. |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 9:04am On Jan 27, 2025 |
GBTYO:The Igbo aren't interested in separation again unless you want to vote then out the way Malaysia voted Singapore out |
| Re: Why VAT And Taxes Don’t Define Development! by helinues: 9:05am On Jan 27, 2025 |
ariesbull:GRA worth something to be bragged about than houses in the villages which almost half of the owners are languishing in different prisons across the globe. GRA is well planned and developed not like the way you guys build house with no future planning |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 9:05am On Jan 27, 2025 |
GBTYO:Better south? Who christened it...when you short changed the South East with Emi lokan |
| Re: Why VAT And Taxes Don’t Define Development! by helinues: 9:06am On Jan 27, 2025 |
History555:He's not crying but exposing the parasitic way of some people yet they are claiming what they are not |
| Re: Why VAT And Taxes Don’t Define Development! by ariesbull(op): 9:09am On Jan 27, 2025 |
helinues:LoL...is that not pettiness...why can't they at least fix the zinc |
| Re: Why VAT And Taxes Don’t Define Development! by History555: 9:09am On Jan 27, 2025 |
ariesbull:You are wasting your time with that Jewish homicidal maniac. The source of is anger is how isreal is dealing with hamas and hezebollah. Since he is helpless and can't do shit about it, he transfers aggression to lgbos. He is same loafer as Apcharam Igbosmustdie Godhateslgbo Godhatesjews Chiefjusfuc Hilterwasright Telavivbomber Fuckosulgbos Magic bishop Nuclearwinter Donperigon AntiZikist Nomecurie |
| Re: Why VAT And Taxes Don’t Define Development! by Standing5(m): 9:15am On Jan 27, 2025 |
christopher123:What comes from Abia, Imo and Anambra combined is less than what Ondo alone contribute. Fact. |
| Re: Why VAT And Taxes Don’t Define Development! by christopher123(m): 9:24am On Jan 27, 2025 |
Standing5:okay |
| Re: Why VAT And Taxes Don’t Define Development! by SeeWahala: 9:30am On Jan 27, 2025 |
History555:You forgot coronaviruspro ![]() |
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