Adebayo: Tinubu Is A Well Known Tax Collector - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Adebayo: Tinubu Is A Well Known Tax Collector (12323 Views)
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by Putinofrussia: 11:42am On Sep 17, 2025*. Modified: 5:50am On Sep 18, 2025 |
In September 2024, FEC approved economic stabilisation bills and proposed 10 changes to spur economic growth. Here is a full list of the items exempted from tax by President Tinubu. Individuals earning NGN800,000 or less per annum will now be exempt from tax on their income and gains. Income such as agricultural earnings, dividends, interest from specified investments, and tax-free capital gains are exempt under Section 10. Companies in the first four calendar years of business, companies engaged in primary agriculture business, or small companies are exempt from minimum tax. Tuition fees, lending operations, real estate, books, transportation and other necessities are not taxed. Also exempted from tax are .... CNG/LPG Dual Fuel Vehicles Dedicated LPG Vehicles and CNG/LPG Dual Fuel \cc\ Parts, and semi-knocked down units (for assembly) of CNG and LPG buses. Parts, and semi-knocked down units (for assembly) of Electric Vehicle Electric Vehicles Electric Vehicles Battery Electric Vehicles Charging System Electric Vehicle Solar Charging System LPG/CNG Conversion Kits CNG Cylinders CNG Cascades CNG Dispensers Gas Generators CNG Trucks (Bobtails and Bridgers; fixed axle and semi-trailers Steel Pipes Steel Valves & Fittings SS Tubes & Fittings Storage Tanks (all sizes) Regulators CNG Pumps and Compressors (all types) Steel Pressure Relief Valves Hydraulic press/Rolling machine Heat Treatment Equipment Liquid Level Guage Pumping Housing and Motors Regulator Body Pressure Guage Truck Chassis Metering and Measuring Equipment (including weighbridges, and filling scales) Dispensing equipment (dispensing scales, nozzles, gas filling systems) Safety Features (emergency shutoff valves, pressure relief valves, excess flow valves, breakaway couplings, quick release couplings) Gas water heaters Gas burners for industry Gas boilers Gas washing machines and dryers (launderettes) Household or laundry-type washing machines, including machines which both wash and dry. CNG, LPG and Cyrogenic Hoses Tubes, pipes and hoses, and fittings thereof (for example, joints, elbows, flanges) of plastics. CNG truck heads Gas Leak Detectors Gas air conditioners Cylinder refurbishment equipment Blending skid/unit Odourizing unit Chromatography unit (GC) LNG Liquefying Equipment, Heat Exchangers, LNG Vapourizers, Regasification Plant, Liquefied CNG Compression Terminals LNG Plant, Machinery, Pumps, Compressors, Filters (Including Gas Filters), Weighing Machines, Valves Equipment Cyrogenic Storage Tanks, Liquefied CNG Conversion tanks Pipes, Piping Fittings, and Flanges used for Liquefied Natural Gas processing Electrical Equipment, including Cables for Liquefied Natural Gas processing Steel Plates, Angles, and Bars for Liquefied Natural Gas Processing LNG Related Chemicals Biogas Digester Biogas Compressor De-sulphurization units Dryer Distillation columns for processing biofuels Bio-ethanol refinery equipment Fermentation Tanks Biofuel-related Chemicals, Enzymes and Reagents Liquefied Petroleum Gas Compressed Natural Gas Feed Gas gas oil |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by fmlala: 11:43am On Sep 17, 2025 |
YouAreNobody:You should explain what your state government doing with the tax they are collecting so we can understand you better. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by casualobserver: 11:43am On Sep 17, 2025 |
musa234: YouAreNobody:let them collect the tax and steal it first. a major reason why they got away with looting was because most Nigerians didnt pay tax and because it wasnt their money they didnt focus their attention of what the govt was doing with the money. If you are paying tax you will hold the feet of elected officials to the fire but when it is Oil revenue or taxes that dont come from you directly you dont see it as your money. in any event most people complaining here are too poor to fall into the tax bracket. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by PepeXKermit: 11:43am On Sep 17, 2025 |
Kingpele:And this was even with all the rigging he still lost.. Imagine if he did not rig that lagos vote... |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by SmartPolician: 11:44am On Sep 17, 2025 |
yorosstores:I don't owe you to tell you anything. The day Nigerians start electing reasonable people in office and I get the opportunity to serve, I will teach Nigerians what leadership is. I'll be worshipped across the lengths and breaths of the country because of the significant transformation I'll bring about. Until then, I maintain my stance on this issue. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by musa234(m): 11:46am On Sep 17, 2025 |
casualobserver:If the tax is not used Judiciously as most of us expect, nothing will happen..How do we hold the politicians accountable? Bro,unfortunately, nothing will happen. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by bluefilm: 11:47am On Sep 17, 2025 |
Before nko? |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by Shawarmagirl: 11:49am On Sep 17, 2025 |
VOsimhen144:Hahahaha your genuine confession has granted your forgiveness. I thought as a Yoruba man you are and coming from South West you should be enjoying life more than others? 😜 |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by casualobserver: 11:50am On Sep 17, 2025 |
musa234:oga this is the problem i always have with Nigerians. you argue one point they begin whaboutism! do we need to collect taxes or not? what they do with the taxes like i said in my original post is another matter. if you pay taxes and the govt loots it, that's on you the taxpayer! thats a failure on your part! we run a democracy, you have to power to vote them out. Nigerians are unserious people. Someone like this Adebayo guy will contest for the next 100 years you will never vote for him, you will vote for the same people who you say loot govt funds and complain they continue to loot. what else are they supposed to do...can a cat bark like a dog? a cat can only be a cat and a dog can only be a dog. if you put a cat to guard your house and your home is not secure, you dont retain the cat or get another cat....you get a dog! are APC,PDP, ADC, LP the only politicians in town? at what point will Nigerians accept their own part in voting the same people because whether they belong to APC, PDP, LP or ADC, they are the same people whose history is looting. the only difference is some will loot and work and some with loot and clean mouth. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by tpain121: 11:57am On Sep 17, 2025 |
Islie:He knows the problem but he is unwilling to solve it. He is giving the patient a different injection. The patient will eventually die, or is even dead already. Nigeria is dead. Its problem is corruption. Kill corruption, rather than taxing the citizens you plunged into poverty to death, only to steal the money. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by damiloladuke: 11:58am On Sep 17, 2025 |
Kingpele:so till now you never know say Lagos loss na strategy! Una no even know say this person na the real evil genius |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by Almunjid: 12:05pm On Sep 17, 2025 |
SmartPolician:What does "Mr Yes Daddy" has to offer? ![]() |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by YouAreNobody: 12:05pm On Sep 17, 2025 |
casualobserver:Bro leave this talk. People have always paid taxes. Businesses have been paying taxes. I've been paying taxes on my 3 businesses, what has the government done with those taxes? Leave this talk abeg. You and I know it'll be looted and nothing will happen. All the funds which have been looted, what happened to them? |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by YouAreNobody: 12:08pm On Sep 17, 2025 |
fmlala:Bwala Muhammed said when people join APC they lose their brains. you've lost your brain and that's why you dont know taxes are paid to rhe federal government and not to the state. in your rush to defend your clueless government you've exposed your illiteracy |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by Guestmale: 12:08pm On Sep 17, 2025 |
Saving a dieing man from death is path to recovery. If you want to know the real truth about the new tax regime watch this video https://www.facebook.com/otokinie/videos/1757617328450455/?mibextid=rS40aB7S9Ucbxw6v |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by YouAreNobody: 12:10pm On Sep 17, 2025 |
Almunjid:The only thing "bulaba balablu" has to offer is inserting his mouth into people's pockets and sucking them dry, just like a mosquito🤣🤣🤣 |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by TheBillyonaire: 12:10pm On Sep 17, 2025 |
These ignorant men in politics have no knowledge of economy hence the need to always liken the economy to a 'patient', and then use useless words that has to do with ill-health to analyze the economy, and proffer solutions based poorly thought out medical solution to an economic challenge. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by nedu666: 12:11pm On Sep 17, 2025 |
casualobserver:Stop lying. Income tax is not 45% in UK, neither is vat 20%. All these village boys who claim to know all |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by casualobserver: 12:11pm On Sep 17, 2025 |
YouAreNobody:i really have reached a point in my journey on nairaland where I have lost patience with people who offer infantile low level conversations. i really dont want to be seeing these type of comments in my mentions blocked! |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by casualobserver: 12:14pm On Sep 17, 2025 |
nedu666:you clealy are unfamiliar with the Uk. VAT is 20% and income tax is 20-45% you could have made the effort to verify before you quoted me. like i said to the previous poster. I have no tolerance for low level interactions on nairaland anymore blocked |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by koning: 12:38pm On Sep 17, 2025 |
I am not an economist, but can someone explain to me how Tinubu intends to achieve that $1 trillion economy in 4 years time by reducing the purchasing power of the consumers. Taxation takes away money from the pockets of consumers, hence less spending. The economy will not grow 1% if people are not able to buy goods and services. The lending rates from banks will choke many SMEs to death. I'm yet to understand the purpose of increasing taxes. Collecting money to build roads, airports and bridges will do nothing to the average Nigerian. What we want is cheaper foods and electricity. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by Almunjid: 12:41pm On Sep 17, 2025 |
YouAreNobody:The saying "the devil you know is better than the angel you don't know" implies that it's safer to deal with a familiar, albeit unpleasant, situation or person than to risk dealing with an unknown alternative that could potentially be worse. In this context, "bulaba balablu" represents the devil we know, while "Mr. Yes Daddy" masquerades as an angel we don't know but is actually more dangerous. I would choose the former a million times over. Peace! |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by ElSudani: 12:58pm On Sep 17, 2025 |
SmartPolician:Taxation is a serious issue even those countries some of you like to japa to. Has anyone ever been to jail over tax evasion in Nigeria? |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by anonimi: 1:10pm On Sep 17, 2025 |
casualobserver:How has mechanic Tinubu fixed Lagos in 26 years of increasing tax collections? How has he fixed Nigeria in two years of saving $84 billion from subsidy removal? fergie001:May 1, 2025 May Day: Hunger, unemployment, insecurity real— Tinubu According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.” On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe. Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President. https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/ |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by samuelson06(m): 1:11pm On Sep 17, 2025 |
Putinofrussia:You praise Tinubu because you've not gone anywhere outside the south west. Of course, you were not expecting he doesn't develop his own region. Outside the SW, what has actually improved in other places? Has light improved? Do we have roads? Can we afford basic living standard? These are the issues. Tinubu removed subsidy and use the proceeds to empower governors and other politicians. I don't see anything that has improved under him. I'm not even concerned about corruption. That's their thing. I'm concerned about tangible things that he's done especially in the area of improving the standard of life of the people. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by Dalohad: 1:16pm On Sep 17, 2025 |
Tinubu has no right ask for 1 penny without killing corruption 100%. Nigerians have left Tinubu and other politicians to steal the Oil money as much as they want. If they have now sworn to be insatiable and greedily dip their hands into the pockets of Nigerians to take the little pennies that can barely feed us, then I wish them good luck from Nepal. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by casualobserver: 1:23pm On Sep 17, 2025 |
anonimi:I don’t have time for pedantic arguments. I have stated it many times in this thread. The issue is raising taxes. What they do with the tax is a different subject. Stop appearing in my mentions with whataboutism. If people don’t use taxes properly the fault is on you for repeatedly voting them back in. You are the ones not alive to your civic responsibilities. Consider yourself and anyone who else quotes me with dull posts blocked. I am not interested in your life frustrations. We need to raise taxes and the best person to raise taxes is someone who is an expert in raising taxes. That is the topic of this thread. |
| Re: Adebayo: Tinubu Is A Well Known Tax Collector by Dalohad: 1:32pm On Sep 17, 2025 |
Putinofrussia:Tell your handler that Nigerians have told Tinubu that he has no right ask for 1 penny without killing corruption 100%. We will not fund their Prado Jeeps, privates jets, Orgy parties and Dubai lifestyle with our blood. It will not work. No Nigerian directly benefits from Oil money apart from Tinubu and his cronies in politics. He is the Minister of Oil, just like Buhari. Nigerians have left Tinubu and other politicians to steal the Oil money as much as they want. But they would be pushing their luck too far, if they have now sworn to be insatiable and greedily dip their hands into the pockets of Nigerians to take the little pennies that can barely feed us. I wish them good luck from Nepal. |
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