₦airaland Forum

nairalanda1:
Lol.

The truth is the only way states can earn money is by taxation, and even then, Lagos is taxing a mere 2.3% of its gdp

If you want really extortion tax, check out the UK. You pay income tax and council tax and even television tax. And it's not like every one there is rich enough to pay them taxes, yet that is why the UK has good services compared to naija.

Nigerians think that government should just sell resources and share the money. Resources whose prices never favor us, which means borrowing more and more.

What is the services Lagos provide for the people compared to UK?

simfrost90210:
That isn't in dollars oo
That IGR in Enugu is in naira!

Read again!

You didn't understand that sentence. It means that the amount could actually be equal to USD if we had visionary leaders because at some point in this country the value of naira was higher than USD.

simfrost90210:
Life...
180billion naira, some worth over $100m...
Imagine, this amount is someone's peanut money at an instant oo, that's what a state in a country is generating as their internally generated revenue for a whole year! Omor!
We gatz dey humble oo!!!

How much do you contribute as tax?

Tabithatim:
Enugu State Generated 180 Billion In IGR In 2024

source

Enugu where they don't have water to bathe, talk less potable water...

The mörøñ on their governor's seat is using their money to build a five star hotel

Enugu state governor will take Nigeria by surprise,that guy is a square peg in a square hole.He is a visionary leader,you saw how elaborate his budget presentation was,he has eyes for details.
Little wonder why APC and Tinubu were on their knees to get him cross-carpet to APC. More like reaping where you did not sow!

nairalanda1:
Lol.

The truth is the only way states can earn money is by taxation, and even then, Lagos is taxing a mere 2.3% of its gdp

If you want really extortion tax, check out the UK. You pay income tax and council tax and even television tax. And it's not like every one there is rich enough to pay them taxes, yet that is why the UK has good services compared to naija.

Nigerians think that government should just sell resources and share the money. Resources whose prices never favor us, which means borrowing more and more.

Calm down. You don't know it all. States can make a lot of money by establishing agribusinesses and making it PPP arrangements. Nigeria's past leaders were more visionary - they set up plantations across the country that created jobs and grew the economy. Imo State still has a massive palm plantation established in 1970s or so that this admin doesn't manage properly.

There's a company in Edo State called Presco that is valued at over $1 billion. That company sells one thing - palm oil and rakes in billions of naira in profits every annum. This country is just soooooo annoying. The dumbest are leading the smartest.

Government can invest lots of money in power and agriculture and make it a PPP arrangement. That's why seeing Tinubu waste trillions of naira on coastal road is just irritating! Tomorrow, we are still wondering why a country of 230 million people cannot generate ordinary $300 billion in GDP.

By tasking the people brutally and unfairly. Like Tinubu like Peter Mbah

SmartPolician:
Calm down. You don't know it all. States can make a lot of money by establishing agribusinesses and making it PPP arrangements. Nigeria's past leaders were more visionary - they set up plantations across the country that created jobs and grew the economy. Imo State still has a massive palm plantation established in 1970s or so that this admin doesn't manage properly.

There's a company in Edo State called Presco that is valued at over $1 billion. That company sells one thing - palm oil and rakes in billions of naira in profits every annum. This country is just soooooo annoying. The dumbest are leading the smartest.

Government can invest lots of money in power and agriculture and make it a PPP arrangement. That's why seeing Tinubu waste trillions of naira on coastal road is just irritating! Tomorrow, we are still wondering why a country of 230 million people cannot generate ordinary $300 billion in GDP.

I think the Naira value affected the GDP

SmartPolician:
Calm down. You don't know it all. States can make a lot of money by establishing agribusinesses and making it PPP arrangements. Nigeria's past leaders were more visionary - they set up plantations across the country that created jobs and grew the economy. Imo State still has a massive palm plantation established in 1970s or so that this admin doesn't manage properly.

There's a company in Edo State called Presco that is valued at over $1 billion. That company sells one thing - palm oil and rakes in billions of naira in profits every annum. This country is just soooooo annoying. The dumbest are leading the smartest.

Government can invest lots of money in power and agriculture and make it a PPP arrangement. That's why seeing Tinubu waste trillions of naira on coastal road is just irritating! Tomorrow, we are still wondering why a country of 230 million people cannot generate ordinary $300 billion in GDP.

Oga even if we do all you said it still won't yield enough money.

We did that in the first republic and most Nigerians were still poor.

The way nations become rich is by a combination of industrial economy and taxes.

You cannot demand the life they have ocersease where they all pay taxes

greatiyk4u:
What is the services Lagos provide for the people compared to UK?

How do you think the UK is able to afford the services it provides?

The thing is the UK can afford those services it provides because it raises enough income in tax to do so

At the moment Nigeria cannot afford those services because tax uptake in Nigeria is low.

Like Lagos. Lagos tax to gdp is a mere 2.3 % . There is no way Lagos can provide the type of service you are demanding they do before most of its residents pay tax for it.

If they try it, they will have to borrow . And borrow something like ten to twenty billion dollars annually to do so. That's not possible


Most Nigerians don't realize that the good services they enjoy aborad is because their abroad people pay massively for the thing. Whether it is taxes or cost reflective tarrifs

lezz:
I think the Naira value affected the GDP

Yes, it did significantly. That's why we must invest in only infrastructure that will drive industrial growth. That way, people can set up their factories in Nigeria instead of importing finished products from China.

Imagine Dangote building his infrastructure for his companies. Builds seaport and power station just to do business in his own country! How many Nigerians have the financial muscle to do that or can even invest that amount in infrastructure? This is something the government should be doing.

I don't know why this government isn't taking power seriously but wants to hit an utopian $1 trillion economy. They think that leadership is all about setting astronomical targets.

2

OneHonestMan:
180 billion is over 100m dolls. Let's stop this comparison, the US is far more advanced than Nigeria, it will take another 500 years to catch-up with them only if we get it right. We should be concerned with catching up with countries that were in our league before but have left us behind now. I'm talking of countries like India, South Korea, Brazil and the likes

meanwhile


Watch as he came home and met his father's farm burnt and that led to unearthing of a huge secret hidden thousands of years


https://www.youtube.com/watch?v=fp325hLF-Lg

God bless you bro. First time I see someone been truthful and detailed. Nigerian keep deciveing themselves comparing everything to some countries forgetting they have passed thru this face years ago.

Gwizatasie:
It is quite fascinating, the Governor must be doing something spectacular and deserve commendation.

Please how is squeezing out IGR from the people equal to something spectacular that deserves commendation IF the public is not receiving commensurate government services and common utilities provided by well paid civil servants?

Do you know if that is the case of Enugu state under APC's Mbah? Do you know

Abi Enugu is worse than Lagos state in a basic utility like water supply, after 26 years of Tinubu's TAX monster plan that has increased the state's budget to N4.2 trillion next year from N42 billion a quarter of a century ago?




https://www.youtube.com/watch?v=g5v-F81hNTs

SeeWahala:
Wonderful 👍🏾

So now we will donate the ₦180 billion to FG and then collect ₦1 trillion as FAAC allocation 🤗

One Nigeria is heavenly bae

What Abt the north that didn't even remit up to this and take d fattest share 🙁 Nigeria is something else especially the north

nairalanda1:
Oga even if we do all you said it still won't yield enough money.

We did that in the first republic and most Nigerians were still poor.

The way nations become rich is by a combination of industrial economy and taxes.

You cannot demand the life they have ocersease where they all pay taxes

You don't know and don't even know that you don't know.

I didn't mention abroad in my comment. I'm telling you how things work in Nigeria. PPP works in Nigeria. NLNG is a PPP arrangement that has generated millions of dollars for this country.

Life was better in the past in Nigeria. Go and ask your parents their experiences. Nigéria lost it because the present generation of leaders stopped spotting her investment potential and creating wealth for the people.

By the way, nobody can tax a broke man! You must create wealth first before you ask for taxes.

I guess I should consider moving to Enugu state. 🤔

SmartPolician:
You don't know and don't even know that you don't know.

I didn't mention abroad in my comment. I'm telling you how things work in Nigeria. PPP works in Nigeria. NLNG is a PPP arrangement that has generated millions of dollars for this country.

Life was better in the past in Nigeria. Go and ask your parents their experiences. Nigéria lost it because the present generation of leaders stopped spotting her investment potential and creating wealth for the people.

By the way, nobody can tax a broke man! You must create wealth first before you ask for taxes.

All right, then don't complain when your government takes more and more loans, because that's what you are asking for.

It's the harsh truth.

Our budget is dependent on oil income. Which is not high enough for all of us. And matters are made worse by low oil prices.

So taxes or we admit we are poor and accept poor man service.

Gwizatasie:
It is quite fascinating, the Governor must be doing something spectacular and deserve commendation.

And some poor people from SE said SW usually gets highest IGR because they extremely tax their citizens.
Poor people and their ludicrous sentiments

6

crixlight2:
See another olodo ,backing olodo like himself. $1.1m is equal 1.8billion naira and not 180billion naira. 180billion Is around $125m

I just dey wake up na why..the brain never clear finish..

Believe me I get sense pass ur papa

oluayebenz:
Hmmmm
Kai

180b is now 1m USD?

You guys should be calming down nah

I just dey wake up na why

Gwizatasie:
It is quite fascinating, the Governor must be doing something spectacular and deserve commendation.

Oga collecting tax is not rocket science any state can increase their igr if they wish

Just that most don't see the need for it

Mbah the best Governor in Nigeria. The over hyped LP governor doesn't even come close

Mbah is a failed governor which investment did he make in enugu that he wants to finish them with tax. Common to secure agric communities and highways he cannot do

mightyhazel:
i dey tell u...our level of povertyno be here... Mere 110 m dollars.. u hear some individuals or companies in USA make 45b usd in a quarter... A whole state is making 110m usd

Nigeria is a sovereign nation and US has no business with intruding Nigeria. If they do, your President, tinubu, commander in chief of armed forces will bomb the hell outta US. According to the online miscreants.

If the amount is true, then Enugu state needs to be studied by other states and copied if it achieved it in a business friendly or positive way.

Gwizatasie:
It is quite fascinating, the Governor must be doing something spectacular and deserve commendation.

This man want to task shege commot for our eyes in Enugu.

You pay for everything. You have to buy N5000 Peter Mba ticket for any load you want to transport.

Propaganda with nothing to show. There’s nothin in Enugu except ogbete market. How did the propagandist governor generate the bogus figures

Any that doest see the need is not ready for serious economic development and prosperity.

mrvitalis:
Oga collecting tax is not rocket science any state can increase their igr if they wish

Just that most don't see the need for it

IGR is something spectacular as money gotten from FAAC is not enough to run a state and IGR if properly harnessed and efficiently used will improve the state economic development. The Lagos context you brought in wasn't really necessary, anyways it is all good

anonimi:
Please how is squeezing out IGR from the people equal to something spectacular that deserves commendation IF the public is not receiving commensurate government services and common utilities provided by well paid civil servants?

Do you know if that is the case of Enugu state under APC's Mbah? Do you know

Abi Enugu is worse than Lagos state in a basic utility like water supply, after 26 years of Tinubu's TAX monster plan that has increased the state's budget to N4.2 trillion next year from N42 billion a quarter of a century ago?




https://www.youtube.com/watch?v=g5v-F81hNTs

It is because over the years the average Nigerian is not used to paying of taxes, mind you it is our obligation to pay taxes, the question is if the tax are being properly utilized for infrastrictural development.

NwaliE01:
This man want to task shege commot for our eyes in Enugu.

You pay for everything. You have to buy N5000 Peter Mba ticket for any load you want to transport.

Gwizatasie:
IGR is something spectacular as money gotten from FAAC is not enough to run a state and IGR if properly harnessed and efficiently used will improve the state economic development.

The Lagos context you brought in wasn't really necessary, anyways it is all good

Please will you be kind enough to explain how it is all good that local, state and federal governments squeeze IGR out of the people through increased tax burden but fail to employ well paid workers to provide basic services and common utilities like water

anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.

He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.

The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”

― Bertolt Brecht

https://www.youtube.com/watch?v=dMWUS1W_ITc?si=5913syboiB7GAxUw

Gwizatasie:
It is because over the years the average Nigerian is not used to paying of taxes, mind you it is our obligation to pay taxes, the question is if the tax are being properly utilized for infrastrictural development.

If you know that the infrastructure projects won't work themselves to deliver services and utilities to the people, then why are you not equally concerned about the employment of civil servants to work the projects and maintain them