₦airaland Forum

Racoon:
"...I am honestly at a loss what Tinubu hopes to gain from this other than to make the vast majority of the people so economically disaffiliated that they are vulnerable to manipulation.

But I hope he is aware that he is sowing the seeds for a spontaneous eruption of a disabling convulsion. There is a limit to what even the most docile humans can tolerate.

My genuine hope is that Tinubu and the people close to him understand that they are brewing the ingredients of a potentially all-consuming conflagration and beat a strategic retreat. It’s not late... . Do zombiesm with sense!

yesloaded:
What's Seun doing about these bots?

Racoon:
Everyone in this govt is mischievous. Taiwo Oyedele is aware that there would be an outcry, so he quickly said poor people and small businesses won’t be affected by the proposed increase in VAT.

Of course, even a novice in economics knows that when companies are burdened with higher taxes, they transfer this burden to consumers, which invalidates his baseless assurance that poor people and small businesses would be exempted since inflation, which higher taxes on businesses will activate, is an ill wind that blows nobody any good.

However, Oyedele thinks Nigerians are morons while saying the government had extracted a commitment from businesses that they won’t jack up the prices of their goods and services in response to the increased tax obligation.

Racoon:
https://www.farooqkperogi.com/2024/05/the-2019-tinubu-speech-we-ignored-is.html?m=1

SamuelLoch:
Do you know what irritates me the most with this administration? I'll tell you

Let's assume that all of these "slow down the economy, widen the tax net, reduce purchasing power, unify rates, devalue currency, remove subsidy, student loan, power supply by bands", increased custom duty etc., are actually the plans to make this country move forward. Again an assumption!

Administrations as far back as year 2000 have wanted to introduce some of these plans in bits, but Tinubu was like their number 1 critique. Even this man championing the Tax Act criticized previous administrations. Now, he's doing everything at once, as in, every of the agenda, all at once!

What if there was a better time to do it and the better time was years ago?
What if the economy had recovered years ago?
This indirectly means that this man slowed down the country for yearssssss? I blame the previous administration, even though, they had listening ears.

One thing is sure! There's no plan!
At the end of the tenure or tenures, Nigerians would realize that this was another "trial and error" administration that only delivered a few roads or other related infrastructures, but unfortunately, the cut would be so deep that the country would take longer to recover.

Racoon:
https://www.farooqkperogi.com/2024/05/the-2019-tinubu-speech-we-ignored-is.html?m=1

Racoon:
https://www.farooqkperogi.com/2024/05/the-2019-tinubu-speech-we-ignored-is.html?m=1

Racoon:
Everyone in this govt is mischievous. Taiwo Oyedele is aware that there would be an outcry, so he quickly said poor people and small businesses won’t be affected by the proposed increase in VAT.

Of course, even a novice in economics knows that when companies are burdened with higher taxes, they transfer this burden to consumers, which invalidates his baseless assurance that poor people and small businesses would be exempted since inflation, which higher taxes on businesses will activate, is an ill wind that blows nobody any good.

However, Oyedele thinks Nigerians are morons while saying the government had extracted a commitment from businesses that they won’t jack up the prices of their goods and services in response to the increased tax obligation.

Zionmdde:
Everything they condemned is what they are doing now
Watch his chiwawas come here to tell you that it's a different VAT that he was referring to

Flets:
Tinubu’s target is not more money. The focus is to further impoverish the masses to ensure subservience to the elite class.

That is his style of politics

Anither563:
Prof, please take it easy on the President. The VAT increase is in the interest of all Nigerians and the patriotic investors and businesses that want to see Nigeria prosper. May God bless Nigeria for ever!

Salewa97:
The writer's angst is understandable but the solution is not to throw tantrums but to engage constructively.

The VAT increase is inevitable but it would be gradual and well communicated.

The writer should also be ready to pay more for goods and services as an average consumer

Okoroawusa:
The New Tax Law is taking effect on the 1st of January, 2026.

The earliest you get used to that fact the better for you.

Racoon:
https://www.farooqkperogi.com/2024/05/the-2019-tinubu-speech-we-ignored-is.html?m=1

Racoon:
Very terrible set of heartless humanity I tell you.

chinchum:
is there a proposed VAT increase ? i am not following?

I suspect people just create scenario on their head and start fighting the imaginary war.

People have next to nothing idea about the new tax act and barely interested in even learning, but very eager to create imagination of taxation of the poor coupled with unproductive hatred for the government of the day.

Reference:
You sound like me in your last paragraph eleven years ago on this forum.

When I went to Benin by road middle of the year and returned with waist pain that lasted three days due to the horrible roads the cycle was complete.

Never believe what they tell you they will achieve by the yoke they put round your neck. All the Buhari hype on the infrastructure they claimed his government excelled in is just smoke and mirrors. Most highways remain in terrible state.

All the taxes they will burden you with will not result in any noticable improvement in your standard of living by the time they leave government.

Racoon:
"...I am honestly at a loss what Tinubu hopes to gain from this other than to make the vast majority of the people so economically disaffiliated that they are vulnerable to manipulation.

But I hope he is aware that he is sowing the seeds for a spontaneous eruption of a disabling convulsion. There is a limit to what even the most docile humans can tolerate.

My genuine hope is that Tinubu and the people close to him understand that they are brewing the ingredients of a potentially all-consuming conflagration and beat a strategic retreat. It’s not late... . Do zombiesm with sense!

Tayorshd87:
Dont you think it might make cost of goods to go up again..??