₦airaland Forum

Putindbutt:
Next is NNPC oil receipts be remitted directly into the federation account. I wish I was a Governor right now.

Funny. So that you can execute projects for the masses? Probably not. Lol.

Mom

Ofunaofu:
VAT is hitting record amounts. Revenue is exceeding targets. The subsidy is gone. There’s supposedly more money.

Yet hospitals are comatose. Projects are stalled. In fact, in 2025, a single private individual funded Nigerian hospitals more than the federal government did.

Nigerians are asking: Where's the money, where is the subsidy savings? Where is the revenue?


Instead of answers, his hoardes of supporters say, 'Ask your state governor and local government chairman.'

Funny. When Tinubu was criticizing the Goodluck Jonathan administration, did anyone tell him to go and ask state governors and local government chairman?

Or does accountability only flow downward when it’s convenient?

What you "see" is what you get. .

You see development,it will be in your life..

You see poverty,so it is in your life..

You complain,na so your life go be...jaga jaga..

You celebrate,your life will be a continuous daily celebration..

nairalanda1:
Good so vote in a government that would tax more of the gdp and develop an economy based on manufactured goods and services. (It's not APC by the way)

Trying to do all you have said , assuming there is zero corruption, would still force us to borrow and borrow more to meet goals...and leave us with even more hefty debts to service

Assuming there is zero corruption, state government would have invested in state industries, manufacturing industries run by private management companies, imagine if subsequent state governors invested in such manufacturing industries, run by private management companies, each year funds are put in to expand the scope of operations, imagine all states doing this, to process agricultural output and minerals resources, imagine the large scale manufacturing units we will have across Nigeria, this will create employment, mobilise local economies, add to our GDP and export drive, and lead to mortgage systems, because more workers will be able to pay mortgage premiums with guaranteed employment all their life...this could have been possible, if governors down the years didn't embezzle but use all states funds on the states, for investment, growth and development. This will generate more revenue for the governors to build houses for the people etc...if you calculate how much states get down the years, you will see what they could have been able to do with it.

morgstreme:
Mom

What you "see" is what you get. .

You see development,it will be in your life..

You see poverty,so it is in your life..

You complain,na so your life go be...jaga jaga..

You celebrate,your life will be a continuous daily celebration..

A marvel at your level of warped and jaundiced reasoning

PolyGamous:
Lol, I think I understand why the oil rich states are trying to be alone..

Make dem use oil money of states with fewer unemployed people to pay the region with most unemployed people??

You didn’t even say taxpayers’ money, na oil money you target. Try to re examine things before submitting your post

Pls check your maill

7upnigeria:
Ia like your brain is still working in the past. States are clearing pension backlogs. Where did ASUU say they are being owed. Give us detailed info?

Maybe i am the one working in past or maybe na una wey dey follow Tinubu no just get sænse ... Explain this

More money to loot.

Basic123:
What is government owing ASUU??

Na question you ask, i can answer that

Now what do you made of this, read

dederocs:
Assuming there is zero corruption, state government would have invested in state industries, manufacturing industries run by private management companies, imagine if subsequent state governors invested in such manufacturing industries, run by private management companies, each year funds are put in to expand the scope of operations, imagine all states doing this, to process agricultural output and minerals resources, imagine the large scale manufacturing units we will have across Nigeria, this will create employment, mobilise local economies, add to our GDP and export drive, and lead to mortgage systems, because more workers will be able to pay mortgage premiums with guaranteed employment all their life...this could have been possible, if governors down the years didn't embezzle but use all states funds on the states, for investment, growth and development. This will generate more revenue for the governors to build houses for the people etc...if you calculate how much states get down the years, you will see what they could have been able to do with it.

Well, they can create enabling environoments by not bringing in price controls or subsides then.

nedu666:
Awon hold your governor accountable. How do you hold someone with immunity, police, dss escorts accountable. The pastor who challenged Abiodun over roads in Ogun was arrested 3 times by dss.

So what should I do about that? Wait so how is that my headache if he was arrested 3 time? You can come social media to bash Tinubu so Abiodun and dss can't be bash on sical media?

nairalanda1:
If you want a social security net, then you have to pay taxes at very high rates for it...all of us, including farmers and beggars.

A social security net based on oil earning that cannot pass 100 billion dollars..annually....for 230 million people is basically asking for the government to borrow even more and more money. You know how that would end.

Read what I said again please before defending criminals

PolyGamous:
Lol, I think I understand why the oil rich states are trying to be alone..

Make dem use oil money of states with fewer unemployed people to pay the region with most unemployed people??

You didn’t even say taxpayers’ money, na oil money you target. Try to re examine things before submitting your post

But u are happy when elites from the non oil producing region enjoy it abi?
See masses defending elites
Check owners of oil well in Nigeria before supporting criminals

Rayjnr:
Read what I said again please before defending criminals

Well, I did, and note that I did not defend any criminals. Infact, I showed you why your political leaders are bad...up till today, our economy relies on oil alone. Sane nations have diversifed economies, even saner ones(to paraphrase Peter Obi) have manufacutring and productive industries as the basis of our economy. It's not just corruption that is wrong with our leaders, you see.

Rayjnr:
Nigerians wake up, these guys are criminals,
We ask for social security because we are all stakeholders in Nigeria's oil, not only president, governors and lg chairmen.
Pay the unemployed and aged Nigerians.

Well, let's assume we have a leader that would pay social security, unemployed and aged nigerians (and note that I did not say that they should be excused for not paying them, or that they are trying their best)...ie pay all those things for ALL NIGERIANS...including people in the villages and cities, as well as all the unemployed...not just unemployed university graduates.

1. 80% of government revenue comes from oil sales

2.At `under 2 million bpd, oil revenues can only generate about 70 billion dollars.

3. By my estimate, Nigeria would need to be generating somewhere around 500 billion dollars to do what you want. If not more

4. Our leaders are bad because since 1960, they haven't created that type of economy (meanwhile South Korea went from being behind most African nations in 1960 to where it is today).

So, I believe we need to stop corruption, let's make that clear...but on today's revenue, we can't pay all the folks you said they should pay...at the rates they should pay them in your mind.

That is why either we vote in a leadership that makes us a producer of industrial goods and services, and taxes 40% of the gdp or even more...or we forget about it. Because trying to pay unemployed, aged, and provide a social security net..something that developed countries incur a lot of debt doing so...is going to push us into a debt in the hundreds of billions of dollars.

P.S : Don't call me a supporter of corrupt leaders again. It shows you don't get what I am saying.

Ok.

ryloy:
https://punchng.com/tax-law-vat-hits-record-n1tn-as-new-sharing-era-begins/

Thats all they know…. Steal from the masses and share amongst themselves.

There will be no meaningful utilization of that funds.

Rayjnr:
But u are happy when elites from the non oil producing region enjoy it abi?
See masses defending elites
Check owners of oil well in Nigeria before supporting criminals

Lol, defending elites.
Was it given to them for free?
Nobody stopped elites from oil producing regions from owning a well, but they preferred importations.

I don’t know when investors turned into criminals, naso una go dey shout Dangote monopolizing business that every other elites were clearly watching from afar.

If someone decided to invest big in power generation “wind turbines or nuclear plants” now, and people start choosing their services over buying generators, una go come out to defend the generator importers..

Don’t just be literate “someone that went to school, only to be able to read”, but educated “understand what you read”!

Sharing, the only thing they know and good at... #spit

ryloy:
https://punchng.com/tax-law-vat-hits-record-n1tn-as-new-sharing-era-begins/

WHY DO SOME OF U ACT LIKE NIGERIA STARTED YESTERDAY...DO U KNOW IT TOOK TINUBU, 4 GOVT TO FULFILL OVER 12YR OLD GEJ'S AGREEMENT WITH ASUU, OR HAVE U ALSO FORGOTTEN DAT JUST 2023 WE HAD 28 OF 36 STATES UNABLE TO PAY WORKERS SALARY NOT TO MENTION PENSIONS.. MAKE UNAH DEY FEAR GOD NAH

reddingtonblack:
How is these a goodnews ...More Revenue yet the Budget is raised on deficit

More Revenue, Govt is still owing ASUU, pensioneers, discos

More Revenue, what as it fetch us

Chucks13:
So what should I do about that? Wait so how is that my headache if he was arrested 3 time? You can come social media to bash Tinubu so Abiodun and dss can't be bash on sical media?

Why won't it be your headache. Are you not the one shouting hold your governor accountable. You that is running your mouth, I can bet your ass can't question your local government chairman talkless of governor. Online yoruba activist

JUST 2+ YRS AGO.. TOTAL REVENUE GENERATED FROM CRUDE OIL, VAT, COMPANY TAX, PORT REVENUE WAS ABT #500B[ $666MILLION DOLLARS USING #750/$ EXCHANGE AT D TIME].. TODAY VAT ALONE GIVES US #1TRILLION [ [$740MILLION DOLLARS USING $1350/$ EXCHANGE}.. U HAVE TO B DELIBERATELY MISCHIEVOUS NOT TO SEE DAT TINUBU IS NIGERIAS GREATEST LEADER OF ALL TIME

nairalanda1:
Well, I did, and note that I did not defend any criminals. Infact, I showed you why your political leaders are bad...up till today, our economy relies on oil alone. Sane nations have diversifed economies, even saner ones(to paraphrase Peter Obi) have manufacutring and productive industries as the basis of our economy. It's not just corruption that is wrong with our leaders, you see.



Well, let's assume we have a leader that would pay social security, unemployed and aged nigerians (and note that I did not say that they should be excused for not paying them, or that they are trying their best)...ie pay all those things for ALL NIGERIANS...including people in the villages and cities, as well as all the unemployed...not just unemployed university graduates.

1. 80% of government revenue comes from oil sales

2.At `under 2 million bpd, oil revenues can only generate about 70 billion dollars.

3. By my estimate, Nigeria would need to be generating somewhere around 500 billion dollars to do what you want. If not more

4. Our leaders are bad because since 1960, they haven't created that type of economy (meanwhile South Korea went from being behind most African nations in 1960 to where it is today).

So, I believe we need to stop corruption, let's make that clear...but on today's revenue, we can't pay all the folks you said they should pay...at the rates they should pay them in your mind.

That is why either we vote in a leadership that makes us a producer of industrial goods and services, and taxes 40% of the gdp or even more...or we forget about it. Because trying to pay unemployed, aged, and provide a social security net..something that developed countries incur a lot of debt doing so...is going to push us into a debt in the hundreds of billions of dollars.

P.S : Don't call me a supporter of corrupt leaders again. It shows you don't get what I am saying.

nairalanda1:
Well, I did, and note that I did not defend any criminals. Infact, I showed you why your political leaders are bad...up till today, our economy relies on oil alone. Sane nations have diversifed economies, even saner ones(to paraphrase Peter Obi) have manufacutring and productive industries as the basis of our economy. It's not just corruption that is wrong with our leaders, you see.



Well, let's assume we have a leader that would pay social security, unemployed and aged nigerians (and note that I did not say that they should be excused for not paying them, or that they are trying their best)...ie pay all those things for ALL NIGERIANS...including people in the villages and cities, as well as all the unemployed...not just unemployed university graduates.

1. 80% of government revenue comes from oil sales

2.At `under 2 million bpd, oil revenues can only generate about 70 billion dollars.

3. By my estimate, Nigeria would need to be generating somewhere around 500 billion dollars to do what you want. If not more

4. Our leaders are bad because since 1960, they haven't created that type of economy (meanwhile South Korea went from being behind most African nations in 1960 to where it is today).

So, I believe we need to stop corruption, let's make that clear...but on today's revenue, we can't pay all the folks you said they should pay...at the rates they should pay them in your mind.

That is why either we vote in a leadership that makes us a producer of industrial goods and services, and taxes 40% of the gdp or even more...or we forget about it. Because trying to pay unemployed, aged, and provide a social security net..something that developed countries incur a lot of debt doing so...is going to push us into a debt in the hundreds of billions of dollars.

P.S : Don't call me a supporter of corrupt leaders again. It shows you don't get what I am saying.

Yes you are right but remember we don't only get revenue from oil, and the reason I'm advocating for social security is that our elites capitalize on excess funds to steal,
Look at their capital project, only roads .

demstone:
JUST 2+ YRS AGO.. TOTAL REVENUE GENERATED FROM CRUDE OIL, VAT, COMPANY TAX, PORT REVENUE WAS ABT #500B[ $666MILLION DOLLARS USING #750/$ EXCHANGE AT D TIME].. TODAY VAT ALONE GIVES US #1TRILLION [ [$740MILLION DOLLARS USING $1350/$ EXCHANGE}.. U HAVE TO B DELIBERATELY MISCHIEVOUS NOT TO SEE DAT TINUBU IS NIGERIAS GREATEST LEADER OF ALL TIME

N500 billion can't do much , nor can N1 trillion.

N500 billion is 363 million dollars, 1 trillon naira is 726 million dollars.

We need our economy to be at about 500 billion dollars...not naira, dollars...before we can talk.

Your maths is off, old man.

Rayjnr:
Yes you are right but remember we don't only get revenue from oil, and the reason I'm advocating for social security is that our elites capitalize on excess funds to steal,
Look at their capital project, only roads .

Well, yes, but oil accounts for 80% of government revenue...and that's where the budget comes from. We are oil dependent, essentially. That';s why all our budgets for years have had a oil price benchmark

nairalanda1:
Well, yes, but oil accounts for 80% of government revenue...and that's where the budget comes from. We are oil dependent, essentially. That';s why all our budgets for years have had a oil price benchmark

Yeah you are right , I just said we should start from somewhere,
Another question, why is it that our only capital project is always road?

BRO!! U REALLY NID GLASSES.. EXCHANGE RATE ON D PARALLEL MARKET IN 2023 WAS #750/$.. MEANING NIGERIAS MONTHLY FAAC WAS ABT $666M.. HOPE U ALSO KNOW VAT IS JUST ONE OF MANY SOURCES OF REVENUE ND NIGERIAS MONTHLY FAAC RIGHT NOW IS OVER 2TRILLION..

nairalanda1:
N500 billion can't do much , nor can N1 trillion.

N500 billion is 363 million dollars, 1 trillon naira is 726 million dollars.

We need our economy to be at about 500 billion dollars...not naira, dollars...before we can talk.

Your maths is off, old man.

demstone:
BRO!! U REALLY NID GLASSES.. EXCHANGE RATE ON D PARALLEL MARKET IN 2023 WAS #750/$.. MEANING NIGERIAS MONTHLY FAAC WAS ABT $666M.. HOPE U ALSO KNOW VAT IS JUST ONE OF MANY SOURCES OF REVENUE ND NIGERIAS MONTHLY FAAC RIGHT NOW IS OVER 2TRILLION..

666 MILLION Naira, not dollars, old boy

VAT Last year only accounted for less than one fifth of this year's budget.

(This bot self).

demstone:
BRO!! U REALLY NID GLASSES.. EXCHANGE RATE ON D PARALLEL MARKET IN 2023 WAS #750/$.. MEANING NIGERIAS MONTHLY FAAC WAS ABT $666M.. HOPE U ALSO KNOW VAT IS JUST ONE OF MANY SOURCES OF REVENUE ND NIGERIAS MONTHLY FAAC RIGHT NOW IS OVER 2TRILLION..

Your maths is really very good, old man.

$666MILLION DOLLARS SCHOOL BOY!!! MUST I ALSO TEACH U BASIC MATHS..WE TALKING REVENUE, BUDGET IS A COMPLETELY DIFFERENT BALL GAME

nairalandadeux:
666 MILLION Naira, not dollars, old boy

VAT Last year only accounted for less than one fifth of this year's budget.

(This bot self).

demstone:
WHY DO SOME OF U ACT LIKE NIGERIA STARTED YESTERDAY...DO U KNOW IT TOOK TINUBU, 4 GOVT TO FULFILL OVER 12YR OLD GEJ'S AGREEMENT WITH ASUU, OR HAVE U ALSO FORGOTTEN DAT JUST 2023 WE HAD 28 OF 36 STATES UNABLE TO PAY WORKERS SALARY NOT TO MENTION PENSIONS.. MAKE UNAH DEY FEAR GOD NAH

I should be re directing that question to You, are even sure you were not born yesterday

In the last 27yrs of democratic government ... No administration as boasted More than about REVENUE highest this Revenue Highiest that so it begs the question

What have Tinubu achieved with All this Revenue noise pollution ... As he attended well to health, are pensioneers fully paid, have they settled ASUU

Stop making stewpid noise in our ears ...High Revenue, whereas the 2026budget is on a Deficit and we are still anticipating more loans .. so what is the essence of Highiest Revenue thas my arguement

states are unable to pay workers salary 2023 Buh with the present Inflation rate how many Nigerian can live on that " salary" .. do you know much it cost to buy 50litres inside car now remove it from salary, do you know transport cost now

2023 is far better than now in all ramifications, security, electricity, fundamental human right, Smes startup ..name it

Tell me what good As come from more money to the governors, did Tinubu tell Nigerians subsidy removed will be shared to our governors was that the promise .. Sit your ass down

To whom much is given much is expected, other govt dont have the kind of revenue Tinubu has

reddingtonblack:
Na question you ask, i can answer that

Now what do you made of this, read

Stale news.
Why cant you just do a proper referencing?

Basic123:
Stale news.
Why cant you just do a proper referencing?

that news is 2025 last ASUU statement bring your papa news that is fresh out let's see

Awon oni iranu

STOP TALKING LIKE AN ILLITERATE MY DEAR BRODA:: 30K IN 2023 WAS EQUIVALENT TO $40 , YET 28 OF 36 STATES CLDNT PAY IT.. DAT 30K CLDNT EVEN BUY U A BAG OF RICE [40K PER BAG IN 2023].. TODAY EVERY STATE PAYS ATLEAST 70K [$51] ,WITH SOME STATES LIKE IMO & EBONYI PAYING AS MUCH AS #105K{$77].. NOT FORGETTING A BAG OF RICE IS STILL BTW 40K ND 55K DEPENDING ON D AREA .. MY BRODA DO U KNOW 2023 TO 2026 IS D FIRST TIME SINCE 2014 DAT 28 OF 36 STATES EARNED REGULAR SALARIES.. SOME LIKE ABIA. BENUE. ENUGU. OSUN OWED OVER 2YRS

reddingtonblack:
I should be re directing that question to You, are even sure you were not born yesterday

In the last 27yrs of democratic government ... No administration as boasted More than about REVENUE highest this Revenue Highiest that so it begs the question

What have Tinubu achieved with All this Revenue noise pollution ... As he attended well to health, are pensioneers fully paid, have they settled ASUU

Stop making stewpid noise in our ears ...High Revenue, whereas the 2026budget is on a Deficit and we are still anticipating more loans .. so what is the essence of Highiest Revenue thas my arguement

states are unable to pay workers salary 2023 Buh with the present Inflation rate how many Nigerian can live on that " salary" .. do you know much it cost to buy 50litres inside car now remove it from salary, do you know transport cost now

2023 is far better than now in all ramifications, security, electricity, fundamental human right, Smes startup ..name it

Tell me what good As come from more money to the governors, did Tinubu tell Nigerians subsidy removed will be shared to our governors was that the promise .. Sit your ass down

To whom much is given much is expected, other govt dont have the kind of revenue Tinubu has