₦airaland Forum

Misterone:
Stupid poll! Obi should end hardship how? How is he going to do it? Explain to us! You guys think we've forgotten that he was once a governor and he did nothing in Anambra state. Rubbish.

The OP should've done better with the poll, he shows low IQ Obi-idi0t possessed. He doesn't give any sensible option

You have nothing serious to say, for your information, Peter Obi is the only Past Governor who upon handing over the state, he left $150 million and N75 Billion plus other invest for the state. No government has done that. Peter Obi is a prudent leader

Misterone:
Stupid poll! Obi should end hardship how? How is he going to do it? Explain to us! You guys think we've forgotten that he was once a governor and he did nothing in Anambra state. Rubbish.

Lol, we can't blame them.
On paper, Nigeria is doing very well

Heffalump:
That's too shameful of you. Don't the band wagon of those who choose to hate Obi out of nothing, but perceived sentiments. Obi's era as governor in Anambra was one of the best. He curbed wastages and prevented revenue losses. Anambra was number one in education nationally. He dealt a heavy blow on miscreants and terrorists in the State.
Those who hate him, decided to give a dog bad name to justify hanging it.

Yeah! He curbed wasted by diverting 250 million naira monthly through schemes. In one of these schemes, he was caught! Obi is a well known criminal! If not for the fact that the constitution does not grant the EFCC powers to investigate states, Obi will be in kirikiri by now.

Misterone:
Stupid poll! Obi should end hardship how? How is he going to do it? Explain to us! You guys think we've forgotten that he was once a governor and he did nothing in Anambra state. Rubbish.

The thing shock you come pain you join ba ?

Even me too

donself9:
,,,

Okay, I didn't expect you to agreement with me

I guess you support the usual borrowing to fund the budget then. It's your opinion, no disrespect. The problem is, it will worsen the debt and lead to the probelms you fear

And as I said, we should fight corruptioon at the same time, before you start.

Thanks. and good evening.

Nigerians were warned but they didn't listen.

BAT is the centre...and Nigerians are now the periphery.

There is no turning back.

IMF and world bank,deceived you to remove fuel subsidy, devalue the naira so that your citizens will be impoverished so your government will have enough money to embezzle,you were happy believing you and your political thieves are set for life but you forget that whenever the devil gives you something he takes more in return.

Now IMF is holding you by the jugular because they have render the naira worthless and knows you will keep running back to them for loan.

You have taxed everything taxable that the only thing for Nigeria citizens is the air we are breathing, just hope you no go tax that one too. Nonsense government

Dalohad:
Every sane country have stopped listening to those devil incarnates in IMF.

None of their policies have ever been designed to uplift Africans from poverty. They encourage the taxation of poverty, so that people can die off as part of their population control measures against Africa.

No wonder Burkina Faso threw them out of their country.

Yes, because we do not want to listen to the IMF.

Burkina is in a very bad place economically and security wise by the way.Yes, improvement, but it is the kind of improvement they used to praise nigeria for years ago, as we can see e no work.

IMF essentially is suggesting we raise the tax to gdp to fund budget deficit because it is pretty obvious that even before corruption comes in, the revenue from oil and available government sources is not enough. Add the fact that thanks to government subsides on power, the industrial sector cannot grow, and revenues from resources we sell are no longer enough to sustain all of us.

Tinubu wont listen, like his predecessors, and will continue to rely on loans, like his predecessors, to fund budget deficits. Almost every Nigerian leader has done that since independence, because they fear that taxing the masses will cause rebellion. SO, they use loans to hide our blushes.

The problem is, decades of loans has caught up with us, and here we are. If not for debt forgiveness in 2005, we would have been in a worse state than we are now.

It's the cold reality, you don't have to like it.

nairalanda1:
Tinubu should listen to the IMF and do it, and if he doesn't , whoever is taking over should listen to the IMF and do it, alongside fighting corruption

I know people will abuse me, and will call me names for my opinion, so let me drop some facts.

Our budget this year is: 68 trillion naira

Actual revenue available to fund this budget is : 33 trillion naira
Deficit: 29 trillion naira...and to cover that deficit, that is where the loans come in.

Yes, oil revenue rose, but remember that we have a debt of about 150 trillion naira to pay for.


People like to abuse me on this site and call me agbadoe, but if it was Peter Obi, or Atiku in charge, based on what I know, I would give them the same advice. We all shout that we want government to stop borrowing, but when it comes to measures to stop borrowing, we suddenly become allergic to good advice


Tinubu is a bad leader, and I am not voting for him next year, by the way.


Nigeria has had this deficit problem for decades. Everytime earnings do not meet up with the budget, meaning we have to borrow. This is because of the fact that we rely on resources WHOSE PRICES WE DO NOT SET. We cannot set oil above the international price to fund our budget because our buyers will go and meet the cheaper option. Back when we had cotton, cocoa, palm oil, same thing. (Ghana some years ago raised prices of its cocoa to meet up with budget funding and buyers went to other countries, Nigeria included, to buy cheaper stuff).

Most of the rich and poor do not pay taxes, only people in formal employment pay PAYE taxes, and revenue from VAT was about 8 trillion naira , plus revenue from bank charges was around 4 trillion naira...for this budget.

And the 68 trillion naira is not enough for a nation of 230 million people. You can abuse me, but we are too big for the budget. And that budget is the money available before stealing and looting happens.

Y'all can abuse me, but we have to face cold reality.

Either we start listening to the IMF and fighting corruption, as well as improving taxation, or else, even if we vote Obi tomorrow, as i hope we all do, or Atiku tomorrow, or even Sowore, I guarantee that our debt would be 800 trillion naira in eight years time.


You are free to abuse me and call me names now, thank you. I no longer care.



If una no wan hear, then that means you should stop complaining about borrowing, because refusal to support improved taxation and anti-corruption measures means you support borrowing.

Again, I am voting for Obi next year, and in reality, I don't care about all your politicans. IF Obi fails, out he goes in four years, and so forth, until we get sane leadership. Maybe we go wait till the debt is 10000 trillion naira before we get our own MIlliei and LKY...it took Argentina to get into such severe debt that it was defaulting on payments, for them to wake up. Now their currency is strong and fiscal performance better, and eventually other areas will improve.

Good day Prof. Before I even opened the topic, I already knew I would find you here since tax matter is your favourite food/topic

Abeg tell your Tinubu that before he implement IMF 's advice, he should search Mele Kyari's pocket very well. The 150billion dollars in there will be enough to cover for all this deficit and other orisirisi you said up there. Obviously IMF don't know that these are the kind of monies Nigerian politicians are hiding in their agenda, hence they give such terrible advice.

Infact , there might still be something left to gift every Nigerian after the money have been out in good use.

Enjoy the rest of your evening, Prof.

Solcampbell:
Good day Prof. Before I even opened the topic, I already knew I would find you here since tax matter is your favourite food/topic

Abeg tell your Tinubu that before he implement IMF 's advice, he should search Mele Kyari's pocket very well. The 150billion dollars in there will be enough to cover for all this deficit and other orisirisi you said up there. Obviously IMF don't know that these are the kind of monies Nigerian politicians are hiding in their agenda, hence they give such terrible advice.

Infact , there might still be something left to gift every Nigerian after the money have been out in good use.

Enjoy the rest of your evening, Prof.

I do not support tinubu or any other politican

Plus knowing our leaders very well, tinubu won't listen. Tinubu is your typical nigerian leader, taking decisions to stay in power,

Also, your comment shows that school did not enter you well.

nairalanda1:
On the other hand, if tinubu does not follow IMF advice now, the economy will continue to fall.

As for the money given to governors, that was enough to pay salaries on time. It isn't enough for anything else. Subsidy removal removed pressure on our already limited revenue. Or to put it this way, it improved available revenue, but it did not increase overall revenue.

Thats why governors are not doing much. They have gone from struggling to pay salaries, to just being able to afford to pay salaries on time. If the NLC decides to really go on strike to force an increase in salaries, whala go start. The high prices of oil and the knock on effect is not helping matters.

It does not matter who is president, if ya think that 68 trillion is enough for nigeria, you are in dreamland. That is why tinubu must listen to IMF, or our economy will be worsening

And don't tell me wait till second term. Una think say the potential successors go allow tinubu to do hard touch in second term that will harm their chances?

Seriously, APC is not facing reality, since 2015.

You said what So security Nbillions give to governor is for salary

FuglyGurl:
https://punchng.com/revenue-imf-asks-fg-to-impose-fuel-telecom-taxes/?utm_source=rss.punchng.com&utm_medium=web

fuel taxation should be left for the states to handle!

When I say that the West and their Neo-colonial instruments like IMF are not Africa's friends, African "Americans" somewhere in Surulere will tell you to shut up. They know you can't do without telecommunication and fuel, and that's where they're asking their puppet president in Nigeria to impose tax. You all will soon wake up se.

akosatech:
You have nothing serious to say, for your information, Peter Obi is the only Past Governor who upon handing over the state, he left $150 million and N75 Billion plus other invest for the state. No government has done that. Peter Obi is a prudent leader

Oga, big fat lie! This has been disproved by his successor! How can you be calculating money you invested in a brewery as money left behind! What kind of accounting is that? Then you awarded contracts, you refuse to pay then calculate it as money left behind knowing fully well that those money have been spent! You refuse to pay workers minimum wage, then you say you save the money! Not even one community school was built. You went about taking pictures in seminary schools and claiming you've done well for education! How? Are seminary schools not private schools? Obi is really a criminal!

Only your vote can stop the kind of thing that is coming in tinubus second term

nairalanda1:
Well, not raising taxes is why we cannot fund the deficit, meaning borrowing occurs, meaning more debt, meaning the purchasing power still gets hurt anyway, and the economy struggles more.

This has been happening for years. Decades. If not for our debt forgiveness in 2005, by now our debt would have been above 500 trillion naira or more, and we would have been poorer than we are now.

We can also fight corruption too at the same time, or are you going to tell me you voted for Buhari in 2015 ?

To pass on a quote from a certain online site...one can walk AND chew gum at the same time.

Wrong. Not raising taxes is not why hundreds of trillions is reportedly missing from NNPC, that is the direct result of corruption.

Chucks13:
You said what So security Nbillions give to governor is for salary

Please, you tinubu supporters and APC supporters should not make me laugh today

Lagos alone has a budget less than 3 trillion naira, or about 2 billion dollars. Lagos is the same size as New York city. New York spends 10 billion dollars on the city police alone. 10 billion.

Our budget self...if we divide it among the 230 million nigerians...it can give us about 300000 naira for one year per nigerian. For one year, not monthly

Your tinubu is failing at raising the revenue of this country. That is why we dey borrow.

Anytime I hear all the millions dey call, I just dey laff. Millions in naira that is worthless to begin with.

Reference:
And prioritizing expenditure to what is critically needed for national survival.

Not wasting scarce tax naira on bogus recurrent expenditures even if they are legal, or bogus capital projects even if they are appropriated.

People who earn millions in government cannot be the final arbiter of how we spend our money as a nation because they do not feel anything.

Their salaries are paid by the public, their business is politics so they do not KNOW or FEEL the effects of their decisions on the real economy.

Exactly. If we can plug the leakages and prioritize expenditure, we'll have more money to stimulate the economy and fund the budget.

Misterone:
Stupid poll! Obi should end hardship how? How is he going to do it? Explain to us! You guys think we've forgotten that he was once a governor and he did nothing in Anambra state. Rubbish.

who did you quote that you have to mention Obi on a matter that has nothing to do with Peter.

Did you dream Peter Obi last night?

FuglyGurl:
https://punchng.com/revenue-imf-asks-fg-to-impose-fuel-telecom-taxes/?utm_source=rss.punchng.com&utm_medium=web

The way I see things, even IMF is anti Tinubu cos if they are not, they won't be giving this silly advise. They know man is a borrower and can take loan till thy kingdom come. So they engaging him on ways to pay back, which will eventualsend him out of Aso Tock

givedemwotowoto:
Wrong. Not raising taxes is not why hundreds of trillions is reportedly missing from NNPC, that is the direct result of corruption.

Even if we get that money from NNPC, a time will come when it will run out, finish, even if spent wisely.

And you know what that means? Taxes, or more borrowing.

Many communist nations like the USSR recovered trillions of cash from the rich, stolen money. And they used it well, that is, until the money started running out. Meaning it was hard to maintain all the new and modern infrastructure they built. Guess what happened next? Borrowing from IMF , and the USA...

Plus it takes time to investigate and recover stolen money , and from the way the Senate is rushing to hide the report and bury an investigation before it starts, it may be a very long time before we see that money again. Meanwhile, Mr and Mrs Deficit is still growing and must be starved or else they will outgrow us ..taxes.

Why does the IMF hate Nigeria so much? What is the meaning of all this? The price of fuel is too high, so someone can't save money again

Sentiments apart! I am a Yoruba man,the person you claimed built Lagos has destroyed the country with useless and needless policies.

Tell me a former Lagos governor who didn't perform? This is because it's the former country capital territory and the structure was already on ground, smaller geographical land mass,IGR, infrastructure and other factors.

Former osun state governor Aregbesola worked with Tinubu for years before he became governor but couldn't deliver in osun because of the large geographical mass land size, poor IGR and no existing infrastructure on ground to develop on, unlike Lagos state.These are the challenges been faced by other states in the country.

If Obi and Tinubu should swap state as a governor,it would amount to same performance metric you want to see.

Misterone:
Stupid poll! Obi should end hardship how? How is he going to do it? Explain to us! You guys think we've forgotten that he was once a governor and he did nothing in Anambra state. Rubbish.

Just as they recommend removing subsidy on electricity.

BeardedMeat:
His record in Anambra state are online for everyone to go and verify.

What's Tinubu's track record as Lagos governor aside inheriting an already cosmopolitan prosperous state that even warranted him to flatly deny his iragbiji links?

Is it not obvious that tinubu has failed woefully? Even a dog on the ballot would be preferred before tinubu.

I swear bro 🤣🤣🤣🤣🤣🤣🤣🤣😋😋😋😋🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

FuglyGurl:
https://punchng.com/revenue-imf-asks-fg-to-impose-fuel-telecom-taxes/?utm_source=rss.punchng.com&utm_medium=web

That of telecom is okay for now
But fuel , not untill all roads are renovated

nairalanda1:
Even if we get that money from NNPC, a time will come when it will run out, finish, even if spent wisely.

And you know what that means? Taxes, or more borrowing.

Many communist nations like the USSR recovered trillions of cash from the rich, stolen money. And they used it well, that is, until the money started running out. Meaning it was hard to maintain all the new and modern infrastructure they built. Guess what happened next? Borrowing from IMF , and the USA...

Plus it takes time to investigate and recover stolen money , and from the way the Senate is rushing to hide the report and bury an investigation before it starts, it may be a very long time before we see that money again. Meanwhile, Mr and Mrs Deficit is still growing and must be starved or else they will outgrow us ..taxes.

You're going too far. The immediate solution right now is fighting corruption and prioritizing expenditure like another poster highlighted.

Nigeria can immediately save possibly trillions to fund the budget deficit.

Within the next 1 year in 2027, the President should prioritize fighting corruption.

Plug the hell out of leakages and you'll find the missing money to finance budget.

Raising taxes will only lead to protests and distractions in your first year in office, because people have already paid a lot from subsidy removal and tariffs, with nothing to show for it except more borrowing and more corruption.

And what is Tinubu doing currently? Gas is now 2000, petrol is 1000plus,food and house rent on the rise everyday, no jobs, nothing. Just tax, tax, tax. Upon all the taxes and subsidy removal, there is no significant changes. The worst president by far.

Misterone:
Stupid poll! Obi should end hardship how? How is he going to do it? Explain to us! You guys think we've forgotten that he was once a governor and he did nothing in Anambra state. Rubbish.

Reference:
Just the summary of everything.
Thank you for deep thinking like this.
These additional taxes are nothing but inflationary.
They look at only one side

Yes it will increase GDP by 4.6 percent but what will inflation do to that projected GDP rise.... draw it down again. At the end nothing is achieved, government revenue receipts will still remain poor as people further cut their expenses on even these basic services.

And you are absolutely correct.
Telecoms have been a massive subsidy for high transportation costs. People are increasingly substituting physical appearances for meetings, social events, educational programs, etc; with communication driven technology.

I was speaking with an interstate transporter a couple of weeks ago who intends to return his vehicle and free himself from the operate to purchase contract because he just cannot meet up. Passenger numbers are drastically down due to the two evils of inflation and insecurity.

I just do not understand why the government cannot put the horse before the cart AND PRIORITIZE WHAT WILL raise personal and business income levels. What will make for productivity rather than killing it.

It is a terrible vicious cycle. The more people are put out of work and the more business fold up, the more consumption falls. And with all that, the less taxes revenues will be realized by government. Meaning they will have to keep on raising and raising and raising rates just to maintain a certain collection.

That is classic stagflation. And it is a terrible place for an economy to be in.

Absolutely. The real issue is not whether government needs more revenue, but whether citizens can absorb more taxes without worsening the cost-of-living crisis. Fuel and telecommunications are no longer luxury items; they are essential drivers of economic activity.
Taxing them further risks fueling inflation, increasing business costs, and placing additional pressure on households already struggling with high prices.

The headline, the poll, the content, IMF, loans and the Tinubu...

Make I just deh look all of una first...