₦airaland Forum

Reference:
So Mr. World Bank.
Where is this revenue going to come from.

Taxes!! And more taxes. That's what they're hinting at.

so tinubooo should continue borrowing for us to pay in tarriff and taxes, God help us

Judemarco31:
So Mr World Bank, who then is this highly corrupt and irresponsible administration going to tax in order to increase the revenue, are they going to tax poverty, farmers that can't go their farms because of insecurity, businesses that couldn't survive because unfavorable environment?

The problem is lack of accountability.

Why won't there be liw revenue when there's no production ? Even the remaining SMEs are struggling to survive in this Tinubu's failed economy

NIGERIA HAS A SPENDING PROBLEM

Racoon:
What remains now is to goad the govt to start taxing people to breath air, eat good food or even live in any way possible. Wicked souls!

The govt is not just taxing people.

It is opening up new revenue opportunities, such as for instance, aggressively exploring mineral resource income, building the gas pipeline to Europe that could double or even triple our annual budget of $40 billion.

Compare that budget to USA (pop. 320 million) annual budget of $8 Trillion, and you'll know why we need to raise revenue.

What is your state doing?

Don't you have plans to increase your IGR because that's part of it as well...

😂 Advising Tinubu to task us more. Oya, kuma Kee us 😂

I have always maintained that one of the problem Nigeria have is IMF. Always dictating what will bring more hardship to the masses. They have never query all the successive government on how to cut unnecessary spending and corruption.

Nigeria has high revenue believe me. It's just tbat it is sucked away into either thin air, swallowed by snakes,l washed by flooding, in liquidated banks, used to finance the luxurious and flamboyant lifestyle of exe legis jud mins gov et al. The country needs a total overhaul. It's time for Nigeria Youths to arise and save this country else even your children's children will not be alive. Corruption breeds terrorism

we have met revenue target.

toyeoye:
NIGERIA HAS A SPENDING PROBLEM

BS.

Nigeria (pop. 250 million)

Annual budget: $40 billion.


UK (pop. 65 million)
Annual budget: $2 TRILLION

Germany, France also have annual budgets exceeding $2 TRILLION.

USA: $8 TRILLION.


South Africa: (pop. 60 million)

Annual budget: $130 billion

..........


CONCLUSION: Nigeria's Number 1 priority is to keep diversifying its economy away from oil, to raise national revenues.

Even if the country was ruled by SAINTS, it would still struggle to develop.

The loans taken are ABSOLUTELY NECESSARY.

You can't develop a country of Nigeria's size with a $40 billion budget.

That $40 billion is what the state of California is using to rehabilitate one of its rail corridors.

Low revenue plus diverted revenue

seunmsg:
I have said this severally but very ignorant folks attacked me. Now that it is coming from World bank, I hope they get better understanding. Even without corruption, Nigeria cannot develop to become a first world country with our very ridiculously low budget that we can't even fund. Since 2024, we have been unable to fund our annual Federal Government budget.

To make maters worse, Nigerians want a freebies socialist government. They want free education, free electricity, free healthcare, heavily subsidized PMS, subsidized exchange rate, excellent public infrastructure that are free to use, and very low taxes. So, who pays for all these?

On average, we pump about 1.4 million barrels of crude oil daily. After removing cost of production, 50% goes to the oil company and FG goes to the Federation Account. We then share to all 774 LGA's, 36 states and FG. With 220 million people to provide for, what is left?

Any presidential candidate that is serious and truthful must present a realistic plan on how to increase the Federation Account annual inflow to at least $100 BILLION in the next four years. If not, then absolutely nothing will change.

Is didn't bother to read your rubbish after "I have said it severally".

You said it "severally" because your agbado brother is the president, or your yeye APC is in power? Did you say it "severally" during Goodluck Jonathan's administration?

Nonsense people. Make una continue. We would neither forgive nor forget.

Na una dey encourage this Tinubu

World bank and imf are some of the major problems of this nation. What of the money being stolen? Revenue kpai una dia

And Nigeria weak revenue mobilisation is primarily due to lack of prudency, wastages leakages in the system and stealing.

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

What sort of mad lies are these?
Revenue is low?
I swear this Agbado sifu is a curse str8 from the pits of hell
In no other era would world bank have the chance to spew such garbage
Smh

And if you are down with that Agbado sifu and his Akara clique
Fu toooo

Advancedman:
Low revenue plus diverted revenue

Revenue is diverted in every country on EARTH.

The difference is that the revenues are so large that there's enough to develop the country and keep everyone reasonably happy even when some people are chopping money behind the scenes.

If you know the kind of money American generals are chopping with that their trillion-dollar defence budget, you will weep for that country.

See what Iran did to them?

Trump alone is diverting billions of dollars as we speak.

But the country makes so much money that nobody cares.

Kushites:
BS.

Nigeria (pop. 250 million)

Annual budget: $40 billion.


UK (pop. 65 million)
Annual budget: $2 TRILLION

Germany, France also have annual budgets exceeding $2 TRILLION.

USA: $8 TRILLION.


South Africa: (pop. 60 million)

Annual budget: $130 billion

..........


CONCLUSION: Nigeria's Number 1 priority is to keep diversifying its economy away from oil, to raise national revenues.

Even if the country was ruled by SAINTS, it would still struggle to develop.

The loans taken are ABSOLUTELY NECESSARY.

You can't develop a country of Nigeria's size with a $40 billion budget.

That $40 billion is what the state of California is using to rehabilitate one of its rail corridors.

BS

Imagine a family earning ₦500,000 a month.

If YOU, the father, complains that the family is poor, but half the money disappears before it gets home, another large chunk is spent on luxuries, and very little is left for food, school fees, or healthcare, would the solution simply be to earn more?

Of course not.

The first question would be: where is the money going?

That's the issue with Nigeria.

We are often told the country has a revenue problem. But there are repeated allegations of corruption, waste, inflated contracts, patronage, and poor spending choices. One former agency head even alleged that he paid millions for his appointment and was later asked to hand over 48% of his agency's startup funds.

Then look at the results. Countries such as Ghana, Zambia, Malawi, and Zimbabwe, which also face debt challenges, still devote more of their available resources to health and education than Nigeria does.

So the question is not only how much money Nigeria makes. The bigger question is how the money is being used.

Pouring more water into a bucket full of holes doesn't solve the problem. You fix the holes first.

Until Nigeria tackles waste, corruption, and poor priorities, simply increasing revenue will not automatically lead to better schools, better hospitals, or better public services. The problem is not just how much comes in, it's what happens after it comes in.

seunmsg:
I have said this severally but very ignorant folks attacked me. Now that it is coming from World bank, I hope they get better understanding. Even without corruption, Nigeria cannot develop to become a first world country with our very ridiculously low budget that we can't even fund. Since 2024, we have been unable to fund our annual Federal Government budget.

To make maters worse, Nigerians want a freebies socialist government. They want free education, free electricity, free healthcare, heavily subsidized PMS, subsidized exchange rate, excellent public infrastructure that are free to use, and very low taxes. So, who pays for all these?

On average, we pump about 1.4 million barrels of crude oil daily. After removing cost of production, 50% goes to the oil company and FG goes to the Federation Account. We then share to all 774 LGA's, 36 states and FG. With 220 million people to provide for, what is left?

Any presidential candidate that is serious and truthful must present a realistic plan on how to increase the Federation Account annual inflow to at least $100 BILLION in the next four years. If not, then absolutely nothing will change.

The problem with these lies you just posted is that so many people who survived SAP,Abacha stoves and NLC strikes still had reasonable incomes,saw the middle class bounce back and also saw Yaradua and GEJ run a progressive country
Apcheat on the other hand has brought nothing but sorrow,pain and multidimensional poverty on the land.
Take your propaganda laden epistle elsewhere
Nonsense

toyeoye:
BS

Imagine a family earning ₦500,000 a month.

If YOU, the father, complains that the family is poor, but half the money disappears before it gets home, another large chunk is spent on luxuries, and very little is left for food, school fees, or healthcare, would the solution simply be to earn more?

Of course not.

The first question would be: where is the money going?

That's the issue with Nigeria.

We are often told the country has a revenue problem. But there are repeated allegations of corruption, waste, inflated contracts, patronage, and poor spending choices. One former agency head even alleged that he paid millions for his appointment and was later asked to hand over 48% of his agency's startup funds.

Then look at the results. Countries such as Ghana, Zambia, Malawi, and Zimbabwe, which also face debt challenges, still devote more of their available resources to health and education than Nigeria does.

So the question is not only how much money Nigeria makes. The bigger question is how the money is being used.

Pouring more water into a bucket full of holes doesn't solve the problem. You fix the holes first.

Until Nigeria tackles waste, corruption, and poor priorities, simply increasing revenue will not automatically lead to better schools, better hospitals, or better public services. The problem is not just how much comes in, it's what happens after it comes in.

Stop quoting AI generated nonsense.

Answer with your own head.

Did your AI tell you what PERCENTAGE of revenue is stolen or misappropriated?

The worst estimates put it at 30% of annual revenue.

So which is better - crying uselessly about corruption, or raising revenues so the impact of corruption is less felt?

WHICH IS BETTER:

A $40 billion budget reduced by corruption to $30 billion.

Or a $150 billion budget reduced by corruption to $110 billion?

Crazy people!!!

Advocate of taxes & hardship. What's difficult to see that corruption is the reason for borrowing. Resources are embezzled and we resort to borrowing, even the debt itself is stolen. Maybe recovered in the future by another rogue AGF and re- looted again.

Absolutely, a serious revenue problem.

The average corrupt Nigerian is only screaming debt and loan because they feel they can not benefit from the corruption.

A village chief cornering half bag of rice out of 1 full bag of rice meant to feed 20,000 community members. The village chief are the politicians and top civil servants. 20,000 comm. Members are the rest of Nigerians

We all know no how 1 bag of rice can conveniently feed 20,000 people.

Ask those Governors too. The sold called trips on wooing investors, what have they achieved?

Some zombies do not agree.
Tinubu is fixing it.

World Bank should hide in shame for preferring to sound politically correct over the lives of over millions of nigerians hanging in the balance due to hunger. Nigeria does not have poor revenue. The people in govt siphon all the money. Look bribery scandal of Gbajabiamila. That is how all of them in this govt are, from the toppest top down.

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

Had it been i no go school I for believe this world rag. Oh you knew they have low revenue yet the little revenue you said we earn you guys then tied it to debt recovery measure, abeg getat. Nigeria have enough revenue than europe combine

seunmsg:
I have said this severally but very ignorant folks attacked me. Now that it is coming from World bank, I hope they get better understanding. Even without corruption, Nigeria cannot develop to become a first world country with our very ridiculously low budget that we can't even fund. Since 2024, we have been unable to fund our annual Federal Government budget.

To make maters worse, Nigerians want a freebies socialist government. They want free education, free electricity, free healthcare, heavily subsidized PMS, subsidized exchange rate, excellent public infrastructure that are free to use, and very low taxes. So, who pays for all these?

On average, we pump about 1.4 million barrels of crude oil daily. After removing cost of production, 50% goes to the oil company and FG goes to the Federation Account. We then share to all 774 LGA's, 36 states and FG. With 220 million people to provide for, what is left?

Any presidential candidate that is serious and truthful must present a realistic plan on how to increase the Federation Account annual inflow to at least $100 BILLION in the next four years. If not, then absolutely nothing will change.

Thanks God you said since 2024 to fund budget has become issues
why not ask your OGA how manage

Don't know what's running on this people head advising this corrupt government to continue taxing us till death.

They should ask UK, China, Dubai and other European how they are running their economy without huge natural resources like us.
Transportation sector as case study, Transportation sector was handed over to an individual to collect levy and give token anything bargaining back to government and later they lavish the remaining money overseas with their OS.
Mineral resources nko? A lot to be mentioned.

They should kukuma tell the wicked government to tax the air we breath nah

We don't need any advise from the world bank, in fact the world bank should stop lending money to the Nigeria government and tell the government to fix their refineries, harness the solid minerals resources, stop looting and stop taxing the the poor citizens,