₦airaland Forum

BlackTechnology:
OK

But my view is boom the economy first before taxing the economy.

Nigeria is full of poor people and struggling businesses.


High taxation was a major reason behind the fall of Roman Russia etc empires.



Even pazienza view of cutting down cost of government is more better than taxation.

Cutting down the cost of government from what to what? The fed recurrent budget is about N3.3T, less than $20B. How much are you going to save from that. Talk is cheap, people need to put numbers on the table. The politicians we hate so much in Abuja spend about N160B on themselves and their almost 6,000 staff members. Is that where we see all this savings?

Waiting for what you call an economy boom is going to be, an endless wait, because its never going to come. You cannot get something from nothing.

Nigeria has no fiscal policy, because we don't have a tax base, we operate a policy based on how much oil sells for at that moment. Yet we have $520B GDP with a per capital income of $3000. What and who, are we expecting to provide the average of $30B, we need yearly, just to catch up, with our infrastructural demands Maybe we need a boom before we can fund this kinds of project.

pazienza:
Anybody who speaks of increase in taxation as the solution to our current budget deficeit, is insincere, unpatroitic,wicked and anti people.

The first solution to our problem, is to reduce the cost of governance, when we have done this, then we can re visit our taxation policy, which i agree has to change. But you don't put the cart( Tax) before the horse(reduction in cost of governance).


Dalu kwanu.

Spot on

atlwireles:
Cutting down the cost of government from what to what? The fed recurrent budget is about N3.3T, less than $20B. How much are you going to save from that. Talk is cheap, people need to put numbers on the table. The politicians we hate so much in Abuja spend about N160B on themselves and their almost 6,000 staff members. Is that where we see all this savings?

Waiting for what you call an economy boom is going to be, an endless wait, because its never going to come. You cannot get something from nothing.

Nigeria has no fiscal policy, because we don't have a tax base, we operate a policy based on how much oil sells for at that moment. Yet we have $520B GDP with a per capital income of $3000. What and who, are we expecting to provide the average of $30B, we need yearly, just to catch up, with our infrastructural demands Maybe we need a boom before we can fund this kinds of project.

Nigeria government is one of the most expensive government in the world.

I might be wrong but it is rumoured that our senators earn more than US president.


If we cut salaries and eradicate duplication of responsibilities, we might cut our recurrent expenditure from #3.3tr to #2.3tr saving at least #1tr every year for investment into processed agriculture/natural resources and manufacturing businesses to achieve the things I stated in my other post.


Solutions are

1) Reinvest some of our oil wealth

2) Cut down cost of government and reinvest the saved money.

BlackTechnology:
Nigeria government is one of the most expensive government in the world.

I might be wrong but it is rumoured that our senators earn more than US president.


If we cut salaries and eradicate duplication of responsibilities, we might cut our recurrent expenditure from #3.3tr to #2.3tr saving at least #1tr every year for investment into processed agriculture/natural resources and manufacturing businesses to achieve the things I stated in my other post.

The politicians spend about N160B covering their salaries and staff cost. The defense sector about 1 trillion and is only going to get higher. Your petrol subsides about another N800B. Then your thousands of civil services workers, is that where you are going to cut?

We are not serious about development yet, when that time comes, Nigeria and states will do the needful.

http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

atlwireles:
The politicians spend about N160B covering their salaries and staff cost. The defense sector about 1 trillion and is only going to get higher. Your petrol subsides about another N800B. Then your thousands of civil services workers, is that where you are going to cut?

We are not serious about development yet, when that time comes, Nigeria and states will do the needful.

Thanks for bringing up these facts

What can we do

1) Cut down size of government which will lead to a nose dive from #160b to less.

2) Support indigenous military technology which will cut down defense from #1tr to less.

3) Remove subsidy completely which will free up #800 b


Add #800b to whatever we can save from political expenses and defence, the money we will get is enough to boom the economy before taxing the economy if we invest basically into processed agriculture/natural resources and manufacturing businesses to achieve the things I stated in my other post.

kmariko:
That's exactly the point. Western ,African and Asian cultures are different. What the west call corruption in say our cultural setting e.g Dash is Tip in there's or omiage in some Asian countries but all have different connotations. We should not have used the western institutional ideas as a template for ours as theirs evolved from their cultural way of living. Japan evolved through their cultural lifestyle.
We are not and have no relationship with Western culture besides their historical imposition.
Still that political structural deficit we have and the attendant problems is reliance and use of Western political culture.

Nigeria doesn't have a single cultural lifestyle. This is very evident with different tribes in the country. An igbo man will not be comfortable having a Sultan in Sokoto as the ruler. ..I hope you understand what I mean

BlackTechnology:
You have a point

But

Rather than waste our time fighting corruption, we should spend our time fighting to establish the right structures needed to curtail corruption.


Men will always be who they are but structures will cut their evil wings

That can only work when you have a President with balls.
that can execute such good policies not minding the ripples it generates in the system.

conyema12:
Nigeria doesn't have a single cultural lifestyle. This is very evident with different tribes in the country. An igbo man will not be comfortable having a Sultan in Sokoto as the ruler. ..I hope you understand what I mean

The exact reason why Nigeria is bound to fail. Nigeria is not a nation, it's a conglomerate of divergent nations, with each of the nations pulling at different direction, cancelling each other's motion and producing a stagnant country. It's a tower of Babel 2.0.

conyema12:
Nigeria doesn't have a single cultural lifestyle. This is very evident with different tribes in the country. An igbo man will not be comfortable having a Sultan in Sokoto as the ruler. ..I hope you understand what I mean

Allowing the states to chose their local governments would provide an avenue where friction between differing cultures can be and will be ameliorated. Here states will create local government or governance according to the prevailing cultural values in that area. The created local governments will be left to their own device on how they run their lives.

kmariko:
Allowing the states to chose their local governments would provide an avenue where friction between differing cultures can be and will be ameliorated. Here states will create local government or governance according to the prevailing cultural values in that area. The created local governments will be left to their own device on how they run their lives.

Good point

kmariko:
Allowing the states to chose their local governments would provide an avenue where friction between differing cultures can be and will be ameliorated. Here states will create local government or governance according to the prevailing cultural values in that area. The created local governments will be left to their own device on how they run their lives.

Yes...you're making a point. I think these are some of the issues that were raised by the national conference, however I don't know if they were addressed.