₦airaland Forum

The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, said the Federal Government had recovered about N30 billion from individuals and corporate establishments through the tax amnesty scheme during the unveiling of the VAIDS Declaration Certificate in Abuja at a Workshop organized for chairmen of States’ Inland Revenue Service.

According to him, 90% of the amount was collected by the Federal Inland Revenue Service (FIRS), while the remaining 10% was recovered by the States.

Fowler, who is also the Chairman of the Joint Tax Board, also stated that the national taxpayers’ database had increased from 14 million in 2016 to over 19 million in 2018.

He expressed optimism that the number would translate into a positive growth in the country’s Tax Revenue to GDP ratio.

He commended many States of the federation whom he said have achieved significant success in implementing the tax declaration policy, and urged the various tax administrators to adequately educate, enlighten and sensitize taxpayers to be fully alive to their tax obligations.

That Is Great But The Money Should Be Use Judiciously.

Deceive the zombies.

You did that, you did that, yet in 3 years you have borrowed 11 Trillion Naira against 6 Trillion PDP borrowed in 16 years.

EzeNri:
Deceive the zombies.

You did that, you did that, yet in 3 years you have borrowed 11 Trillion Naira against 6 Trillion PDP borrowed in 16 years.

get Sense Man. Give Cognizance To Time Value Of Money And Value For Money(VFM).

Abdul4trust1:
get Sense Man. Give Cognizance To Time Value Of Money And Value For Money(VFM).

Are you sure you know what Time Value of Money is?

Your party borrowed 11 Trn in 3 years, that is over 3.67 Trillion in a year while PDP's annual average is 0.38 Trillion and you are talking shi.t here.

EzeNri:
Are you sure you know what Time Value of Money is?

Your party borrowed 11 Trn in 3 years, that is over 3.67 Trillion in a year while PDP's annual average is 0.38 Trillion and you are talking shi.t here.

that Is Why I'm Telling You To Get Sense Na. Tell Me What Was Nigeria Annual Budget Then? Can You Buy Same Thing You Use To Buy #10 In 1999 With #10 Today? That Is Time Value Of Money I'm Talking About. Reflect On This And If You Need To Learn From Me On VFM, Let Me Know.

Abdul4trust1:
that Is Why I'm Telling You To Get Sense Na. Tell Me What Was Nigeria Annual Budget Then? Can You Buy Same Thing You Use To Buy #10 In 1999 With #10 Today? That Is Time Value Of Money I'm Talking About. Reflect On This And If You Need To Learn From Me On VFM, Let Me Know.

Are you sure you have sense? Sorry, you don't know what Time Value of Money (Present Value of Money).

Let me educate you, the PV of #1000 is less than #1000. It should be around #900+.

According to the concept of Time Value of money, a Naira today is worth more than a Naira tomorrow.
Those terms are purely financial investment jargons. That is my field.

You are confusin
g Inflation with Time Value.

PDP's annual borrowing averages 380 billion Naira while Buhari's annual borrowing averages 3, 670 billion (3 Trillion, 670 billion Naira).

This means under Buhari our annual borrowing increased by 10 times, that is about 1000%.

So Mr, how do you justify this rascality?

Did our inflation rate grew by 1000%?

Our annual GDP growth is far less than 10% yet Buhari increased our annual borrowings by 1000%.

So who is going to bear the burden of this rascality? Future governement, posterity and the South.

You people are failure and we waiting for you people at the campaign.

You will need more post humous award to win the 2019 election.

EzeNri:
Deceive the zombies.

You did that, you did that, yet in 3 years you have borrowed 11 Trillion Naira against 6 Trillion PDP borrowed in 16 years.

idiot Is There Any Time Nigeria Was In Recession For The 16 Years Of Pdp? Don't You Know That When Economy Is On Recession You Need To Borrow To Bail It Out? Why Are You Defending Pdp? Mumu Get Your Financial Analysis Right Before Posting Here Again.

Abdul4trust1:
idiot Is There Any Time Nigeria Was In Recession For The 16 Years Of Pdp? Don't You Know That When Economy Is On Recession You Need To Borrow To Bail It Out? Why Are You Defending Pdp? Mumu Get Your Financial Analysis Right Before Posting Here Again.

Your Lord took us to that recession.

1. That money is too much. When you borrow irresponsibly to fight recession, you are automatically setting the economy up for another future recession. Nigeria economy will plunge into another recession in the future if your Lord wins.

2. When you borrow to fight recession, what do you do with interest rate? You relax it.

But guess what your Lord did?

He increased it.

Thank God for Osinbanjo who took us out of recession when your Lord was on medical leave in London.

EzeNri:
Your Lord took us to that recession.

1. That money is too much. When you borrow irresponsibly to fight recession, you are automatically setting the economy up for another future recession. Nigeria economy will plunge into another recession in the future if your Lord wins.

2. When you borrow to fight recession, what do you do with interest rate? You relax it.

But guess what your Lord did?

He increased it.

Thank God for Osinbanjo who took us out of recession when your Lord was on medical leave in London.

to Be Honest With You, You Are Not A Financial Expert As You Claimed. For Say Buhari Lead Us To Recession. Is Buhari Responsible For Global Crash Of Oil Price Which Is Our Major Foreign Exchange Earner? Is It Buhari That Devalue The Naira In 2014 Even When We Were Importing About 90% Of Foreign Made Goods? Did Buhari Borrow To Finance Recurrent Expenditure(salaries) In The First Quarter Of 2015?

Abdul4trust1:
that Is Why I'm Telling You To Get Sense Na. Tell Me What Was Nigeria Annual Budget Then? Can You Buy Same Thing You Use To Buy #10 In 1999 With #10 Today? That Is Time Value Of Money I'm Talking About. Reflect On This And If You Need To Learn From Me On VFM, Let Me Know.

jargons

Abdul4trust1:
to Be Honest With You, You Are Not A Financial Expert As You Claimed. For Say Buhari Lead Us To Recession. Is Buhari Responsible For Global Crash Of Oil Price Which Is Our Major Foreign Exchange Earner? Is It Buhari That Devalue The Naira In 2014 Even When We Were Importing About 90% Of Foreign Made Goods? Did Buhari Borrow To Finance Recurrent Expenditure(salaries) In The First Quarter Of 2015?

Did I call myself a Financial Expert?

Was it the crash in oil that led us into the recession? You guys need to be schooled.

Oil started falling during the time of Jonathan and his sound economic team managed the situation without us feeling it.

It was his irresponsible talks that frightened investors to fled with their money, it was the hasty implementation of the TSA, it was his poor economic decisions.

He depleted our foreign reserve and sent panic into the system. In the bid to salvage his cluelessness he placed some restrictions on FX which led to ripples that crash the Naira.

Jonathan didn't devalue the Naira, he semi-floated the Naira. This policy made Naira the strongest currency in Ecowas.

Your Boss borrowed to pay debts, overdraw from CBN, how do you know he didn't borrow to service recurrent expenditure.


We shall know when he leaves office.

EzeNri:
Did I call myself a Financial Expert?

Was it the crash in oil that led us into the recession? You guys need to be schooled.

Oil started falling during the time of Jonathan and his sound economic team managed the situation without us feeling it.

It was his irresponsible talks that frightened investors to fled with their money, it was the hasty implementation of the TSA, it was his poor economic decisions.

He depleted our foreign reserve and sent panic into the system. In the bid to salvage his cluelessness he placed some restrictions on FX which led to ripples that crash the Naira.

Jonathan didn't devalue the Naira, he semi-floated the Naira. This policy made Naira the strongest currency in Ecowas.

Your Boss borrowed to pay debts, overdraw from CBN, how do you know he didn't borrow to service recurrent expenditure.


We shall know when he leaves office.

you Are Poor Student Of History If You Said Buhari Depleted Our Reserve.

Abdul4trust1:
you Are Poor Student Of History If You Said Buhari Depleted Our Reserve.

Sorry, it is my ancestors that depleted it.

EzeNri:
Sorry, it is my ancestors that depleted it.

that Is Why I Said You're Not A Good Student Of History. The Reserve Left By Obj And Yar'adua Was $67b. What Buhari Met Was About $23b Which He Was Able To Increased To $48b As It Stand. Please Get Your Fact Right Before Posting Anything Here Again.