₦airaland Forum

Gracealone:
Please convert it to USD so as to get the true position.

danduchi:
Why are we still borrowing money to finance budget and not pay workers salary?

aonag:
every nation borrows to fund budget... hear yourself.

alsudan:
These people must see all Nigerians as Zombies.

Oya Zombies come and masturbate on the imaginary 5.3 trillion naira generated by FIRS in 2018.

SalamRushdie:
The Buhari govt inherits a full bottle of coke then flushed 70 percent of it into the toilet and add water then claim it's a record ... For the records the 5.07 trillion naira recorded in 2012 under GEJ was equivalent to 38 billion US dollars while the 5.3 trillion naira the useless deceptive Buhari govt is celebrating is equivalent to just 14 billion dollars so in the real sense the FIR revenue has infact reduced in value by about 60 percent ..lets face the fact Nigeria is only moving backwards under Buhari .

in fact to beat Jonathan's 2012 record the Buhari govt FIRs will have to declare 14 trillion Naira as collection figures because in todays Naira Jonathans 5.07 trillion Naira is equivalent to 13.8 trillion Naira in Buhari worthless Naira

omonnakoda:
You know him?

thunder74:
Where is the money? Our 2018 budget was 8.6 Trillion, we made 5.3 only from FIRS excluding proceed from oil and other incomes like ports etc. Why then do we borrowed more?

Sojicool:
U in Yorubaland: The Economic Backbone of Nigeria

Being a Lecture Delivered By
Adeyinka Grandson
President of the Young Yoruba for Freedom (YYF)
On the 30 December 2018
London, England
_________________________________________

The revenue of the Federal Government of Nigeria comes from the following seven major sources:

1. Nigeria National Petroleum Corporation (NNPC)

2. The Nigeria Customs Service (NCS)

3. The Federal Inland Revenue Service (FIRS). The taxes collected by FIRS include:

Corporate Income Tax
Education Tax
Information Technology Tax
Pension Contributions
Industrial Training Fund Contributions
National Housing Fund Contributions
Employees Compensation Scheme

Petroleum Profit Tax
Capital Gains Tax
Withholding Tax
Value Added Tax (VAT)
Stamp Duty
Luxury Tax

4. The Nigeria Ports Authority (NPA)

5. The Central Bank of Nigeria (CBN)

6. The Nigeria Maritime Administration and Safety Agency (NIMASA)

7. The Nigeria Liquefied Natural Gas (NLNG)

There are other minor sources of revenue for the Federal Government of Nigeria like Solid minerals, court fees and fines.
_________________________________________

1. Nigeria National Petroleum Corporation collects royalties, rents and penalties on oil products.

Annually, NNPC generates on the norm, about N3 trillion.

This information I'm giving is the fact: According to the NNPC records, Akwa-Ibom, Delta, Rivers, Bayelsa and Cross Rivers states produced 89% of all the crude oil in Nigeria.

Ondo and Edo states produced 10%.

Imo and Abia states produced less than 1% and Anambra state produced absolutely nothing.

This signifies that the South-South region contributes 80% of the NNPC earnings.

The Yoruba nation, including Ondo State plus Itsekiri, contributes the remaining 20% of the NNPC's earnings.

There is nothing significantly coming from the Igboland in terms of oil revenue.

There is no single contribution to the NNPC earnings from the:

Middle Belt's North-Central,
Hausa/Fulani's North-West
Kanuri's North-East.

But these three regions of the North, get the lion’s share from the NNPC earning.
_________________________________________

2. The Nigeria Customs Service (NCS), collects import and excise duties levied on cost, insurance and freight.

Yearly, the NCS generates on the average N2 trillion.

According to the Nigerian Bureau of Statistic with the agreement of the Nigeria Customs Service, the 11 Customs Command areas in Yorubaland generated 90% of the NCS revenue every year.

The Customs Commands across Yorubaland, include:

Apapa Command;
Tin-Can Command;
Lagos Airport Command;
Kirikiri Command;
Seme Command;
Tin-Can II Command;
Lagos Industrial Command;
Ogun Command;
Oyo/Osun Command;
Ondo/Ekiti Command;
Kwara/Kogi Command.

South-South region contributes the 5% of the NCS revenue.

There is no substantial contribution to the Nigeria Custom Service earnings from the:

South-East,
North-Central,
North-West
North-East.

But, in terms of revenue sharing, the three regions of the North combined together, get the lion’s share from the Nigeria Customs Service earning.
_________________________________________

3. The Federal Inland Revenue Service (FIRS), collects and administers taxes on behalf of the Federal Government.

Each year, the FIRS generates on the average, N8 trillion from:

Corporate Income Tax
Education Tax
Information Technology Tax
Pension Contributions
Industrial Training Fund Contributions
National Housing Fund Contributions
Employees Compensation Scheme

Petroleum Profit Tax
Capital Gains Tax
Withholding Tax
Value Added Tax (VAT)
Stamp Duty
Luxury Tax

According to the Nigerian Bureau of Statistic, 80% of the FIRS revenue comes from the Yorubaland.

The North, including the North-West, North-Central and North-East, contributes only 12% of the FIRS revenue.

The South-South (excluding the Itshekiri area), and the South-East, together, contribute the remaining 8%.

Here is how the Yorubaland generates 80% of t

SimplePlan34:
Wella

omonnakoda:
But why you talk say he stingy

SimplePlan34:
Yes he is

Sojicool:
U in Yorubaland: The Economic Backbone of Nigeria

Being a Lecture Delivered By
Adeyinka Grandson
President of the Young Yoruba for Freedom (YYF)
On the 30 December 2018
London, England
_________________________________________

The revenue of the Federal Government of Nigeria comes from the following seven major sources:

1. Nigeria National Petroleum Corporation (NNPC)

2. The Nigeria Customs Service (NCS)

3. The Federal Inland Revenue Service (FIRS). The taxes collected by FIRS include:

Corporate Income Tax
Education Tax
Information Technology Tax
Pension Contributions
Industrial Training Fund Contributions
National Housing Fund Contributions
Employees Compensation Scheme

Petroleum Profit Tax
Capital Gains Tax
Withholding Tax
Value Added Tax (VAT)
Stamp Duty
Luxury Tax

4. The Nigeria Ports Authority (NPA)

5. The Central Bank of Nigeria (CBN)

6. The Nigeria Maritime Administration and Safety Agency (NIMASA)

7. The Nigeria Liquefied Natural Gas (NLNG)

There are other minor sources of revenue for the Federal Government of Nigeria like Solid minerals, court fees and fines.
_________________________________________

1. Nigeria National Petroleum Corporation collects royalties, rents and penalties on oil products.

Annually, NNPC generates on the norm, about N3 trillion.

This information I'm giving is the fact: According to the NNPC records, Akwa-Ibom, Delta, Rivers, Bayelsa and Cross Rivers states produced 89% of all the crude oil in Nigeria.

Ondo and Edo states produced 10%.

Imo and Abia states produced less than 1% and Anambra state produced absolutely nothing.

This signifies that the South-South region contributes 80% of the NNPC earnings.

The Yoruba nation, including Ondo State plus Itsekiri, contributes the remaining 20% of the NNPC's earnings.

There is nothing significantly coming from the Igboland in terms of oil revenue.

There is no single contribution to the NNPC earnings from the:

Middle Belt's North-Central,
Hausa/Fulani's North-West
Kanuri's North-East.

But these three regions of the North, get the lion’s share from the NNPC earning.
_________________________________________

2. The Nigeria Customs Service (NCS), collects import and excise duties levied on cost, insurance and freight.

Yearly, the NCS generates on the average N2 trillion.

According to the Nigerian Bureau of Statistic with the agreement of the Nigeria Customs Service, the 11 Customs Command areas in Yorubaland generated 90% of the NCS revenue every year.

The Customs Commands across Yorubaland, include:

Apapa Command;
Tin-Can Command;
Lagos Airport Command;
Kirikiri Command;
Seme Command;
Tin-Can II Command;
Lagos Industrial Command;
Ogun Command;
Oyo/Osun Command;
Ondo/Ekiti Command;
Kwara/Kogi Command.

South-South region contributes the 5% of the NCS revenue.

There is no substantial contribution to the Nigeria Custom Service earnings from the:

South-East,
North-Central,
North-West
North-East.

But, in terms of revenue sharing, the three regions of the North combined together, get the lion’s share from the Nigeria Customs Service earning.
_________________________________________

3. The Federal Inland Revenue Service (FIRS), collects and administers taxes on behalf of the Federal Government.

Each year, the FIRS generates on the average, N8 trillion from:

Corporate Income Tax
Education Tax
Information Technology Tax
Pension Contributions
Industrial Training Fund Contributions
National Housing Fund Contributions
Employees Compensation Scheme

Petroleum Profit Tax
Capital Gains Tax
Withholding Tax
Value Added Tax (VAT)
Stamp Duty
Luxury Tax

According to the Nigerian Bureau of Statistic, 80% of the FIRS revenue comes from the Yorubaland.

The North, including the North-West, North-Central and North-East, contributes only 12% of the FIRS revenue.

The South-South (excluding the Itshekiri area), and the South-East, together, contribute the remaining 8%.

Here is how the Yorubaland generates 80% of t

SalamRushdie:
Bro learn to think and evaluate deep ..

The Buhari govt inherits a full bottle of coke then flushed 70 percent of it into the toilet and add water then claim it's a record ... For the records the 5.07 trillion Naira recorded in 2012 was equivalent to 38 billion US dollars while the 5.3 trillion Naira the useless deceptive Buhari govt is celebrating is equivalent to just 14 billion dollars so in the real sense the FIR revenue has intact reduced by about 60 percent ..lets face the fact Nigeria is only moving backwards under Buhari .

omonnakoda:
Hmm as in ...how? Doe he not look after his kids wife.....?

bigpicture001:
....wonders of TSA initiated by Dr. okonjo iweala ( pdp)

chocolatelady:
u will never appreciate the Government when u hear good news like this. Ur hero that was in charge in 2012 when the oil price was ok managed to realise 5trillion not to talk of now that the oil price has crash. Criticize convincingly. That u dont like PMB does not mean that u will not appreciate him when u hear good news. Had it been ur hero was serious, he would have realised up to 9trillion in that 2012.

SimplePlan34:
They have money u can phantom at their disposal he bought a 40m property for his daughter around 2015

thunder74:
Where is the money? Our 2018 budget was 8.6 Trillion, we made 5.3 only from FIRS excluding proceed from oil and other incomes like ports etc. Why then do we borrowed more?

chocolatelady:
u will never appreciate the Government when u hear good news like this. Ur hero that was in charge in 2012 when the oil price was ok managed to realise 5trillion not to talk of now that the oil price has crash. Criticize convincingly. That u dont like PMB does not mean that u will not appreciate him when u hear good news. Had it been ur hero was serious, he would have realised up to 9trillion in that 2012.

SalamRushdie:
The Buhari govt inherits a full bottle of coke then flushed 70 percent of it into the toilet and add water then claim it's a record ... For the records the 5.07 trillion naira recorded in 2012 under GEJ was equivalent to 38 billion US dollars while the 5.3 trillion naira the useless deceptive Buhari govt is celebrating is equivalent to just 14 billion dollars so in the real sense the FIR revenue has infact reduced in value by about 60 percent ..lets face the fact Nigeria is only moving backwards under Buhari .

in fact to beat Jonathan's 2012 record the Buhari govt FIRs will have to declare 14 trillion Naira as collection figures because in todays Naira Jonathans 5.07 trillion Naira is equivalent to 13.8 trillion Naira in Buhari worthless Naira

SalamRushdie:
The Buhari govt inherits a full bottle of coke then flushed 70 percent of it into the toilet and add water then claim it's a record ... For the records the 5.07 trillion naira recorded in 2012 under GEJ was equivalent to 38 billion US dollars while the 5.3 trillion naira the useless deceptive Buhari govt is celebrating is equivalent to just 14 billion dollars so in the real sense the FIR revenue has infact reduced in value by about 60 percent ..lets face the fact Nigeria is only moving backwards under Buhari .

in fact to beat Jonathan's 2012 record the Buhari govt FIRs will have to declare 14 trillion Naira as collection figures because in todays Naira Jonathans 5.07 trillion Naira is equivalent to 13.8 trillion Naira in Buhari worthless Naira

Jiang:
Oga do you work for STATE OR FEDERAL GOVERNMENT.

IF YES, ARE YOU PAID IN DOLLARS OR NAIRA or do you buy gari way you dey soak in $$$

I might not like APC, but atleast I commend them when they do achieve something. EVEN IF ITS $5.3trillion am very sure you will still find something to complain about

omonnakoda:
Wow!!
So how is he stingy? I am not understanding

yns4real:
https://www.thecable.ng/breaking-firs-breaks-all-time-record-generates-n5-3trn-in-2018