ChimaAdeoye:
How fraudulently talented Nigerians are in twisting information is spectacular!

if you didn't know how VAT works, you would think these states volunteered their IGR to share with the rest of the country.

In reality, they were only points of entry as seaports or International airports of the federal government. Whereby most of the cleared goods are transported for use in other parts of the country where consumers actually pay the real cost for the good!

danietohbadt:


Na aboki con dey live for the 5 igbo states?

Is it only the North/South West that's living in these places mentioned

MasterKernel:


Sorry if I may ask, how much does Lagos generate internal per year? How come anytime crude sales stale, Nigeria economy and Lagos inclusive in red?

YorubaHero12:


See for 2018 below.

jumper524:
We go soon realise say rivers dey overrated.
Make jungle mature first..

MasterKernel:


Sorry if I may ask, how much does Lagos generate internal per year? How come anytime crude sales stale, Nigeria economy and Lagos inclusive in red?

GamalNasser:
Stop spewing ignorance..VAT is an end user tax and is actually borne by the last user or consumer of a vatable product or service , so trying to attribute VAT collected at entry point doesnt make sense , for example Lagos being the primary entry point of most goods into Nigeria will erroneously claim to contribute the highest tax but while in reality people in yobe ,zamfara or abakiliki who end up being the last user of an import actually bore part of the VAT charge ..

Wiseandtrue:

Is it only the North/South West that's living in these places mentioned

Wiseandtrue:

Is it only the North/South West that's living in these places mentioned

Simplyleo:
Lol.

The report says 5 states account for 87% VAT in Nigeria. The states are Lagos (55%), Rivers and Kano 6% and 5% respectively. FCT came a distant 2^nd with 20% while Kaduna was a much more distant 3^rd with just 1%.

Having said that, even a blind, deaf and dumb man knows Ogun, Oyo, Ondo, Benue, Niger, Kwara, Cross Rivers and Edo states account for about 10 out of the 13% balance.

Now, let's assume the remaining 23 states contribute equally to the 3% balance, even though we all know Borno is slightly higher than Ebonyi while Osun beats Anambra and imo states combined. But to avoid argument, let's just assume all contribute equally.

Dividing the 3 into 26 places gives 0.12% per state. Multiplying this by 5 equals 0.57%.

So some 5 worthless undeveloped villages contribute just 0.57% VAT to the national purse (far less than what only Kaduna with the least contributes). Ironically, they claim to be the richest in Nigeria. Smh.

No wonder Lagos na obodo oyibo to some people.

GamalNasser:


You are too dull to process what I am about to write so chill

YorubaHero12:


Although this news is 2017 so it’s old but I have an observation.

What exactly are the Igbos contributing to the National purse? Na then Dey first abuse the Northerners as leeches but yet Kano is contributing more VAT than any all SE state[b]s[/b].

Agriculture Export too also showed that the SW and the North are the largest earners for foreign trade for Nigeria. Sesame seed and cocoa are the two largest cash crops Nigeria export.

The SS majorly contribute the oil money for all the zones. Infact Ondo produce more oil than Imo and Abia combined. So don’t even mention Oil that can’t fill a cup as their contribution.

What exactly is the contribution of those 5 SE states to the National purse.

GamalNasser:
Stop spewing ignorance..VAT is an end user tax and is actually borne by the last user or consumer of a vatable product or service , so trying to attribute VAT collected at entry point doesnt make sense , for example Lagos being the primary entry point of most goods into Nigeria will erroneously claim to contribute the highest tax but while in reality people in yobe ,zamfara or abakiliki who end up being the last user of an import actually bore part of the VAT charge ..

YorubaHero12:


See for 2018 below.

Wiseandtrue:

Majority of the Igbos\other tribes are living there and they pay their taxes there as well



Many of these companies are own or managed by the South!!!

An average Igbo man built businesses outside it real domain

Rochas Okorocha for instance has businesses in Imo, and Abuja.

That's how many of them are

They don't just call themselves developer

It's a fact, Go and check

farem:


Noise!

GamalNasser:
Stop spewing ignorance..VAT is an end user tax and is actually borne by the last user or consumer of a vatable product or service , so trying to attribute VAT collected at entry point doesnt make sense , for example Lagos being the primary entry point of most goods into Nigeria will erroneously claim to contribute the highest tax but while in reality people in yobe ,zamfara or abakiliki who end up being the last user of an import actually bore part of the VAT charge ..

ChimaAdeoye:
How fraudulently talented Nigerians are in twisting information is spectacular!

if you didn't know how VAT works, you would think these states volunteered their IGR to share with the rest of the country.

In reality, they were only points of entry as seaports or International airports of the federal government. Whereby most of the cleared goods are transported for use in other parts of the country where consumers actually pay the real cost for the good!

seunmsg:




These ones don’t even know the difference between VAT and custom duty. They just jump on every thread and spew nonsense.

Simplyleo:
Lol.

The report says 5 states account for 87% VAT in Nigeria. The states are Lagos (55%), Rivers and Kano 6% and 5% respectively. FCT came a distant 2^nd with 20% while Kaduna was a much more distant 3^rd with just 1%.

Having said that, even a blind, deaf and dumb man knows Ogun, Oyo, Ondo, Benue, Niger, Kwara, Cross Rivers and Edo states account for about 10 out of the 13% balance.

Now, let's assume the remaining 23 states contribute equally to the 3% balance, even though we all know Borno is slightly higher than Ebonyi while Osun beats Anambra and imo states combined. But to avoid argument, let's just assume all contribute equally.

Dividing the 3 into 26 places gives 0.12% per state. Multiplying this by 5 equals 0.57%.

So some 5 worthless undeveloped villages contribute just 0.57% VAT to the national purse (far less than what only Kaduna with the least contributes). Ironically, they claim to be the richest in Nigeria. Smh.

No wonder Lagos na obodo oyibo to some people.

seunmsg:




These ones don’t even know the difference between VAT and custom duty. They just jump on every thread and spew nonsense.

kynbasil01:
your stupidity is out of this world, you don't even know the meaning of VAT.....Stop spewing ignorance..VAT is an end user tax and is actually borne by the last user or consumer of a vatable product or service , so trying to attribute VAT collected at entry point doesnt make sense , for example Lagos being the primary entry point of most goods into Nigeria will erroneously claim to contribute the highest tax but while in reality people in yobe ,zamfara or abakiliki who end up being the last user of an import actually bore part of the VAT charge ..

GamalNasser:


What has custom duty got to with this ? I do alot of business from Lagos where I send products to different part of Nigeria from the north to the south and I charge my clients VAT which i remit in Lagos but in reality the VAT was borne by people from those other places who are the last users , mind you I also have experience in accounting so I know the difference between VAT and duty . Learn to comprehend before you starts talking, I Know VAT inside out even deepr than people in the IRS

kynbasil01:
your stupidity is out of this world, you don't even know the meaning of VAT.....Stop spewing ignorance..VAT is an end user tax and is actually borne by the last user or consumer of a vatable product or service , so trying to attribute VAT collected at entry point doesnt make sense , for example Lagos being the primary entry point of most goods into Nigeria will erroneously claim to contribute the highest tax but while in reality people in yobe ,zamfara or abakiliki who end up being the last user of an import actually bore part of the VAT charge ..

seunmsg:


From you initial post, it’s obvious you’re really confused. If you import goods through Lagos ports, all you need to do is pay custom duties to clear them. Once your goods are cleared, you can move them to any part of Nigeria without paying VAT in Lagos.

The fact that 55% of VAT revenue are generated in Lagos has nothing to do with the seaport or airport. It is simply because Lagos is the commercial nerve center of Nigeria. Over 50% of all business transactions in Nigeria either originates from Lagos or ends in Lagos. Abuja is next simply because it is the federal capital and host of headquarters of almost all federal MDAs.

Stop the unnecessary hatred of Lagos. Lagos will continue to be the commercial headquarter of Nigeria whether there is seaport in the state or not.

seunmsg:




These ones don’t even know the difference between VAT and custom duty. They just jump on every thread and spew nonsense.

Simplyleo:
Lol.

The report says 5 states account for 87% VAT in Nigeria. The states are Lagos (55%), Rivers and Kano 6% and 5% respectively. FCT came a distant 2^nd with 20% while Kaduna was a much more distant 3^rd with just 1%.

Having said that, even a blind, deaf and dumb man knows Ogun, Oyo, Ondo, Benue, Niger, Kwara, Cross Rivers and Edo states account for about 10 out of the 13% balance.

Now, let's assume the remaining 23 states contribute equally to the 3% balance, even though we all know Borno is slightly higher than Ebonyi while Osun beats Anambra and imo states combined. But to avoid argument, let's just assume all contribute equally.

Dividing the 3 into 26 places gives 0.12% per state. Multiplying this by 5 equals 0.57%.

So some 5 worthless undeveloped villages contribute just 0.57% VAT to the national purse (far less than what only Kaduna with the least contributes). Ironically, they claim to be the richest in Nigeria. Smh.

No wonder Lagos na obodo oyibo to some people.

GamalNasser:


When people place orders for my products they are charged VAT right from the proforma invoice and when they pay I remit the VAT to the Tax authorities here in Lagos because but in reality the VAT was borne by the last user in some other state ...It's clear you have been living a subsidized life all your life , you have never paid any tax I suspect except maybe PAYE if you have proper job and not all these subsidized political aide job ..Have you ever ran a proper business before so?

YorubaHero12:


Are Kano and Kaduna also the seaport and international airport entries?

SE are parasites that contribute virtually nothing to the National purse. Oil nothing (just few cups in Imo and Abia), Agricuture (Nothing spectaculat), economy (Nothing), nothing nothing.

Most of the SE folks doing well are domiciled in other regions. SE contributes nothing nothing!