₦airaland Forum

I have been curious about the statement common to Nigeria political office holders whenever they are opportune to speak on economic matter. The latest being "ASUU understand that we only sell 2.2M barrels of oil daily at $35/barrel" (Emeka Nwajiuba, 2020).
I am aware I pay tax on items I am purchasing in market so also for the phone calls I make nowadays. Which purse does this money goes? Is government saying the money they are getting from taxing organizations and other MDAs like custom is so insignificant that we only rely on oil money or am I the one making wrong assertion?
Pls I need more enlightenment on how FG especially gets income aside oil. Thank you

Ask the lazy elders

dhope:
Pls I need more enlightenment on how FG especially gets income aside oil. Thank you

I made a thread on it awhile back. Oil is the main source of income then corprate taxes, VAT, then customs and excises. Here are some charts from the CBN.

https://www.nairaland.com/5802935/nigerias-growing-debt-revenue-problem

Lazy afonjas have refused to go back to cocoa farming

Since slavery ended officially in 1938 in northern Nigeria, they have refused to bring back groundnut pyramids.

Only ND oil is feeding these ingrates in Niggeria.

12Monkeys:
Lazy afonjas have refused to go back to cocoa farming

Since slavery ended officially in 1938 in northern Nigeria, they have refused to bring back groundnut pyramids.

Only ND oil is feeding these ingrates in Niggeria.

what about cursed igbos?

kingsavage:
what about cursed igbos?

Ask them .

Abi you dey fear to ask them?

Meanwhile, if we reintroduce slave trade in afonjas or expand their lucrative organ harvesting trade we could see a 2% uptick in revenue .

12Monkeys:
Ask them .

Abi you dey fear to ask them?

Meanwhile, if we reintroduce slave trade in afonjas or expand their lucrative organ harvesting trade we could see a 2% uptick in revenue .

idiotic igbo man

kingsavage:
idiotic igbo man

Yaribanza slave , I am no heebo

12Monkeys:
Yaribanza slave , I am no heebo

cursed igbo man

12Monkeys:
Lazy afonjas have refused to go back to cocoa farming

Since slavery ended officially in 1938 in northern Nigeria, they have refused to bring back groundnut pyramids.

Only ND oil is feeding these ingrates in Niggeria.

The bulk of the non-oil revenues comes from the South West. Given the fact that's from taxes from what they work for,in comparison to oil which the ND does no work for,then they're simply the most productive of the region's.
And of course,the South East is useless.