₦airaland Forum

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 2017.

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 the Federal Inland Revenue taxes:

All companies registered in Nigeria paid a portion of their profits as:
Companies Income Tax (30%)
Education Tax (2%)
Information Technology Tax (1%)
Pension Contribution (18%)
National Housing Fund Contribution (2.5%)
Industrial Training Fund Contribution (1%)
Employee Compensation Scheme (1%)

According to the Corporate Affairs Commission (CAC), 85 percent of all companies registered in Nigeria are located within the Yorubaland.

Consequently, the Yoruba region of Nigeria is responsible for 85 percent of the Companies Income Tax, Education Tax, Information Technology Tax, Pension Contribution, National Housing Fund Contribution, Industrial Training Fund Contribution and Employee Compensation Scheme.

a. Companies Income Tax: Yorubaland is responsible for 85% of companies income tax paid to the Federal Government. But Yorubaland economy is not sustainable because the profit paid goes to finance economic growth and development in the North.

b. Education Tax: 2% of the profit of companies registered in Nigeria is paid as Education Tax. Since 85 percent of all registered companies in Nigeria are located in Yorubaland.
Yorubaland is therefore responsible for the payment of 85% of Education Tax collected by the Federal Government.

This revenue is enough to fund free and qualitative education for all Yoruba citizens and residents, but the money goes to the North to fund Hausa/Fulani Islamic education.

c. Information Technology Tax: is payable by specified companies with turnover of N100 million and above.
The companies include GSM service providers, and telecommunications companies, cyber companies and internet providers, pension managers and pension related companies, banks and other financial institutions, and insurance companies.
It is 1% of the profit of the companies. Since 85 percent of all registered companies are in Yorubaland according to the Corporate Affairs Commission (CAC), again, it is the Yoruba region that is responsible for 85% of Information Technology Tax in Nigeria.

But internet connectivity is very poor across Yorubaland and no free Wifi because the money paid by the Yoruba to improve its telecommunications goes to fund growth in the North.

d. Pension Contribution: all employers in the public sector and private employers that have 15 or more employees are required, under the Pension Reform Act 2014, to participate in a contributory pension scheme in favour of their employees.
18% of monthly emoluments is paid by employers as a pension contribution.

Again, 85% of the pension contribution is paid by the Yoruba region into the Federal Government coffer.

Retired Yoruba citizens cannot take their pension because their pension contributions fund growth and development in the North.

e. Industrial Training Fund Contribution: is applicable to employers with a minimum of 5 employees.

Employers pay 1% of the annual payroll cost to the industrial training fund contribution.

Again, 85 percent of the employers doing so are Yoruba. The Yoruba therefore contributes 85 percent of the industrial training fund contributions.

But Yoruba youth has no opportunities for industrial training programs because the money paid by the Yoruba goes to fund economic growth and development in the North.

f. National Housing Fund Contribution: is applicable to Nigerians employees earning a minimum of N3,000 per annum.

2.5 percent of basic salary is deducted and remitted to the Federal Mortgage Bank of Nigeria.

Again, 85 percent of the National Housing Fund Contribution is paid by the Yoruba region into the Federal Mortgage Bank of Nigeria, but most Yoruba people are sleeping rough or under the bridges because their money is building homes for the Hausa/Fulani.

g. Employee Compensation Scheme: is a levy on employees for any death, injury, disease or disability arising from or in the course of employment.

1% of employee total monthly payroll is paid into the Nigeria Social Insurance Trust Fund (NSITF).

The Yoruba contributes 85% of the funding of NSITF, but the fund benefits only the Hausa/Fulani and not the Yoruba workers who have suffered death, trauma, disease or disability arising from employment.

h. Petroleum Profit Tax: is levied on the income of companies engaged in upstream petroleum operation.

This is passed down to vehicle owners in Nigeria.

According to the Nigeria Bureau of Statistics, more than 65 percent of all registered vehicles in Nigeria are within Yorubaland.

Yorubaland is therefore responsible for the 65 percent of the Petroleum Profit Tax.

Once more, this does not benefit the Yoruba, but the Hausa/Fulani.

i. Capital Gains Tax: is applied on capital gains accruing to any person (company or individual) making a chargeable disposal of assets.

The tax rate is 10%, which is chargeable on assets, including options, debts and incorporeal property generally, any currency other than Nigeria currency, whatever form of property created by the person disposing it, goodwill, copyright, buildings, chattel etc.

The Yoruba region is responsible for 95 percent of the capital gains tax to the Federal Government.

Again, the beneficiary is the Hausa/Fulani.

j. Withholding Tax: is an advance payment of income tax deductible at source on specified transactions.

The tax applied on dividend, interest, rent, royalties, hire equipment, motor vehicles, plants and machinery, commission, consultancy, technical and management fees, legal fees, audit fees, and other professional fees, building and construction and connected activities, all types of contracts and agency arrangements.

The Yoruba is responsible for paying 90 percent of the Withholding Tax in Nigeria.

All the money goes to the Federal Government, benefiting the Hausa/Fulani.

k. Value Added Tax: VAT is chargeable on the supply of taxable goods and services except items specifically stated as exempt or zero-rated.

Standard rate is 5%.

Lagos State alone contributes more than 60% of VAT payment to the Federal Government.

The other Yoruba states, including Ogun, Osun, Oyo, Ondo, Ekiti, parts of Kwara, Kogi, Akoko-Edo and Itsekiri contribute 15% of the VAT.

The Yoruba alone contributes 75% of the VAT in Nigeria.

The money does not benefit the Yoruba, but the Hausa/Fulani.

l. Stamp Duty: is a tax on documents evidencing transactions between individual.

All official documents relating to an act to be performed in Nigeria must be stamped.

Unstamped documents are generally not admissible as evidence in civil proceedings.

90 percent of Stamp Duty paid in Nigeria comes through Yorubaland.

m. Luxury Tax: special levies have been introduced on luxury items since 2015.

The Yoruba people are yielding 60% of the tax on luxury items.
Yoruba region of Nigeria is responsible for 85 percent of Federal Inland Revenue tax collected on behalf of the Federal Government.

Only 12% of the Federal Inland Revenue Service earnings comes from the entire North, however, in terms of revenue sharing, the three regions from the North combined together, get the lion’s share from the FIRS earning.
_________________________________________
4. The Nigeria Ports Authority (NPA), collects fees paid by the concessionaire handling terminal operations in the ports, shipping and harbour dues and rent from its lands, among others.

Each year, the NPA generates on the average, N10 trillion from Apapa Wharf, Tin Can Port, Delta Ports, Calabar Ports, Rivers Ports and Onne Port.

According to the Nigerian Bureau of Statistic, 90% of the NPA revenue comes from the Yoruba ports and waterways.

The ports in the South-South region, brings forth the balance of 10% revenue of the Nigeria Ports Authority.

There is no single contribution of the Nigeria Ports Authority 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 Ports Authority earning.
_________________________________________
5. The Central Bank of Nigeria (CBN), earns interest (tax income), by keeping and trading the proceeds from NNPP oil revenue and Federal Inland Revenue Service incomes from taxes.

It also collects interests from investing foreign reserves, repatriation of unutilized WDAS, interests on WDAS Accounts held by Deposit Money Banks, Inward Money Transfer and WDAS Purchases.

Agreeing to the Nigerian Bureau of Statistic and Economic Initiatives, 60% of the CBN earnings comes from the Yorubaland because of the eight categories of receipts for the CBN out of the possible 15 sources of income come essentially from the Yorubaland:

a. Income from capital inflows that kept Nigeria foreign exchange in check.

According to the Nigeria Investment Promotion Commission (NIPC), 90% of foreign investors established their investments in Yorubaland.

b. Interest on WDAS Accounts held by Deposit Money Banks
CBN reports show that 75% of bank branches in Nigeria are located within Yorubaland.

c. Inward Money Transfer
According to the CBN records, 85% of money transfer from abroad comes through Yorubaland.

d. Value Added Tax
CBN reports show that Lagos State alone accounts for 60% of the VAT payment in Nigeria. The entire Yorubaland is responsible for the payment of 85% of the VAT collected in Nigeria.

e. FIRS income from Tax
Yoruba region is responsible for 85 percent of the Companies Income Tax, Education Tax, Information Technology Tax, Pension Contribution, National Housing Fund Contribution, Industrial Training Fund Contribution and Employee Compensation Scheme.

f. Commission, Repatriation of unutilized WDAS, and WDAS Purchases, are mainly carried out in Yorubaland.

The remaining 40% earnings of the CBN comes from the South-South region mainly because of the region’s proceeds of crude petroleum production and sales from:

a. Direct sales (NNPC)
b. Petroleum Profits Tax (Oil Companies)
c. Royalties
d. Penalty from Gas Flaring

There is no meaningful contribution of the Central Bank of Nigeria 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 CBN earnings.
_________________________________________
6. The Nigeria Maritime Administration and Safety Agency (NIMASA), collects three percent from all vessels coming to do business in the nation’s territorial waters.

Annually, NIMASA generates on the average, N100 billion from Apapa Wharf, Tin Can Port, Delta Ports, Calabar Ports, Rivers Ports and Onne Port.

According to the Nigerian Bureau of Statistic, 95% of NIMASA revenue comes from the Yoruba ports.

The ports in the South-South region, brings forth the balance of 5% revenue of the Nigeria Maritime Administration and Safety Agency.

There is no single contribution of the Nigeria Maritime Administration and Safety Agency 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 NIMASA’s earnings.
_________________________________________
7. The Nigeria Liquefied Natural Gas (NLNG), pays dividends and revenue on sales of feed gas.

Each year, the NLNG pays on the average N300 billion wholly from its Bonny Kingdom facilities in Rivers State.

Agreeing to the Nigerian Bureau of Statistic, 100% of the Nigeria Liquefied Natural Gas revenue comes from the South-South region.

There is no single contribution of the Nigeria Liquefied Natural Gas earnings from the:

South-West
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 NLNG earning.
_________________________________________
Summary of the contributions of the Yoruba, Hausa/Fulani and the Igbo to the revenue of the Federal Government:

1. NNPC Earnings:
80% of NNPC's revenue comes from the South-South.
20% of NNPC revenue comes from Yorubaland.
There is no contribution from the Hausa/Fulani and the Igbo to the NNPC earnings.
_________________________________________
2. NCS Earnings:
90% of NCS revenue comes from Yorubaland.
5% of NCS' revenue comes from South-South.
5% of NCS' revenue comes Hausa/Fulaniland.
_________________________________________
3. FIRS Earnings from taxes collected:
85% of Corporate Income Tax comes from Yorubaland.
85% of Education Tax comes from Yorubaland.
85% of Information Technology Tax comes from Yorubaland.
85% of Pension Contributions comes from Yorubaland.
85% of Industrial Training Fund Contributions comes from Yorubaland.
85% of National Housing Fund Contributions comes from Yorubaland.
85% of Employees Compensation Scheme comes from Yorubaland.
65% of Petroleum Profit Tax comes from Yorubaland.
95% of Capital Gains Tax comes from Yorubaland.
90% of Withholding Tax comes from Yorubaland.
75% of the Value Added Tax (VAT) comes from Yorubaland.
90% of Stamp Duty comes from Yorubaland.
60% of Luxury Tax comes from Yorubaland.
_________________________________________
4. NPA Earnings:
90% of the NPA revenue comes from the Yoruba ports and waterways.
10% of the NPA revenue comes from the ports in the South-South region.
There are no ports in Igboland and Hausa/Fulaniland.
_________________________________________
5. CBN Earnings:
60% of the CBN earnings comes from Yorubaland.
40% of the CBN earnings comes from the South-South region.
There is nothing coming from Igboland and Hausa/Fulaniland.
_________________________________________
6. NIMASA Earnings:
95% of NIMASA earnings comes from the ports in Yorubaland.
5% of NIMASA earnings comes from the ports in the South-South.
There are no ports in Igboland and Hausa/Fulaniland.
_________________________________________
7. NLNG Earnings:
100% of NLNG earnings comes from the South-South.
There is nothing from Yorubaland, Igboland and Hausa/Fulaniland.
_________________________________________
Solid Minerals:
There is revenue from Solid minerals, including Talc, Gypsum, Iron Ore, Lead/Zinc, Bentonite and Baryte, Gold, Bitumen, Coal, Rock Salt, Gemstones and Kaolin.

Only Gold, and Bitumen, both of which are set up mainly in Yorubaland have contributed essentially to the earning from Solid minerals. But these earnings are insignificant and I have not considered them in this lecture.

Also, I have not considered Personal Income Tax because it is not collected by the Federal Government.

Court fees and fines, licence fees and other revenues are too insignificant for this lecture.
_________________________________________
From the foregoing:
The Yoruba nation and her people contribute 49% of Nigeria's income.

The South-South region and her people contribute 44% of Nigeria's income.

The Hausa/Fulaniland contributes 2.5% of Nigeria's income.

The Middle Belt region contributes 2% to Nigeria's income.

The Igboland contributes 1.5% to Nigeria's income.

The Kanuriland contributes 1% to Nigeria's income.
_________________________________________
Please take note that the South-South region has six major ethnic nationalities, including:

1. Edo
2. Uhrobo
3. Itsekiri
4. Ijaw
5. Ogoni
6. Efik-Ibibio

All these nationalities save Itsekiri, contribute 44% of Nigeria's income.

The Itsekiri contribution has been added as part of Yoruba contributions because they are Yoruba.

There are Igbo communities in Delta and Rivers States, and their contributions have also been factored into the Igbo contributions.
_________________________________________
In summary, the Hausa/Fulani people are the most corrupt of the ethnic groups in Nigeria. Through the machination of self-serving career politicians in England, the Fulani held political power in Nigeria between 1960 and 2010, and since 2015.

They replaced the regional system that allows each region to control its wealth and resources with a unitary system that takes resources from the Yoruba and the South-South to fund the economic growth and development in the North while Yorubaland remains poor and underdeveloped.

Young Yoruba must come together and join forces with the Young Yoruba for Freedom to take over Yoruba’s ports and waterways from the control of the Fulani beginning from now and declare for Oduduwa Republic.

There is an urgent need for the Young Yoruba to form relationship with the white in America; the Russians; the Chinese and the Brazilians.

We are the generation we have been waiting for.

(C) The Young Yoruba for Freedom (YYF)

This one is sensational abeg you


According to the CBN records, 85% of money transfer from abroad comes through Yorubaland.


Also, some saying SouthSouth and Itskeri land. SW is SW, SS is SS


There is an almost too much of " yorubaness " in your communique though I stand with your objectives 100%. Yorubas aren't the only ones paying tax in wharf and seaports. Yorubas aren't the only ones paying information tech tax. Yorubas aren't only the ones with registered company and CAC registration details

Ewedu can really mess up brain function ...Edo and itshekiri is part of yoruba Nation But the igbo parts of Delta and Rivers are SS

I love seeing clowns � perform

This will continue until Yoruba see their enemies as enemies and not friend. They need to put some respect on our name!

Also no one respect a nice guy, no one respect a quiet tribe, others will spit and stomp on his dignity. Yoruba no one will respect you for being nice and sophisticated, they can only respect you when you are fearless and practice eye for an eye, pound for pound treatment.

Accommodation is a curse and not a blessing at all and being laid back have done us nothing but tears and disrepect to our people and culture.

I will continue to correct this wrong impression. igboland does not produce less than 1% of Nigeria oil. infact, after south south, south east is the second largest oil producing region in Nigeria. from the statistics below which shows the 13% derivation states received in 2019 from January to July 2019, it can be seen that south east received a total of 8.9bn while south west received 7.63bn. It is also worthy of note that anambra does not receive oil derivation does not necessarily mean that no oil production is taking place there. it is as a result of the disagreement on the ownership of just one oil block.

BEFORE YOU START ANYTHING .......CHANGE THE NAME "YORUBA/YARIBAA"

THAT NAME IS A "SLAVISH" NAME GIVEN TO YOU BE THE FULANI THAT CONQUERED YOUR ANCESTORS.

SO BEFORE YOU ARE TAKEN SERIOUS REBRAND...

CHEERS

SuperBold:
This will continue until Yoruba see their enemies as enemies and not friend. They need to put some respect on our name!

Also no one respect a nice guy, no one respect a quiet tribe, others will spit and stomp on his dignity. Yoruba no one will respect you for being nice and sophisticated, they can only respect you when you are fearless and practice eye for an eye, pound for pound treatment.

Accommodation is a curse and not a blessing at all and being laid back have done us nothing but tears and disrepect to our people and culture.

Juliusmalema:
85 percent and you still cling to Nigeria with all your lives..

You are free to leave if u a get 0.000% libido

there is still time[/b][/quote]Come and paint my mansion Osy Marshal aka Juliusmalema aka Mysteryshopper aka MelesZenawi aka Chino.

Fixey:
This one is sensational abeg you


According to the CBN records, 85% of money transfer from abroad comes through Yorubaland.


Also, some saying SouthSouth and Itskeri land. SW is SW, SS is SS


There is an almost too much of " yorubaness " in your communique though I stand with your objectives 100%. Yorubas aren't the only ones paying tax in wharf and seaports. Yorubas aren't the only ones paying information tech tax. Yorubas aren't only the ones with registered company and CAC registration details

But all the money were generated on Yoruba soil....if we did not create environment for economy to thrive...you won't be typing shit from Yoruba land today...nonsense.

Fixey:
This one is sensational abeg you


According to the CBN records, 85% of money transfer from abroad comes through Yorubaland.


Also, some saying SouthSouth and Itskeri land. SW is SW, SS is SS


There is an almost too much of " yorubaness " in your communique though I stand with your objectives 100%. Yorubas aren't the only ones paying tax in wharf and seaports. Yorubas aren't the only ones paying information tech tax. Yorubas aren't only the ones with registered company and CAC registration details

But all the money were generated on Yoruba soil....if we did not create environment for economy to thrive...you won't be typing shit from Yoruba land today...nonsense.

Vidsolution79:
But all the money were generated on Yoruba soil....if we did not create environment for economy to thrive...you won't be typing shit from Yoruba land today...nonsense.

Smh. As usual. Empty nitwits.who were the people playing politics so other regions didn't have operational sea ports for donkey years? And playing all kinds of similar politics.


I work and earn a living legitimately and it has everything to do with my intellectual capacity and none with yoruba identity

Vidsolution79:
But all the money were generated on Yoruba soil....if we did not create environment for economy to thrive...you won't be typing shit from Yoruba land today...nonsense.

Yoruba create economy. Smh. My dear wait for a post disintegrated Nigeria, you will see action


Good day

Akiara:
BEFORE YOU START ANYTHING .......CHANGE THE NAME "YORUBA/YARIBAA"

THAT NAME IS A "SLAVISH" NAME GIVEN TO YOU BE THE FULANI THAT CONQUERED YOUR ANCESTORS.

SO BEFORE YOU ARE TAKEN SERIOUS REBRAND...

CHEERS

Alawada, no body gives yorubas their name.

85% contribution and yet yoruba land is the world capital of brown roof and open defecation

Where do you guys compile these imaginary stats and why don't you guys quantify the naira amounts? If anyone's interested in where government revenue comes I have a thread on it.

Here's the 2019 stats since these are latest published by CBN.

A CHILD THAT DOESN'T WANT HIS MOTHER TO SLEEP WILL NEVER HAVE REST.

MACBAN HAS PULLED THE TRIGGER UNPROVOKED.

Let's discuss something else important.



I believe this is irrelevant as far as what's on ground is on ground.



Damn! How low can people still descend??

Imagine the rubbish epistle one lunatic sat down to write.
What an imbecilic and ignorant fool that Adeyinka Grandson or whatever he calls himself is.

This one is not fit to be a freedom fighter because is he is both ignorant, dull and timid.

Fixey:
Yoruba create economy. Smh. My dear wait for a post disintegrated Nigeria, you will see action


Good day

I just tire.
We all saw how their awawa and one million gang boys nearly turned their region up side down as a result of hunger during the lock down last year.
I don't know what igbos did to yoruba people.
Everything about this write up is about how igbos contribute nothing.
I pray this country disintegrate very fast.

overall90:
I just tire.
We all saw how their awawa and one million gang boys nearly turned their region up side down as a result of hunger during the lock down last year.
I don't know what igbos did to yoruba people.
Everything about this write up is about how igbos contribute nothing.
I pray this country disintegrate very fast.

Ten years

cocolacec:
c. Inward Money Transfer
According to the CBN records, 85% of money transfer from abroad comes through Yorubaland.

d. Value Added Tax
CBN reports show that Lagos State alone accounts for 60% of the VAT payment in Nigeria. The entire Yorubaland is responsible for the payment of 85% of the VAT collected in Nigeria.

e. FIRS income from Tax
Yoruba region is responsible for 85 percent of the Companies Income Tax, Education Tax, Information Technology Tax, Pension Contribution, National Housing Fund Contribution, Industrial Training Fund Contribution and Employee Compensation Scheme.

f. Commission, Repatriation of unutilized WDAS, and WDAS Purchases, are mainly carried out in Yorubaland.

The remaining 40% earnings of the CBN comes from the South-South region mainly because of the region’s proceeds of crude petroleum production and sales from:

a. Direct sales (NNPC)
b. Petroleum Profits Tax (Oil Companies)
c. Royalties
d. Penalty from Gas Flaring

There is no meaningful contribution of the Central Bank of Nigeria 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 CBN earnings.
_________________________________________
6. The Nigeria Maritime Administration and Safety Agency (NIMASA), collects three percent from all vessels coming to do business in the nation’s territorial waters.

Annually, NIMASA generates on the average, N100 billion from Apapa Wharf, Tin Can Port, Delta Ports, Calabar Ports, Rivers Ports and Onne Port.

According to the Nigerian Bureau of Statistic, 95% of NIMASA revenue comes from the Yoruba ports.

The ports in the South-South region, brings forth the balance of 5% revenue of the Nigeria Maritime Administration and Safety Agency.

There is no single contribution of the Nigeria Maritime Administration and Safety Agency 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 NIMASA’s earnings.
_________________________________________
7. The Nigeria Liquefied Natural Gas (NLNG), pays dividends and revenue on sales of feed gas.

Each year, the NLNG pays on the average N300 billion wholly from its Bonny Kingdom facilities in Rivers State.

Agreeing to the Nigerian Bureau of Statistic, 100% of the Nigeria Liquefied Natural Gas revenue comes from the South-South region.

There is no single contribution of the Nigeria Liquefied Natural Gas earnings from the:

South-West
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 NLNG earning.
_________________________________________
Summary of the contributions of the Yoruba, Hausa/Fulani and the Igbo to the revenue of the Federal Government:

1. NNPC Earnings:
80% of NNPC's revenue comes from the South-South.
20% of NNPC revenue comes from Yorubaland.
There is no contribution from the Hausa/Fulani and the Igbo to the NNPC earnings.
_________________________________________
2. NCS Earnings:
90% of NCS revenue comes from Yorubaland.
5% of NCS' revenue comes from South-South.
5% of NCS' revenue comes Hausa/Fulaniland.
_________________________________________
3. FIRS Earnings from taxes collected:
85% of Corporate Income Tax comes from Yorubaland.
85% of Education Tax comes from Yorubaland.
85% of Information Technology Tax comes from Yorubaland.
85% of Pension Contributions comes from Yorubaland.
85% of Industrial Training Fund Contributions comes from Yorubaland.
85% of National Housing Fund Contributions comes from Yorubaland.
85% of Employees Compensation Scheme comes from Yorubaland.
65% of Petroleum Profit Tax comes from Yorubaland.
95% of Capital Gains Tax comes from Yorubaland.
90% of Withholding Tax comes from Yorubaland.
75% of the Value Added Tax (VAT) comes from Yorubaland.
90% of Stamp Duty comes from Yorubaland.
60% of Luxury Tax comes from Yorubaland.
_________________________________________
4. NPA Earnings:
90% of the NPA revenue comes from the Yoruba ports and waterways.
10% of the NPA revenue comes from the ports in the South-South region.
There are no ports in Igboland and Hausa/Fulaniland.
_________________________________________
5. CBN Earnings:
60% of the CBN earnings comes from Yorubaland.
40% of the CBN earnings comes from the South-South region.
There is nothing coming from Igboland and Hausa/Fulaniland.
_________________________________________
6. NIMASA Earnings:
95% of NIMASA earnings comes from the ports in Yorubaland.
5% of NIMASA earnings comes from the ports in the South-South.
There are no ports in Igboland and Hausa/Fulaniland.
_________________________________________
7. NLNG Earnings:
100% of NLNG earnings comes from the South-South.
There is nothing from Yorubaland, Igboland and Hausa/Fulaniland.
_________________________________________
Solid Minerals:
There is revenue from Solid minerals, including Talc, Gypsum, Iron Ore, Lead/Zinc, Bentonite and Baryte, Gold, Bitumen, Coal, Rock Salt, Gemstones and Kaolin.

Only Gold, and Bitumen, both of which are set up mainly in Yorubaland have contributed essentially to the earning from Solid minerals. But these earnings are insignificant and I have not considered them in this lecture.

Also, I have not considered Personal Income Tax because it is not collected by the Federal Government.

Court fees and fines, licence fees and other revenues are too insignificant for this lecture.
_________________________________________
From the foregoing:
The Yoruba nation and her people contribute 49% of Nigeria's income.

The South-South region and her people contribute 44% of Nigeria's income.

The Hausa/Fulaniland contributes 2.5% of Nigeria's income.

The Middle Belt region contributes 2% to Nigeria's income.

The Igboland contributes 1.5% to Nigeria's income.

The Kanuriland contributes 1% to Nigeria's income.
_________________________________________
Please take note that the South-South region has six major ethnic nationalities, including:

1. Edo
2. Uhrobo
3. Itsekiri
4. Ijaw
5. Ogoni
6. Efik-Ibibio

All these nationalities save Itsekiri, contribute 44% of Nigeria's income.

The Itsekiri contribution has been added as part of Yoruba contributions because they are Yoruba.

There are Igbo communities in Delta and Rivers States, and their contributions have also been factored into the Igbo contributions.
_________________________________________
In summary, the Hausa/Fulani people are the most corrupt of the ethnic groups in Nigeria. Through the machination of self-serving career politicians in England, the Fulani held political power in Nigeria between 1960 and 2010, and since 2015.

They replaced the regional system that allows each region to control its wealth and resources with a unitary system that takes resources from the Yoruba and the South-South to fund the economic growth and development in the North while Yorubaland remains poor and underdeveloped.

Young Yoruba must come together and join forces with the Young Yoruba for Freedom to take over Yoruba’s ports and waterways from the control of the Fulani beginning from now and declare for Oduduwa Republic.

There is an urgent need for the Young Yoruba to form relationship with the white in America; the Russians; the Chinese and the Brazilians.

We are the generation we have been waiting for.

(C) The Young Yoruba for Freedom (YYF)

.


Fighting for freedom after running to Benin Republic.......
Ogbeni stop masturbuating with statistics

Ops?

In other news,miyetti Allah said the food blockade is only to the southwest, so let's see you people are going to respond since you the backbone of Nigeria economy.

After all the bragging you would tell yorubas to vote for Tinubu!

Revenue allocation during colonial times

Emi lo kan.

Remove revenue from Nigeria Delta oil and Imo gas to Lagos, let check something