₦airaland Forum

Burob:
Mr Man for your information there is no where in the world were tax laws are perfect, even in The USA, & that is why there are tax dodgers, & there are also strict penalties that if u choose to be stubborn & ignore voluntarily or involuntarily disobeying the law out of disagreement for the law, u should pay a hefty fine or go to prison, or both hefty time & prison.

The hefty fine, or prison sentence is what u Nigerians like Gringory Obi are against, not the law itself.

Oga, I am agasint paying tax and still be providing my self with water, no emergency services, no good roads, still use private hosptials because even your politicians dont use public healthcare, they know they are terrible state. I still need to use private schools. I am against paying tax while politicians loot as lords and will never go to jail. I am against paying tax and still be buying fuel for generator. U hear?
who will buy me generator fuel when Tinubu reduces my purchasing power because of tax? All past governos and ministors in Buhari who loot our public revenue, what has happened to them?
I will glaldy pay tax if the govt uses it to provide amenities that i wont need to spend on those amenities anymore. Go and read this article: https://www.nairaland.com/8597545/rethinking-taxation-resource-management-nigeria
U want me to keep paying money to politicians who import babes from north america and enjoy lavishly? is ur head paining u?
All the money gotten from oil, gas, lithium, empty lands for farming, all the money from gold, miniral resources, all the borrowed money, where are they? Looted by politicians. So, increased tax wont be stollen, right? I am ready for u today

Burob:
Of course it must be tampered with, that is the work of the National Assembly & government to tamper with a draft proposal.

Abi u think say na copy & paste government go do with a draft proposal?

Exactly what a 5 star reputable firm is now saying: the final result is faulty. It is critical. I know those of u who support govt always make excuses. But this time, just accept. A firm, no partisan firm, well known globally, well respected, just pointed out 31 critical flaws of the so called tax. Govt if responsible should always listen. Govt is for people, right? It should listen. Well, nigerians arent used to inclusive leadership.

Burob:
No be same KPMG draft the law for the Revenue Service, who in turn give am to the National Assembly to vet?

u no dey hear sey them tampered with it?

yarimo:
The same man that increase poverty rate as governor in anambra state is here talking rubbish

This does not change the fact that KPMG has pinpointed 31 critical errors in the useless law. It has not. U may not the messanger, no wahala. But the message is clear.

Like I always say, oppositions are allowed to score points based on the failure of the ruling class. That is how opposition work. In some climes sef like Europe, opposition will lead their masses to the street to demand for change when ruling party bleeps up. For instance, opposition can lead portest demanding the resignation of chief of army staff if insecurity skyrocket. Dont blame oppostion, blame the ruling party. APC did same

keemsleek:
See who is talking. Demon talking. Why dud he delete Deborah tweet. Goodluck to those support this guy. He has never condemn the terrorists. When buharo was ne gotiatingvwuth terrorist where was his voice. Hypocrite abegi...

What he said, it is true or not? Take the message, leave the messanger. Opposition have right to score goals based on ruling party's mistakes.
How do u arrest youth protesting over insecurity but u never answer them when they called u for protection? U never tracked their kidnappers who r$ped their wives and mothers. Has anyone ever raped ur wife or mother in ur present before? If no, then shut dey Bleep up.

franchasng:
Ending Khamenei's reign of terror and suppression in Iran will bring stability in MiddleEast.


Many Muslim terrorist groups being solely sponsored by Iran will die a natural death with time. Peace will return to MiddleEast and many terror organizations will suffer funding and support which will force members to turn a new leaf and embrace peace and life.

As they did in Libya, right?

nairalanda1:
You are acting as if my comment means I am supporting looting. That is why I cannot engage with you, because you are beating a strawman.

Go and get rid of that idea that I support looting and see me later.

Nigeria's problem is leakage and corruption. U are talking about how our money and oil alone is not enough. Since we are poor, our politicians need to pay modestly and not heavily, period.
U cant tax me heavily while I still provide water, elctricty, even patch my community roads, provide my own security, having no emergency help, have to deal with wacky hospitals. U cant tax me. Tax is a social contract. The Europeans arent rich in natural resources. Resource rich nations must first find ways to convert their resources into finishes products. That is where the money is.
Our leadeers have shown to interest in education. They send their kids abroad. They have shown no interest in health care, they treat abroad. So, even if u do tax 80 percent, still same story. He who couldnt use 20 naira to do anything cant use 200 naira to do anything.

nairalanda1:
Hahaham. I am coming..I day come.

Okay

1. Germany has a higher per Capita GDP. That's because it is an active exporter of manufactured goods and services. I mean we all know at least one international brand that is German.

Nigeria is a country that depends on income from 1.5 million bpd of crude and revenue from tax that never reach 23 billion dollars annually.

2. The man wants Nigerian government to do the same as German government on the budget we have?

Plus Every German pays tax to the central government and state government and even local government . Nigeria wey only ten million out of 230 million pay tax? Okay o.

And he dey compare am to Nigeria where only ten million people pay income tax and revenue from oyel is not up to 100 billion dollars annually ( Germany is spending 600 billion dollars this year as budget, compared to our 36 billion dollars )



We would end up with debts in the trillions of dollars in the next ten years if we did what he is demanding.

Someone wants government to do what 600 billion is doing with 36 billion. ? Na WA o.

Abeg, tinubu government is useless. As are all our past government including GEJ. Because if a country like Nigeria cannot do budget of 800 billion dollars by now, that means all our leaders are useless


And the thing is many Nigerians think that 36 billion dollars can guarantee a lifestyle that 600 billion dollars can cover. Na WA o.

Also, go and read this article
https://www.nairaland.com/8597545/rethinking-taxation-resource-management-nigeria

A resource rich country has no business taxing her citiznes up to 30 percent. That is madness. Do u think as wealthy as DRC is, she is poor today becus she is not taxing her citiznes up to 90 percent of their income? Even if DRC tax her citiznes up to 90 percent of their income, her people will still be poor.
To make a country grow, accountability on the part of the ruling class is a must. Blocking leakages is a must. Having credible election is a must. Investing in education, especially on STEM is a must so u can convert ur raw materials into finished goods. What we have here: we spend lavishly on politicians to maintain them and u f$cking talking about how money is not enoug. If Senators earn 5m yearly, will they die?
So, why must I suffer to fund the life style of senators, presidents and governors, including past and present? Why? We make a lot of money already, where are they going to? We cant even fix electricity, not even one.
Alright, fix insecurity so that a lot of us can go into proper animal farming, etc. At least proper agriculture can crash food prices, but no. Govt cant even fix security. Like, una dey mad to support all these things? Whta is the problem? Why do u guys like making excuses for these failed politicians?

nairalanda1:
Hahaham. I am coming..I day come.

Okay

1. Germany has a higher per Capita GDP. That's because it is an active exporter of manufactured goods and services. I mean we all know at least one international brand that is German.

Nigeria is a country that depends on income from 1.5 million bpd of crude and revenue from tax that never reach 23 billion dollars annually.

2. The man wants Nigerian government to do the same as German government on the budget we have?

Plus Every German pays tax to the central government and state government and even local government . Nigeria wey only ten million out of 230 million pay tax? Okay o.

And he dey compare am to Nigeria where only ten million people pay income tax and revenue from oyel is not up to 100 billion dollars annually ( Germany is spending 600 billion dollars this year as budget, compared to our 36 billion dollars )



We would end up with debts in the trillions of dollars in the next ten years if we did what he is demanding.

Someone wants government to do what 600 billion is doing with 36 billion. ? Na WA o.

Abeg, tinubu government is useless. As are all our past government including GEJ. Because if a country like Nigeria cannot do budget of 800 billion dollars by now, that means all our leaders are useless


And the thing is many Nigerians think that 36 billion dollars can guarantee a lifestyle that 600 billion dollars can cover. Na WA o.

I want to engage with u on this. Are u ready to have proper conversation on this and let spit out facts. Are u ready?
Now, answer me, what have we achieved with what we have collected so far? Hope u know that nigerians have been paying tax and for heaven sake, nigeria's problem is not lack of fund, Nigeria's problem is fucking wastage. When will people like u admit this truth?
All the past Buhari ministers who looted this country dry, where are they? Are they serving jail terms and their stollen wealth gotten back and invested in Education? Why are we not exporter of finished goods? Why are our senators over paid with crazy benefits? How can a poor country have extremely wealthy politicians? Are u saying we are created to fund the life style of politicians? Why arent we invested in education to enable us produce graduates who can produce and exports?
We want to get into agriculture but govt cant even get security right for young Genz to even consider farming. So, whose fault is this? All politicians do is to live large. Are u saying that taxing us while we buy bottle water, drive on bad roads, use private hospitals and schools, buy fuel for generator for electricity, etc? Is right? Like we came to this world to give up our natural resources to govt, they loot, give up our taxes to govt, they loot?
Aso Rock budgeted 7b for solar. What happens to Nigrians paying tax from their small hustle who have no electricity? I want u to answer these questions clearly.
Has any ex president be investigated before and loot recovered? If we protest, do we get arrested? So, u jst want us to work, pay tax and govt officials use natural resources to carry babes and buy properties in Dubai? I want to engage u here and pls, answer me with logics and not sentiments

seunmsg:
Less than 10% of Nigerians pay personal income tax. In fact, only those in well structured paid employment get to pay. Even at that, over 90% of them don’t pay up to 30%.

Again, it’s sad to see people ignorantly thinking their personal income taxes goes to FG. No, your taxes goes to your state government fully. Tinubu gets all the blame for the tax reform while state governors take every personal income tax. Even the VAT, states take 85% while FG takes 15%. Nigeria is probably the only country where the central government doesn’t take a dime from payroll tax. In US, Germany etc, FG takes the lion share from payroll tax. Not in Nigeria.

No, Tinubu works with state governors. Who is in charge of EFCC? is it us or FG? Presidents wont try governors when they leave office because they work for him while in office. Nigerians are calling out the system and whoever is the president is who they will call out because we run unitary presidential system. Leave this sentiment pls. And yes, Nigerians pay heavy tax. Income tax is not the only tax. Did u know that each time I dial bank code, I pay money? Part goes to govt.
We have no reason to pay anything. Go and read my articles I publushed on this stuff. We have farmable lands, wealthy resources. All we need is block leakages, fix corruption so that money meant for investment in public amenities go there. So we can invest in education and produce graduates who can convert our natural resources into finished high products for local and global consumption.
Take DRC for instance, did u know that DRC has some of the best natural resouces on earth that normally, all her citizens are supposed to be cool? But DRC is citiznes are mainly poor with no visible govt social infrastructure. Do u think if DRC increases her tax to 70 percent, DRC will automatically become developed? The answer is no. As long as ex governors, ex presidents, ex ministors, loot and get away with it, we are saying no to the tax.

MufasaLion:
Apparently, the supposed "Giant of Africa" is always nowhere to be found.

Some of u dont really know how useless nigeria is. hahahah
the country is a complete mess. Guy, I wrote an article here and stated that the tax bracket for poor should start from 60m yearly. Nigerian leaders are extremely wicked. How can u consider a poor person to be someone who earns 1.2m yearly to be excepted from income tax? That is ridiculous. Ur income has no power here. Infact, Most Nigerians are poor. Anyone who earns 1.2m yearly is dead already. A person earning 30m a year is still struggling and Tinubu wants to completely reduce their purchasing power. The reason why someone who earns 30m yearly is struggking is because he most likely will have dependent parents, siblings, spouce, and he will sort out social amenities by him self such as schooling, electricity, water, bore hole, security, drives on terribel raod, handle health care. So, at the end, 30m otilo. Now, Tinubu plans to take a cut from that. Has his purchasing power not reduced again? It has been reduced. In the next 4 years, many people who struggled will struggle more.

[quote author=lawani post=138109926]The best run countries in Earth take almost half of their GDP as taxes to finance collective prosperity. They take around 45 percent of the GDP. There is no other way to become an advanced country[/quot

You lie. Read the content carefully again. U can't take such heavy tax on resource rich country. The Europeans don't have resources as we do. UAE, Quatar, Saudi, are examples resource rich countries that have achieved great success without heavily taxing their citizens.

Number two, U can't depend on tax when U have massive corruption, extreme leakages of public funds, too much money spent on political elites. Do U understand ?
Thirdly, read the first part of this piece. U produce the service and then tax the citizens. U want 25 percent of my sweat yet U won't give me electricity, water, good roads, healthcare, etc. So what exactly are U using my money to do?
U want to tell me that a county like DRC is having poverty everywhere because they lack money? Did U know that DRC has some of the best and most expensive natural resources on earth but corruption has crippled the country. Even if U tax the citizens 90 percent of their income, if U couldn't fix corruption from income generated from natural resources, U will still not achieve anything.
Nigeria has money. What Nigeria lacks is political will to tackle corruption. What on earth makes U think more tax will lead to development when income from all our resources and tax previously never achieved anything? Answer this question first.

First Principle: Taxation is a Consequence of Production, Not a Substitute for It

This is the foundation of everything else.

Historically and economically:

Societies produce first.

The state then taxes a portion of that production.

Taxes exist to coordinate, protect, and scale production — not to replace it.

When a state tries to:

Tax people before it has organized production,

Or tax people to compensate for lack of production,

It breaks the social contract.

Why This Matters

In a productive economy:

People earn income because real goods and services exist.

Taxing income means sharing surplus.

In an unproductive economy:

Income is already scarce.

Taxing it reduces survival capacity.

The state becomes extractive, not enabling.

This is the difference between:

Taxing surplus (legitimate)

Taxing scarcity (destructive)

Germany Fits This Rule

Germany:

Organizes labor.

Imports raw materials.

Converts them into high-value goods.

Exports finished products.

So when Germany taxes:

It is taxing value added.

Not just existence.

This makes high taxes economically tolerable and socially accepted.

Nigeria Violates This Rule

Nigeria:

Has not organized land, labor, or capital into productive systems.

Exports raw resources.

Imports finished goods.

Has weak industrial capacity.

Yet it:

Taxes salaries.

Raises VAT.

Adds levies and fees.

So the state is taxing unrealized potential, not realized value.

That is why taxation feels punitive instead of participatory.

Key Takeaway[/i]

[i]A state that has not organized production has no moral or economic basis to heavily tax labor income.

This single principle explains:

Why Western Europe can tax heavily.

Why resource-rich but poorly organized states should not.

Resource Rent Should Replace Labor Tax in Resource-Rich Countries

Resource-rich countries have the capacity to fund the state through resource rents, not heavy labor taxation. This includes:

Subsoil resources

Extraction rights

Export permissions

Environmental licenses

Resource rents can finance:

Infrastructure

Education

Healthcare

Scientific research

Industrial policy

In such countries:

Income tax should be symbolic (≈1–3%) to maintain accountability and formalization.

VAT should be modest (≈5–7%) and targeted at luxury consumption.

This ensures that citizens are not burdened for a state that already possesses abundant natural wealth.

Investing in Science and Value Addition

Simply extracting raw materials does not create sustainable wealth. True prosperity comes from:

Extraction

Conversion

Compounding value

Examples for Nigeria:

Oil → Petrochemicals → Plastics, fertilizers, pharmaceuticals

Gas → Electricity → Industrialization

Lithium → Batteries → Electronics, electric vehicles

Agricultural land → Processed food products → Local consumption + exports

Minerals → Refined metals → Components for industry

Investing in science, technology, and education ensures that raw resources are transformed into high-value goods, creating employment, domestic markets, and export revenue.

Universities and research institutions should be STEM-focused, conducting studies and producing technologies to manufacture products currently imported, such as televisions, batteries, radios, and cars. Grants and state funding should prioritize applied research that substitutes imports with local production.

Agro-Industrial and Household Farming Policy

Nigeria can leverage its land and water resources by implementing policies such as:

Allocating free land to households for animal farming, conditional on productive use

Providing training in modern animal husbandry

Subsidizing veterinary care and feed technology

Integrating markets to sell surplus locally and internationally

Outcomes:

Food self-sufficiency for Nigeria and West Africa

Export revenue from meat, dairy, and leather

Employment creation

Base for agro-industrial processing

This aligns with a resource-driven, production-first economic model.

Governance: Cutting Costs and Reinvesting in Productivity

A major obstacle is the excessive spending on political elites:

Ex-governors, ex-presidents, ex-senators, and high-ranking officials often receive disproportionate salaries and maintain privileges at the expense of productive investment.

Redirecting funds from political elite maintenance to productive sectors can:

Fund STEM-driven education

Support universities and research institutions

Finance industrial and agricultural value-addition initiatives

The state should prioritize investment in human capital and technology, rather than overcompensating politicians while taxing citizens heavily.

Taxation of Digitally-Active Young Nigerians

Young Nigerians increasingly earn income digitally through foreign infrastructure and platforms from countries like the US, UK, and Canada. Many net incomes are earned while living in Nigeria. Yet these citizens are heavily taxed from 15% to 25% on earnings that come from abroad, without benefiting from local resources or infrastructure.

This is economically and morally unjustifiable. The taxation system should be reconsidered, especially for citizens generating wealth independently of Nigeria’s current resource or infrastructure exploitation.

Conclusion: A Resource-Rich, Low-Tax Model for Nigeria

Labor income tax: 1–3% (symbolic, maintains accountability)

VAT: 5–7% targeted at luxury consumption

Resource rent capture: Full utilization of oil, gas, minerals, and agricultural potential

Science and technology investments: Conversion of raw resources into high-value goods

Agro-industrial development and household farming: Full use of land, water, and labor

Governance reform: Cut excessive elite spending; redirect funds to productive sectors; ensure transparency and efficiency

Digital economy consideration: Reassess taxation on young Nigerians earning abroad to reflect that they derive no benefit from local resources

Such a model prioritizes production, value addition, and sustainable growth over extractive taxation. It allows Nigeria to generate wealth locally, reduce burdens on citizens, and compete globally in high-value markets.

DatNiggaDaz:




This is the most sensible and logical statement ever written since APC took Nigeria and Nigerians to the gallows.

Your views are Spot on bro.

Thank you brotherly. I honestly don't know why most of us in this country behave the way we do. We have no business heavy taxing Nigerians. We need to fix leakages and invest income from our resource rich society into STEM driven educational system. Why are we this wicked? I am so hurt and broken.

I am writing this as a concerned Nigerian. I do not carry political or economic weight in this country; I am simply expressing myself from the deepest part of my heart.

I must confess that Nigeria has hurt me beyond my imagination. There are many of us who truly did not want to migrate out of Nigeria. We stayed, silently hoping that someday the country would get it right. Instead, the country keeps punishing its citizens.

Please read this with an open mind—not as a member of any political party. Drop religious and political biases, read carefully, and digest this piece honestly.

The Purpose of Government and the Reality of Taxation

The goal of any reasonable government should be to increase the purchasing power of its people, not to reduce it.

One of the biggest problems confronting Black nations is our constant attempt to copy Western systems without considering local realities. Western countries favor high taxation mainly because they are service-driven societies, not because they are naturally resource-rich.

Most African countries, including Nigeria, are richly blessed with natural resources. Western nations rely heavily on taxes and, in return, provide efficient public services. Their public infrastructure—healthcare, education, transport, emergency services—is top class.

Western Europe’s tax-heavy model did not emerge from moral superiority; it emerged from structural necessity. A snippet from my conversation with ChatGPT captures this clearly:

**“The Western European model is not universal—and never was.

Western Europe’s high-tax model evolved because of structural constraints, not moral superiority:

– Resource scarcity
– Cold climates
– High population density
– Early industrialization without raw materials
– Costly welfare obligations after two world wars

So they built tax-heavy, service-heavy states.

Trying to impose this same model on resource-rich, land-abundant, young-population, low-income countries is conceptually wrong.

Different material conditions require different fiscal logic.”**

So I ask: When will we start thinking locally?[i][/i]

When will we design systems that work for us?

The Myth of “The Poor Will Not Be Taxed”

Under the current tax system, we were told the poor would not be taxed. That is simply not true.

The average Nigerian family operates within a communal structure, unlike Western societies. One income often supports many people.

Take a typical family of four. Only one or two members may earn income—sometimes as high as ₦25 million yearly. Due to historical and structural failures, this is common.

In the eyes of government, earning ₦25 million means you are “doing well”—an executive income earner. But is that the reality?

Consider this scenario:

A young man is trained through university by struggling parents. He graduates, finds no job, gets no business loan, and eventually teaches himself a tech skill. He begins earning online from foreign clients. Due to the volatile naira, his income rises to ₦25 million per year.

Yet:

His parents are poor

His siblings are struggling

He supports extended family

He has personal living expenses

He may already have a wife and child

By official standards, he is rich. In reality, he is technically poor.

At the end of the year, he may have little or nothing left.

This is the story of many Nigerians today.

Why the Current Tax Threshold Is Unrealistic

The claim that earning ₦1.2 million yearly means someone is “not poor” and therefore tax-free is unrealistic.

Under the old law, if I earned ₦20 million yearly from foreign sources, I did not pay personal income tax. However, I still paid:

VAT

Bank charges

Transaction levies

These all go to the government.

Now let’s talk about real living costs in Nigeria.

Nigeria lacks:

Central water systems

Stable electricity

Free quality healthcare

Free quality primary and secondary education

We buy bottled water to avoid disease. We pump water from boreholes using generators. Electricity is unreliable—even in state capitals.

Fuel is expensive. Generator maintenance is constant. Private schools are costly, but unavoidable. These are not luxuries; they are survival expenses.

The Impact of the New Tax Law

Using ChatGPT to estimate my tax under the new law for a ₦20 million income:

Tax Breakdown

₦0 – ₦800,000 @ 0% = ₦0

₦800,001 – ₦3,000,000 @ 15% = ₦330,000

₦3,000,001 – ₦12,000,000 @ 18% = ₦1,620,000

₦12,000,001 – ₦20,000,000 @ 21% = ₦1,680,000

Total Estimated Tax: ₦3,630,000
Effective Tax Rate: ~18.15%

This reduces my disposable income to about ₦16 million—without solving any of the problems that required higher spending in the first place.

Government cuts purchasing power but does not provide electricity, water, security, healthcare, roads, or education.

The Bigger Economic Consequences

Foreign clients already assume Nigerians are cheaper to hire. Now we are taxed like the UK but without UK benefits.

This will:

Kill growth

Push more youths abroad

Crush the middle class

Nigeria is an informal economy. Millions already contribute through VAT and bank charges. Instead of punishing online earners, government should partner with them.

Let NYSC members be mentored by digital workers, content creators, and remote professionals.

If Nigerians earn more, government earns more VAT—through travel, luxury spending, and internal tourism.

What Nigeria Actually Needs

Nigeria does not need aggressive taxation. Nigeria needs:

Transparent systems

Reduced political leakages

Serious investment in STEM education

Finished-product exports, not raw materials

Taxing someone earning ₦3 million yearly is wickedness.

If the government insists on copying Europe, then the tax threshold should start from ₦60 million per year—and even that is debatable.

Nigeria’s problem is not lack of money; it is leakage and corruption.

Political Waste: Cited Sources

According to Vanguard, Nigerian senators earn staggering sums annually through salaries and allowances:

Source:
https://www.vanguardngr.com/2020/09/pay-of-national-assembly-members-2/

Breakdown (as reported by Vanguard):

Running cost: ₦13.58 million monthly (₦162.96 million yearly)

Salary: ₦750,000 monthly (₦9 million yearly)

Constituency projects: ₦200 million yearly

Total: ~₦372 million per year
This is over ₦1 million per day, including Sundays.

Additional benefits include:

Severance gratuity – ₦7.43 million

Furniture allowance – ₦7.45 million

Vehicle allowance – ₦9.94 million

These figures exclude inflated contracts and political patronage.

More recently, TVC News reported that the Akwa Ibom State Government gifted luxury SUVs to former deputy governors:

Source:
https://www.tvcnews.tv/gov-eno-gifts-ex-akwa-ibom-deputy-govs-new-suvs/

These are the same politicians asking struggling Nigerians to “sacrifice more.”

Final Reality Check

Most young Nigerians are not in the formal sector. Jobs are distributed by connections, not merit.

Many of us applied to institutions like:

CBN

Nigerian Police

Immigration

FRSC

Civil Service

Without connections, opportunities were nonexistent.

This pushed young Nigerians into online work. The new tax system intentionally captures them, even though they privately provide:

95% of their electricity

Education

Healthcare

Security

Water

This is unjust.

Worldwide income taxation works in countries like the UK because citizens receive real benefits. Nigeria provides none of these.

We cannot copy and paste systems. We must solve our problems locally.

The current tax system is extreme, brutal, and destructive. It targets the few Nigerians who managed to stay afloat.

Bottom line

Western Europe’s tax model is context-specific

Resource-rich countries are not obligated to copy it

Nigeria’s problem is organizational and scientific failure, not insufficient taxation

Heavy income tax in Nigeria is a symptom of failure, not a solution. Even the leader of the tax commutee should engage me in debate over these points if them born him well and he is sure of his system.

If you have a superior argument supporting this tax system, I am open to hearing it.

ZombieTAMER:
While the country is about imploding

The so called president is in Europe wasting tax payers money

My annouyance is that my tax is part of what he is wasting!

Make una dey play. Make una continue to allow politicians use una heads, then pray for god to give u break through. If u have a working system, u dont need prayer for break through.

After final whistle, everywhere first Blur for Ivory Coast
Egypt, they know how to play tournament wella

Druss:
I stopped answering because I sensed the account might be trolling. When someone asks where Oyedele mentioned that high earning people will pay more tax, I know something is off. He or she is working off a set of assumptions.

Obviously he works for politicians. It is a shame

EKONGKING:
This is bad.

Nigeria is going nowhere ,with this kind of attitude.

While they are excepted, they actually paid tax somehow. This is what people dont understand. Take for example, as a small business, u wont pay company income tax until u are grossing over 50m, right? But if u pay ur self, u will pay high tax of up to 25 percent.
If u decide to spend company money, u get into trouble.
Some of the items u buy are taxed heavily too so u are affected indirectly, so u have to increase ur own price to meet up.
Take for instance, u buy an item 20k before, but that item is sold for 25k but ur own business doesnt come with VAT, right? But u have an item u use in ur home that has increased price to 25k, ur business is the source of ur income. What will u do? u will also increase ur own business price in order to give u more money to meet ur needs which include the increased to 25k item u used to buy.
Tax increases the price of items.
Let me also explain for u. I was in a hotel this xmas, as at 2024 xmas, the room I booked was 104k. Now, this xmas, the room is now 130k. What do u think I wil do even if my business is excepted from VAT or company income tax? I will increase the prices of my services to enable me meet the standard of life I lived in 2024. I think this is one reality Nigerians have not accepted.
If dollar is high and my busienss does not depend on dollar directly, but I also buy services and products that depend on dollar, I will also increase my own business price so that I can purchase those items I use that depend on dollar.

Image123:
Friend, find a way to move to the country that gave you all since Nigeria is of no benefit to you, otherwise cooperate with its laws. Instigating people against reforms pulls the country down. Riots and insurrection don't solve problems.

What solves problem is for politicians to stop looting, u hear? Not someone calling out the Bleep up by the same politicians. I dont understand u.

Image123:
Questioning and even lobbying is different from burning down or pulling down your country. Comments like yours don't help anyone. Like i said earlier, over 95% of what you complain of have been and continue to be before the tax reforms. Abuse of a system cannot stop me asking for or seeing improvements. Up to you what you see, and up to me what i see.

I am not the one who is pulling country down. Why cant u all get it? Those pulling Nigeria down are those criminals as politicians. Why do humans behave like zombies? Like why do some of u make excuses for politicians. I gave u reasons why what I mentioned is annoying now.
What Am I paying 25 percent of income I sourced abroad for when I cant get public quality healthcare? No electricity, no good roads, no quality education, no water? So, what is my income tax used for? There is an idea behind world wide income tax. It is on the premise that govt is reasonable enough to provide u with adequate social amenities so u support them with tax while they mine ur resources and use ur tax to support the system. In this case, I benefit nothing and u want to take the money.
I applied for police, immigration, CBN, prison service, civil service, road safety, etc. They all failed me and gave jobs to political affiliates. They give jobs based on political connection.
Now, I didnt die, I worked so hard, another society paid me by exposing me to people who found me worthy and hired to work with me, and u want to take 25 percent of it while not providing me with any social benefit. That is wickendness and stealing. I am not the one pulling the country down. Calling out the system for being corrupt doesnt mean I am pulling the country down. It is one who is doing the corruption that is pulling the country down.

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It's as funny as it gets. Friend, if you live in a country, you are subject to the laws of the country. Otherwise, you could move to where you think is better. As long as you choose to live in a country, you are bound by the laws of the country including its tax laws. It's not an argument for nl or social media. Find out if you are a tax resident or not, and perhaps you are lucky to qualify for some existing double taxation agreement that may exempt you. My little advice.

What u said is true, the argument is if the law is jutfiable or not. What we swallow in Nigeria is complete mess. We simply fund the lives of politicians while they give us nothing in return. I just watched a video of a senior doctor lamenting that Nigerian doctors cant rent decent apartment. I mean those in Lagos, imagine those in other states. A critical sector like health, govt has abandoned it and wants me to pay tax while they use the money to embrace foreign trip. Laws are made by humans and for humans and laws cant be questioned. In Nigeria, we breed criminals in the name of democracy.
I just watched another video where a pratising doctor in lagos was lamenting how they watch people die in hospitals becus of no money. She almost cried and listed the incidents she faced within just 3 days. It is crazy. These politicians are cheating us badly and comments like yours enable them.
Why should I be funding the live styles of politicians? They have total control of our god given resources, we no talk. They have control of our income, we no talk, now they are coming deeper into our pockets. Questioning things is normal. That is what made countries work. I know what i suffered to learn what i know today, due to no electricity, i had to use a nearby betting shop that usually On generator. I would stand against the wall and place my laptop on my lap to learn what I was learning. If Nigeria had electricity, it would have been easier.
These pot bellied men keep destroying us. F#ck it.

Morocco has shown great stadium and city views. Weldone to an African country, I am proud of u guys. The pitch has been fantastic, no wonder players slide to celebrate

Omo, the city views of these stadium is so beautiful. Weldone Morocco, una too develop shaa

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Lolz, so your line of argument is that the government doesn't deserve your tax because you don't earn your money in Nigeria.

Yes! A lot of u keeo forgeting that income tax is not the only tax. We have VAT. If I should u how much govt made from me via VAT alone, u go scream. What about various bank charges that go to govt?
Now, the idea behind world wide income tax is because those who reside in the country have access to use quality govt funded pry, secondary, universities, healthcare, electricity, water, good roads, security, emergency services, etc. But since I earn outside Nigeria and none of these stuff I listed exist, why is govt eyeing up to 25 percent of that income, exlcuding the usal VAT, bank charges, import duties, etc? That is criminality. Let me give u an example:
Let say before a foreign source income earner, i made 20m last year and I spent around 2m plus on fueling generator, electriicty bill and maintainance of generator for my family home because as a human, we deserve 24/7 electricity, we deserve to sleep with our AC on, etc. So, to give my family quality electricity, I spent more on our home gen. We dont deserve to sleep under heat. I spent this beacuse govt has failed in providing us with stable electricity. Now, i didnt pay income tax, right ? Last year, so this year, I made same 20m yearly, govt takes about 4m from me as income tax. This reduces my purhcasing power to 16m. Now, from that 16m i will still have to sort out 2m plus on electricity. Now, if govt had taken the 4m plus as tax and has fixed electricity, then I will have more purchasing power and quality of life, I will not need to spend 2m plus on fueling generator, I will not buy bottle water to take clean water, I will not fix my car often because of bad roads. When I want to resel my car, I can resel at a good rate because the roads have not made it look old. The list goes on. So, what exactly Am I paying the income tax for? For the money to be used to provide politicians retirement packages?
Tinubu has budgeted another 7b for solar installation in Aso Rock which will be funded by tax payers. So, who takes of my own electricity? Dont I deserve 24/7 electricity? Dont forget, tax payers and our resources are used to provide electricity for him at home, health care taken care of by the country, his food taken care of by the country. We work and make money to take care of politicians. I dont understand. We dont deserve good life too?

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95% of what you have said is not new. We've been experiencing the same scenario for years, it's not due to the new tax reform. What i am asking is a comparison of the old and the new, and how the new is so oppressive when compared to the old tax model.

Let me explain, in the previous tax, only income sourced within Nigeria was taxable. So, freelancers, remote workers, content creators, etc who worked remotely and made income from other societies didnt pay income tax but paid other taxes. This new tax forced us to pay. And the idea behind world wide income like in a place like UK falls on the idea that u use govt funded facilities heavily while staying in the UK and working and earning else where. But that is not the case with us here. Those who sourced for income abroad practically dont enjoy anything free from govt.
I know how much it cost me to give my family bottle water each month, if I had govt treated water, that will save me such cost. There are many other examples.
Rent relief of ridiculous peg at 500k is useless for high income earners becus high income earners dont live in house of 2m per year. Put it at 20 percent or 30 percent and leave it. Doesnt matter how much it is. Leave foriegn sourced income until u have a viable society with good roads, hospitals, water, etc so that those who dont make money from Nigeria can use those facilities to justify their income tax. As it stands the current tax is oppressive and wicked. And mind u, other taxes exis and mind u, those have been stollen before and will still be stollen now.

The govt should be ready as people will also budget ridiculous expenses out of their company money to avoid tax. Make una be ready because I will budget 10m for biscuit to help staff.

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Kindly explain how the tax is oppressive for high income earners?

Take for instance, I decide to birth one child in order to consolidate my income, then another person decides to birth 8 kids without proper income, then I'm taxed heavily because of that person.
That is madness. If I'm a high income earner, I maybe living in an apartment of 10m yearly or more, so 500k is insignificant to my rent relief at all. While 500k may mean a lot for low income earner.
So U need to balance it and ensure those who create jobs actually have reason to create job especially in such a country like Nigeria with brutal environments..
I started two businesses in 2024, a restaurant and a tech training center. One thing that made me to close them all was electricity. I was running fuel generator for restaurant daily, same for tech training center, then for my home. Gush, the fuel was too much. I considered solar, the amount to get solar that can power tech training center was too much, same for restaurant. Omo, I closed them.
So, U see, encourage people to create job.
For me, I would say Nigeria doesn't need this type of tax at all. Nigeria needs job. Find ways to create the environment for people to create jobs which increases their purchasing power, then increase VAT to 10 percent.
Nigeria is extremely tough.
Take for instance, there are guys making mad money via content creation, arbitrary blogging. Instead of imposing heavy tax on them since most of the tax generated will be wasted by govt officers for sure. Why not tax them extremely less, but partner with them and send NYSC members to them to be trained so they can replicate same.
If U have 100 nigeians earning 100k dollars monthly,.U have increased purchasing power and U can generate revenue from VAt because they will spend on luxury and pleasure.
The sad thing is that Nigeria thinks that they can copy European model. What worked for Europe can't work for Africa.
I will give U another example. Africans, Nigerians in particular are very communal in nature.
A person who earns 20m yearly is not actually a high income earner. The person will pay about 4m to govt as income tax,, right? But the person surely will have a lot of dependencies such as parents, siblings, friends, etc who constantly need support due to the reality of our country. Europeans aren't communal that is why their parents are kept in elderly homes.
If U earn 20m yearly and govt takes 4m from u as tax and U still will attend to Ur aging parents since no singular support from govt on that, U will battle with electricity issues, U have to deal with bad roads, U need to deal with private hospitals since public are in terrible shape, U also need to deal with private schools since public ones are terrible. By the time U are done with these expenses, U are already completely broke. Tax luxury and remove income tax.
It is madness that I will go to a mall, buy stuff, pay VAT on it, then, still pay stamp duty when I transfer their money to the money from an income that has been taxed already as income tax. Guy, mad ooooo

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That's not tax but some unnecessary stamp duty that has always existed.

It is still tax, tax is not online income tax, Nigerians already pay a lot of tax to govt for decades.

One, they will reloot these ones again
And secondly, this one small, if only u guys know how much ur politicians have finished this country, u wont agree to their useless tax. Nigeria doesnt need UK tax system because we have more than enough, what we lack is political will to fix corruption and electoral system.

Kemetian:
ACCORDING TO AI ChatGPT, PriceWaterhouseCoopers has often made mistakes and is UNRELIABLE for economic forecasts.


ACCORDING TO AI:


''....there have been public controversies or outcomes tied to PwC’s work:

📌 a. Audit and Assurance Controversies

PwC has faced fines and regulatory findings for audit shortfalls (e.g., inadequate audit work in some jurisdictions).

In Nigeria, controversial cases exist around forensic audits where PwC acknowledged limitations (e.g., limited access to data), leading observers to question the conclusions.''

✅ Yes, PwC forecasts have been questioned and sometimes proven inaccurate, especially long-term economic projections — but this is true of virtually all economic forecasters.

✅ PwC generally states its projections are based on models with assumptions, not guaranteed outcomes.

✅ Short-term forecasts may also miss actual outcomes due to unpredictable events.



Nigeria is unusually policy-sensitive

Nigeria’s economy can change direction very quickly due to policy shifts.

PwC could be wrong if, for example:

Fuel subsidy savings are actually redirected efficiently

FX reforms stabilize faster than expected

Local production substitutes imports more rapidly

Social intervention programmes scale properly

State governments outperform federal expectations

Nigeria is not a slow-moving OECD economy. It’s high-volatility, which makes short-term poverty forecasts especially fragile.


Nigeria’s informal economy distorts forecasts

Over 60% of Nigeria’s economy is informal.

Most models:

Handle formal wages well

Handle informal resilience badly

Historically, Nigerians:

Adjust consumption rapidly

Shift jobs and income streams

Create informal buffers during downturns

PwC models often underestimate adaptive behavior, which can blunt poverty outcomes relative to predictions.


Media headlines amplify the most pessimistic scenario

Guardian Nigeria (and most media) will highlight:

“PwC forecasts worsening poverty”

But PwC reports usually include:

Base case

Downside case

Upside case

The downside case is what becomes news.

So PwC might actually be saying:

“There is a significant risk of worsening poverty unless X, Y, Z happen.”

That nuance is lost in headlines.


Conclusion:

PwC’s forecast can be wrong because it is based on assumptions about policy continuity, inflation, and structural constraints — and Nigeria routinely violates those assumptions, sometimes for the better.

PwC models Nigeria as a system that behaves predictably. Nigeria rarely does.

-AI

......................

Translation for OP. ''Go get a job and stop constituting nuisance to society''.

look at this one, poverty in Nigeria is even under reported. Baba, even those earning 10m per year are poor in today's nigeria. To rent a good two bed apartment in most state capitals now is from 2m and above. So, ur 10m per year is rubbish in today's economy as u will spend all on paying bills.
I make 30m plus yearly and I struggle sef.