₦airaland Forum

The way they are robbering shops now eh. Small and medium businesses are suffering badly. And Tinubu and his croonies have mapped how to tax up to 35 percent of ur income

Sonnobax15:

Money too sweet abeg

Only the settings of the environment show say everywhere good...

As a man,once you guide, bannies go willingly and ready to enter oven with you

But Regina left billonaire

Ikaeniyan0:
In the USA, if you ask for military to take over, you will find yourself in trouble. I've you even being to the USA before?

The US does not commit the type of frauds we commit here in the name of democracy. And yes, I have.

And like I said, when someone makes a comment, check the capacity the person has to carry out such comment.
The real dangers to Nigeria corporate existence are the bandits and kidnappers. Lol, that will send nigeria in choas if not attended to more than a mere person talking and ranting.
If u love Nigeria well as u claim, wish for ur political class to actually fix the security issue. They are now going to cities and estates to kidnap people. Otilo

Ikaeniyan0:
A lot of Nigerians love abusing freedom of speech

Nothing is wrong with his statements, AMericans make worse comments sef. The real danger to naija unity is insecurity. I will not allow someone kill me. So people are resorting to self defence. that is the real danger. Poeple are getting kidnapped daily.

pdppower:
These are even the ones that managed to go for Western education. May Lugard's soul continue to rot in pieces for joining these backward people with us.

Lugard has done his part, it is left for Southern Nigeria to pull out. Like, what are we scared of ? Like, we can just pull out and nothing will happen.

Kukutente23:
Are you saying if Obi was in power insecurity would have been nipped in the bud?
Don't be like zombies who were first deceived with N50 milo by late Bubu only to again be deceived with agbadeau by Pa Amoda
Learn to think beyond tribal supremacy

He has right to say so since Tinubu has not delivered. Someone who has not been tested has every right to claim he could have fixed it. Yes!

FreeStuffsNG:
Stop misleading people.

No serious country will leave its President and top human resource assets carelessly unguarded.

Once you become highly valuable, you will know. Right now, you are not

Did they say the president shouldnt be secured? or what exactly are u lamenting about? We said, reduce the security details and secure the states and lands. If u do, u can drive anytime. The Mopol guiding VIPs are much and should be reduced, focus on fixing security and u can drive easily.

FreeStuffsNG:
It's like this police withdrawal really touched a raw spot in these guys

The President is completely different and in this case he provided alternative to the police.
Go get the NSDC guys and stop getting bitter.

Secure the state and u dont need to move with too many Mopol. That is what is done all over the world. Nigeria is not at war with foreign countries. Nigeria is at war with her own citizens due to hunger.

watchindelta:
is not still the same police man who will tried them and execute them! So they are still zombie.

Well, it is still how politicians loot the people and the people work for politicians to enjoy life.
Ukrain and Russia are fighting war but the two Presidents keep enjoying with their families while the masses fight their war. Like, humans are actually zombies to politicians. I have always wondered why.

nairalee:
Honestly these policemen are beginning to make me detest them even further. Do you know that if Nigerians gather to protest for the welfare of policemen, these same policemen will deploy and attack the protesters?

I can never understand how the brain of some of these policemen works. Just the other day we saw a retiree admit that while still active in service they were busy escorting politicians to banks to hide stolen wealth and has only come to his senses now that he's retired.

If they refuse to obey order, they will be tried and executed!

NaijaRoyalty:
Always playing dirty politics with everything ..
.let's see if national assembly will act swiftly to his request even though we know it's audio

When he declared state of emergency in Rivers, he didnt need national assembly, there is provision for him to actually pass something into law. If they want to do it, they will.

datola:
That's the largets oil producing state and highest receiving state of share of oil derivation revenue.

It's high time we started to focus more states.

Some of u always miss it. If we are to focus on state, then we need true federalism like in the US. Currently, the FG controls EFCC, and it is so easy to let governors go all they have to do is switch to the ruling cental govt party and boom, they will be free of their corruption.
If we refuse to run true federalism, nothing will change

Judolisco:
I believe not all Nigerians are thieves, we jst need structures put in place to follow d law.... Like many Nigerians who live abroad want to steal but they know they'll be caught.... But Nigerians here will create structures and still find a way to go past d structure... At dis point I think we need to be recolonized for 50 more years

Unfortunately, that wont happen. The few will continue to steal from us until the day we will say enough is enough. Imagine a wealthy nation with all resources taxing citizens over 35 percent. Our total tax is almost 40 percent. That is madness.
Even UK, Russia, that has massive infrastructure arent taxing up to that.
In the UK, small companies are regarded as companies that generate over 50k pounds in profit o and will only pay 19% of their profit if they make more than 50k pounds as profit, not gross o, profit.
UK has more infrusture than Nigeria o. Here, our money made, house of rep, senators, governors, presidents, local govt chairmen, loot them to fund their life style. That is why they have sophiscated buildings in London, Paris, Dubai, New York, South africa. The money these men have loot eh, if they are to spend 50m daily, they will still not finish it in the next 3000 years.
My anger is that they have come for my sweat i earned abroad as a remote hustler.

Judolisco:
I don't have issues with taxation but hope the money won't be stolen.... If we want our country to be developed, then we must start doing what developed countries do.... D only issue is stealing on our part

So, after they stole oil money, gas money, lithium money, gold, silver, cocoa, subsidy, so, tax money is holy money that wont be stollen?
Lol, u dont know nigerians, they are born criminals. Some humans and cronies about to get super rich on our sweat after stealing our collective natural resources.

PheelzAlmighty:
And some airheads will still compare South Africa with Nigeria 😂

I used to laugh at those. SA and Nigeria arent mate. Lol, SA is a developing Nation, nigeria is under developed nation. SA is a member of G20. Lol, SA is a big player o. Na only Morocco fit race with them for Africa. Their leaders over the years have done so well, proud of them. Look at their local league, their clubs did great at fifa club worldcup. They believe so much in them selves.
Nigeria well, cant really make progress until we agree that the three major ethnic groups can either live together by sharing power or disentegrate.

Hexxah:
They wanted out after destroying it all? Imagine literally destroyed Nigerias uk like system of having small miniature regions acting as small counties within the Nigerian state. Azikiwe ensured that a secession clause wasn’t included in Nigerias constitution at independence. Yall destroyed it all and when the leopard ate your faces you went to war. Don’t rewrite history.

This narrative does not fly. The coup was handled by all the major ethnic groups.
So, nothing stops any from running regional system now. Since foreigners invade south west. Or how exactly do u wish to achieve reducing foriegners from coming to south west with the current system that gurantees nigerians to live and work anywhere within Nigeria? If u want foriegners to stop moving to south west, it is simple, u have to make the current consitution null and void and enact new one that will prevent regional migration and only based on terms set up by the regions.

We4all:
Rest. There is nothing special about male kids.

Why is it that if someone says they want a girl child and desire it, all of u will be saying aww, aww, awww, if someone says they desire a male child, u start this narrative?

richiemcgold:
I still discussed this serious matter with some fellow landlords yesterday. Is there anything we can do to stop this influx of foreigners into the Southwest? My street here in Ondo State is currently dominated by northerners (many of them are from Niger republic). They have turned every corner and uncompleted buildings to shacks and residents. Their kids are everywhere, they don't attend school. Early in the morning they are already roaming about the community scavenging for scrap iron and plastic bottles. They know every in-and-out of our area than our own children.

Modified:
Contrary to most comments on this thread, this thing is happening all over southwest; not only Lagos.

It is simple, push for break up of Nigeria, that will end it. South west will now require VISA from foriegners to come in. There is no other way. Or at least push for UK style where each region operates like a nation just like UK 4 nation arragement and South west will now require strict measures for anyone to come to south west. U see, that is the only way forward. This was what The igbos fought for in 1967, they wanted out which would have favoured south west by now.

Namaster:
This is a NO BRAINER!

The WHOLE Northern Region should have been LOCKED DOWN a long time ago.

All the states in North and our Northern borders should be locked down for like 6 months for INTENSE Military OPERATIONS.

Especially after they KILLED a General and KIDNAPPED School Children within a span of 3 days.

Lock down. Lock in. And OBLITERATE with reckless abandon.

Instead, our WEAK President is telling us he's DEPRESSED.

MADNESS!

If u run regional system of govt, that insecurity up north will end over night!
The reason Tinubu cant do such is becus of vote. He needs vote.
Well, Nigeria will collapse shaa. It is just a matter of time. U cant be having uncntrolled birth rate with terrible governance and expect the country with such large space and population not to spiral into chaos. It is already in chaos and let me tell u, the politicians and elites have lifted out their families. They also have emmergency existence when it gets bad. Those who will pay for it with their blood when it finally collapse are the masses. With the rate of uncontrollable birth rate and hardship and large land mass with over centralized governance structure, the country is headed to doom. Why cant we save it? Well, humans arent as smart as we assume, we always built for self destruction.

Every day, I ask my self, why so hard to convert Nigeria to run UK model at least? even if not parliament, but nation system where the 6 regions can operate in their own with their own security, water system, football, airport, border control, birth control, electoral system, the central just cordinate external aggression and militatry which will be equal from the the 6 regions?
Nigeria will fast track and grow. Omo, how long are we going to continue like this?

Wow, first G20 submit on African soil. Wow, South Africa and Morocco keeps getting it right, mehn!
Wow

Why not fasten the state creation of police and watch states with fund raise sophiscated police system to protect her people?
But Tinubu was fast with tax bill so they can take money from us and fund their life style as they have been doing.

dangermouse:
Logical, but then doing so would defeat the main purpose of the scheme which is national integration.

National integration is not working, tribalism is still high, so no need wasting the lives of common Nigerians becus the elites dont make their kids go through this mess. They make them serve in their choice state. So, it is the children of the common Nigerians who suffer this. We should end it. It makes no sense anymore. How many years gone, the war still lingers till date. Nairaland is an evidence.

tefund:
Bro,those taxation policies can't be enforced since banks are not authorized to deduct.

Ur account will be flagged baba

grandstar:
Oga,
I am giving you informed answers, and not something I manufactured from my head.

What I have written is what economists would agree with it.

Yes, nothing bad in cutting cost of governance, block corruption, improve power supply but government revenue as a percenrtage of GDP needs to rise. It is just pitifully low.

To cut the cost of governance will cost a fortune, surplus civil servants will receive severance pay wjich won't be small. Blocking corruption will save very little.- perhaps 2% of GDP at the most.

If you want 24hour power supply, be prepared to pay cost reflective prices for power i.e Band A prices. Presently the FG is owning power related companies 4tr for subsidized power supply. This is adversely affecting their services.

Increased revenue won't be "wasted." The biggest benefit of higher revenues would mean that the Naira will be more stable in the short and long term.

If that is the only benefit the country achieves it is fine.

The comment you made about not being able to spend the money in your corporate account is just silly. Deep down you seem to be happy about the news but don't want to show it.

Be happy about which news?
Some of u defend nonsense. Nigeria is 80 percent poor.
So where do u want to get the tax income from?
To find Nigerians earning 500k per month na die.
The few who hit over 30m income per year have lots of poor people around who depend on them, now u cut their income which means u have cut down their purchasing power.
Govt needs to cut down their useless packages that give them so much and use the money to invest in critical sectors. We have not seen the benefit of subsidy removal becus people are looting it, saying they bought something that should be sold for 10m, that they bought it for 200m. U dont fix these things and u want to tax Nigerians more?
Income sourced outside NIgeria currently should not be taxed more than 3percent becus we actually benefit nothing from the country.
Aside cheap labour which the new tax system will destroy. As a country, u need increase purchasing power and not reduce it.
Govt loot and waste money, that should be the focus.
I know some of u will defend anything. The tax has no benefit to online workers who earn abroad. Converting to limited liability comes with compliance wahala, lawer, accountant, filing, financial book, etc. And u cant use business money for personal expenses. Lots of troubles for already choking country. U cant justify this madness, not for a country with such a high level of poverty.
Those of us who earn certain amount cant breathe becaouse people around need help. U cant ignore them. The country is super poor while the politicians live too high.
How much did they say ex Kogi governor stole? Do u know how much was wasted by OBJ? GEJ? Buhari? The retired generals? the list goes on. We are not yet ready to fix wastage and corruption, but u wana tax already poor citizens down? That is madness. Watch it, growth will reduce and nothing will change. Nigeria's problem is purely structural and strategic than these artificial stuff which has never ever shown any impacts on the lives of ordinary Nigerians. Nigeria needs retructuring

grandstar:
No amount of prudent spending will resolve the country's Achille's Heel: low government revenue as a percentage of GDP.

Nigeria's is about 12%, which is one of the lowest in the world. It needs to touch at least 16%. Soludo, an economist said it should not be less than 22% of GDP.

It simply must go up.

Secondly, learn to listen.

Businessmen who want to reduce their tax burden find legal means mot to pay taxes or make it as low as possible. It is called tax avoidance.

For instance, a company with a turnover of 50m or less will not pay taxes.

For instance, as a freelancer. you could register a limited liability company which you will use for your freelancing business. Since your turnover is 40m, you won't tax.

U dont get it? Nigeria is wasteful. Cut down on governance cost, block corruption, fix vital needs such as electricity so that as u tax citizens, they can breathe. As it stands, Nigerians cant breathe and personal income tax will be wasted as it has always been wasted.
And for business as u said, u wont pay tax with 40m per year, yes. But u cant spend the money as it sits in corporate account.

They want me to pay up to 25 percent of my remote work earners so as to keep funding polygamy of the useless politicians who are of no good but l$ot, loot, l$ot, l$ot and l$ot. They cant be traced to any meaningful venture they have done outside N$geria

grandstar:
The real shocker is that the current tax rate is 24%. So, Tinubu 25% tax rate is only 1% higher.

The only difference I'd that this government wants to start collecting it. The days of brazen tax evasion is coming to an end.

The country's over reliance on crude oil for both its revenue and export ending needs to end. It's ruining the economy.

Also, to reduce your taxes, incorporate a limited liability company.

I doubt companies earning 40m or less pay tax.

Why not search Google using the AI search to get answers.

U are missing it, Nigeria has no business relying on fuel alone. Nigeria has lithium, has gas, has gold, has cashew, palm fruits, cocoa, the list goes on. But ur politicians are only interested in lavish life style. U cant win me on this.
I will school u more! Nigeria politicians are among the higest paid on earth with mind blowing packages.
Nigeria's problem is not lack of fund, nigerias's problem is wastage and corruption. Useless bicamera legistlature that contribute nothing to the country but get brand new cars eacch 4 years, cars worth over 240m. That is just that, the list goes on. We waste money on extremely unproductive governance system. A lot of our gets wasted. We have money, they get stollen. U cant be taxing such a poor country that way becus u should be looking for ways to increase purchasing power instead of reducing it since increased purchasing power will naturally bring in more investors.
U already cut down 8m plus from my income, it means I cant afford a lot of things come next year. I cant afford some stuff I could afford previously becus 8m already taken off my income. So, more businesses that relied on me will also miss out on this.
Now, did govt provide relief like healthcare, quality public school, which would have helped reduced how much I will spend on these things? No, govt has not fixed that. Infact, they have abandoned that and always use abroad for healthcare and education. We are foolish, but I am not. I wont buy into that.
Govt has failed in road system, if I show u the road I drive my sporty car on daily which increased my maintainance money, u will weep. U are taking 8m plus from my income but I still need to fix my car due to bad roads, pay expensive private school becus public schools are wack, same as healthcare, same as security, i need to fly else I maybe kidnapped on the road, and flight is expensive and will be more expensive next year.
People who earn 500k per month arent much in Nigeria. Most money among the youths come from the internet. Guys hustled and made a way for them selves, govt needed to help increase the purchasing power of nigerians so that business can strive well. Govt should make tech nomards to enjoy good tax here so that people can migrate to Nigeria as tech people and make money and spend less on tax and spend money within the Nigeria economy which will help grow the economy.
Govt should identify young Nigerians making good money online and partner with them to train NYSC graduates to help us have more Nigerians who earn well. This will reduce the rate of migration out of Nigeria, help us earn more $$ and increase the number of people who can build houses, it will solve a lot.
If u calculate the taxes Nigerians are paying now, it is more than 30 percent. That is too much for a poor country. The govt should drastically cut down on cost of governance, be serious with war against corruption, dedicate few years to fix education and healthcare, encourage young Nigerians to go into agricuture by solving security issues so we can farm. I wil love to invest in agriculture but I dey fear fulani herdsmen. Nigeria can be fixed if we are honest. It is not about increasing tax. As long as wastage and corruption persist and we have wacky electoral system, uncontrolled population, too much religious and tribal sentiment, it is a waste of time.
Let me burst ur head. In Nigeria today, I may decide to give birth to one child in order to cut down on cost but govt will tax me more for earning more and say they are protecting the poor who gave birth to 8 kids up north, right? Is there any measure to discourage people from birthing anyhow? How are we working towards restructuring Nigeria?
All loans taken, what is the benefit so far? but u want to take my 8m plus per year?
After NYSC, I got a job that paid me 35k per month, I worked like a machine. After one year plus, I resigned. Started learning online skill. Electricity was a problem. I used to go to betting shop to use their light since they on Gen. At night when I returned, i on my I pass my neigbour generator to help me while I learn until 3AM. It was hell becus we lacked electricity, we lacked water, foriegn companies didnt rate Nigerians due to our poor image, our IP gets blacklisted. I figured out a way is to charge foreign companies lesser since income sourced abroad wasnt taxed in the previous tax law. This strategy gave many online workers the leverage to earn smaller dollars. We were able to solve lots of problems govt couldnt solve for her citizens. But Tinubu came and messed that up.
Now, what advantage do we have since we pay same income tax like people in developed worlds even though those in developed worlds have way better infrastratcures than us and many social programmes that truly benefit the citizens. I cant be fooled.
U said register as limited liability. Lol, do u know how much lawers are charging, the filing each year, u will need an accountant. How do u take care of ur personal expenses such as parent care, family bills? How? U will pay ur self small salary to cut down on tax but that salary cant care for ur routine expenses. Brooooooooooooooooooooooooooo, fyck this country.

FreeStuffsNG:
Millions of Nigerians will experience significant financial relief from January 2026 as five frequently applied bank charges are set to be abolished under the Federal Government’s sweeping tax reform agenda.

This is a smart way that the administration of Asiwaju Tinubu, GCFR, will directly put money into your pocket.

Use this raise wisely and don't immediately spend it to upgrade your liabilities

Congratulations to Nigerians. Thank you Mr. President. May God bless you and the Federal Republic of Nigeria.

hahahaahahahahahahahahahaah
This is so funny. Do u think everyone is a fool here? He is introducing a whole 20 to 25 percent tax on my person income and u are clapping for 50 naira deduction removal?
Do u know what 25 percent is? So, as a freelancer, after I hustle find work online for abroad, hustle for fuel, hustle for bad roads, hustle for expensive healthcare for parents and for my self, I will still dash Tinubu 25 percent of my online hustle and u said that made me richer?
Now, let me school u.
Let say as a remote hustler, u make 40m per year as income. With the new tax, u will be paying around Total tax = 330,000 + 1,620,000 + 2,730,000 + 3,450,000 = ₦8,130,000. That is a whooping 8m plus reduced from ur purchasing power.
Now, hear the shocker. Before Tinubu, the 40m yearly was barely eniugh for u because since Nigeria is a poor country, u are surely dealing with black tax, that means u may have struggling parents u need to care for their health since Nigeria has no healthcare provision for citizens for free. U pay for expensive wakcy private healthcare.
Now, since Nigeria education is dead, u pay for expensive primary, secondary and university education since those provided by govt are wacky.
U will have bills as man of the house, more poeople are poor in Nigeria. Ur friends, siblings, somehow get some help from u. Now, govt has taken almost 9m from the 40m, u are left with 31m and yet Tinubu didnt provide any social plans for u, so u will still find ways to solve ur existing problems such as health care for elderly parents, healthcare for ur self, sort out electricity, had to deal with bad roads to constantly fix ur car, deal with insecurity by living in an expensive and secured estate where u pay for private security, deal with water by buying bottle water since govt has none for u, u will pay expensive school for ur kids. Omo, Tinubu reduced my purchasing power while providing nothing.
And here is the shocker, just as we cant account for fuel subsidy removal money, no proper anti corruption system since Baba wants re-election, he cant be trying governors who will help him win states, they will loot our money and go free.
No past president has been tried and sentenced, no politician has been sentenced to dealth for corruption, no electoral reform, no proper ways to bloack loopholes, but man will take almost 9m from my money and still leave me to hustle and attend to what even 40m couldnt fix.
Look, all of us arent foolish here. But as for me, I will use every legal means to avoid this, I cant spend my sweat on this god forsaking country. Dont forget I still have VAT to deal with, and other taxes o.

madridguy:
I have told you to go and get married but you refused.
So how come the cutix owner is not listed? Abi he's also part of the few people that area richer than Dangote but are wearing singlet up and down in Aba market?

Some of u really have Igbo problem. Omo, what is this? Why this sort of hatred? Come on, which type of country is this?
Look, is it not better u all actually put a motion to actally push igbos out of Nigeria? Like, why live with people u hate so much. An interesting thread has somehow dragged Igbos into it when someone started making useless comments about how certain people are spoiling business.

U dont have electricity, u have wacky educational system that has failed to produce pure technical people, yet u want govt to ban importation when u cant even produce enough for ur locals not to talk of exporting. Local producers are suffering from poor and expensive electricity, that is what u should be talking about. People want affordable quality. If i see two products and one is cheaper than the other, most people in such a poor country will choose the cheaper product

madridguy:
I swear, Nigeria really need to protect our manufacturers.

You people are funny. It is an open market. Fix electricity and transportation so that local manufactuers can produce at cheaper rate. Even the US import from China. U cant tell people not to import when u can not produce enough for ur local market and cant make it price competitive. U people love to blame everyone but the root cause. Nigeria's biggest problem in the manufacturing space is poor electricity and shortage of technical man power. Fix that and ur local producers can compete and export. Stop blaming people.

Chukwuisgreat:
Can we stop believing all this fake statistics

Who count them, just lies every where.

Total number of Nigerians. We don't have it.

it is easy to count using WAEC data na.
What we dont have is ethnicity data. That will spell more accuracy