₦airaland Forum

CorrectionFLuid:
The reason is earthquakes. Humans have better chance at survival in a wooden structure if an earthquake strikes. And they do strike without warning. Hurricanes usually come with warnings.

The day a major earthquake will strike Abuja God forbid, the death toll will be massive. This one Dem don dey record tremors

MadPolitician:
The main problem is their wooden houses. Every little breeze, their houses are falling apart. They loath solid structures. Just woods and nails. And they will charge millioms for those wooden coffins that are vulnerable every hurricane season.

Dickson178:
You be idiot o 😂

nairalanda1:


(I know people will call agbado, but here goes).

Here are the cold fact behind the decision to tax more Nigerians...note the headline...more NIgerians

1. Tax revenues amount for 20% of government revenue, the rest is from oil. While this is better than say 1996, when it was 96% of revenue comming from oil, it is still too low.

2. Oil revenues are very low for a nation our size. We produce as much as Libya does, yet LIbya, even in the midst of war, can afford goodies because they are 9 million, while we are 200-250 million, if not more

What we are doing is like a man with an income of 500000 naira and 15 children trying to do the same thing as a man with the same income but just 2 children. Na debt go catch you in minutes.

3. As at 2019, government was getting tax from about 30% of the taxable population. 70% of the population does not pay taxes to the state and federal government at all. Also, if your income is below a certain threshold, you are exempt from taxes

4. Tax to gdp ratio is 10%. That is low for a nation our size. Add the fact that gdp is even very very low.

5. We need oil price to be above 130 per barrel before we can earn enough money for a balanced budget. Or to be fair, at least around 100 dollars per barrel. Since 2014, April, oil has been below 100 dollars per barrel, except for a brief period in 2021-22. Thus we no longer earn enough from oil, nor have we ever, except for the 1973-82, and 2008-14, earned enough from oil.
.
6. Our economy is so poorly diversified (and APC is to blame here), that we no longer earn the money we used to earn from agric and mining...plus it is going to take us years to get back to where we were before, and we ar eup against countries like the US, Brazil and Indonesia whose agric relies on large scale modern farming, which is why they can export tonnes of food.

Even thailand, we cannot compete with them re rice production, because we don't have the climate for it.

7. We over import, and lose a lot of forex, nuff said.

8. We also have a hefty debt. Debt eats 68% of our revenue, and as at May 2023, it was over 90%...that is why TInubu went mad and said subsidy is gone, because we were in deep soup then. Even then, he has brought subsidy back, so that debt service may even grow.

9. Most states in NIgeria have poor tax to gdp ratio....as low as 2% . As a result, all of them rely on Abuja allocations for survival. Only a few states can survive on their IGR, and even then, the IGR Is still smaller than it should be.

10. IMF, won't give us any loans, and yes, we are going to rely on IMF Loans for the foreseaable future....until we end up reforming our tax system, and collecting more tax. That is what Sri Lanka and Pakistan are going through.


We better wake up people, and our government should stop looting and stealing money too....and make sane economic decisions....but with that taken into account, our tax revenue is scanty, and it needs improving.

Modified

For all those succubi who would gather to mock and call me defender of evil...



BBC 2019 ARTICLE

Also, saying that we don't earn enough revenue in tax is not the same thing as saying that

1. APC should not be held to account...they blddy well should, and yes they are wrong.

2. Tinubu is right to spend money on plane and yacht....he was wrong

3. APC government is corruption free...they are not, and they need to be held to account at all times.

4. APC is wise and running our country well...they are not, and they need to stop keeping our country on oil

osazsky:
remove city and Aston villa...na only man u and mid table teams dey fear asenal..the best u can get is a draw against city and loose against Southampton on the last game and city gets d epl again with 2 points it's a normal routine like beyern asssssing asenal in d ucl

DevilsEqual:


We now have a listening President. So he's sure gonna consider and reconsider this

Like i opined last month and has predicted by Economic experts, we've reach the peak of hardship, and from here on, it can only get better for us

NBS stats this morning, showed that the Inflation rate keeps dropping every month. We are almost there

God Bless PBAT

Wawelexy:
Nigerians and their survival instinct!!

Very soon, Nigerians will start hawking of sausage rolls on every street in the UK...

Tareq1105:
How?

A government that printed #23t by Ways and Means?

I know you are reacting bcoz of the present difficult period. It would soon be over my guy. We're almost there and I can tell you that by December things would have changed.

aieromon:
https://lawsofnigeria.placng.org/print.php?sn=478

Angelfrost:
Sigh... Ray07, dfrost, Fergie001, Kyase... Na this same team knack una 3 for una house?!!


You guys should sack ETH abeg!


Dear Punters, take heart!

Angelfrost:
Sigh... You have to be a very useless team worthy of relegation to be losing at home by 2 goals to Ten Hag's United!


To even have Rashford score against you in his worst form just makes it worse.

advanceDNA:
It's not her fault though....why would a law exist allowing woman that we are no longer together demand more money from me..Can't she go get a job...

Nemesis0147:
They blocked mine too but all I had to do was link it again with the help of an NIN agent for 4k.

Nwaokunkpara:
As usual Nigerians only decry and never act

No wonder Margaret Thatcher said that if you push Nigerians to the wall that instead of to react that they will simply create a hole in the wall to feel comfortable

Oasis007:


......once again! We are cooked. LOL!

Aremwayne:
I wonder why he wore that kind of crazy attire 😂😂

eph12:
The manager needs time and players. He needs to be supported

Angelfrost:
Arsenal and Liverpool look like a joke to you?!!


This is an open season between Man City, Arsenal and Liverpool!

Man United has already started fighting for 5th position.

SeriouslySense:
it is called Walnut, taste like groundnut but also has a unique taste.

SeriouslySense:

PurestBoy:
Sterling is actually in that club though

mightyhazel:
but the world can do without medicine, agriculture,etc

SocialJustice:
Onlyfans is the cream of the cream currently. Na there everybody dey go select, this one self go show Osibobo everything before them meet, if her intentions are genuine. 😂

Ballzproblemm:
Astrid wett ,an obnoxious LovePeddler that supports my club