₦airaland Forum

Amuwo Odofin.

-100/10

Burning lots of fuel daily

This only shows that the so called kings are employees of the government. They can be fired at any time and nothing will happen.

In my over 3 decades in Nigeria I’ve witnessed 7 heads of states and presidents, Tinubu is the worst of them all.

Don’t be fooled by the Greek gift.

Whatever amount he spends on these, be sure he will recoup 1000 times more.

ufotunang:
..the 36 governors does not allow their local government chairmen to open an account with CBN..so that money can be sent directly to local government chairmen through the CBN

So the governors have more power than the FG?

All these talks na sara. The FG can go ahead and directly credit the LGs and the governors can do nothing.

LOL.

Servitudes. Sycophantic people.

You’re hailing him for submitting a budget when 2024 and 2025 budgets aren’t even fully covered.

All these just for him to see you and throw some money at you. That’s not life.

DeLaRue:
Talking of imports from China, high import duties, and other charges are a means of protecting local manufacturers, otherwise imported and subsidised Chinese goods will be so cheap that local industries will die out.

So China unfairly subsidises its exporters in order to make their exports very cheap, yet you don't want Nigeria to take counter measures to support its own manufacturers

Ofcourse you are probably a trader who is out thinking about your personal interest only.

That's fine.

But the government is there to protect the entire economy from being subsumed by cheap China imports that keeps China rich, and Nigeria poorer in the long term.

Any 40ft container coming into this country, whether it contains lithium batteries, manufacturing machines or any kind of item that aids production will be charged nothing less than 25 million naira. The average cost of renting a 40ft container for shipment from China to Lagos is about 6000 USD that is way less than what customs charge as duty.

Do you even know EVs are supposed to be duty free? Customs will still charge you.

Has the debt not been repaid?

Just the same way he awarded a so called “bidding” contract to Hi tec owned by his Lebanese friend and ally. So is what he did with the tax laws.

Lagos state maternal clinic is better that many of these so called private hospitals.

Child and maternal hospitals are designed for caring for pregnant women and children only.

They are cheaper as well.

Stamfordluiz:
Currency computation rules were also altered. Section 39(3) of the House-passed version allowed returns relating to petroleum operations to be computed in the currency of transaction, while the gazetted Act mandates that such tax computations be made in US dollars.

A new provision, Section 41(, introduced into the gazetted Act now requires a taxpayer dissatisfied with the decision of the Tax Appeal Tribunal, and seeking to appeal to the High Court, to deposit 20 per cent of the disputed amount as security before the appeal can be heard. Section 41(9), which was also introduced in the gazetted version, further formalises the appeal chain, spelling out a progression from the Tax Appeal Tribunal to the High Court, the Appeal Court and the Supreme Court.


Enforcement powers were also expanded. Section 60(1) of the gazetted Act adds the phrase “without an order of the High Court”, allowing tax authorities to appoint agents without court approval. Critics say this amounts to a major empowerment of the tax authority by granting it direct administrative garnishee powers, removing judicial oversight and bypassing court orders.

Section 61 distinguishes between the powers of the Nigeria Revenue Service and other tax authorities, permitting the Service to sell movable assets without a High Court order.

Section 64(1) goes further by introducing arrest powers, authorising tax authorities to arrest suspected offenders through relevant law enforcement agencies. The version passed by the House only empowered the tax authority to investigate or cause an investigation to be conducted to ascertain any violation of tax laws, whether or not such violation had been reported.


In the Nigeria Revenue Service (Establishment) Act, further discrepancies were identified in provisions governing accountability and legislative oversight. Section 25 of the House-passed version requires the Service to submit quarterly and annual reports to the National Assembly on its activities, performance and financial statements. These reporting obligations were omitted from the gazetted Act, which retains only basic audit provisions.

Similarly, Section 26 of the version passed by the House expressly empowers the National Assembly to summon the Executive Chairman or board members to account for administrative, governance and financial matters. This oversight power does not appear in the gazetted law.


Section 30 in the Votes and Proceedings also assigns broader accountability duties to the Executive Chairman, including the submission of strategic plans, budgets and routine reports to the minister and the National Assembly, as well as mandatory responses to ministerial recommendations. These provisions were removed in the final Act.

Differences were also recorded in the Joint Revenue Board of Nigeria (Establishment) Act. Section 9 of the House-passed version states that any officer exercising the board’s powers must be specifically authorised by the board. The gazetted Act uses broader language, referring to “any officer specifically in that behalf”, without clearly stating who grants the authorisation.


Funding provisions were amended as well. While Section 14 of the House version lists four sources of funding, the gazetted Act introduces an additional source, allowing “additional contributions from members” to fund board activities.

Further omissions affect statutory funding guarantees. The House version provides that both the Tax Appeal Tribunal and the Office of the Tax Ombudsman shall be funded from the Consolidated Revenue Fund, as appropriated by the National Assembly. In both cases, the gazetted Act removes reference to the Consolidated Revenue Fund, stating only that funding shall be through appropriation by the National Assembly.


These discrepancies have heightened concerns within the National Assembly and among stakeholders over taxpayer exposure, due process, legislative oversight and the overall integrity of the tax reform framework.

God be with you and bless you in all you do.

This una format don cast.

We still remember the famous “I had no shoes” statement.

Army Warrant Officer will earn more than a Lt. Col?

How irresponsible of a government to submit a bill to the House for passage and when the House made modifications and passed the bill, the federal government headed by Tinubu, changed some parts of the bill before the president signed it.

Did he really think not one of the over 400 members of the National Assembly will read the bill again?

SixSeven:
Dreams last only seconds

You mean all those Scene 1, Act 2 and adverts in your dream is just in seconds? I disagree with this 50 shades of lies

You mean to tell me what Joseph/Yusuf had that is written in Abrahamic books is only some seconds and even God spoke to him in seconds? Na lie

Those of us who go back to sleep to continue a sweet dream don't believe this. Anyhow sha, 1hr = how many seconds?

Dream time is much slower than normal time. A 20 minutes long dream may just be 40 seconds in real time.

obeegee:
Quite sure that nigerian air force officer who saluted Capt Traore is higher in rank than him based on equivalence.

Isnt it odd for him to be saluting him?

Military mind in the house, can you explain?

Noticed that as well. I guess he saluted because he is the head of state of another nation and of higher authority than him.

Also he’s in his country and I don’t think his rank matters there.

iwaeda:
Okanlomo of Yorubaland ko, etalomo ni. All these royal fathers, don't understand anything about culture. One major reason insecurity fester. Traditionally we have lost it.

In all honesty, they don’t. A chieftaincy title should naturally be for a certain kingdom, town or village.

All these titles ending with “of Yorubaland” are void.

Give someone title for the town or village you are king over.

Okanlomo of Oyo town you mean. Because there’s nothing like Yorubaland in history.

After Tinubu’s tenure, one thing is certain. This EFCC chairman will be arrested.

I’m yet to see one EFCC chairman that was not humiliated out of office.

What annoys me most is clerics asking the people to pray for their leaders.

I’m guessing all those prayers actually worked. Because they keep getting worse instead of better.

nairalanda1:
Yep, as i said.

In other words, you have just told me that tinubu should keep borrowing, which is as expected from a APC supporter.

As for me, I believe in reality. Sane societies charge tax, societies that want to borrow, don't.

But you guys live in a society where your view of government is patronage, not development.

Anyway, good morning. You can mock me now.

How did you deduce I’m APC supporter?

The only solution you proffer is borrowing.

Why not ask the government to cut spending by 90% and let’s see the results?

nairalanda1:
Considering that tax to gdp is very low, there is no way they will meet revenue targets.

Also, considering that oil has been below 70 dollars per barrel for most of the year too, and that we even need it to be at least 150 dollars per barrel before we 'see something'..

There is a reason why our governments borrow. Most nigerians don't pay tax to federal coffers because poverty. As at 2016, about 16% of the taxable population was paying tax to the treasury. It's now about 30% (government says 44%).

Well, since most people don't want to pay tax because we are poor and because we cannot tax our way to prosperity (tax revenue is not used for prosperity, it's used for meeting government needs, etc)...may we continue to miss our revenue goals.

People will read this and say I am excusing government. LOL. If obi was in power, I would be saying the same thing. Tinubu is still not a good president, but my metrics for saying so are different.

Tax poor people abi?

Is it not people that have good income that can be taxed? Or do you want to tax a bike rider that earns less than 80k in a month.

Or a gateman that is paid 30k a month?

Pls tell us who you expect the govt to tax aside the working class, business they already taxing.

malali:
Dont let poverty affect your intelligence.
If the world has over 3000 billionaires, then definitely we have more millionaires than the 50-60 you mentioned.
5 million dollars is not a lot of money. I would have showed you.
But you dont even know the difference between million and billion
You said the world has 50-60 millionaires......LOL Even Lagos has more than 50-60 millionaires

50-60 million millionaires in USD was what i was refering to by google. Still show us a paycheck or your worth for 5 million USD since you are so rich. Someone also asked you to send him 500k. You can do that first.

malali:
3,028 billionaires worldwide as of April 2025

I clearly wrote millionaire and not billionaire you mentioned. Now compare the percentage of those millionaires in USD to the worlds population and you find out that those millionaires and billionaires as you mentioned are not up to 2% of the entire world's population.

Now say again that 5 million USD is not a lot of money. If you say it is, just show us a paycheck or an investment you own that is worth more than 5 million USD

malali:

$5 million dollars is not a lot of money.
Go to the school in question, a lot of Nigerians are there and their parents salary is less than Farouk Ahmed.
This allegation would have held if Dangote was not entangled with Farouk Ahmed on NMDPRA Oil allocation tussle.
But this is just a vindictive and malicious defamatory allegation at its best.
Dangote has never being an activist corruption fighter.....Why now ?

According to google, there are around 58 to 60 million millionaires in USD in the world. A large percentage of these millionaires are in the USA and most of them are business owners, investors or top staff in large corporations.

You say 5 million USD is not a lot of money as if it's easy to come by $1m.

How did he make 5 million USD as a govt worker and even in the jobs he had in the past.

The damage Tinubu APC and their media teams are doing to this country will take a long time to heal.

The annoying part is these lands were left for them by their forebears and forefathers. These guys will wake up, sell the lands and leave nothing behind for their own children.

Myopic beings.

malali:
Institut Le Rosey (Rolle & Gstaad)
$110,000–$135,000 per year
The most expensive boarding school in Switzerland.

6 years for 4 children at 135k per years is $3.2 million dollars.
Not 5 million dollars.

Farouk Ahmed Oil & Gas industry roles (Nigeria & abroad):
• Started professionally as a Logic Board Verification Engineer at Apple Inc. in Dallas, TX, USA before moving into the energy sector. 
• Senior Crude Oil Trader – Duke Oil Inc. 
• Manager, Crude Oil Export Programming & Nominations, Shipping & Terminals (NNPC) 
• Executive Director (Commercial) – Petroleum Products Marketing Company (PPMC) 
• Managing Director – NiDAS Marine Limited (NNPC/DAWOO Joint Venture) 
• Executive Secretary – Petroleum Products Pricing Regulatory Authority (PPPRA) 
• Managing Director – PPMC 
• Special Adviser (Downstream) to the Group Managing Director, NNPC 
. Chief Executive Officer, Nigerian Midstream And Downstream Petroleum Regulatory Authority (NMDPRA)

Dangote really thinks someone who has held all this post in Nigeria doesn't have 5 million dollars.........

How do you know he didn't make it in the stock market ?
Unless Dangote has evidence of misappropriated funds from NMDPRA, with documented evidence, this is defamation. Farouk should sue Dangote for false allegations and intent to defame. Money could have been inheritance,gifts,investments etc.
Do you know how many people have unexplained wealth in Nigeria, starting from Asiwaju Jagaban Tinubu ?
I suspect the Tinubu-cabal wants to remove Farouk Ahmed, they are just using Dangote to do the dirty job.

NO PADI FOR JUNGLE.

How much did he earn from those years he worked in private firms?

That’s the first question to ask.

Even Dangote said he can’t pay $5M to send his kids to secondary school.

Those saying US wants to come for our refinery and resources are suffering from myopia of the brain.

Which refinery and resources dem get ?

Doyin2:
The comments I am reading here indicate absolute low level business and financial intelligence.

What is likes of Otedola and Dangote ,the richest Blackman in the world,seeing in Nigeria that Nigerian lazy youths are not seeing,looking for very flimsy excuses to japa?

Otedola is from a rich background, Same as Dangote. It is much easier for them to make it due to their rich and affluent backgrounds coupled with the technical know how.

How many average Nigerian youth has an uncle that can loan him 500,000 Naira in the 80s? That 500k naira now would be equivalent to 2bn Naira, less or more.

Those Chinese and Indians come here because they have more money, skill sets and knowledge.

Lanretoye:
there are no people making it in Nigeria without japa?,don’t forget to include your epistle in the diary of failure if you have to write one in future.

You lack comprehension. A sound brain and mind already understands all what he wrote.