₦airaland Forum

helinues:
Bro, it's so annoying that they argue confidently on something they have little information above. Imagine how some of them have been sounding on this thread

Oh I see, I didn't even look at your name before I started wasting my time responding to you. I am not surprised you're supporting this, its you helinues

DoTheNeedful:
You are just being overly critical. A minimum wage earner earns 840,000 in a year. Based on the new tax law, the 40,000 on top of the 800,000 is taxed at 15%, which means that a minimum wage earner pay 6,000 naira per year (500 per month) in tax. A minimum wage earner pays more than this in the old tax regime.


Our tax collection rate in Nigeria is one of the poorest even in Africa. The understanding of tax by Nigerians terrible. Many of you need to get it into your heads that tax payment is vital for any society to thrive.

Is that money, 70k even enough for a normal human being per month to live a life of even management, not to talk of taxing it.
A lot of you here supporting this tax shitt have no conscience left

helinues:
Per annum or over gagatum, are you going to be taxed for the first N800k?

Wondering why some of you just like to rant instead of discussing

Where did you even get all what you wrote above from? This thread was created to enlighten people like you who are being deliberately mischievous

I see what you're trying to do. It's either your are misinformed or you are an APC stooge.
Oga stop deceiving people, it is 800k per year which is 67k per month approximately.
Anything above that government will slash your money

We must stop manual elections and enforce full online electronic/automated voting system

Majority of the Nigerian workforce are employed in the private and informal actors of the economy, and most of them are still ignorant of the negative implications of the new tax law until January to march 2027 when the actual tax deductions will be made, that's when it will hit hard, not now!

By all standards a family man with multiple kids earning 400k per month is still very poor because that money is not enough for his expenses. But he'll still be taxed heavily
Not to talk of those earning lesser.

And the end of the day you still get no benefit for paying tax.

See how all of them are killing themselves.

26 years of democracy and the country keeps drowning and getting worse because of the same set of politicians yet, Nigerians will never learn, and that's why life in this country will continue to be hard for the majority because they're all dvmb.

You all pose a serious risk to a very few sane minds like me left in this hell hole.

Y'all can keep living in bondage, very annoying citizens behaving like they're under a speLL !!

Upon all the Tax they've been collecting, all the crude oil money and money saved from subsidy removal and naira floating

The kind of inflation wen go hit Una this between now and 2027 and beyond still dey do press up.
And mark my words just like subsidy removal worsened life for Nigeria's low and middle class instead of improving it as they promised, this one go worse pass

1000 ways to die.
Welcome to Nigeria!

He wanted to identify with his roots. The so called roots come show am shege.
Make him thank him God say him get dual citizenship,if not!!
Frustrating country with the symptoms of corruption written all over it

This is what we're saying.
Corruption of the highest order!!
No accountability whatsoever.
That money was EMBEZZLED.
Same way the so called TAX will be EMBEZZLED.
Nigerians should know that how that tax will be stolen without accountability has already been mapped out
So get ready to start SLAVING for the government without any benefits as is done in other countries

I don't know why some people like supporting rvbish. The kind of inflation that will hit people next year is still doing press up
You can imagine a local manufacturer like dangote paying tax of over 40% on cement and passing it on to the consumers. The Inflation is inevitable, hence d high cost of dangote cement compared to other countries where it's exported to.

Now imagine how this will affect the prices of goods and services going forward from 2026 with the enforcement of the new tax law.
Thats some serious inflation brewing up there.
And we are just docile about it instead of being proactive.
Tax should not be more than 10% of PBT, in a country like Nigeria with enormous natural resources than most countries in the world.

motymop:
Too many uneducated people in Nigeria.

He is right.

The new tax law does not tax poverty but the rich.

If you are poor, you will pay no tax

If you are rich you pay a fair tax.

Too many sheeps just listening to propagandists

Oga you're the uneducated one here instead.
Use your brain.
The tax rate is even too high for a country who has majority of its citizens living below the poverty line.
They say poor people (anybody earning 800k annually or 67k monthly), won't pay tax, meaning that a family man with 4 kids earning 68k to 300k monthly which is not even enough to cater for the family will have his salary slashed because they feel by their definition he's not poor.
Nigerians are just too docile.
Bunch of weak followers

If we don't oppose it, the government will divide your savings by four and take one part of it from whatever you save next year as tax

awesomeJ:
I also shattered my 2% margin ceiling.

Net margin for the session was 3.67%

What stock gave you this ROI

government should reduce the tax on the health sector and avoid insisting that businesses providing health services should pay same tax as others sectors else we risk inflation in the already fragile and expensive health sector!!
This is common sense, but the greedy and corrupt government don't care

Tayorshd87:
Tax are only meant for people that earn up to 800k and above so if you earn less then why are u disturbing yourself

Oga pls do your research properly before coming online.
It's 800k annually, which is approximately 67k monthly.
If you earn 68k or more they will take a share from your money

Xavicosim:
We don't afraid of tax but we are afraid of implementation of taxe. Because we don't trust our leaders and they know themselves they're not loyal to Nigerians.

The tax rate is even too high for a country who has majority of its citizens living below the poverty line.
They say poor people (anybody earning 800k annually or 67k monthly), won't pay tax, meaning that a family man with 4 kids earning 68k to 200k monthly which is not even enough to cater for the family will have his salary slashed because they feel by their definition he's not poor.
Nigerians are just too docile.
Bunch of weak followers

cocolacec:
Taxation is a civic duty of eVery citizen in every nation.


https://www.youtube.com/watch?v=3ib7GAMufvk

And what is the fundamental duty of government to their citizens in every society?
Pls don't be a dvmb citizen.

Why are they so desperate on this tax issue, but they've blatantly ignored the duty they owe the Nigerian s, many of which have been paying tax.
Here is a breakdown of the primary benefits UK citizens receive from their tax contributions (Income Tax, National Insurance, and VAT).
1. Healthcare (The NHS)
The most direct benefit is the National Health Service. Unlike many other countries, your taxes ensure that:
Emergency Care: A&E visits and ambulance services are free at the point of use.
Hospital Treatment: Surgeries, cancer treatments, and overnight stays are covered.
GP Services: Consultations with your local doctor don't cost a penny.
2. Social Security and Pensions
A huge portion of tax revenue (specifically National Insurance) goes toward the Department for Work and Pensions (DWP) to provide a safety net:
State Pension: Regular payments once you reach retirement age.
Unemployment Support: Benefits like Universal Credit if you lose your job.
Disability Support: Payments like Personal Independence Payment (PIP) for those with long-term health conditions.
3. Education and Childcare
Taxes fund the development of the next generation:
State Schools: Free primary and secondary education for all children.
Higher Education: While students pay tuition, the government provides the massive up-front loans required to attend university.
Childcare: Schemes like "30 hours free childcare" for working parents of toddlers.
4. Public Safety and Infrastructure
Your taxes pay for the "unseen" systems that keep the country running:
Emergency Services: Funding for the Police, Fire Brigade, and Coastguard.
Infrastructure: Building and maintaining motorways, A-roads, and bridges.
The Environment: Funding for the Environment Agency (flood defenses) and waste management.
Defense: Funding the British Army, Royal Navy, and RAF to ensure national security.
5. Local Community Services
If you pay Council Tax specifically, that money stays local to fund:
Bin Collections: Weekly or fortnightly waste and recycling services.
Street Lighting & Maintenance: Keeping pavements safe and fixing potholes.
Libraries and Parks: Public spaces that are free for everyone to use.
Where does £1 of your tax go?
To give you a sense of scale, for every £1 spent by the government (based on recent Treasury data):
~25p goes to Social Protection (pensions and benefits).
~20p goes to Health (the NHS).
~10p goes to Education.
~10p goes to Interest on National Debt.
The rest is split between defense, transport, and general public services.
Would you like me to find out how much of your specific salary goes toward these different services using a tax calculator?

This is what we should be protesting about.

Thieves in government.

They said they needed to devalue and make our naira valueless and also remove fuel subsidy in other to generate more funds as this will make lives better for Nigerians economically.
Almost 3 years down the line after taking the above actions, the money generated has been looted(no accountability) with nothing to show for it and Nigerians are economically worse off and seriously struggling financially, no more middle class.
You enjoy nothing as a citizen, no free education, no free/quality healthcare, you source your own electricity, bad roads and worst of all, serious insecurity everywhere.
Yet they want to rip off the citizens the more all in the name of tax reforms.
Fix the country and provide the basic social needs to make life better for your citizens just like it's done in other countries where the citizens willingly pay tax, provide 100% transparency in spending public funds and strengthen our currency,
Then you'll not need to threaten the people to pay Tax.

Here is a breakdown of the primary benefits UK citizens receive from their tax contributions (Income Tax, National Insurance, and VAT).
1. Healthcare (The NHS)
The most direct benefit is the National Health Service. Unlike many other countries, your taxes ensure that:
Emergency Care: A&E visits and ambulance services are free at the point of use.
Hospital Treatment: Surgeries, cancer treatments, and overnight stays are covered.
GP Services: Consultations with your local doctor don't cost a penny.
2. Social Security and Pensions
A huge portion of tax revenue (specifically National Insurance) goes toward the Department for Work and Pensions (DWP) to provide a safety net:
State Pension: Regular payments once you reach retirement age.
Unemployment Support: Benefits like Universal Credit if you lose your job.
Disability Support: Payments like Personal Independence Payment (PIP) for those with long-term health conditions.
3. Education and Childcare
Taxes fund the development of the next generation:
State Schools: Free primary and secondary education for all children.
Higher Education: While students pay tuition, the government provides the massive up-front loans required to attend university.
Childcare: Schemes like "30 hours free childcare" for working parents of toddlers.
4. Public Safety and Infrastructure
Your taxes pay for the "unseen" systems that keep the country running:
Emergency Services: Funding for the Police, Fire Brigade, and Coastguard.
Infrastructure: Building and maintaining motorways, A-roads, and bridges.
The Environment: Funding for the Environment Agency (flood defenses) and waste management.
Defense: Funding the British Army, Royal Navy, and RAF to ensure national security.
5. Local Community Services
If you pay Council Tax specifically, that money stays local to fund:
Bin Collections: Weekly or fortnightly waste and recycling services.
Street Lighting & Maintenance: Keeping pavements safe and fixing potholes.
Libraries and Parks: Public spaces that are free for everyone to use.
Where does £1 of your tax go?
To give you a sense of scale, for every £1 spent by the government (based on recent Treasury data):
~25p goes to Social Protection (pensions and benefits).
~20p goes to Health (the NHS).
~10p goes to Education.
~10p goes to Interest on National Debt.
The rest is split between defense, transport, and general public services.
Would you like me to find out how much of your specific salary goes toward these different services using a tax calculator?

This is what we should be protesting about.

Burob:
No, nobody likes paying taxes, that is why the rich carry their money to tax havens, if u don’t pay your taxes in the countries u cited, the UK, & USA u will go to prison.

That is why u people are crying about any amendments about this law passed, u don’t want to pay your taxes, but expect not to go to prison for it.

The government has said add it to the law, if u don’t pay your tax, u go to prison like it is in the countries that u cited i.e. The USA, & The U.K., una start to shout fraud, we no gree.

Why are you guys not emphasizing on the following as can be seen in the same UK and and US you are quoting:

Providing iron clad systems to prevent embezzlement of public funds:
where is all the money generated from subsidy removal and floating of the naira. No explanation, more funds have been EMBEZZLED with nothing to show, citizens have become poorer.

Benefits of tax Money to the citizens.
Just Ask AI the benefits of Tax payers money on UK and US citizens and see for yourself.

I am surprised that nobody could even try to discern a very important point in what this man is saying along with its implications going forward from 2026.
Excess TAXES!!
You can imagine a local manufacturer paying tax of over 40% and passing it on to the consumers. The Inflation is inevitable!!

Now imagine how this will affect the prices of goods and services going forward from 2026 with the enforcement of the new tax law.
Thats some serious inflation brewing up there.
And we are just docile about it instead of being proactive.
Make Una wake up ooh!
Tax should not be more than 10% of PBT, in a country like Nigeria with enormous natural resources than most countries in the world.

What do we even benefit as citizens of this country?

Nigerians should prepare for hyper inflation if tax law is implemented.
Importers and manufacturerswill add tax to the prices of their goods.
Then wholesalers will add their own
Then retailers will add theirs.
Three levels of price increases will be passed on to final consumers.
They even said that professional businesses will pay tax irrespective of yearly turnover.
So expect things like medical bills/drugs prices to skyrocket!!
Nigerians wake up

People don't understand that this is going to be a very big problem for Nigerians.
Before now some companies in Nigeria already pay tax, workers(both government and private company workers pay tax) but what have we the citizens benefited from those taxes? NOTHING!!!!
GO and ch check UK or developed countries they are trying to copy, use AI and ask- "WHAT BENEFITS DO TAX PAYERS GET FOR PAYING TAX IN THE UK OR US?", and see the answer.
Bottom line is there's no accountability and honesty or certainty that your tax money will be used to benefit you, but be rest assured it is going into the pockets of a few individuals in government,- IT WILL BE EMBEZZLED!!!, take that to the bank!
So, you suffer and earn salary or do business then govt. Will come a take a huge percentage of your profit-
IMPLICATIONS ARE:

YOU ARE LITERALLY SLAVING FOR SOME PEOPLE IN GOVERNMENT.

YOUR SAVINGS AND PROGRESS WILL BE VERY SLOW

NIGERIANS, PLS WAKE UP!!!

This govt is not serious. They know the sponsors. Smoke them out, and eliminate this problem from the root.

Una neva see anything, next year dem go add tax join the suffering

mikeapollo:
The CGT law would most likely be reversed or reviewed drastically. Kudos to the Finance minister for listening to industry players on this mater
This new committe is a clear indictment of Taiwo Oyedele's committee recommendation on the CGT. And he made things worse for both the NGX and govt by his reckless comments.
Clearly, there was no wide consultation before they recklessly raised it to 30 percent for companies and PIT rate(s) for individuals.

A positive, much better recommendation by this new committe could engender another round of bull in early 2026.

The annoying taiwo oyedele guy, has no exposure to the NGX, so doesn't care about the negative outcome his draconian tax law has on the NGX.
All he cares about is he wants to please the president
I recall vividly reiterating that the major problem is the size of implemented CGT, from 0 to 30 percent, that's a huge chunk of your profit slashed of. You are literally slaving for the government, who hitherto has zero accountability on tax payers money.

LuapaJ,
if you fit decode this stock run oh
If e break below current weekly support,
Otilor oh!
No amount of marketing fit rescue am oh.

I hate this oyedele guy with passion.
Thieves in government.
They said they needed to devalue and make our naira valueless and also remove fuel subsidy in other to generate more funds as this will make lives better for Nigerians economically. Almost 3 years down the line after taking the above actions, the money generated has been looted(no accountability) with nothing to show for it and Nigerians are economically worse off and seriously struggling financially, no more middle class.
You enjoy nothing as a citizen, no free education, no free/quality healthcare, you source your own electricity, bad roads and worst of all, serious insecurity everywhere.
Yet they want to rip off the citizens the more all in the name of tax reforms.
Fix the country and provide the basic social needs to make life better for your citizens just like it's done in other countries where the citizens willingly pay tax, provide 100% transparency in spending public funds and strengthen our currency,
Then you'll not need to threaten the people to pay Tax.

Be careful with these penny stocks being peddled around here at this time.
Technically, they're not looking good.
Some people are seriously bleeding in them and are looking for escape route.
You might get dumped on.
I don talk my own oh!