₦airaland Forum

mrvitalis:
I would never work for an illegitimate government not even for a trillion naira

Secondly I'm not available to serve Nigeria not yet maybe in 15 years to 20 years time... Now all my energy is towards building my business

That was by the way though. Who sabi crayfish for inside banga soup?

However, how would this your idea be designed to tackle the problems I updated?

mrvitalis:
This is easy to get

In fact let me break it down in case

Implement a housing tax regime of 15% rental value of every house in Nigeria

We have a minimum of 20 million house with a rental value average of say 1 million pet year that's 150,000 x 20,000,000
.. That's 3 trillion

Use this money to give to banks to create a housing mortgage system... Banks can build develop housing low income houses in regions that needs them

Blocks of flash 2 bedroom and 3 bedrooms... Going for 10 million to 20 million each... With a good credit score and 20% down payment you can get a Margate at 5% interest rate for 20 years... So for 15 million house

You would be paying 790k mortgage per year plus your 15% rental value tax

This 3 trillion can build 250,000 flats and generate generate close to 20 billion I'm rental tax to government

Plus additional 50 billion tax from profits from banks
70 billion minimum per year and about 200 billion loan repayment

So you have 270 billion yearly now yo build more flats to sale and boom in 10 years the system can generate over 3 trillion yearly for the government


But what do I know

Cheaper houses for Nigerians,

First time I'd agree with this guy.
VP Shettima, just give this MrVitalis the mandate to put his conceptualisation into practice.

However, this plan would be faced with two big problems:
1. Depreciation of Naira, because the time frame is long (10yrs) and inflation is always too high in Nigeria.
2. Politicians, rich people, super rich people and the elite class will buy like 73% of all the housing units in bulk so that they can resell and make excess profits in just five years time.
That would defy the original intent of this your plan.

Bashirkareem31:
OK.Are you outside lagos?

Far away Akwa Ibom

Bashirkareem31:
lekki phase 1

Chai
Too far

Location

Op dey mad
Na Immigration be police for your eyes
Nonsense

adontcare:
This deadly thing stung me at the butt and I had instant miscarriage

Eweeh
Anty you sure say you no dey lie?

That means e go good for abortion oo

Maybe Toni Kroos been dey play for free for where him been dey

NwaAmaikpe:


If DSS does not want you to visit MNK, then visit your family members you've not visited in a while.

The sarcastic NwaAmaikpe is back!
Good to have you back man
I missed your inconclusive posts with mixed feelings
Don't run away again oo

Any write-up that is too long and clumsy mostly ends up being lies

Why una come censor the face?
Abi they never panel beat am yet?

22o62021:
Lol I do this always
I was about to create a topic on this

I ate food around 1:45pm today

And I drank water around 7:28pm this evening.

Shea you well so?

I just like this guy

Go Dbull!!

Dah
Wetyn I don miss because of that #29 eh, make I no talk sef make I no begin sweat for eyes

RoadMozart:
No Evidence

You go explain tire

First account registered in 2019
Abi 2020
Mbok I no remember again sef

Y

Omor
This guy get morah oo
See mind nw
God abeg bless all legit hustlers abundantly make we get excess money wey be say we go fit dey make this kind strong choices. God abegeth thee.

You mean Tinubu sent people to come and steal the iron brackets?
Seriously?
These are the set of people I'm sharing the country with?
Dear God!

Fraudsters

Nnija

Annang language
The Land of Promise

It will still end on paper. No implementation. It would be difficult to implement anyway.
Abi let them start from Nigeria Air Force first let's see how far

If Yar'Adua was alive to serve 8yrs complete, I'm very sure we would have still complained terribly.
How much was petrol price when Goodluck left office? But yet when he wanted a re-run, what did we tag him?

I trust my country people
No be 9ja again?

Dah
This is terrible
I pray no life would be lost.
Meanwhile, after the whole chaos, they should make investigations on the cause and put safety measures in place to avoid future occurrence.

To the guy below me, don't dedicate this mishap to anything oo

Happy birthday Senior man.
Thanks for creating this great forum and thanks for keeping it alive.
I wish you more wisdom in all your endeavours.
Enjoy your day man.

And he had to wait for it to get to this level before he sees a doctor...

Congrats sir
I wonder how your "dream apartment" looks like...