Daystar7:


A day old kid knows there's tax on virtually everything here in Nigeria and you're running from pillar to post now. You based your tax whatever on goods purchased and not on the power of the person purchasing said goods. I've given you UK and Dubai as example to help ur understanding but you still fail to comprehend simple explanation.
You don't increase vat based on increase in the price of goods. Increase in the price of goods is dependent on the law of supply and demand and is not relative to tax. When there's low supply, there 'll be high demand which in turn inflates the price of goods but this doesn't mean automatic increase in vat.
Take Garri for example, garri is now more expensive than it should ever be, what sense is there to increase tax on garri when there's already increase in price of transportation and logistics of the garri and the purchasers have low purchasing power? Increasing tax will only make sense when you increase their salary, that's how it works. Imported goods are cleared by paying import duties, this duties are added to the cost of goods by the importers and then distributed and like that it's covered in bits by the consumers. So each time you purchase anything you pay tax. Now increasing tax automatically cos there's an increase in price is not relative. Tax is relative to purchasing power and where goods are subsidized. The UK, US, Canada subsidize a lot for their citizens and get it back by taxing them. Now this tax is higher for those in the higher class than lower class.

you can't be helped.

Carry on.

Daystar7:


Do you even understand inflation and how vat actually works? Vat is not relative to inflation but to purchasing power. Increase in price is dependent on supply and demand and vat is not relative to it. Do you even realize that vat is just a government way of making money to run the government? That's why in countries like UK you have high taxation and it's those in the higher salary class that pays more. So having a high end job means higher tax and then countries like Dubai there's almost no tax. Tax is just a means for the government to raise money to cater for the needs of its citizens so if at all now the government no longer subsidize fuel, Naira and electricity the tax should drop.
Economics is a secondary sch subject that is compulsory yet ur level of ignorance is higher than the Eiffel tower. Then u lace it arrogance by terming it common sense. Lol. Agbadonomics. 🤡

the greatest handicap a person can have is to be willfully ignorant. Marry what I just taught you to this attached below and see if all of this mumbo jumbo you wrote makes any sense.

Read a little, it helps. You are clearly ignorant of the fact that just about everything you buy has VAT built into it, including bank charges.

Shiior

Daystar7:


What law of Economics is this pls? What then happen when there's an increase in purchasing power? Agbadonomics everywhere

it is law of common sense. If vat is 10% and the item you used to buy costs 5000 to produce and has increased to 8000, the vat you pay on the finished goods at point of sale consequently goes from 500 to 800...

simple sturvs

Is this an achievement? I guess dumb mofos and brigands think it is. Prices of everything increased, isn't it common sense that when the nominal value of an item has increased then the VAT which is a percentage of that will go up too?

Smh

Dear loud-mouthed imp, FFK!

If you're on Nairaland, please know that it is public knowledge that you have failed at everything you have ever set out to do. You have no legacy, no honour, nothing enviable..

A worthless taxi driver in the UK, a worthless failure as a minister, a worthless marital life, and now just a scrounger for anyone who can pay your going rate...

Just an epitome of absolute worthlessness and a stain to proper well-formed Yoruba men.

You ain't shit!🖕


Now, carry on.

Wainey:
When u see people that are goal driven, you will know, no be all these ones blaming Obi and Tinubu for their own failure.
Like someone said, u are a focused person, some people no fit save better 30k after NYSC but here u are saving 300k in this kind of economy.

My advice to u OP is to find one correct babe weh go build with you, her presence sef will help and chase leeches that will want to come and chop ur money.

good job OP.

First of, DO NOT do the bolded! Trust me you need to keep your focus, and I assure you that doing this will be nothing but a distraction and also a drain to your resources. Keep building yourself, women will come later!

I'm encouraged when I see focused people such as yourself. Truly, it is no mean feat to have had the discipline to save the sum esp in these crazy bulaba times. I can totally relate, I served in Jigawa 2010-2011, back when allawee was 9775. In an entire local govt only me and a pal of mine also made the good decision to properly manage our resources, everyone else were buying BlackBerry phones then and sharing pin. We bought guinea fabrics from Kano with all our savings and sold it when we returned home. My friend started a kerosene business with the proceeds of the sale and it really boomed at the time before kerosene went out of style. Like me he also built his house from the business even before he got married. As for the money I made, I kept reinvesting in just about anything that I could easily buy and sell to turn a profit. I didn't get my first job until 2013, after finishing service in June 2011, but by the time I collected my first employment letter I still had over 200k in the bank just from not squandering the meagre money I made during that youth service.

Well done JayDuke

tensazangetsu20:


UK is just an overrated country. Aside the presence of electricity I dont even see the difference between Nigeria and the UK. I have friends in the UK with the same experience level as I am and they cant even get a job interview despite being there for more than a year o. They will be saying UK experience. As if the javascript written in the UK is different from the one written in Nigeria. Canada is a much better place but an extremely difficult place to survive if you arent well loaded. Australia has made great changes to its post study scheme. I am so glad I followed an uncommon route and I like it so far.

lol🤣🤣 at the bolded

tensazangetsu20:
Exchange rate palava. Also immigration policies have become very stringent now.

it is more due to the tightened immigration policies than the exchange rate. The majority were borrowing to travel, so exchange rate wouldn't have mattered if the rules didn't change. Over 80% of japa geng headed to the UK for one prime reason, it was very easy to do so, compared to the rigors of maxing out IELTS and still learning and acing French to be able to get into Canny for example, just to qualify ooo, aside all the money you will also spend.

Unfortunately, the UK has given japa geng sliding tackles since this year and that my friend is why everywhere quiet. I read here yesterday that a ton of Nigerians are now claiming asylum from the UK to enter Ireland, sotey that one sef don cast, expectedly and understandably so. How do you claim asylum from the UK ffs?🤦

sisisioge:
This insult is too much! They should do this DNA already to shame the devil biko. As in quick quick! No time to say no time!

I also expect her to do that ASAP. Why she's foot-dragging iono oo. You have a golden opportunity to shame everyone who has spoken ill of you on the matter, so why ain't she jumping at that? She should do the needful if she isn't hiding anything.

terabyte002:
Before you abuse Mohbad father, you have to understand that Wunmi is actually still under 30 and will surely remarry and get other children. That being said, she will champion all the Mohbad properties to his new husband or bf at the expense of Mohbad Father thats ordinarily supposed to be the custodian of his son assets. If the father will actually lose it all, at least he deserves to know whether the boy is his grandson.

sensible person spotted. I don't understand why simple common sense is just so hard for a lot of people.

Tetrahedron:
Below listed are the least powerful passports in the world.
That means these countries have the fewest visa-free entries to other countries.

Nigeria is at the bottom of the list

while I know our passport is worthless, you misinterpreted the post. Based on the post, Afghanistan is the overall least/worst in the list of 'worsts' with 28countries while Naija is the best in the list of 'worsts' with 45 countries.

nedekid:

My card works internationally. Aliexpress etc. $3k monthly limit.
Normal naira bank card.

for real?? Bubu reduced it to $20 limit per month in like 2021/2022. Since then, I no even bother to use card buy anything abroad again. Any idea when the embargo was lifted? If no be say na you type, and I know you on here, I for say na lie.

Modified: I see you have provided more info on the bank/card, but still I'm curious. Does this mean even since back then wey dem place the embargo, you were able to bypass all that with the providus card?

Zxcvbnmghtr:


When last did you even come across OMO detergent.

that is produced by unilever which has also exited, not that you would know either of these two facts.

Great achievements to have multinationals that have been around for 100s of years all closing shop. E patewo fun Tinubu👏

Jonjam269:

Tell us the one built by your Pandora fraudster and serial party defector! IPOB cannibal and obirodent miscreant!

you are an inconsequential scrounger who's worth less than nothing to me.

Carry on

Not Nigerian doctors

kot1917:


You can’t compare the wealth in Lagos to that of ondo

true oo, but see, make we no dey make excuses for these guys jare. Werey ni won. See sample of allocation to states in May 2013. Bear in mind, naira wasn't tissue paper then o.

See how much Ogun got, see how much Oyo got, see how much Lagos got, and see how much Ondo got. I won't speak so much to Ogun cos na Abeokuta Ogun state development start and end, but I dare say Ajimobi tried with the resources he got in Oyo, aside his big mouth and caustic personality, and of course him thievery too.

Thankfully Makinde consolidated on all the good work and really has now reshaped Oyo state, thank God. You wan try Ibadan now😁 (for the most part).

Na this electricity remain now that states and individuals have been given go ahead to invest in the electricity sector.

He should sit back, relax and study the UTME.

Brendaniel:






And Lagos international airport was built in 1939 in Ikeja by the federal government for Lagos state, so you guys want to tell us that the federal government was developing another state at the time according to your narrative of Lagos FCT.

That is like saying Abuja airport today is not part of Abuja that it is part of Nassarawa...



https://autojosh.com/murtala-muhammed-airport/

according to NL miscreants, na Tinubu build the international airports and ALL the corporations that have been headquartered there before he was born. He even built the secondary school he went to, attended it and graduated from it before it officially existed.

Not too much to ask right?

Same diesel that we are rolling out drums for was less than 850 in May 2023, and it was NOT being subsidized then. But somehow idiots think we're better off and should be grateful.

Hopeless mantra backed by hopeless bastards!

richiemcgold:


You are wrong! Very wrong!
The only university of medical sciences in Ondo state was sited in Ondo town by Mimiko.
There are only 2 Mother & child hospitals in the whole of Ondo state, one in Akure, one in Ondo. Both were built by Mimiko.
Mimiko also built thevonly Orthopedic and traumatic center in Ondo state in his Ondo town. Even the general hospital in Akure referred patients to this center.
Before Mimiko became governor, the major road in Ondo township in just one-way road, Mimiko turned it to dual carriage road.

What else do you expect from him? Were you expecting him to abandon other parts of the state because of Ondo town?

I knew you would say that. He created the trauma centre and mother and child. But I was in Ondo then thankfully so I know better.

The three roads that were dualized in Ondo town where he is from and for 8 years as governor were Inward Ondo from Akure express way, and the two connecting roads from that road; 1 road that goes to Ife garage and another that goes into the other part of town (can't remember the name) all three roads were not up to 1km each.

He also built mother and child hospital in Ondo and Akure and Trauma canter in Ondo. The medical school linked to the trauma center was initiated by him on his way out, but that was all, INITIATED. Akeredolu takes the glory for that cos he executed it.

So we have three roads of less than 3km and a trauma center for Ondo.

The Trauma centre in Ondo, and mother and child (Ondo and Akure) though a laudable project that many benefitted from, esp mother and child, by way of free childbirth (people were coming from far away Benin to chop this freebie) was not really solely funded by him. I'll explain cos I was involved in this. He built the edifice, and he bought some good equipment I won't lie, but you see all the medication and consumables down to gloves, Mimiko no pay shingbai till he comot. But he took all the glory and the goodwil for both projects. The pharma companies that supplied all those items running into tens of billions na them lose. I no even know if those debts still dey till now, or if Akeredolu settled it.

I was in the pharmaceutical industry so I know what I'm telling you. So many companies were already hooked and of course stopped supplying, and it got so bad that those lovely edifices had to go and purchase any items they needed at local pharmacy with cash in hand by about 2015/2016. I saw the debt sheets with my korokoro eyes cos I was also lobbying to secure a huge LPO for my company then, and the HOD na Ondo man too, so I use my knowledge of Ondo dialect take enter am. Some wey dey eager to sell and didn't know were still supplying and adding to the huge debt figure. The man had to clear me say make I no bother cos as at 2013 mother and child was already owing over a billion (and rising) to various pharma companies for drugs and consumables. Trauma center own even worse, but like I said I won't lie, yes he built those projects and put some really good equipment there. I recall the trauma center as at that 2013/2014 took delivery of dialysis equipment and was the only dialysis center to use in Ondo as at then.

I also know how many people in Ondo ravenously supported him seeing as he is from Ondo. We had very high expectations that he would finally really give Ondo a much needed break and transformation after all the others before him all neglected to do so. Less than 3km of road and trauma center is something, but that wasn't all Ondo was expecting from Mimiko from an eight year tenure.


Again, you need to see what Ambode did to Epe in 4 years to understand why I'm not clapping for Mimiko for less than 3km of road and trauma centre in 8 years

Oloshi

After 8 years of the gross disappointment called Segun Mimiko, aburo sef wan chop. Ori yin ti buru.

Omo ale Mimiko that couldn't even let his own home town, Ondo town feel his impact for 8 years while he was governor. Go Epe go see wetin Ambode turn Epe to.

Shiior!

What does roasted corn of electricity mean? Also what is bulaba?

Awon opunu radarada. E ma worry, e ma ge ika je laye oshi yin yi las las ni. Una don dey wasted already.

Zahra29:
I remember when the Ireland trend was discussed on this thread. Thankfully some posters cautioned against it, because this route has "casted" like so many others involving Nigerians. Below is an update from the Irish government:

More than 80 per cent of people applying for asylum in Ireland are coming from the UK over the land Border with Northern Ireland, Minister for Justice Helen McEntee has estimated.

The Department believes that the overwhelming majority of those are coming from the UK and across the land Border. The Government believes that a significant number of Nigerians are coming via this route. There has been a spike in applications from that country.

Cabinet agreed that IP applicants from this country will be subject to an accelerated processing regime from Tuesday.

Ms McEntee, who said that the new pact would mean that people will spend “less time in State-provided accommodation and ultimately are more likely to be returned to their country of origin”.




https://www.irishtimes.com/ireland/social-affairs/2024/04/23/80-of-asylum-applications-to-be-processed-within-three-months-under-new-eu-rules/

why though? Are they trooping to Ireland to somehow shield themselves from the sliding tackle that home-office delivered by way of the tightened immigration rules?

Funny folks on here.🤣🤣🤣

You'd think all the peeps here are like Sim Shagaya or Otedola or something.

I type and I send VNs too when I feel I have a lot to type and I don't want to summarize and risk cutting out some cogent points.
If you like listen, if you like no listen. Infact I pray and hope wetin I send you na something wey go dey beneficial to you and you don't listen cos you're posh like that...


Same people complaining here will attend an interview and complain about how the interviewer is too rigid and wants things only his/her way, but dem dey here dey shout on top VN. As in you go legit think say na VIPs full the thread🤣🤣🤣

All of una wey dey post the links to the sites wey e still dey as evidence, why na? Now una don give 'IT expert' the necessary info about the websites to target to pull the video down😡

The one wey I jus confirm now now say e still dey easily accessible abi another one. I didn't even have to do hard digging, it was right there on the page 1 search results. Lol

dettolgel:


I was right because of all the things you wrote up there, there is no single statement that addressed the issues I raised. Rather you were busy making it personal.

I will humor you and come down to your level maybe we can make a head way.

1. Are you optimistic that Arsenal will do well down the road because you believe that they have the right players and right coach and that after every defeat the coaching team go back to the drawing board to review their error and try to adjust for the next game or you based your loyalty on blind trust?

2. If you invest in a company and year in year out they have been bleeding cash without any strategic move to turn things around will you continue to throw money in it or will only continue to throw money in it if you are certain that the new steps they took will yield profit?

3. If your answer to any of the above is solely based on blind loyalty then I am sorry to tell you, you are the type that can easily be manipulated into wearing suicide vest.

By the way, because you were born yesterday does not automatically make you right. You could be old as Bleep and still be as dumb as a rock.

well said. Very good analogies👌...Nothing more to add

grandstar:
The true value of the Naira sits between 1,300-1,400 based on present fundamentals. Anything stronger will harm the economy. It seems Tinubu is more perturbed about a loss of face over a dwindling Naira than accepting reality.

The nation needs to reinvent it. The dependence on crude oil sales for the bulk of the countryš forex is a scourge and needs to end.

The focus now should be an "export or perish" mantra. The desperate clinging to a strong Naira policy will adversely affect exports growth.

The government's goal should be to triple exports within 10 years, the majority being non-oil.

It can only achieve this by deregulating the price of petrol which will induce massive investment into the downstream sector of the economy which has for long suffered a dearth of investment due to the subsidizing of fuel.

Next, should be the deregulation of electricity prices. Let's Discos charge cost reflective tariffs, so huge investments will flood into power generation and distribution to ensure ample power supply for new factories and businesses popping up.

Next should be the lowering of companies tax to less than 20%. Low corporate taxes have positive transformative economic as they lead to a surge in investments, both foreign and local boosting economic growth to the heavens. It's what many Central European countries in the EU have long implemented and with superb results.

More reforms are needed but this should be a start.

lol.

One thing I sha appreciate you for is that unlike the zombies in here, you do admit when you come to realise you've been fooled, or when you realise you were wrong. This is why I still enjoy chatting with you.

We can support whomever we want but shouldn't be a blind zombie about it.

I can see you have also seen 'the float' for what it is. Remember, I said just like Buhari's float was dissected years later to get the truth, Thubv's own too will be dissected to show what is really what. I'm happy we didn't have to wait so long for you to see that the float again just as with Bubu, wasn't a float afterall.

Lol. I already itemised all the problems in my thread earlier in the year.
https://www.nairaland.com/8017949/way-nigeria-people-govt-got

One of the problems I stated was the gross inconsistency and lack of transparency in this accursed APC gofment. You simply don't/can't know what to believe, when lies and propaganda na their oxygen🤣

When you are just so darn inconsistent and untrustworthy, what really can you achieve?

Even the refineries that are critical to achieving the naira stability, na so so lies upon lies full the matter. But they expect us to foolishly waste our dollars. Smh

Hoelujohn:

What do you mean? Anyone that has spent upto 5 years in UK should be able to boast of minimum of £500k in his or her account apart from people that spend lavishly and like going to club

this had better be sarcasm, cos if not, your delusion is from outer space. Make I call Lexusgs430 wey get two generations experience for UK make he come see this your 'theory'

500k GBP as PM Rishi Sunak abi