₦airaland Forum

grandstar:
Oga, to increase the present tax collection from 6% to 25% no be beans. It will be very tough o! Most government should target for now is 10%.

This will involve the doubling of VAT, the reduction in corporate taxes to 12% and increasing the base of those that pay it to at least 50%. Removal of the fuel subsidy will improve government revenue by only $1.7b or 0.3% of GDP for instance. A petrol tax of N20 per litre could yield about 300b a year.

I think that the cbn tax on deposits of 500k and above are to increase tax collection.

victorian:
I'm not a prostitute because prostitute dress half naked and stand by the street waiting for customers

While I dress kitted up and smart, lecturing a class and consult for people...

I use my brain and ideas to make money and create wealth for people all over the country and some areas of the world. People sings my praises off nairaland cos I'm a source of light to them, mostly women.


Not my pussy Huncle

That's the difference and I'm proud of my job and everything that makes me who I am!

I'm so proud and happy with my job

You seem like a very confident woman.

[quote author=pocohantas post=82449349][/quote]Baba just dey misyarn.

grandstar:
This is utter nonsense. Money down the drain.

It is worsened by the fact government wants the manufacturers to patronise locally made cotton which is notorious for its low quality.

Government should simply allow the market to work and pick and chose winners. This will involve Creative Destruction which the government rejects in the textile and garment sector. The state has always been poor in choosing winners.

The best step government can take to improve the fortunes of this sector is actually the very opposite of its present redundant policy and that is to fully open up the sector to foreign trade. Zero percent import duty on textile fabrics will be a boon to the thousands of mom and pop tailoring shops that abound. The Economist called it 'the kind of unflashy industrialization that actually creates jobs'. Also, many medium to large scale manufacturing factories will be set up to produce garments for both the local and international market. I suspect a horde of Chinese manufacturers will set up shop in Nigeria importing fabrics from China, turning it into garments primarily for exports to nearby Europe and other parts of the globe.

Eventually, many fabric manufacturing plants will be set up as many garment producers will want faster turnaround time and speed to market and that can only be achieved with fabrics produced within the country rather than wait weeks to receive consignments from China. If such a policy like this was implemented, the textile sector will be much bigger than that of the 1980's.

It is time the government applied proper economics rather than the over repeated hubris that achieves negative results.

Why is emir sanusi protectionist ?

devigblegble:
This is one of the reason why I believed that we living in a crazy , lunatic , stupidity world , just imagine the amount being raised ($62000) for a whatever they call it cause but we have children locked up in cages, kids sleeping on the streets in Arabian countries, and kids struggling to get just a meal in a day and the list goes on ...

I don't think any of the problems you listed are their problems.

blingxx:
You forgot the fact that madara was a warlord, a war tactician who fought countless battles alongside hashirama during the war
What tf is aizen without the ogyoku(forgot the spelling) .. To me aizen is an asslicker a guys who wins every battle by intimidating his opponent, making them feel unworthy and loss focus
Aizen without the oogyoku won't be able to beat itachi without prep time not to mention madara


Do you remember how aizen starting ranting and running mouth when ichigo overpowered him. It's obvious the guy is suffering from a mental illness it's called "god complex" he couldn't handle failure at that moment, madara would have chill and think instead of ranting

You are trying to compare a warlord to an asslicker

Una just dey call me since morning

Otuegbe:
every country in the world imports. I don't know why this guys think our problem is only importation .

The emefiele dude doesn't seem very bright.

asuustrike1:
We have to start from somewhere. Many Nigerians have refused to consume local products. Although I suggest high tariff instead of ban

Many Nigerians don't " refuse " to consume local rice.they go for foreign ones because they are way cheaper. It's not by force for a country to produce everything.The u.s with all their level of advancement still imports coffee ,honey and live animals. Of what use does buying expensive rice benefit the impoverished masses.

asuustrike1:
They available just that many Nigerians are hoarding it

No sir , Nigerias local production has failed to meet up with demand.If the production met up with demand , they will be no importation of rice.

midolian:
Things will only be expensive as it is now only for a short time. By the time people see the only option we have is to consume our locally produced goods, it will encourage more to go into the production. This in the end will bring competition among the producers... naturally, the prices of these items will crash.

Look beyond now, pls

I think we said that about cement.

Spoiler alert .. the price of cement never crashed.

asuustrike1:
Patronize made in Nigeria rice instead

Expensive and scarce made in Nigeria rice ko ?

Blue3k:
Lol if Nigerians could import beef cheaply the herdsmen will be shocked how quick their market share evaporates. The USA will gladly supply Nigerian with beef without all the drama.

What makes beef in Nigeria expensive ?

Blue3k:
I dont know I never looked into it. I know Nigeria could have cheaper meats if the allowed imports. I think Ratello consider annother conspiracy. The government banned pork and beef imports but allows frozen fish imports. If we had cheap alternative to Nigerians would simply eat USDA American beef and pork. It's just protectionism running a mock.

Its funny they seem to understand productivity issue I drone on about when it comes to beef production. Its the reason they're bent on doing ruga/NLTP. The ban didnt make herdsmen more productive it just makes meat more expensive.

Shit , so we previously used to import beef.

Blue3k:
Its been that way for a few years now. I only started paying attention last month when I downloaded CPI after buhari announced forex ban on food. Food processors will be impacted but they'll have end consumer eat cost.

They said since 2017 , the world has experienced decrease in food prices except from Africa.

Blue3k:
Its obvious whats going to happen. You're going to get higher prices which will cause more inflation. Food inflation seems to drive CPI. If you're not sure what going to happen just look at previous bans done recently.

Doing nothing is better than making situation worse.



Thanks for compliment.

Chaii , food inflation is even worse than normal inflation . I never knew that.

grandstar:
MERCHANDISER
Taiwan is light years ahead of China.. Taiwanese companies played a major role in China's industrialisation.

if you use a. iPhone for instance, it is manufactured by Foxconn, a Taiwanese company with over a million employees in China. There are so many Taiwanese companies in China that up to one in ten Taiwanese adults lives in China

I think when a lot of people read news headlines and see that China is the world's second largest economy and stuff like that , they feel that China is developed.

pocohantas:
Naija guys and imposing their opinion on women. Everytime "find a guy and build with him". Na by force? Did I study Building abi Urban and Regional Planning?

pocohantas:
So, I should stop lending?

Or start charging interest?

A colleague took a loan from me to play Bet9ja. Can you imagine?

Mad o

KendrickAyomide:
China is not developed?

No it is not.

KendrickAyomide:
I said low budget China. I was talking about Taiwan. Be smart brah

Brother , Taiwan is a developed country.China is not even developed.

grandstar:
This is utter nonsense.

Between 1999-2013, the economy grew on average 6% a yearly leading to a doubling in GDP.

Since his ascension, growth has been barely 1% per annum, with 90% of it caused by forex control policies Buhari introduced. Someone with a poor knowledge of economics has no business dictating economic policies. Countries can still grow fast despite high levels of corruption

How ?

grandstar:
Stalin, a White man, the leader of the USSR oversaw the death of 20m of his people. Adolf Hitler, a White German, started World War 2 which saw the death of up to 60m people, the vast majority were white

In Colombia, there are lots of kidnapping and if payment isn't made, they at times kill their victim.

In the early 1990's, the Serbians of Yugoslavia started a policy of ethnic cleansing against fellow whites in the former Yugoslav states of Croatia, Bosnia and eventually Kosovo late in the 1990's.

For gross inhumanity to man, it is as if we Blacks carry last.

Please base assertions on facts and not emotions.

And in the u.s ,white men go on Mass murdering sprees for no good reason.

grandstar:
Stalin, a White man, the leader of the USSR oversaw the death of 20m of his people. Adolf Hitler, a White German, started World War 2 which saw the death of up to 60m people, the vast majority were white

In Colombia, there are lots of kidnapping and if payment isn't made, they at times kill their victim.

In the early 1990's, the Serbians of Yugoslavia started a policy of ethnic cleansing against fellow whites in the former Yugoslav states of Croatia, Bosnia and eventually Kosovo late in the 1990's.

For gross inhumanity to man, it is as if we Blacks carry last.

Please base assertions on facts and not emotions.

Ten thousand likes !!!!

Stevecovey:
Because they're not corrupt and government is small.

Botswana too isnt a corrupt country and has a small govt yet it isn't rated as high a s Rwanda despite having a per capita income of $8000 as compared to rwandas $ 800. Botswana is the least corrupt country in Africa.

grandstar:
This figure is a disgrace, a massive disgrace.

If a country like Rwanda which has a GDP at most a third of Nigeria and with virtually little or no resource, then corruption is a very serious. The culture of impunity is simply too ingrained and Buhari has barely shifted it a tiny little bit.

The sad and abysmal state of things is the mirror reflection of Babangidas rule.

He completely corrupted the polity as he made corruption honourable and fantastically corruption, noble in deed.

To understand how much he corrupted the system, it was his time i. power when 419 started. CBN office on Lagos Island was even used to swindle unsuspecting foreigners. It was respectable to be a thief.

The entire gulf war windfall disappeared without a trace.

Also, mediocrity was endorsed while merit be damned. Prior to Babangida, it was said that NEPA employed the bezt electrical graduates in the country. All that stopped. Cronies were just given posts so they can simply come and chop. Standards sank and thats the way rhings are today. Many institution are in tatters.

How can you build enough roads or manage them properly when the cost are 3 times the normal sum. Despite the stratastrphic prices, a shoddy job may be carried out. Worse, no one is made accountable and therefore perpetuating impunity.

Rawlings left a culture of probity in Ghana while Babangida left the opposite.

I have a feeling this wef stats are highly subjective. How can Rwanda with such a small gdp per capita have one of the best roads in Africa?

grandstar:
I don't know about chronic but unemployment rate is very low.

I don't even understand why because the economy isn't growing very fast. it once did though.

what's even interesting is that women are an active part of the Labour. The unemployment only considers those willing to work It excludes those unwilling to work such housewives.

They said it's because many if the employed are in the informal sector.About 60 percent of total employment.

grandstar:
Google it. Presently stands at 29%. An unemployment rate at 10% is quite high and means it's hard to find a job. So 29% is very high.

Nigeria's 24%. Italy is around 10%. Thats why Immigrants there are seeing pepper.Thailand is 1% which is probably the lowest in the world.

They say Thailand is suffering from chronic labor shortages.

supremenews:
Yolanda, the South African model who Emeka Ike flaunts as his love, is heavily pregnant.

Back in February, Emeka Ike called her his "love", his "one and only" and his "peace and joy" as he shared photos of her having lunch with his kids to wish her a happy birthday. His followers also celebrated her and referred to her as his "wife".

source: https://www.titiloyeblog.com/2019/09/emeka-ike-is-expecting-child-with-his.html

Naija bloggers though, which one come be " heavily pregnant "

franchasng:
Venita only has a pretty face, her shape is zero!! Her tummy not looking cool. They have evicted the pretty ones though.

Mercy doesn't have cute face but her buttocks can draw male attention, nothing else about her.

Cindy and Diane are just a normal average Nigerian girl look. Khaffi I like her free spirit.

Esther is a confirm Ijebu local chick with her miss pepeye voice and nice buttocks only

Mercy is cute af

.

devigblegble:
It’s a NO cuz Grammy is full of shI.t, I’m still wondering what Cardi B sang for her to win Grammy but I realized something in these music industry..... if you know you know

Cardi b was featured in a bruna Mars sing that wjn Grammy .Thats how she won it

Blue3k:
The issue isnt debt to gdp. It tax to debt or tax to gdp. The ststes and federal government collect next to nothing living off a oil rents. They would still need to be responsible obviously.

Lmao , the tax to gdp ratio of Afghanistan is even higher than ours.This is not a serious country at all.