₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,344,289 members, 8,511,074 topics. Date: Saturday, 31 October 2026 at 06:04 PM

Toggle theme

Wallade's Posts

Nairaland Forum › Wallade's Profile › Wallade's Posts

1 2 3 4 5 6 7 8 ... 59 60 61 62 63 64 65 66 67 (of 173 pages)

Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 8:16am On Dec 11, 2024
Kukutente23:
You're the ignorant one
It is clearly spelt or in the constitution that any bill inconsistent with the constitution is null and void to the extent of the inconsistency. RMAFC's observation is very correct. You guys act like sycophants instead of reading to understand your country and its laws
Yea grin

If that is true then many existing bills (laws) should not exist or be "null and void" simply because they have one or few items at variance or in conflict with the Constitution.

You are funny. If you are a lawyer, then I wonder what your views will be.

Anyway, na you sabi. Enjoy your day, I have other things to do.
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 8:07am On Dec 11, 2024
Kukutente23:
Read section 162 clearly without bias to see what RMAFC does. You're just blowing air out of ignorance
I read the section 162 especially the part you made the letters bold and the primary observation that I can see there is that the role of RMAFC is advisory.

To the best of my knowledge, Advise is not mandatory on the person advised especially when you are advising your boss - in this case,
RMAFC reports to the Executive Federal Government of Nigeria so that is the boss in the relationship between RMAFC and the Federal Government.

Is that contrary to what I have been saying earlier?
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 8:00am On Dec 11, 2024
Kukutente23:
You wrote wrong
Any bill that's inconsistent with the constitution is null and void.
Even if it was passed unanimously by birth houses. Don't worry about what I think of the bill
We're discussing RMAFC's observation not mine
Seeing your statement in bold letters, I can conclude that you know nothing about laws and how laws are operated.

Do you even know the role of the judiciary when there are conflicting items in the law? I guess you don't and the most ridiculous assessment of you is that you seem not to care to know.

Anyway, that is your challenge, not mine.

Have a great day layman.
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 7:45am On Dec 11, 2024
Ahmading:
People should read and comprehend before committing. What the RMAFC are saying is :1-they are created and assigned task by the constitution. 2-,And the act of Parliament cannot surpass the constitution. 3- For the Vat reform to be legal, the constitution needed to be amended. Simple.
We should stop looking at things through our sentiment be it region, tribe or religion. We talk of building systems that works not people. Thats the only way the county will be great.
Oga, RMAFC was created by the Constitution of Nigeria - Yes. What are the functions and mandate of RMAFC? Maybe you should read about that, the Constitution of Nigeria is a public document so avail yourself one to read.

The proposed bill, if passed into law, does not supersede the Constitution - Yes.

In case of contradictions, the Constitution's position on the item of contradictions takes pre-eminence - Yes.

So RMAFC is just trying to create a confussion that does not exist. RMAFC reports to the Federal Executive Government of Nigeria and should stick to it's responsibilities and stop trying to order or control or command its boss especially because it's duty and mandate is ultimately advisory based on empirical and verifiable recommendations and justifications as a result of research and studies. RMAFC is not an executing body or law.
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m):
Sheuns:
Nigeria is not Yoruba nation or Lagos. Where is your regional government bill you all were singing to high evens about?
You are simply a tribal biggot!

There is no point having a reasonable conversation with you because your deep hate for the Yoruba people has beclouded and eroded your sense of judgement so much that you are not sane anymore.

You are lost already, kindly find yourself first before discussing the challenges of Nigeria.
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 7:25am On Dec 11, 2024
Kukutente23:
And what happens if a bill conflicts with the constitution? Is it not as dead as a dodo?
Just as you have issues, so do others. There's no analysis or simulation you've done to establish that the bill so bring out the best in states other than the parasite argument which is one-sided at best
Did you read what I wrote? You have the same problem that most people have with those Tax Reform Bills - you don't read and study documents.

Go back to read it so you can see my position and the position of the law on cases where any bill is in contradiction with the Constitution of Nigeria. Moreover, it does not nullify the bill as far as it has become law.

Your arguments against the bills are not constructive, unfounded and just pessimistic.

Let me hear you present an empirical and substantial argument against the bill and then we can have a good discuss on it.
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 7:19am On Dec 11, 2024
Atuero:
Aren't they empowered by the constitution to oversee that function? The man is speaking for his office not as a person.... at least, as they are empowered by the Government to do so, they should at least be consulted and carried along in the formation of the Bill.

That the executive arm of government appoints the judges doesn't make them above the ruling of the Judiciary if found guilty
The man probably doesn't understand certain functions of his office so he is attributing some powers to RMAFC that does not exist.

RMAFC does not determine the sharing percentages or review of the sharing ratio. RMAFC is simply a committee that can recommend reviews and suggestions on Revenue Mobilization to the executive Federal Government based on verifiable and empirical study and research.

The powers to review or change or enact bill or laws is with the National Assembly. The executive federal government can sponsor or push such or any bill to the National Assembly without recourse to the RMAFC.

The onus is on everyone, including RMAFC, who feels the need to impact the bill or make input on the bill to come to the national assembly on the date of the public discourse on the bill and make constructive contributions to ultimately arrive at the best bill to solve the challenge that must have informed the bill.

Simple.
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m):
Kukutente23:
Well.... that's another angle to the debate that might just be the death knell for the VAT debate
Oga, RMAFC doesn't make bill. It is a committee and at best constituted by the executive federal government of Nigeria.

A bill is a law once passed. A number of bills (laws) are in existence and sometimes they contradict each other but the ultimate law in Nigeria is the Constitution of the Federal Republic of Nigeria hence in such cases, the position of the Constitution takes pre-eminence.

The committee can join in the public debate on the bill on the floor of the National Assembly to make input on the bill but that committee can't effectively stand down the bill. RMAFC contributions can be considered in enacting the bill but RMAFC can't stop the bill.

Honestly, the only issue I have with the bill is the plan to increase VAT to 10% and ultimately 15% by 2030. If that is removed and the VAT is kept at the current 7.5% into the forseable future, I strongly think that the bill is equitable, just and fair enough and it will bring out the best in the states.

That is a fact.
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m):
aviara:
I keep imagining what south west would have been pushing for if the oil in the Niger delta was all domiciled in any of the south west states.

13% derivation given to oil producing states is so little yet Niger delta is not clamouring for more greedy south west politicians only thinking about how they can corner everything to themselves.
How is the proposed Tax Bills translating into Southwest politicians greed.

Doesn't the proposal favor every state?

Can you explain how it does not favor every state and Local Government?
Politics › Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 6:54am On Dec 11, 2024
Sheuns:
This bill won’t fly. Modifications must be made. Nigeria is too big to be run by one man.

Where’s the regional government bill they were screaming some months ago?

You must carry everyone along else your work no go show.
In your words:"this bill will not fly"; *modifications must be made... "

So when modifications are made, the bill can be passed. Does that mean the bill flew?
Politics › Re: I Told My Daughters To Retaliate If Their Husbands Slap Them – Emir Sanusi by Wallade(m): 10:52am On Dec 10, 2024
Dapromzy333:
https://news360ng.com/gbv-what-i-told-my-daughters-to-do-if-thier-husbands-slap-them-emir-sanusi-ii/
Well, can you imagine that statment from a genuine father?

I am not an advocate of domestic violence but gor the slapped lady to respond physically could be regretful and fatal, at worst

How would Sanusi reconcile that development, God forbid.

Sometimes, I understand why there is an interest to dethrone him as Emir. He can be irrational and careless with talks sometimes.
Politics › Re: You Can Remove 'Kemi' From Your Name – VP Shettima Tells UK Party Leader by Wallade(m): 10:36am On Dec 10, 2024
God1000:
You Can Remove 'Kemi' From Your Name – VP Shettima Accuses UK Party Leader Badenoch Of Denigrating Nigeria



https://saharareporters.com/2024/12/10/you-can-remove-kemi-your-name-vp-shettima-accuses-uk-party-leader-badenoch-denigrating?
Kemi Badenoch has a right to identify with whatever and whoever and any country she choose.

She isn't the first Nigerian to disown or disassociate with Nigeria.

Why are the Nigerian politicians particularly pained about her desire and strong will not to associate with them?

Nigerian politicians should rather check themselves and stop winning and complaining and being pained.

Leave her alone.
Politics › Re: The Way Forward For Dele Farotimi, By Kenneth Ikonne by Wallade(m): 8:33am On Dec 10, 2024
FreeStuffsNG:
The way forward for Dele Farotimi, By Kenneth Ikonne



https://www.premiumtimesng.com/opinion/760004-the-way-forward-for-dele-farotimi-by-kenneth-ikonne.html
Interesting narration of event that happened in the past and could become a precedent in this case of Dele Farotimi vs Afe Babalola and others.

I must admit that allegations against the judiciary is grave and sensitive because it has tendency to ridicule, damage and discredit the judiciary in Nigeria. You must have evidences to proove it. If you don't, I am so sorry. Little wonder that the judge remanded the lawyer in prison rather than grant bail immediately.

But like SAN Kenneth Ikonne suggested in this humorous and captivating article, Dele Farotimi may have a way out by "taking his words back", adopt humility and apologize.

I don't know if he would have to withdraw the books or revise the book for another round of sale.
Politics › Re: Dangote Refinery Seeks To Amend Suit Challenging Nnpc’s Import Licences by Wallade(m): 8:08am On Dec 10, 2024
TEYA:
OGA keep quiet. Go and tell your thieving leaders to fix our refineries, you guys have no shame a rice and spaghetti seller is building better refinery than you engineers with decades of experience in oil and gas.
You are not well informed if you are still advocating that the government should fix the refineries.

NNPC Limited currently owns the Nigerian legacy refineries.

Government should rather create an enabling environment for more refineries to be established by private organisations and empower the regulatory agencies to do their jobs, especially the consumer protection agencies.
Politics › Re: Dangote Refinery Seeks To Amend Suit Challenging Nnpc’s Import Licences by Wallade(m): 8:02am On Dec 10, 2024
Looking4Trouble:
Petrol will continue to be imported by anybody that has the capacity to. These devilish monopoly that Dangote wants on Petrol will not stand
Your point is taken and understood.
Politics › Re: Dangote Refinery Seeks To Amend Suit Challenging Nnpc’s Import Licences by Wallade(m): 8:00am On Dec 10, 2024
skywalker240:
Good




That won't happen

That Man is a greedy crook

Fact is, if he sells for 500/ltr, he will still be able to pay his debts, but greed won't allow
Your salient point is well taken. Where is Aliko Dangote on the Maslow's Hierarchy of Needs Graph illustration?
Politics › Re: Dangote Refinery Seeks To Amend Suit Challenging Nnpc’s Import Licences by Wallade(m): 7:56am On Dec 10, 2024
RedScorpion:
Why would Dangote challenge licenses granted to importers of petroleum products if he is not interested in monopolizing the market ?

Crude oil importation must continue

Dangote and other local refineries should also continue production...

That way, the market would be flooded with petroleum products and the price will remain down and stable for a long time..

If you stop importation and Allow Dangote to be the major supplier of petroleum products in Nigeria,

One day... The man would just wake up and increase the price of these products and there is little anyone can do...

Crude oil importation must continue

Dangote should not be allowed to control the market just as he wants.
I think it is not about crude oil importation, it is about petroleum products importation and particularly the gasoline or Premium Motor Spirit (PMS).
Politics › Re: In Support Of The Tax Reform Bills - Punch Editorial by Wallade(m): 8:02am On Dec 04, 2024
HIPOSOCRATES:
Proposed VAT increase from 7.5% to 15% the next 6 years is on luxury goods. Essential commodities that are for d masses will be totally exempted from VAT .

Kindly read the document to understand and not listening to d jaundiced view of some myopic individuals. If u want luxury, u should be able to pay for it.

The tax reform bills are very sound. However, the function of the National Assembly is to look at the bills holistically, adjust where necessary .
You are missing something: the bill already indicated essential commodities to be food, housing, healthcare and education items.

That neans purchase of mobile phone, data, airtime, laptops, shoes, clothes etc are not essential commodities hence will be chargedat 15% VAT.

Maybe you didn't read the punch editorial that is the subject of the thread. I responded based on the information on the editorial.

Define luxury item? Is data, airtime luxury to you?
Politics › Re: In Support Of The Tax Reform Bills - Punch Editorial by Wallade(m):
The only issue that I have with the Tax Reform Bills is the plan to increase VAT from 7.5% to 15% gradually by 2030.

I would prefer that the lawmakers should keep it at 7.5% for the next forseable future.

The government should focus on increasing the tax net coverage not increase the tax rates. There are lots of individuals who evade, avoid and are shielded from tax payment in Nigeria.
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 4:22pm On Dec 03, 2024
Kukutente23:
Outside of govt authorization? Which agencies are those pls?
Stop twisting my words. I said some government agencies are self funded. I did not say that they operate or spend without authorization. They generate income to fund the expenditures on their budget and remit the balance to government with a complete books of account including income and expenditure statement.

Securities and Exchange Commission, SEC, Central Bank of Nigeria, CBN, National Insurance Commission, NAICOM, National Pension Commission, PENCOM, Financial Reporting Council of Nigeria, and FRCN

https://proshare.co/articles/fg-directs-all-mdas-fully-funded-to-remit-100-igr-to-sub-recurrent-account?menu=Economy&classification=Read&category=Fiscal%20Policy

Does that answer your question?
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 3:54pm On Dec 03, 2024
Kukutente23:
How will a govt agency devise means of funding itself outside govt authorization? Govt agencies MUST be provided for by govt. Even the so-called self-funded agencies still get their funds from govt authorized or approved channels or mandates. You are making it look as if the aim is to privatize them.
We are discussing the tax bill. It does not have to be personal. Every Nigerian citizen is a stakeholder
There are a number of government agencies that are funding their budget annually and remit the balance of income to government account. These agencies will not be the first or last.
Politics › Re: Kano Assembly Rejects Tinubu’s Tax Reform Bills by Wallade(m): 9:49am On Dec 03, 2024
casualobserver:
When I was young Kano and Lagos were neck and neck economically….go and verify. Look at the disparity today. They don’t want development. Keeping their population jobless and poor means they don’t have to engage their brains as a leaders just collect allocation and chop and clean mouth.

Whatever the GDP of Lagos is now is what Kano’s should also be. Kano was a trading hub for all the surrounding countries in the Sahel and that made up for its lack of a sea port. But alas!! Sharia law and Almajiris is all we hear!
Tell them please.

People of Kano and North, can you hear this!
Politics › Re: Kano Assembly Rejects Tinubu’s Tax Reform Bills by Wallade(m): 9:49am On Dec 03, 2024
nwirinedu:
This is a lesson for all the states in the country. Provide a safe environment for businesses to thrive, dont force companies to relocate to Lagos, there is no reason why a company owned by a Northerner, Southerner or Easterner should site the headquarters in Lagos.

Truth is Lagos is very accommodating to businesses. States never encourage outside businesses to thrive the harass them and chase them out. A typical example is the new Dangote refinery that was originally set to be established in Rivers State, what happened?

They chased out. Now see the consequence.

The era of going to Abuja to share allocations of revenue generated by other states in coming to an end. Each to his own.

State creation should be based on the ability to generate revenue not on political sentiments based on leaching on others.
BAT means business.
Please tell them brother, say it loud so they can hear. I will help you amplify it.
Politics › Re: Kano Assembly Rejects Tinubu’s Tax Reform Bills by Wallade(m): 9:40am On Dec 03, 2024
NLCreator666:
https://dailynigerian.com/kano-assembly-rejects-tinubus-tax-reform-bills/
You can imagine - Kano state assembly is against the Tax Reform Bill.

Coming from a state that practices Sharia law where consumption of alcohol is prohibited but the Sharia states receive share of consumption tax and value added tax on the alcohol through the current tax income sharing system.

If a tax is not generated from your state, why would you want to share in it. Is that not pervertion of the tax system.

When the new Tax Laws are in place, you would have to improve tax collection in your states, drive FDI and local investment into your state to be able to generate more tax and earn more from the government sharing.

Where are the textile companies that were in Kano state? You killed all of them and you were OK with less companies operating or paying taxes in your states and now you are complaining because you have been reaping where you did not sow for years.

I remember that when Shoprite exited Kano, the major reason given was cost of doing business in the Ado Bayero Mall in Kano and the patronage. The mall was billing Shoprite in Dollars for Rent and Service charge, isn't that ridiculous. I can still bet that the mall owner were short paying taxes over the years, that is if they were not filing financial loss annually to enable them pay the least minimum Company Income Tax.

The breeze don blow, we don see fowl yansh

Let the North cry me a river on these Tax Reform Bills. I see through their Lamentations.
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 9:20am On Dec 03, 2024
Kukutente23:
Well, the Senate has passed the bill for second reading and they have not come up with a bill for the alternative funding of those agencies have they? So let's not be preemptive and go with what's on ground now. What's on ground is that by 2030, those agencies will wind up. except alternate funding sources are created for them.

Every agency including the self funding ones still have to submit their budget to NASS for authorization. You can't spend govt money without NASS concurrence.
The government don't have to come up with alternative funding for those agencies. They will have to be self sufficient and device means of funding themselves. They should rather be generating income for government or at least to fund themselves.

I agree with you on the bold statement but your budget is open to more scrutiny when it is the government that fully funds your agency and your agency generates little or nothing to the government account.

Do you work in any of them or your benefactors work with them or you get contracts from them?

Why are you so worried about them? They will be fine and remain in existence.
Politics › Re: Opeyemi Bamidele: 5 Key Takeaways From The Tax Bills by Wallade(m): 9:16am On Dec 03, 2024
Mightymanna:
I don't care what the bills says but Lagos and Abuja must not keep their Taxes after trillions of the National Commonwealth was invested there for over 50 years.
Please read about taxation so you can understand that taxes like Value Added Tax (VAT) and Personal Income Tax (PIT) are first, tied to the states where they are generated.
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 8:56am On Dec 03, 2024
Kukutente23:
Ok.... so how do you think TETFUND and the other two will fund themselves if their main source of funding is removed and the acts enabling them is not modified to give them another source of funding.
It's just like NMDPRA and NUPRC you're talking about. They generate money through administrative charges and license fees. So just imagine the collection of those monies is moved to FIRS and they are given zero allocation. Won't they cease to exist? Moreso when the main responsibility of these bodies is management of those same funds that's about to be taken from them? What else will they be doing?
And I don't know what you mean by exit govt budget system? Are you saying their budgets will no longer be approved by NASS and they are free to spend as they wish from whatever they generate?
Let us reason with the bill, the proposed tax reform bill did not remove funding fully from TETFUND, NASENI and NITDFuntil 2030.

They can source funding from international and national grants, investments and endowment funds.

The education development tax according to the bill will subsequently be given to a new agency (Student Education Loan Fund) that is involved in student loans and AIDS in gradual percentages until 2030 when the agency will receive it fully.

The law makers (representatives and senators) are the ones trying to enact the Tax Reform Bills so they should know that they will also have to review the laws that established TETFUND, NASENI and NITDF with respect to funding and other pressing adjustments.

What I mean by exit government budget system is that they will no longer have provision on the annual budgets of Nigeria - they become self funding government agencies.
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 4:13am On Dec 03, 2024
Bendeco02:
During Buhari's tenure, yorubas were the ones defending his flops on media

On this tinubu's regime, yoruba defends fellow yoruba grin

What we have now is sectional government.

Only people from his region supports and defend him. grin

His appointment is only his kinsmen

They don't know the region to concentrate their hate speech now. Whether North or East

The same zulum they praised few years ago. Some of them even predicted him to be tinubu's running mate before 2023. They are now attacking him because he said the fact.

For some of you southerners supporting this tax reform. Think and know who you're supporting.

Yoruba don't like anything that favours all or free and fair. They are self centered people. In years to come you will realise their true motive. Don't allow them deceive you with the south vs north rubbish
You are generalizing a statement, personal opinion, about a people, a tribe, without facts and empirical proof.

You called all Yorubas - self centered! How many Yorubas have you met or seen or studied?

Isn't that opinion of yours ridiculous and stupid but to say the least.

Come on, be reasonable here
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 4:06am On Dec 03, 2024
Kukutente23:
So why did Temitope Ajayi accuse Zulum of lying? What will TETFUND, NASENI and NITDF still be doing when they will be recieving 0% funds? Is there a provision for them elsewehere in the bill?
It seems Temitope Ajayi is the liar who obviously did not even read the bill
Besides, I don't know how the bill will help small businesses when most of the taxes paid by small businesses are paid to states and LGs who will aggressively tax them more when they see how much VAT proceeds have plummeted
Do you know that there are a number of government agencies that are no longer funded by the budget? The generate income to fund their activities.

Do you know that some other government agencies are soon to exit government budget funding system. A typical example is NMDPRA, NUPRC etc.

Zero budget allocation to TETFUND, NASENI and NITDF does not necessarily translate to termination of the agencies except if they are not self sufficient. There are other means to generate income to meet their mandate and objectives.
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 3:59am On Dec 03, 2024
Bizaustine:
You still evaded the question, zombie what are you doing with your miserable life😁

All and Sundry on the streets of Nigeria agrees that Tinubu is a clueless FAILURE a jobless tout like you that has no need to purchase fuel, use electricity, gas, etc and other logistics to run business is talking 😁😁 shut up and go and eat the mummy thank you that you came to this life to eat.
Your parents would definitely not be proud of feeding a goodfornothing lazy jobless tout like You.
Why all these insults?

You just want to make a point like him in a public discuss and you descend this low.

Come on people.
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 3:56am On Dec 03, 2024
Sundaymessi:
So, Prof Zulu has not read the bill? Dey play.
It is either he read the bill but doesn't understand it.

OR

He is deliberately misinforming the public about it and misrepresenting the facts of it.

If the later is the case, then he has a clandestine desire to stop the bill? We would need to know the hidden reason to push for abortion of the bill.
Politics › Re: Temitope Ajayi Knocks Governor Zulum by Wallade(m): 3:51am On Dec 03, 2024
Bizaustine:
This is even about Trust. The people don't trust where this is coming from bcus the person has shown without doubt to be a maximum clueless disaster. He is making a very big mess. He has become the biggest threat to the survival of businesses in Nigeria.

The Realities on ground makes it very hard for people to Trust this most nepotistic clueless worst President Nigeria has ever seen.

Reforms only work when people who have intentions to work for the people take charge.
How can someone who does not believe in Nigeria make Nigeria better.

Too many failed promises.
Did you say Tinubu is the worst President Nigeria ever had?

He has spent less than 2 years and you already have this conclusion.

What about Buhari government?

1 2 3 4 5 6 7 8 ... 59 60 61 62 63 64 65 66 67 (of 173 pages)