₦airaland Forum

DEROX:
Na trap oo dey wan tax una life

Kpartners:
TIN nko?
What is the solution

ProfGday:
Nobody needs to tell you that there are lots of bots paid to launder the image of this current administration on this platform.


To such people, ignoring them is the best option. Even the blind can see that Tinubu have nothing to offer Nigeria and Nigerians.

Samtob90:
If that is the direction your brain takes you to, nothing can be done than to just show you sympathy.
If you have ever crossed the national boundaries, you will clap for the policy

JaskanFactor:
We have had

global scamdemic about humiliating the global population and injecting people with #&%#$%

global cost of living scamdemic where the cost of all essential items multiplied Astronomically

And now the current global scamdemic is about robbing people blind with tax as a tool for depopulation,

all over the world people are running around like headless chicken looking for place to hide from the thieving tax man , who does no work but collects everybody money. All those who fled to dubai are now having to pay tax too, all those who fled to Asia Thailand etc are having their bank accounts closed.

If you dont know the tax will keep rising until the world population is down to ghost town , well for those planning to defy them by having kids , now you know. You either join them get rich have kids, or dont join the armed robbers and have no kids. Cause where all this is going you will not be able to afford family if you dont join them, them being the people who are well armed enough to collect everybody money without doing any work themselves.

The final solution of Adolf Hitler in progress through bandits, fire, flooding , kidnapping , cost of living, taxation .......

DatNiggaDaz:


They are looking how to tax every transaction involving Nigerians living abroad.

If you know what is good, don't fall for their pranks because at the end, you will be paying for more taxes than transactions

Moroccoguy:
We are getting close day by day, it may take time but surely we'll get there one day.

RemoveKebab:
lol you compare the situation of UK to US
Look well do you think majority of native English are happy with the state of situation?
UK is done thanks to extreme leftist suicidal ideology


US is the only saving grace of western civilization and Europe

The CBN just removed these 7 banking barriers for Nigerians abroad.


The Central Bank of Nigeria has finally dismantled the longstanding obstacles that have kept millions of Nigerians in diaspora disconnected from their homeland’s financial system. With the launch of the Non-Resident Bank Verification Number (NRBVN), yesterday in Abuja, the CBN has systematically eliminated barriers that once restrained Nigerians abroad from making seamless and cost-effective financial transactions to Nigeria. This transformative initiative is already eliciting much excitement from Nigerians living abroad as a dream come true. Now they can make transactions from anywhere in the world as if they’re right in Nigeria.

1. Mandatory physical presence for banking services

The Barrier: Previously, Nigerians abroad had to physically travel to Nigeria just to open accounts, update information, or complete basic banking tasks.

CBN’s Solution: The NRBVN has eliminated this requirement entirely, allowing complete digital verification from anywhere in the world.

What This Means For You: No more expensive flights home just to handle banking matters. As CBN Governor Olayemi Cardoso highlighted at the NRBVN launch, this removes “considerable costs in terms of time and financial resources, especially for individuals residing in remote locations.” Your financial connection to Nigeria is now independent of your physical location.

2. Limited access to Nigerian financial institutions

The Barrier: Distance created an insurmountable wall between diaspora Nigerians and Nigerian banks, restricting their ability to fully participate in the financial system.

CBN’s Solution: A comprehensive digital platform that connects Nigerians abroad directly to the entire banking ecosystem.

What This Means For You: You can now open and manage accounts, conduct transactions, and access the full range of services from your phone or computer. The new platform creates what Governor Cardoso calls a “single digital gateway” that enables “seamless access to banking services” for all Nigerians, regardless of where they live.

3. Restricted investment opportunities

The Barrier: Complex procedures and verification requirements effectively blocked diaspora participation in Nigeria’s growing investment markets.

CBN’s Solution: The NRBVN paired with the complementary Non-Resident Investment Account (NRNIA) opens access to the full spectrum of investment options.

What This Means For You: Direct participation in Nigerian stocks, government bonds, real estate, and pension products is now possible without logistical headaches. The CBN has ensured you’ll have “the flexibility to fully repatriate the proceeds of your investments” when needed, removing another major concern for diaspora investors.

4. Expensive and insecure remittance channels

The Barrier: High fees (averaging 7%) and security concerns made sending money home both costly and risky.

CBN’s Solution: Formalized, regulated channels with lower transaction costs and enhanced security measures.

What This Means For You: More of your hard-earned money reaches its intended recipients safely and efficiently. This barrier removal is set to boost remittances, one of many initiatives to enable the CBN meet its $1billion monthly target from $4.73 billion for the whole of 2024.

5. One-size-fits-all banking products

The Barrier: Nigerian banks rarely offered financial products designed for the unique needs of customers living abroad.

CBN’s Solution: A formal directive for banks to develop specialized offerings for diaspora customers.

What This Means For You: Access to financial products that actually understand your cross-border lifestyle, including specialized savings accounts, diaspora mortgages, curated investment bundles, and seamless cross-border services. The CBN has explicitly called on banks to “proactively develop and offer products specifically tailored to meet the unique needs and preferences of our diaspora community.”

6. Inconsistent regulatory framework

The Barrier: Unclear and often changing regulations created uncertainty and risk for diaspora financial engagement.

CBN’s Solution: A clear, consistent framework built on successful models from countries like India and Pakistan.

What This Means For You: Confidence in a stable, tested system that has proven successful elsewhere. India’s similar framework has attracted $160 billion in deposits, while Pakistan’s Roshan Digital Account has pulled in nearly $10 billion. The CBN has adapted these successful models to Nigeria’s specific context.

7. Disconnection from economic Nation-building

The Barrier: Distance often prevented diaspora Nigerians from contributing meaningfully to Nigeria’s development.

CBN’s Solution: Formal channels for investment in development projects and job creation initiatives.

What This Means For You: The ability to strengthen Nigeria’s economy and support community development from afar. As Governor Cardoso emphasized, this initiative ensures “that every Nigerian, no matter their location, remains connected and empowered to contribute to Nigeria’s vibrant future.”

This landmark initiative represents what the CBN Governor calls “not the final destination, but the beginning of a broader journey.” The CBN continues to refine the system based on diaspora feedback, progressively removing any remaining barriers to full financial inclusion, because your financial connection to Nigeria should be as strong as your cultural one.

kenben:
Tiwa Savage is a talented and hardworking singer. I admire her commitment to her craft. As for the sex tape, shame on whoever leaked it. I don't think she's the one but I think she was careless. However I am glad that she didn't let it break her or end her career like some though it would

SarkinYarki:
They have almost turned parts of London into karachi

Trump has put Christian nationalists in key roles – say a prayer for free speech
This article is more than 5 months old
Adam Gabbatt

Experts warn that a specific brand of Christianity will be prioritized and lead to a ‘further dismantling’ of institutions

Wed 16 Apr 2025 12.00 BST

The Trump administration’s promotion of white Christian nationalists and prosperity gospel preachers to key government roles will lead to the “further dismantling of government institutions” and the chilling of free speech, experts have warned.

Donald Trump announced the creation of an “anti-Christian bias” taskforce and a White House Faith Office (WHFO) in February, saying it would make recommendations to him “regarding changes to policies, programs, and practices” and consult with outside experts in “combatting anti-Semitic, anti-Christian, and additional forms of anti-religious bias”.

Both initiatives are dominated by rightwing Christian loyalists – a stark contrast to similar faith-based efforts under Joe Biden and Barack Obama, both of whom welcomed Muslim and Sikh leaders. This has prompted concern that a specific brand of Christianity will be prioritised over other faiths and Christian denominations.

With Trump having recently been pictured being prayed over in the White House by a host of white Christian nationalists, concerns are rising about what a government influenced by those beliefs could mean. White Christian nationalists typically are anti-LGBTQ+, anti-immigration and anti-efforts to ensure racial equality, and broadly believe that America was founded as a white Christian nation and must be returned to such.

“We will see the further dismantling of government institutions. We will see an abandonment of democratic principles and a further perversion of the institutions of justice,” said Katherine Stewart, a journalist and author of Money, Lies and God: Inside the Movement to Destroy American Democracy, which explores what Stewart calls the “antidemocratic movement” – a mix of Christian nationalists, billionaire or super-rich oligarchs and conservative ideologues who have seized control of the Republican party, and aim to fundamentally change the US.

The faith office is headed by Paula White, the tongues-speaking, multimillionaire televangelist who called the Black Lives Matter movement the “Antichrist” and said Jesus would have been “sinful” and not “our Messiah” if he had broken immigration law. And the other appointees to the WHFO are also Christian.

The makeup of Trump’s faith office is so far “not at all” representative of the various religions practiced in the US, said Kristin Kobes Du Mez, a professor at Calvin University and research fellow at the center for philosophy of religion at the University of Notre Dame.

“It’s not even representative of Christianity in the United States,” said Du Mez, who authored the book ​​Jesus and John Wayne: How White Evangelicals Corrupted a Faith and Fractured a Nation.

“It’s a pretty narrow slice of rightwing, predominantly, but not exclusively, white conservative Protestantism. But that is the Christianity that Trump thinks of when he thinks of Christianity.”

RaySimran:

"Respectfully" of her people when a social media post against a certain ideology or religion can get you imprisoned??

Where shouting "I love bacon" can get you arrested?

Where defending yourself against foreign rapegangs is seen a criminal offence??

Tell me what is respectful about UK (especially under this disastrous ineffable devilish Labour Government)

helinues:
When I said UK and USA are not in good terms, some people don't understand

louqas:
Igbos don't have the numbers but they won't hear
A scammer that will lie to them is who they want to listen to all because they speak the same language

Why will igbos have the same privileges as the yorubas and hausas when they are not as populated as them
And even contribute far less than those two to the national purse and economy

Hell you don't even need Igbo votes to become President, PMB did it
Pbat also proved it
Yet they are still grandstanding as if they can influence anything politically

SmartPolician:
Black people no dey ever get sénse; everything na partisanship. Well, it's up to Fubara to do the needful; ask that his 6 months be given to him because no constitution gave Tinubu the right to suspend an elected governor.

In states where people were massacred Escobar didn't declare SoE. In Rivers State where nobody died, he declared an SoE, giving room for strangers to stéal their resources. Just because he didn't want to call Wike to order.

Either way, my biggest concern is Escobar setting a precedence that will be applied to other states in the future.

SuperEagles:
Name 3 obvious marginalisatoon on Igbos you claim that an Urhobo Nupe n Efik is not going tru.

Lets see if Igbos are truly marginalised

”Igbo domination of Nigeria is only a matter of time”- Charles Onyeama, a prominent igbo lawyer and member of the Central Legislative Council, 1945. (Page 204 ”Ethnic Politics In Kenya and Nigeria” by Godfrey Mwakikagile).

”It would appear that the God of Africa has created the Igbo nation to lead the children of Africa from the bondage of ages ….” – Dr Azikiwe, President of the Pan-Igbo Federal Union. (The West African Pilot of July 8, 1949).

The first statement from Charles Onyeama, which was made in 1945, was the first overtly tribal and divisive comment that was made and recorded in the politics of southern Nigeria in our history. That is where and when tribalism in the south actually started. After that comment, and as a direct reaction to it, the Yoruba established the ”Egbe Omo Oduduwa” to further and protect Yoruba interests and after that came the formation of the Action Group in 1948.

SmartPolician:
Nobody will leave Fubara alone. The right thing must be done. If the right thing isn't done, another mvmú president will suspend a governor in the future and let strangers from other states loot the resources of the state with reckless abandon.

Brendaniel:
richmond500, you see what I have been trying to make you realize

There is a bigger problem, Igbos have see this thing a looong time ago, this injustice was what led to the war, Igbos wanted out, sadly Igbos lost the war and were forcefully dragged back inside and have to keep dealing with the issue as they can.

richmond500 what you are up against is not just the tax, it's an ideology, and ideologies sometimes are one of the hardest things to fight.

Once you try to do the right thing they come for you not because you are wrong but they will rather protect and support that ideology than admit you are right.

Brendaniel:
I told you they will come for you...

That's part of what I'm talking about, there is a bigger problem than the tax itself

richmond500:
After all the long epistle, you still fail to understand what the tax law aim to achieve.
There are lots of Nigerians making above 100k monthly that aren't paying tax, now all of them will pay, no short cut, this validates my point that most will be paying the tax.

Now let's go to the part where u accused me of trying to set the people against the govt, seriously? Because I asked how the taxed should be used to better our lives means I am setting the masses against the govt?

Not every one is comfortable driving through potholes, if u are comfortable with it, then so be it

What difference will they make?
The impact is expected to be significant especially for low-income earners, small businesses and informal traders.

For people earning up to 1m naira ($650; £470) a year, a rent relief of 200,000 naira ($130) will be applied, effectively reducing their taxable income to 800,000 naira ($520). This means they will no longer pay income tax, according to Andersen Nigeria, a tax and business advisory firm.

Sellers of essential goods and services such as food, healthcare, education, rent, power, and baby products will no longer have to charge a Value Added Tax (VAT), helping families better afford their basic needs.

Small businesses with annual turnover below 50m naira ($32,400) will no longer pay company income tax. They will also be allowed to file simpler returns, without needing audited accounts.

Large businesses will benefit from reduced corporate tax rates, dropping from 30% to 27.5% in 2025 and 25% in subsequent years.

They will also now be able to claim tax credits for VAT paid on expenses and assets, meaning they can get back the 7.5% that would have been paid as VAT.

There are also tax incentives for charitable groups, co-operatives, educational and religious organisations, provided their earnings do not come from commercial activities.

Who will be affected the most?
Low-income households stand to benefit the most, as many will no longer have to pay income tax while also enjoying price relief on essentials. A typical family spending most of their income on rent, food and transport will see lower costs due to the VAT exemptions.

Small businesses should also see positive changes through more streamlined bureaucracy, which could help boost compliance and encourage informal traders to enter the tax system.

High-income individuals and luxury consumers may feel the pinch slightly, with higher VAT now expected on luxury goods and premium services, and capital gains tax imposed on large share sales.

richmond500:
Most Nigerians will be paying heavy taxes, yet no one is negotiating how the quality of life should be improved.
No one is asking where the money will be channelled to.
No one is talking about better hospitals, schools, electricity, better roads.

No one is worried that we will be giving our hard earned money to govt which could be looted to acquire homes in florida.
Am I really overthinking this? How come we are all fine with this?
Shouldn't Nigerians start a trend to question where the money is going to?

helinues:
For the fact that LASG are doing less efforts in clearing hooliganism, agberos and cultism from the state, they are also accomplice

The exchanges, the latest examples of the challenges posed to police by social media, came on a day when 26 police were injured during violent scenes and Elon Musk himself addressed the rally organised by the far-right activist known as Tommy Robinson.

There was condemnation of Musk’s comments, delivered via live link to Robinson, whose real name is Stephen Yaxley-Lennon. Speaking to him, the billionaire told the crowd that “violence is coming” and that “you either fight back or you die”.

aribisala0:
Whilst at home they celebrate foreigners Mohamad and Jisus

flokii:
Lagos is part and parcel of Yorubaland.. no amount of falsehood from outsiders like you will change that fact.

rinzaugustine:
They see tinubu as an incompetent weakling at fighting crime and hence the mockery of wearing his cap while they continue with their activities against innocent people unchallenged . They can never try such mockery under an Obi presidency because they know the consequences because Obi is a real man unlike Tinubu

SarkinYarki:
Many Nigerians are born with crime from their lineage