When are we going to start taxing fulani herdsmen?

No we are not...
U see the end as taxation... I see the end as high standard of living.
One s.o.t will always tax, my s.o.t might reduce or not tax atimes just to push up standard of living..
For instance, I might suspend tax in agric sector for 10 years to encourage faster reinvestment in d sector.

helinues:


Empowerment to better the lives of people so that they can be a responsible citizens by paying their taxes regularly

We are saying the same thing bro

being:
No we are not...
U see the end as taxation... I see the end as high standard of living.
One s.o.t will always tax, my s.o.t might reduce or not tax atimes just to push up standard of living..
For instance, I might suspend tax in agric sector for 10 years to encourage faster reinvestment in d sector.

You have an understanding of it.

helinues:


The $500m just granted loan from IMF is for what?

for the pockets of your elites

FacilitatorLekk:

Am not talking of debt here, please stick to the discussion. This is not a discussion about subsidies, and government will make more from VAT and more employees taxes, if they allow economy boom. Let's debate intelligently, stop mixing things up. Stick to the argument. My position is over taxing small business and the poor, is bad for economic expansion, government can still make the same amount or even more by targeting other areas for taxation.This is not a discussion on debts. The informal sector, such as market women and small businesses are struggling people, overtaxing them will eat into their disposable income. There are several things that government can earn tax from. You are lying government is not using 93% to service debts, stop being fooled. Debt servicing most times means paying the interest rates, these types of loans are long term loans, it's the interest rates that are being serviced, that can never take 93% of our revenue, plus we have stopped petroleum subsidy. Please argue intelligently.

The guy dull from I’m mama womb

the government should increase the workforce. Taxing market women and low income earners will make life harder for them.

stanech:
the government should increase the workforce. Taxing market women and low income earners will make like harder for them.

True, and this will eat into their disposable income, which will slow economic growth, savings, job and wealth creation. Government should really understand multiplier effects.

FacilitatorLekk:
Government should focus on VAT in targeting taxes from the poor, because the citizens and people get no much benefits from government to pay taxes, and their business is just meeting their family survival needs. Government should explore luxury goods, petroleum products and such to get more tax.

Taxing the poor and informal sector will lead to increase in expenditure and leave the people with less disposable income. Disposable income is important for the grassroot, this is how the average man survives, when the ordinary people have money to spend, money flows round, in the villages, in the ghettos and communities. Government should not just focus on making money for government, but should understand that the informal sector and grassroots are the majority, this sector is what keeps our economy mobilized... government must keep this sector oiled and mobilized, by allowing the people have more disposable income to spend within each other, not taking all their money via taxes. Tax the rich and luxury goods.

Federal government must start building highrise shelters in major cities, where most Nigerians move to, places like Lagos, portharcourt, Benin, Ogun state, and such locations, to help in accommodation problems. The money saved from subsidy removal should be used to build shelters, accommodation in cities of Nigeria are expensive, compared to earnings.

Let the poor breathe, as our great Presido said himself.

Tinubu has no economic strategy. Stop wasting your time.

FacilitatorLekk:

True, and this will eat into their disposable income, which will slow economic growth, savings, job and wealth creation. Government should really understand multiplier effects.

exactly. The best way to increase revenue is not to tax the poor but to increase the number of rich and middle class people. The poor are chocked enough.

stanech:


exactly. The best way to increase revenue is not to tax the poor but to increase the number of rich and middle class people. The poor are chocked enough.

Yes, and the Nigerian state, doesn't give welfare, social security payments, doesn't give adequate financing to start ups and SME's, doesn't provide water, not enough social amenities...what's the incentive to pay further taxes?

A nation can't tax it's way to national all round prosperity, rather it's by encouraging investment, spending and production, we must become a productive country, at least, government should make it a policy that everything we eat must be produced in Nigeria, we can start from this, with this, we will reduce our imports receipts to about 60% or less of what it is now, and this will have a direct positive effect on our currency exchange value.

helinues:


The $500m just granted loan from IMF is for what?

U HAVE KNOW BUSINESS WITH ECONOMY OR POLITICS. GO AND STAY IN COMEDY SECTION 😂😂😂

FacilitatorLekk:

The trust factor is an issue, those money can be embezzled by one greedy fellow, it's better to allow the economy boom, and government focus on general VAT they are getting already, because as the economy booms, the general VAT volume increases. Targeting small businesses for direct VAT again won't be the best for economic boom.

TINUBU DOES NOT WANT THE ECONOMY TO GROW HE SAID IT HIMSELF. SO STOP.

FacilitatorLekk:

Yes, and the Nigerian state, doesn't give welfare, social security payments, doesn't give adequate financing to start ups and SME's, doesn't provide water, not enough social amenities...what's the incentive to pay further taxes?

A nation can't tax it's way to national all round prosperity, rather it's by encouraging investment, spending and production, we must become a productive country, at least, government should make it a policy that everything we eat must be produced in Nigeria, we can start from this, with this, we will reduce our imports receipts to about 60% or less of what it is now, and this will have a direct positive effect on our currency exchange value.

You are right. There is also fuel importation. We are a country of 200millolion people we should be exporting and not importing our goods. He should also focus on electricity I don't even care about loans Nigerians are hardworking it is just that the government is not making things easy. Taxing the poorest in the country is a crime at this point. It is wrong.

stanech:


You are right. There is also fuel importation. We are a country of 200millolion people we should be exporting and not importing our goods. He should also focus on electricity I don't even care about loans Nigerians are hardworking it is just that the government is not making things easy. Taxing the poorest in the country is a crime at this point. It is wrong.

Exactly, thank God Dangote will help on the fuel issue, this will help our economy and currency value. Federal and state governments must ensure electricity tarrifs are affordable, so the people can continue running their lives and business smoothly, the private electricity operators must be checked to ensure they don't make too much profits to the detriment of Nigerians. Consumer protection measures and agencies must be strengthened.

The number one driving force of an economy is available and cheap energy. Any government that wants to fix the economy must radically address the power problem.....