It is expected because there is inflation in the country and the price of every goods has increased. The higher the price of goods and services the higher the VAT.

Paraman:


https://punchng.com/vat-revenue-rose-from-n347bn-to-n549bn-under-tinubu-faac-report/?utm_source=telegram&utm_medium=social

Y

Fuel subsidy removed, fuel now expensive and yet there's still scarcity, Naira floated, now Naira is more volatile than Bitcoin, shady use of the reserve to back it after abusing Emefiele for same thing by agbados, inflation hitting the roof, nothing is improving in the power sector yet electricity subsidy was removed, insecurity persists, farmers can't farm, international business and investors leaving yet it's still Vulnerable Nigerians that they've used to increase IGR. How? This is slavery. Tinubu is just a task master, enriching his cronies at the expense of the fools that actually helped him become president. Chai. Nigerians are truly mentally unstable cos how?

OAFMods:
More wahala 4 obidient ipob troubled medulla

Ignorance is truly a disease.. how can someone increase the tax you pay and you think he is doing a great job. You can imagine what tribalism feels like.

Don't publicise failure, that huge amount have less value now, naira is now tissue paper, that's inflation reflecting because tax is price Based, too many dumb people

Why won't it increases now?

Bag of rice 28k vat at 7%
Bag of rice 78k vat at 7% vat figure won't be same due to increase in inflation, don't celebrate this

OAFMods:
More wahala 4 obidient ipob troubled medulla

Evidence of lack of secondary education. This are the people we engage expecting to have any reasonable productive discuss with. 😂

Paraman:


https://punchng.com/vat-revenue-rose-from-n347bn-to-n549bn-under-tinubu-faac-report/?utm_source=telegram&utm_medium=social

The masses are paying more on empty stomach

Actuarydeji:
It is expected because there is inflation in the country and the price of every goods has increased. The higher the price of goods and services the higher the VAT.

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

haybhi1:
Obviously, Tinubu and Obi are never mates. It's just agenda pitting that failure of a leader Obi against Tinubu, when considering Anambra and Lagos under each's berth respectively.

However, Tinubu has been short of expectation with the presidency so far. I will look to see how he fares by the end of this tenure. I don't see his reelection if things continues this way. I just would never like to see Obi come close to the presidency. That man is just not it, he was never even it as Anambra governor.

Please what did Tinubu do as a governor?

Fools!

OAFMods:
More wahala 4 obidient ipob troubled medulla

this is a clear indication that you did not understand the whole thing.

Despite the bad condition of the economy, you are paying more tax than ever.

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

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

Paraman:


https://punchng.com/vat-revenue-rose-from-n347bn-to-n549bn-under-tinubu-faac-report/?utm_source=telegram&utm_medium=social

My guy you are too desperate to launder the image of this administration when it is clear that they have nothing to offer. What is impact of the VAT revenue at the moment?

Everything obedients said about PBAT during thr campaigns are gradually being fulfilled one after the other. It appears they know jagaban more than his supporters

OAFMods:
More wahala 4 obidient ipob troubled medulla

Na same country we dey. Thank God for Tech. Many people for don die

Of course he will always tax the poor masses to death, but the money to be looted later

To what end Will that bring down d prices of foodstuffs

haybhi1:
Obviously, Tinubu and Obi are never mates. It's just agenda pitting that failure of a leader Obi against Tinubu, when considering Anambra and Lagos under each's berth respectively.

However, Tinubu has been short of expectation with the presidency so far. I will look to see how he fares by the end of this tenure. I don't see his reelection if things continues this way. I just would never like to see Obi come close to the presidency. That man is just not it, he was never even it as Anambra governor.

Were you in Anambra when he was governor? If they subject you now to serious questioning on PO, you will have nothing to even say about him, it is all based on tribalism and ethnic hatred, if PO was a Yoruba you will not say this or if it was Osinbajo who has no recorded achievements, you will never say this.

mannobi:
You can't take that fact away from Tinubu. He knows how to generate money.

You mean extort money from d masses.

If way dey make whites come take back this country e for better! BAT is a total failure. No good intentions for the country. People that voted him in how una dey?

Yet Nigerians re suffering the more and no sign of relieve , Lagos. Ibadan express news is always coated with lies and deceit

I wonder if that VAT lawsuit brought by Wike when he was governor has been resolved.

Paraman:


https://punchng.com/vat-revenue-rose-from-n347bn-to-n549bn-under-tinubu-faac-report/?utm_source=telegram&utm_medium=social

This is not a pointer of good governance. VAT will surely increase as a result of the increase in the prices of goods ande services.

Jlow2:
Yet Nigerians re suffering the more and no sign of relieve , Lagos. Ibadan express news is always coated with lies and deceit

Tinubu SW support group are distracting Nigerians with Peter OBI news everyday instead focusing on the clueless person they voted for

What about the poverty rate that increased😒 you forgot to add it
Oloshi

OAFMods:
More wahala 4 obidient ipob troubled medulla

Lets assume that Tax rose that much and they calculated from when he entered when the dollar you guus so much love to compare yoyr currency against was 650, imagine now that the dollar is twice that amount, do you not think that the amount made is basically the same in dollar value from when it was originally compared to now? Whp do you people think you are deceiving?

VAT is expected to have doubled even as the price of commodity and services doubles or even triple.
Can the current VAT earning be able to do the same the the previous VAT do? The value in real sense is much lower today than previous. So this is not a positive development.

haybhi1:
Obviously, Tinubu and Obi are never mates. It's just agenda pitting that failure of a leader Obi against Tinubu, when considering Anambra and Lagos under each's berth respectively.

However, Tinubu has been short of expectation with the presidency so far. I will look to see how he fares by the end of this tenure. I don't see his reelection if things continues this way. I just would never like to see Obi come close to the presidency. That man is just not it, he was never even it as Anambra governor. https://www.nairaland.com/870945/what-exactly-peter-obi-doing
I don't make things up. I don't need to live there if the residents have these to say—please see that link. Are you aware that people were leaving Anambra for Lagos on a steady?I know you likely don't live and have never been in Lagos, else you won't ask that question.
https://www.nairaland.com/7176682/tinubus-achievements-lagos-governor
Go through this link; I was born and live in Lagos—bar tertiary institution that took my away briefly. So it's first-hand experience I speak with when I do.

https://www.nairaland.com/8070777/reno-posts-pictures-schools-initiated
The first picture/school in this link was the JSS school I attended at Egbeda in the 2000s, and I bet you it was extremely up to par with any in the country. The good thing was >½ of all the students and staff in that school comprised students from other states—many of my friends were Igbos, in fact.

Let me ask you one question. Did you verify what these people said or you just took it by face value? Oga see the wise thing you do is to not corroborate a statement that you yourself have not proven or experienced. It is clear you are biased against obi because of his ethnicity. If it was Osinbajo you will not say this despite the fact that he has no known achievements.

We still dey borrow money

OAFMods:
More wahala 4 obidient ipob troubled medulla

More wahala for your impoverished self

Ebin pawa oo on repeat

haybhi1:
Obviously, Tinubu and Obi are never mates. It's just agenda pitting that failure of a leader Obi against Tinubu, when considering Anambra and Lagos under each's berth respectively.

However, Tinubu has been short of expectation with the presidency so far. I will look to see how he fares by the end of this tenure. I don't see his reelection if things continues this way. I just would never like to see Obi come close to the presidency. That man is just not it, he was never even it as Anambra governor. https://www.nairaland.com/870945/what-exactly-peter-obi-doing
I don't make things up. I don't need to live there if the residents have these to say—please see that link. Are you aware that people were leaving Anambra for Lagos on a steady?I know you likely don't live and have never been in Lagos, else you won't ask that question.
https://www.nairaland.com/7176682/tinubus-achievements-lagos-governor
Go through this link; I was born and live in Lagos—bar tertiary institution that took my away briefly. So it's first-hand experience I speak with when I do.

https://www.nairaland.com/8070777/reno-posts-pictures-schools-initiated
The first picture/school in this link was the JSS school I attended at Egbeda in the 2000s, and I bet you it was extremely up to par with any in the country. The good thing was >½ of all the students and staff in that school comprised students from other states—many of my friends were Igbos, in fact.

Another lie from you that people are leaving Anambra for Lagos, yet Onitsha main market is the largest market in West Africa by volume followed by Accra main in Ghana. Now based on this let me challenge you shows me migratory data on the number of igbos leaving Anambra to Lagos for the past 20 years. Let us compare the Year on year rates to see if it is increasing or reducing.
Again not you don't make statements on assumption because of nollywood movies of the 90s that is sheer stupidity.