Wow Great Analysis!!!!!! I wish more people can learn !!!! The Proposed TAX REFORM BILL IS A WONDERFUL DOCUMENT FOR ECONOMY GROWTH IN THE VARIOUS STATES!!!!!
This man is very brilliant and said the just truth. Some State in North said that alcohol is haram and betting is haram but still received Vat money and tax money from state that allow people to do betting and other businesses. So who is cheating who?
l agree completely and totally with the guest,so on point..Speaking on viable economy,the current tax system is actually detrimental to states that are not viable economically.The fact that they can sit down,do nothing and still get vat from other region is stopping them from becoming economic giants.lf states get more vat from goods consume in their state,governors and states are more likely to invite more people to come and live and do business in their state.State are more likely to be more secure,governor will do more to protect lives and businesses knowing they are getting more vat from these people and businesses compared to the current system.The new tax bill is actually more likely to make nigeria one,more cities would be multi ethnic cities.Why would any state bother about security if they can still get vat allocations anyways? The current vat system is designed from a socialism mindset not capitalism.With it comes all the shortcomings of socialism system.Nigeria is a capitalism,it's either we are capitalism fully or socialism we can not be inbetween.Thank you.
There is a ray of hope. Some Nigerians are genuinely interested in making Nigeria work again. This man is truly intelligent and he speaks well of what he believes in.
Wow Thank God for our parents who use all their savings to educate us, some people know what has been happening for a very long time 2/3 working as the biggest earner and paying the most tax for others to continue in their ("DONT WANT TO DEVELOP") mindset Thanks
What our government don't know the benefit in driving in good investment through this tax reform, I may not like my president as a person but this bill is a people's bill, if this bill pass through,it gives state and regions reason to invest their stolen money here in Nigeria and employs Nigerian, and decongest Lagos state, the VAT Lagos have today is because you refused to develop your state, this bill is human resource bill, not every time you choose who rules Nigeria via your population this is where your population is needed
You have sound mind.i dont care where u come from.Northerner need someone to orientate them more because they have what its take in terms of population than any southerners.
Excellent analysis and I strongly agree with the guest. Go and establish industries in your region before you want to deny the states who should benefit from the tax contribution. This is a lame argument for those arguing against this bill
To me we ar beating about bush nd shying away from d reality, Let's be honest ourselves nd restructure Nigeria to true federalism or regional government if every state or region is ready to bring something to table ❤
I now understand! For instance, channel iss TV is paying tax for views and money generated from US based viewers even though the channel and contents are produced in Nigeria. It fair enough. The question is, what about food that is majorly produced in the north but is vat free!? How can it be factored in such that those places will equally benefit?
Having listened to this Mr Gbojunbola, it is really clear the NORTH is really a parasitic economic region and need thorough education on this current tax reform. Ignorance is the main issue here.
Yes the technocrat understands what he crafted. But what he failed to understand is that vat is paid at invoicing and this means the state with the headquarters of the producer companies will take the vat for goods not consumed by them.
Those pushing this bill have actually not explained it well enough in my opinion. I expect them to say; "this is the current system as it exists today.. derivation is currently x% of the sharing formula. But in the proposed bill, it will be increased to 60%. Therefore, here are the pros and cons for some states and not for others based on the current economic situation of these states". That's the transparency that we expect. Even the journalists are not asking the right questions. They're simply focusing on the political north vs south angle of the situation.
As long as we keep using other countries' templates and do not localize our solution and system of government, we will be doomed in the end. I state that is destroying alcohol and wants to benefit from VAT from alcohol. How is that possible. That is a hypocrite.
What about Nigerian Seafarers in our Maritime sector? Sea what India, Uk and Europe is doing and copy paste. Tax Rebate. 180days outside the country in a year should get tax refund or deduction. Check Maritime tax laws too..
Whereas there's so much good that may come out of the reforms, it is yet allocating much power to the centre and seemingly dis-arming the states and local govt. The major good is revenue collection harmonization through centralized collection. This is good for businesses. But because the center, the federal govt, hasn't over the years, proven to be trustworthy in funds distribution and use, the other layers are scared and may be rightly so.
The tax reforms will not fly. For it to fly, the government has to allow the States own their resources or decide on propagation and creation of industry in their states/regions. The power to lobby businesses needs to be in the hands of the states....then the governments job is to remove barriers and take a percent. Basically, an argument for regionalism.
Attention Nigeria senators, let me advice dose senator that they should send their best brains for a meeting with this gentleman man for more explanation to the governors and the people, this bill will right the wrongs of the people and it will make a lot of state in nigeria to be productive not only waiting for allocation from the center government,it takes digital coded brains and sound minded Nigerians to understand how it will work , some of our law makers are illiterates that can not understand this reforms which is very specific to a good governance, only few of the senators could match this discussions, this topics is for sound reasoning minds not beer parlor discussion,
I don't think it's nice to assume people are making ignorant comments or that the opposition to the bills is coming from ignorant people. That stance confers arrogantly absolute knowledge on the proposers of the bill. This will be a fallacy and fuel to opposition to the proposition.
Tell me a major problem in this country today that is pivoted to the backwardness of this northern pple🤷🏼♂️ (Insecurity, out of school children, economic woes, intolerant, the list goes on and on). Atimes it just get too frustrating how we were merged in the first place. We are all saying let's get this country forward on the right track after all our years of woes (which a northerner was mostly the president), still see the nonsense coming out of there😏. I am Muslim who don't Gamble or take alcoholic drink, if so, why should I want to benefit from the transaction VAT of such commodities (it's going to show that I am a bloody hypocrite and not truly committed to my faith and belief).... 🤷🏼♂️ 🇳🇬 GOD BLESS NIGERIA 🇳🇬
Na religion dem use tie with North, religion na scam...😂,sorry South will continue suffering from North stupidity . North are cheating you mumu big times
..cos National Anthem doesn't affect or interest the North I guess. What has Almajiri get to do with Anthem? But VAT will limit their consumption cos they don't have purchasing power. The North is not ready for tax law but ready for census to inflate population. Why are they not using this population for productivity? I think that is the topic we should discuss too.
What is the problem you have with the National Anthem? The President did not and cannot impose any bill. The National Assembly only gave it a speedy passage. This has to do with economy and vested interest here is much.
Somebody forgot to ask something, Seun, you are too sensational, you should have asked, ''What if tomorrow, large deposits of gold, Lithium etc in Katsina and Zamfara etc become commercialized and yielding fat revenues for Nigeria, bigger than crude oil sales, VAT from Lagos and PH and the rest, will the North still resist the Tax Reform Bill?"
I think , the government in away is trying to discourage the north from further implementing policies that does not Forster growth like the sharia laws and u can only do this with VAT tool obviously and for state being plunged into insecurity due to FG indecisiveness I.e south easts “unknown gun men activities , bokoharam e.t.c how do yu hold that against such state
For me, derivation should be 100%, equality and population. Because if your population is more that means you consume more and would still get more via derivation. Again, the idea of allowing some state share from revenues generated from another state on the bases of equality, is the reason why some state leaders and very relaxed, lazy and unproductive. Everyone should get what they deserve. That way, it would make every states sit up and work hard to increase revenue in their state.
Wow
Great Analysis!!!!!!
I wish more people can learn !!!!
The Proposed TAX REFORM BILL IS A WONDERFUL DOCUMENT FOR ECONOMY GROWTH IN THE VARIOUS STATES!!!!!
God bless you for your honesty
Lmao you were both paid to comment and reply against your own interests
@davidoluwadare2787 trash talk
@@ThomasAssim-Ita trust me, I'm not the person you want to engage fir that 50k Tinubu pays you. I will embarrass you.
This man is very brilliant and said the just truth. Some State in North said that alcohol is haram and betting is haram but still received Vat money and tax money from state that allow people to do betting and other businesses. So who is cheating who?
l agree completely and totally with the guest,so on point..Speaking on viable economy,the current tax system is actually detrimental to states that are not viable economically.The fact that they can sit down,do nothing and still get vat from other region is stopping them from becoming economic giants.lf states get more vat from goods consume in their state,governors and states are more likely to invite more people to come and live and do business in their state.State are more likely to be more secure,governor will do more to protect lives and businesses knowing they are getting more vat from these people and businesses compared to the current system.The new tax bill is actually more likely to make nigeria one,more cities would be multi ethnic cities.Why would any state bother about security if they can still get vat allocations anyways? The current vat system is designed from a socialism mindset not capitalism.With it comes all the shortcomings of socialism system.Nigeria is a capitalism,it's either we are capitalism fully or socialism we can not be inbetween.Thank you.
There is a ray of hope. Some Nigerians are genuinely interested in making Nigeria work again.
This man is truly intelligent and he speaks well of what he believes in.
Thank you for your analysis...
Wow Thank God for our parents who use all their savings to educate us, some people know what has been happening for a very long time 2/3 working as the biggest earner and paying the most tax for others to continue in their ("DONT WANT TO DEVELOP") mindset Thanks
What our government don't know the benefit in driving in good investment through this tax reform, I may not like my president as a person but this bill is a people's bill, if this bill pass through,it gives state and regions reason to invest their stolen money here in Nigeria and employs Nigerian, and decongest Lagos state, the VAT Lagos have today is because you refused to develop your state, this bill is human resource bill, not every time you choose who rules Nigeria via your population this is where your population is needed
You have sound mind.i dont care where u come from.Northerner need someone to orientate them more because they have what its take in terms of population than any southerners.
Excellent analysis and I strongly agree with the guest. Go and establish industries in your region before you want to deny the states who should benefit from the tax contribution. This is a lame argument for those arguing against this bill
This bill is more than a tax bill. I believe it will also improve the security of our great nation. No more free food. Everybody must work.
The southeast will consume beer 🍺 and pay vat on it but the north want to benefit from what they tag as forbidden 😂😂😂. Hypocricy is that you?? 😅😅
Use ur southwest to make ur example, don't use my southeast for ur examples
Southwest, are you fulani?
What's d % of vat on beer compare to what's called VAT!! Say something else..
To me we ar beating about bush nd shying away from d reality, Let's be honest ourselves nd restructure Nigeria to true federalism or regional government if every state or region is ready to bring something to table ❤
I now understand! For instance, channel iss TV is paying tax for views and money generated from US based viewers even though the channel and contents are produced in Nigeria. It fair enough.
The question is, what about food that is majorly produced in the north but is vat free!? How can it be factored in such that those places will equally benefit?
Having listened to this Mr Gbojunbola, it is really clear the NORTH is really a parasitic economic region and need thorough education on this current tax reform. Ignorance is the main issue here.
Great analysis
Let’s give this government the benefit of the doubt. Let’s read the tax reform bill
👏👏👏👏. They should send this guy to the northern elite for better explanation
Yes the technocrat understands what he crafted. But what he failed to understand is that vat is paid at invoicing and this means the state with the headquarters of the producer companies will take the vat for goods not consumed by them.
This was quite revealing about the Tax reforms. An interesting way to run federalism by rewarding states that contribute more.
Those pushing this bill have actually not explained it well enough in my opinion. I expect them to say; "this is the current system as it exists today.. derivation is currently x% of the sharing formula. But in the proposed bill, it will be increased to 60%. Therefore, here are the pros and cons for some states and not for others based on the current economic situation of these states". That's the transparency that we expect. Even the journalists are not asking the right questions. They're simply focusing on the political north vs south angle of the situation.
The north should allow development rain in Nigeria
The north need to explain rheir opposition to rhese bills. Every analysis i have seen by the tx team has been clear and precise
As long as we keep using other countries' templates and do not localize our solution and system of government, we will be doomed in the end. I state that is destroying alcohol and wants to benefit from VAT from alcohol. How is that possible. That is a hypocrite.
What about Nigerian Seafarers in our Maritime sector?
Sea what India, Uk and Europe is doing and copy paste. Tax Rebate.
180days outside the country in a year should get tax refund or deduction.
Check Maritime tax laws too..
Then why did they block it. I thought this was one nigeria
Whereas there's so much good that may come out of the reforms, it is yet allocating much power to the centre and seemingly dis-arming the states and local govt.
The major good is revenue collection harmonization through centralized collection. This is good for businesses. But because the center, the federal govt, hasn't over the years, proven to be trustworthy in funds distribution and use, the other layers are scared and may be rightly so.
The tax reforms will not fly. For it to fly, the government has to allow the States own their resources or decide on propagation and creation of industry in their states/regions. The power to lobby businesses needs to be in the hands of the states....then the governments job is to remove barriers and take a percent.
Basically, an argument for regionalism.
This man is so intelligent, please such Tax must remain,such as Alcohol,no Northern states should benefit from Vat from Alcohol
Gosh, can you please allow the expert speak? The interruptions are so unprofessional to say the least.
Attention Nigeria senators, let me advice dose senator that they should send their best brains for a meeting with this gentleman man for more explanation to the governors and the people, this bill will right the wrongs of the people and it will make a lot of state in nigeria to be productive not only waiting for allocation from the center government,it takes digital coded brains and sound minded Nigerians to understand how it will work , some of our law makers are illiterates that can not understand this reforms which is very specific to a good governance, only few of the senators could match this discussions, this topics is for sound reasoning minds not beer parlor discussion,
There is trust deficit on this government, so don't blame any group for the doubt.
Tax reform is come is to stay. People should try and get hands on the bill to have insight
I don't think it's nice to assume people are making ignorant comments or that the opposition to the bills is coming from ignorant people.
That stance confers arrogantly absolute knowledge on the proposers of the bill. This will be a fallacy and fuel to opposition to the proposition.
Tell me a major problem in this country today that is pivoted to the backwardness of this northern pple🤷🏼♂️ (Insecurity, out of school children, economic woes, intolerant, the list goes on and on).
Atimes it just get too frustrating how we were merged in the first place. We are all saying let's get this country forward on the right track after all our years of woes (which a northerner was mostly the president), still see the nonsense coming out of there😏.
I am Muslim who don't Gamble or take alcoholic drink, if so, why should I want to benefit from the transaction VAT of such commodities (it's going to show that I am a bloody hypocrite and not truly committed to my faith and belief).... 🤷🏼♂️
🇳🇬 GOD BLESS NIGERIA 🇳🇬
Na religion dem use tie with North, religion na scam...😂,sorry South will continue suffering from North stupidity . North are cheating you mumu big times
❤
North will show you who they are
Why tinubu not impose the bill, but he has power to imposed national anthem.
..cos National Anthem doesn't affect or interest the North I guess. What has Almajiri get to do with Anthem? But VAT will limit their consumption cos they don't have purchasing power. The North is not ready for tax law but ready for census to inflate population. Why are they not using this population for productivity? I think that is the topic we should discuss too.
Whatever Tinubu does in this regard is a bill and the house must pass it before it can become a law and until them it cannot be administered.
He never imposed national anthem… the national assembly only quickly passed it to law
What is the problem you have with the National Anthem? The President did not and cannot impose any bill. The National Assembly only gave it a speedy passage. This has to do with economy and vested interest here is much.
Somebody forgot to ask something, Seun, you are too sensational, you should have asked, ''What if tomorrow, large deposits of gold, Lithium etc in Katsina and Zamfara etc become commercialized and yielding fat revenues for Nigeria, bigger than crude oil sales, VAT from Lagos and PH and the rest, will the North still resist the Tax Reform Bill?"
laye laye never
That is what the bill encourages let all states get something to develop on.
Don't mind them
I think , the government in away is trying to discourage the north from further implementing policies that does not Forster growth like the sharia laws and u can only do this with VAT tool obviously and for state being plunged into insecurity due to FG indecisiveness I.e south easts “unknown gun men activities , bokoharam e.t.c how do yu hold that against such state
The bill will go.
Why fix it if it's not broken,,, liers
North are cheating South, its South that is suffering from North stupidity 😂
For me, derivation should be 100%, equality and population. Because if your population is more that means you consume more and would still get more via derivation. Again, the idea of allowing some state share from revenues generated from another state on the bases of equality, is the reason why some state leaders and very relaxed, lazy and unproductive.
Everyone should get what they deserve. That way, it would make every states sit up and work hard to increase revenue in their state.
Go and look for investment and investors DON’T sit down and look be a beggar
Please tell them, no room again for laziness, the world have changed
Mr man not south against the north instead is southwest against the north
Because the way he said some states shut down he means southeast...sit at home
To marry 5 wife them know