Na so Bosun proposed Technology to solve all the problems but has been unable to do anything meaningful since he was given the opportunity to do what he said
This person’s point doesn’t make sense, suggesting a family shouldn’t cook because they’re poor. As Nigerians, we need practical plans like tax reforms to move forward. Waiting for perfect conditions before acting could mean waiting forever.
The government should provide basic amenities in Nigeria before asking for any tax. The cost of running business in Nigeria is high already. Also, there is no accountability in our national treasurer. The poor will be the ones to suffer if this bill is implemented
With 20% as income tax and 5% VAT, I think the tax reform bill is a good way to go.We should all do family planning and work smart and hard. Each state should be self-sufficient. In the North few are educated and the number of dependents are large, that is why they are objecting to the bill. If we don't have any natural resources, are we not going to run the economy.it's time for every hand to be on deck and support the present administration to take country to the promise land. Religion can't put food on table. Deal with the insurgency, embrace and encourage western education and you will see if the North will not become a force to be reckoned with. The era of freebies is gone and it's time to invest heavily in infrastructure facilities otherwise we may not get it right.
You need to study it very well, 20% income tax is better than the present, but there is a "Trojan horse" of VAT increment to 10% in 2025 and further to 15% in subsequent years, that will make a mess of the gains in d proposed 20% income tax.
@@akindeleakinbayo2390that projected increment should be hurt or delayed till we get the positive impact of this bill. My fear is the implementation and the measure as spoken by the Wali guy The issue is that, we must do something about this and ensure we all support the newness in the administration as necessitated by the current challenges...
Sir why are you so focused on the North. The tax bill if implemented in haste without a strategic phasing in will see the tanking of 35 states. The only state that benefits is Lagos. All states including south west (excluding lagos) , south east , north and south south suffer because practically all corporate/commercial activities occurs in Lagos. If lagos benefits, Tinubu benefits because his company Alpha Beta collects taxes in lagos and his company makes up to 5% from each collection. Tax reforms are needed strategically. Tax increases right now is unnecessary as companies are leaving nigeria and people are suffering. Instead cut federal spend on planes, corruption, bribes,presidential trips, judiciary 300% salary increase, new judiciary housing, cut the size of Tinubu's administration, vice presidential planes... The federal govt and Nigerians must be compelled to reduce dependency on imports and buy Nigerian products!
Please ooo help us out.... My brother scored 321 in jamb and yet unizik denied him admission to study med/surg. This is the second time ooo not even considering any others courses
Currently even if you make loss you pay cit the law seeks to change that. Proposed paye reduction for low income earners and elimination completely for some bands. reduction of duplicated tax laws.
WHAT ABOUT TAXS COLLECTED AT THE *TRIBUTE CENTRES* 1) police station & checkpoints 2) army checkpoints Etc Nigeria is the tax centre of the world already.
His talking about disadvantages of tax in theory forgetting that tax is not voluntary but compulsory. In real life and globally no one wants to pay taxes but it's a compulsion and main source of funding governments expenditures. Taxes is always by force. Moderation can only be applied.
To me , he is having a great deal of the issue from the legal perspective that is lovely, but not dealing with the taxation part. Taxation is very broad and we need both the legal perspective and the finance part. The VAT part he spoke about was fine but it is actually more than what he put out. Well may be time factor. The tax reform needs to be viewed holistically and grey areas should be discuss with practical examples. One thing, he said that stood out is records. But, the reform cannot actually correct all facets at once, it has to be a work-in-progress document that will be refine as time passes by. One good part of the reform is that the tax system should be truly progressive and perceived to be. The rich and super rich should be made to pay proper tax, that will go a long way, while the base for the low income earner should be increased so that they have more income for life necessities. We all seems to speak more on the VAT part, that should be properly addressed and let us not forget the administration part (Tax Collection ) this has been more of a problem to the economy than the tax it self. There are instances where the Tax collectors are richer than the country. This should stop. Is it really possible????? Time will tell.
😄😄😄 Really on the take of the president speech. That's what you want to hear, but the president think differently whilst the interviewers felt differently. Most of the information he is talking about are in the public domain. Well, when you are on TV interview, people say what the public will applaud them for.
That is what Nigerians need to be discussing about the tax bill. Not just saying north are against the bill or this and that. I think the government purposely bring the issue of deprivation to cloud the thinking of ordinary Nigerians about this tax rise
Everyone ,both the rich and poor ,use telecoms. So, they should have very low VAT or exempted. The government can tax the telecoms companies in other ways .
This guy you people are praising is also having the myopic mind set of the average northerns this bill must be sign unto law.he is just blabing trying to be nice in what is doing.
Im sorry for nigerians who said this guy is intelligent just because of his analysis. The fact is that his analysis are basically logical grammar not logical economics. Food and related items are anywhere in the world are always vat exempted because govt indirectly subsidized them. Im sorry to say, he doesn't understand what he's talking about.
Fantastic! I was thinking, I was biased but seeing your comment, I know the guy is just good on grammar... Finding faults without practical solutions...
Illiterate comments everywhere. No one is talking about the issues on discourse, they are busy commending the analyst even when they don't understand an atom of his analogy. Mtcheeww 😅
His criticism of the presidential chat doesn't make sense. If you want a detailed analysis of a specific department, you should get that from that department. The president will necessarily give only a high-level analysis of any one effort. You also cannot speak to the average human(person) in a way that doesn't patronize them if you want to connect meaningfully, because as unfortunate as it is the average person does not have the intellectual breath to appreciate the finer details. His criticism of the anti corruption effort is also wrong, there is nothing like fighting corruption directly. As the saying goes: show me a 10-foot wall and I will show you an 11-foot ladder. You make more hay by removing the pressures that make people want to climbthat wall than you do trying to raise it to 12-feet. S you can only fight it indirectly and you do it by reducing the incentives for it. As long as people want something enough they will always be able to get it. Remember that the potential corrupt folk are also people with the same brain as the enforcers, and in many cases, they are enforcers themselves. You deter undesirable behaviors, fighting them directly is just a backup, it never actually solves anything. He acknowledges this when he blames hunger for the misbehaviour, because getting rid of the hunger gets rid of the incentive to behave the way they did. EDIT: His criticism of VAT is also faulty. The percentages aren't a big deal because labour costs in Nigeria are far cheaper so the cost of goods and services is also cheaper. Consequently, 10% of those goods and services are also more affordable than the same percentage elsewhere. So increasing VAT to 10% doesn't mean we are charging global rates. This is an odd oversight to make. I don't have a clear enough picture on the CIT issue, so I'll reserve judgment.
You're too much. The other two comments shows shallowness and insincerity. Forget tribe, this is what we need in the country... We must do the right thing now and use our good education to impact our common people sensibly not to just play on their intelligence by supporting their mediocre... It's a must to reduce the level of commonality in the country, because that's our major challenges and the more reason it's complex to govern the country...
@@RosalieKoundiI felt the same way too. He's not objective. I was a supporter of the Tinubu regime in the beginning until I saw that his policies were not well thought out and there don't seem to be a direction for where he wants to go.
@@sanusikabir2883You apparently don't support Tinubu anymore because you're sentimental. Say exactly one policy Tinubu's govt has implemented that's anti-people in your view.
He is talking to himself. He jumped straight into critiquing the nuances of the reform, without explaining the reform. Classic example of a bad teacher. Half the people on here don't even know what the hell he was talking about. Including me. He was just rambling.... EXPLAIN WHAT THE REFORMS ARE FOR CHRISTS SAKE. Jeeezzz
I keep telling Southerners like myself that these Tax Bills are a double-edge sword.😂😂😂 We are obsessed with allocation because of crude oil. But you will have to pay VAT on consumption, rich or poor , through your nose. Tinubu and his tax politics will end in 2027.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
The government should appoint this guy for guidance and formulation of workable policies. Am proud of you as a young Nigerian
Profound! Brilliant guy!
Highly intelligent young m as n❤
Relateable!! Welldone..
Excellent and brilliant, keep it up.
Dis Wali guy is intelligent
Who is this brilliant young man. Impressive view points!
Kudos for having a remarkable analysis bro..
Educational and speech brilliancy sometimes don't translate to been productive if position is handed over to him
Na so Bosun proposed Technology to solve all the problems but has been unable to do anything meaningful since he was given the opportunity to do what he said
A Brilliant fro North
Succinctly said Barister
Great remark there
This guy is even more intelligent than the person superintending the position of the Nigerian presidency.
This person’s point doesn’t make sense, suggesting a family shouldn’t cook because they’re poor. As Nigerians, we need practical plans like tax reforms to move forward. Waiting for perfect conditions before acting could mean waiting forever.
The government should provide basic amenities in Nigeria before asking for any tax. The cost of running business in Nigeria is high already. Also, there is no accountability in our national treasurer. The poor will be the ones to suffer if this bill is implemented
Walli has forgotten that the interview was with the media. The answers the President provided were in line with the answers.
With 20% as income tax and 5% VAT, I think the tax reform bill is a good way to go.We should all do family planning and work smart and hard. Each state should be self-sufficient. In the North few are educated and the number of dependents are large, that is why they are objecting to the bill. If we don't have any natural resources, are we not going to run the economy.it's time for every hand to be on deck and support the present administration to take country to the promise land. Religion can't put food on table. Deal with the insurgency, embrace and encourage western education and you will see if the North will not become a force to be reckoned with. The era of freebies is gone and it's time to invest heavily in infrastructure facilities otherwise we may not get it right.
You need to study it very well, 20% income tax is better than the present, but there is a "Trojan horse" of VAT increment to 10% in 2025 and further to 15% in subsequent years, that will make a mess of the gains in d proposed 20% income tax.
@@akindeleakinbayo2390that projected increment should be hurt or delayed till we get the positive impact of this bill. My fear is the implementation and the measure as spoken by the Wali guy The issue is that, we must do something about this and ensure we all support the newness in the administration as necessitated by the current challenges...
Sir why are you so focused on the North. The tax bill if implemented in haste without a strategic phasing in will see the tanking of 35 states. The only state that benefits is Lagos.
All states including south west (excluding lagos) , south east , north and south south suffer because practically all corporate/commercial activities occurs in Lagos.
If lagos benefits, Tinubu benefits because his company Alpha Beta collects taxes in lagos and his company makes up to 5% from each collection.
Tax reforms are needed strategically. Tax increases right now is unnecessary as companies are leaving nigeria and people are suffering. Instead cut federal spend on planes, corruption, bribes,presidential trips, judiciary 300% salary increase, new judiciary housing, cut the size of Tinubu's administration, vice presidential planes...
The federal govt and Nigerians must be compelled to reduce dependency on imports and buy Nigerian products!
@OmoIbadan2 I want to make only one correction, FIRS collects VAT and is distributed to sates through FAAC. Alpha Beta will make not be involved.
@akindeleakinbayo2390 noted thanks!. I'm glad we can dialogue without resorting to name calling.
Confusion in everywhere
Please ooo help us out.... My brother scored 321 in jamb and yet unizik denied him admission to study med/surg. This is the second time ooo not even considering any others courses
Currently even if you make loss you pay cit the law seeks to change that. Proposed paye reduction for low income earners and elimination completely for some bands. reduction of duplicated tax laws.
WHAT ABOUT TAXS COLLECTED AT THE *TRIBUTE CENTRES*
1) police station & checkpoints
2) army checkpoints
Etc
Nigeria is the tax centre of the world already.
My issue is where was these guys when Buhari was in power. Buhari never gave any media chat not one time in 8 years
Search again;so you don't end up a liar .
This guy knows nothing about taxation in relation to economy.
If he is confident let pitch him with Taiwo Oyedele and then compare and judge.
Person wey dull. He dey go read comment dey think say he is intelligent
Exactly
His talking about disadvantages of tax in theory forgetting that tax is not voluntary but compulsory.
In real life and globally no one wants to pay taxes but it's a compulsion and main source of funding governments expenditures.
Taxes is always by force. Moderation can only be applied.
To me , he is having a great deal of the issue from the legal perspective that is lovely, but not dealing with the taxation part. Taxation is very broad and we need both the legal perspective and the finance part. The VAT part he spoke about was fine but it is actually more than what he put out. Well may be time factor.
The tax reform needs to be viewed holistically and grey areas should be discuss with practical examples. One thing, he said that stood out is records. But, the reform cannot actually correct all facets at once, it has to be a work-in-progress document that will be refine as time passes by. One good part of the reform is that the tax system should be truly progressive and perceived to be. The rich and super rich should be made to pay proper tax, that will go a long way, while the base for the low income earner should be increased so that they have more income for life necessities. We all seems to speak more on the VAT part, that should be properly addressed and let us not forget the administration part (Tax Collection ) this has been more of a problem to the economy than the tax it self. There are instances where the Tax collectors are richer than the country. This should stop. Is it really possible????? Time will tell.
Oh he should discuss the whole Nigeria in 1hr is this skinny normal..?
You should know their type, even the person interviewing him
Where is this brilliant young man during Muhammad Buari regime. Maybe we would have not be in this deep economic problems
I am curious about same perspective from most Northern commentators on the tax reform bill!
😄😄😄 Really on the take of the president speech. That's what you want to hear, but the president think differently whilst the interviewers felt differently. Most of the information he is talking about are in the public domain. Well, when you are on TV interview, people say what the public will applaud them for.
My brother you are more intellectually than Tinubu and the press men around. God bless you. Ameen
That is what Nigerians need to be discussing about the tax bill. Not just saying north are against the bill or this and that. I think the government purposely bring the issue of deprivation to cloud the thinking of ordinary Nigerians about this tax rise
This guy doesn't know what his talking about in respect of tax
20 economist will have 80 different answers
This how talking give him one position and he's lost... Non sense people
Everyone ,both the rich and poor ,use telecoms.
So, they should have very low VAT or exempted.
The government can tax the telecoms companies in other ways .
This guy you people are praising is also having the myopic mind set of the average northerns this bill must be sign unto law.he is just blabing trying to be nice in what is doing.
Exactly
Indeed Fulani wali deceit analysis😂
Im sorry for nigerians who said this guy is intelligent just because of his analysis. The fact is that his analysis are basically logical grammar not logical economics. Food and related items are anywhere in the world are always vat exempted because govt indirectly subsidized them.
Im sorry to say, he doesn't understand what he's talking about.
Fantastic! I was thinking, I was biased but seeing your comment, I know the guy is just good on grammar... Finding faults without practical solutions...
He is intelligent and gave many logical proofs, its just yr jealousy - seeing a young man most likely better than you
Illiterate comments everywhere. No one is talking about the issues on discourse, they are busy commending the analyst even when they don't understand an atom of his analogy. Mtcheeww 😅
His criticism of the presidential chat doesn't make sense. If you want a detailed analysis of a specific department, you should get that from that department. The president will necessarily give only a high-level analysis of any one effort. You also cannot speak to the average human(person) in a way that doesn't patronize them if you want to connect meaningfully, because as unfortunate as it is the average person does not have the intellectual breath to appreciate the finer details.
His criticism of the anti corruption effort is also wrong, there is nothing like fighting corruption directly. As the saying goes: show me a 10-foot wall and I will show you an 11-foot ladder. You make more hay by removing the pressures that make people want to climbthat wall than you do trying to raise it to 12-feet. S you can only fight it indirectly and you do it by reducing the incentives for it. As long as people want something enough they will always be able to get it. Remember that the potential corrupt folk are also people with the same brain as the enforcers, and in many cases, they are enforcers themselves. You deter undesirable behaviors, fighting them directly is just a backup, it never actually solves anything. He acknowledges this when he blames hunger for the misbehaviour, because getting rid of the hunger gets rid of the incentive to behave the way they did.
EDIT: His criticism of VAT is also faulty. The percentages aren't a big deal because labour costs in Nigeria are far cheaper so the cost of goods and services is also cheaper. Consequently, 10% of those goods and services are also more affordable than the same percentage elsewhere. So increasing VAT to 10% doesn't mean we are charging global rates. This is an odd oversight to make. I don't have a clear enough picture on the CIT issue, so I'll reserve judgment.
Stop wasting people's time, please
You must be a yoruba man trying to protect your tribe man
You're too much. The other two comments shows shallowness and insincerity. Forget tribe, this is what we need in the country... We must do the right thing now and use our good education to impact our common people sensibly not to just play on their intelligence by supporting their mediocre...
It's a must to reduce the level of commonality in the country, because that's our major challenges and the more reason it's complex to govern the country...
@@RosalieKoundiI felt the same way too. He's not objective.
I was a supporter of the Tinubu regime in the beginning until I saw that his policies were not well thought out and there don't seem to be a direction for where he wants to go.
@@sanusikabir2883You apparently don't support Tinubu anymore because you're sentimental. Say exactly one policy Tinubu's govt has implemented that's anti-people in your view.
Talk is cheap...wonder if this guy saw this complaints when Buhari was at the helm of affairs.
He is talking to himself. He jumped straight into critiquing the nuances of the reform, without explaining the reform. Classic example of a bad teacher. Half the people on here don't even know what the hell he was talking about. Including me. He was just rambling.... EXPLAIN WHAT THE REFORMS ARE FOR CHRISTS SAKE. Jeeezzz
Your guest is a fast talker, I couldn't get or hear most of the things he said.
You should address your comprehension skills. 😅
Not really. He talks fine. The issue is on your part.
Nah, bro. I usually increase playback by 50% as most people here speak too slowly. I inky did 25% with him cause he speaks fine.
You are rather defeated by his clear argument.
Listen, you'd be educated.
If this fine gentleman who is a Nigerian, is talking too fast for you, then don't bother writing IELTS.
I keep telling Southerners like myself that these Tax Bills are a double-edge sword.😂😂😂
We are obsessed with allocation because of crude oil.
But you will have to pay VAT on consumption, rich or poor , through your nose.
Tinubu and his tax politics will end in 2027.