The harrassment of citizens with double taxing and overrated taxation translates into high IGR for our people! So when i hear that a state's IGR rose, I shudder because I know what that actually means. But all the same, let not the governors have their way!
The most unbalanced criteria is derivation. The reason why 50% is shared equally is to compensate those people whose derivation is being calculated in their head offices, which doesn't necessarily mean those vat are only derived at head offices states. So it's actually the states that benefit more on derivation that are cheating the other states whose derivations are calculated in their head offices. Secondly, states like lagos and the FCT has benefited alot of federal investments and infrastructures over the years of being a capital which other states haven't. Thirdly, with the only functioning ports being in southwest, the benefit more from investments not because they are better. So, I think it's balanced
To decongest Lagos, reduce FG presence, FG should invest in other States, for instance why is FG seeking for investors for forth seaport, while that of Calabar has been abandoned. FG can seek investors also for the Calabar seaport instead of seeking for investors for Lagos forth seaport.Since SS produce the oil, let also SS or any States keep their oil money 60%
I am in support of this tax bill based on the Dr’s Analysis. Money shouldn’t just be shared based on population without that population corresponding to production. We in the North should be ashamed based on those VAT figures, 10 states what? Given our population and Arable land, the numbers quoted are pitiful. Nigeria is not a soviet state. All states should focus on growing their IGR, instead of depending on sharing formula.
Let the federal Government allow southeast to built their own port and I mean sea port, doing that will automatically reduce the numbers of people in Lagos
@@ekeneshedrack7601 why didnt you push for it? you have state govt , senate and reps do they not know they need sea port in the east?why havent they come together and propose it? you know you cant continue pushing blames on others if you dont address your problem locally..
Dear God! Stip interrupting the guests! Channel News what kind of hodts are these? Not eveybody is as slow as you two! Let the guests talk & do your silly understanding & questions later!
The proposals by the governors should never be accepted.
The harrassment of citizens with double taxing and overrated taxation translates into high IGR for our people! So when i hear that a state's IGR rose, I shudder because I know what that actually means.
But all the same, let not the governors have their way!
One thing I like about Tinubu is his strong political will unlike other past presidents.
His major problem is wasteful spending.
The most unbalanced criteria is derivation. The reason why 50% is shared equally is to compensate those people whose derivation is being calculated in their head offices, which doesn't necessarily mean those vat are only derived at head offices states. So it's actually the states that benefit more on derivation that are cheating the other states whose derivations are calculated in their head offices. Secondly, states like lagos and the FCT has benefited alot of federal investments and infrastructures over the years of being a capital which other states haven't.
Thirdly, with the only functioning ports being in southwest, the benefit more from investments not because they are better.
So, I think it's balanced
To decongest Lagos, reduce FG presence, FG should invest in other States, for instance why is FG seeking for investors for forth seaport, while that of Calabar has been abandoned. FG can seek investors also for the Calabar seaport instead of seeking for investors for Lagos forth seaport.Since SS produce the oil, let also SS or any States keep their oil money 60%
Please the President should not allow those lazy and visionless governors to make their way with their useless suggestions .
I am in support of this tax bill based on the Dr’s Analysis. Money shouldn’t just be shared based on population without that population corresponding to production. We in the North should be ashamed based on those VAT figures, 10 states what? Given our population and Arable land, the numbers quoted are pitiful. Nigeria is not a soviet state. All states should focus on growing their IGR, instead of depending on sharing formula.
Let the federal Government allow southeast to built their own port and I mean sea port, doing that will automatically reduce the numbers of people in Lagos
Who is holding them back?
@@Sholaades5145Bc seaport is in the exclusive list. Meaning its building is dependent solely on the discretion of the president.
@@ekeneshedrack7601 why didnt you push for it? you have state govt , senate and reps do they not know they need sea port in the east?why havent they come together and propose it? you know you cant continue pushing blames on others if you dont address your problem locally..
Dear God! Stip interrupting the guests! Channel News what kind of hodts are these? Not eveybody is as slow as you two! Let the guests talk & do your silly understanding & questions later!