Southwest States To Launch Regional Electricity, Rail Projects - Politics (5)

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Southwest States To Launch Regional Electricity, Rail Projects - Politics (5) - Nairaland

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Re: Southwest States To Launch Regional Electricity, Rail Projects by Gajagojo: 7:41pm On Apr 28, 2023

okeysoninv:
mr man go and rest. do you know better than lirs. shame you don't want to learn.

I know better than you

Re: Southwest States To Launch Regional Electricity, Rail Projects by Jogs1900: 7:43pm On Apr 28, 2023

okeysoninv:
you're the sentimental person here, mobile pbd is even more 500k , you haven't even added condensate and gas. how much is GDP of Lagos if mobile investment in Lagos is close $5b

If it's more than 500k, let's see the source of your information.
if Mobil like, they can relocate their head office to Kaduna state because they have business offices there too. They are not in Nigeria to drill oil alone.

Re: Southwest States To Launch Regional Electricity, Rail Projects by flokii: 7:44pm On Apr 28, 2023

Way to go.. we are naturally progressive.

Re: Southwest States To Launch Regional Electricity, Rail Projects by okeysoninv: 7:44pm On Apr 28, 2023

Jogs1900:

If it's more than 500k, let's see the source of your information.
if Mobil like, they can relocate their head office to Kaduna state because they have business offices there too. They are not in Nigeria to drill oil alone.

Re: Southwest States To Launch Regional Electricity, Rail Projects by okeysoninv: 7:45pm On Apr 28, 2023

Gajagojo:

I know better than you

you know nothing.

Re: Southwest States To Launch Regional Electricity, Rail Projects by Jogs1900: 7:48pm On Apr 28, 2023

okeysoninv:
they pays tax to Lagos ; paye, stamp duty, withholding tax. etc.

Stamp duty and withholding tax is for fed govt not state.

Re: Southwest States To Launch Regional Electricity, Rail Projects by porthouse7(f): 7:50pm On Apr 28, 2023

kettykings:

The Biafrans already have all their states covered with cargo airports, gas power plants are already in 3 states , automobile manufacturing plants for gas powered vehicles are already in another state, who indeed is copying or emulating who

stay in ur region then

2 Likes 1 Share

Re: Southwest States To Launch Regional Electricity, Rail Projects by Mccullum: 7:52pm On Apr 28, 2023

God bless Southwest of Nigeria, just like formation of Odua Group of Companies.. The great Omoluabis always ahead.

3 Likes 1 Share

Re: Southwest States To Launch Regional Electricity, Rail Projects by Jogs1900: 7:53pm On Apr 28, 2023

[quote author=okeysoninv post=122810567][/quote]
Whatever they drill is to the advantage of the communities, States the oil wells are and FG.
Lagos state is not benefiting from the oil drilled in.other states..See hold your governors and senators accountable.

Re: Southwest States To Launch Regional Electricity, Rail Projects by ecolime(m): 7:54pm On Apr 28, 2023

okeysoninv:
they pays tax to Lagos ; paye, stamp duty, withholding tax. etc.

PAYE- They pay to LASG only for their workers living in Lagos. The same way they pay to state governments where the other employees live. Home address of employees determines where companies will send their PAYE to. This is why states with instability are loosing out.

Stamp duty- FIRS (Federal government)

WHT- FIRS (Federal government)

This is how it works

Re: Southwest States To Launch Regional Electricity, Rail Projects by Awise09(m): 7:56pm On Apr 28, 2023

Good way to forged ahead since Northern part want to hold the nation stagnant from progressing.

Re: Southwest States To Launch Regional Electricity, Rail Projects by 7upnigeria: 7:56pm On Apr 28, 2023

kettykings:

The Biafrans already have all their states covered with cargo airports, gas power plants are already in 3 states , automobile manufacturing plants for gas powered vehicles are already in another state, who indeed is copying or emulating who

Lol, with all the development above, you region shouldn't be called potopoto republic, you shouldn't be running down to Lagos Tory and claim it as yours a d you should have at least one working rail line in the entire land of the setting sun. grin

1 Like

Re: Southwest States To Launch Regional Electricity, Rail Projects by okeysoninv: 7:57pm On Apr 28, 2023

ecolime:

PAYE- They pay to LASG only for their workers living in Lagos. The same way they pay to state governments where the other employees live. Home address of employees determines where companies will send their PAYE to. Thus is why states with instability are loosing out.

Stamp duty- FIRS (Federal government)

WHT- FIRS (Federal government)

This is how it works

you should go rest oga

Re: Southwest States To Launch Regional Electricity, Rail Projects by ecolime(m): 8:01pm On Apr 28, 2023

okeysoninv:
you should go rest oga

You wanna teach a fish how to swim? Lol

You could as well have used dictionary to search for their meanings instead of Google.

Humble yourself and learn from those wey pass you.

2 Likes

Re: Southwest States To Launch Regional Electricity, Rail Projects by somehow: 8:02pm On Apr 28, 2023

Gajagojo:

company tax is paid to the Federal government in Nigeria NOT the states
What is etc?
You clearly don't know what you are talking about

1 Like

Re: Southwest States To Launch Regional Electricity, Rail Projects by kettykings: 8:12pm On Apr 28, 2023

7upnigeria:

Lol, with all the development above, you region shouldn't be called potopoto republic, you shouldn't be running down to Lagos Tory and claim it as yours a d you should have at least one working rail line in the entire land of the setting sun.

Lopsided federal structure is why igbos come to Lagos, as I am typing this maritime ports is still under exclusive list of the Constitution

Re: Southwest States To Launch Regional Electricity, Rail Projects by Gajagojo: 8:12pm On Apr 28, 2023

okeysoninv:
you know nothing.

What have you said ? Nothing

UNIVERSITY OF OXFORD. Educate yourself
https://finance.admin.ox.ac.uk/wht
Withholding taxes (WHT) are when tax is withheld from (or deducted from the income due to) the recipient by the payer, and directly paid to the government.In most tax jurisdictions, withholding tax applies to employment income (think of PAYE) but some tax systems withhold tax on other forms of income.

The purpose is to prevent tax avoidance if employees are paid gross

Not all employers withhold tax. Withholding tax by an employer costs money and cannot be managed by many small businesses/employers

In other words they could pay you gross and it is YOUR RESPONSIBILITY to sort out your affairs with the government.
You
Withholding tax therefore is not a type of tax but a method of collection usually used for PAYE
but can be used for VAT or other liabilities
At The end of the year the taxpayer is required to file a return.Then his account is reconciled with the FIRS and he could be required to make additional payment,get a refund if he has overpaid or do nothing.

2 Likes

Re: Southwest States To Launch Regional Electricity, Rail Projects by Enemyofpeace: 8:18pm On Apr 28, 2023

Very good. Gradually we are breaking away from the snail moving country

Re: Southwest States To Launch Regional Electricity, Rail Projects by zoedew: 8:18pm On Apr 28, 2023

muhammaduyusufu:

https://thenationonlineng.net/southwest-states-to-launch-regional-electricity-rail-projects/

Just two years ago, the South-West govs proposed six regions, demand LG autonomy, and resource control.

https://punchng.com/swest-govs-propose-six-regions-demand-lg-autonomy-resource-control/

Unserious fellows! What became of Oduatel for example?

Re: Southwest States To Launch Regional Electricity, Rail Projects by Enemyofpeace: 8:20pm On Apr 28, 2023

Awise09:
Good way to forged ahead since Northern part want to hold the nation stagnant from progressing.

I tell you

Re: Southwest States To Launch Regional Electricity, Rail Projects by Gajagojo: 8:25pm On Apr 28, 2023

Jogs1900:

Stamp duty and withholding tax is for fed govt not state.

Actually withholding tax is not a type of tax. The method of withholding can be used for PAYE or VAT.
If it is PAYE the FIRS collects it ON BEHALF on the states. If it is VAT it goes to the federation account but that case is in court.
Withholding

means the employer is acting as a tax collector/remitter deducting tax on behalf of government
And pays the employee NET of PAYE. The PAYE tax is deducted(withheld) by the employer on behalf of government. That is all withholding means it is not a specific tax

1 Like

Re: Southwest States To Launch Regional Electricity, Rail Projects by MondayOsunbor(m): 8:26pm On Apr 28, 2023

muhammaduyusufu:

https://thenationonlineng.net/southwest-states-to-launch-regional-electricity-rail-projects/

Just two years ago, the South-West govs proposed six regions, demand LG autonomy, and resource control.

https://punchng.com/swest-govs-propose-six-regions-demand-lg-autonomy-resource-control/

In the next 20 years it will still never complete. As Lagos Rail

Re: Southwest States To Launch Regional Electricity, Rail Projects by COMPAQ(m): 8:39pm On Apr 28, 2023

okeysoninv:
payee nko, stamp duties nko, withholding tax nko.

Like he said, EDUCATE yourself!!!!!

PAYEE goes to states based on where the staff lives
Transactions between corporates companies Stamp Duty goes to FG
Stampt Duty for transactions between individuals goes to States
I believe WHT on interest and dividends earned by Corporates go to FG, while that earned by individuals goes to States
N50 Electronic Transfer Stamp Duty is shared between States nd FG

2 Likes

Re: Southwest States To Launch Regional Electricity, Rail Projects by Greattie08: 8:40pm On Apr 28, 2023

Jogs1900:

Some taxes are due to the state while some are due to the federal government.
I'm very sure every company remits the Payee of their staff in the state where those staffs work.

While VAT goes to FG, WHT (individual goes to State & Corporate goes to the FG. Same goes for goes for CGT & so on...

1 Like

Re: Southwest States To Launch Regional Electricity, Rail Projects by Greattie08: 8:44pm On Apr 28, 2023

Gajagojo:

Which tax is this?

P.A.Y.E goes to the States except for workers who work in FCT & the Security personnel that remit their P.A.Y.E to the FG.

Also, WHTax on Rent for Individuals, CGT on individuals goes to the States as well.

Re: Southwest States To Launch Regional Electricity, Rail Projects by fatytoy333(m): 8:47pm On Apr 28, 2023

Johans2023:
These people know that Tinubu will be diverting federal government money to pay for their project.
Hmmm! This is a project to siphon federal government money.
I said it! Person never enter seat,he don dey plan ho to thief our money.

Your comment betrayed your foolishness

Re: Southwest States To Launch Regional Electricity, Rail Projects by Gajagojo: 8:47pm On Apr 28, 2023

Greattie08:

P.A.Y.E goes to the States except for workers who work in FCT & the Security personnel that remit their P.A.Y.E to the FG.

Also, WHTax on Rent for Individuals, CGT on individuals goes to the States as well.

What is WHTax on Rent for Individuals
What is CGT?

Re: Southwest States To Launch Regional Electricity, Rail Projects by Jogs1900: 8:49pm On Apr 28, 2023

Greattie08:

While VAT goes to FG, WHT (individual goes to State & Corporate goes to the FG. Same goes for goes for CGT & so on...

Thank you for this explanation.
We are all learning.

Re: Southwest States To Launch Regional Electricity, Rail Projects by COMPAQ(m): 8:54pm On Apr 28, 2023

[quote author=okeysoninv post=122810567][/quote]

Operative word there is CAPACITY!! How can they produce that capacity when there is constant vandalization, theft, bunkering etc. Most oil companies with onshore operations are not producing up to 50% of their CAPACITY.

Besides, there is what you call natural decline in an oil field over time. Which is why they constantly need to drill new wells to replace natural decline, but most oil companies are not investing because of the issues i mentioned above, as well as delayed PIA.

Re: Southwest States To Launch Regional Electricity, Rail Projects by Gboom: 8:57pm On Apr 28, 2023

Johans2023:
These people know that Tinubu will be diverting federal government money to pay for their project.
Hmmm! This is a project to siphon federal government money.
I said it! Person never enter seat,he don dey plan ho to thief our money.

Without statutory allocation
You reason like a kindergarten

Re: Southwest States To Launch Regional Electricity, Rail Projects by COMPAQ(m): 8:58pm On Apr 28, 2023

muhammaduyusufu:

https://thenationonlineng.net/southwest-states-to-launch-regional-electricity-rail-projects/

Just two years ago, the South-West govs proposed six regions, demand LG autonomy, and resource control.

https://punchng.com/swest-govs-propose-six-regions-demand-lg-autonomy-resource-control/

This is the most sensible thing the SW could have done. I would say that each state should have a target to build a 250MW power plant in the first four years of the new administration, which could be gas, hydro, solar or wind depending on the advantages each state has. That should make 1500MW by 2027, and then a target to add another 250MW each by 2030. Worst case, Osun and Ekiti should combine to build one, but the other SW states should be able to build one each.

Rail is good, but is less of an issue for me. Good quality road network in the SW should be a priority, preferably tolled and maintained by the private sector.

4 Likes

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