That is just VAT o. Other inland revenue s, foreign Exchange etc not included. Why are we borrowing? APC govt more corrupt than any in history.

TimeTraveller:
60% of the VAT is from Lagos
The proceeds are from the sale of alcohol & cigarettes (including Olosho joints)

Kano and several states are against alcohol, cigars and prostitution.

But they will gladly collect SINFUL money.
They will even use the money to build mosques & subsidize Hajj.

Make of the bullshit all you want.

All these educated Yorubas mumu no be small.

There are sending VAT to Abuja gain!

With all dis money d fg is making as revenue from tax alone, d average and lower people still finds their self in this hard life for d past 3 years and still on presently

What have they been using the money they are generating to do ? Likewise EFCC , Custom and NDLEA ...
If they put all those money generated by those so called agency to fund some project we won't be on top 10 debts

PenuelFarms:
And that's less than $1bn

Funny Nigerians want the whole world to be provided for them from $1bn a quarter or about $4bn a year. When South Africa is yet to eliminate poverty and illiteracy from the $130bn they spend a year.
USA still has thousands of homeless after spending $4trn every year, that's 1000 times what Nigerians are shouting should be enough make them live like Saudi oil sheiks.

We are not talking of $40bn or $400bn oh.
Ignorance is one of our biggest problems and risk factors

grandstar:
The increase is a pittance, considering the Naira has lost about 20% of it value since then. What makes it worse is that VAT has been increased by 50% since then, hence, a double-digit rise was to be expected. This is really disappointing.

Read to comprehend not just to shoot, there's a 56% increase compared to last year.

Bennycollins:
That is just VAT o. Other inland revenue s, foreign Exchange etc not included. Why are we borrowing? APC govt more corrupt than any in history.

One of the ignorant ones that have flooded this space, $4bn a year is so big because you don't know it's not even enough for one state. New York police department budget for one year is $9bn.

$4bn is just $20 per citizen of Nigeria in a whole year, and if you can't do much with it for yourself, you think govt can use it to provide world class health and education for everybody? How?

Ovamboland:


Read to comprehend not just to shoot, there's a 56% increase compared to last year.

My bad. You're correct.

I did not read the entire article.

Please where’s all this money?

You are the one fooling yourself. They said #512billion is earned in a quarter don't you understand ? That is over 2trillion in a year. How much is our annual budget and also national income? What percentage of it usually comes from VAT? How much is a state budget, I mean even Lagos? Is it up to 2 trillion naira? Mr know it all.

Ovamboland:


One of the ignorant ones that have flooded this space, $4bn a year is so big because you don't know it's not even enough for one state. New York police department budget for one year is $9bn.

$4bn is just $20 per citizen of Nigeria in a whole year, and if you can't do much with it for yourself, you think govt can use it to provide world class health and education for everybody? How?