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Nairaland Forum / Nairaland / General / Politics / Kogi’s IGR Hits N1bn Monthly (10565 Views)
States’ IGR Hits N1.33trn In 2019, As Lagos Maintains First Spot / States’ IGR Hits N691 Billion As Osun, Ondo, Others Recorded Biggest Growth / Lagos IGR Hits 103.4billion Naira In First Quarter Of 2018 (2) (3) (4)
Re: Kogi’s IGR Hits N1bn Monthly by GOFRONT(m): 10:30am On Nov 16, 2017 |
That is why on the other Thread, i refuse to be proud of ma state when som other guyz were proudly callin out them states...... |
Re: Kogi’s IGR Hits N1bn Monthly by Nopanties: 10:35am On Nov 16, 2017 |
BiafraIShere:The one billion IGR is coming from the unpaid workers salaries |
Re: Kogi’s IGR Hits N1bn Monthly by HiddenShadow: 10:46am On Nov 16, 2017 |
Anthony478: OGHENAOGIE PPI: Public Private Investments. PFPI: Public Financing of Private Innovations eg YOUWIN. PMPFLP: Public Marketing Platforms For Local Producers. PPFAIALP: Public Platforms For Angel Investors And Local Producers. PPELP: Public Private Export of Local Produce eg A Governor buying yams from her indigenous people at #1500 and then selling to an exporter at #4500 who in turn sells at #7,000 - #10,000 overseas These 5 things are the structures that must exist in order to make an economy taxable. These are also other means of generating revenue . |
Re: Kogi’s IGR Hits N1bn Monthly by OGHENAOGIE(m): 10:46am On Nov 16, 2017 |
HiddenShadow:what are d other means |
Re: Kogi’s IGR Hits N1bn Monthly by OGHENAOGIE(m): 10:48am On Nov 16, 2017 |
brodalikeme:are lagosian feeling much impact self |
Re: Kogi’s IGR Hits N1bn Monthly by elyte(m): 10:49am On Nov 16, 2017 |
raker300:do your calculation ag ain. |
Re: Kogi’s IGR Hits N1bn Monthly by Blue3k2: 10:55am On Nov 16, 2017 |
raker300: Also take note the tax base is 400k. Thats less than a dollar a month the state is collecting. |
Re: Kogi’s IGR Hits N1bn Monthly by Juliojoe: 10:59am On Nov 16, 2017 |
Part of the 1 billion must be staff salary and all other wages wicked government acting like somebody under spell. Syphoning state virtues to build university in Benue state and all other unknown investment |
Re: Kogi’s IGR Hits N1bn Monthly by encryptjay(m): 11:13am On Nov 16, 2017 |
Big lie |
Re: Kogi’s IGR Hits N1bn Monthly by omohayek: 11:14am On Nov 16, 2017 |
HiddenShadow:Coming up with fancy new acronyms is easy, but can you show a single developed country, or constituent part of such a country, that counts such terms as major sources of funding? Because I’ve been to much of Europe, East Asia and North America, and everywhere I went the main source of government revenue was the same - taxation, be it in the form of income tax, sales tax or customs duties. |
Re: Kogi’s IGR Hits N1bn Monthly by Blue3k2: 11:17am On Nov 16, 2017 |
omohayek: What is paid in taxes is insignificant compared to oil money anyway. The state of 3 million as of last census generating only 12 billion a year. The tax base pays N2,500 a month. 1 Like |
Re: Kogi’s IGR Hits N1bn Monthly by omohayek: 11:23am On Nov 16, 2017 |
Blue3k2:Which makes it all the more bizarre to hear all the complaining about “heavy” taxes. I wonder how many of those complaining would manage in a typical European country with 20% VAT and top income tax rates of more than 40%! I know they’ll just spout nonsense about how the government should first give them the benefits that will justify the taxes, but how exactly is that supposed to happen without the sort of heavy borrowing people condemn Osun for? 4 Likes 1 Share |
Re: Kogi’s IGR Hits N1bn Monthly by eaglebeliever(m): 11:28am On Nov 16, 2017 |
You just made your calculations unnecessary complex by multiplying by 12 and later dividing by 12. Why didn't you just divide the N1 bilion by 400, 000 right away and arrive at N2,500/month ? Blue3k2: |
Re: Kogi’s IGR Hits N1bn Monthly by uloewa: 11:31am On Nov 16, 2017 |
BOLD FACE LIES. THE STATE WAS GENERATING 600 MILLION MONTHLY DURING WADA'S TIME. HOW CAN BELLO NOW COME AND SAY IT IS 300 MILLION. HOW DOES HE EXPECT US TO BELIEVE HIS 1 BILLION FIGURE. IF NA TRUE, I DARE HIM TO RELEASE A BREAKDOWN. MOST OF IT WILL BE DEVELOPMENT LEVY FROM THE OVER INFLATED BOGUS CONTRACTS HE IS AWARDING. KOGI HAS BEEN DESTROYED. 1 Like |
Re: Kogi’s IGR Hits N1bn Monthly by Blue3k2: 11:31am On Nov 16, 2017 |
eaglebeliever: The yearly calculations was to show big picture. A state of millions only 12 billion naira. Then the tax base with the millions only pays insignificant amount. 1 Like |
Re: Kogi’s IGR Hits N1bn Monthly by Cadillac1984: 11:36am On Nov 16, 2017 |
We should borrow wings and fly ba? As if they will use the money for the betterment of the masses. |
Re: Kogi’s IGR Hits N1bn Monthly by HiddenShadow: 11:41am On Nov 16, 2017 |
omohayek: I won't waste my time arguing with you until you find yourself in the helms of affairs. I don't think you know that Nigerians and their businesses are too poor to sustain taxation. You must first empower them to be wealthy before you can rely on them for taxation. You can doubt me at your own peril. Finally, you are talking to a distance relative of one of the most outstanding, effective and efficient former Governor. I won't mention his name but he is well respected. Just take note that we know how to run an effective government and still doing it till today. 2 Likes 1 Share |
Re: Kogi’s IGR Hits N1bn Monthly by BiafraIShere(m): 12:06pm On Nov 16, 2017 |
afroniger:Bad Belle? Not me, I'm just being realistic here. I've traversed Kogi state and I know what I'm saying. Can you name up to five industries/companies operating in Kogi? Commerce?? I've been to Lokoja (actually lived there for almost a year), Okene, Kabba, Anyigba, Ankpa and these are the most developed towns in the state and I saw nothing that could generate #1 billion monthly for the state. Which state governors? The same dishonest state governors?? I wonder what they hope to achieve with such lies. 2 Likes 1 Share |
Re: Kogi’s IGR Hits N1bn Monthly by mastermaestro(m): 12:45pm On Nov 16, 2017 |
MediumStout: I equate shallow reasoning to sin. How on earth would a smart person place Kogi and Lagos on the same economic scale? It would take a miracle for Kogi to be able to generate that much. Nigeria does not start and end in Lagos. 1 Like
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Re: Kogi’s IGR Hits N1bn Monthly by Silumi(f): 1:10pm On Nov 16, 2017 |
Lol.kogi that I know or another one.lmao.thay state cannot boast of half a mill of internal revenue ;Dsef |
Re: Kogi’s IGR Hits N1bn Monthly by brodalikeme(m): 1:59pm On Nov 16, 2017 |
OGHENAOGIE:Better than other states |
Re: Kogi’s IGR Hits N1bn Monthly by adesamix(m): 2:25pm On Nov 16, 2017 |
if it is true, the standard of living of state will be too high because of high tax . |
Re: Kogi’s IGR Hits N1bn Monthly by ODVanguard: 3:09pm On Nov 16, 2017 |
omohayek: Honestly, going by the way nigerians attack tax collection, I think it's fair to say that we are not ready to develop. South Africa with a population of 40-million is pulling in as much as $65-billion dollars in VAT annually, while Nigeria with 170-million people struggles to collect a meager $6-billion. Our people need reorientation in this regard coz money for development has to come from somewhere, and we don't have that many options, in the face of dwindling oil revenues. 6 Likes 1 Share |
Re: Kogi’s IGR Hits N1bn Monthly by HiddenShadow: 3:36pm On Nov 16, 2017 |
ODVanguard: Are we rich as South Africans. |
Re: Kogi’s IGR Hits N1bn Monthly by ODVanguard: 3:48pm On Nov 16, 2017 |
HiddenShadow: Guy, what are u talking about? We have more than 4-times the population of SA yet we can't match them even half way. Their companies in Nigeria make more money HERE than anywhere else, in other words, they are getting way more out of our population than our government is able to. Abeg talk another thing. 5 Likes 1 Share |
Re: Kogi’s IGR Hits N1bn Monthly by Hiatus: 5:32pm On Nov 16, 2017 |
olagoke157:I do an supply footwears, u can reach me on 08060507639 |
Re: Kogi’s IGR Hits N1bn Monthly by Amoto94(m): 8:23pm On Nov 16, 2017 |
This is true |
Re: Kogi’s IGR Hits N1bn Monthly by HiddenShadow: 10:46pm On Nov 16, 2017 |
ODVanguard: You can't compare South Africans with Nigerians. South Africans enjoy a reasonable level of wealthy, unlike the zoo |
Re: Kogi’s IGR Hits N1bn Monthly by Vivere: 3:44pm On Nov 17, 2017 |
afroniger:If you know Kogi state very well, you will know the state govt is lying. Let them list the sources of the IGR. How did it come about? Workers have not been paid for months, so PAYE tax could not have been deducted from unpaid salaries. New industries have not been built, new companies have not been opened and new projects have not been commissioned in the state since beginning of this year. So where is the increased IGR coming from?? |
Re: Kogi’s IGR Hits N1bn Monthly by Vivere: 3:49pm On Nov 17, 2017 |
omohayek: In foreign countries, everyone can see what the taxes are used for. Citizens do not have to seek additional funds to provide essential services, which their taxes are expected to cover. In Nigeria, taxation is an additional burden because even after paying those taxes , you do not get the benefits that accrue from paying them, and you still have to find additional funds to provide the same goods and services that should have been funded by your tax. From roads to water to security to almost everything else! That is why people complain about taxes! As an SME, the issue of multiple taxation is so common in Nigeria, that some businesses actually end up collapsing under the weight of such multiple taxes. Govt ignores their pleas and some business owners are left with no choice, but to close shop or relocate. |
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