mtisTheQubit:

yap that gonna kill the deal unless the government subsidizes some of ths stuff.3000 dollars is way up there

with that kind a money you can have a decent share in a decent company

edon21:


with that kind a money you can have a decent share in a decent company

True

mtisTheQubit:

yap that gonna kill the deal unless the government subsidizes some of ths stuff.3000 dollars is way up there

I think they are targeting high end factories not the common people.

Ibrahimanis:

I think they are targeting high end factories not the common people.

what if we generate electricity from solar energy (your country is sunny ) an the sell the extra to the gov through feeding it to the grid like in some western countries.It could be a game changer for some of ths folks.

mtisTheQubit:

what if we generate electricity from solar energy (your country is sunny ) an the sell the extra to the gov through feeding it to the grid like in some western countries.It could be a game changer for some of ths folks.

True

But Nigeria's problem is not only generation, it's the whole value chain. Generation, transmission, distribution.

Installed capacity: more than 10,000mw

Average gen capacity: 3500-4000mw (we need to make sure all our plants are working at optimum capacity first)

Transmission capacity: about 5000mw (there was a time when generating companies (Gencos) manage to generate about 7000mw but 2000mw was stranded because it cannot be transmitted)

Distribution capacity: 6000mw plus.

So you see. It doesn't matter if we build 100 mega plants, the transmission company can't transmit to distribution companies (DisCos) and even if they manage to transmit all of it, discos can't distribute all of it.

Which is why government is more focused on overhauling existing plants and building more substations than building new plants.

And Nigeria's grid is too centralized. We need to break it up into more efficient mini grids.

tylann:

Lipton very few Kenyans know what that is
Anyway but producing oil and still importing oil products is madness

I have told you a lot of the nigerian here are illiterate nigeria has lost 45% of his industries in 6 years

edon21:


don't you understand what I'm trying to get to you?
the owner is a British and not like innoson that is owned by a Nigerian

You are brainwashed nigerian fool. Your type is the one that wants everything to be nigeria when nigeria is 90 something in the world country to live in and 150 something country in the world human development index and you still want everything to be nigerian you are a brainwashed fool. See how the nigerian people are running to other african countries to invest see how your companies and industries are folding up. You can still open your mouth that you want it to be a nigeria

edon21:

I thought as much.
Mombasa can't compete with calabar but it all do well with port hacourt

Nairobi is around the third best city in africa why your lagos is right below harare zimbabwe as the waste city in africa to live in. Even zimbabwe kicks nigerian ass

Continues

sufferNsmiling:


You are brainwashed nigerian fool. Your type is the one that wants everything to be nigeria when nigeria is 90 something in the world country to live in and 150 something country in the world human development index and you still want everything to be nigerian you are a brainwashed fool. See how the nigerian people are running to other african countries to invest see how your companies and industries are folding up. You can still open your mouth that you want it to be a nigeria

first don't let yourself down by calling me a fo
I don't want to insult anyone talk of to insult a less privileged
I just have one stuff for you.
can we take this topic on in the next 2 years?

[quote author=Jonraid post=74977124]Q: What are the revenue collection agencies of nigeria?

A: nigeria has many Revenue Collection Agencies, but the major ones are: FIRS, NCS, DPR, Others (NPA, NIMASSA, JAMB etc).#WhereIsTheBalance?

FIRS - Collects the following taxes on behalf of the Federal Republic of nigeria. - Company Income Tax (CIT)
- Petroleum Profit Tax (PPT)
- VAT
- Personal Income Tax
- WHT
- Education Tax
- Stamp Duties
- Capital Gains Tax
- NITDF Levy

Nigerian Customs Services
- Custom and Excise Duties.

Department of Petroleum Resources (via the NNPC)
- Royalties on Oil Producing fields
- Rent accruing from awarded concession
- Gas flaring penalties.

Others:
- NPA
- NIMASA
- JAMB
- Stolen Asset Recovery's
- Dividend
- etc

#WhereIsTheBalance?

Q: Where is the revenue collected by these agencies paid into?

A: They are paid into the Federation Account from where a committee known as FAAC meets monthly to divide it among the Federating units in accordance to the revenue sharing formula.
#WhereIsTheBalance?

Q: What is the sharing formula used by FAAC?

A: The sharing formula is
- FG: 52.68%
- States: 26.72%
- Local Govt: 20.60%
- There is an additional 13% derivation paid to oil producing states from oil proceeds based on the derivation principle.

#WhereIsTheBalance?

Q: Does it mean that all revenue are shared in accordance to that formula?

A: No. The VAT collected by FIRS and paid into the Federation Account is shared with a different formula.
- FG: 15%
- States: 50%
- LG: 35%
#WhereIsTheBalance?

Q: How much did d Federal Republic of nigeria earn in 2018?
A: We don’t have the full figures, but from public records, we can estimate
FIRS – N5.3 Trillion
NCS - N1.2 Trillion (Prorate from claim of N800B collected as at Aug)
DPR - N7 Trillion
Others - N500B
#WhereIsTheBalance?

Q: What is the estimated FG share of this amount?

A: First, let’s back out VAT. We know that out of VAT of N1 Trillion, the FG collects 15% which is = N150 Billion. 2ndly, we need to back out the 13% derivation from oil proceeds as well as other deductions.

Using the basic rule of the thumb, from an estimated revenue of N14Trillion, we can estimate that revenue available to the FG can't be higher than N6.5Trillion. Even this is generous just reflecting on 2018 budget performance figures.


Breakdown Of The 2019 FGN Budget ProposalThe Nigerian economy emerged from recession in Q2 2017, and the macroeconomic environment has stabilized and is recovering gradually. This has renewed confidence in the country’s growth prospects.

#WhereIsTheBalance?

Q: And the N9 Trillion Budget?
A: The N9 Trillion budget is the budget of d Federal Govt of nigeria and not the Federal Republic of nigeria. This means that the FG can only budget on its portion of federally collected revenue & not total collect-able revenue.

Since we estimate that the maximum revenue available to the FG would be N6.5 Trillion and the FG intends to spend N9 Trillion, what this means is that the FG will have to spend more than it earns and borrow the difference. This is what we call budget deficit.#WhereIsTheBalance?

Q: So where is the balance?

A: The balance is with your State Govt and Local Govt. Please engage them. Ask them questions. Challenge them to show you what they're doing with the amt of money they

OMFG!? Not even an experienced tax expert can make head or tail of all that-what the actual fvkc? Competing collection agencies, rival sharing formulas etc etc,aiyayaya,rvp20183,kuja uone!

mtisTheQubit:

what if we generate electricity from solar energy (your country is sunny ) an the sell the extra to the gov through feeding it to the grid like in some western countries.It could be a game changer for some of ths folks.

You can own a solar panel instead of buying generators which pollute the environment

I dont why nigerians prefer generators to solar panels

Ibrahimanis:

True

But Nigeria's problem is not only generation, it's the whole value chain. Generation, transmission, distribution.

Installed capacity: more than 10,000mw

Average gen capacity: 3500-4000mw (we need to make sure all our plants are working at optimum capacity first)

Transmission capacity: about 5000mw (there was a time when generating companies (Gencos) manage to generate about 7000mw but 2000mw was stranded because it cannot be transmitted)

Distribution capacity: 6000mw plus.

So you see. It doesn't matter if we build 100 mega plants, the transmission company can't transmit to distribution companies (DisCos) and even if they manage to transmit all of it, discos can't distribute all of it.

Which is why government is more focused on overhauling existing plants and building more substations than building new plants.

And Nigeria's grid is too centralized. We need to break it up into more efficient mini grids.

So what is the problem i think somebody is sabotaging your power system
Don't you think so !?
Some generator cartels maybe

[quote author=tylann post=75008586]
So what is the problem i think somebody is sabotaging your power system
Don't you think so !?
Some generator cartels maybe [/quote

the total arrangement is messy. the leaders did not look into the future before building

tylann:

You can own a solar panel instead of buying generators which pollute the environment

I dont why nigerians prefer generators to solar panels

for people who can't afford the panels and some are not aware

Ibrahimanis:

Mobius is pretty legit.

Katanka on the other hand? SMH

Katanka is older than innoson yet innoson just launched it's automated plant, shows some serious business.

You really need to read that article I posted.

That man assemble CKD vehicles and pass them off as manufactured vehicles.

Katanka has a future innocent motor does not have a future the guy is in massive massive debt owing gtb owing the chinese. The company has no future. He is just producing vehicles to pay the debts. Even the debt innocent motors is not known he is not coming out clearly how much he is owing also gtb bank is not coming out clearly how much is owing but what we know he is paying 22% interests no company can survive with that type of interest

tylann:

So what is the problem i think somebody is sabotaging your power system
Don't you think so !?
Some generator cartels maybe

Please don't tell me you are related to Kikuyu, that guy is a conspiracy theorist through and through.

No I don't think there is any sabotaging involved, just mismanagement.

edon21:


for people who can't afford the panels and some are not aware

Between a solar panel and a generator which is expensive
The cost of running a generator is too way expensive

Ibrahimanis:

Please don't tell me you are related to Kikuyu, that guy is a conspiracy theorist through and through.

No I don't think there is any sabotaging involved, just mismanagement.

Iam not conspiracy theorist
But you can't just tell me for all those years Nigeria power sector is still in shambles
There is some people in your govt who are benefitting from your power issues

For those interested,
The FG's fears in refusing to sign the free trade is not unwarranted.

"NAN learnt, however, that the prohibited Ghanaian goods were actually manufactured in other countries and shipped to Ghana for re-packaging and export to Nigeria"


https://punchng.com/accept-goods-made-in-ghana-diplomat-pleads-with-nigerians/amp/

Nigeria despite it's shortcomings is still one of the most attractive and lucrative market on the continent, so such underhand practice by the Europeans/Americans or wherever the goods are coming from is not surprising.

And this is not the first time.

Benin Republic imports way more rice than it needs, guess where it gets smuggled to. Nigeria.

Same goes for cars, especially used ones.

I am all for signing the agreement because it would transform Africa as a whole but not at the detriment of Nigeria.

sufferNsmiling:


Katanka has a future innocent motor does not have a future the guy is in massive massive debt owing gtb owing the chinese. The company has no future. He is just producing vehicles to pay the debts. Even the debt innocent motors is not known he is not coming out clearly how much he is owing also gtb bank is not coming out clearly how much is owing but what we know he is paying 22% interests no company can survive with that type of interest

We need African countries to manufacture automobile fully made in africa
Without importing some parts
You mean there are no Africans who can innovate vehicle engines must we import them

Uganda students did well by innovating a solar powered bus

mtisthequibit man up to the challenge and come out of the gutters from your hiding place.
You are a Nigerian.
Be bold enough to be objective

Mobius isnt Kenyan,its owned by British

When we talk indigenous brands owned by real blacks

Kenya is found wanting
SA is found under the hole


I can see that that impoverished black SA white man ass licker is back
SA dare not toil with NG
We dominate their business chain,take over their shops in Jo'burg and lastly take their ladies

Black south Africans have less than 10% feasible business on the stock exchange

Kenya and SA are ornithological specimens who variably conglomerate to their various proximity. They suffer modern colonial rule.Whites decide and command too much in their country



Watch as they come to attack me

tylann:

You can own a solar panel instead of buying generators which pollute the environment

I dont why nigerians prefer generators to solar panels

we use it very well,but the cost of having an efficient solar system is rather humongous

edon21:


is there any country that haven't experienced it? even United States.
how many has alshabab killed. and alshabab is not as fortified as Boko Haram or, ISWA

He is here talking for getting how Kenya has lost up to 800 troops to a weaker alshaabab.Alshaabab that doesn't even own tanks.Every single country has casualties in battle no matter how powerful.

edon21:
nns

I'm taking a risk and assuming you're capable of reasoning:you've mentioned your tiny harbour security vessel , the NNS Andoni. Fyi,the KN has dredged a 4000 tonne slipway to begin ship building in conjunction with Damen of Holland. That's what they'll be building ,a true ocean going warship.


I repeat,one is a 100 footer,strictly inshore patrol boat-look at the free board! The other is a 350 foot warship for anti surface warfare or anti air duties which has been sold to Indonesia,Morocco,Mexico and Romania. The steel ism specifically for naval construction which means it has high hydrogen to be mild so as not to splinter under explosive stress and every step of building must adhere to Damen specs. Look at their website to see the possibilities.

Ibrahimanis:
For those interested,
The FG's fears in refusing to sign the free trade is not unwarranted.

"NAN learnt, however, that the prohibited Ghanaian goods were actually manufactured in other countries and shipped to Ghana for re-packaging and export to Nigeria"


https://punchng.com/accept-goods-made-in-ghana-diplomat-pleads-with-nigerians/amp/

Nigeria despite it's shortcomings is still one of the most attractive and lucrative market on the continent, so such underhand practice by the Europeans/Americans or wherever the goods are coming from is not surprising.

And this is not the first time.

Benin Republic imports way more rice than it needs, guess where it gets smuggled to. Nigeria.

Same goes for cars, especially used ones.

I am all for signing the agreement because it would transform Africa as a whole but not at the detriment of Nigeria.

sorry boy
most of the goods coming from Ghana are produce right here in Ghana


BUT SINCE NIGERIA is scared of competition from Ghanaian companies

Ghanaian companies have resolved to look elsewhere
the sub-region is big

Ibrahimanis:

Mobius is pretty legit.

Katanka on the other hand? SMH

Katanka is older than innoson yet innoson just launched it's automated plant, shows some serious business.

You really need to read that article I posted.

That man assemble CKD vehicles and pass them off as manufactured vehicles.

guy
visit the plants
the man mould his own engines
build his cars from scratch.

Innoson is still importing Chinese CKD for assembly.

Ibrahimanis:

Source?

Innoson never lied to anybody, it's clearly stated 30% imports to produce it's products. So it's manufacturing not assembling.

Unlike Ghana where that scammer lied to them and they fell for it.

guy
in Ghana
Kantanka make his own products oo
He only imports lightings and some of the electrical units


Innoson is the one doing the CKD importation from China

Just30:
sorry boy
most of the goods coming from Ghana are produce right here in Ghana


BUT SINCE NIGERIA is scared of competition from Ghanaian companies

Ghanaian companies have resolved to look elsewhere
the sub-region is big

What type of goods and products does Ghana sell to Nigeria
And how many Ghana companies are in Nigeria

abbeg:
He is here talking for getting how Kenya has lost up to 800 troops to a weaker alshaabab.Alshaabab that doesn't even own tanks.Every single country has casualties in battle no matter how powerful.

america once lost about 30000 seals in a war

mtisTheQubit:

what if we generate electricity from solar energy (your country is sunny ) an the sell the extra to the gov through feeding it to the grid like in some western countries.It could be a game changer for some of ths folks.

I think the best alternative is generating electricity from water example oxygen or hydrogen like hydrolysis I think that will be the best option. You pass direct current through water and you get out hydrogen I know there are cars which run on water only

Just30:
guy
in Ghana
Kantanka make his own products oo
He only imports lightings and some of the electrical units


Innoson is the one doing the CKD importation from China

You mean kantanka even makes it is own engines
So why make engines and import the lightings
I have seen kantanka vehicles they are dope