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Nigerian Government May Increase VAT To Fund New Minimum Wage - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigerian Government May Increase VAT To Fund New Minimum Wage (24085 Views)

We’re Proposing Law To Increase VAT To 10% –presidential Tax C’mtee / Bola Tinubu Asks Osinbajo And FG Not To Increase VAT, Widen Tax Bracket Instead / You Can’t Increase VAT, Tinubu Tells FG (2) (3) (4)

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Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by dfrost: 7:34pm On Mar 19, 2019
Okay.
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Blue3k(m): 7:34pm On Mar 19, 2019
Now they're talking. This was the inevitable outcome. Governments get most of their money from taxes or borrowing.
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by AZeD1(m): 7:34pm On Mar 19, 2019
I am not surprised. A lot of reasonable people said the new minimum wage is unrealistic but Nigerians being emotional rather than logical would not listen.

If VAT is increased, the workers would be poorer than they currently are even though they earn more.

To increase the standard of living , we need to reduce costs(cost of food, housing, et al) which would increase the purchasing power of the common man without increasing the wage bill and we need to be more productive. Anything outside this two is going in circles.

5 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by worlexy(m): 7:34pm On Mar 19, 2019
ok
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by backnbeta(f): 7:35pm On Mar 19, 2019
Why is it so difficult for them to cut down their salaries and expensive lifestyles?

5 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by israelmao(m): 7:35pm On Mar 19, 2019
Giving with one hand and collecting with the other.Nigerian civil servants are 5.2m and you want both that are working in private sector and even the non-working population to pay VAT in order to fund new minimum wage.This government is deficit of ideas,clueless and suffering from INCONCLUSIVE mental development.

2 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by tempest01(m): 7:36pm On Mar 19, 2019
They should reduce cost of governance instead.

3 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by crazygod(m): 7:36pm On Mar 19, 2019
#Rat race.
After a while when the price of commodities have increased, labour will seek amother increase in minimum wage. Running round in circles.

2 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by awa(m): 7:37pm On Mar 19, 2019
Welcome to the Next Level

2 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Nobody: 7:37pm On Mar 19, 2019
...the satanic next level loading....

The shithole is sitting on a keg of gunpowder!

1 Like

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Adekdammy: 7:42pm On Mar 19, 2019
Increase in vat means increase in goods and the consumers will be the ones to bear the excess, so govt is indirectly collecting the wage increase thru vat.

To govt it's a win win
To the masses status quo remains same

2 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by enemyofprogress: 7:44pm On Mar 19, 2019
divinehand2003:
Wahala dey come naija oooooo. Not only will $1 hit N500, but VAT also will increase. How do we survive 2019 -2023 ?
it is called next level jo

1 Like

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sonnie10: 7:45pm On Mar 19, 2019
EVILFOREST:
MAMMY WATER GIFT
Give head take head
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Tywo2018: 7:45pm On Mar 19, 2019
Please how much is the current VAT See?
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sharpsecret: 7:47pm On Mar 19, 2019
Amuocha:
Great
wats great?u reason like ur username..u are increasing a salary to mere 30,000naira,its nt even up to 100dollars and u hav to work 4 atleast 8-12hours per day for 30days to earn it..and u want to stylishly collect it from them by increasing VAT,amuocha hw did i find myself in d same country wit sm1 lyk u

2 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Nobody: 7:49pm On Mar 19, 2019
They are crazy. Let them slash those salaries of the pot-bellied men in government. That will do, and if it doesn't, allowances should be slashed as well. Their salaries and allowances are highly irrational. Many of the things they budget for are utterly ridiculous as well. Charity, they say, begins at home.
P.S; I know i'll probably get banned for this but the truth must be said.

2 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Emma1Oj(m): 7:53pm On Mar 19, 2019
They will always heap all the problem back to the masses, they will never think of how to reduce their salary, wardrobe, sitting allowance, food and drink etc.

1 Like

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Kxngstein(m): 7:54pm On Mar 19, 2019
What if they leave the VAT the way it is and reduce the salaries and allowances of those senators and ministers?

1 Like

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by FlintGuevara(m): 7:56pm On Mar 19, 2019
post=76804463:
We have written this more than once here since last year.....
Hope it can get to the right sources.

HOW NIGERIA CAN PAY MINIMUM WAGE COMFORTABLY..........


1. Abolish SECURITY VOTE in NIGERIA. Nigeria will pay N45,000 minimum wage comfortably.

2. a) Abolish CONSTITUENCY PROJECT FUNDS
b) Reduce number of ADVISERS to SENATE PRES(2), HOUSE SPEAKER(2), GOVs(4), PRESIDENT(5), VP(2)
c) Reduce current ALL Political Office Holders PAY CHEQUES by 51.5%, without exception
d) Do away with special remuneration to POLITICAL ADVISERS & PUBLIC SERVANTS e.g; Purchase of Private Vehicles, Houses, granting Govt paid Vacations, paying for 1st & Business Class Transportations, etc, etc...
e) Abolish payment of OVERSEAS MEDICAL BILLS for Political Office Holders.
f) Eliminate PRIVATE PRACTICE in public workforce
g) Eliminate participation of Public Workforce in Partisan Politics.
h) Institute EMPLOYMENT BY MERIT, and eliminate UNDEREMPLOYMENT.
i) Review and eliminate allocation of Govt paid POLITICAL AIDES & SUPPORT STAFF to Political Office Holders.

With (1) + (2) Nigeria would pay a minimum wage of N65,000 comfortably

3. Move Nigeria MORE to Private Sector Driven Economy
a) Privatise ALL of Federal Govt PARASTATALS & reduce Federal Direct Funded AGENCIES to 68% of the present.
b) Privatise ALL of STATE Govt PARASTATALS & reduce State Direct Funded AGENCIES to 19% of the present.
c) Reduce current DIRECT LABOUR JOB participation by 49%
d) Encourage more Working Hours until Nigeria economic stabilizes
e) Discourage UNIONISM in Public Workforce

With (1) + (2) + (3), Nigeria would pay a minimum wage of N101,500 comfortably.


4) Institute DEATH PENALTY to proven THEFT OF PUBLIC FUNDS no matter how little, and LIFE Jail Sentences for COLLABORATORS.

With (1) + (2) + (3) & (4), Nigeria would pay a minimum wage of N203,500 comfortably.

GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI.
GOD BLESS NIGERIA

Some fine propositions by you, but most of the proposals herein are utopian and impracticable. I will respond to just paragraph a of proposal number 3.
First, you can't privatise all gov't parastatals. Let's take the Corporate Affairs Commission for example, who steps in to fill the vacuum created by a privatisation of the CAC? A private firm? How then do we balance the conflict of interest that's bound to arise in the event that your proposed privatisation is carried out? Again, who carries out the duties of parastatals like NERC, NAFDAC and other sector based regulators? How do you tackle the risk of conflict of interest associated with leaving such agencies at the hands of private corporate entities? A cursory look at my submissions would show that your argument on privatisation caves in upon itself at the slightest critical assessment.
Oh... on a lighter note and for the sake of a little banter, shey na your Baba be President and your party dey majority for legislature, make you reach out to them see whether them go try implement your point on emoluments.

7 Likes 2 Shares

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Nobody: 7:57pm On Mar 19, 2019
Give with one hand, take with another.
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Meritocracy: 7:58pm On Mar 19, 2019
Instead of increasing VAT, introduce property tax to curb excessive/unnecessary property acquisition like having fifty unused cars in garage and having like fifty houses. Dino and Onoghen comes to mind

5 Likes

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Pavarottii(m): 7:59pm On Mar 19, 2019
demolinka:
And the governors that can't pay should reduce their emoluments! If they truly cared about their people the governors and state assemblies would tie their own salaries to the performance of the economy of the states...let's see if they won't be forced to find other sources of finance asides oil money
U r just shouting governors... Is it not money that the governors shares he will share?
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sacramento1212: 7:59pm On Mar 19, 2019
Tywo2018:
Please how much is the current VAT See?

5%

1 Like

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by MANNABBQGRILLS: 8:02pm On Mar 19, 2019
FlintGuevara:


Some fine propositions by you, but most of the proposals herein are utopian and impracticable. I will respond to just paragraph a of proposal number 3.
First, you can't privatise all gov't parastatals. Let's take the Corporate Affairs Commission for example, who steps in to fill the vacuum created by a privatisation of the CAC? A private firm? How then do we balance the conflict of interest that's bound to arise in the event that your proposed privatisation is carried out? Again, who carries out the duties of parastatals like NERC, NAFDAC and other sector based regulators? How do you tackle the risk of conflict of interest associated with leaving such agencies at the hands of private corporate entities? A cursory look at my submissions would show that your argument on privatisation caves in upon itself at the slightest critical assessment.
Oh... on a lighter note and for the sake of a little banter, shey na your Baba be President and your party dey majority for legislature, make you reach out to them see whether them go try implement your point on emoluments.
You have a good point here also bro.
When we say 'all' we meant most of the parastatals, not all as in 100%.
And the rest are very practicable, if we get the 'will' as a nation to do that.
Lol at banters Concerning our Baba cheesy, we will be going to see him at Aso Rock prior the swearing-in ceremony in a couple of months from now, on special request.
So we will definitely hint Daddy then,
May God keep us all alive till then.
Cheers!

2 Likes 2 Shares

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sacramento1212: 8:04pm On Mar 19, 2019
Tomide007:
Watch me switch from using my coporate account to personal account.... Nobody will kill me..... We go hide gross income die this yr.

Some companies won't transact with a personal account holder and in the case of collecting cheque in your company name, will you pay it into your personal account?

Except you aren't doing corporate business but just regular trading then, I can understand.
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by EmekaBlue(m): 8:05pm On Mar 19, 2019
waka....i no dey work for ministry and govt no give me job...so una wan use my hustle dey pay them

WAKA again

1 Like

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by ihedioramma: 8:06pm On Mar 19, 2019
RealityShot:
Wow!


Nigerians need to CRIPPLE this Senate O!


how can they suggest such?!!


the companies we are inviting will take to their heels along with those here already!


i have a better idea...


STOP all the Senator's constituency develoment fund allocation and use that money to fund the minimum wage directly.


Next, STOP payment of salary-equivalent for life to all ex-governors, senators, deputy governors, ex-state house members....and cut all others entitlements outside a much smaller (like 10%) pension for them.


Next, OPEN ONNE sea port for containers & general goods...and STOP paying N1billion dumourage to ships DAILY at Lagos sea port!!!!


NEXT, remove the N100 billion alloted to Boko haram and IDPs!!!


NEXT, remove the N40 billion alloted to militants!!


!!!
That's the money they gave you on election, they want it back
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by GoodGodmykeeper(m): 8:07pm On Mar 19, 2019
Okay o


CHECK MY SIGNATURE.
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Yankee101: 8:08pm On Mar 19, 2019
They never said that before elections

1 Like

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Tomide007: 8:11pm On Mar 19, 2019
sacramento1212:


Some companies won't transact with a personal account holder and in the case of collecting cheque in your company name, will you pay it into your personal account?

Except you aren't doing corporate business but just regular trading then, I can understand.
Of course not all trade.....there is a way we'll go Arnd this.... Coporate account only when necessary.....company to company will be kept coporate...i do business to business and business to individuals.....hope am not talking to a firs official
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by SimonRose(m): 8:14pm On Mar 19, 2019
post=76804463:
We have written this more than once here since last year.....
Hope it can get to the right sources.

HOW NIGERIA CAN PAY MINIMUM WAGE COMFORTABLY..........


1. Abolish SECURITY VOTE in NIGERIA. Nigeria will pay N45,000 minimum wage comfortably.

2. a) Abolish CONSTITUENCY PROJECT FUNDS
b) Reduce number of ADVISERS to SENATE PRES(2), HOUSE SPEAKER(2), GOVs(4), PRESIDENT(5), VP(2)
c) Reduce current ALL Political Office Holders PAY CHEQUES by 51.5%, without exception
d) Do away with special remuneration to POLITICAL ADVISERS & PUBLIC SERVANTS e.g; Purchase of Private Vehicles, Houses, granting Govt paid Vacations, paying for 1st & Business Class Transportations, etc, etc...
e) Abolish payment of OVERSEAS MEDICAL BILLS for Political Office Holders.
f) Eliminate PRIVATE PRACTICE in public workforce
g) Eliminate participation of Public Workforce in Partisan Politics.
h) Institute EMPLOYMENT BY MERIT, and eliminate UNDEREMPLOYMENT.
i) Review and eliminate allocation of Govt paid POLITICAL AIDES & SUPPORT STAFF to Political Office Holders.

With (1) + (2) Nigeria would pay a minimum wage of N65,000 comfortably

3. Move Nigeria MORE to Private Sector Driven Economy
a) Privatise ALL MOST of Federal Govt PARASTATALS & reduce Federal Direct Funded AGENCIES to 68% of the present.
b) Privatise ALL of STATE Govt PARASTATALS & reduce State Direct Funded AGENCIES to 19% of the present.
c) Reduce current DIRECT LABOUR JOB participation by 49%
d) Encourage more Working Hours until Nigeria economic stabilizes
e) Discourage UNIONISM in Public Workforce

With (1) + (2) + (3), Nigeria would pay a minimum wage of N101,500 comfortably.


4) Institute DEATH PENALTY to proven THEFT OF PUBLIC FUNDS no matter how little, and LIFE Jail Sentences for COLLABORATORS.

With (1) + (2) + (3) & (4), Nigeria would pay a minimum wage of N203,500 comfortably.

GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI.
GOD BLESS NIGERIA

Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by RealityShot: 8:14pm On Mar 19, 2019
ihedioramma:
That's the money they gave you on election, they want it back
they didn't give me chewing gum talk more of money...


It is time for Nigerians to say NO
to this mindless Senate of ours!


AND MAKE their TENURES limited!

1 Like

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