ada9ja:


Y dont u use naira value to measure USA achievement....mumu dey worry you....

Okay let's use Gold ? You people wasted all your time in school that's why despite all the prayers and juju you can't go beyond second hand Toyota and one ugly house and that's after cheating someone ooo...abeg park well

Aufbauh:



Most times i feel lay back to respond to inept mischievous analysis like this your write up.
However I am burdened to do so cus of those gullible kids you might be misleading out of your own obvious bitterness. And also to broaden your scope of critical analysis.

Common sense should have informed you that the importation which is the major source of customs revenue has dropped by 40% since 2014 due to the items on the exclusive list. Nevertheless, the NCS have managed to generate this much, means a lot of effort in the revenue drive and blockage of loopholes which is the old order.

Is it less in value or not ? All this talk is dust , Value is Value .

urahara:


They are earning less because Nigerians are importing less due to the 2014 recession.

buhari is not the cause.

Even the the stock market ? Wake up the man is a failure

hmohammed:


What kind of analysis is this. Customs revenue is mainly naira. So we should compare apples. Or am I missing something here?

This is why people like me employ people like you when you come near me ..I do big pictures you do little picture .Kapish?

GamalNasser:


You are not smart.not smart

That's it? lol.

You had so much to say before, now all of a sudden, you are mute like kabukabu stereo speaker.

Are you also going to explain to us that by the end of 2014, GEJ devalued the naira and our foreign reserves was nearly depleted?

When you put out your flawed and deceptive arguments, try at least to put all the facts on the table.

Your analysis is misleading.

1) Revenues payable to the Nigerian Customs Service are made in Naira and NOT dollars.

2) Fluctuations in the Foreign exchange rates is outside the mandate of the NCS.

For example, if you make #15 million profit in 2014 and #20 million profit in 2018. It's an improvement in your business. However the conversation to dollars may prove otherwise but it's not within your powers to decide that.

GamalNasser:


You see why I maintain you are not smart ? Did I say dey generated above 1 trillion in 2014 ? In 2014 the generated 978 billion naira which was equivalent to 5.9 billion dollars then and your failed Buhari is generating 1.3 trillion naira which his equivalent to 3.6 billion dollars today ..I hope you can rally your brain to see my point this time bro

oyatz:
Your analysis is misleading.

1) Revenues payable to the Nigerian Customs Service are made in Naira and NOT dollars.

2) Fluctuations in the Foreign exchange rates is outside the mandate of the NCS.

For example, if you make #15 million profit in 2014 and #20 million profit in 2018. It's an improvement in your business. However the conversation to dollars may prove otherwise but it's not within your powers to decide that.

Well said. This is basic common sense, we are not babies.

helinues:


Why should you be using dollars rate for internal revenue? Are we spending dollars in Nigeria?

Is N1.3tr same as your N978bn?

Pls guys like you are not suppose argue with them once you make a reasonable fact known, they will not listen because of their hatred

Davash222:
Good.
So, why is Buhari borrowing

All the internally generated revenues are shared by all the three tiers of gov't - the fg, state govts and local govts.

GamalNasser:
Convert this figure to dollars you will see the Nigerian customs of has been in reality earning less since 2014 .. in 2014 Nigerians customs revenue was 978. Billion naira and when converted into 2014 dollar it comes to 5.9 billion dollars and the compare with a conversion of 2019 revenue of 1.3 trillion naira which comes to 3.6 billion dollars meaning there is a drop in value of 2.3 billion dollars which means the customs is actually earning far less ... Buhari is a total failure

hahahaaa in 2014 custom earn only 200 billion .pls stop fooooling your mama

GamalNasser:


In 2014 customs revenue was 5.9 billion dollars and today it 3.6 billion dollars and you are saying col Ali is needed for progress ...Did you guys go to any school at all?

You are the olodo here. The revenue wasn't collected in dollars and we don't spend dollars but naira.

Stop trying hard to appear smart.

GamalNasser:


Is it less in value or not ? All this talk is dust , Value is Value .

Are the currency values the same then and now?

Your reasoning is below elementary.

Cosmatikka:
But we are still borrowing

mention one country that doesnt borrow

Even in 2014 and before TSA, they did not remit anything, they stole everything across-the-board in all revenue generating agencies.

Today, even JAMB is breaking records with huge revenues.

ReeLoaDead:
so why is America’s economy and per capita GDP better then Nigeria’s?

why is nigeria not born the same day with america.
how was america in 265yrs back.

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OROSUNBOLB:
How has that impacted the common man on the street ? They are generating billions ,yet the impact is not felt by ordinary Nigerians. The likes of Hanna and her siblings will celebrate this in Aso rock as it means more public funds to lavish anyhow!

tell your fada to contest for president in 2023 so that you can enjoy what HANNAN is enjoying.
children of hate pls park well.

helinues:


That's the reason we closed our borders so that we can be self sufficient by producing our local needs while making Naira strong more than before via exporting..

And by the way, hope you are aware Chinese Yen is more useless compared to Nigeria Naira.

Lol a currency being weak doesn't mean it's useless, countries like Japan and China like to keep their currencies weak, you know this right.

Seenyo:

for the records, i campaigned/voted buhari in 2015 but dude proved to be a gross/compound fiasco & i don't support failure/stupidity!
F*ck your apc/pdp cos you all are SAME self-serving THIEVES!

& finally, damn your mentally mal-functional mother for birthing a brain-dead simpleton like you!

Useless baaaaaaaaaaaaaastard of a thousand fathers! Bring it on...foooooooooooooool!
I've got ur time.....

lieng pig. you are born to hate so keep hating while we are laughing at you

helinues:


That's the reason we closed our borders so that we can be self sufficient by producing our local needs while making Naira strong more than before via exporting..

And by the way, hope you are aware Chinese Yen is more useless compared to Nigeria Naira.

The yuan is more useless than naira? Do you know that after the dollar the Yuan is the next global reserve currency? I am appalled at the level of ignorance exhibited on this forum.

GamalNasser:


Even the the stock market ? Wake up the man is a failure

But our stock market is the best performing so far this year.

Commentor:


Same reason America borrows.

1 trillion from customs, 5 trillion from taxes, not to mention oil, manufacturing, agriculture, etc.
We need to ask ourselves some serious questions.

chewwie:

1 trillion from customs, 5 trillion from taxes, not to mention oil, manufacturing, agriculture, etc.
We need to ask ourselves some serious questions.

Seriously questions on what?

The first serious question you should ask is "what is our population"?

Next would be "what is the staff strength of the civil service"?

Third would be "what is our GDP Per Capita"?

These figures might sound big to the ear but with such an overblown population, it is minuscule.

The citizens are largely unproductive and there's no whitewashing that can mask that.

The value of the naira to the US dollars has dropped heavily since then.

GamalNasser:
Convert this figure to dollars you will see the Nigerian customs of has been in reality earning less since 2014 .. in 2014 Nigerians customs revenue was 978. Billion naira and when converted into 2014 dollar it comes to 5.9 billion dollars and the compare with a conversion of 2019 revenue of 1.3 trillion naira which comes to 3.6 billion dollars meaning there is a drop in value of 2.3 billion dollars which means the customs is actually earning far less ... Buhari is a total failure

Johans1991:
why is nigeria not born the same day with america.
how was america in 265yrs back.

256 years ago, there was no oil, coal or any form of technological advancement, but Americans built America. In 1960, we had oil, agricultural equipment, but we have failed to develop our country.
Will Nigeria be as developed as the USA after 256 years? At this backward rate of ours? Aren't there countries that gained independence after us and are doing better?
Even look at Germany, World War I burnt the country to the ground, they rebuilt it. World War II and Hitler came and again, burnt Germany to the ground, in the 50s here oh, and they're one of the world's greatest countries.
World War II brought Japan to her knees, see how they've rebuilt themselves.
Stop defending nonsense.

shiggy:




Lol a currency being weak doesn't mean it's useless, countries like Japan and China like to keep their currencies weak, you know this right.

I'm telling you, the level of ignorance on here is alarming.

Johans1991:
lieng pig. you are born to hate so keep hating while we are laughing at you

discombobulated bufoon!
Screw your deranged father!

I spit on your useless mother's grave! And for you? Rest in perfect pieces in advance. Asshooooole!

Commentor:


Seriously questions on what?

The first serious question you should ask is "what is our population"?

Next would be "what is the staff strength of the civil service"?

Third would be "what is our GDP Per Capita"?

These figures might sound big to the ear but with such an overblown population, it is minuscule.

The citizens are largely unproductive and there's no whitewashing that can mask that.

7 trillion Naira budget, 5 trillion in taxes, 1 trillion from customs, more than 1.5 million barrels of oil per day.
1. We have an estimated population of 201 million people. With 28% unemployment rate, the USA is at 3.4%, but Trump is clueless according to CNN.
2. How much is our minimum wage? How many people are employed in Nigeria?
3. Our GDP per capita is egregiously low, even Angola has a higher GDP per capita.
Again, if 3-4 sectors can finance our annual budgets, why do we need to borrow unpayable sums to finance our budgets? Why can't we get our refineries and steel companies working? Why can't we have world class healthcare and education? Why do hundreds of thousands of children and pregnant women still die from malaria? Why do most regions in Nigeria lack electricity and clean water? Where do all these funds go?
Hell, our government need to start giving a precise audit on how annual revenues are spent.

ManirBK:


https://www.dailytrust.com.ng/customs-generates-n1-3tr-in-2019-exceeds-target-by-n404bn.html?

IF CUSTOMS GENERATE SO MUCH, WHY BORROWING? PLUS RECOVERED LOOTS? APC ! WHY KEEP BORROWING? WHY NOT SELL THE COUNTRY AT ONCE?

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Johans1991:
lieng pig. you are born to hate so keep hating while we are laughing at you

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[s]

Johans1991:
tell your fada to contest for president in 2023 so that you can enjoy what HANNAN is enjoying.
children of hate pls park well.

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