The Northern elites are not stupid. They know why they are opposing the bill. They do not care about developing their region but just interested in sharing the largesse of the Federation. Tell them how much more they will be getting under the proposed tax regime compared to the current one and you will see that they will support the bills.
Humility + Intelligent = Taiwo Oyedele. I urge those against the tax reform bills to please listen to this gentleman and harmonise any issues they seem to have. Make Nigeria Great (MNG)!
Taiwo is A Guru. He's patriotic. He has simply come to serve. God bless him. God bless Tinubu. May God continue to guide him, and other country leaders. May Nigeria Get enduring rectitude.
This makes real sense, even to the averagely wise person. Except if u aren’t wise at all like those who blindly blame the gov for everything that’s when this wouldn’t make sense to u! God bless Nigeria 🇳🇬
@@salvationlivingston4871 You seem to have misunderstood. Nowhere did he say the other governors were excluded. He mentioned that they INITIALLY engaged with Lagos because they anticipated potential objections, given that many companies are headquartered there and contribute a significant share of VAT and other taxes, which could impact their revenue share. He clarified that they also involved the Nigerian Governors Forum and finance commissioners from all states in the discussions.
I totally agree with Mr Oyedele; I doubt Nigeria will ever have another president who will push reforms at the risk of a second-term election loss. Tinubu is very misunderstood, but I hope he pushes all his reforms even if he isn't elected for a second term.
You see, the bill is hypocritical.especially the derivation.principle in.implementation.of VAT. The northern governors will.vehemently oppose it Why ? Federal character is now a casualty, the current govt .has Yorubanised governance just like PMB fulanised the act of governance. The thirst and will to obey the law has been eroded because the judiciary is under siege. You want to.use technology to collect taxes but unwilling to employ fool.proof technology in.electioneering. People are willing to pay taxes but where there is a dip in.confidence in.acts of governance people refuse to pay.
If he wasn't president, was he not bouyantly rich before? Can't he afford his present lifestyle even before he became president? Moreover, was the jet bought for his personal self that when he leaves government, he goes with it? Why are we so narrow minded in this country. But I agree the government at all levels should be more concerned on the condition of living of the citizenry... 🇳🇬 God Bless Nigeria 🇳🇬
@musaadedibu9316 If he was truly stupendiously wealthy before making it to Aso rock , the more reason.he needs to.sacrifice extravagance for the betterment of the ordinary citizens.
Mr Oyedele addressed all the questions that came up in my mind as I listened. He sure is on top of the job. In addition to what he said concerning the the state's revenue services playing a pivotal role in explaining the details of the bill, the commissioners in each state has even greater role to play. I encourage our political leaders to develop the political will to embrace every win-win change. This tax Bill is one of one of such. Many thanks to Mr Ayodele and his team.
The man is seasoned tax man and knows his onions. Fact that Ali Ndume is complaining shows how shallow the reasoning of some our plitical elites is. He has not even read to grasp the objective of the TAX reforms, he is saying 'dead on arrival'
@@muhyzalade5165and you think that mumu Ndume get sense? He has always be a false and biase critic of the government. When his daughter got jobs in CBN and NNPC during Buhari era, he never cried then. He is just one biased educated illiterates in the corridors of power.
That man is completely daft. I watched his interview with Sheun, and I feel like maybe we should just go back to our regional governance if a region of this country has just been so adamant on been backward thinking 💭 🇳🇬 God Bless Nigeria 🇳🇬
Many Nigerians DO NOT KNOW ONE OR TWO THINGS about the history of the nation. Most are illerates, tribal bigots and cares only about knocking down leaders that are here to make a real change. So, Southern Nigeria ONLY should pay and continue to pay TAX and allow it's VAT to be shared with the North and the Middle Belt?? What has the North ACTUALLY contributed to the nation in terms of GDP?? These are the problems that have bankrupted the country and part of the reasons for REGIONAL AGITATION for SEPARATION. President Tinubu is far from a perfect and innocent RULER but he has the potential to change things in Nigeria. He knows the system very well; the good, the bad and the ugly. A perceived uncorrupt, innocent, perfect LEADER cannot change Nigeria because the nation is in deep hardcore curruption and struggles with tribal bigotry. PROVERS 16:4, provided that: "The Lord has made all for Himself, Yes, even the wicked for the day of evil." God can use anyone to perfect His counsel/purpose. It takes one to know one.
One of the most impressive Nigerian officials I have ever listened to. I hope Mr Tinubu makes him a Minister of a ministry that requires a major reform.
This man is saying what I have always advocated for. Most people who speak against this are agents of underdevelopment. I now understand why some are against this reform; it's pure corruption that they are used to.
Mr. Taiwo Oyedele, thank you for a job well done. Your committee needs to educate those who are still glued to the old ways of doing things. Again, thanks, and God bless you
I believe that Mr Oyedele and Mr Tinubu knew this task was not going to be an easy one from the onset; now i understand why he had to resign his position at PwC to oursue this task headon
This is a good idea which should be implemented and let the governors that are standing against it should go back and do their job well by studying the bill.
Brilliant question from Satie. But, the logical thing is to first of all collect right. The second thing is market women and traders will no longer be harassed for Taxes that they cannot afford(that is presently the case) and only to enrich civil servants who pocket it in form of bribe to allow evasion and arrest. Similarly, we can have more sanity at the port/oil companies and reduce the corruption in there and help better flow of business and the economy. Save us all the importation tax inflation and palava. Furthermore, it will be easier for data around revenue and aid economic planning. Finally, to the part that will interest Satie, it allows you monitor and make more demands of your government unlike the status quo where the individuals collecting taxes make more money than government yet you blame the government. You may also call it blocking leakages.
I think that the problem with this country Nigeria is the large number of ignorant people and the lack of timely and adequate communication from our leaders. This bill would been easily accepted if this intelligent man for instance spoke about it openly before the controversy
The consultation with stakeholders was good and sufficient. It's only interest guarding playing in selfishness, away from objectivity of the goal of the bill for collective good. I followed one of the open engagement for those in my sector (Education). I asked questions, and answers were given to questions asked. Those must have formed input into the propositions. God Bless Nigeria.
A very intelligent man and informative discussion. The major problem about these Bills was trust issues created by the lopsided consultation by the committee. As Taiwo mentioned that they involved and consulted with Lagos state all along because they were concerns that they may face more resistant from Lagos than from any other states due to the nature of what they were proposing and how it could affect Lagos, but the lopsided consultation will naturally makes other states to feel unfairly heard or consulted in the process of creating these bills. Especially that every important appointment or committee in this government is "all about Yoruba and SW".
Honestly, and the fault lies with us, because we like to select mumu to represent us, the worst among us, the only thing we look at is people who can talk and confidence
What are the qualifications of those that lead us? People who submit FSLC and Secondary school certificates to INEC will read and understand? We're really joking.
These words 'sharing' , 'population' and 'equality of states' should never show come up in a just society. All fingers are never equal but only in Nigeria sadly 😢😢 😢
The reform should also remove archaic parameters like population from federal revenue sharing. States should be allowed to collect taxes in which population figures are significant.
This man had really done grassroot combing of tax regimre in Nigeria. Bulk of tax paid by low income earners in Nigeria do not get to government. You can't imagine how much market women pay and how much cab/bus drivers paid. when you go to market to buy things, you pay for placing your goods down, when you go and buy cow, you pay; all these should be repealed.
The Bills should please pass for the sake of progress for our nation... if derivation for VAT will be an issue then a political solution should be sought... the bills reduce tax burden, makes tax administration simpler and improves ease of doing business... this is for the progress of Nigeria...
Let those people at the National Assembly be lectured first so they won't be fighting over National development ignorantly. Harmonised taxes type will help Nigerians
Channels and other stations should do a proper job of informing the populace by for instance posting a link to the pdf version of this bill. Channels, do better
Brilliant job by Mr. Oyedele, but as you may also have seen in the pushback, States fear centralization which is anti-federalism principles. Regarding sharing formula, 10% in the hand of the federal govt and 60% shared by 36 states means each state getting less that 2% in the end. You can imagine that the federal government is still with the biggest bunch without commiserate services burden. The states have the larger services burden and should get more. The sharing currently, and even in the proposed reform, places far too much idle fund in the hands of a largely idle federal government.
The reason he gave for states' inability to collect VAT is their failure to collect the sales tax under the military before 1993. He did not say why the collection failed. If States do not have the capacity to collect VAT, do they have the capacity to collect any tax?
I support these proposed taxed reformed bill,.. Northerners keep destroying alcoholic beverages and still want to enjoy the VAT from alcoholic sells from other regions of the country.....
Hmmn! Okay o! Perhaps I should remind you all that when fuel subsidy was removed on May 29,2023, you all applauded the idea, but today, lamentation has become your lot. Also, when the floatation of the naira started last year ,2023, under the guise of unifying the official and parallel markets, you all praised it to high heavens. Today, you know better. Nigeria is a federation, and in that context, there's the need for wide consultation across the board to allow for inputs from stakeholders outside your team before presenting the bills to the NASS. This is a country, not a business enterprise. The interest of every segment of the country must be accommodated in the scheme.
If you want to hide something from a black man put it in a book. How can a lawmaker- Ali Ndume, not read the bill and say so proudly. What is he now doing in the senate ?
Good initiative. However, in my opinion the challenge is on who would owns and controls the tax collection/administration software, is it FGN or a Consultant? If a consultant, it may enhance political control, capitalism and totalitarianism
The problem with Tinubu is his prioritization. People must 1st earn before you bring about taxation. Has manufacturing increased, has unemployment decreased? Production should be priority.
Hello, you misunderstood the context of the tax reform. It is not increasing taxes. Rather part of it seems to reduce the number of taxes collected, thus reducing tax burden on the small businesses. This reform seeks to change how taxes are collected and the administration of taxes. Absolutely nothing to do with increasing taxes.
@ I didn’t listen to the whole thing. Companies have left Nigeria or having difficulties due to insecurity, exchange rate, increased fuel price and so on. I think that should be priority. Taxes is also money you give govt. people are more convinced to pay when they see good work, not excessive spending. Ultimately the South (East & West) can probably pay, I’m just pointing out a problem.
@@TruthSeeker19908 all of this can go hand in hand. Because all the difficulties we see are caused by govt. Nigerian govt fail to do the needful over the years which they are now doing when on the last leg. Govt now don't have alternative to finance so they want to do the right thing. Most companies will leave when you promote a system like we have had over the years. Most companies decision were made a year or so before leaving meaning the problem as being there. If there will be change you must be willing to loose your second term. Yes there are shortcomings but still they are making effort
We are tired of Economic English. People sweat in taxation goes to paying fat salaries and allowances to people who do nothing Much for us. A beg I know like this economic jagon.
It is easier to hold the federal accountable rather than the lawless Generals at state level. Even your state governors can harass the federal unlike state that will improvise its people yet no one can directly blame out of fear or favor except in Lagos perhaps
Can we just stop been myopic and read? How many of your state governors have you held accountable for the billions coming down? Let's be reasonable abeg! 🇳🇬 God Bless Nigeria 🇳🇬
@@musaadedibu9316 it’s partly our fault but partly the fault of the system that makes us think that everything must come Abuja. There is need to create awareness to hold state governments accountable. We need to mobilize in that regard. The American system that we copied is not like what we do in Nigeria. States in the USA have their constitution. They have their state judiciary system which does not depend on the Federal judiciary. The problem with Nigeria is that wittingly or unwittingly we don’t copy correctly.
Brilliant question from Satie. But, the logical thing is to first of all collect right. The second thing is market women and traders will no longer be harassed for Taxes that they cannot afford(that is presently the case) and only to enrich civil servants who pocket it in form of bribe to allow evasion and arrest. Similarly, we can have more sanity at the port/oil companies and reduce the corruption in there and help better flow of business and the economy. Save us all the importation tax inflation and palava. Furthermore, it will be easier for data around revenue and aid economic planning. Finally, to the part that will interest Satie, it allows you monitor and make more demands of your government unlike the status quo where the individuals collecting taxes make more money than government yet you blame the government. You may also call it blocking leakages.
The media should do more. Go to the critics like Atiku and Obi tell them to take the Tax policy through their laser lens and confirm the major flaws if they truly and honestly stand for a progressive Nigeria and so that they will not be accused of sending people to social media to screw the narrative
You just listened to the president of the committee, yet some how you still believe those whose qualifications are questionable online. Isn't that illogical?
@akinleyebabajide5331 I am not denying what he says rather there is need as he rightly put for them to put out there what is actually in the bill either as a summary or excerpt of the contentious areas.
Even as the HEAD, he could not articulate his policies on VAT (consumption tax) properly. The big question is, how can big corporate bodies like MTN, GLO , BANKS, DANGOTE, OIL COMPANIES,CEMENT , FLOUR MILLS, BEVERAGES etc differentiate the revenue from Katsina, Ebonyi, Imo, Taraba and Delta?. Lagos can't continue to collect taxes from locations that they have not jurisdiction and claim it as their own sweat. That is why year in year out, the IGR stats for Lagos is astronomically insane compared to other states because of the corporate HQ bodies that pay tax coupled with seaport activities that gave them competitive advantage. While LAGOS brags about 800 billion revenue, other states are struggling to make 10 billion. This is completely skewed, if we are to reset this tax issue we must default to 36 tax collection points, every state should get the share of their MTN subscribers, Bank remittance tax, Indomie sales revenue, beverages consumption revenue etc. Oyedele is scared of that model, because it removes Lagos as the central collection point. Another unconscious bias was involving LAGOS government in drafting the bill. People from Lagos can't think outside LAGOS, he only sees LAGOS as the only state worth asking for their input. No Rivers, Anambra, Kano, Kaduna, Kogi etc. Nobody is against taxation, let us be fair in our dealings. As someone from the North I would like all my airtime, data purchases, bank charges, cement purchases, flour etc go to my state. Let our governments decide on what todo with our taxes. We will get it right.
You are kind of right but this TAX reform is a step closer you what you are asking for..... Cement companies that sell across Nigeria should not only be paying to Lagos just because the HQ is in Lagos... So he wants all the companies to pay directly to Fedaral.... With the Companies data of their market activities within the country,, the tax collected will be shared.. Also,, your issue with Lagos being the only state being consulted,, it is understandable that you have any issue with it.. Truth be told what other state has this level of numbers crunching sophisticated taxing ?. LAGOS . This bill should encourage governors to improve the viability of their states...
@@edwardbanjo5146 Thank you for your feedback. But that’s the main issue with the bill. Asking this big corporate bodies to tell you who is buying and from which state is inadequate. So let me give you an example, Emeka from Imo can decide to buy from Lagos HQ and send it to Taraba for sale. Since he’s from Imo and his company registered in imo, that VAT will go to Imo and Taraba gets nothing. That can’t happen, what we want is absolute VAT collection at the point of consumption. Companies can’t pinpoint the exact last mile destination of their goods. Someone from Kano can buy textile and sell it to Delta, but the VAT goes to Kano. And for taxation, Lagos should not be used as a model for other states. Because they have a mega economy with seaports, corporate tax, international oil companies, big tech hubs etc. so their model is a bit complex unlike other ordinary states with monolithic economy like Ebonyi, Ekiti, Yobe , Yola etc. You can’t use Newyork taxation model on a small state like for example Arkansas. You must study the micro and macro economics of the state and build their own model.
Your submission on the Tax Reform "derivative" VAT model is apt. The Bill is an excellent piece of work which was carefully detailed with the geo-political considerations of Nigeria's divergent demographic consideration. The Northern Governors are the problem of the North & not the tax reform bill propositions. The North provides 70% of food crops consumed in the south, Infact the ultra-morden Rice mill in Imota, Lagos has not been functional as a result of unavailability of feedstock (Paddy rice). Let them come up with creative ways of generating revenues from such opportunities. As for derivation from point of consumption for Northerners, not to worry, Technology and State Offices of Revenue Service can cater for that also the Manufacturers have distributors coding where destination can be detected for source of consumption. It's a digital world. The North will be at a disadvantage on the long run as this is will continually make them unproductive.
Not through VAT favours Lagos and Ogun state where branch offices in other states cannot collect tax. This is criminal. He wants to make lagos so powerful and eat from it.
@@Satie-14 it's not his duty to say that. He just said the money would be shared among the states so it's the governor of each state that should tell you what they will with the money.
So FG don't have works again ? Which roads, hospitals, schools, power sector etc will the FG build with the taxes they collected ? Which government actually print that money he mentioned?G@@emmanuelayodele7901
He's right about the backward colonial masters and the governance we inherited from them. What would be good would be to safeguard the elderly and the vulnerable by having a welfare system for the most vulnerable in Nigeria. I want to see healthy children learning in well built and adequately sourced classrooms, not out on the road, walking and begging with an old blind man. Even just N30k a month can make a difference. Sample a demographic, identify loopholes and setbacks/fraudulent activity, outliers, etc. One of the problems is the Ministers who like to hoard cash, for/from ill-gotten gains.
I just hate Channels. How do you invite a man as intelligent as Taiwo and not let him complete his thoughts? This is the same nonsense that Seun does too.
This guy is smarter by half. At a period many people are saying the federal government power is too much, he want to have the federal government to collect sales tax on behalf of the states. This is is wrong. It is better to allow each state to collect their own sales tax. There is no reason to include sales tax with VAT. The best way to do this is to reduce the VAT rate to around 3% which the federal government can continue to collect and let each state have sales tax between 5% to 6%. Each state should be responsible for the collection of sales tax, PERIOD.
Wow! All I can say is I wish you all the best as the Bills progress in the NASS. Like you rightly stated, it won’t be easy but it’s not impossible No one likes change. But on a less serious note, these were the same set of people that promised change in 2015 and moving from change to next level in 2019 😂
When you have the worst of us ruling the best of us, such outcomes (lack of trust in leadership, etc) should be expected. Unfortunately, Tinubu laid the wrong precedence, albeit, striving to make lasting and impactful reforms. The citizens and leaders are now doubtful to a point that they comment on bills without reading it. We the people are now so rigid that we expect the worst from proposals coming from our leaders. Is it our fault? Tinubu should find a way to bring everyone together, even if he would deny himself the joy of a second term in office. We are polarized and without believe in the government, all policies, reforms, etc would be frustrated by the citizens and other leaders (for their own selfish interest to prey on the polarized and doubtful citizens). Nigeria my country, which way to go?
Emotions don’t make great nations. Bcos u want parity we should give d presidency to mediocre like Atiku and Obi. Tinubu has always being fair in his political career except u don’t know him.
No, i disagree with this guest. Why must you broaden the tax base when we've not shored up the taxes collected. He spoke about leakages. Would you go to a river to fetch water with a basket? No matter the source of your water, it what you use to collect it is defective, then, you can't bring much water home. Tinubu wants to give his Alfa beta company contract, huge contract. That's all! First make it difficult to steal tax money before collecting more taxes. So, this guest speaks so eloquently, just as most snake oil salespersons do! I can't be fooled!!
Tinubu wants control not reforms. He should reform the number of ministers and cut pensions to politicians if he wants to risk second term. He planted the senate president and house speaker to do his bidding and recently lobbied the judiciary with 300% salary increase. Who is going to stop his second term since votes don’t count in Nigeria?
@kayholn7522 I believe we can have civilized conversations without resulting to name calling. Let come to the ideas of stealing through third party. Do you have any evidence to proof such claims. Stop your beer parlour thinking. Now it isn't wrong if you have interest through third party has long as no rules are broken. Emphasis on rules. Better put let put pressure on the legislature to formulate strong laws on how u vote for ur representatives and also put pressure on the executives to do there job. Let learn how state r run rather than being short sighted
I support these proposed taxed reformed bill,.. Northerners keep destroying alcoholic beverages and still want to enjoy the VAT from alcoholic sells from other regions of the country.....
This is the kind of individual we need in our public service. Intellectual with meekness
The Northern elites are not stupid. They know why they are opposing the bill. They do not care about developing their region but just interested in sharing the largesse of the Federation. Tell them how much more they will be getting under the proposed tax regime compared to the current one and you will see that they will support the bills.
That is a good way to sell a product. Being honest.
Humility + Intelligent = Taiwo Oyedele. I urge those against the tax reform bills to please listen to this gentleman and harmonise any issues they seem to have. Make Nigeria Great (MNG)!
Taiwo is A Guru. He's patriotic. He has simply come to serve.
God bless him. God bless Tinubu. May God continue to guide him, and other country leaders.
May Nigeria Get enduring rectitude.
Very good initiative and reform. Well done ✅👍 Mr Taiwo Oyedele.
This makes real sense, even to the averagely wise person. Except if u aren’t wise at all like those who blindly blame the gov for everything that’s when this wouldn’t make sense to u! God bless Nigeria 🇳🇬
Must you insult to make your point 🤔
He did incredible justice to all the questions and a lot of insights from him . Wwll done and God bless you.
By saying that they had discussion with Lagos and leaving other states governor?
And ? @@salvationlivingston4871
@@salvationlivingston4871 You seem to have misunderstood. Nowhere did he say the other governors were excluded. He mentioned that they INITIALLY engaged with Lagos because they anticipated potential objections, given that many companies are headquartered there and contribute a significant share of VAT and other taxes, which could impact their revenue share. He clarified that they also involved the Nigerian Governors Forum and finance commissioners from all states in the discussions.
This is very enlightened.
Thanks for the presentation
I totally agree with Mr Oyedele; I doubt Nigeria will ever have another president who will push reforms at the risk of a second-term election loss. Tinubu is very misunderstood, but I hope he pushes all his reforms even if he isn't elected for a second term.
He is misunderstood because he is heartless and a thief. How can you ask people to fast but you are feasting in jets and yatchts 😢
You see, the bill is hypocritical.especially the derivation.principle in.implementation.of VAT.
The northern governors will.vehemently oppose it
Why ? Federal character is now a casualty, the current govt .has Yorubanised governance just like PMB fulanised the act of governance.
The thirst and will to obey the law has been eroded because the judiciary is under siege.
You want to.use technology to collect taxes but unwilling to employ fool.proof technology in.electioneering.
People are willing to pay taxes but where there is a dip in.confidence in.acts of governance people refuse to pay.
is the jet tinubu personal property the yacht you're referring to was bought by the last administration at instance of the navy
If he wasn't president, was he not bouyantly rich before? Can't he afford his present lifestyle even before he became president?
Moreover, was the jet bought for his personal self that when he leaves government, he goes with it?
Why are we so narrow minded in this country.
But I agree the government at all levels should be more concerned on the condition of living of the citizenry...
🇳🇬 God Bless Nigeria 🇳🇬
@musaadedibu9316 If he was truly stupendiously wealthy before making it to Aso rock , the more reason.he needs to.sacrifice extravagance for the betterment of the ordinary citizens.
Education is light, knowledge is power.
Mr Oyedele addressed all the questions that came up in my mind as I listened. He sure is on top of the job. In addition to what he said concerning the the state's revenue services playing a pivotal role in explaining the details of the bill, the commissioners in each state has even greater role to play.
I encourage our political leaders to develop the political will to embrace every win-win change. This tax Bill is one of one of such.
Many thanks to Mr Ayodele and his team.
Oyedele not Ayodele
I see the Wisdom this is one of the most efficient public servant in this government
The man is seasoned tax man and knows his onions.
Fact that Ali Ndume is complaining shows how shallow the reasoning of some our plitical elites is. He has not even read to grasp the objective of the TAX reforms, he is saying 'dead on arrival'
@@muhyzalade5165and you think that mumu Ndume get sense? He has always be a false and biase critic of the government. When his daughter got jobs in CBN and NNPC during Buhari era, he never cried then. He is just one biased educated illiterates in the corridors of power.
That man is simply daft!
Sharp guy. Intelligent. Love listening to him.
Senator Ndume is a menace to our society. Be rest assured the bills will pass
President BAT is here to change the narrative I believe strongly that we are on the road to the land of success
That man is completely daft. I watched his interview with Sheun, and I feel like maybe we should just go back to our regional governance if a region of this country has just been so adamant on been backward thinking 💭
🇳🇬 God Bless Nigeria 🇳🇬
Many Nigerians DO NOT KNOW ONE OR TWO THINGS about the history of the nation. Most are illerates, tribal bigots and cares only about knocking down leaders that are here to make a real change. So, Southern Nigeria ONLY should pay and continue to pay TAX and allow it's VAT to be shared with the North and the Middle Belt?? What has the North ACTUALLY contributed to the nation in terms of GDP?? These are the problems that have bankrupted the country and part of the reasons for REGIONAL AGITATION for SEPARATION. President Tinubu is far from a perfect and innocent RULER but he has the potential to change things in Nigeria. He knows the system very well; the good, the bad and the ugly. A perceived uncorrupt, innocent, perfect LEADER cannot change Nigeria because the nation is in deep hardcore curruption and struggles with tribal bigotry. PROVERS 16:4, provided that: "The Lord has made all for Himself, Yes, even the wicked for the day of evil." God can use anyone to perfect His counsel/purpose. It takes one to know one.
By God’s grace, Nigeria must move forward. The intention of the Renewed Hope administration is to ensure that and it shall come to pass 🤲
I feel intelligent listening to him
I too man
Great interview.... I will have to watch again to get full understanding
One of the most impressive Nigerian officials I have ever listened to. I hope Mr Tinubu makes him a Minister of a ministry that requires a major reform.
If he is made a minister, he will not have free hand. Ministry matters long. The President wants him to have free control of his work.
This Ayodele man is sound.
He's made quite a lot of sense with his presentation.
I don’t blame Northerners. What do you expect when they have someone like Ndume causing confusion upandan
When the thief in power was looking for their vote this wasn't the tune. Petty THIEVES everywhere
I keep saying that the North most of the time are backward thinking.... Ndune is completely daft!
This man is saying what I have always advocated for. Most people who speak against this are agents of underdevelopment. I now understand why some are against this reform; it's pure corruption that they are used to.
God bless you, Mr Oyedele..
I think this is good, if custom for instance stops collecting taxes it will reduce corruptions. Let them focus on trade facilitation.
😊, how ?they will do the SDG and examination
I couldn't agree more
Mr. Taiwo Oyedele, thank you for a job well done. Your committee needs to educate those who are still glued to the old ways of doing things.
Again, thanks, and God bless you
I believe that Mr Oyedele and Mr Tinubu knew this task was not going to be an easy one from the onset; now i understand why he had to resign his position at PwC to oursue this task headon
Please engage more with the northern government.God bless your team
Great conversation.
Wow! this guy is too heavy in the head; both in law, history and economics
This is a good idea which should be implemented and let the governors that are standing against it should go back and do their job well by studying the bill.
Brilliant question from Satie. But, the logical thing is to first of all collect right. The second thing is market women and traders will no longer be harassed for Taxes that they cannot afford(that is presently the case) and only to enrich civil servants who pocket it in form of bribe to allow evasion and arrest. Similarly, we can have more sanity at the port/oil companies and reduce the corruption in there and help better flow of business and the economy. Save us all the importation tax inflation and palava. Furthermore, it will be easier for data around revenue and aid economic planning. Finally, to the part that will interest Satie, it allows you monitor and make more demands of your government unlike the status quo where the individuals collecting taxes make more money than government yet you blame the government. You may also call it blocking leakages.
I think that the problem with this country Nigeria is the large number of ignorant people and the lack of timely and adequate communication from our leaders. This bill would been easily accepted if this intelligent man for instance spoke about it openly before the controversy
The consultation with stakeholders was good and sufficient. It's only interest guarding playing in selfishness, away from objectivity of the goal of the bill for collective good.
I followed one of the open engagement for those in my sector (Education). I asked questions, and answers were given to questions asked. Those must have formed input into the propositions.
God Bless Nigeria.
A very intelligent man and informative discussion. The major problem about these Bills was trust issues created by the lopsided consultation by the committee. As Taiwo mentioned that they involved and consulted with Lagos state all along because they were concerns that they may face more resistant from Lagos than from any other states due to the nature of what they were proposing and how it could affect Lagos, but the lopsided consultation will naturally makes other states to feel unfairly heard or consulted in the process of creating these bills. Especially that every important appointment or committee in this government is "all about Yoruba and SW".
I think this bills should be published on the internet for the good of Nigerians
How many Nigerians read... We like to follow trending issues only. VDM n co
Thank you Channels for bringing this fine gentleman to your program. I understand way better now.
Good presentation, explicit enough
The problem with our political leaders is that they do not read to understand they are all just fighting for their own interests.
Honestly, and the fault lies with us, because we like to select mumu to represent us, the worst among us, the only thing we look at is people who can talk and confidence
So very true @@videosworthsharing6086
What are the qualifications of those that lead us? People who submit FSLC and Secondary school certificates to INEC will read and understand? We're really joking.
Great interview.. nice presentation Taiwo and brilliant questions from Maope
If these people keep assuming things are against them they should get out we're not going to be bending to their whims and caprices
These words 'sharing' , 'population' and 'equality of states' should never show come up in a just society. All fingers are never equal but only in Nigeria sadly 😢😢 😢
Great job, Mr. Oyedele
Wow brilliant conversation
The reform should also remove archaic parameters like population from federal revenue sharing. States should be allowed to collect taxes in which population figures are significant.
This man had really done grassroot combing of tax regimre in Nigeria. Bulk of tax paid by low income earners in Nigeria do not get to government. You can't imagine how much market women pay and how much cab/bus drivers paid. when you go to market to buy things, you pay for placing your goods down, when you go and buy cow, you pay; all these should be repealed.
The Bills should please pass for the sake of progress for our nation... if derivation for VAT will be an issue then a political solution should be sought... the bills reduce tax burden, makes tax administration simpler and improves ease of doing business... this is for the progress of Nigeria...
Let those people at the National Assembly be lectured first so they won't be fighting over National development ignorantly. Harmonised taxes type will help Nigerians
Channels and other stations should do a proper job of informing the populace by for instance posting a link to the pdf version of this bill.
Channels, do better
Brilliant job by Mr. Oyedele, but as you may also have seen in the pushback, States fear centralization which is anti-federalism principles.
Regarding sharing formula, 10% in the hand of the federal govt and 60% shared by 36 states means each state getting less that 2% in the end. You can imagine that the federal government is still with the biggest bunch without commiserate services burden. The states have the larger services burden and should get more. The sharing currently, and even in the proposed reform, places far too much idle fund in the hands of a largely idle federal government.
Very good programme
This man is brilliant and he knows his onions
The reason he gave for states' inability to collect VAT is their failure to collect the sales tax under the military before 1993. He did not say why the collection failed. If States do not have the capacity to collect VAT, do they have the capacity to collect any tax?
Nice 👍 one ❤❤❤❤🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬
I thought that Nigeria is practising federalism? How and why is it obnoxious that states should collect their own taxes?
The same ignorance that allow us to elect bad leaders is the same thing that making us opposing this intelligently compiled bills.
I support these proposed taxed reformed bill,.. Northerners keep destroying alcoholic beverages and still want to enjoy the VAT from alcoholic sells from other regions of the country.....
This is why northern rejected the bill
Hmmn! Okay o! Perhaps I should remind you all that when fuel subsidy was removed on May 29,2023, you all applauded the idea, but today, lamentation has become your lot.
Also, when the floatation of the naira started last year ,2023, under the guise of unifying the official and parallel markets, you all praised it to high heavens. Today, you know better. Nigeria is a federation, and in that context, there's the need for wide consultation across the board to allow for inputs from stakeholders outside your team before presenting the bills to the NASS. This is a country, not a business enterprise. The interest of every segment of the country must be accommodated in the scheme.
If you want to hide something from a black man put it in a book. How can a lawmaker- Ali Ndume, not read the bill and say so proudly. What is he now doing in the senate ?
Good initiative. However, in my opinion the challenge is on who would owns and controls the tax collection/administration software, is it FGN or a Consultant?
If a consultant, it may enhance political control, capitalism and totalitarianism
You have just hit the nail on the head, bro.
The problem with Tinubu is his prioritization. People must 1st earn before you bring about taxation. Has manufacturing increased, has unemployment decreased? Production should be priority.
How do you produce when you are burden with taxes. Just asking if you listened at all to the discussion
Hello, you misunderstood the context of the tax reform. It is not increasing taxes. Rather part of it seems to reduce the number of taxes collected, thus reducing tax burden on the small businesses. This reform seeks to change how taxes are collected and the administration of taxes. Absolutely nothing to do with increasing taxes.
@ I didn’t listen to the whole thing. Companies have left Nigeria or having difficulties due to insecurity, exchange rate, increased fuel price and so on. I think that should be priority. Taxes is also money you give govt. people are more convinced to pay when they see good work, not excessive spending. Ultimately the South (East & West) can probably pay, I’m just pointing out a problem.
Can we also have a national production plan headed by the SGF?
@@TruthSeeker19908 all of this can go hand in hand. Because all the difficulties we see are caused by govt. Nigerian govt fail to do the needful over the years which they are now doing when on the last leg. Govt now don't have alternative to finance so they want to do the right thing. Most companies will leave when you promote a system like we have had over the years. Most companies decision were made a year or so before leaving meaning the problem as being there. If there will be change you must be willing to loose your second term. Yes there are shortcomings but still they are making effort
IF VAT is not on the Exclusive Legislative List of the 1999 constitution why should the Federal Government get anything from VAT?
The 10% is the cost of collection and infrastructure provided, he said in the interview.
This reform is a good development. It will reduce the Federal allocation of Lagos State which currently siphons taxes from other states in Nigeria.
Onome, are you sure of that? Think very well.
VAT has nothing to do with IGR.
@@JohnAkpedeI am certain. Your comment didn’t offer any counter argument whatsoever.
@@mountainroguestrange2868 you are correct. My bad!
Fully loaded
So some people don’t want to be productive??,
Did I hear Mr. Oyedele say the reforms are, in a way, to the disadvantage of Lagos State? That's strange! I think the opposite is the case.
I feel States should collect their taxes and pay a certain percentage to Federal. Federal will swallow these taxes and leave us Ho ha!
No country allows subnational to collect taxes and that's is what Mr Taiwo is saying
We are tired of Economic English. People sweat in taxation goes to paying fat salaries and allowances to people who do nothing Much for us. A beg I know like this economic jagon.
Does the National Assembly have the power under the 1999 constitution to legislate on personal income tax and value added tax?
My question is, what is Alpha-beta share of the tax in this new reform?
What do the taxpayers get ? No hospital, no good road , no water . nothing
Are you sure your head is working
Are kano, Kaduna, and Plateau states disadvantaged?
State should allow to control there resucess
If we are running a Federal system, give more power to the states. Federal government should stop grabbing power
It is easier to hold the federal accountable rather than the lawless Generals at state level. Even your state governors can harass the federal unlike state that will improvise its people yet no one can directly blame out of fear or favor except in Lagos perhaps
Can we just stop been myopic and read?
How many of your state governors have you held accountable for the billions coming down? Let's be reasonable abeg!
🇳🇬 God Bless Nigeria 🇳🇬
@@musaadedibu9316 it’s partly our fault but partly the fault of the system that makes us think that everything must come Abuja. There is need to create awareness to hold state governments accountable. We need to mobilize in that regard. The American system that we copied is not like what we do in Nigeria. States in the USA have their constitution. They have their state judiciary system which does not depend on the Federal judiciary. The problem with Nigeria is that wittingly or unwittingly we don’t copy correctly.
Don’t you pay attention to what he has been saying
You sound convincing but it seems you did not consult with critical Stakeholders holders enough. I stand to be guided.
How will this money be put in use for the benefit of the masses. Can we have a conversation about the masses??
Brilliant question from Satie. But, the logical thing is to first of all collect right. The second thing is market women and traders will no longer be harassed for Taxes that they cannot afford(that is presently the case) and only to enrich civil servants who pocket it in form of bribe to allow evasion and arrest. Similarly, we can have more sanity at the port/oil companies and reduce the corruption in there and help better flow of business and the economy. Save us all the importation tax inflation and palava. Furthermore, it will be easier for data around revenue and aid economic planning. Finally, to the part that will interest Satie, it allows you monitor and make more demands of your government unlike the status quo where the individuals collecting taxes make more money than government yet you blame the government. You may also call it blocking leakages.
The media should do more. Go to the critics like Atiku and Obi tell them to take the Tax policy through their laser lens and confirm the major flaws if they truly and honestly stand for a progressive Nigeria and so that they will not be accused of sending people to social media to screw the narrative
So why didn't Yoruba present this man as president and the other one as his gateman?
What he explains here as the reform regarding VAT is different from what is written as the bill.
Can you show us in the bill where what we have there right now is different from what he explained?
@sodiqakanmu3390 I haven't seen the bill itself but what is being paraded online as contents of the bill says otherwise
You just listened to the president of the committee, yet some how you still believe those whose qualifications are questionable online. Isn't that illogical?
@akinleyebabajide5331 I am not denying what he says rather there is need as he rightly put for them to put out there what is actually in the bill either as a summary or excerpt of the contentious areas.
Even as the HEAD, he could not articulate his policies on VAT (consumption tax) properly. The big question is, how can big corporate bodies like MTN, GLO , BANKS, DANGOTE, OIL COMPANIES,CEMENT , FLOUR MILLS, BEVERAGES etc differentiate the revenue from Katsina, Ebonyi, Imo, Taraba and Delta?. Lagos can't continue to collect taxes from locations that they have not jurisdiction and claim it as their own sweat. That is why year in year out, the IGR stats for Lagos is astronomically insane compared to other states because of the corporate HQ bodies that pay tax coupled with seaport activities that gave them competitive advantage. While LAGOS brags about 800 billion revenue, other states are struggling to make 10 billion. This is completely skewed, if we are to reset this tax issue we must default to 36 tax collection points, every state should get the share of their MTN subscribers, Bank remittance tax, Indomie sales revenue, beverages consumption revenue etc. Oyedele is scared of that model, because it removes Lagos as the central collection point.
Another unconscious bias was involving LAGOS government in drafting the bill. People from Lagos can't think outside LAGOS, he only sees LAGOS as the only state worth asking for their input. No Rivers, Anambra, Kano, Kaduna, Kogi etc.
Nobody is against taxation, let us be fair in our dealings. As someone from the North I would like all my airtime, data purchases, bank charges, cement purchases, flour etc go to my state. Let our governments decide on what todo with our taxes. We will get it right.
Fair analysis, The children of hatred will not comment on this .
Thank you. Sense in your thoughts. I think Fed will do 419 for State. Let every State collect it's tax and give Federal it's potion. Shikena.
You are kind of right but this TAX reform is a step closer you what you are asking for..... Cement companies that sell across Nigeria should not only be paying to Lagos just because the HQ is in Lagos... So he wants all the companies to pay directly to Fedaral.... With the Companies data of their market activities within the country,, the tax collected will be shared.. Also,, your issue with Lagos being the only state being consulted,, it is understandable that you have any issue with it.. Truth be told what other state has this level of numbers crunching sophisticated taxing ?. LAGOS . This bill should encourage governors to improve the viability of their states...
@@edwardbanjo5146 Thank you for your feedback. But that’s the main issue with the bill. Asking this big corporate bodies to tell you who is buying and from which state is inadequate. So let me give you an example, Emeka from Imo can decide to buy from Lagos HQ and send it to Taraba for sale. Since he’s from Imo and his company registered in imo, that VAT will go to Imo and Taraba gets nothing. That can’t happen, what we want is absolute VAT collection at the point of consumption.
Companies can’t pinpoint the exact last mile destination of their goods. Someone from Kano can buy textile and sell it to Delta, but the VAT goes to Kano. And for taxation, Lagos should not be used as a model for other states. Because they have a mega economy with seaports, corporate tax, international oil companies, big tech hubs etc. so their model is a bit complex unlike other ordinary states with monolithic economy like Ebonyi, Ekiti, Yobe , Yola etc.
You can’t use Newyork taxation model on a small state like for example Arkansas. You must study the micro and macro economics of the state and build their own model.
Your submission on the Tax Reform "derivative" VAT model is apt.
The Bill is an excellent piece of work which was carefully detailed with the geo-political considerations of Nigeria's divergent demographic consideration.
The Northern Governors are the problem of the North & not the tax reform bill propositions.
The North provides 70% of food crops consumed in the south, Infact the ultra-morden Rice mill in Imota, Lagos has not been functional as a result of unavailability of feedstock (Paddy rice). Let them come up with creative ways of generating revenues from such opportunities.
As for derivation from point of consumption for Northerners, not to worry, Technology and State Offices of Revenue Service can cater for that also the Manufacturers have distributors coding where destination can be detected for source of consumption. It's a digital world.
The North will be at a disadvantage on the long run as this is will continually make them unproductive.
This bills is not favor the northerners that is why they don’t want it
Not through VAT favours Lagos and Ogun state where branch offices in other states cannot collect tax. This is criminal. He wants to make lagos so powerful and eat from it.
@@SaBata802are you sure because it seems you are not listening. The northerners who didn't read the bill but are against it
The more you look, the less you see.
very sound guy
Good but tell us some of the things you're proposing these monies will be used for the people
@@Satie-14 it's not his duty to say that. He just said the money would be shared among the states so it's the governor of each state that should tell you what they will with the money.
So FG don't have works again ? Which roads, hospitals, schools, power sector etc will the FG build with the taxes they collected ? Which government actually print that money he mentioned?G@@emmanuelayodele7901
He's right about the backward colonial masters and the governance we inherited from them.
What would be good would be to safeguard the elderly and the vulnerable by having a welfare system for the most vulnerable in Nigeria. I want to see healthy children learning in well built and adequately sourced classrooms, not out on the road, walking and begging with an old blind man.
Even just N30k a month can make a difference. Sample a demographic, identify loopholes and setbacks/fraudulent activity, outliers, etc. One of the problems is the Ministers who like to hoard cash, for/from ill-gotten gains.
Alpha Beta is warming up to get its share of the pie.
I don’t believe you mr tax collector. Leave vat to states
Why is this man not the FIRS chair?
Isn't it a waste of money to change the name from FIRS? They will have to print new stationery for one. Can't that be avoided?
I just hate Channels. How do you invite a man as intelligent as Taiwo and not let him complete his thoughts? This is the same nonsense that Seun does too.
UK is a unitary system of government and not a federal system of government
Nice interview.
Hope what he is saying is the true content?
Tomorrow you start hearing clause's you never heard of.
This guy is smarter by half. At a period many people are saying the federal government power is too much, he want to have the federal government to collect sales tax on behalf of the states. This is is wrong. It is better to allow each state to collect their own sales tax. There is no reason to include sales tax with VAT. The best way to do this is to reduce the VAT rate to around 3% which the federal government can continue to collect and let each state have sales tax between 5% to 6%. Each state should be responsible for the collection of sales tax, PERIOD.
Your emptiness is alarming
Thank you Mr. Oyedele
in a federal system of government how can 1 agency collect all the taxes? Who would appoint the Head of such an agency?
Wow! All I can say is I wish you all the best as the Bills progress in the NASS. Like you rightly stated, it won’t be easy but it’s not impossible
No one likes change. But on a less serious note, these were the same set of people that promised change in 2015 and moving from change to next level in 2019 😂
When you have the worst of us ruling the best of us, such outcomes (lack of trust in leadership, etc) should be expected.
Unfortunately, Tinubu laid the wrong precedence, albeit, striving to make lasting and impactful reforms.
The citizens and leaders are now doubtful to a point that they comment on bills without reading it.
We the people are now so rigid that we expect the worst from proposals coming from our leaders. Is it our fault?
Tinubu should find a way to bring everyone together, even if he would deny himself the joy of a second term in office. We are polarized and without believe in the government, all policies, reforms, etc would be frustrated by the citizens and other leaders (for their own selfish interest to prey on the polarized and doubtful citizens).
Nigeria my country, which way to go?
Emotions don’t make great nations. Bcos u want parity we should give d presidency to mediocre like Atiku and Obi. Tinubu has always being fair in his political career except u don’t know him.
No, i disagree with this guest. Why must you broaden the tax base when we've not shored up the taxes collected.
He spoke about leakages. Would you go to a river to fetch water with a basket? No matter the source of your water, it what you use to collect it is defective, then, you can't bring much water home.
Tinubu wants to give his Alfa beta company contract, huge contract. That's all!
First make it difficult to steal tax money before collecting more taxes.
So, this guest speaks so eloquently, just as most snake oil salespersons do!
I can't be fooled!!
Excellent comment
U bloody liers. Who are d people sending those views.? Are they not part of Mr Oyedele talking.?
Tinubu wants control not reforms. He should reform the number of ministers and cut pensions to politicians if he wants to risk second term. He planted the senate president and house speaker to do his bidding and recently lobbied the judiciary with 300% salary increase. Who is going to stop his second term since votes don’t count in Nigeria?
You letting your emotions becloud your analysis. This reform is good for the nation. Lagos State is the loser in this reform.
Are you bitter about lost election cos u r not listening, if you want more power he won't be reforming. Don't let bitterness rule us
@@ogundejisikiru stealing through Alpha Beta proxy is now reforming abi? Thunda fayaa you there Oponu oshi
@kayholn7522 I believe we can have civilized conversations without resulting to name calling. Let come to the ideas of stealing through third party. Do you have any evidence to proof such claims. Stop your beer parlour thinking. Now it isn't wrong if you have interest through third party has long as no rules are broken. Emphasis on rules. Better put let put pressure on the legislature to formulate strong laws on how u vote for ur representatives and also put pressure on the executives to do there job. Let learn how state r run rather than being short sighted
@@onomeonota23You're mistaken, my dear.
I support these proposed taxed reformed bill,.. Northerners keep destroying alcoholic beverages and still want to enjoy the VAT from alcoholic sells from other regions of the country.....