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.
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.
@@lanrem6609 ...you sabi. As Oyedele said, absolutely *everything* you need to know about the Bill has been put into writing - it is now up to our esteemed legislators (and some of the Executive with their technocrats) to drill down and put forward any concerns they may have. The actual 'black letter' business of government is not for lightweights. "Visuals such as pie charts" kè? Abeg, legislation reform no be kindergarten or "gee-whizz" matter.
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.
I am from Anambra. Only an unintelligent person will disagree with this fellow. Please Nigerians this is a golden opportunity. Let's support this great mind.
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 🇳🇬
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.
It is good to hear both sides of any controversy before you take a side. I was against the reform based on where "my folks" appear to be standing on this issue..Now that I have heard the other side, I am now on board, the tax reform. The bill is not about North vs South. It about special interest vs. true progressives.
Very smart and brilliant presentation and proposal. Any patriotic Nigerian with sense of fairness and honesty should embrace this Bill . Just take a time to digest this bill and you will see the beauty of this reform on Nigerians and Nigerian economy. A great job realy .
@@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.
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
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.
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.
Omoh this man's intelligence and wisdom could be likened to that of solomon. Lord! i have watched almost all his interview. it is difficult to believed that someone can simplified such humongous bills into just one extremely each-to-grasp subjects in the way he did it.
Well said and many doubts in me were cleared clearly . Thank you sir, and thank you too channels Tv as you reflect and exercise what was expected of you . God bless Nigeria
...succinct, intelligent, localised, laser-like responses with relevant examples (including the odd subtle put-down for emotive detractors of the Bill). Abeg, Oyedele sabi the work well well. Salute.
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.
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.
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
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.
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
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".
Yes o come and see how the American govt build road network in all American cities. I am baffled. Is it electricity,since my arrival in the US the light has been stable.Everything is working accordingly and perfectly well. And Nigeria leaders visit these countries. May God bring Nigeria come back like the oil boom era.
God will bless sincere people like you, we know our Nigeria and we know what will be hardly work in our leadership. It's was not far when emifele took over 89 trillion from the stamp duty charges.
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.
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.
So you summarize things for something that a pull stop or comma therein can change meaning and favor one section than the others, right? We are not fools
I have to share this to lots of people to inform them, i think we need to inform the masses on what is what and not just throw emotional sentiment up and down
When u see someone that knows what he is doing speaks even an illiterate when understand, we really needs more intellectuals like this man in our public services
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 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...
I fully support this intelligent tax reform bill, the National Assembly should not for any reason wait our time of passing this bill into law. We have intelligent people in this country which should be given the responsibility to hand our institutions.
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
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 ?
Great analysis. My problem with this government is that it needs to give the populace adequate orientation about its policies. What are the news agencies, NOA, and so on, doing?
Simple and clear explanation to this complex matter. However, we should understand who bears the brunt when it comes to tax (the people/final consumers) who will still pay the margin added to whatever product or service. I would suggest we reform the existing one, plug the leakages and if possible reduce tax at this times (to drive down inflation).
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 gentleman is definitely versed and knowledgeable in the area of taxes, and I commend him for it. However, I have 3 issues with his interview: 1. He says the fact that corporations are headquarterd in Lagos doesn't mean only Lagos should benefit from their taxes. Well, I beg to differ because they indeed have to pay their corporate taxes in the state they're incorporated in. I mean, this is how it's done everywhere, including in the US, which you guys reference all the time. Moreover, the other states also benefit from these corporations by collecting VATs on the products (say soft drinks or beers) sold in those respective states, for example. 2. When corporations are incorporated in a particular state, they obviously put enormous strain on the public infrastructure of that state, and such state would definetely need constant injection of tax revenue into its coffers, to improve and maintain those infrastructure, and to even build new ones just to keep up. The same thing with having ports and heavy commercial border crossings. All these put huge strain on those states, however, all the huge sums of import/excise duties revenue generated from ports and boarders in Lagos, for example are taken to the center to be shared equally with states who don't have those strains on their infrastructure. So, is this fair? 3. Lastly, with all due respect to Senator Ndume who says he hasn't read a bill. How about he mandates his staff whose salaries the public is paying for, by the way, to read that bill and explain what's in it to him before he starts bashing it. I mean, how hard is it to read such an important bill?!
We have already started paying more taxes where I work. Whether the taxes get remitted is another conversation. Is there any incentive to a staff getting to pay more taxes? Also, what compensations are there if any, if one finds an employer does not remit collected taxes?
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.
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
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.
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.....
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. Also,FGN needs to consider bailing out highly indebted states with low revenue generation and cap Foreign loans taking by State governors.
On this analysis ,negotiation and consultation ,the bill should scale through. We have to be secific and transparent in our tax collection system. Those rejecting it ,without taking their time to read it,speaks alot on some's intellectual laziness .The above habit is dangerous to progress as individuals and the nation.
This bill is fantastic. All those taxes collecting by amac agboro will stop and it will make northern states and other states to grow in productions and all agencies will face their jobs.
@JohnAkpede, he did not say that it would be a disadvantage to Lagos. He said that majority of the big business/entities (banks, Coca Cola, Telecomms, etc) are in Lagos and they pay their VAT in Lagos since that's where their headquarters are based. However, with the tax bill reforms, part of the idea is to ensure that the different states where distribution and consumption of products (coke, airtime, etc) takes place, those respective states should take credit for the economic activities taking place there, as opposed to remitting VAT to Lagos alone where headquarters are located. This is how I understand it. This would further motivate all states (especially the northern states) to take greater responsibility to boost economic activities in their domains. I hope this helps? Also his explanation from minute 12:00 up to around 19:00.
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?
The tax we need to deal with is the unsolicited taxes collected by law enforcement on the road as well as high cost of fuel that is making goods expensive
![[Full Video] Channels TV Hosts Townhall On Tax Reform Bills: Experts Call For Restraint, Patriotism](http://i.ytimg.com/vi/GWUKfiYnlLQ/mqdefault.jpg)
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)!
This is the kind of individual we need in our public service. Intellectual with meekness
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.
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.
They need to support it with Visuals such as Pie Charts and, if possible simulation analysis.
@@adelajasobowale5228 Read the actual bills and presentation
@@lanrem6609 ...you sabi. As Oyedele said, absolutely *everything* you need to know about the Bill has been put into writing - it is now up to our esteemed legislators (and some of the Executive with their technocrats) to drill down and put forward any concerns they may have. The actual 'black letter' business of government is not for lightweights. "Visuals such as pie charts" kè? Abeg, legislation reform no be kindergarten or "gee-whizz" matter.
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.
I feel intelligent listening to him
I too man
I am from Anambra. Only an unintelligent person will disagree with this fellow. Please Nigerians this is a golden opportunity. Let's support this great mind.
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 🤔
Oh, the government definitely is at fault, that doesn't mean I don't understand what he's talking about.
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
Education is light, knowledge is power.
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!
Taiwo Oyedele is displaying the highest form of Emotional intelligence of a Yoruba Omoluabi ! Good job and a great Nigeria awaits all of us .
It is good to hear both sides of any controversy before you take a side. I was against the reform based on where "my folks" appear to be standing on this issue..Now that I have heard the other side, I am now on board, the tax reform. The bill is not about North vs South. It about special interest vs. true progressives.
Mumu
Very smart and brilliant presentation and proposal.
Any patriotic Nigerian with sense of fairness and honesty should embrace this Bill . Just take a time to digest this bill and you will see the beauty of this reform on Nigerians and Nigerian economy.
A great job realy .
So you believe this bill will better Nigeria economy,dey play
It will still be embezzlement and corruption as usual...
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.
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
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.
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
This Ayodele man is sound.
He's made quite a lot of sense with his presentation.
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.
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
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 is very enlightened.
Thanks for the presentation
This guy is intelligent, I believe most of the people who opposing this bill they didn't read it or they didn't understand it
May God bless this His effort mercilessly, and please let us all back him prayers.
Very good initiative and reform. Well done ✅👍 Mr Taiwo Oyedele.
Omoh this man's intelligence and wisdom could be likened to that of solomon. Lord! i have watched almost all his interview. it is difficult to believed that someone can simplified such humongous bills into just one extremely each-to-grasp subjects in the way he did it.
Well said and many doubts in me were cleared clearly . Thank you sir, and thank you too channels Tv as you reflect and exercise what was expected of you . God bless Nigeria
...succinct, intelligent, localised, laser-like responses with relevant examples (including the odd subtle put-down for emotive detractors of the Bill). Abeg, Oyedele sabi the work well well. Salute.
Wow! this guy is too heavy in the head; both in law, history and economics
Please engage more with the northern government.God bless your team
Wonderful I am seeing a developing Nigeria with this
Great interview.... I will have to watch again to get full understanding
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.
God bless you, Mr Oyedele..
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.
Sharp guy. Intelligent. Love listening to him.
Great job, Mr. Oyedele
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
That’s why they destroyed the educational system years ago so as to churn out many ignorant folk.
Intelligent and humble man. God bless 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 pray ooo, this bill needs to pass to encourage more competion between states. If your a lazy state, blame the governor. It creates more federalism.
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
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".
My fear with the tax reforms is that the revenues accrued from them will not be used to provide infrastructure for the citizens
You said it all
I have the same fear. In a porous system like ours, it is the concern of the poor to be worried about it.
Yes o come and see how the American govt build road network in all American cities.
I am baffled.
Is it electricity,since my arrival in the US the light has been stable.Everything is working accordingly and perfectly well.
And Nigeria leaders visit these countries.
May God bring Nigeria come back like the oil boom era.
God will bless sincere people like you, we know our Nigeria and we know what will be hardly work in our leadership.
It's was not far when emifele took over 89 trillion from the stamp duty charges.
Great conversation.
Great interview.. nice presentation Taiwo and brilliant questions from Maope
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.
Thank you for this exposition.
Great!
This is the type of conversation I want to listen to
Intelligence speaking. Respect Sir
This man is so intelligent, I love you baba
This man is a blessing to Nigeria...walahi
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.
Good presentation, explicit enough
Thank you Channels for bringing this fine gentleman to your program. I understand way better now.
So you summarize things for something that a pull stop or comma therein can change meaning and favor one section than the others, right?
We are not fools
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
I have to share this to lots of people to inform them, i think we need to inform the masses on what is what and not just throw emotional sentiment up and down
When u see someone that knows what he is doing speaks even an illiterate when understand, we really needs more intellectuals like this man in our public services
Nigerians must support this bills
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 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...
This could only be wisdom from God mr oyedele is an assert to this generation, thanks to Tinubu glory be to God.
I fully support this intelligent tax reform bill, the National Assembly should not for any reason wait our time of passing this bill into law. We have intelligent people in this country which should be given the responsibility to hand our institutions.
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
Wow brilliant conversation
Nice 👍 one ❤❤❤❤🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬
i am so happy with this bill oh God help them to get it right and to move our conutry forward ,
Very eloquent.
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 ?
Why am I still doubting this government!
My main problem is that they will gather it and put in their pockets 😢
Great analysis. My problem with this government is that it needs to give the populace adequate orientation about its policies. What are the news agencies, NOA, and so on, doing?
Truth is whether they use where it is collected or where it is consumed, Lagos will still be at advantage.
Simple and clear explanation to this complex matter.
However, we should understand who bears the brunt when it comes to tax (the people/final consumers) who will still pay the margin added to whatever product or service.
I would suggest we reform the existing one, plug the leakages and if possible reduce tax at this times (to drive down inflation).
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 gentleman is definitely versed and knowledgeable in the area of taxes, and I commend him for it. However, I have 3 issues with his interview:
1. He says the fact that corporations are headquarterd in Lagos doesn't mean only Lagos should benefit from their taxes. Well, I beg to differ because they indeed have to pay their corporate taxes in the state they're incorporated in. I mean, this is how it's done everywhere, including in the US, which you guys reference all the time. Moreover, the other states also benefit from these corporations by collecting VATs on the products (say soft drinks or beers) sold in those respective states, for example.
2. When corporations are incorporated in a particular state, they obviously put enormous strain on the public infrastructure of that state, and such state would definetely need constant injection of tax revenue into its coffers, to improve and maintain those infrastructure, and to even build new ones just to keep up. The same thing with having ports and heavy commercial border crossings. All these put huge strain on those states, however, all the huge sums of import/excise duties revenue generated from ports and boarders in Lagos, for example are taken to the center to be shared equally with states who don't have those strains on their infrastructure. So, is this fair?
3. Lastly, with all due respect to Senator Ndume who says he hasn't read a bill. How about he mandates his staff whose salaries the public is paying for, by the way, to read that bill and explain what's in it to him before he starts bashing it. I mean, how hard is it to read such an important bill?!
Great submissions
Hello, please is there a site from where one can download the tax reform bill?
We have already started paying more taxes where I work. Whether the taxes get remitted is another conversation. Is there any incentive to a staff getting to pay more taxes? Also, what compensations are there if any, if one finds an employer does not remit collected taxes?
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.
Very good programme
Can I please get a link to download the bill?
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
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.
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
Sharing 60% based on derivations and 20% by population is their major problem.
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.
Also,FGN needs to consider bailing out highly indebted states with low revenue generation and cap Foreign loans taking by State governors.
You have just hit the nail on the head, bro.
On this analysis ,negotiation and consultation ,the bill should scale through. We have to be secific and transparent in our tax collection system.
Those rejecting it ,without taking their time to read it,speaks alot on some's intellectual laziness .The above habit is dangerous to progress as individuals and the nation.
This bill is fantastic. All those taxes collecting by amac agboro will stop and it will make northern states and other states to grow in productions and all agencies will face their jobs.
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.
@JohnAkpede, he did not say that it would be a disadvantage to Lagos. He said that majority of the big business/entities (banks, Coca Cola, Telecomms, etc) are in Lagos and they pay their VAT in Lagos since that's where their headquarters are based. However, with the tax bill reforms, part of the idea is to ensure that the different states where distribution and consumption of products (coke, airtime, etc) takes place, those respective states should take credit for the economic activities taking place there, as opposed to remitting VAT to Lagos alone where headquarters are located. This is how I understand it. This would further motivate all states (especially the northern states) to take greater responsibility to boost economic activities in their domains. I hope this helps? Also his explanation from minute 12:00 up to around 19:00.
It will allow States to work better and participate by helping their states own business works
Make we celebraaaaaaaate
Make we pop champaaaaagne
So some people don’t want to be productive??,
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?
This bill seems to relieve state from tax collections which may be against the Nigerian presidential system of govt. Where there is a state power play
This man is brilliant and he knows his onions
The tax we need to deal with is the unsolicited taxes collected by law enforcement on the road as well as high cost of fuel that is making goods expensive
Why is the Federal Government making laws on Personal Income Tax? Isn't that the prerogative of State governments?
If it does not work. You rest