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Messrs Udoma and Fowler were amongst senior government officials who today appeared before the Senate Committee on Finance headed by John Enoh. The officials were summoned by the Senate committee to explain details of the 2019-2021 Medium-Term Expenditure Framework and Fiscal Strategy Paper . “I can certainly see an increase in VAT of at least 35 per cent to 50 per cent this year based on our enforcement activities. There certainly will be an increase in Company Income Tax and also on Petroleum Profit Tax,” Mr Foweler said.“It will be recalled that as a result of agitations from the unions that the President set up a tripartite committee to look at the Minimum Wage.
“So we will be coming to you. There may be some changes maybe in VAT and other things. But we will be coming to you in order to make sure that we can fund the Minimum Wage.
This is totally unacceptable MBuhari
It's a cricle.......we need wisdom
This is what I call cut and nail government
Buhari will give you with right hand and collect it back with left hand. With the increment of Vat, the minimum wage has become useless. The Nigeria workers are still where they are.
Next level Till GOD come ...Thunder will fire who ever try to commit suicide...3mb plz dnt allow d Idiots to come near Ur water
Criminals in high places
Oyaaaa !!!!! I said it...if one gate open in Nigeria another window of hole will open wider... Rob peter to pay Paul... NLC was aware of this nd has taken they %...chaiii. Export increase import duty will kill poor ppl
How much oil 🛢 did we sell last year
Give with your right so as to collect with your left hand, Funny, Na for naija be that oooo
Madness
If VAT is increased then everything remains the same. smh.
You don't discuss how to cut down the excesses of the federal law makers
If the federal government will kick start price hike then the increase is of no use...what about all the years that we have experienced increase of prices of vat, foods, transportation etc without increase of salary?
The wages of lawmakers should be cut by more than half. Cost of governance should be reduced too.
If u r increasing VAT, also reduce cost of governance at all level 2 pay minimum wage 🤔😏
Making life more expensive Can't we reduce the jumbo pay the law makers are receiving every month , n block all the leakages in the economy
It will just be like giving you with right hand and collecting it with Left hand...
We are slaves under our own people. Please Britians revoke Nigeria independence.
Won't this result in inflation of commodities, no innovation and creativity to generate revenue!
Then why increasing minimum wage when you will indirectly get it back from VAT?
If you know you voted APC don't make noise hereooooh ! Or else the thunder that will fire you is still downloading ...nonsense!
Looks like that N5000 note might actually become a thing. Naira about to become Zimbabwean dollars in 2005.
VAT for what now?
Nigerian government are always unserious. Simple mathematics and economics, they are looking for increase in VAT to fund the new minimum wage and also want to negotiate on on those earning above the minimum. This clearly shows they were not in support of the minimum wage increase
Don't ever try this,people are trying to stand up from the recession your APC govt took them in now THIS.DON'T YOU PEOPLE HAVE HUMAN SYMPATHY?WHERE'S BUHARI'HEART FOR THE POOR MASSES AS YOU GUYS ALWAYS CLAIM?OR IS IT ONE OF THOSE LIES?
why
Increasing VAT without a proper review of the tax system will amount to nothing. The govt will end up putting more Borden on the few who are complying.
Hmmmm. Now we took two step forward and one step backward
Na wa wo before to pay minimum wage it will be the increments of VAT on who,
If this is actually true, it's really sad. So the first option wasn't to cut running cost of the government or something else, but to increase tax? So what will be the essence of the wage increase when commodity prices increase?
Said_UA any wisdom here?
Fake news
They are like the Devil, they give you with right hand then Rob you with left hand.
I noticed you guys are yet to sell the presidential jets. Even with all the presidential jets, Osibanjo still crashed in a commercial chopper
Why should we collectively pay fo r civil service?
Indirectly Nigerian are to pay for the new minimum wage.
Lol una gift be like devil's gift, give with right hand and take with left hand..imagine nonesense
The thinking capacity to run this country is not available in this administration. This is just the simple truth.. Mtcheeww!
4+4=Next level..
Please where are all the money from the federation going to? Increase VAT again Some of our politicians are just heartless... Not worthy to be called Law makers!!
The current VAT should cover should extend beyond it current accommodations to include more luxury goods and if need be reduce the cost of governance. Government is having its cake and eating it.
Work done is equal to zero
This one is rob Peter to pay paul
Buyer : please i want to buy bread Seller : Na 200 naira now buyer : Na 100 naira i buy am two day ago Seller : You know hear say VAT has been increased Buyer : Ah!... Too cost na, Seller : na VAT increment cause am
So the poor will finally pay the government the new maximum VAT ko?,
What's really wrong with this people. Must you rob Paul to pay Peter. Why can't we just enjoy good governance for once. Kilode!!!
Pay the minimum wage first before increase the vat, na so u go stop rice because Nigeria want start production of rice and now see Rice money hyper inflation,
Giving with one hand and taking it back with the other....the government of our dear countryif u know u know.
NEXT LEVEL
Then inflation sets in, currency lose value, we return to square one and labour union start demanding another increment. So y exactly are d workers happy?
Next levelsssssss........
The 3rd parties are getting richer while the hard working people continue suffer via all forms on unalienable right infringements - this is the fundamental reason why we have an unproductive economy with people that don't 'Add Any Value' at the top.
And the people that suffer the most and remain enslaved to the 3rd parties are the actual businesses that have to pay both the increase in the minimum wage and the increase in the taxes.
Once again the only people that gain, are all the 3rd parties you have to pay money to before you can pay your taxes.
How can you increase VAT to pay minimum wage?
247Crux Robbing Peter and Paul to pay Paul. Not everyone is a civil servant.
Lol Next Level
Aha!
Killing the existing companies
Just tell the Workers that you can have your cake, but you cannot eat it jejely. In local transmission to translation; We go pay una the new minimum salary o, but we go intro inflation via VAT wey no go make the new salary get value for pocket laslas. Don't do that.
Another way of scamming Nigeria.
Spiral inflation is dancing 'one corner' dance. Using one hand to give and the other hand to take back.This is what they do.
WELCOME TO NEXTLEVEL. Una never hear
How about reducing waste and corruption in your government to pay for the minimum wage. Your policy is targeting the poor who are already battered and bruised by your woeful economic policies.
Rubbish.... Reduce Public officials allowances, stop unnecessary spendings and block all leakages.
Robbing Peter to pay Paul!
Who is fooling who? How can u rob me to pay me the debt u owe me.that is exactly what this means.
Why VAT increase? Devils gift
They are mad
Next level loading
Lemme not hear any Nigerian that voted APC that will come here and cry.. next level pain.
You see until self...🤡
All those who brought this setback upon us the 2nd time should enjoy the benefit of wicked democracy... No more sympathy.. Let’s all bear the fire 🔥...
Lol.
Robbing Peter to pay Paul
Haven't you guys increased enough?
A deal with the Devil...
...rather cut salaries of politicians
Robbing Peter to pay Peter not Paul
It is too bad to tax people while some are walking tax free. Average northern farmer or herders don't own accounts but they own PVC. How do you tax such businesses? NGRPresident be guided
Madness. Instead of you guys to reduce your excesses
What kind of black economics is this? If government can't cut its wastage and block thieves from pillaging public funds then forget about increasing VAT to pay the new minimum wage. Does government think we are all retards?!!!fatiattah
Wooooow!!!! This Next Level na suffer suffer chai!!!
Rob Peter to pay paul....lol what a charge and bail policy
I told my colleague at work yesterday that d APC govt I know will never do anything for anyone out of necessity. They will rather give u one and take two indirectly, then they will paint themselves ur messiah. There was a country
Whats d essence of increasing the minimum wage? They won't even enjoy it in peace..
I knew it, that at last we gonna be the one to pay the new minimum wage
When the new minimum will be pay before talking about increase s tax!!!!
WHAT'S WRONG WITH THE COST OF GOVERNANCE?
You increase VAT they increase prices goods/commodities so it’s kind of stunted growth.
Robbing Peter to pay Paul.
They were neva interested in workers welfare, very selfish leaders
Increase VAT 😲😲 Nigeria my country
VAT is a function of economic activities. The avoidable but officially protected killings in the land cannot allow for sustainable VAT.
This is a panic and unsustainable strategy. First, we need professionals in government to drive the economy. VAT is a product of the economy
Why not reduce all this unnecessary government expenditure, reduce governors, Senate and reps unnecessary spending and salaries..Nigeria government is not for the masses.
I dissagree
Mtcheww. As if the monies collected will be applied as stated. The various 'law enforcement' are forcefully collecting taxes on the roads daily. There is a chain of command. Go and get the people's money from them!
Yeye people
Olori buruku ni awon pipu yi. What’s now the essence of the increment? Pay workers 30k then jack VAT to 20%? So, pure water sachet can be sold N20 per 50cl?
Nigerian government; they give you with the right hand and take back with the left
Why pay if you're going to increase the vat this is give with the right hand and collect with the left Nigeria is in a relationship with monster who call themselves politician God bless us
Have you tried reducing the wafmges of the senators,if that doesn't work, we can try that of the governors and president
Calm down people! When they said Change, we didn't ask in what direction. They came back and said NextLevel, we equally didn't ask in what direction. Zero your mind and fasten your seatbelt. Anything you see, take!
Next level wahala don begin again
Welcome to Next Level of hardship and poverty! Why not cut cost of governance instead of increasing VAT ?
òro orílé-èdè Nàìjírìà ti sú mi
of course, where else would they have gotten the fund to pay it. It's not like our senators are earning too much.
Can u imaging the fg talking abt vat b4 payment
Ole govt
officiallyrikl Rubbing Peter to pay Paul. How did we get to this point. Nigeria is fast sinking
So you want to add more to the sufferings of the people to impress the gullible with minimum wage increase
Djchimix1
nwakammma
You are simply giving from one hand and taking from the other. Businesses will pass the VAT increase to the consumers, diluting their purchasing power in the process. Worse still, people who have no participation in wage increase will equally bear the tax burden.
Dis is called pegging of inflation and devaluation of currency
Stop that joke there
Nigeria should just burn instead.
Its funny that Ahmed lawan, in referring to the minimum wage increment, said: 'to whom much is given much is expected'. How much is 30,000 naira, biko?
Igbomanbussiness
I think there should be a nationwide lockdown...either you cut your cost of running the government or increase tax of national and state assembly members,We need to learn from Algeria, France...but protest in Nigeria is never peaceful..force and snitch everywhere Is neve
Labour thanks for the Trojan horse.
This is robbing Paul to pay peter.
And d prices of food goes up & we r back to square one
Lol. I’m sure that the consensus on twirra will be that the National Assembly should contribute their fair share first.
One of mechanisms to collect the money back.
Evil people!
Increment of tax to pay minimum wage? How many percentage of VAT are the legislators, the executives paying to get their allowances and salaries paid? I think this plan should enable workers to foster that objective situation!
Robbing Peter to pay Paul
Haha..they don't even want the Nigerian worker to have peace. With all the resources the Nigerian workers are to bare the consequence.
What a racket. Let there be a 50% slash of all APC lawmakers’ and cabinet ministers’ wages if they are really serious about minimum wage.
OfordileEze Dis country self...what’s wrong to reduce running cost of governance, check inflation of awarded projects drastically...they wouldn’t coz Na there their taking Dey. GOD help Nigeria!
Next level approach.
Davilish people. Their gift is like, bring head and come and take head.
Why VAT of all other measures that could be put in place. Why not reduction in the pay of the national and state assemblies members and their allowances. Let's start from there. compel tax evaders. To mention but few.
And the super rich stay super rich
Our rulers are fantastically corrupt.
Saw this coming!
Can you imagine?.
Next level things
To impoverish more Nigerians
Bush meat want to catch the hunter.
This govt not ready to pay this minimum wage.
Lol
Nigeria will rob workers+ general public to pay workers...okay!
Robb peter to pay Paul, ok o
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