NewStats: 3,264,418 , 8,183,679 topics. Date: Wednesday, 11 June 2025 at 01:49 AM 60394x

spiSeyi:

And how well have they managed the 30% he who is faithful in little will be faithful in many

How does Nigeria spend its tax revenue?
An analysis of the federal government budget for
the past few years shows that tax revenue has
been essentially spent on debt financing and
recurrent expenditure significant amount of
which goes to salaries, travels and other
overheads.
Although the capital expenditure component in
the 2016 budget is said to be about 30% of the
budget, further analysis reveals that this is not
coming from tax revenue given that planned
borrowing in the budget (N2.2 trillion) exceeds
capital expenditure (N1.6 trillion).
Over one-third of federal government revenue (or
almost the entire non-oil revenue) will go into
debt servicing in 2016 notwithstanding that
Nigeria’s debt to GDP ratio is low (about 13%).
This is due to the high cost of borrowing and low
tax revenue indicating that there is really no room
for further borrowing. At states level, most are
barely able to pay salaries.

And we borrow because oil revenue is not enough for our nation, assuming all the money was spent without stealing. (That is why stealing is every bit evil in this country).

Source : PwC report 2016

Eeeh?

How many are minors and how many are adults?

Among the adults how many are within workforce age and how many are incapacitated and dependent?

Among the workforce age how many are employed/ working? How many are unemployed?

30% indeed!

Antoeni:
The calculation is very easy to understand. That tells you its only 30% of Nigerians are working and living fine 💯

Not exactly. Those are Nigerians ed by the JTB. Which is a portion of those in formal employment.

Most Nigerians are in the informal sector. Many informal sector workers do 'eat fine' while many formally employed workers do not because salary too low. And vice versa.

The JTB does not and tax many of the Nigerians in the informal sector. That is why at the end of the day, a lot of potential revenue goes uncollected. Unfortunately the informal sector is the majority of the Nigerian working class.

We pay our taxes directly or indirectly

We have maybe between 60 and 70 million Nigerians earning income. Which tax is thirty percent of that number paying?. Is it PAYE?. People that pay tax the way it is paid in the west can not be up to ten percent of working population and the majority are in Lagos

nairalanda1:


Not exactly. Those are Nigerians ed by the JTB. Which is a portion of those in formal employment.

Most Nigerians are in the informal sector. Many informal sector workers do 'eat fine' while many formally employed workers do not because salary too low. And vice versa.

The JTB does not and tax many of the Nigerians in the informal sector. That is why at the end of the day, a lot of potential revenue goes uncollected. Unfortunately the informal sector is the majority of the Nigerian working class.

Informal sector pays tax ...don't let federal government deceive you....
Market woman pay taxes...if u have time ask them
Bike men pay daily...1300Naira per day
Small shop owners even located information front of their homes pay taxes...local governent collectors go to their shops to collect and give them receipt....

The amount of people on salary jobs are more than 30% and federal government collects PAYE taxes from salary....

There land use tax....which government charges on virtually all buildings weda u are making profit or not...residential or hotel

Everyone pays VAT indirectly when u purchase goods and services.....

No let federal government whine you....their mismanagement and embezzlement is the problem

How many percentage of Nigerians benefit from Tax?

stasius:
Eeeh?

How many are minors and how many are adults?

Among the adults how many are within workforce age and how many are incapacitated and dependent?

Among the workforce age how many are employed/ working? How many are unemployed?

30% indeed!

So, in 2016 , PwC attempted to answer that question...and it even makes for sobering reading

So how many Nigerians pay tax?
According to the t Tax Board, there are ten million people (precisely 10,006,304) ed for personal income tax purposes in all the states of the federation including the FCT. Out of this,about 4.6 million or 46% are ed with theLagos State Internal Revenue Service (LIRS)indicating an average of 153,000 or 1.5% per state for others.

It gets worse

Compared to the labour workforce of 77 million at the end of 2015 according to the National Bureau of Statistics (NBS), the number of people in the tax net is only 13%. Ironically even government as the largest employer of labour is not fully compliant in deducting and remitting taxes on the salaries of their workers. This shows why there is a very low correlation between the high public sector wage bill in the budgets and the
paltry personal income tax collection nationwide.

Now as you know after 2016, government brought in IPPIS...so there was some improvement in 2019, when the World Bank now stated that less than 30% of Nigerians are on the tax bracket. Working Nigerians.

Why is it that low

1. Most Nigerians are on the informal sector...which is not covered by JTB.

2. Most Nigerians pay black taxes which don't go into federal and state coffers.

3. Much of the economy is unregulated. Simple.

However, there is an increase in number of taxpayers...as at July 2024...

The News Agency of Nigeria (NAN) reports that the total number of taxpayers in the country as of 2021 was 41 million. Mr Olarinde attributed these successes to the leadership of Mr Adedeji.

It looks nice, until you realize that the population of Nigeria is 230 million, 80 Million of whom work in paid employment, probably more in the informal sector.

At the end, we ain't earning much. Not everyone pays taxes.

Create jobs first before hungry for taxes

When people are employed, taxes will be paid.

But a country where almost 70% are jobless and 30% are paying taxes, I think they people deserve applause

Oh Nigeria: your enemies are your leaders. What a curse!

advanceDNA:


Informal sector pays tax ...don't let federal government deceive you....
Market woman pay taxes...if u have time ask them
Bike men pay daily...1300Naira per day
Small shop owners even located information front of their homes pay taxes...local governent collectors go to their shops to collect and give them receipt....

The amount of people on salary jobs are more than 30% and federal government collects PAYE taxes from salary....

There land use tax....which government charges on virtually all buildings weda u are making profit or not...residential or hotel

Everyone pays VAT indirectly when u purchase goods and services.....

No let federal government whine you....their mismanagement and embezzlement is the problem

They pay tax to whom? Obviously not federal and state government coffers.

Most of that falls under unregulated tax money. At the end, the government and people are cheated out of money.

Also, 41 million nigerians are ed tax payers...employed nigerians...for PAYE. That's not enough, as there are 80 million Nigerians in paid employment.

JTB does not regulate the taxes colelcted in the market and so forth.

Therein lies the problem


I've linked to a PwC report in 2016 in my previous comments here. INteresting reading.

So you don't know your Senate president's state?

BlackfireX:




This man just disgracing calabar people.



Natasha please give this man B..J or 1 minite quickie

Very stupid man
The one they have been paying so far what are they using it for.
Another stupid Annang man

What form of tax are you referring to because there is no Nigerian that doesn’t pay one form of tax or another. It also shows akpabio is shallow in tax matters.

Besides if politicians are still stealing in billions it then means we are paying enough taxes. They should block the leakages to raise revenue

CoronaVirusPro:
And those 70% that don’t pay are the ones who want Nigeria to sur the UK.

They cannot pay in Nigeria but will run to another country to go pay same taxes.

you pay for what you get. In the UK, you are enjoying what you are paying for. In Nigeria, you don't see the social amenities not to talk of enjoying them. Many are jobless.

Big lies... It's 100%

Only 2% of Nigerians enjoy the benefits of tax payment

sirray001:
you pay for what you get. In the UK, you are enjoying what you are paying for. In Nigeria, you don't see the social amenities not to talk of enjoying them. Many are jobless.

In the UK you pay half your earnings in income tax , then you pay things like council tax, which can be as high as 190 pounds a month.

Nigeria income tax is not up to half your salary. The equivalent of council tax in most Nigerian cities is non existent

No wonder you don't see amenites.

You get what you pay for.

How many of them have something doing?

You took all jobs from them, gave the jobs to your children and children of your concubines who don't even pay tax, now how do you want the masses to pay tax when you stole their jobs?

APC and empty brains are just disastrous.

Antoeni:


https://punchng.com/only-30-of-nigerians-pay-tax-says-akpabio/

Even if q00% pay tax the will use it to change girlfriend woth those coming from Bahamas and saty 1month in nicon9ga ot transport.

If u could. D result of ur taxes u will rejoice and eager to pay taxes but these guys are crude and wen dey take drugs to Bleep ur wife /babe u will shed tears..

I realise as u become more influential and power ful wat appeals to you you is peoples wives and daughters to lay dem os fun and more fun is pride to you that u c d unclothedness of what men cherish once u can achieve that and c dem naked is great achievement

CoronaVirusPro:



You cannot determine how well it has been managed when ONLY 30% are paying. At least, we still have free education and healthcare.

He who is faithful in the little things will be faithful in many

Mr mouth diarrhea has started again o!!

Show us your own tax certificate

This man need medication I swear

I keep saying it there's no saint when it comes to Nigerian politics, be you Igbo, Yoruba, Hausa or others. There's something about Nigerian political power that intoxicates to the point oflosing one's conscience. I pity una wey still dey hopeful for this country, no saviour anywhere, NONE!!

The greatest tax evaders are the rich. Better Govt target them and bill them appropriately

Whoever made this man the Senate president will not make heaven.

CoronaVirusPro:
And those 70% that don’t pay are the ones who want Nigeria to sur the UK.

They cannot pay in Nigeria but will run to another country to go pay same taxes.

Majority of Nigerians are self-employed people who only depend on their daily work to eat. Most people don't work in the formal sector, so how would they be taxed?

You expect someone labouring to feed himself to pay taxes out of money that's not even enough for him to feed himself and his family... Come on.

Most of those who have access to go to UK are already paying taxes in Nigeria.

What about the electronic level I dey pay from my bank x

Pls Akpabio I think it is advisable to pls keep quiet for now. I don't have issue with you but the way you talked lately its lije someone driven in motor way with no destination.

You just open mouth and just talk is this early sign of dimentia or what? Seriously I'm one of your but your utterances sound like you are on trance or in absential mind-wise.

wazobeer:


Majority of Nigerians are self-employed people who only depend on their daily work to eat. Most people don't work in the formal sector, so how would they be taxed?

You expect someone labouring to feed himself to pay taxes out of money that's not even enough for him to feed himself and his family... Come on.

Most of those who have access to go to UK are already paying taxes in Nigeria.

So being self employed excludes you from paying taxes.

nairalanda1:


In the UK you pay half your earnings in income tax , then you pay things like council tax, which can be as high as 190 pounds a month.

Nigeria income tax is not up to half your salary. The equivalent of council tax in most Nigerian cities is non existent

No wonder you don't see amenites. Council is working in the UK. What is our council doing for us in Nigeria?

You get what you pay for.