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tolu ogunlesi @toluogunlesi
, 5 tweets, 2 min read Read on Twitter
Highest revenue EVER generated by Nigeria’s Federal Tax Agency (FIRS) was N5.007 Trillion in 2012: premiumtimesng.com/business/11749…

2018, FIRS says it’s already hit 5 Trillion, on course for 5.3T full year.
google.com/amp/s/sunnewso…

Avg Oil Price in 2012: $109

Avg Oil Price 2018: $71
FIRS: #Nigeria Taxpayer Numbers have grown from 13 million in 2015 to 20 million in 2018
Also FIRS:

July 2018: “From the innovative approach of placing noncompliance sticker at the premises of businesses, 15,000 non-complying businesses regularised their taxes to the tune of N217bn.” dailytrust.com.ng/firs-collects-…
FIRS Revenues in 2018: >5 Trillion Naira

FIRS Revenues in 2017: 4.03 Trillion Naira

FIRS Revenues in 2016: 3.3 Trillion Naira

(Reminder that 2016 was Annus Horribilis for Nigeria. Low oil prices, recession, average oil production fell to as low as 600k bpd)
Another interesting observation:

In 2012 (a N5 Trillion Tax Year): oil taxes accounted for 64% while 36% came from non-oil taxes.

In H1 2018 (another N5 Trillion Tax Year), oil taxes were 47%, non-oil 53%.

Waiting to see what the full year looks like.
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You haven’t heard the last of the Amaechi ‘tapes’. We are dealing with Principalities & Powers, who‘ll go to any lengths to fight dirty.

1. One of the fraudulently edited clips:

2. The original clip below. See how they edited out the ‘Corruption’ context
Let me summarize it for you. You can confirm what I’m saying in the audio clips above: the published one (taken from the @PremiumTimesng website / YouTube), and the original clip.

You be the judge, and check out the subtle, fraudulent, but professionally done edits yourself.
All over the clips are SUBTLE alterations like this, intended to change context. Cut out a few clarifying words here; join two unrelated bits very cleanly & professionally to alter the meaning/context

It’s actually very depressing - that anyone would go to these devious lengths.
Read 12 tweets
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Major @MBuhari Administration Projects in North West Nigeria medium.com/@BuhariOsinbaj…
Major @MBuhari Administration Projects in North East Nigeria
medium.com/@BuhariOsinbaj…
Major @MBuhari Administration Projects in North Central Nigeria
medium.com/@BuhariOsinbaj…
Read 8 tweets
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Read 3 tweets

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It's bn a brutal holiday season in many parts of #Nigeria. In the NE, #BokoHaram ambushed a military convoy monday, on highway linking Maiduguri, capital of Borno state, with Damaturu in neighbouring Yobe state, killing 13 soldiers & a @PoliceNG officer
msn.com/en-xl/africa/t…
Unsurprising, reports emerged shortly thereafter indicating that up to 167 @policeNG personnel in preparation for posting to counter-insurgency frontlines in NE #Nigeria have absconded before deployment, taking their weapons with them
premiumtimesng.com/news/headlines…
While the rest of the country marked Christmas, forced displacement appears to have intensified in NE #Nigeria, with @nemanigeria registering over 2,046 IDPs over the past 48 hours in one LGA
premiumtimesng.com/regional/nnort…
Read 10 tweets
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The Malabu scandal is one of the largest scandals in Nigeria's history, it's sad that we haven't updated the laws that allowed this to happen more than two decades later but what Happened exactly #OpenOilLicense
On April 29, 1998, Malabu Oil and Gas Limited was awarded one of the most valuable oil blocks in Africa, OPL 245 just 9 days after the company was registered with the CAC and without the formal submission of a prospecting license application form.
The Owners of the Company were- Mohammed Sani (An alias for Mohammed Abacha, the son of the Head of state, Sani Abacha) ; Kweku Amafegba (alias for Dan Etete, the then Minister of Petroleum Resources responsible for the award of license); & Wabi Hassan (Wife of Hasan Adamu)
Read 54 tweets
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The Hi Court of Rivers State sitting in Port-Harcourt, presided over by Justice A.U. Kingsley-Chuku has adjournd to 9 Jan 2019, hearing in suit no PHC/3193/2018 betwn Dr Peter Odili v. @ChidiOdinkalu & @Naijavote, the libel suit over #TooGoodToDie. Here's the story of #OdiliLibel
On 31 Oct 2018, former Rivers State Gov, Dr. Peter Odili, issued Writ of Summons at High Court of Rivers State against @ChidiOdinkalu & @Naijavote claiming that their recent book, #TooGoodToDie libeled him with claims that were "untrue" & "painted him in bad light"
#OdiliLibel
In his filing, Dr. Odili complained about specific claims in on pages 129-130; 136-138; & 162 of #TooGoodToDie which address aspects of violence & mismanagement of state resources under his watch when he was Governor of Rivers State 1999-2007
#OdiliLibel
Read 16 tweets
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2018 began with some trepidation as #Nigeria's economy failed to take off, and familiar sounds of discontent began to surface.

In the political space, questions mounted about whether the coalition that brought @MBuhari to power 3 years earlier would hold firm.

It didn't.
Meanwhile, the year, 2018, would go down as the year when @AsoRock's claims about having a lid on security issues were revealed to be mostly empty.
The year began with an escalation of #PastoralConflict, with tit-for-tat killings across 5 states, and a tepid reaction from @AsoRock.

This culminated in the unsightly scenario of one of #Nigeria's most prominent citizens asking his tribesmen to defend themselves.
Read 25 tweets
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Welcome to our twitter conversation thread, please retweet to enlighten someone, like & Comment.

Topic: - Effective taxation of the Nigerian informal sector
#Taxation #Nigeria

andersentax.ng/effective-taxa…
1.The Nigerian tax authorities have been making efforts aimed at increasing the level of tax collections and improving government revenue generation from taxation. #Taxation #Nigeria
2.This is spearheaded by the Federal Inland Revenue Service (FIRS) and the other State Internal Revenue Services #Taxation #Nigeria
Read 53 tweets
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First things first, it is important to point out, again, that the news of both HSBC and UBS closing down what are essentially satellite offices in #Nigeria is really a non-issue.
HSBC for example, is cutting its branches in up to a quarter of the 67 countries it operates in last I checked, so again, that is not the issue.
What should terrify us is that in the last year, foreign direct investment into our country has plunged by a factor of 30%.

That is significant, and if #Nigeria were serious, there should be a cabinet level meeting, but no, meat-heads will be masturbating about "corruption".
Read 18 tweets

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