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, 3 tweets, 1 min read
1. Start business
2. Employ partner & kids
3. Pay partner & kids salary, housing & transport allowance.
4. Open RSA with PFA
5. Contribute pension & Additional Voluntary Contribution to RSA
6. Reduce tax by claiming partner & kids under personal allowance plus RSA contributions
RSA: Retirement Savings Account

PFA: Pension Fund Administrators

AVC: Additional Voluntary Contribution
1. In your personal tax returns, claim Partner and kids

2..On personal tax returns claim AVC you make

3..On business, claim Pension Contributions made to partner and kids as exemptions...
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More from @FinPlanKaluAja1 see all

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Kalu Aja
@FinPlanKaluAja1
In 2015, the Central Bank of Nigeria (CBN) released a list of 41 items prohibited from being imported into Nigeria with FOREX sourced from the CBN. The intent was simple – the CBN was seeking to utilize the FOREX (FX) market to support the import substitution policies of the FGN
The 41 banned items included commodities such as rice, tomato paste, cement, meat, eggs and private jets. Milk has also been added to this list. If importers cannot access CBN FX, they will have to buy foreign exchange from the parallel market at a higher price.
The CBN hopes the higher prices on imported food will make them too expensive for the Nigerian market. This will then incentivize the food importers to restrategize their operations and begin local production in Nigeria and avoid expensive FX for imports.
Read 23 tweets
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Kalu Aja
@FinPlanKaluAja1
In the Bible, we read an interesting story of Spiritualism, Economics and Trade.

God speaks to Egyptian President by giving him a strange dream of lean cows eating fat cows.
Alarmed the Egyptian President summoned his Intelligence Agencies, his Cabinet and Special Assistants on Religious Affairs, all his top Advisers, but noone could decipher the message in the dream.
Then an Adviser previously in EFCC custody remembered a former inmate who was very good in analysis of data. He tells Mr President who summons Joseph. Joseph shaves, wears a nice suit and goes before the President. Joseph hears the data from the President, & responds
Read 11 tweets
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Kalu Aja
@FinPlanKaluAja1
I once had the pleasure of being in a room with Nigerian Multimillionaires, they were discussing investments, i listened.

The Nigerian were having a discussion with a Mexican from the SanCarlos Company, the Mexican selling agriculture as a business to the Nigerians .
The Mexican invested in a pineapple farm in Enugu, & now exports pineapples from Nigeria. The Mexican explained to the Nigerians that Nigeria enjoys excellent trade terms with Europe & the US, SanCarlos Pineapples are “Nigerian” thus allow them enter d EU under those trade terms
The Nigerian millionaires were not convinced

The Mexican went on, he was making good volume exports from Enugu, his dollar cost were lower in Nigeria than Mexico, he exports and earns same dollar per tonne for Pineapple.

The Nigerian millionaires were still not convinced
Read 25 tweets

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20 things Every Nigerian Employees should know about the #PensionScheme
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Dr. Jill Andrew
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HOUSING THREAD: 1/My office has been getting calls and emails from tenants about A/C charges. Landlords are demanding tenants pay $2-$300 dollars in order to operate an air conditioner. The main question we’re getting – is this legal? Let’s break it down.
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Olagoke Balogun
@gkbalogs
Your salary is the bribe to forget your dreams. FALSE!
My job takes all my time, I have to quit to pursue my dream. FALSE!

Listen, one of the best things that can happen to an aspiring entrepreneur is working in a structured coy. Let me share a few tips on transitioning

THREAD
1. START BEFORE YOU QUIT!
Please don't let your village people win!
Test out that idea, get a proof of concept, acquire paying customers, make sure you have good traction and if possible achieve or have a clear path to Break-Even before considering quitting.
2. MAXIMIZE YOUR TIME!
Yes, you spend 40 hours weekly on your job and if you live in Lagos add another 10 - 15 hours traffic time.
However, you have 168 hours in a week, your job takes up about 50, your sleep takes up 50, and you are still left with 68 hours to build your dream.
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New Knowledge
@NewKnowledgeAI
Russia and Iran are engaged in disinformation campaigns aimed at US citizens. Twitter just released over 10 million tweets from over 4500 Russian and Iranian accounts engaged in influence operations dating back to 2009. We've analyzed the data. Here's what you need to know...
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44 US-directed local "news" accounts amassed over half a million followers. By using local-sounding news source names, they were able to dupe Americans from *other* regions to share what they thought was authentic news.
Read 15 tweets
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Oyindamola
@Portable_Wendy1
In 2017, I was in a bad place; I stopped school & needed a job to help raise money for it & shoulder my commitments. I came here to ask for a job & I got one. Or so I thought.

This is a story of lies, broken promises & working 4 nothing #Thread Pls RT @Gidi_Traffic @instablog9ja
I got a reply from @kuadakitchen who was hiring at that time. See exchange here:
See Screenshots:
Read 42 tweets

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