Kabir Ibrahim Bichi(Pharm D)

THE TRUTH ABOUT THE 7.5% VAT ON TRANSFERS: STOP PANICKING! If you’ve seen the news that a 7.5% VAT on mobile transfers and USSD transactions starts on January 19th, you might be worried that the government is about to "eat" your money. The headlines are scaring people, but the math shouldn't. A lot of people are misinterpreting this directive. Let’s break it down simply so you can see the actual impact. 1. The Big Misconception Many people think that if they send ₦100,000, the government will take 7.5% of that amount (which would be ₦7,500). THIS IS 100% FALSE. 2. The Reality The 7.5% VAT is NOT charged on the money you are sending (the principal). It is charged ONLY on the SERVICE FEE your bank or fintech (Moniepoint, OPay, Kuda, etc.) charges you. 3. Let’s Look At The Math If you send ₦100,000 today: • The Principal: ₦100,000 (Your money) • The Bank Fee: ₦50.00 (What the bank charges for the service) • The 7.5% VAT: ₦3.75 (This is the charge, 7.5% of the ₦50 fee) • EMTL (Stamp Duty): ₦50.00 (The standard flat levy) • TOTAL COST TO YOU: ₦100,103.75 4. What about USSD? If you use a code like *737# or *919# and the session fee is ₦20: • The 7.5% VAT on that fee is ₦1.50. • Your total cost becomes ₦21.50. It is a kobo-difference, not a life-changing amount. 5. Why Is This Happening? 🤔 The Nigeria Revenue Service (NRS) is simply ensuring that all digital services are fiscalized. Just like you pay VAT on a bottle of drink or a data plan, you are now paying VAT on the service of digital banking. The Bottom Line: Your savings are safe. Your capital isn't being slashed. This is a tax on the bank's commission, not your hard-earned wealth. Don’t let misinformation cause unnecessary stress. There is a huge difference between a Tax on your Money and a Tax on a Service Fee. Share this to clear the confusion!

15,000 candidates forged admission letters for NYSC mobilization.

That pedri picture holding vini shirt please

Be honest: Can you stay in your house for 2 months without stepping foot outside for 90 million naira 👀👀

The data below exposed the poor mental and financial thinking of the Tinubu critics.... Ghana debt = $50billion Ghana population = 35million Ghana debt per person = $1,430 South Africa Debt = 300billion Population - 55million Debt per person - $5,454 Qatar debt - $93billion Population - 3million Debt per person - $31,000 Libya debt - $60billion Population - 7million Debt per person -$8,750 Saudi Arabia - $391billion Population - 54million Debt per person - $7,854 Gabon debt - $15 billion Population - 2.2 million Debt per person - $6,750 Egypt Debt - $261billion Population - 118million Debt per person - $2,300 Angola debt - $64billion Population - 39 million Debt per person - $1,680 Nigeria Debt - $100billion Population - 240million Debt per person - $414. Na poor man and poor thinkers dey fear debt.... From the data above ... It's obvious that Nigeria doesn't have debt Crisis... What Nigeria have is revenue crisis.... Compare to it's peers globally.... Nigeria have the lowest debt per Capita on Earth Tinubu directly and indirectly grew the revenue of Lagos by 28,000% in 26 years.... The first of it's kind in the whole of Africa.... With such a man as Nigeria president.... Tinubu would grow Nigeria revenue to a point where Nigeria can borrow enough to fix it's over $1trillion infrastructural deficits.... Copied✅

Ehh Ka ganie kai ?

Those Leny Yoro boots 😮‍💨

I know your home country is hard. No matter how desperate you are, please avoid these countries!! Add urs ✍️ 1. Albania 🇦🇱 2. Georgia 🇬🇪 3. Kosovo 🇽🇰 4. Turkish Republic of Northern Cyprus 🇨🇾 5. Moldova 🇲🇩 6. North Macedonia 🇲🇰 7. Bosnia and Herzegovina 🇧🇦 8. Belarus 🇧🇾

Extremely clean HONDA ACCORD SPORTS 2013 with original papers Price: 9M (Negotiable) Available for inspection in Kano