Mich Skywalker

Big Heart, Overthinker, Overanalyser...
Economist, Movie-ist. Subtlety expert

[Mich Skywalker @MichChidera]

@aedcelectricity Durumi 1.. no light for 3 days now

[Mich Skywalker @MichChidera]

@Naija_PR Has to be Sibeth Kane

[FC Barcelona @FCBarcelona]

Today was a good day.

[Mich Skywalker @MichChidera]

@thepreco9dayz Oh great.. the queues are mad on the mainland

[Mich Skywalker @MichChidera]

@FinPlanKaluAja1 Yet a Minister came out and lied that subsidy has been removed

[Mich Skywalker @MichChidera]

Its funny people are just getting to understand Peseiro's tactics

Notice Calvin Bassey has never been allowed to overlap

[Mich Skywalker @MichChidera]

Truth be told.. Osimehn needs to work on his positioning.. you are a striker lose your marker man. Solid play in the middle from Onyeka and Iwobi

[Mich Skywalker @MichChidera]

Nigerians too like indomie.. you con give them indomitables

[Mich Skywalker @MichChidera]

@techfortified @sgyemikale Anyways, from recent conversations, I understand that Capital Gains Tax CGT serves this purpose already, that the target is for FX inflows that are not traceable to any transaction such that the gains are not taxed under CGT

[Mich Skywalker @MichChidera]

@techfortified @sgyemikale Yeah there are concerns about that.. however, if the seller does such, the final price at which he sells would determine the basis for the computation. You can call it a tax on tax.

[Mich Skywalker @MichChidera]

@Jaypeekaye @sgyemikale Correct BDCs are licensed but in my opinion, they are treated as outcasts. A proper integration is required, we need to properly bring them under the watchful eyes of the CBN.. set up policies that require them to report their trades, inflows and outflows

[Mich Skywalker @MichChidera]

@sgyemikale The expected pushbacks could be hoarding that will further drive up price. However, if we legalise BDCs and put them on a platform, we can track unscrupulous activities. #justsaying

[Mich Skywalker @MichChidera]

@sgyemikale If the tax is on the marginal diference btwn d CBN rate and the Parallel rate, then it could work. Eg. If CBN rate is 750 and you sell at 850 (Parallel) the tax will be on the 100 diference say 5% of the 100. It will discourage using Parallel rate.

[Mich Skywalker @MichChidera]

@FinPlanKaluAja1 Whenever I see policymakers trying to apply textbook policies to solve our economic problems, I remember Rostow's growth model... for a traditional society like ours that is yet to attain the precondition for growth... these basic policies won't work

[Mich Skywalker @MichChidera]

@Afruitfulfield Along starve your distraction

[Mich Skywalker @MichChidera]

@OfficialDSSNG Wow!.. who else are you planning to arrest

[Mich Skywalker @MichChidera]

@Jemce_ 🤣🤣🤣

[Mich Skywalker @MichChidera]

What do you expect from a country that can't even protect its own citizens within its borders.. it's the hope that kills

[Mich Skywalker @MichChidera]

@JustTehdee I am shocked too