champ

[champ @champstyl]

Make long-term strategic plans, not just for 2026. Before you realize, 2026 is gone and you're still planning.

This applies to family, marriage, business, education etc. ✌️

[Oloye. @Ol0ye]

The poor were the main beneficiaries of fuel subsidy. Because it kept the price of everything artificially low.

When it was removed, they told you it'll help the poor because the savings will go into infrastructure that'll have a direct positive correlative impact on quality of life and that it favoured a few big men who were committing subsidy fraud. These big me were never named or prosecuted.

They're telling you the new tax regime will favour the poor because they'll pay less.

What they won't tell you is that like the consequence of the removal of fuel subsidy which raised the cost of everything more than 200%.

Whatever tax corporations have to pay will be passed on to the consumers. And the poor will pay more in real terms.

If you don't believe me, poor people could afford flights in 2015. Minimum wage was N18k. Lagos- ABJ flight was as low as N10k.

The reason low income earners can no longer dream of flying in an aeroplane is because the airlines have passed all the taxes they have to pay unto consumers.

[Kalu Aja @FinPlanKaluAja1]

“Just take a ticket of about 350,000. What comes to the airlines is about 81,000 Naira.”

This is ridiculous, only 23% of revenue flows to the generator of the revenue, the rest goes to taxes, duties, levies, etc

But there is more

“There’s VAT now on the importation of aircraft. So if you buy an aircraft for $80 million, you are supposed to pay 7.5% of $80 million.”

Why? Should the plane not just be charged import duty?

“Funds borrowed from the bank are 30–35%. So you bring in spare parts, and you pay 7.5% on them. Ticket fares will hit $1.7 million soon. At 35%, we are choking. You don’t do that.”

The government's singular focus is revenue

How can you borrow 30% from a bank and survive?

Quotes from Alex Onyema, CEO of Air Peace

[champ @champstyl]

@Msmenalicious That's algorithm for you

[champ @champstyl]

I was sympathetically reading this. I should've paid attention to the username.

[Gabi Wall @gabi_wall6]

LONDON: A 15-year-old boy stunned a London courtroom after refusing to live with every family member the judge suggested claiming his parents, aunt, and grandparents had all beaten him.

With no relatives left to place him with, the judge asked who he wanted custody from.

The boy calmly replied:
“Chelsea FC. They can’t beat anyone.”

After checking legal guidelines, the judge granted temporary custody to the team.

That’s it, ladies and gentlemen.

[The Biblical Man @Biblicalman]

A pastor once told me procrastination is just poor time management.

I told him it's worse than that.

It's the arrogant assumption that God owes you another opportunity to do what you had time to do.

He went quiet...

[champ @champstyl]

Peace of mind

[Dear Son. @DearS_o_n]

This is what your soul needs, not Dubai.

[champ @champstyl]

💯

[KABUGO @Kabugo_]

The real flex is controlling your tongue when your heart is boiling.

[Ajide Victor | Webflow Developer @Victor_Webflow]

One of the most underrated skills you can learn is the ability to ignore your mood and stick with the plan.

[KABUGO @Kabugo_]

When you finally see life as spiritual, you stop mocking people’s struggles. You realize some of them are fighting generational wars you’ve never tasted. Who are you to laugh at someone God is still rebuilding?

[champ @champstyl]

The Unit (2006)

That movie is underrated.

[champ @champstyl]

Correct

[Leila Hormozi @LeilaHormozi]

How to figure out if someone is truly your friend: win.

[champ @champstyl]

Truly, there's nothing to enjoy at the ground level 🎯

[Sam Ekpewheni @MadProfitGuy]

When my retail business was small...

People would supply me, and stand on my neck for payment.

And be frowning and threatening not to supply me next time because I delayed their payment.

Most times, these payments are not even up to 24 hours.

Then I grew bigger... That I could pull some weight.

When it takes a longer time before I approve payment, they plead... That's if they can even reach me directly.

And, they even suggest making more supplies, while we clear the previous debt.

And most times when I negotiate now, it favours me.

There was a time I wanted to take a loan last year...

I negotiated the interest rate with my bank.

I didn't know all that as a small business owner.

And the opportunity would not have come if I had remained small.

Well...

My story might not make sense.

But...

In whatever business you're running, strive to grow bigger.

Cos, there's nothing to enjoy at the ground level at all.
.
.
.
See You Soon.

I'm The Mad Profit Guy.

[N.M.A @peculiarchichii]

Religion that tells you to refuse life saving treatment isn’t faith.
IT IS MANIPULATION

Aunty Esther had the money, the medical care, the support…
All blocked by a rule written by men in Brooklyn.

How many more have to die before we call this what it is?

[champ @champstyl]

Oshimen, Osimehn, Osimhen, which one now.

You guys should choose and stay one place, stop confusing people.

[Isi Kote Ebu @Isikotebuogbaya]

In Aba now, if you litter the street, other pedestrians will call you out or drag you back to go and pick it up!

For those planning to relocate to Abia, kindly leave your bad Nigerian habits behind.

Ndi Abia have joined Otti in governing Abia and to ensure sanity is sustained.

[Whemïmor @hy_wemmy]

Fight for the life you want in 2026. No laziness, no procrastination. Go to war with everything that will stand in your way.

[Neve 🌷 @naturallyneve]

Propaganda I’m NOT falling for:

• Jesus isn’t real
• Sex before marriage
• Feminism is freedom
• Yoga, crystals, tarot cards
• Birth control
• Porn is normal
• Abortion is ‘healthcare’
• Red meat & raw dairy are bad
• Owning a farm is weird
• Pharmaceuticals heal
• The sun is dangerous
• Toxic skincare
• Being a mother isn’t fulfilling

[JP Attueyi @jpattueyi]

Permit me to address some of these points based on the new tax law:

1. “Government is reducing existing taxes on the masses”
This is Misleading.

The reform is not primarily about reducing taxes.
It is about:
widening the tax net
improving reporting
strengthening enforcement
reducing leakages
Some reliefs exist (e.g. zero rate bands, exemptions, incentives), but for many people, effective tax exposure may increase, not decrease, because:
a. more income streams are reportable
b. deductions must be actively claimed
c . enforcement is stronger

2. “Bank accounts will not be debited from January 2026”
This is misleading.

There is no provision that allows automatic debiting of bank accounts simply because it is "January 2026".
However, the law does allow:
a. recovery after assessment
b. recovery after default
c. recovery through third parties (banks, employers, debtors)
So:
Your account won't be debited from January 1st, but the law empowers the taxman to take money from your account. Check out my pinned post for more info.

3. “Small businesses will enjoy a lot of relief”
Partly true, but oversold.

Yes, there are:
exemptions
incentives
turnover based reliefs
simplified regimes
But small businesses also face:
stricter reporting
more frequent filings
better data matching
lower tolerance for informality

So while some will benefit, disorganized small businesses (like POS) may feel more pressure, not less.
Relief exists, but only for those who can keep good records.

4. “Capital gains exemption applies to all investors, 99% unconditionally.”
False.

Capital gains exemptions are:
conditional
transaction specific
asset specific
They do not apply:
automatically
universally
without documentation
Many exemptions require:
holding periods
qualifying asset types
proof of reinvestment
specific transaction structures
Saying “99% unconditionally” is legally incorrect.

5. “Minimum wage earners are exempt from PAYE”
Incorrect framing.

The law does not say:
“Minimum wage earners shall not be taxed.”
What it does say:
the first ₦800,000 of taxable income is taxed at 0%
Official Minimum wage is ₦70,000/month (₦840,000/year)

Since minimum wage exceeds ₦800,000, tax may apply on the excess, subject to reliefs and deductions.
So:
minimum wage ≠ automatic exemption
zero rate band applies up to a fixed amount

6. “Gifts and remittances are not subject to taxes”
Over simplified and dangerous.

Some gifts may be non taxable depending on purpose and substance.
But:
recurring gifts
gifts tied to services
gifts replacing income
unexplained remittances
can be treated as taxable income.
Under the new framework:
all inflows must be reported
unclear purpose shifts burden to the taxpayer
“Gift” is not a magic word.

7. “Nigerians in diaspora will not be taxed”
Incomplete and misleading.

Residency matters more than nationality.
Generally:
non resident Nigerians are not taxed on foreign income
but Nigerian source income remains taxable
Nigerian companies remain taxable regardless of owner location
Also:
remittances into Nigeria
business activities connected to Nigeria
permanent establishment issues
can still trigger tax exposure.
So this statement is only partially true and often misunderstood.