DOUBLE TAXATION IN PLAIN SIGHT. DO THE MATH.
One transfer above ₦10,000.
Government collect ₦50 stamp duty.
Government also collect 7.5 percent VAT on bank fee.
If bank fee na ₦50, VAT na ₦3.75.
So per transfer.
Government take ₦53.75.
Not from profit.
Not from luxury.
From moving your own money.
This na double taxation.
Two different charges.
Same transaction.
Same citizen.
Now scale am.
If 1 million Nigerians do just one transfer in one day.
₦53.75 x 1,000,000 = ₦53,750,000.
That na ₦53.75 million.
One day.
One million people.
One transfer each.
Now ask the real question.
Where exactly this money dey go.
Which budget line item.
Which project.
Which audited account.
No transparency.
No receipt.
No accountability.
Government no create the money.
Government no add value.
Government just sit down for the middle and collect twice so Tinubu fit do #Tinubu2027
Stamp duty.
VAT.
On survival.
This na government wey no respect anybody hard work.
#FreeNnamdiKanuNow protest: "Instead of using the soldiers and our police to fight terrorism, at Sabisa and other places, they are using them on defenseless protesters."
@sowore says the protest represents the widespread frustration of Nigerians over government oppression.