“Heavy Killer Taxes That Will Drive MTN, DSTV, Obi, Adenuga Can Takeover”- Reno Omokri Drops His Take On How President Tinubu Can Jumpstart The Economy

“Heavy Killer Taxes That Will Drive MTN, DSTV, Obi, Adenuga Can Takeover”- Reno Omokri Drops His Take On How President Tinubu Can Jumpstart The Economy

Written By Oshiobugie Omo-Ikirodah

Renowned commentator Reno Omokri has shared his insights on how President Tinubu can revitalize the Nigerian economy. CONTINUE READING

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In his analysis, Omokri proposes the implementation of heavy killer taxes aimed at driving out multinational companies like MTN, DSTV, and Shoprite, and replacing them with Nigerian-owned businesses. He suggests that notable figures such as Peter Obi and Otunba Mike Adenuga could assume control of these enterprises.

Additionally, Omokri questions the need for foreign entertainment platforms like DSTV, advocating for a shift to local alternatives such as Arise TV and Channels. He also highlights Air Peace as a potential national carrier, suggesting that they retain their private status while rebranding as Nigerian Air Peace. In this scenario, foreign airlines would face higher taxes, encouraging the growth of the Nigerian airline industry. CONTINUE READING

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Furthermore, Omokri proposes the grant of interest-free loans to Innoson Vehicle Manufacturing Company, urging the industry minister to relocate to Nnewi to facilitate their expansion. He envisions a scenario where the Federal Government exclusively uses Innoson vehicles, imposing significant taxes on foreign vehicles. Omokri draws on his previous role as a presidential spokesman, sharing economic data that emphasizes the vulnerability of Nigeria to exploitative foreign investments.

Omokri also highlights the importance of Nigerians in the diaspora, suggesting that President Tinubu spearheads efforts to grant them the right to vote in order to encourage more remittances. Additionally, he calls for a National Economic Council meeting to persuade state governors to provide free land to Nigerian citizens for farming purposes, supporting both small and large-scale agriculture. The initiative would offer farmers free seeds, seedlings, fertilizers, and a grant of ₦250,000, provided they actively engage in farming. CONTINUE READING

Omokri believes that implementing these measures, along with other strategies, will enhance the value of the Nigerian Naira and empower the federal government to afford a ₦75,000 monthly minimum wage for workers.

While Omokri’s ideas present an alternative approach to jumpstarting the economy, their feasibility and potential impact would require further analysis and consideration.

He wrote; “If I were President Tinubu, I would introduce some heavy killer taxes that will drive MTN, DSTV, and Shoprite out of Nigeria to be replaced by Nigerian-owned businesses. Someone like Peter Obi can take over from Shoprite with his Next. Otunba Mike Adenuga can be supported to buy MTN Nigeria’s assets. And why must we watch DSTV? Let us watch Arise. Channels, etc.”

“I will also invite Air Peace to Aso Rock and ask them to consider being Nigeria’s national carrier. They can remain private but must change their name to Nigerian Air Peace. Once they agree, I will tax foreign airlines and give them a rebate, and within four years, they will overtake Ethiopian Airlines as Africa’s biggest and most successful airline. I will order the Central Bank of Nigeria to grant huge interest-free loans to Innoson Vehicle Manufacturing Company and order my industry minister to relocate to Nnewi to help them expand their facilities. Then I, as President, will use a bulletproof IVM car, and then place the mother of all taxes on foreign vehicles whilst banning any Ministry, Department, Agency or Parastatal of the Federal Government from using any other car except IVM.”

“I was a presidential spokesman, with access to the President. We were given economic data that shows how vulnerable Nigeria is to so called foreign investors. The money that leaves Nigeria through exploitative investments is more than the FDI that flows into Nigeria. The largest source of foreign exchange into Nigeria are Nigerians in the diaspora. And to encourage them to send more money to Nigeria, I would suggest President Tinubu spearheads the initiative to give them the right to vote.”

“Finally, I will convene a National Economic Council meeting to appeal to the thirty six state Governors to give free land to any Nigerian citizen resident in their state for the sole purpose of farming, whether small or large scale agriculture. Once you start your farm and the Ministry of Agriculture inspects it, you get free seeds and seedlings of your choice, free fertilisers, along with a grant of ₦250,000, which you will not need to repay, except you abandon your farm. If we take these steps and others, the value of our Naira will skyrocket, and the Federal Government will immediately have the financial wherewithal to pay its workers a ₦75,000 monthly minimum wage.”

Dear @tequaneV,

Thank you for your feedback. Yes, America subsidises fuel PRODUCTION in America, largely through tax incentives. They do not support fuel IMPORTATION into America.

Nigeria is now doing the same thing with the Dangote Refinery.

Fuel subsidy, by way of… pic.twitter.com/1fXnz2s4DA

— Reno Omokri (@renoomokri) July 18, 2023

Source: Bushradiogist