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How I would transform Nigeria’s economy if I were Tinubu
By Muhammad Lawal Zuntu
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 is 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.
News
Speaker, 14 other River State assembly members decamp to APC
15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.
Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.
“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.
Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.
All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.
News
CBN rolls out new directives to track financial fraud
The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.
Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.
The action comes in the wake of a dramatic increase in banking sector fraud.
According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.
The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.
Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.
The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.
It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.
News
DSS arrests medical doctor treating wounded terrorists
Operatives of the Department of State Service have arrested a medical doctor treating wounded kidnappers inside the forest in different parts of Kwara State.
The suspect, whose name could not be ascertained at press time, was also involved in supplying drugs to kidnapping gangs operating in Kwara.
The DSS intercepted the medical doctor in the Jebba area after intelligence reports revealed that some couriers had been moving medical supplies from Sokoto to treat wounded bandits hiding in forests across the state.
A security official said many of the criminal groups have sustained gunshot injuries in recent encounters with forces.
The source said, “So, we are advising improved security measures in health facilities in thickly forested areas which the kidnappers may target.”
Confirming the development, the Chief Press Secretary to the Governor of Kwara State, Rafiu Ajakaye, said the arrest was another significant breakthrough in ongoing efforts to combat banditry.
Ajakaye noted that the state government will continue to strengthen collaboration with security agencies to shut down all channels aiding kidnapping activities.
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