Mr. Osita Chidoka, a former Minister of Aviation and member of the opposition, People Democratic Party, PDP, has said that the Federal Government cabinet does not reflect Nigeria status stating that they don’t understand how Paystack, Flutterwave, Kobo360, and others work.
He said they don’t know how technology start-ups make money, according to him they don’t know how to tax them, adding that the tax authorities taxed their revenue because they think that all the money received by the companies are revenue it’s generated without knowing that the companies received the money being an aggregator.
Mr. Chidoka stated this while speaking during a program organized by the Senior Pastor of Covenant Nation, Poju Oyemade, a program televised by Channel’s Television on Saturday, May 1, 2021.
According to Mr. Chidoka who asked about the average age of the Nigerian cabinet said, “What is the average age of our cabinet, Our cabinet does not reflect Nigeria. They cannot understand Paystack, they cannot understand Flutterwave. They cannot understand Kobo360.
“They don’t know how to tax them. The tax authorities are taxing their revenues because they think that all the money received by Kobo360 is revenue. No, it is money they are receiving as an aggregator.
“So we need young people like you to be the Chairman of the FIRS. That’s what we need. We need people who understand.
While still speaking, Mr. Chidoka accused the age range of the presidential cabinet and his APC government of being too old stating that they’re too old to understand how new crop technology innovators are working, according him, the technology is what he described as a new Nigeria called ‘Naija’.
Also, he added that all they understand is to borrow money from the Central Bank.
In his words, he stated, “We can’t help them. Mr. President cannot understand it. The APC government does not understand it. They are too old to understand it. What they understand is borrowing money from the Central Bank.”
He further advised that the new Nigeria needs to be unlocked from the hands of structuralists who keep deceiving Nigerians, stating that it is not the responsibility of the structuralist.
“We need to unlock Naija,” he said. “It is not the responsibility of the structuralists. They are deceiving us, to make us keep looking at that day when we will change our constitution and El-Dorado will come. No, they are planning how they will take over in that new El-Dorado. “
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