An Open Letter To President Buhari And Vice President Osinbajo
Please ask Nigerians worldwide for the financial sacrifice needed to provide the funds needed for the infrastructure investments required for the socio-economic development of the nation.
You can get these funds by instituting an infrastructure development
tax of between 1% and 5% of the incomes of Nigerians worldwide.
Since 50 million enterprising Nigerians at home and abroad earn the
equivalent of over $500 billion US dollars annually, you can raise
between $5 billion US dollars and $25 billion US dollars, or between
N1 trillion naira and N10 trillion naira approximately through this.
An infrastructure development tax will provide Nigerians an
opportunity to redefine Nigeria to the world in a better light and
encourage international investors to take the country more seriously.
Citizens of other nations pay for the socio-economic development of
their nations. So should Nigerians. The corruption of some people is
not an excuse for an indifference of other Nigerians to the
amelioration of the sufferings of millions of their fellow citizens
that the sacrificial provisioning of funds for investment in
infrastructures will bring.
Infrastructure projects for preventive surveillance security, social
security, education, health care, roads bridges, dams, agriculture,
works, housing, power, road and rail networks, waterways,
telecommunications, ports, etc, cost so much money.
Rather than borrow money at high interest rates and plunge Nigeria
into a deeper debilitating debt, or worse, into bankruptcy, if the
prevailing trend of plunging oil price persists, or burden the next
generation with astronomical debt, why not "borrow" this money for
free from Nigerians worldwide through this infrastructure development
Also, in the process of investment in Nigeria via this infrastructure
tax, if adopted, Nigerians will become more involved in nation
building and develop a greater sense of patriotism and unity, and
especially so, if the infrastructure projects are spread nationwide.
The infrastructure tax that Nigerians at home and abroad pay will
supplement the funds for infrastructures provisioned in the 2016
budget and ensure a robust funding level for infrastructure projects
nationwide needed for the socio-economic development of the country
and the uplifting of millions of Nigerians from abject poverty and
If you accept my proposal, please set up an Infrastructure Oversight
Committee of competent and hardworking people of unassailable
character and integrity who reflect the diversity of the country. This
committee should be headed by Vice President Yemi Osinbajo.
If constituted, the Infrastructure Oversight Committee can create a
comprehensive web portal that show projects nationwide being funded to
promote visibility, transparency, and to encourage mass participation,
and the website should allow for a secure and flexible online payment
of the infrastructure tax on a weekly, monthly, bimonthly, quarterly,
or yearly basis.
Thank you very much, your Excellencies, for your kind consideration of
my proposal and your leadership in these challenging times.