I'm resuscitating and repurposing a post of mine from a couple of years ago and retitling it.


Corruption
1. Automatic 1 year jail term in a prison for hardened criminals for every $1 million stolen and also a life-term ban from politics and public office. To avoid jail, you will need to pay back 10 times the amount you're indicted of stealing. You can reduce your jail term by paying the jail term down. For example, if you return the $1m you are guilty of looting, your sentence will be reduced 1/10th of 1 year (1 month and 2 days). To avoid jail, you will need to pay $10 million as condition for your bail.

2. Breach of public duty not involving money will result in a punishment ranging from termination to a 3-month jail term. If it involves money, more time will be added to the 3-month. This is needed for public official that derelict their duty.

3. Former politicians will need to explain the source of their wealth otherwise they will forfeit what can’t be explained.


Taxes - nobody likes paying taxes but it is needed to develop the country.
4. Everybody will be issued a unique National Identity number. The number will be needed to get any service regulated by the government e.g schools, hospitals, electricity, traveling outside the country, opening a bank account, etc. The number will also be used to determine the number of people in each state.

5. Everybody over the age of 21 will have to file a tax return at the end of the year even if unemployed. The govt can keep track of the filed returns based on the unique National Identity number.

6. The federal tax rate will be a flat rate of 15%.

7. Every house will pay property taxes based on the size of the house and land but I would exempt rental properties of 4 or more units.

8. Every vehicle except commercial vehicles will pay road usage tax based on the size and year of the vehicle. Vehicles over 20 years will pay no taxes. Basically, my tax policy will tax the rich more because of their consumption since they buy the newer cars and live in bigger houses.


Youth Unemployment
9. Unemployed people can get up to NGN5000 for free after filing taxes.

10. The tax collecting agency will need more tax inspectors for tax auditing.

11. People will be audited randomly for paid taxes and if your lifestyle does not match your income declared on your tax return, you’ll be made to pay a penalty or face a jail term.

12. I will be building new prisons and they need to be staffed.


Mineral Resources
13. Mineral resources will belong to the owners of the land but will be taxed and controlled by the government.

Crude Oil Revenue
14. The current crude oil revenue sharing philosophy will be gradually phased out over 10 years and states will be encouraged to generate their own IGR. For each of the 10 years, the revenue to states will be reduced by 10% but the states can get it back by generating an equal amount of IGR.


Healthcare
15. Fee or subsidized basic healthcare for people under a certain age.

Entrepreneurship
16. Federally funded technology centers and incubation centers will be created and built in all universities. Their staff will be federal employees and they will be evaluated yearly based on how many successful companies students created. Technology bulletins will also be created weekly from mined patent data to help solve common challenges faced by business owners and entrepreneurs.

17. Corporate taxes will be zero for the first 5 years for any company not in the oil sector that hires at least 100 people. For every year after that, the tax will go up 20% until reaching the normal corporate tax rate.

18. Imports of non-essential goods will attract additional import duty of 50%. Non-essentials goods include anything that is not required to sustain a life.

Selection of cabinet members
19. Qualified and experienced candidates will be encouraged to apply but each of the applicants will be tested and the position will go to the person with the highest score until he/she messes up and gets fired. I will then select the next person in line. No cabinet member will be selected based on tribe or religion except those that represent their tribe.

20. People in my cabinet will need to take personal responsibility for their subordinate's actions. If someone under you messes up, I'll be firing the both of you and your supervisor will get a warning. 3 warnings and the supervisor is out.

21. Every last week of the month will be devoted to cabinet members. I will need DETAILED briefing of what they did the month prior and what they're going to do for the following month. This will be matched to the plan the submitted at the beginning of the year for their department. You have to meet 80% of your objectives otherwise you're out.

22. I will create an Office of Verification and their job will be to verify EVERY single project that involves federal money. This verification will be independent of what cabinet members tell me.



New Edit***
Fuel Subsidy - controversial but needs to be dealt with
23. I think the fuel subsidy should be removed generally and should only be given to the needy in form of monthly payments. Think of it as a welfare/safety net system, if you will. However, it should only be given to people that file their taxes for the current year. For people having zero income, they should still be made to file their taxes declaring zero income. The payments should be graduated for people of different income brackets.

For example:
Salary of NGN 0 – 36K should get 100% of the monthly subsidy payment
Salary of NGN 36.01 – 60K should get 75%
Salary of NGN 60.01 – 75K should get 25%
Salary of NGN 100K plus should get 0%

This way, there is little to no benefit smuggling fuel into neighboring countries and also wasting money subsidizing fuel to the affluent. More taxes revenue will be generated by the government from people wanting State benefits, while making sure that the needy will not surfer.

Refineries
24. Exactly why are we still importing fuel? Buhari need to reserve a month for meetings with EVERY single director in a position of power at the NNPC and the refineries. Those found wanting or less than truthful should be made examples out of.

Were all dis problems not dere when he was in seat?



Still expecting the 1dolla to 1 naira




Fuel price






Chibok girls..




Baba when were were watching jega counting your vote millions of generator were switched on baba now you are there do something to it..


















And never forget this boy

Fabdedon:
Were all dis problems not dere when he was in seat?
Still expecting the 1dolla to 1 naira
...

N1 to $1 parity will NEVER be possible because (1) inflation will go through the roof, and (2) the government will be unable to pay for anything within Nigeria including salaries. Think about it for a second.

This will mean the government’s income from oil sales will be reduced by divisor of 212 or whatever the current exchange is now.
For example, assume Nigeria made $1M from oil sales this month, if the exchange rate becomes N1 to $1, the govt will only make NGN1 million when they would have made NGN212 million before. How are they going to afford to fund a budget based on an income of NGN212 million with only NGN1 million?

Also, EVERYBODY will become x212 richer, which might sound great until you realize that everybody will now want to buy goods with their new found wealth and that will in turn reduce supply. When supply is low, price will go up until demand stabilizes, which will not happen until people start feeling like things are getting too expensive.

Edit....
On the other hand
The government can simply rebase the Naira by lumping 2 zeroes off it. Essentially making NGN200 equal N2 but this will mean that we will never become an exporting country since our goods will be too expensive abroad.