"FG only understand how to borrow money, they don't Paystack, Flutterwave" - Mr Chidoka

Osita Chidoka, the former Minister of Aviation, on Saturday said the Federal Government does not have a grasp of how technology start-ups make money.

Mr Chidoka, who is a member of the opposition Peoples Democratic Party, was speaking at The Platform, a televised event hosted by the Senior Pastor of Covenant Nation, Poju Oyemade and which seeks to spark conversations that can aid national development. Mr. Chidoka, in his speech 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. “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 Central Bank."

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