By Ambrose Ologide
A Warri based business icon , Sunday Onose has stated that he has an economic concept that will positively impact on Nigerians and the Federal Government on the removal of the oil subsidy.
This was contained in his open letter to President Bola Ahmed Tinubu dated 22nd June , 2023 made available to newsmen.
The 1997 Delta State University, Abraka Business Administration Urhobo born graduate code named the said concept as ‘ Organised Recycling Appropiate Pricing Model of Premium Motor Spirit ( PMS )
He explained that the concept will provide a method ” where much organised money in circulation will not result to inflation, instead it will result to instant development because it is ‘ organised money approach ‘ while the conventional method is ‘scattered money ‘ approach” the letter added.
The letter further stated that ” This new concept will create organised markets , organised industrialization and organised business operational method together with recycling domestic financial security of even distribution of money through what I call ‘ the effective use of credit card ‘
Onose had earlier in the letter, assured that the concept, if carefully implemented, will create an organised new direct domestic jobs for over 3 million Nigerians , employ Nigerian businesses as well as organised them into a profit oriented operational method and organised markets .
While calling on President Tinubu to invite him for more explanation of the said concept, Onose further listed some of the benefits of the concept to include the monthly payment of 250, 000 naira to secondary school students and monthly payment of 400,000 naira for undergraduates .He noted that this will more beneficial to students than the controversial student loan.
Sunday Onose assured that with his concept : ” The public and private sector minimum wage will go for One million naira, 2 million naira as their monthly pension benefits and that minimum accommodation will assume three bedroom flat for both public and private sector through organised condomonia approach.
” Organised method of collecting taxes and rentages including electricity bills , agricultural tax , transportation tax, water bills , road taxes , environment taxes through organised salary sources ” The letter further added
