If we had a law that allowed ordinary Nigerians to sponsor legislation on their birthdays, I would have submitted to the National Assembly this Nigerian Radical Action Bill 2025

Ayo Akinfe

[1] Ban the import of everything but essential items like medicines and heavy machinery

[2] Stop exporting crude oil as production costs may soon exceed world prices. Only refined products will be exported from henceforth

[3] End the federal allocation formula as there will be no money to share soon anyway at this rate

[4] Ask every company that has sold a finished good to Nigeria over the last 10 years to come and open a manufacturing unit there

[5] Pass a law directing that every barrel of oil produced in Nigeria must be sent straight to a local refinery

[6] Step up the production of petroleum by-products like urea, petrochemicals, plastics, synthetic goods, etc

[7] Enter into targeted bilateral swap deals under which petroleum is exchanged for foreign direct investment

[8] Go all out to boost agro-processing with the aim of getting it to match oil income over the next two years

[9] Make it clear to governors that they have two years within which to generate their own funding costs

[10] Strike a deal with Saudi Arabia and Opec under which we will reduce crude oil output in exchange for investment in our infrastructure

ayoakinfe@gmail.com