 Ex-Minister of Aviation Ocita Chidoka says the federal government only understands how to borrow money but does not understand how fintech platforms such as Flutterwave and Paystack operate. He spoke on Saturday at the 2021 edition of the platform, an annual conference organized by Pastor Buji Uyemade of the Covenant Christian Center, Lagos. The program was themed, his devolution of past solutions to Nigeria's problems. Chidoka, a member of the opposition People's Democratic Party, also lambasted the ruling all-progressive Congress government of the President, Muhammad Buhari, for being too old to understand how the digital financial sector works, that Peter P. Chieftain therefore urged the youth to take over. They don't know how to tax them. The tax authorities are taxing their revenues because they think that all the money received by Kobo 365 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 that importing materials into Nigeria, I have a young friend who imports raw materials to make office staple equipment like cellotakes. He pays 10% on the HS code to import the raw materials. He employs 28 people to build these things in his factory. But the Indians and the Chinese in Nigeria are importing finished products. I'm paying 10%, same 10% on the importation. And what do they do? They stock up Nigeria and then supply the Republic and then supply all the other parts of Africa. Because there is no incentive for the Nigerian. We should do away with the HS code without carrying on importing raw material so that we can create jobs in Nigeria, but they don't understand it. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.