00:00An open letter to His Excellency, President Bola Ahmed Tenubu, GCFR.
00:05Dear Mr. President, I am writing to you today as a passionate Nigerian entrepreneur,
00:11a job creator in the making, and someone who believes deeply in the economic vision you hold
00:16for our great nation. As a proud citizen, I want to appeal directly to your background as a seasoned
00:23administrator who understands the delicate balance between nurturing business growth and
00:28generating state revenue. My name is Osazora Koneido, and I am the founder and director of
00:34Osazora Koneido Ltd., serving as the consultant, producer, and publisher of our various Osazora
00:40Koneido titles. In our relentless drive to scale and generate more revenue for the economy,
00:47we have expanded our operations beyond our established media platforms at Osazora Koneido,
00:52news into full-scale software development. As an act of patriotism and absolute faith in our
00:59national currency, we have vowed to use Naira price tags exclusively, refusing to price our digital
01:05products in foreign currencies even when selling to a global marketplace. To power this massive
01:11technical expansion, we leverage advanced artificial intelligence. Currently, we utilize over 351 digital
01:20assistants and AI entities deployed through Google Gemini AI to help build our software infrastructure.
01:27With this virtual development team, we are building world-class plugins designed to benefit millions
01:32of websites on WordPress and other global internet platforms. Remarkably, Google LLC has not charged us
01:40a single dime or cobo for deploying these AI resources, even as we move toward commercializing our
01:46products. However, our primary operational goal is to scale our physical workforce significantly.
01:53We aim to employ an equivalent number of human staff members to match these 351 AI workflows.
02:01Under this structure, each new human employee will act as a team lead, pairing with an AI tool to
02:08provide the necessary human oversight, direction, and leadership required to ensure the development
02:13work is executed perfectly. This approach represents a massive opportunity for direct, high-skilled job
02:20creation for Nigerian youths, but we still lack the local financial capital required to scale our physical
02:26operations and hire these individuals. Mr. President, we respectfully ask that the government, take it easy,
02:35on tax enforcement for early-stage, pre-profit businesses like ours. To keep our doors open and build our
02:42infrastructure to a standard where we can reach taxable capacity, we are currently surviving entirely
02:48on borrowed funds. We have had to borrow from friends, family, and everyday hard-working Nigerians
02:55who believe in our vision. Pressuring companies at this fragile setup stage risks crushing them before
03:01they ever get the chance to contribute fully to the national economy. Our vision is not just about
03:07sustaining our families while this immediate generation. We are building a tech and media
03:12enterprise designed to serve generations of Nigerians yet unborn, creating jobs, providing global digital
03:19solutions, and ultimately becoming a robust, long-term engine for national tax revenue. To drastically
03:26accelerate this setup and bring this vision to full fruition, we formally request that the federal government
03:32would consider granting our company a soft loan of 200 million nairas. With this targeted capital
03:38injection, we can rapidly scale our infrastructure, begin our human recruitment drive to match our
03:45technical workflows, and reach the mandatory taxable limit, allowing us to start paying significant
03:50revenues back into the national coffers much sooner. We also want to bring to your attention a recent,
03:57highly frustrating bottleneck we experienced with our tax administration system. Our taxpayer
04:03identification number, TIN, was suddenly flagged as, inactive, on, government portals without any prior
04:11notice, warning, or communication. This abrupt action completely disrupted our global payment
04:17architecture. We previously deployed paystack, but due to issues they faced handling international
04:23card testing and global fraud prevention, we had to migrate to a more robust, internationally backed
04:29merchant of record, more, fully integrated with Stripe. We deliberately chose a Stripe-backed solution
04:36because it is a world-leading banking architecture with elite anti-fraud and anti-money laundering
04:41protocols. Our system was designed so that Stripe would automatically route and pay all required
04:47taxes collected from our global software and media sales directly to the federal inland revenue
04:53service, FERS, via our TIN. Sudden, unnotified account the activations completely break these
05:00compliant, automated revenue pipelines. To prove our absolute transparency and commitment to the law,
05:07we have already gone ahead to file for that registration, even though our current revenue has
05:12not yet reached the mandatory legal threshold for it. We have never and will never evade taxes.
05:18The moment the revenue service approves our pending submissions, we are fully prepared to file our
05:24returns month by month, dating back to our very first day of operations. We will gladly submit our
05:31full, unedited bank statements to the authorities to transparently prove that we are still operating at a
05:37loss and pouring every single Kobo back into building this business. Mr. President, we ask for your direct
05:44intervention to foster a more supportive, protective environment for pre-profit tech and media startups.
05:50By providing accessible soft loans and ensuring tax agencies notify and guide businesses rather than
05:57abruptly penalizing them, your administration will unlock the true potential of Nigerian innovation.
06:03Thank you for your time, your leadership, and your commitment to a prosperous Nigeria.
06:09Yours faithfully, Osazura Akonedo, Founder and Director, Osazura Akonedo Ltd.,
06:15The Consultant, Producer, and Publisher of Osazura Akonedo Titles
