In the wake of Donald Trump’s return to the White House as the 47th President of the United States of America in just 2 months, the publisher of The Street Journal Magazine, Mogaji Bowale Oluwole Arisekola on Tuesday, March 25, took to social media to commend the world most powerful President, adding that regardless of dissenting voices, Trump’s economic plan “appears logical”.
After years of soaring prices and economic pain, the Ibadan-born businessman has come to hail Trump Administration’s focus on reducing expenses by $1 Trillion, increasing revenue by $1–2 trillion, cutting regulations, lowering taxes, deregulation and unleashing American energy to accentuate stability for Americans’ bottom lines which sought to ultimately revamp the country’s economy.
Mogaji however noted that only few countries have the political will for such bold reforms being demonstrated by President Trump.
In his show of patriotism and love for Nigeria and the government of the day, Arisekola appealed to his readers to please share and rebroadcast his message widely such that it could get to the President of Nigeria, His Excellency, Asiwaju Bola Ahmed Tinubu.
Arisekola who is also the National Chairman of the Association of Online Media Practitioners in Nigeria (AMPCON), added that, “it takes leaders with courage, charisma, and a clear vision” like Trump to make a positive and virile change in the nick of time for the overall good of the citizenry.
Read Arisekola’s post in extenso as reproduced hereunder:
Regardless of your opinion on Trump, his economic plan appears logical.
The United States currently holds $36 trillion in debt. By 2025, the government is projected to spend $6 trillion but will only generate $4 trillion in revenue. This means they will need to borrow an additional $2 trillion, raising the national debt to $38 trillion.
Trump’s economic strategy is built on three key pillars:
- Reducing Expenses by $1 Trillion:
This involves cutting waste and fraud, particularly in government programs. For instance, there are cases of Social Security payments being made to individuals who are reportedly 150 years old—a clear example of fraud. Eliminating such inefficiencies could significantly reduce unnecessary spending. - Increasing Revenue by $1–2 Trillion:
Tariffs: Trump plans to increase tariffs from $50 billion to $500 billion. While some argue that other countries might retaliate, they are unlikely to succeed. The US is the largest consumer market globally, with an annual consumption of $20 trillion and $3 trillion in imports. The current tariff system is also unbalanced—for example, US cars entering Europe face a 10% tariff, whereas European cars entering the US only face a 2–2.5% tariff. By adjusting tariffs, it would become economically viable for more factories and businesses to be established in the US, creating jobs and boosting tax revenues.
Deregulation: Trump also intends to remove unnecessary regulations, making it easier for businesses to operate, grow, and ultimately contribute more in taxes.
“Gold Card” Residency Program: He proposes offering lifetime US residency for $5 million. With millions of wealthy individuals globally, even if just 100,000 people (a mere 10% of 1–2 million potential buyers) purchase the card, it would generate $1 trillion in additional revenue.
- Lowering Taxes:
If the plan to cut $1 trillion in expenses and add $1–2 trillion in revenue is successful, the US could achieve a budget surplus. With excess revenue, Trump aims to reduce individual taxes—potentially eliminating taxes entirely for those earning over $150,000. He also plans to lower corporate taxes from 21% to 15%, making the US one of the most business-friendly countries, compared to Europe’s average of 22%, France’s 25%, and Germany’s 30%.
The Bottom Line:
This is how governments should be run—efficiently. By cutting waste, funds can be redirected to where they are truly needed: supporting the elderly, the sick, and those unable to work. That is the true role of government—to protect the vulnerable.
Unfortunately, few countries have the political will for such bold reforms. It takes leaders with courage, charisma, and a clear vision.
Do you have leaders in your country pushing for real reform, or are they distracted by irrelevant side issues?
If you disagree with Trump’s plan, feel free to share your thoughts. To me, it seems like common sense.
Please share this message until it reaches the President of Nigeria.
My name is Mogaji Wole Arisekola. I come in peace.
