ZION B-BC
NEWSLETTER.
A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 13. NO 559. 28th April 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!
NIGERIAN POLITICIANS WILL REPAY ALL NATIONAL DEBTS - DEAD OR ALIVE!
From all indications President Bola Tinubu seems to have no Advisor on any subject matter concerning the administration of the populous nation of Nigeria gifted with professionals in all fields of educational endeavors, world-class economists, academia. medical doctors, engineers, security experts, captains of industries of world-wide repute!
And whereas he is indebted to pay monthly humongous salaries/allowances to over 18 of them apart from 48 Cabinet Ministers and quantum Special Assistants without fail!
In spite of the negative ripple effects of tinubu's declaration of removal of fuel subsidy on the day of his inauguration, May 29 2023, he still justifies himself with the following statement made during global jamboree from Netherlands to Saudi Arabia
Friday, 26 April 2024.
Nigeria’s President Bola Tinubu arrived Riyadh, the capital of Saudi Arabia to participate in the 2024 Special World Economic Forum (WEF) on Global Collaboration, Growth, and Energy for Development.
The President’s arrival on Friday evening marked the beginning of the second leg of his two-nation official visit, following his earlier engagements this week in the Hague, Netherlands.
The two-day Special World Economic Forum is scheduled to hold from Sunday, April 28 to Monday, April 29, 2024 in Riyadh, Saudi Arabia.
BELOW ARE THE JUSTIFICATIONS OF PRESIDENT BOLA TINUBU FOR THE SUDDEN REMOVAL OF PETROLEUM SUBSIDY WITHOUT ANY PALLIATIVES IN PLACE TO DATE!
President Bola Ahmed Tinubu has said that the removal of petrol subsidy was a necessary and decisive action to ensure that Nigeria does not go bankrupt.
The President said this at the World Economic Forum in Riyadh, Saudi Arabia on Sunday, 28th April 2024, where he also said that the floating of the Naira was necessary to remove the “artificial element of value” in the currency.
President Tinubu, while speaking at the Forum, said, “For Nigeria, we’re immensely consistent with our belief that economic collaboration and inclusiveness is necessary to engender stability… Concerning the question of the subsidy removal, there’s no doubt that it was a necessary action for my country not to go bankrupt (and) to reset the economy and the pathway to growth.
“It is going to be difficult, but the hallmark of leadership is taking difficult decisions at the time it ought to be taken, decisively. That was necessary for the country.
“Luckily, we have a very vibrant, youthful population interested in discoveries by themselves and highly ready for technology, good education, committed to growth. We were able to manage and partition the economic drawback and the fallout of the subsidy removal". (What reckless effrontery?)
TINUBU’S ENTOURAGE AS USUAL GULPED MILLIONS OF DOLLARS OF TAX PAYERS FUNDS TO EXECUTE THE PRETENTIOUS JOURNEYS THAT COULD HAVE BEEN HANDLED WITH TECHNOLOGY!
He decided to open the PANDORA BOX
In an austere time such as this?
1) According to the Apex Central Bank of Nigeria, its officials participated in a number of meetings to shape the global economic landscape during the IMF/World Bank Spring Meetings, 17-20th April 2024 in Washington DC. In close coordination with Minister of Finance, Wale Edun, CBN Governor, Olayemi Cardoso hosted more than a dozen leading IMTOs to a breakfast meetings followed by strategic deliberations with G-24 ministers and central bank governors. (Were they invited?) Governor Cardoso held insightful bilateral conversations with World Bank Group President, Ajay Banga, and World Bank Group Chief Economist, Indermit Gill, followed through fruitful discussions with the African Consultative Group and he IMF Money and Capital Markets Department. (It was a jamboree and waste of very scarce public funds)!
2) Free Money? Nigeria Secures $2.25bn Loan From World Bank At 1% Interest Rate, Says Wale Edun!!
The Board of the World Bank would meet in June to consider the final approval of Nigeria’s request for a $2.25 billion single-digit interest financing package, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has disclosed. Edun, announced the financing request at the end of the just-concluded Spring Meetings of the International Monetary Fund (IMF) and World Bank on Sunday.
He had stated that the package, approved by the Board of Directors of the World Bank, offers a 40-year term with a 10-year moratorium and a nominal one percent interest rate would meet in June 2024 to consider the final approval of the financing package! (On a platter of gold?).
“The Federal Ministry of Finance continues to work closely with the World Bank on Nigeria’s application for up to $2.25 billion, comprising $1.5 billion in Development Policy Financing and $750 million in Programme-for-Results financing.
“We expect that the Board of the World Bank will meet in June 2024 to consider the final approval of this financing package,” the statement added.
“The 2024 Spring Meetings highlighted the global economy’s improved resilience, acknowledged by economic leaders worldwide.
“THE BANK AND THE FUND HAVE COMMENDED NIGERIA'S EFFORTS IN TIGHTENING MONETARY POLICIES, REVISING THE COUNTRY'S GROWTH FORECAST UPWARDS TO 3.4 PERCENT FOR THIS YEAR – A REFLECTION OF THE EFFECTIVENESS OF THE ADMINISTRATION'S ECONOMIC POLICIES,” IT ADDED.
(Borrowers dwell on speculations and remain tied to the apron's string of the lender forever!)
PANDORA BOX!
According to Wikipedia, Pandora's box is a metaphor for something that brings about great troubles or misfortune, but also holds hope. In Greek mythology, Pandora's box was a gift from the gods to Pandora, the first woman on Earth. It contained all the evils of the world, which were released when Pandora opened the box.
COMMENTS:
The wild goose chase and penchant for international borrowing ingrained in consecutive Nigerian greedy politicians had beclouded their sensibilities and
Oblivious of all booby traps embedded in international transactions especially those from the International Monetary Fund and the World Bank which are imperialist and capitalist organizations!
They believe in the neo-colonialists agenda that the 54 African Nations should never be Independent from former foreign overlords, but be trapped through pretentious, soft, slavish loans that would BE IMPOSSIBLE FOR SEVERAL GENERATIONS TO REPAY!
The latest USD$2.25 being offered to Nigeria would attract ONLY 1%, 10 years moratorium and repayable in 40YEARS!!!
NIGERIA'S INTERNATIONAL DEBT PROFILE - NATIONAL BUREAU OF STATISTICS (NBS).
Nigeria's external debt stood at N31. 98 trillion (US$41.59 billion) in Q3 2023, while total domestic debt was N55. 93 trillion (US$72.76 billion). The share of external debt (in naira value) to total public debt was 36.38%in Q3 2023, while the share of domestic debt (in naira value) to total public debt was 63.62%.
TINUBU HAS OPENED THE PANDORA BOX AND HE MUST DEAL WITH THE CONSEQUENCES!!!
1) No Nigerian citizen or any member of their families alive or their unborn children will ever pay the DEBTS THAT Tinubu and his fellow cohorts have accumulated from 1999 to date!!
2) All debts external/internal WILL BE PAID BY THE BORROWERS at National/Sub,- National levels. All monies starched outside of the country in foreign accounts MUST be retrieved and all PROPERTIES, landed. Movable or immovable must be auctioned and converted in monetary terms and made payable to all foreign and local lenders!
3) All monies flowing daily as Toll Gates fees in BILLIONS OF NAIRA AT THE LEKKI TOLL GATE LAGOS and being collected by an ALPHA BETA PRIVATE COMPANY (allegedly owned by President Bola Tinubu according to ex-Military Governor, BODE GEORGE), MUST BE RETRIEVED THROUGH GOVERNMENT FIAT to add to the repayment of all foreign and local debts in order to assuage the Innocent Blood of hundreds of YOUTHS who were killed on 8th October 2020 during a very peaceful protest gathering against police brutality tagged END SARS!
4) Tinubu should see the HANDWRITING ON THE WALL that the game of institutional impunity in orchestrated/ massive corruption is totally over!
ALL CURRENT AND PAST POLITICIANS WHO HAD DIPPED THEIR HANDS INTO THE NATIONAL/STATE TREASURIES TO STEAL THE CITIZENS FUNDS WILL PAY IN FULL - DEAD OR ALIVE!!!
THE LORD WILL EXECUTE JUDGMENT UPON ALL OF THEM AND THERE SHALL BE NO ESCAPE AMEN AMEN!
"For we brought nothing into this world and it is certain we can carry nothing out.,." (I Timothy 6:7-12).
[EXPECT A PRIME MINISTER IN NIGERIA NOW!]
Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to: facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,
Please look forward to divine revelations in The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace, and The Wedding Mascot Died
If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!
I am, yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.
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