ZION B-BC
NEWSLETTER.
A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 15. NO 639. 18th January 2026} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!
CAN FOOD INFLATION RECEDE AMIDST MUDDLED UNEXECUTED BUDGETS?
Nigerians politicians hardly prepare to serve their nation with diligence at any level of government because the presidential system of government which is albatross to a developing nation has provided illicit inroad to wealth acquisition!
From all indications there is rotation consensus of turn-by-turn between the North and South!
That Alhaji Bola Tinubu shouted to high heavens in 2022 that it was his turn to ascend to the highest office is stale news!
HIS MAJOR INTEREST WAS IN THE PRESTIGIOUS TITLE!
As at the time of this report, Alhaji has Rolled together Four Unexecuted Budgets from 2023-2026 – and gleefully said FOOD INFLATION HAS RECEDED THROUGH HIS STATISTICIANS!
His unverifiable statement is in bad taste because it is UNTRUE like the parable of the Blind Men!
Some Blind Men, according to a parable were taken on a guided tour of an elephant’s massive body and in the process of identification proceeded to touch the object from their different vantage positions!
The blind man at the rear of the elephant touched its tail and said the object felt like a Snake!
The second man who was positioned on the elephant’s side said he touched a concrete Wall while another standing right in front of the animal touched the trunk and described it as a Tree trunk because each only perceived their limited part and not the whole!
Alhaji Tinubu and his unprepared team are exactly like the Blind Men who only highlighted how subjective their partial experiences seemed like!
And whereas, to establish the broader perspectives of a subject matter, all senses of communication must be employed to grasp complex realities LIKE AN ELEPHANT WHICH NIGERIA REPRESENTS!
MINISTER OF FINANCE WHO ATTENDED WEF 2026 IN, DAVOS SWITZERLAND REALLY PLAYED THE BLIND MAN!
He attended the annual Meeting of the World Economic Forum (WEF) 2026 in Davos, Switzerland, from 19th to 23rd January.
Below are some snippets of his thoughts during an interview with Bloomberg which WE watched live.
The Minister, Wale Edun highlighted the nation’s efforts to attract investment by showcasing a stable macroeconomic environment through a financial strategy, focused on REDUCING RELIANCE ON BORROWING but instead, boost domestic resource mobilization.
Our Comments: Foreign/domestic borrowings remain top priority of the APC Administration – whereas figures of MONTHLY SAVINGS from removal of Petroleum Subsidy and PROCEEDS from Internally- Generated Revenues (IGR), are usually falsified or hidden from public scrutiny!
He expressed concern that a global shift from multilateralism and globalization could lead to less trade, slower growth, and fewer opportunities for countries like Nigeria.
Our Comments: Wrong! In fact MULTILATERALISM & GLOBALIZATION will impact the nation’s economy positively when goods/services comply perfectly with international best practices!
Nigeria aims to consolidate its financial position and RELY LESS ON DEBT, PRIORITIZING INVESTMENT, particularly domestic investment, and increasing domestic savings.
Our Comments: Edun meant that his Principal would rely less on borrowing- prioritize investment of an administration that is actually on Ground Zero and desperately seeking for avenues to SELL NATIONAL ASSETS – and rake in monies for MORE JAMBOREES LIKE DAVOS AND ABU DHABI! Which domestic investments would materialize in an economy which had REMAINED MORIBUND through Policy Somersaults since 29th May 2023? Equally, the benchmarks adopted for the latest of the ROLL-OVER OR RATHER ROLLER-COASTER BUDGET 2026, are predicated on slippery parameters!
The government is implementing TAX REFORMS and utilizing technology to increase the tax-to-GDP ratio from 13% to 18% in the near future and to block leakages in revenue collection.
Our Comments: WE have been proved right again that Alhaji Tinubu only studied TAX COLLECTION and NOT ECONOMICS at the CHICAGO STATE UNIVERSITY, United States! Although he claims that the NEW TAX REGIME was to eliminate the burden of the POOR MASSES – earning NGN800, 000 naira and below who from January 2026 – were EXEMPTED! National Minimum wage is NGN70, 000. Multiplied by 12 gives a total of NGN840, 000, naira which is already TAXABLE! And the whole 250 million population of Nigerians – including INFANTS pay VALUE ADDED TAX (VAT)!
Nigeria is actively looking to attract private sector funding, including investments from the diaspora and foreign investors, especially from cash-rich regions like the Middle East.
Our Comments: They want to Reap where they did not Sow! These surrogates now travel abroad and enjoy EXOTIC LIFESTYLES on the SWEAT, LABOR AND BLOOD OF THE TALAKAWAS DUE TO THE CONTINUOUS IMPLEMENTATION OF THE ACCURSED PRESIDENTIAL PREDATORIAL SYSTEM OF GOVERNMENT!
Nigeria aims to rely on its own resources more than multilateral institutions like the INTERNATIONAL MONETARY FUND (IMF), emphasizing immediate discussions with foreign direct investors and agreements like the Comprehensive Economic Partnership Agreement with the UAE.
Our Comments: YOU DARE NOT LURE NIGERIA INTO EVERLASTING DEBT BONDAGE! The consequences will be CALAMITOUS!
ECONOMIC GROWTH AND STABILITY?
Edun highlighted President Tinubu’s efforts in correcting past distortions, stabilizing the exchange rate, controlling inflation, and fostering economic growth to lift millions out of poverty. The short-term goal is to raise the tax-to-GDP ratio to 18% and increase government spending on social services and infrastructure to over 20% of GDP.
Edun claimed he was in Davos to promote Nigeria as an investable country with a large domestic market, natural resources, critical minerals, and an improved investment environment and that Nigeria was focusing on refining crude oil into petroleum and petrochemical products, aiming for industrialization rather than exporting raw materials.
Our Comments: BROKEN RECORDS THAT NIGERIANS ARE TIRED OF HEARING!
The following is Nigeria’s Total Debt burden according to the Debt Management Office:
As of June 30, 2025, Nigeria’s total public debt reached approximately ₦152.4 trillion (about $99.66 billion), an increase of ₦3.01 trillion from the previous quarter, with the Debt Management Office (DMO) reporting THIS RISE DRIVEN BY BORROWING AND CURRENCY FLUCTUATIONS, ACCORDING TO REPORTS IN LATE 2025!
QUESTION: WHICH SIDE OF THE ELEPHANT IS EDUN TOUCHING?
Breaking News: Report: Nigeria ranked 12th poorest country by GDP per capita in 2025 Nigeria has been ranked the 12th poorest country in the world by gross domestic product (GDP) per capita in 2025. This is according to new data from the International Monetary Fund (IMF) published by Visual Capitalist.30 Apr 2025.
THE 2026 BUDGET APPROPRIATION PRESENTED BY ALHAJI TINUBU.
President Bola Tinubu presented Nigeria’s 2026 Budget, themed “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” to a joint session of the National Assembly on December 19, 2025, proposing a spending plan of ₦58.18 trillion focused on economic stability, infrastructure, and security. The presentation involved detailed allocations, including significant funds for defense, infrastructure, education, and health, with an emphasis on disciplined execution and leveraging reforms to boost growth while previous one were in limbo!
AND MEMBERS OF THE SENATE COMMITTEE ON FINANCE ARE UP IN ARMS AGAINST TINUBU IN RESPECT OF OVERLAPPING BUDGETS IN CONNIVANCE WITH NATIONAL ASSEMBLY!
In December 2025 the Senators accused Tinubu’s administration of operating multiple budgets within a single fiscal year, particularly through repeated extensions of capital components meant for a single fiscal year but always rolled over into subsequent years and still without implementation! The bubble burst during an interactive session organized by the Committee on the 2026–2028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
According to them the practice dates back to 2024, when TINUBU surreptitiously operated three budgets simultaneously: the ₦21.8 trillion 2023 budget, the ₦2.17 trillion 2023 supplementary budget, and the ₦28.7 trillion 2024 budget.
The trend continued In 2025, as the capital component of the 2024 budget, originally scheduled to expire in December 2024, was extended twice, first to June 2025 and then to December 2025. As a result, the country is currently running two budgets simultaneously: the extended 2024 budget and the 2025 budget of about N54.2 trillion, WHICH LAWMAKERS RAISED BY N7 BILLION FROM THE PRESIDENT’S INITIAL PROPOSAL!
In a recently issued abridged budget circular widely reported in the media, the federal government directed ministries, departments and agencies (MDAs) to roll over 70 per cent of their 2025 capital allocations into the 2026 fiscal year
At the conclusion of their deliberations, Tinubu was ordered to end the very unacceptable practice unfailingly in 2026!
BEFORE THE DAVOS CONFERENCE!
Mr. Wale Edun addressed the Committee on Federal Revenue performance and disclosed as follows: “Funding for the capital components of the 2024 budget has been met through realization of the total projection of N26 trillion revenue but that of 2025 have not been met . [False]!
“Out of projected N40 trillion revenue for 2025 fiscal year, only N10 trillion have been realized, leaving a shortfall of N30 trillion and consequently, making the federal government roll over 70 per cent of capital projects captured in 2025 fiscal year to 2026,” he said. [True].
The framework proposes an oil benchmark price of $64 per barrel, an exchange rate of ₦1,512 to the dollar, and daily oil production of 2.6 million barrels per day. However, a more conservative production estimate of 1.8 million barrels per day will be adopted for budgeting purposes. [True].
BACK TO SQUARE ONE: None of Tinubu’s Policies have worked and he should remember that every LIE HAS A TERMINAL DATE!
It’s time for the Citizens to call his BLUFF and peacefully demand for the long-awaited PARLIAMENTARY SYSTEM OF GOVERNMENT THROUGH REFERENDUM!
[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.