IMF'S LATEST RATING INDICATES POSITIVE ECONOMIC GROWTH IN NIGERIA!

ZION B-BC   NEWSLETTER.  

(Looking at Nigeria's Political System from a godly Perspective).

A Publication of the Zion Faith Bible-Believing Church, Kpeyegyi, Abuja Nigeria. [VOL. 7. NO 245. 22ndApril, 2018.} “…ONLY The Truth, Will Set You   Free! (John.8:32).

IMF'S LATEST RATING INDICATES POSITIVE ECONOMIC GROWTH IN NIGERIA!

In 2016, the Economic Management Team of the ruling All Progressives Congress (APC), Federal Government set up the Presidential Enabling Business Council (PEBC), as a strategic move aimed at boosting trade investments at all levels according to its ECONOMIC DEVELOPMENT PLAN, which is one major plank of its SIX PRIORITY AREAS OF OPERATIONAL CHART to the citizens of Nigeria. President Muhammadu Buhari, promised Nigerians, (especially the downtrodden), on assumption of office on 29th, May, 2015, that he would expressly tackle the burning issue of insecurity posed by the Boko Haram insurgency in the North East, and restore confidence of safety among the citizens, ensure righteous governance through eradication of corruption and urgently boost/restore the dwindling economy.

With the PEBC in place in the following year, government's deliberate and determined posture to create an enabling environment for EASE OF DOING BUSINESS by both local and foreign investors, earned Nigeria 24 points on an Business Index published by the World Bank in 2017!
While the Buhari Administration was determined and focused on fulfilling those promises through the National Social Investment Programme, (NSIP), Central Bank's Anchors Borrowers Scheme, for aggressive diversification into the Agricultural Sector, and the National Cash Transfer Programme (NCTP), to the poorest of the poor, the major opposition PDP, which for 16 years, destroyed the nation's economy, castigated all efforts to revamp it and vowed with impunity, to regain power at the centre in 2019!

But since Nigeria is a major economic bloc and investment destination in Africa and by extension, globally, friendly international bodies/financial institutions had consistently kept watch over all of its economic activities to assess progress/achievements for the major purpose of supporting recommending and charting the way forward.

Because Nigeria is determined to be counted among the first 20 successful world economies by the year 2020, President Buhari ignored all distractions and endured hardness like a soldier of Jesus Christ. "No man that warreth entangleth himself with the affairs of this life; that he may please him who hath chosen him to be a soldier." (2 Timothy, 2:4).

Detractors of this divine administration had always failed to acknowledge the truth that Muhammadu Buhari is the ANNOINTED SON of the Living God, purposely sent on a mission to clear the "Augean Stables" and purge the entire mess of corruption and impunity of past administrations, in order to create the enabling opportunities for job employments and by extension, total eradication of POVERTY in a land that is "flowing with milk and honey"!
Come to think of it, is Nigeria not flowing with milk and honey and even Crude Oil? There is no part of the country that is not suitable for massive agricultural investments; there is no STATE that cannot generate sufficient revenue internally to cater for its citizens if the managers are RIGHTEOUS AND GOD-FEARING!
There is no State that is not endowed with at least, 10-14 economically-viable natural mineral resources (from BITUMEN TO COPPER, ZINC, TIN, COAL, GOLD, even URANIUM), which, if commercially harnessed will supply sufficient IGRs and also enrich its population for positive living!
But, the 16 years between 1999-2015, were the dispensations of satanic agents who robbed, plundered, destroyed and desecrated the economy of the precious land with ignominy and impunity and also exhibited the brazen audacity that they would go unpunished! We can assured them that sooner than they expected, divine judgment would come heavily upon them except they urgently REPENT AND MAKE RESTITUTION!

THE INTERNATIONAL MONETARY FUND (IMF), LIKE THE WORLD BANK; has boldly supported the Nigerian Government's economic measures through the Economic Recovery Growth Plan (ERGP), which was launched on Wednesday, 5th April, 2017, and geared towards total elimination of trending inflation on goods and services which to some extent has prevented the large masses of citizens from enjoying the dividends of democracy so far achieved in spite of the fact that the nation is out of recession!
The globally-accredited financial institution says that the economic blue-print (ERGP), was yet to impact significantly on the non-oil/non-agricultural activities/inflation rate and needed to be fast-tracked!
Some of the factors responsible for the slow pace of achievements which the agency also highlighted included, proliferation of non-performing bank loans, weak revenue generation, excessive foreign loan servicing, an aggressive government BONDS, which has almost snuffed out PRIVATE INVESTMENT participation, glaring poverty environment and visible unemployment statistics etc.

It is an undisputable fact that the damage done to Nigeria's economy during the PDP era was colossal and its re-vamping was definitely going to be Herculean and for this very reason, all the efforts of the APC Administration in still less than THREE YEARS, seemed to look insignificant to detractors and undiscerning minds - but the reforms and the achievements are very real and very glaring - like THE STILL WATERS THAT RUN DEEP!

INTERNATIONAL UMPIRES ARE CREDIBLE!
It is gratifying to know that this new APC Administration under the watch of President Muhammadu Buhari has immense credibility before patriotic Nigerians, accredited international communities and agencies because the government is TRANSPARENT in all of its social contracts with the masses. The 2017 figures from the National Bureau of Statistics (NBS), confirmed that Nigeria's economy recovered from recession after contracting for five consecutive quarters since 2016, with a new growth rate of 0.55%.
NBS further explained that the new growth rate, year-on-year, was 2.04% more than the rate of the corresponding quarter of 2016, which was -1.49%, but higher by 1.46%, recorded in the preceding quarter of 2017.

IMF's major concern, which is in tandem with Nigeria's ERGP, is that the nation should not slide back to recession in the nearest future. The agency believes that the country could be vulnerable unless urgent measures were implemented to capitalize on the gains from favourable rising oil prices in the international market, new foreign exchange measures by the Central Bank, the attractive yields on government securities, the tighter monetary policy regime and increased external reserves, which rose astronomically to a total of USD $46.210 billion dollars in March, 2018, a phenomenon that was not witnessed in the last four years! In addition IMF advised Nigeria to address the current high inflation rates in the economy as precipated through the banking industry, insecurity, delayed fiscal policy response and weak implementation of structural reforms which are risks that beset realistic economic recovery!

"WHAT ERGP STANDS FOR” - WAS PUBLISHED ON PAGE 3, (9th April, 2017); IN OUR VOL.6. NO.191 EDITION. BELOW ARE SOME EXCERPTS.
"In a very expository treatise by the Senior Special Assistant on Media and Publicity to the President, Mr 'Femi Adesina, before the launch date, Nigerians were told that the vision of ERGP was one of sustained inclusive growth which a nation needed to drive a structural economic transformation with emphasis on improving both public and private sector efficiency. He also provided the following salient reasons for an urgent but steady implementation of the laudable Plan. That the Medium Term ERGP, which has amongst its broad strategic objectives, restoration of sustainable, accelerated inclusive growth and development; investing in the people and building a globally competitive economy is also aimed at increasing national productivity to achieve sustainable diversification of production, significantly grow the economy and achieve maximum welfare of the citizens beginning with FOOD AND ENERGY SECURITY!
The Plan is a pointer to the type of Nigerian that the people desire in the short to medium-term and encourages the use of science, technology and innovation to drive growth, promote national cohesion and social inclusion in which Nigerians are the ultimate beneficiaries of more inclusive growth which is rooted in the core values that define the Nigerian Society as enshrined in the 1999 Nigerian Constitution, notably, discipline, integrity, dignity of labour, social justice, religious tolerance, self reliance and patriotism and requires all citizens and stakeholders to adhere to these principles.
"We recommend that ERGP Document must be taken over by the National Orientation Agency (NOA), of the Federal Government for incisive grassroots understanding through dissemination of its content by well-trained officials, to the 36 States and the 774 Local Government Areas, so that there would be an avenue to monitor the level of implementation by government and to also require accountability as at when due. The required cooperation by the citizens would equally be ensured if State Governments were also carried along."

President Buhari was not put in the saddle accidentally like his predecessors since 1999-2015! He was spiritually, mentally and physically prepared for the arduous and onerous task of the presidency and above all, was anointed by the Almighty God! (Isaiah. 44: 28 - 45:1-4). HE IS, "MENS SANA IN CORPORE SANO"! A MAN OF "SOUND MIND IN A SOUND BODY"! THE PRESIDENT GOT STANDING OVATION AT THE 72ND SESSION OF THE UNITED NATIONS GENERAL ASSEMBLY, IN NEW YORK FROM 19TH-25TH SEPTEMBER, 2017, AND ALSO AT THE AFRICA UNION (AU), SUMMIT IN ADIS ABABA, ETHIOPIA, WHERE HE WAS NAMED AS "AFRICAN ANTI-CORRUPTION CHAMPION"! ALSO AT THE RECENTLY CONCLUDED COMMONWEALTH HEADS OF GOVERNMENT MEETING (CHOGOM), 18TH-20TH, APRIL, 2018, PRESIDENT BUHARI WAS THE MOST SOUGHT-AFTER AFRICAN HEAD OF GOVERNMENT WHOM BRITAIN AND OTHERS ESTABLISHED BI-LATERAL ECONOMIC AND SECURITY AGREEMENTS WITH IN VIEW OF NIGERIA'S STEADY AND FOCU!SED ALL-ROUND PROGRESS!

Buhari's moving train will move on and deliver to the TALAKAWAS all of the dividends of democracy according to the letters and spirit of the SOCIAL CONTRACT until 29th May, 2023, when all the rogues and vagabonds of past administrations would have been stripped of all stolen COMMON WEALTH monies/properties and sent to prison where they would ROT! Amen.
WE PROPHESIED TWO GLORIOUS TERMS OF IMPECCABLE SERVICE TO NIGERIA BY MUHAMMADU BUHARI! IT WILL COME TO PASS BECAUSE HE WILL WIN THE 2019 PRESIDENTIAL ELECTION WITH A LANDSLIDE MARGIN! Amen.

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, https://www.google.com/+zionfaithbiblebelievingchurch.

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 of your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and 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, Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08098194390.  08080243066. g-mail- dvdolufon@gmail.com.