COVID-19 IS OPPORTUNITY FOR BACKWARD INTEGRATION FOR NIGERIA! $22.7 BILLION FOREIGN LOAN IS DAY-LIGHT ROBBERY!

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. 9.NO 345. 22nd  March, 2020.} “…ONLY The Truth, Will Set You  Free! (John.8:32). . PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

COVID-19 IS OPPORTUNITY FOR BACKWARD INTEGRATION FOR NIGERIA! $22.7 BILLION FOREIGN LOAN IS DAY-LIGHT ROBBERY!

Concerted efforts by global scientists and economic   experts at saving the human race from gradual extinction through severe respiratory attacks by the novel but very deadly coronavirus, are yielding desired results even in China from where it originated! Over 87,000 people have recovered as at Sunday 22nd March, 2020 And for the Nigerian nation, where no single death had been recorded since the outbreak, the Federal Government should seize the unusual opportunity of the global scourge to redeem itself from the odious bottom index position of being the worst country in all international assessments - except for the current pandemic!

According to concerned political pundits/analysts, this moment in the history of Nigeria should represent a time of righteous INTROSPECTION/RESTITUTION ie, putting the CITIZENS socio-economic interests FIRST and SELF LAST! It should not be a time for perfecting foreign loans of USD$22.7 billion dollars for some phantom/unspecified i-n-f-r-a-s-t-r-u-c-t-u-r-e projects across the country, when the lives of the masses are at stake!

Nigeria’s debt profile has hit N33.078 trillion from $85.4billion, as Senate approved President Buhari’s USD$22.7billion “to better the lives of over half of the population who are dwelling in abject poverty”! The $22.7billion dollars or N6.923trillion naira (which was rejected by the 8th National Assembly), was re-forwarded and approved by the 9th Senate on THURSDAY 5TH MARCH, 2020, while world leaders were running helter-skelter to protect their beloved citizens from being ravaged by the rampaging coronavirus parasites exported to the world from the People’s Republic of China, with highest global population of 1.5billion people.

NEED FOR NATIONAL CONVERSATION: ARE NIGERIA’S POLITICIANS CREATED BY GOD?
Out of the $22.7 billion loan, a sum of $17billion, will be borrowed from CHINA EXIM BANK,  haba! World Bank, $2.8billion; African Development Bank (ADB), $1.8 billion; Islamic Development Bank, $110 million; JICA, $200 million; German Development Bank, $200million; and AFD, $480million!
****AND DEBT SERVICING IN FIVE YEARS, 2015-2019, STOOD AT N8TRILLION NAIRA! WHO WILL PAY THESE DEBTS? THE ABOUT 100 MILLION POOR MASSES?
None of this leaders envisaged that Covid-19 would pose any obstacle to their insatiable penchant for outrageous borrowing, outrageous spending and outrageous life-style bestowed upon them by an outrageous 1999 Constitution;

BUT when it so happened that the scourge was a DIVINE intervention to checkmate the excesses of homo sapiens, SHOULD THEY NOT HAVE BACKED OUT? The current economic condition of Nigeria cannot be salvaged with avalanche of loans and more loans BUT by collapsing all economic planks inwards and taking advantage of the covic-19 pandemic, to CLOSE THE NATION’S BORDERS PERMANENTLY AS LONG AS IT WOULD TAKE TO BUILD A SELF-SUSTAINING AND EGALITARIAN SOCIETY – LIKE CHINA WHICH SUCCESSFULLY LIFTED 740 MILLION PEOPLE FROM POVERTY BETWEEN 1978- 2017 – IT IS THE ONLY WAY CONSIDERING THAT CRUDE OIL INTERNATIONAL PRICE HAS FURTHER CRASHED TO $22 DOLLARS!

NIGERIA SHOULD FOLLOW THE EXAMPLE OF OTHER WORLD LEADERS WHO LOVE THEIR CITIZENS!
Concerned political leaders across continents at such a time as this global calamity of great magnitude would look out FIRST for the absolute welfare/comfort of their citizens through the execution of all socio-economic contract in a bottom-up approach! They have closed their land borders, grounded their aircrafts, banned tourism in any form, discouraged massive assemblies at stadia, mosques and churches; have temporarily shut down educational institutions and encourage parents to keep their wards at home; constructed more isolation centres to attend to suspected cases, pumped more funds into the healthcare, pharmaceutical and strategic economic sectors to keep internal machinery of local trade, commerce and regulated social activities in motion!  The wisdom in all of these is crystal clear because sizable crowd in any gathering would pose less risk in periods of emergency such as the coronavirus pandemic than stadia crowds!

WHAT IS NIGERIA DOING TO PROTECT ITS CITIZENS?
*FG has set up Ministerial Committee and Presidential Task Force to carry out necessary interventions.  *Acknowledged Economic Advisory Council (EAC), suggestions to mitigate effects of spiralling effects of the pandemic on the economy.*Has ordered for additional compulsory construction of Centre for Disease Control (CDC), institutions in all States of the federation to attend to all suspected cases of coronavirus. *Collaborating and encouraging States to build well-equipped Isolation Centres, to accommodate suspected cases during the period of clinical observation.
*Professional football activities have been suspended for 28 days from 17th March, 2020, in the first instance to avoid mass crowding. *National Sports Festival to be hosted by Edo State, South-South, was put on hold.  *Budget benchmark of USD$57dollars per barrel of crude oil reduced to still an unrealistic $30 dollars.*Reduction of PMS (Petrol), pump price from N145-N125 from 18th March, 2020, for now to cushion effects of hardship of the pandemic on the population.
*Central Bank of Nigeria (CBN), has released tranches of N50 billion and N 1.1 trillion intervention funds to stimulate all critical sectors of the economy to cushion disruptions and negative impact of the virus on the Nigerian economy and boost local manufacturing. It also collapsed the import/export EXCHANGE RATE to respond to market developments, now from N36 6-N380 per US dollar! *FG has banned travellers from 13 countries including the United States, UK, China, Italy, Japan, Spain, France, Iran, Germany, South Korea, Netherlands, Norway, Switzerland etc. with over 1,000 cases of the pandemic! *All international airports have been closed except for Murtala Mohammed, Lagos and Nnamdi Azikiwe, Abuja. *NYSC Orientation Camps nationwide have been shut down etc, etc.
WHAT BUHARI HAS FAILED TO DO!
*Cancellation of the N55billion earmarked for luxurious foreign vehicles for 469 legislators of the National Assembly.(NASS)!
*Cancellation of the N37billion naira earmarked for RENOVATION of NASS Complex!
*REDUCTION of salaries/allowances of federal and state executive officers, political appointees, legislators and Senior Civil Servants by 50%!
*Cancellation of the FOREIGN LOAN of USD$22.7billion dollars already approved by the Senate for President Buhari’s (2nd Term), Federal Government for FRESH “critical infrastructure s s s s s s s s projects across Nigeria” which the EAC has advised should be discouraged for now because another recession could creep in if the situation was not properly handled!
*Indefinite LAND BORDER CLOSURE to block illegal immigration, mitigate against all forms of INSECURITY through crimes/criminalities and allow for economic recovery through total diversification to aggressive mass-assisted AGRICULTURAL, INDUSTRIALIZATION AND MANUFACTURING ventures on national scale!
*Government must intensify the anti-corruption war during the compulsory border closure, recover all looted funds, prosecute all offenders and bring them to justice to discourage others from such anti-social attitude!
*The LAND USE ACT must be reviewed to favour all CITIZENS who are the bona fide owners of the land – to be used as COLLATERALS FOR BANK LOANS – in order to  encourage more citizens establish Cottage Industries, Micro, Medium Small Scale Industries – which form the backbone of successful economies world-wide! Gainfully employed citizens have no business with crimes!
*Ban on all foreign importations! Government to ensure that henceforth Nigerians ate what they grow to stop all foreign loans and financial commitments!
*Dangote Petroleum must be supported by government with additional REFINERIES since Oil and Gas would still play major role in financing annual budgets!
*Federal Government must as a matter of urgency complete the AJAOKUTA STEEL INDUSTRY, in Kogi State,  which would supply needed iron consignments for local industry consumption and also as an alternative industrial foreign exchange-earner sector! EXPORT MUST TAKE THE FRONT BURNER AS A MAJOR GOVERNMENT POLICY!
*Support and patronize local vehicle manufacturers, re-activate all moribund Motor Assembly Plants/Textile Industries and create more employment opportunities for all able-bodied citizens – especially the youth!  
*GOVERNMENT MUST MAKE EDUCATION COMPULSORY AND FREE FROM NURSERY TO SENIOR SECONDARY LEVEL BUILD STRONG INSTITUTIONS AND VERY FORMIDABLE SECURITY FORCES DEFENCE!
THE MYTH CALLED CORONAVIRUS!
Death tolls across the world as at the time of this publication on Sunday, 22nd March, 2020, surpassed 11,000 from an estimated 235,000 infected people, according to the World Health Organization (WHO), however, about 87,000 infected people have recovered, mostly in China, where the outbreak first erupted. From all indications, is the Buhari Administration ready and determined to defeat the glaring negative effects of the coronavirus which has not and will not, by the especial grace of God, have full-blown presence among the Nigerian population through the proactive measures that have been suggested? 
But it is imperative for President Buhari to muster the POLITICAL WILL to push through all the suggested decisive policies to take Nigeria out of its economic quagmire once and for all for his name to be written in gold by posterity. There could be no better time than this!
COULD NOVEL CORONAVIRUS BE ONE OF THE FULFILMENT OF BIBLICAL PROPHETIC PESTILENCES OF THE END TIME? (Matthew. 24: 1-14).

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,

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.