WHO IS THE TASK MASTER OF THE OBNOXIOUS TAX REGIME, BUHARI OR THE CABAL?

ZION B-BC   NEWSLETTER.  

A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria {Vol. 8.NO 369. 6th September, 2020.} “…ONLY The Truth, Will Set You   Free! (John.8:32). . PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

WHO IS THE TASK MASTER OF THE OBNOXIOUS TAX REGIME, BUHARI OR THE CABAL?

Tax, tax, tax and more taxes, must the All Progressives Congress (APC), Government ride righteous Nigerians tax payers to death? Even at this agonizing period of Covid-19 pandemic which has almost grounded world economy since January 2020!

First it was the VAT (Value Added Tax), Second, WATER TAX INCREASE through assent to the Water Resources Bill by Mr. President; Third, the ELECTRICITY TAX INCREASE and, Fourth, PREMIUM MOTOR SPIRIT (pms/petrol), TAX INCREASE, all in one fell swoop! We must not forget the Fifth - the STAMP DUTY, which government also introduced “to evidence documentary transactions”. And the all important question is: WHO BEARS THE BRUNT OF THESE WOEFUL/ODIOUS TAXES IN A LAND THAT HAS BEEN BASTARDIZED BY CONSECUTIVE GOVERNMENTS SINCE NIGERIA’S INDEPENDENCE IN 1960 THROUGH DELIBERATE INSTITUTIONAL CORRUPTION WHICH IS THE WORST EXAMPLE ANYWHERE IN THE WORLD?
ANSWER: The TALAKAWAS (downtrodden, poorest of the poor masses,) whom Mr. President Muhammadu Buhari, swore to defend and protect with the last drop of his blood if voted into office, both in 2015 and 2019 respectively!

In 2015, FORBES MAGAZINE, told the world that only SIX NIGERIAN DOLLAR BILLIONAIRES COULD BAIL NIGERIA OUT POVERTY IF THEY SO PERSUADED! The revelation died a natural death because the billionaires were busy making more money from the poor masses whom they were determined to enslave forever!

CAN NIGERIANS EASILY FORGET THAT BILLIONAIRE MIKE ADENUGA (JNR), INVITED NIGERIAN YOUTHS TO INVEST IN THE FRAUDULENT “BITCOINS INTERNATIONAL FRAUD” THAT WOULD MAKE THEM OVERNIGHT MILLIONAIRES, SHORTLY BEFORE THE OUTBREAK OF THE COVID-19 PANDEMIC IN THE COUNTRY INSTEAD OF EMPOWERING THEM FINANCIALLY TO VENTURE INTO THE AGRICULTURAL CULTIVATION OF THE ECONOMIC MORINGA TREES, FRUITS AND LEAVES OF UNIVERSAL VALUE WHICH ATTRACT HIGH FOREIGN HARD CURRENCIES?
How many Nigerian rich men or entrepreneurs in the private sector of the economy pay taxes to government in spite of previous tax drives?

ARE TAX OFFICIALS IN NIGERIA NOT COMPLICIT WITH TAX DODGERS?
The lowest tax rate in Nigeria is between 5-7.5% - which every Nigerian pays through VAT and POVERTY RATIO is between 60-80%! Now if 80% of Nigerians do not earn up to ONE UNITED STATES (1 $DOLLAR), exchanging for about N500 naira per day and all gainfully-employed citizens among the remaining 20% of the population should dutifully pay their taxes, would there be a need to bleed the poor to death?

Q: Is taxation through the indirect method of VAT not sufficient for a country still regarded as the POVERTY CAPITAL OF THE WORLD, BUT BOASTS OF NOT LESS THAN TWO BILLIONAIRES – EVEN BY CONSERVATIVE ESTIMATES?
Q: Why is the TAX campaign NOT directed to the RICH citizens who have made those billions from Nigeria and through the LABOUR FORCE of the HUMAN CAPITAL of the country?
Q. Why are taxes not harmonized through the Joint Tax Board and workers/small scale business concerns forced into DOUBLE TAXATION between Federal and State Governments?
Q: Is there a correlation between VAT and STAMP DUTY, through which financial electronic transfers of N10, 000 naira would also attract duty payment instead of raising the bar to N100, 000 in order to relieve the LOWER INCOME group of unnecessary taxation?
Q: Should the Covid-19 pandemic period not be a time for WAIVERS ON TAXES for the poor workers who deserve incentives and palliatives instead of DEBT FORGIVENESS gestures extended to industrial houses and business concerns?
The Federal Inland Revenue Services (FIRS), has always passed the buck of unacceptable TAX REGIME in Nigeria at the door step of the Federal/State Governments which they claim SET TAX RATES THROUGH THE NATIONAL ASSEMBLY!
With that assertion by FIRS, it is established that the OBNOXIOUS TAX REGIME THAT IS MAKING ITS ROUND IN NIGERIA IS UNACCEPTABLE AND MUST BE REVERSED IMMEDIATELY!
We expect the three arms of Governments to synergize to reconcile all TAXES from the 774 Local Government Areas and harmonize the taxes (tenement, market, motor parks, businesses, etc,), and give HOPE to the disillusioned citizens who have been so traumatized for being Nigerians! THE BUCK STOPS ON THE TABLE OF PRESIDENT MUHAMMADU BUHARI!

NIGERIA SHOULD ENCOURAGE AND NOT FRUSTRATE HUMAN CAPITAL DEVELOPMENT!
Nigeria is not an exception to the global conception which classifies the people as power house, engine room, workforce, the golden goose that lays the golden eggs etc, etc; from whom governments derive not only their POWER but also their LEGITIMACY and MUST therefore handle them with the greatest care and treat them with utmost respect and dignity! Governments should never forget that a people could make or mar the nation's development, peace, economy etc, depending on the efficiency of its leadership drive!

CAN THE INDEPENDENT FORENSIC AUDITORS UNRAVEL THE NAIRA SUCKING MONSTER IN NIGER DELTA?
The Niger Delta Region which produces the mainstay economic crude oil has always been in the news for very unpleasant reasons, the most recent being the Niger Delta Development Commission (NDDC), N16.5 trillion naira worth of investment allegedly appropriated to the Commission for infrastructural developments between years 2000-2020, and with no meaningful socio-economic infrastructures on ground to justify the huge allocations!  Crude oil revenue still contributes between 85-86% to the annual budget expenditures even when the 2020 Budget Estimates had to be reviewed downward to reduce the oil benchmark from US$57dollars to $30 dollars per barrel – with further review in the offing if international prices still crashed - while the production output was also revised from approximately 2.1 million barrels per day to 1.7 million, due to Covid-19 pandemic fall outs on world economy!

President Muhammadu Buhari has every cause to institute the NDDC Probe considering the fact he was the Petroleum Commissioner as a Military Officer in 1976 and versatile in the workings and financial buoyancy of that sector!
He still remembers the enormous contributions from the oil sector to the Nation’s coffers and how gigantic infrastructures including Four Petroleum Refineries were built even during that aberration!
He was therefore very qualified to occupy and add the portfolio of that ministry to his headship as President and Commander-In-Chief of the Armed Forces of Nigeria just as ex-President Aremu Obasanjo did during his tenure unlike the two democrats – Umaru Yar ‘Adua and Ebele Jonathan, who tossed the ministry to their civilian counterparts!

But in spite of his sagacity and experience, the deregulation of the downstream sector of the petroleum industry is still “a thorn in flesh and a pain in the neck”! The President as Minister of Petroleum cannot confirm with certainty the daily statistics of barrels of CRUDE OIL lifted from Nigerian Wells! Could the fresh increase of pump price of Petrol to N151.56 from N148 be assumed as the option of the MARKET FORCES for determination of fuel prices by Federal Government which has officially stated that the new N151.56k price modulation would not be static? The question still remains; who ordered those increases, the senior, junior ministers or a silent cabal behind the scenes?  

WHO FAILED THE NATION IN RESPECT OF THE ROT OF NDDC?
Although President Buhari is the bona fide Minister of Petroleum, is he actually in charge? During his first tenure, someone from the Igbo-speaking area of Niger Delta, Ibe Kachikwu, was appointed as his junior minister and in this second tenure, an ex-governor of Balyesa State, Timipriye SiIva, is his assistant.  Between 2015 and 2020, the price of crude kept plummeting due to fluctuation caused by volatile international prices and it was no wonder that the country entered into economic recession in the Q2 of 2016 through to Q4 of 2017, when the ERGP strategy of economic experts headed by the Vice President Professor ‘Yemi Osinbajo (SAN), eventually bailed the nation out of the quagmire! There was respite between 2017 and 2018, but then,  when the sector looked forward to increases in 2019,  Russia and Saudi Arabia – the two big magnates of the international market exhibited rivalry, ruffled the market when they unilaterally cut prices and boost production due to general global over supply of oil combined with economic worries triggered through COVID-19 pandemic which struck the world from Wuhan, the Peoples’ Republic of China!

At about US$ 20 dollars per barrel of crude, We expect the Buhari Administration to intensify Internally-Generated Revenues (IGRs),  dismiss all ideas of seeking for more international loans, block all wastages in the three tiers of government, CLOSE DOWN THE SENATE, reduce the strength of House of Representatives from 360 to 74, diversify to Agriculture by encouraging massive production of universal forex-attracting economic trees, bring down insurgent down to their knees and wipe out all CORRUPT parasites in the SYSTEM and the nation will rise from rubbles to riches!  
WHO SAYS PRESIDENT BUHARI'S APC GOVERNMENT IS NOT ON COURSE? When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn. (Prov 29:2)

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.