NIGERIA WILL OVERCOME POVERTY WHEN SENATE IS SHUT DOWN!

ZION B-BC   NEWSLETTER.  

(Looking at Nigeria and the World's Political System From a Godly Perspective).

A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria {Vol. 10.NO 411. 27th June, 2021.} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

NIGERIA WILL OVERCOME POVERTY WHEN SENATE IS SHUT DOWN!

Is Nigeria poor? What manner of poverty is the nation suffering from? What is the nature of the poverty? What is, or who are the causes of the poverty?
In July 2018 when the UN Common Country Analysis (CCA), through “a progression chart” applied by World Poverty Clock (WPC), adjudged Nigeria was the “poverty capital of the world”, there was indignation, uproar and commotion among the various stakeholders of the Nigerian economy which disagreed with the rating and called for the heads of those responsible for the outrageous and most despicable report!

Our 258th Edition of 22 July, 2018 was devoted to counter the “obnoxious report” which We condemned in all ramifications! Below are some excerpts of the publication:

“THE OBNOXIOUS UNITED NATIONS REPORT PRESUMPTIONS ARE UNTENABLE!
In spite of the fact that Nigeria has one of the highest economic growth rates in the world, it was adjudged in the year 2016, in a United Nations (UN), report tagged, Common Country Analysis, (CCA), as the one of the poorest countries in terms of per capita income!
In the year 2017, it was reported that poverty- stricken Nigerians depended mostly on REMITTANCES from the Diaspora as economic crisis bit harder in the first quarter; and now in 2018 second quarter, Nigeria, according to " World Poverty Clock",  WPC, June, 2018, Nigeria had about 87 million people living in poverty as against India's 73 million! Before the turn of the 21st Century, China and India, the two most populous countries in the world hosted the poorest of the poor globally but the former which Nigeria is emulating, had transformed into a very viable economic nation, second only to the United States! According to the unacceptable universal projections, Nigeria and the Republic of Congo, "now share" the last two positions at the bottom of the ladder of poorest nations, but we strongly belief that the efforts of the current administration in erasing that notion through its determined and unrelenting efforts through diversification to land cultivation and exploration of god-given mineral resources, in the past THREE AND A HALF YEARS, were not considered in that report! Currently, there is a deliberate effort of transferring wealth to farmers, other land cultivators and the Small and Medium Scale Enterprises (SMSE's), who have taken advantage of government-assisted bank support through the CBN, BOI, and the African Development Bank, soft loans, which were alien to those sectors in the past! In addition, there were aggressive moves by APC governments (Federal and States), to reduce the number of able-bodied un-employment/under-employment of employable adults at all sectors of economic development of the nation through massive employment of technical/university graduates, which will increase to about 500,000 employments before the expiration the second quarter, in spite of the available scarce resources!
The market women, artisans of all grades and vocations, were not excised from the largesse rolled out by President Muhammadu Buhari, who perhaps, has the love of the poor masses of Nigeria at heart and has so exhibited his passion for them so passionately more than anyone else in this century! NIGERIA IS POISED TO BE RANKED AMONG THE 20 MOST ECONOMICALLY-VIABLE NATIONS BY THE YEAR 2020 - WHILE THE SUSTAINABLE DEVELOPMENT GOALS (SDGs), PROGRESSES TO ITS LOGICAL CONCLUSIONS IN 2030!”

AT THE MOUTH OF TWO OR THREE WITNESSES, A MATTER IS ESTABLISHED!
In spite of Our strong defence against the United Nation’s claim, incumbent Senate President, Dr. Ahmad Ibrahim Lawan unequivocally told whosoever cared to listen on Thursday, 24th June 2021, having concluded a two-hour closed-door meeting with President Buhari at the State House, Abuja, that “NIGERIA IS A POOR COUNTRY THAT HAS NO OPTION BUT TO BORROW TO FUND INFRASTRUCTURE DEVELOPMENT!
QUESTION: Will the resort to borrowing alleviate or erase poverty? Senator Lawan made a sweeping statement, sidelined all of the opening probing questions without implicating the National Assembly (NASS) of COMPLICITY IN THE CREATION OF THE NIGERIAN KIND OF SELF-INFLICTED POVERTY!
This fresh development got Us very angry, deflated, embarrassed, nonplussed and wondered what spurred the 62-year-old academician to so conclude and whereas it was in the public domain that the Number Three man in the Federal Executive hierarchy and his 468 predator legislators in both Red/Green Chambers, have annually depleted annual budgeting process by cornering for themselves large chunk of annual budgets through selfish demands for exotic vehicles, unconstitutional outrageous allowances outside of annual salaries, in the following categories: monthly working allowances of N3.5 million, plus 15 other allowances gulping from between 10%-400% of their secret basic salaries!
In every annual budget, the National Assembly is allocated the sum of between N115-150 billion, which they still complained was meagre compared to the size of consecutive DEFICIT budgets funded with borrowed monies!

RUNNING NIGERIA AGROUND WITH SENATE RUBBER- STAMPED BORROWED MONIES!
Is it not true that All Progressives Congress (APC), Administration since assumption of duties from 2015 had consistently executed annual deficit budgets with borrowed foreign/local funds to satisfy the whims and caprices of politicians especially the legislators under the guise of funding national development in the areas of critical infrastructure projects in health, education among others? The latest of such clandestine requests was the President’s fresh N2.343 trillion (USD$6,183 billion), external loan from the Senate early June, 2021, which he claimed “was to finance the 2021 budget deficit BUT which would ultimately increase the nation’s indebtedness to USD$ 35.683 billion when eventually rubber stamped! 

NIGERIA’S DEBT PROFILE FROM 2015 TO 2020!
The National Bureau of Statistics (NBS), on Thursday 24th June 2021, confirmed Nigeria’s debt profile at N33.11 trillion to end Quarter 1 of March, 2021!
As of December 2020, the nation’s public debt was N32.9 trillion naira, or USD$86.3 billion dollars according to the Debt Management Office!
BREAKDOWN:
N12.47 trillion or 37.67% [External]; N20.64 trillion or 62.33% [Domestic].
NBS working in concert with the Debt Management Office (DMO) verified and confirmed the figures with the following details that:
Domestic public debt stock of the Federal Government totalled N16.51 trillion during the period under review;
States and Federal Capital Territory (FCT), was N4.12trillion;
Lagos State is indebted to the tune of 12.31% of the N4.12 trillion naira domestic debt stock while Jigawa State had the least debt stock at 0.77% of the total debt portfolio according to the data report ending with the first Q1 -31st March, 2021!
Most of these debts were borrowed in the first FOUR years of President Buhari’s Administration via multilateral development, bilateral and commercial loans (Eurobonds and Diaspora bonds).

All borrowings can be stopped when the CHINA INNOVATION is implemented as we suggested in 2017 as reproduced bellow!
“CHINA'S INNOVATION IS IMPERATIVE! [Excerpts from Edition 219 of 22October, 2017].
President Xi Jinping of China is one Executive who caught world attention in recent times because of the his unusual patriotism and selfless leadership style which forbids him from dwelling in affluence and opulence while millions of his nation's excessive population of over 1 billion people, wallowed in squalor and abject poverty! He has unequivocally, declared that poverty would be totally kicked out of his country by the year 2020 through the consolidation of massive employment in the agricultural, manufacturing and industrial sectors.
This Reformist who believes in the supremacy of strong institutions continued to build on the platforms for the eradication of poverty of previous administrations, which began in 1982, by ensuring that corruption had no place in his administration and also that more attention was paid to all facets of economic life of the nation, through introduction of modern agricultural innovations to ensure food sufficiency and security!
It is on record that over the last 35 years, 800 million people in China have been successfully lifted  out of poverty - in 2016 alone, the nation lifted 12.4 million people above poverty line and is determined to lift at least 10 million people out of poverty  annually AND STAMP OUT POVERTY PERMANENTLY FROM CHINA BY THE YEAR 2020!”

NIGERIANS SHOULD RESIST ADDICTED/OBSESSIVE BORROWING AS SUGGESTED BY SENATOR AHMAD LAWAN, WHO MUST RETURN TO THE LABOUR MARKET WITH HIS I08 OPPORTUNIST COLLEAGUES FROM 29TH MAY, 2030!

It is now very obvious that this Buhari administration no longer has compassion, neither for the TALAKAWAS nor the UNBORN generations of Nigerians who would be saddled with debt servicing/payments instead of diversifying to agriculture and acquiring new inventions through modern technology for economic sustainability! CORRUPTION has been identified as the Major reason for the high rate of poverty in Nigeria! Who are the corrupt? The less than 2 million of the population in the constitutional Three Arms MUST be cut to size NOW! Nigeria has OPTION to shut the Senate, reduce House of Representative members to 74, to make room for a Parliamentary system of government, and block all financial leakages through ESTACODES! These major step coupled with DEVOLUTION OF POWERS, will do the MIRACLE for a brand new Nigeria!

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.
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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, 08080243066. g-mail-dvdolufon@gmail.