CHATHAM SHOULD NOT HAVE INVITED RECYCLED NIGERIAN POLITICIANS TO CHATTER AND LIE SHAMELESSLY TO THE WORLD!

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. 12.NO 493. 22nd January 2023.} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

CHATHAM SHOULD NOT HAVE INVITED RECYCLED NIGERIAN POLITICIANS TO CHATTER AND LIE SHAMELESSLY TO THE WORLD!

The prestigious Chatham House London is under siege! 

All dishonorable, desperate, despicable, recycled and spent political jobbers from Nigeria have besieged this honorable institution (on invitation?), to destroy its century-old very outstanding, sterling, impeccable and unrivalled image!

Has Chatham suddenly forgotten Nigeria's unpalatable history from the colonial era till independence and post-independence military aberration and all negative International indexes in respect of this so-called giant of Africa?

Is Nigeria truly an independent, sovereign nation of positive international repute among the commonwealth comity of Nations of the world any longer? 

Is Nigeria still not an appendage of foreign authorities and foreign powers even at 62 years of freedom from colonial slavery?

 Why are Nigerian politicians so, so shameless? Since the dates for  the unpopular 2023 General Elections were announced by the Independent National Electoral Commission (INEC), more than a year ago, the die-hard and addicted politicians have all been put into frenzy running from pillar to post in order to have a bite of a NATIONAL CAKE that no longer existed!

Is it true that the very fanatical, inordinate ambitious, mostly disreputable politicians frantically lobbied Chatham House for INVITATIONS?

DID CHATHAM SUDDENLY FORGET THE OBNOXIOUS MONEY-INDUCED PARTIES PRIMARIES!

Beginning with the political parties primaries up to election of candidates for all positions from the presidency to governorship, legislative at national, states and local government levels, it had been commotions upon disasters, violence, bloodshed for the TRANSIENT POSITIONS!

And yet, perpetrators of all on-going manner of heinous crimes – including the stone-age decapitation of human heads in desperate clamour for political positions have the audacity and effrontery to travel with large retinue of aides to civilized nations of the United Kingdom, United States of America, United Arab Emirates, flaunting “illicit wealth”, holding nocturnal meetings in foreign lands to decide the future of DOWNTRODDEN NIGERIANS AGAIN?

And whereas NIGERIA IS LADEN WITH ABOUT ₦ 77 TRILLION NAIRA in debt burden borrowed from virtually all the countries of the world – including EU AND UK as the old General, Muhammadu Buhari bows out 29th May 2023

CHATHAM HOUSE IS NOT A PLACE FOR CHARLATANS!

Founded in 1920, Chatham House London mission statement is driven to help governments and societies to build sustainable, secure, prosperous, egalitarian and a just world devoid of human rights violations!

It is an independent policy institute and a trusted forum for debate and dialogue which research and ideas help people understand the changing world. Chatham House helps people societies and governments understand and adapt to seismic change and provide thought leadership on key issues that define the 20th/21st century.

Since the end of the Second World War in 1945 this outstanding institution had helped to craft the multilateral institutions and mechanisms of global financial stability and also supported African independence leaders a platform throughout de-colonization.

 Chatham was key to Anglo-Soviet track-two diplomacy initiatives. And also its research influenced China’s establishment of low-carbon economic zones.

Chatham House has been a source of independent analysis trusted dialogue and influential ideas for 100 years and in this 21st century has continued to offer solutions to global challenges and actively seeking to empower the next generation to change the world. 

Chatham's three Second Century Goals are intended to enable and build peaceful, sustainable and inclusive societies.

 This Independent policy institution,  a trusted forum for debate and dialogue, with benefits of a century-long experience is privileged to hold a long-standing position of trust on the world stage and seeks to use this to champion positive change for people everywhere through Events, Publishing, Expertise, Leadership etc.

QUESTION: Where do political charlatans from Nigeria fit into Chatham’s goals and aspirations as elucidated in the preceding paragraphs?

Why were Chatham doors opened to charlatan Nigerian presidential money bags candidates? Whose attention did they intend to attract at the prestigious institution? 

With such an impeccable profile, this great institution should not condone deceitful leaders who had plundered the nation’s coffers and always covered their tracks when accused with glaring evidences and exhibits like the proverbial OSTRICH! 

The very credible Royal Institute of International Affairs and non-profit-making outfit will never affirm bad products with bad profiles! 

From all indications, the Nigerian presidential money-bags; Bola Ahmed Tinubu,  Atiku Abubakar, Peter Obi,  Rabiu Kwankwaso etc, “are money-miss-road” co-travellers who were in London only to pollute the social order of the United Kingdom’s bastion of democracy but have woefully failed!

While they were gallivanting and dramatizing in London amidst hoards of PROTESTERS, dynamites, explosives and gunshots reverberated across-the-length and breadth of Nigeria as party THUGS killed and maimed percieved members of the opposition and  innocent citizens!

 

Between 1st to 20th January 2023, not less than 508 people were killed across Nigeria in election-related atrocities according to the Vanguard and Guardian newspapers publications and that citizens were at the mercy of kidnappers! 

The Second Peace Accord initiated and sponsored by retired Major General Abdusalam Abubakar could not come to fruition because of accusations and counter-accusations by various stake holders. In all of these commotions Major General President Muhammadu Buhari is so flabbergasted just like all the LAW ENFORCEMENT AGENTS – policemen, soldiers et all, who are definitely handicapped and overstretched.

 The question is how will Buhari hold free, fair, credible, acceptable and honorable  Elections between February and March 2023 in the midst of these chaotic situation?

CHATHAM HOUSE IS NOT A PLACE FOR CHATTERING RABBLE-ROUSERS.

Below are excerpts of the blabbers:

1) ‘Bola Tinubu: He snubbed Town Hall Meetings organised by a consortium of eminent Nigerian Journalists and junketed to hold a COMEDY AT CHATHAM HOUSE where he shared questions to a retinue of his lackeys! He denied all allegations of certificate forgery and drugs involvement in the USA but said he would build on BUHARI’S LEGACIES – which? Maybe of cluelessness and ineptitude!

2) PETER OBI: For the umpteenth time said he would divert Nigeria’s economy from CONSUMPTION to PRODUCTION! He said he was not corrupt in spite of the Panama Papers allegations that he had monies in millions of dollars stashed away from public eye on the private Island!

3) ATIKU ABUBAKAR: “I am the most qualified to be President of Nigeria! I will PRIVATIZE all critical assets – especially NNPCL and make MY FRIENDS RICH!

4) RABIU KWANKWASO: I am a Ph.D holder and not a Trader!

THE SOLUTION TO NIGERIA’S POLITICAL IMBROGLIO IS NOT HIDDEN IN HEAVEN!

If the old general could just wake up and muster the courage to call for a REFERENDUM to enact a UNICAMERAL  PARLIAMENTARY CONSTITUTION that will pave way for parliamentary elections and produce PARLIAMENTARIANS AND A PRIME MINISTER to douse all insecurity challenges of the last 22 years of the nation’s nascent democracy!

It’s never too late to make amends. A stitch in time saves nine!

 [WATCH OUT FOR A NIGERIAN PRIME MINISTER – NOT A PRESIDENT IN 2023!]

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, Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08080243066. g-mail-dvdolufon@gmail.

NATIONAL SOCIAL INVESTMENT PROGRAM (NSIP), THE CONDUIT PIPE TO TREASURY LOOTING!

#CAMPAIGN FOR REFERENDUM AND NOT VIOLENT AGITATIONS! [NO.53]. –DR. DAVID OLUFON.  17th January 2023.

CITIZENS SCORECARD OF BUHARI: 2015-2023 (PART 4).

NATIONAL SOCIAL INVESTMENT PROGRAM (NSIP), THE CONDUIT PIPE TO TREASURY LOOTING!

On 19th June 2016 the Zion -B-BC News letter Edition 149, published a story of the APC’s free primary school feeding project which it described it as “…a misplaced priority” and a FREE FEEDING FRAUD!

It’s seven years down the line and the assertion has been proved right because the so-called feeding project died a natural death!

 BUT President Major General Muhammadu Buhari's spokesman 'Femi Adesina has claimed that NSIP was a positive score card of the old General’s Regime as follows : “Buhari Administration launched the first National Social Investment Programme (NSIP), in the country’s history and was today the largest social investment program in Africa and one of the largest in the world.”

A BLATANT LIE!

At the onset, General Buhari was away on medical tourism in London, but acting President ‘Yemi Osibanjo on Thursday 9th June 2016, launched the much-publicized National Home Grown School Feeding and Health Program (HGSFHP), at the ASO ROCK VILLA ABUJA on his behalf with several state governors in attendance. 

• The project was one of the several campaign promises of the ruling party to feed millions of primary school children with highly nutritional foods that will enhance their learning capabilities, battle hunger, among the less privileged families, attract and entice out of school children back into the system and make learning more conducive and comfortable.

•  Professor Osinbajo was quoted to have said on that occasion that the Federal Government School Feeding Program among other benefits would create 1.4 million jobs, increase food production by 530,000 metric tons annually and attract fresh investments of up to ₦980 billion naira.

BUT IT TURNED OUT TO BE A POLICY SOMERSAULT!

1. Federal Government planned to feed only pupils of primaries 1 to 3 of some 18 unidentified States without others in primaries 4 to 6.

2. It was not disclosed whether the children would be served breakfast or lunch during school hours since most primary school pupils normally spent between 5 to 6 hours daily from Monday through Friday.

3. It was not also disclosed how the 850 pupils of a rural school or 2,500 pupils of a city school would be catered for on daily basis. 

4. APC Government did not disclose whether the caterers who prepare the so-called nutritious meals from their various destinations and serve them or they would cook such meals within the school premises under the watchful eyes of appointed nutritionists and official supervisors.

5. Within the six months from June to December, 2016, other ancillary social projects also like TRADER MONEY, MARKET WOMEN MONEY, GRADUATE EMPLOYMENT PROGRAMME also crept into the plan while SMSEs became moribund!

NSIP was also saddled with other programs known as N- POWER; Government Enterprise and Empowerment Program (GEEP), and the Conditional Cash Transfer Program (CCT), to ensure a more equitable distribution of resources to vulnerable populations including children use and women.

And when COVID-19 came calling through a global LOCKDOWN between 2020-2021, the overall supervising Ministry of Humanitarian Affairs, Disaster Management and Social Development said ₦500 million Naira was spent on school feeding in two States to curb the spread of the pandemic in the country.

The minister also said 124,589 households were also fed with the sum of ₦523,273,800, during the COVID-19 lockdown at the rate of ₦4,200 per family through a PRESIDENTIAL DIRECTIVE!

Public outcry over the dubious uncertified disbursements of such humongous amount of money during the lockdown as social investment benefits to the downtrodden has since died down!

Out-of-school children figure has increased to about 13 million as at the end of December 2022 and in view of ALL DEFICITS IN THE ECONOMY OF NIGERIA nobody is talking about School Feeding Program anymore or any Social Investment Programme for that matter because Nigeria is BANKRUPT, BROKE AND KOBOLESS LIKE IN A FAILED STATE!

(Insult upon an injury!

FOOD AND AGRICULTURE ORGANISATION (FAO), PREDICTS FOOD SHORTAGE IN NIGERIA BETWEEN JUNE AND AUGUST 2023!

In spite of the fact that not less than 133 million people in Nigeria are facing food crisis and hyper-inflation of two digits (25.7 percent), 26 States including the Federal Capital Territory will be affected with food shortages!

The most vulnerable populations willl be found in Borno, Adamawa, Yobe and Taraba States.

However the good news is that the country of Norway in synergy with FAO will intervene in the next three years 2023- 2026, to ameliorate the sufferings and it is believed that not less than 43,990 households will be succoured – most especially farmers in women who receive agricultural inputs livestock assets energy-savings stoves etc.

CITIZENS OF NIGERIA SCORE BUHARI ZERO ON SOCIAL INTERVENTION PROGRAMS WHICH ARE NON-EXISTENT!

Nigeria is ripe for LEADERSHIP REVOLUTION NOW! 

The way to go is a PARLIAMENTARY SYSTEM OF GOVERNMENT THROUGH REFERENDUM. Parliamentarians from all constituencies must be voted to take over affairs of governance in a most democratic manner and will choose from the winning party a PRIME MINISTER who will be responsible and accountable to the population in general.

Please share on internet and all social media platforms for larger coverage.  God bless Nigeria. Amen.

I am, yours sincerely, Dr. David B.A. Olufon, 08130669886, 08080243066. G-mail-dvdolufon@gmail.

BUHARI IS AN ADDICTED “TALAKA ALAGIDI”(VERY STUBBORN POOR MAN)!

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. 12.NO 492. 15th January 2023.} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

BUHARI IS AN ADDICTED “TALAKA ALAGIDI”(VERY STUBBORN POOR MAN)!

Electioneering campaigns of re-cycled political jobbers who are jostling for fresh elective offices in Nigeria are in top gear as the jamboree trains moved from one geo-political zone to another with fanfares dancing, rejoicings and felicitations as if all is well!

And whereas, all is not well at all!

1) Nigeria under this present administration of the old general Muhammadu Buhari has neither socio-economic foundation nor political structure/stature! 

2)  Buhari with his acceptable political clout of both “the Deliverer cum Messiah” in 2015, was expected to have changed the political scenario by introducing a UNICAMERAL LEGISLATURE STRUCTURE immediately on assumption of office most especially when the duo of ‘Bukola Saraki and Yakubu Dogara turned out to be turn-coats!

3) There was public outcry against the Senate and the House of Representatives members who turned out to be prodigal children involved in a lot of official wastages through overblotted salaries/allowances, purchases of foreign exotic vehicles etc.  They also perpetrated official corruption through oversight functions, budget padding and all manner of legislative abuses: and now they are back for business as usual dancing “BUGA” to show that they were above the Nigerian laws and the bogus military Constitution!

4) President Buhari's ineptitude in office manifested right from day one at the Eagle Square Abuja when he announced loud and clear:  “I am for everybody and I am for nobody.” That stance made him become odious to good administration and even when a West African neighbour like the Senegalese President shut down his Senate in order to shore up very scarce funds to succour the poor masses, Buhari turned deaf ears to the yearnings of the TALAKAWAS (poorest of the poor), whom he swore during his very desperate political campaigns from 2003-2015; and further in 2019 that he would defend with his last drop of blood! While Senegal has remained at peace, Nigeria boiled with fire and brimstones from internal insurgency, Boko Haram terrorism (now in the 14th year), brigandage, banditry, and massive bloodshed – especially when another round of elections WITH THE SAME OLD BOGUS MILITARY CONSTITUTION IS STILL IN PLACE!

5) Nigeria is DEBT-RIDDEN AND TOTALLY BROKE! The sum of ₦355billion naira allocated to the independent national Electoral Commission INEC is “GBESE” (borrowed money), and Mr. President and his cohorts shamelessly say that THE LENDERS SHOULD KEEP OFF THE FEBRUARY/MARCH 2023 GENERAL ELECTIONS!

NIGERIA IS THE WORLD BORROWING CAPITAL OF THE WORLD!

Aside from the sub-saharan and West African neighbours of Ghana Senegal, Mali, Chad, Guinea, Sierra Leone, Liberia e t c, Nigeria has borrowed money from virtually every country and financial institution of the world and its DEBT (DEATH CERTIFICATE AND PORTFOLIO), has climaxed over ₦71 trillion Naira inclusive of the Central Bank of Nigeria (CBN’s), WAYS AND MEANS illegal transaction which is still causing some ripples in the NATIONAL ASSEMBLY!

QUESTIONS:

1) Why would Nigerian FOREIGN LENDERS not have interest in the nations general elections?

2)  Why would they not put their mouth where their money is,? 

3) Why would they not be interested in who becomes the next leader from 29th May 2023?

4) What are the causes of insecurity and cross border crimes?

5)  Why should monies be borrowed to PAY SALARIES AND ALLOWANCES FOR POLITICAL OFFICE HOLDERS AND BY EXTENSION TO SECURITY OPERATIVES? 

6) Why should at least 40 local government areas in northeast/northwest still be under terrorist control and yet Mr. President and his kitchen cabinet are still beating their chests and boasting that elections would be held without let or hindrance in such places? 

7) Why are the politicians sceptical of the conduct of a free, fair, transparent and credible conduct of the 2023 elections and are calling for postponements by giving insecurity reasons? 

The politicians have the answers to all of the above questions. They know that with the introduction of a parliamentary system of government, all the fears expressed will vanish permanently!

BUT THE OLD GENERAL STILL BELIEVED HE POSSESSED THE CLOUT OF A MILITARY DICTATOR BY WARNING FOREIGN COUNTRIES TO KEEP AWAY FROM MEDDLING WITH THE 2023 GENERAL ELECTIONS!

While receiving Letters of Credence from Ambassadors of Switzerland, Sweden, Republic of Ireland, the Kingdom of Thailand the Republic of Senegal and the Republic of South Sudan at the State House, Abuja on Thursday 12th January 2023. 

Buhari also told the envoys to stay within limits and not seek to influence the country's elections. He called for cooperation and collaboration from the countries to overcome challenges in West Africa.

Earlier he said Nigeria was working closely with ECOWAS to deal with insecurity in the West African Region as well as implementing strategies to contain the spate of unconstitutional changes in government.

He however invited friendly countries to: “support efforts to address the problem of insecurity, fight against corruption, diversification of the economy and our efforts in promoting good governance.”

“I urge you to be guided by diplomatic practice to ensure that your activities remain within the limits of your profession as you monitor the build-up to the elections and the conduct of the General election itself.

“ I wish you all success in your respective roles of duty and at the same time encourage you to take time to enjoy the unique nature and culture at your disposal as you travel across our country.”

TALK is cheap but TRUTH is sacred! Does Mr.President possess such effrontery as leader of DEBT-RIDDEN NATION?

He has exposed his ineptitude to more ridicule internationally!

WHAT ABOUT INTERNATIONAL TREATIES, CONVENTIONS, OBLIGATIONS ETC.?

Nigeria has not only ECOWAS to contend with; what about the bilateral relations and agreements with other international bodies, countries and institutions?

For instance Nigeria could hardly close its borders for just one year in order to salvage whatever was left of Nigeria's internally generated revenues from agriculture and other social economic activities of mining, tourism, music, entertainment and even the SMSEs which should normally serve as the industrial backbone of the nation’s economy.

The pressures from ECOWAS was so enormous that Buhari had to yield ground even though he thought he could emulate CHINA! The result of his chickening out coupled with bad ECONOMIC TEAMS is what is being witnessed today!

We are now a nation for free-for-all marketing enterprise where even the very cunning, pretentious portfolio invaders and investors were having field day with the connivance of some unrighteous politicians at the expense of Nigeria's economy and ripping off free monies without remitting legitimate dues in all business transactions including payment of custom/excise duties to Nigerian authorities in cases of import and export or manufacturing!

SINCE 1999 GENERAL ELECTIONS IN NIGERIA HAD ALWAYS BEEN A DO-OR-DIE AFFAIR!

Every election since the beginning of Nigeria’s nascent democracy in 1999 when the military in khaki handed over to the military babanriga or agbada, all elections took the form of do-or-die according to ex-President Obasanjo’s veiled threat! 

But the victims as usual were the poor masses – especially the NIGERIAN YOUTHS who always doubled as political THUGS; whose blood is CRYING TO GOD GOT VENGEANCE!

God's will for a parliamentary system of government in Nigeria will be done at the appointed time. Amen.

[WATCH OUT FOR A NIGERIAN PRIME MINISTER – NOT A PRESIDENT IN 2023!]

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, Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08080243066. g-mail-dvdolufon@gmail.

NIGERIANS IN 40 YEARS SERVITUDE TO FOREIGN COUNTRIES - COURTESY BUHARI’S LEGACY!

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. 12.NO 491. 8th January 2023.} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA 

NIGERIANS IN 40 YEARS SERVITUDE TO FOREIGN COUNTRIES - COURTESY BUHARI’S LEGACY!

It will take Nigeria as a nation over 40 years  to exit its foreign and domestic loans which previous and present administrations covetously acquired to spite the faces of almost 200 million poverty-stricken citizens to whom dividends of democracy will remain a mirage without divine intervention!

According to the Debt Management Office (DMO), Nigeria’s debt profile was NGN44 trillion naira as at January 2023, and with the addition of “ways and means' CBN’s printed paper currencies debt balance of NGN 22.7 trillion will rise to above NGN 71 trillion naira by the time the old General departs office on 29th May 2023!

Disbursement of foreign or local loans according to international best practice should be targeted towards Education, Agriculture, Health, Tourism, Entertainment, infrastructural development to build strong institutions, strengthening of Small and Medium Scale Enterprises (SMSEs), sustaining formidable industrial production instead of indulging in mass consumption of finished products of other nations and ensuring that all citizens are profitably engaged to support the economy. 

But from 1999 to date beginning with Obasanjo and the host of them, late Umaru Yar’adua, Goodluck Jonathan and now retired Major-General Muhammadu Buhari, were only disposed to concurrent expenditures of payment of monthly salaries/allowances, doling financial bail-out to indigent States with BORROWED MONEY and also  subsidizing petroleum products which President Buhari himself described as fraudulent before and when he eventually assumed office – and which he had failed to remove in Eight Years!

WE HAVE BEEN BORROWING TO FUND PETROL SUBSIDY SAYS FINANCE MINISTER!

At the public presentation of details of the 2023 Budget, Finance Minister, Zainab Ahmed said government had been borrowing to fund fuel subsidy. She also said that petrol subsidy would remain up to mid 2023, the 18-month extension announced early in the year 2022 and that ₦3.36 trillion had been provided for the PMS subsidy up to June 2023.

As for APC presidential candidate ‘Bola Tinubu, “the fuel subsidy regime must end if he were elected as president”. He said subsidy was anti-poor and it must go.

 But for ‘Femi Adesina, presidential spokesman for Buhari, his principal could not remove the subsidy in his two terms because he had to contend with the Labour Unions and the people who were ready to create uproar; therefore government had to weigh its options because of the social consequences.

The conclusion of this discourse is that the entire eight-year of Buhari in office as President of Nigeria was totally fraudulent and should be probed for aiding and abetting financial crimes!

THE EIGHT AND FINAL 2023 DEFICIT BUDGET OF BUHARI IS ANOTHER ABOMINABLE DOCUMENT OF NATIONAL EMBARRASSMENT! 

*Debt Service is ₦6.5trillion naira. It is ₦29% of total expenditure and attracts an interest payment of ₦1.2trillion naira on “Ways and Means”.

*Capital Expenditure: ₦6.46 trillion naira which is 30% of total expenditure.

*Recurrent (non-debt) expenditure - ₦8.3 trillion naira.

*Statutory Transfer- ₦967.4 billion naira.

ANNUAL LEGISLATIVE PADDING BY HEARTLESS LAWMAKERS!

The deficit 2023 budget was increased from ₦20.5 trillion as presented to the National Assembly by Major General Muhammadu Buhari in October 2022, to ₦21.8 trillion, an increase of over ₦1.3 trillion naira!

The legislators also increased the Oil benchmark price from $70 to $75 in order to reflect the current international market values while daily Oil production was put at 1.69 million (bpd) barrel per day while exchange rate was pegged at ₦435 naira per dollar, in spite of noticeable hyper-inflation on goods and services not excluding Food Inflation/Insecurity!

The 2022 budget implementation was also extended to March 2023 for ongoing projects to be completed. But it is certain that in an election year when massive campaigns were taking place in all the six geo-political zones, all projects would be at a standstill.

 

But for certainty all unspent monies would definitely go into private pockets as planned instead of being returned into THE TREASURY SINGLE ACCOUNT (TSA)! 

Buhari noted at the signing ceremony of 3rd January 2023, that the National Assembly had padded the budget as usual by injecting new and additional revenues to the tune of NGN765.79 billion and an unfunded deficit of NGN 553.46 billion, but still went ahead to sign the debt-ridden document!

He noted that the National Assembly introduced new projects into the 2023 budget proposal for which it had appropriated NGN770.72 billion. The Legislators also increased the provisions made by Ministries Departments and Agencies by NGN58.55 billion naira!

Buhari’s reason of assent to the FORGED DEFICIT DOCUMENT was officially premised on avoidance of DELAY IN IMPLEMENTATION; but on the other hand the outgoing General subtly reminded the THIEVING LEGISLATORS to approve the securitisation of the “WAYS AND MEANS” balance of ₦22.7 trillion naira in order to avoid paying another interest of about ₦1.8 trillion in 2023, and also to convert the Central Bank of Nigeria overdrafts to his administration long time bonds.

According to newspaper report in December 2022, President Buhari in a letter sought approval to turn  the ₦22.7trillion naira or USD$53 billion dollars worth of the Central Bank loans to government; to a 40-YEAR-BOND AT 9% INTEREST INCLUDING AN EXTRA ONE TRILLION NAIRA LOAN TO THE GOVERNMENT FROM THE BANK!

THE BUDGET BREAKDOWN!

*BUDGET DEFICIT: ₦11.34 TRILLION NAIRA – representing 5.03% of Gross Domestic Product (GDP), which is an indictment on the already battered economy; it is also to be financed from BORROWINGS!

*REVENUE. Total Revenue is at ₦10.49 trillion naira which includes the gross revenues of 63 government-owned enterprises totaling ₦3.87 trillion.

 Federal Government Revenue share is projected at ₦2.29, Non-Oil taxes are estimated at ₦2.43 trillion and Federal Government’s Independent revenues are projected to by ₦2.62 trillion naira. Other revenues total ₦7.62 billion naira.

In aggregate, 22% are projected revenues  expected from Oil-related sources while 78% is to be earned from non-oil resources. The non-oil sector had always carried the larger burden of annual budgets even though CRUDE OIL is the petrol dollar earner!

EXPENDITURES: Fresh borrowing to be sourced from the Apex Bank to fund projects according to fillers from the National assembly. Loan servicing is higher than Internally Generated Revenues – an indication that there was virtually nothing on ground to meet SOCIAL INTERVENTION PROJECTS (allocated a paltry – (to-be-borrowed), ₦4.005billion), as highlighted to deceive the TALAKAWAS!

BONA FIDE CITIZENS OF NIGERIA WILL NOT KEEP QUIET! THEY WILL FIGHT FOR THEIR FUNDAMENTAL RIGHTS!

Buhari and his cabal may think they have succeeded to desecrate Nigeria and would get away with their illicit gains – the answer is NO!

 FOR all those who are clamouring to be president of Nigeria, they can carry on with their wishful thinking but the Will OF THE of the LORD WILL BE DONE AT THE APPOINTED TIME!

Nigeria is a country flowing with milk and honey but the Wolves the Baboons might have predated the entire land and its resources BUT THEY CANNOT STOP THE DAY OF JUDGEMENT WHICH IS AT THEIR DOORSTEPS

 They should be ready to give account of their stewardship to the ALMIGHTY GOD who will at his divine time ESTABLISH A UNICAMERAL PARLIAMENTARY SYSTEM OF GOVERNMENT THROUGH REFERENDUM AND A PRIME MINISTER AND  PARLIAMENTARIANS WORKING TOGETHER FROM THE GRASSROOTS TO PRESENT TO HIM THE NIGERIA OF OUR COLLECTIVE DREAMS

[WATCH OUT FOR A NIGERIAN PRIME MINISTER – NOT A PRESIDENT IN 2023!]

 

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, Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08080243066. g-mail-dvdolufon@gmail.

NIGERIA’S “WAYS AND MEANS” ADVANCES SCHEME IS THE VOLUME OF WATER IN A BASKET!

ZION B-BC

 NEWSLETTER.   

 

A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria {Vol. 12.NO 490. 1st January 2023.} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

NIGERIA’S “WAYS AND MEANS” ADVANCES SCHEME IS THE VOLUME OF WATER IN A BASKET!

(NEW YEAR 2023 EDITION)

TWENTY-FOUR consecutive years of fiscal mismanagement of the Nigerian Economy by both military/political merchants at the seat of power have resulted to the printing of naira currencies termed (“Ways and Means Advances”), to cushion shortfalls and inadequacies in annual budget expenditures. 

But in actual fact did the “scheme” bail out Nigeria out of fiscal doldrums? Of course no! From 1997 when the scheme was introduced by the military the economy nose-dived into a Banana Republic scenario! Ex-president Ebele Jonathan passed the baton to Uncle Muhammadu Buhari in 2015 and at as the last count, the sum of NGN23.7 trillion naira had been collected from the official printer/collaborator, the Central Bank of Nigeria (CBN)! The abused scheme has now become an albatross to the outgoing Major General Muhammadu Buhari, who desperately wanted Senate approval to RESTRUCTURE its repayment. 

Balance of the humongous debt of Ways and Means as at 19th December, 2022, was NGN22.7trillion. When Uganda’s late military Head of State, Idi Amin Dada’s government in indulged in the scheme, the nation’s currencies became worthless and was described among global economy stake holders as “mere toilet tissue papers”

FG TO REPAY NGN20 TRILLION “WAYS AND MEANS” LOAN WITH TREASURY BILLS.

In October 2022, Zainab Ahmed minister of finance budget and national planning in Abuja while giving a breakdown of the 2023 appropriation bill told Nigerians that the Federal Government had borrowed from the CBN through ways and means to meet short falls in fiscal expenditure. 

She also said President Major General Muhammadu Buhari approved the securitisation of the NGN20 trillion debt.

But in a letter read at plenary on Wednesday 28th December 2022, the President mentioned a figure of NGN23.7trillion as the total amount secured from the apex Bank in the last 10 years and requested that the securitization to cover a period of 40 YEARS with a Moratorium on principal repayment, three years; and Pricing interest rate at 9%!

A Supplementary Budget of NGN819.5billion was also submitted to be passed alongside the NGN.20.51 trillion 2023 Appropriation Bill.

attention was given to the request by the President’s  National Assembly surrogate, Senate President Ahmed Lawan, who ensured a second reading with specific order for the Committee on Finance to expedite action on it!

But some Senators have faulted the un-orthodox, illegal and very suspicious transaction which they described as “unknown to the Nigerian law” and urged the House to step it down until lawmakers got more details on whether the expenditure complied with Sections 80, 81, 83, 113(1) of the Constitution of the Federal Republic of Nigeria, 1999 as amended and Section 38 of the CBN Act.

In summary, the various sections provided that all revenues and monies raised or received by the Federation…… shall be paid into and form one consolidated revenue…..from which no money shall be withdrawn….. except authorised by an appropriation, supplementary, or an Act of the National Assembly.

 Senator George Sekibo (PDP Rivers East), who was the arrowhead of the opposition to the President’s request insisted that Section 38 of the CBN Act stipulated that “ways and means” advances MUST be refunded before another could be collected and that since the law was already breached, the request must be denied!

SENATE APPROVED NGN819 BILLION TO BE EXCISED FROM NGN1 TRILLION NAIRA WAYS AND MEANS TO FUND 2022 SUPPLEMENTARY BUDGET!

DOCTRINE OF WAYS AND MEANS!

The doctrine of “Ways and Means” is the most unorthodox process to destroying the economy of any nation that is in dire straits of funding its annual budgets from internally generated revenues.

They are loans or advances by the CBN to the Federal Government to enable it to cater for short-term emergency finance to fund delayed receipt of fiscal deficits.

AHMED LAWAN: SENATE PRESIDENT BOWED TO PRESSURE TO STEP DOWN THE EXECUTIVE BILL!

“We have stood down the consideration of the ways and means restructure. We did so as a body because we didn't get the kind of information that we considered necessary as important for us to take a major decision as this without any let or hindrance.

“We have set up a special committee headed by the Senate Leader and in the membership you have the Committees of Finance, Appropriation, Foreign and Local Debt and Banking to collect all the necessary information.

“And I want to use this opportunity to urge the Executive arm of government especially those agencies that will be invited to appear before these Special Committees to cooperate by bringing the right kind of information that we need to be guided properly.

Senate on Wednesday 28th December 2022, passed the 2023 national budget of NGN21.8trillion and for the fourth consecutive time since 2019, maintained the January to December Budget cycle.

It also on the request of the executive approved an extension of the expiration clause of both the 2022 Appropriation Act and the Supplementary Budget to the 31st March 2023 to allow for full capital releases as contained in the two appropriations.

What this move portends is another door of institutional corruption for the Executive to mop and divert all unspent funds to private pockets instead of RETIRING SUCH MONIES INTO THE TREASURY SINGLE ACCOUNT (TSA)!

However, the Senate leader Ibrahim Gobir supported the clandestine move by stating as follows: “In view of the critical importance of some key projects nearing completion, it is expected to grant the extension of the expiration clause to avoid compounding the problems of abandoned projects, given that some of the projects were not provided for in the 2023 budget.”

The Senate has adjourned to January 17 2023.

NIGERIANS HAVE THE RIGHT TO KNOW THAT THE PRINTED MONIES WERE USED:  1. TO PAY SALARIES; 2. TO BAIL OUT STATES THAT ARE BROKE; AND 3. TO WHET THE APPETITE OF THE EXECUTIVE IN CONCURRENT EXPENDITURES OF ALLOWANCES/ESTACODES THAT MUST NOT FAIL!

The following consequences of money printing and excessive borrowing for frivolities:1. Hyper-inflation on cost of living; 2. Abject poverty, 3. Food insecurity, 4. Inflation on goods and services etc.

Must Nigeria continue in PRODIGALITY while the CITIZENS are dying of HUNGER? We need a PARLIAMENTARY SYSTEM OF GOVERNMENT to bail us out from the clutches of this predators who are pretending to be leaders of this nation!

  

We need a UNICAMERAL PARLIAMENTARY CONSTITUTION  THROUGH REFERENDUM! ANTAGONISTS of referendum will say it is too late and too close to the February 2023, General Elections! We disagree! REFERENDUM IS A ONE DAY EXERCISE AND ALL DECISIONS BECOME LAW WITH IMMEDIATE EFFECT!

 NIGERIA NEEDS A PRIME MINISTER AND AND PARLIAMENTARIANS to be elected at the General Elections coming up in February 2023! By his grace it is possible! Amen.

[WATCH OUT FOR A NIGERIAN PRIME MINISTER – NOT A PRESIDENT IN 2023!]

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, Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08080243066. g-mail-dvdolufon@gmail.