IS TINUBU'S PRODIGIOUS SQUADERMANIA AGENDA THE RENEWED HOPE FOR THE CITIZENS?

ZION B-BC

 NEWSLETTER.   

 

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 12. NO 524. 27th August, 2023.} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

IS TINUBU'S PRODIGIOUS SQUADERMANIA AGENDA THE RENEWED HOPE FOR THE CITIZENS?

A shameless generation of Nigerian political jobbers mounted the stage again on Monday 21st August 2023 as Federal Ministers who according to the President's spokesman had not been convicted of any crime. However the Citizens have loads of corruption allegations against many of them!

And in spite of a cacophony of public outcry against a large number of 45 Ministers who are definitely round pegs in square holes, yet Mr. President 'Bola Ahmed Tinubu went ahead to swear them with defiance and impunity with various portfolios that were at variance to their acclaimed disciplines! Definitely priority was given to political patronage as re-cycled Governors of the 1999 SET to which BAT belonged carried the day with pomp and pageantry as families/friends and business associates of the AWARDEES romped well-organized, lavish and sumptuous parties to celebrate the show of SHAME!

And yet BAT is determined to fight and destroy the Corruption Monster as enunciated in his 8-point Agenda, just as done by his predecessor in office?

BREAKING NEWS: APART FROM 20 SPECIAL ADVISERS, THE NEW MINISTERS IN THEIR 4-YEAR-TENURE WILL COLLECT A WHOPPING SUM OF NGN8.6 BILLION NAIRA IN SALARIES/ALLOWANCES ACCORDING TO OFFICIAL SOURCES!

Any person who accepts political appointment under the current Nigeria's Presidential system is not only a thief, BUT a rogue and a vagabond and should be apprehended and prosecuted for aiding and abetting criminality!

It is an open secret that Presidential system of government in any developing nation is an abomination because it is too expensive to run! Nigeria needs a UNICAMERAL PARLIAMENTARY SYSTEM of government to overcome the current challenges of INSECURITY and ECONOMIC STRANGULATION when all hands are on deck through PARLIAMENTARIANS FROM AMONG THE GRASSROOTS!

Tinubu and his oligarchic cohorts now in government are knowledgeable of this solution, BUT would rather look the other way in other to satisfy their covetousness and self aggrandizement at the expense of the poor masses who are murdered everyday by Boko Haram Frankenstein's Monsters created by them! Should the Citizens remain docile and allow further manipulation under the current recycled set of the same old unrepentant politicians who MUST shamelessly DIE IN OFFICE?

The Federal Capital Territory (FCT) Minister is already boasting of how he would demolish about 6,000 structures in order to perpetuate the Abuja Master Plan! Question: Why would most Citizens subject themselves to the evil machinations of the oligarchy and continue to recycle them every 4-year only to be given the short end of the Stick to hold? 

Question: Are they jinxed, jazzed or mesmerized or out rightly inundated by the dubious credentials being flaunted by these evil geniuses? Nigeria's 1999 Constitution states that the only educational qualification a Citizen needed to become president, governor, legislator or minister is a School Certificate passed or failed as obtains in Osun State, South West Nigeria!

Question: Are the Citizens a bunch of illiterates who love the sound of Ph.D? That once a politician flaunted a Ph.D Certificate that they became so excited and got carried away in adulation? The drama of the election of the current Speaker of the House of Representative is a point in reference - everyone who voted on 13th June 2023, for Tajudeen Abbas, chorused Ph.D gleefully!

There is a cliche that illiteracy is embedded in the Nigerian DNA! That to confuse an average Nigerian, he should just be communicated through a printed book and he becomes completely lost! TRUE OR FALSE? Presidential system of government in any developing country is a CURSE! IT IS NEITHER DEMOCRACY NOR FEDERALISM!

 DEMOCRATIC GOVERNANCE is the UNICAMERAL PARLIAMENTARY SYSTEM which is COST-EFFECTIVE as it allows for all democratic norms to fester from grassroots to the Central government. But BOLA TINUBU'S Advisers and Kitchen Cabinet's Members will collect humongous salaries on monthly basis without having any infrastructures on ground that are commensurate to show for the monies appropriated!

Everyone knows that the 21st Century governments of successful economies of the world are driven by TECHNOLOGY, SCIENCE AND ENGINEERING but what obtains in Nigeria is ANALOGUE ADMINISTRATION OF SPENT RE-CYCLED POLICY MAKERS who have virtually transported Nigeria back to the STONE AGE BACKWARDNESS!

Nigeria's INDEBTEDNESS to foreign Nations has become a constant embarrassment because those loans CANNOT BE REPAYED IN THE NEXT 40 YEARS except an acceptable government of GRASSROOTS PARLIAMENTARIANS ARE VOTED TO POWER THROUGH REFERENDUM!

BOLA TINUBU HAS ADDED PEPPERS TO INJURY BY ACQUIRING USD$3 BILLION FOREIGN LOAN TO THE NGN46.25 TRILLION NAIRA UNPAID DEBT STOCK!

In a desperate bid to prove that he could turn the tide around after many gaffes since his inauguration: 1. Tinubu instead of stemming Oil Theft that had drastically reduced Nigeria's Crude output to a mere 1.8 million barrels per day instead of 2.2 million to earn more Forex and 2. To repair the FOUR moribund Refineries to come onstream and ERADICATE FURTHER IMPORTATION OF FINISHED PETROLEUM PRODUCTS which has continued to deplete the nation's very low FOREIGN RESERVE encouraged NNPC Ltd. (The famous Four Towers of Corruption) acquire the ACCURSED LOAN only for the poor to suffer the more without palliatives through CNG Buses, Cars, Trucks to improve movement of goods and services!

ALL PROMISED PALLIATIVES ARE PAPER TIGERS WHILE THE USD$3 BILLION DOLLARS ARE SAFELY STATCHED ASIDE TO CATER FOR THE NEEDS OF HIS AIDES AND LIEUTENANTS!

On 20th August 2023, the NNPCL explained off how the FOREIGN LOAN FACILITY collected through the Cairo-based Afrexim Bank would serve as buffer and be disbursed to favour Nigerian POOR MASSES as follows:

What is the $3bn loan about?

The NNPC Ltd secured an emergency $3bn crude oil repayment loan from Afreximbank. This is not a crude-for-refined product swap but an upfront cash loan against proceeds from a limited amount of future crude oil production.

Is this loan risky for NNPC ltd or the Nigerian treasury?

No. The exposure for NNPC Ltd is very limited, covering just a fraction of their entitlements. Additionally, there are no sovereign guarantees tied to this loan.

What’s the benefit of this loan to Nigeria?

The loan will assist NNPC Ltd in settling taxes and royalties in advance. It will also equip the Federal Government with the necessary dollar liquidity to stabilize the Naira, with limited risk.

How will the loan be disbursed?

The funds will be released in stages or tranches based on the specific needs and requirements of the federal government.

Will this loan affect fuel prices?

As strengthened Naira as a result of this initiative will lead to a reduction in fuel costs. This means that if the Naira appreciates in value, the cost of fuel will drop, and further increases will be halted.

What about subsidies? Are they coming back?

No. a stronger Naira will result in lower prices from the current level, making subsidies unnecessary. The deregulation policy remains unchanged.

How will the loan be repaid?

The loan will be repaid against a fraction of proceeds from future crude oil production. It’s a strategic move that ensures a balance between our current economic needs and future production capabilities.

What is the difference between this and previous swap deals?

This is not a crude oil for refined products agreement where the government does not earn any proceeds from the swap.

Is this ‘Ways and Means 2.0’?

Absolutely not. NNPC Ltd is not in the business of printing money and is not a Central Bank. NNPC Ltd is borrowing from third party institutions to repay its taxes and royalties to the treasury (which it would have normally paid) in advance.

The NNPC Limited also urged those who seek further clarification and update on its $3bn Emergency Crude Repayment Loan from Afreximbank, to check the official social media channels of the NNPC Ltd and the government of Nigeria.

WE WILL NOT KEEP QUIET UNTIL THE RIGHT ADMINISTRATORS OF TRUE DEMOCRACY EMERGE FROM AMONG THE GRASSROOTS IN A UNICAMERAL PARLIAMENTARY SYSTEM OF GOVERNMENT.

Tinubu will NOT get away with this SCAM labeled as "Renewed Hope". He cannot administer Nigeria like Lagos State through ALPHA BETA CONSULTANCY! This is balderdash! "The Soul that sinneth shall surely die!" This is the Word of God!

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