ZION B-BC
NEWSLETTER.
A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 13. NO 566. 25th August 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!
FUEL SUBSIDY IS BACK UNDER PSEUDO NAMES OF "UNDER RECOVERY'" & "SHORTFALL"!
The long -awaited PMS (Premium Motor Spirit) will flow from the Federal Government ''s Port Harcourt Refinery for public consumption from the month of September 2024 according to official sources!
The September date is the umpteenth since the departure of the past APC Administration which awarded a whooping USD$1.5billion dollars for another round of "maintenance"! In the meantime President Bola Tinubu had secretly returned FUEL SUBSIDY without much publicity BUT failed to reverse the Pump Price to NGN195 NAIRA PER LITRE!
In our several past publications, WE advised that if he made a U TURN, Heaven Would Not Fall BUT his apologists confused him with falsehoods that:
* Nigeria's economy would come to a standstill if the unilateral declaration was reversed.
*That government would not be able to deliver socio-economic contracts and obligations like debt-servicing, compulsory remittances to global sub-regional bodies etc. on regular basis.
*Fresh insecurities would emerge in preventing smuggling of petroleum products to neighboring countries along the nation's porous borders.
*That outstanding debts that were due to offset previous importations would accumulate.
*That artificial fuel scarcity would ensue because private importers that were enjoying the new prices N700-N1,000 naira per litre of PMS "according to international market forces", would hoard the products and created fresh artificial scarcity and that the masses would be worse for etc.!
Apologists are professional opportunists who would always create the worst scenarios to justify their appointments and pecuniary gains even at the peril of sub-consciously. or deliberately instigating imminent civil disobedience that could be diplomatically avoided!
AND THEY SUCCEEDED IN DECEIVING THE PRESIDENT WHO HAD BEEN OUT OF CIRCULATION FOR 15 YEARS (2007-2023),TO REMAIN ADAMANT! BUT EVERY LIE HAS A TERMINAL DATE!
BELOW ARE RECENT MEDIA REPORTS:
CABLE NEWS: After denying return of subsidy, NNPC finally confirms payments!
AUGUST 19, 2024.
The Nigerian National Petroleum Company (NNPC) Limited says the federal government owes it N7.8 trillion for petrol subsidy. NNPC’s disclosure comes after denying the existence of petrol subsidy again on Monday 19th August 2024.
The Cable had reported that President Bola Tinubu approved a request by NNPC to utilise the 2023 final dividends due to the federation to pay for the petrol subsidy.
August 15, 2023, The Cable reported that President Bola Tinubu was considering a “temporary subsidy” on petrol as crude oil prices and foreign exchange rates.
However, Ajuri Ngelale, presidential spokesperson, said there was no reintroduction of subsidy. Also, on January 3, NNPC denied the return of petrol subsidy, saying it had been removed entirely!
PREVIOUSLY NNPC Ltd. on 20th August 2023, one year ago, had said
when it secured a USD$3bn foreign loan facility through Cairo -based Afrexim Bank that the, deregulation policy remained unchanged but that a stronger Naira would result in lower prices and serve as BUFFER and be disbursed to favor Nigerian poor masses.
It is an emergency CRUDE OIL REPAYMENT LOAN and not a CRUDE-FOR-REFINED PRODUCT SWAP but an upfront cash loan against proceeds from a limited amount of future crude oil production according to the organization and that there were no SOVEREIGN GUARANTEES tied to the loan!
BUT PRESENTLY, Umar Ajiya, NNPC’s chief financial officer, during a media briefing on the company’s 2023 audited financial statements (AFS) in Abuja, said the company was only “taking care of the SHORTFALL ON PETROL IMPORTATION BETWEEN IT AND THE FEDERATION ".
After the public denial, Ajiya told BLOOMBERG, after the company announced its results, that NNPC is owed N7.8 trillion ($4.9 billion) by the government in subsidy debts from January to July.
Ajiya said the government will allow NNPC to offset about N2.2 trillion it owes the country against the subsidy debt.
In June, when fiscal policy documents were in circulation, which cited N5.4 trillion petrol subsidy provision for 2023, Wale Edun, minister of finance and coordinating minister of the economy, said the documents WERE NOT APPROVED BY THE GOVERNMENT!!!
THE UNDENIABLE TRUTH IS IN THE OPEN!
Tinubu Approves NNPC’s Request To Use Dividends To Pay Subsidy, As Fuel Subsidies Gulp N6.8Trillion
August 19, 2024, BUSINESS DAY NEWS:
The report which is based on a forecast from NNPC, obtained by the newspaper, indicated that the total petrol subsidy expenses from August 2023 to December 2024 will amount to N6.884 trillion, leaving the company unable to remit N3.987 trillion in taxes and royalties to the federation account.
NNPC LTD. IS THE SOUL IMPORTER OF PMS FROM OVERSEAS!
Despite many denials by the Nigerian government on non-payment of fuel subsidies, President Bola Tinubu has given approval to the Nigerian National Petroleum Company (NNPC) Limited to use the 2023 final dividends owed to the federation to cover the cost of petrol subsidies, Business Day reports. The president reportedly approved a halt on the payment of 2024 interim dividends to the federation to help boost NNPC’s cash flow. The NNPC informed the president that due to the subsidy payments, it is currently unable to pay taxes and royalties into the federation account, REFERRING TO THIS AS A “SUBSIDY SHORT/FALL AND DIFFERENTIAL"
The exact number of dividends that would be withheld or put on hold could not be verified according to the newspaper.
THE PRESIDENT COULD STILL REDEEM HIS DWINDLING IMAGE BY DOING THE NEEDFUL:
*Announce reversal of PMS pump price to N195 naira per liter.
*Employ prerogative presidential fiat for DANGOTE REFINERIES TO COMMENCE OPERATIONS AND REMOVE SCARCITY ACROSS THE COUNTRY PERMANENTLY!
*Wage colossal war and eliminate OIL THEFT GANGS & OIL BUNKERING in the Niger Delta Region to meet OPEC daily production mark of TWO MILLION barrels per day, shore up Nigeria’s Foreign Exchange (FOREX), earnings and increase the inadequate Gross Domestic Product (GDP) figure!
*Deploy special Military Forces to the UNGOVERNED AREAS OF THE NORTH EAST occupied by BANDITS and eliminate them for farmers to return to the land and boost AGRICULTURE!
*Reduce cost of governance by cutting to two-thirds current humongous salaries & allowances of the THREE-TIER!
*Return the NGN160billion Presidential Aircraft and the NGN5billion naira First Lady Luxury Yatch & redeploy the funds to social infrastructures for the masses!
*Urgently address the PATRIOTS PROPOSALS FOR A PEOPLE'S CONSTITUTION THROUGH A CONSTITUENT ASSEMBLY AND REFERENDUM!
President Tinubu promised RENEWED HOPE FOR NIGERIANS. HE SHOULD FULFILL HIS PLEDGE!
"A stitch in time saves nine"!
[EXPECT A PRIME MINISTER IN NIGERIA NOW!]
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, 08058436756. g-mail-dvdolufon@gmail.
No comments:
Post a Comment