CURRENCY SWAP WITH CHINA MAYSOLVE TRADE IMBALANCE NOT INDEBTEDNESS!

   ZION B-BC

 NEWSLETTER.

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 14. NO 587. 19th January 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

CURRENCY SWAP WITH CHINA MAY

SOLVE TRADE IMBALANCE NOT INDEBTEDNESS!

Nigeria's huge indebtedness to China coupled with loop sided trade imbalance in favor of the latter portend grave danger to Nigeria's sovereignty now and in the future as We have consistently elucidated!

Neo-colonialist tendency is an addiction to foremost developed nations and the Peoples Republic of China is not an exception China is a Shylock when it comes to business. China is not a Father Christmas and will go to any length to recover loans to foreign country as at when due.

External loans terms and agreements are always followed strictly to the letter by this very industrious nation that is determined to out-shine the United States of America in all areas of business activities: industry manufacturing, technology, rocket science etc. China has no penchant for defaulters when it comes to recovery of loans to which strict adherence to terms and agreements must be religiously adhered.

In some countries where it faced challenges in loans recovery, strategic infrastructures which were products of the acquired funds would be taken over to recover moneys with interest. The currency swap initiated in May 2018 between the Central Bank of Nigeria and the People's Bank of China (PBOC) was valued at renminbi RMB 16 billion which is about $2.5 billion dollars. It was designed to provide the Chinese and Nigeria currency directly to industrialist and other businesses from both countries.

The deal which commenced in 2018 and renewable every three years was renewed in 2021 to terminate in 2024 to boost bilateral trade as it cuts reliance on dollar transactions between the two nations.

According to Bloomberg, China was Nigeria’s biggest trade partner in 2023, ahead of the United States and the facility was to strengthen financial cooperation and expand the advantageous use of the Nigerian and Chinese currencies. With this deal the direct exchange of the Chinese Yuan and Nigerian naira will be seamless, providing an alternative to the reliance on the US dollar and reducing transaction costs in trade between the two nations.

WHAT IMPACT WOULD THE DEAL HAVE ON NIGERIA'S MIS-MANAGED ECONOMY?

China and Nigeria have a large trade relationship, with China exporting more to Nigeria than Nigeria exports to China. China is Nigeria's largest export market in sub-Saharan Africa, and Nigeria is one of China's largest export markets globally. Main products traded between China and Nigeria are as follows:

China to Nigeria: Manufactured goods like non-knit women's suits, rubber footwear, broadcasting equipment, electronics, phones, laptops, and kitchen utensils

Nigeria to China: Primary products like petroleum gas, crude petroleum, and lead ore which implies trade imbalance because China exports more to Nigeria than Nigeria exports to China! Nigeria's economy is becoming dependent on cheap foreign imports, which has led to a decline in Nigerian industry. In previous publications we had emphasized that the relationship between China and Nigeria had raised concerns about potential economic and political influence from China in the region.

CHINA'S FOOT PRINTS ARE ALL OVER AFRICA!

China as the second largest global economy has in the last two decades intensified efforts to dominate Africa from Cape to Cairo and from Mauritania to Ethiopia through capital investments in their strategic infrastructural projects like railways, hydro dams, sea ports, air ports etc!

Apart from construction of rail tracks, China has invested in Nigeria’s communications satellite projects and

has provided technical aid and training to Nigeria in the agricultural sector.

Previous Loans obtained from China according to the Debt Management Office (DMO), were disbursed as follows:

"The USD3.121 billion Loans are project-tied Loans. The projects, (eleven – 11 in number as at March 31, 2020), include: Nigerian Railway Modernization Project (Idu-Kaduna section), Abuja Light Rail Project, Nigerian Four Airport Terminals Expansion Project (Abuja, Kano, Lagos and Port Harcourt), Nigerian Railway Modernization Project (Lagos-Ibadan section) and Rehabilitation and Upgrading of Abuja – Keffi- Makurdi Road Project. See a Full List of the Projects at www.dmo.gov.ng.

"The impact of these Loans is not only evident but visible. For instance, the Idu – Kaduna Rail Line has become a major source of transportation between Abuja and Kaduna. Also, the new International Airport in Abuja, has improved air transportation for the populace, while the Lagos – Ibadan rail line when completed, will ease traffic on the busy Lagos -Ibadan Expressway. "The projects also have the added benefits of job creation, not only by themselves but through direct and indirect service providers, a number of which are Small and Medium Enterprises. It is widely accepted that investment in infrastructure is one of the most effective tools for countries to achieve economic growth and development. Using Loans from China to finance infrastructure is thus in alignment with this position.

What Is the Process by which the Loans were Obtained?

"The principal process and requirements for borrowing by the Government are expressly stated in the Debt Management Office Establishment (ETC) Act, 2003 (DMO Act) and the Fiscal Responsibility Act, 2007. Section 21 (1) of the DMO Act, “No External loan shall be approved or obtained by the Minister unless its terms and conditions shall have been laid before the National Assembly and approved by its resolution” and Section 41 (1a) of the FRA, “Government at all tiers shall only borrow for capital expenditure and human development, provided that, such borrowing shall be on concessional terms with low interest rate and with a reasonable long amortization period subject to the approval of the appropriate legislative body where necessary”, are instructive in this regard"

MAJOR BILATERAL TRADING PARTNERS.

China and Nigeria have been major bilateral trading partners in recent times. While primary products dominate Nigeria's trade with China, China's in 2022, exported $21.4B to Nigeria. The main products that China exported to Nigeria were Non-Knit Women's Suits ($792M), Rubber Foot wears etc.

With just a meager nine percent overall fertile land, China's formidability exemplified in her agricultural and food policies has afforded her the capacity to feed her population and to export. But Nigeria with vast arable lands had woefully failed to invest heavily in AGRICULTURE!

As at the last quarter of 2024, the benefits of Nigeria's connection with China had finally become very visible in Lagos, Onitsha, Aba, Kano, and nearly any Nigerian market, one may find Chinese Markets, Restaurants, Schools,etc. Over the past five years the exports of China to Nigeria have increased at an annualized rate of 11.9%, from $12.2B in 2017 to $21.4B in 2022. In 2022, China did not export any services to Nigeria. Nigeria-China Trade: In 2022, Nigeria exported $1.52B to China.

In the month of March 2024, Nigeria owed China $5.05 billion in bilateral debt and Nigeria's external debt reached $42.9 billion in June 2024.

TO BREACH THE TRADE IMBALANCE BETWEEN THE TWO COUNTRIES CRITICAL INFRASTRUCTURES SHOULD TAKE THE FRONT BURNER AND NIGERIA MUST JOIN BRICS!

Special credits must be given to human rights lawyer and activist Chief Femi Falana (SAN). who took up the challenge following several delays of implementing the swap deal and insisted that Nigeria should take advantage of also joining BRICS comprising of Brazil, Russia, India, China, and South Africa who had all agreed to trade with their Nations currencies for greater gains and to minimize extravagant cost of goods and services to the economic advantage of their citizens. The swap was also designed to improve the spread, convenience and volume of transactions between the two countries and to their advantages. But as usual the meddlesome global interlopers the International Monetary Fund (IMF), and the World Bank (WB), which had colluded with the Central Bank of Nigeria (CBN), tried to frustrate the currency swap! We will continue to monitor the recent development of this swap deal between Nigeria and china closely but we know that except this government of President B ola Tinubu yields to the wishes of the generality of the Citizens to begin the implementation of a new CONSTITUTION FOR A ONE HOUSE UNILATERAL PARLIAMENTARY CONSTITUTION FOR NIGERIA that will eliminate wastages and opulence in government, the positive results of the swap will be infinitesimal!

Tinubu has only one choice - to obey the demand of the Citizens of Nigeria who have the SOVEREIGNTY!

 [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.

BILLIONAIRE TINUBU MUST STOP RECOVERED DEZIANI LOOTS FROM BEING RE- LOOTED!

   ZION B-BC

 NEWSLETTER.   

 

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria.  {Vol. 14. NO 586. 12th January 2024} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

BILLIONAIRE TINUBU MUST STOP RECOVERED DEZIANI LOOTS FROM BEING RE- LOOTED!

There was a ceremonial leader of the  All Progressives Congress (APC), Government from 2015 to 2023. His name is Alhaji Bola Ahmed Tinubu who now happens to be the current President of the Federal Republic of Nigeria.

HIS WIFE SENATOR REMI TINUBU SAYS THEY ARE NOT IN GOVERNMENT TO MAKE MONEY BECAUSE THEY ARE BILLIONAIRES IN HARD CURRENCIES!

Alhaji Tinubu shocked Nigerians to the marrow when in 2022 he claimed that it was his turn to govern Nigeria. It sounded initially like a joke but turned out to be a calculated strategy by the "Chicago Accountant" who had a secret succession agreement with his predecessor whom he BANK - ROLLED IN 2015 TO WIN THE PRESIDENTIAL ELECTION!

Like Father, like Son! President Bola Tinubu

on assumption of office in May 2023  promised to continue the corrupt legacy bequeathed to him by Papa Buhari who looked the other way while RECOVERED LOOTS WERE RE-LOOTED BY HIS CRONIES!

During Major General Buhari's tenure in the year 2022 the Recovered Abacha Loots totaling a sum of USD$3.65 billion dollars in 24 years was recklessly diverted through PRESIDENTIAL FIAT WITHOUT DUE FINANCIAL DISBURSEMENT PROCESS TO BE EXPENDED ON UNSPECIFIED "RURAL DEVELOPMENT"

AND THE MONEY WAS RE-LOOTED INTO PRIVATE POCKETS!

The total amount of looted funds recovered from late Head of State, General Sani Abacha are as follows:

1) In 1998, a total of $750 million was recovered from the late Head of State’s family;

2) In year 2000, $64 million was recovered from Switzerland; 

3) In 2002 – $1.2 billion was recovered from the Abacha family;

4) I n 2003, $160 million and $88 million were recovered from Jersey and Switzerland respectively, and; 

5) I n 2005 another $461.3 million was returned back to the country from Switzerland.

6) Also, in 2006, Nigeria was also fortunate to have received another $44.1 million from Switzerland; 

7) In 2014 – $227 million was recovered from Liechtenstein; 

8) I n 2018 another $322 million from Switzerland;

9) In 2020 a total of $311.7 million was repatriated from the USA and 

10) Inclusive also was an agreement signed for another $23 million to be sent from the United States of America!

The Federal Government of Nigeria and the United States of America eventually signed an agreement for the repatriation of $23 million, being assets looted by late Head of State, General Sani Abacha.

In his remark at the signing in Abuja, the then Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, said that since the year 2016, his Ministry, the United Kingdom National Crime Agency (UK NCA), and United States Department of Justice (USDOJ) had worked closely with the legal representatives of the Federal Government to finalize litigations related to the Abacha linked assets.

But to date there is no accountability from any source to establish the judicious expenditures of the recovered sums!

THE SAME SCENARIO IS PLAYING OUT NOW IN THE TINUBU'S ADMINISTRATION!

A former Minister for Petroleum Resources Mrs.Deziani Allison-Madueke, under President Goodluck Jonathan's PDP Administration who escaped to the United Kingdom to avoid prosecution on multiple accusations of massive corruption in the Oil Sector under her purview between 2010-2015, will forfeit a sum of $50m in alleged stolen funds to Nigeria, courtesy of the United States Government!  Although Deziani Alison-Madueke denied all corruption allegations since leaving office, close to $53m (£43m) in alleged illicit funds were recovered from her accounts!

Like the brokered agreement between the United States Government and Nigeria, in respect of Abacha Loots during Buhari's Tenure, THE DEZIANI LOOTS among other disbursements, will also be used to fund PUBLIC SERVICES, according to the Minister of Justice, Lateef Fagbemi. 

The money is being sent back to Nigeria from the US, whose authorities allege that Alison-Madueke enriched herself, and others, while leading Nigeria's State oil firm by awarding contracts in exchange for bribes.

According to various media reports,

the US Government also alleged that part of the looted money was used to purchase ONE 65-METRE SUPER YACHT CALLED THE GALACTICA STAR plus multiple luxury properties in California and New York!

Her alleged ill-gotten gains are also under scrutiny in the UK, where two years ago she was charged with bribery offences including gifts of Louis Vuitton luxury goods, payment of private school fees, and at least $127,000 in cash!

A key figure in the administration of former President Goodluck Jonathan, she also served as the first female President of the O il E xporters Group. (OPEC).

Her time as Nigeria's Minister of Petroleum Resources began in 2010 and ended in 2015. She previously served as Minister of Transport, Solid Minerals and Steel Development.

The US Department of Justice announced in 2023 the final resolution of two civil cases on the forfeiture of assets that were reportedly laundered in and through the US by Alison-Madueke and her associates. The US and Nigeria confirmed that the sum of $52.88m would be repatriated to the West African nation. This will be the first repatriation to Nigeria of assets outside the West African country linked to Alison-Madueke, according to Reuters News A agency reports. Speaking at the formal signing ceremony in the Nigerian capital, Abuja, Attorney-General and Minister of Justice, Lateef Fagbemi, said the return of the funds marks a significant step in the ongoing efforts to combat corruption. Fagbemi said $50m of the money will go through the World Bank to support rural electrification projects, and THE REMAINING $2.88m WOULD BE DIRECTED TO THE INTERNATIONAL INSTITUTE OF JUSTICE TO STRENGTHEN THE JUSTICE SYSTEM AND PROMOTE ANTI-CORRUPTION EFFORTS!

Meanwhile the US Ambassador to Nigeria, Richard Mills, has emphasised the NEED FOR ACCOUNTABILITY AS WELL AS THE CAREFUL MONITORING OF THE RETURNED FUNDS.

"The ministry of justice must guarantee that these funds are used transparently and effectively to improve the lives of Nigerians," he said.

In November 2022, the US government repatriated to Nigeria, $20.6m in assets allegedly stolen by former Nigerian military leader Gen Sani Abacha. Five years ago, Washington transferred $311.8m to the Nigerian government as part of a previous agreement to repatriate assets that traced back to the Abacha regime and yet every facet of the APC Government from 2015 to date depends on BORROWED FUNDS TO FUNCTION!

LOOTERS IN NIGERIA EVADE THE JUSTICE SYSTEM!

During President Buhari's campaign against CORRUPTION, the Federal Government released a list of some of those who have allegedly looted the nation’s treasury as follows:

In a statement issued by the then Minister for Information and Culture, Alhaji Lai Mohammed, claimed as follows:

“The PDP has challenged us to name the looters under their watch. They said they did not loot the treasury. Well, I am sure they know that the treasury was looted dry under their watch. Yet they decided to grandstand. This shows the hollowness of their apology,”

1) PDP Chairman Uche Secondus Allegation: On the 19th of Feb 2015, he took N200 million only from the office of the NSA.

2) Then PDP Financial Secretary Allegation: On the 24th of Oct 2014, he took N600 million only from the office of then NSA.

3) Then National Publicity Secretary Olisah Metuh on trial for allegedly collecting N1.4bn from the office of then NSA.

4) Dr Raymond Dokpesi, Chairman of DAAR Communications On trial for allegedly taking N2.1 billion from the office of then NSA.

5) Former SSA to President Jonathan, Dudafa Waripamo-Owei On trial, over N830 million allegedly kept in accounts of four different companies.

6) Former President Jonathan’s Cousin Robert Azibaola who a Federal High Court ruled had a case to answer for allegedly collecting $40 million from the office of then NSA.

The Minister boasted that the list was just a tip of the iceberg, and not a vendetta as some of them currently have cases in court.

“They are in court and the records are available. Some of the people on this list are seeking to plea bargain, and that is a fact.

“We insist that Nigeria was looted blind under the watch of the PDP and that the starting point in tendering an apology is for them to return the loot,” he said.

TINUBU MUST STOP FRESH LOOTERS FROM BECOMING MEMBERS OF APC'S RENEWED HOPE ADMINISTRATION!

HE MUST URGENTLY CARRY OUT THE DEMANDS OF THE CITIZENS & THE COMPATRIOTS TO COMMISSION THE DRAFTING OF A ONE HOUSE COST-EFFECTIVE PARLIAMENTARY SYSTEM TO USHER A NEW VISTA FOR THE NATION AND PERMANENTLY ERASE THE OPPORTUNITY FOR TREASURY LOOTING!

Alhaji, you must hurry! Time is NOT on your side at all!

 [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.

TINUBU HAS BEGUN 2025 WITH PRESIDENTIAL FABLES!

   ZION B-BC

 NEWSLETTER.

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 14. NO 585. 5th January 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

TINUBU HAS BEGUN 2025 WITH PRESIDENTIAL FABLES!

[2025 SPECIAL EDITION]

The Presidential system of government in Nigeria does not care or give a hoot about the sanctity of human lives especially the downtrodden but the ONE HOUSE PARLIAMENTARY SYSTEM DOES! The Presidential type does not provide dividends of democracy for the masses of the people in this nation called Nigeria but definitely, the Parliamentary system does!

Difference in statistics of death toll between Tinubu and his political class who are stupendously rich and the poor masses can be compared to the distance from the Moon to the Earth! Multiple deaths occur daily through mass transportation on the roads, highways, on the rivers and the seas across Nigeria due to maladministration and corruption by government officials who award Road projects and approve processes for marine transportation to political associates instead of professionals!

Masses travails also include environmental pollution, degradation through oil exploration and exploitation, exposure to gas flaring/gas explosion hazards round the clock!

And whereas the elite class in government dwell in posh apartments drive luxurious exotic vehicles, fly in expensive private and presidential jets travel in sophisticated yachts in grandeur all year round! SUCH CLASS DISTINCTION DOES NOT EXIST IN A PARLIAMENTARY DEMOCRACY WHERE THE PRIME MINISTER SITS IN PARLIAMENT ON WEEKLY BASIS WITH OPPOSITION PARLIAMENTARIANS TO IRON OUT ELECTION PROMISES THROUGH HOT DEBATES AND ARGUMENTS!

The agitation for the change to Parliamentary system of government has not received positive response from consecutive governments from 1999 to date!

Without this change no meaningful development can emerge from Nigeria's economic adventure because it is impossible for anything to be built without a solid foundation."If the foundations be destroyed, what can the righteous do?” is a line from Psalm 11:3 in the Bible. The verse is often interpreted as asking what good people can do when fundamental principles are destroyed.

And as the adage goes ...."you cannot build something on nothing!"

President Bola Tinubu's 2025 Budget Appropriation is all predicated on borrowings! Government will borrow to carry out Capital projects, borrow to pay salaries and allowances for the insensitive politicians who believe that once they can dole out food palliatives to the downtrodden they would keep them quiet? But to their disappointment, events of TWO mass protests within 15 Months of Tinubu's Administration have proved that masses of the people could no longer be hoodwinked! Tinubu's government also borrows to service the humongous debts that has increased to NGN135.6 TRILLION NAIRA! It is no longer in doubt that his administration has no direction!

Inflation is at an all high 34.6% foreign exchange is at NGN 1,700 naira to 1 (One) United States dollar and yet Mr. President hopes TO REDUCE BOTH TO 15% AND NGN1,500 NAIRA RESPECTFULLY! As at June 2024: Nigeria's debt-to-GDP ratio was 55%. This was based on the country's total public debt of N135.6 trillion and a trailing four quarters Gross Domestic Product (GDP), of N246.3 trillion! But the president still promised better economic growth, expanded credit opportunities and youth empowerment in 2025 during the national broadcast on Wednesday January 1! He also announced plans to establish the National Credit Guarantee Company by mid-2025 to improve access to credit.

For how long will these deceits fly?

ANOTHER NATIONAL CONFERENCE ON BORROWED FUNDS FOR YOUTHS?

Previous Administrations hosted National Conferences to PLACATE THE CITIZENS - Tinubu's Government MUST also follow suit even when it made no sense at all!

COULD THIS GESTURE BE A SUBTLE FORM OF PALLIATIVE TO SILENCE FURTHER YOUTH PROTESTS?

'Youth Confab, a national conference with young Nigerians as participants, will take place in the first quarter. The National Values Charter will also be launched in the first quarter to promote patriotism and unity nationwide.

Please find below excerpts of his "padded" 2025 New Year broadcast:

"Fellow Nigerians,

"Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days.

"Economic indicators point to a positive and encouraging outlook for our nation. Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. Foreign reserves have risen, and the Naira has strengthened against the US dollar, bringing greater stability.

"The stock market’s record growth has generated trillions of naira in wealth, and the surge in foreign investment reflects renewed confidence in our economy. Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.

"In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people. - AN IMPOSSIBILITY IN A MONO-PRODUCT- DRIVEN ECONOMY?

"In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.

"To achieve this, the Federal Government will establish the NATIONAL CREDIT GUARANTEE COMPANY to expand risk-sharing instruments for financial institutions and enterprises.

"The Company — expected to start operations before the end of the second quarter — is a partnership of government institutions, such as the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.

"This initiative will strengthen the confidence of the financial system, expand credit access, and support under-served groups such as women and youth. It will drive growth, re-industrialization, and better living standards for our people.

"We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.

I seek your cooperation and collaboration at all times as we pursue our goal of;

"A ONE TRILLION DOLLAR ECONOMY"?

CITIZENSHIP

"To achieve our national goals and objectives, we must become better citizens and uncompromising in our devotion and allegiance to Nigeria.

"Citizens’ moral rectitude and faith in our country are fundamental to the success of the Renewed Hope Agenda. In 2025, we will commit to promoting adherence to ethical principles, shared values, and beliefs under the National Identity Project.

"I will unveil the NATIONAL VALUES CHARTER, already approved by the Federal Executive Council, in the first quarter of 2025. I will launch an ambitious national orientation campaign that fosters patriotism and love for our country and inspires citizens to rally together. The Charter will promote mutual commitments between the government and citizens and foster trust and cooperation among our diverse population and between the government and the citizens. "As far-reaching and foundational as our reforms are, they can produce the desired outcomes only through shared common values and identities and unconditional love for our country.

Mr. President will also launch:

A YOUTH CONFAB!

WHICH YOUTHS? GHOSTS OF YOUTH PROTESTERS WHO WERE MURDERED FOR PROTESTING AGAINST #END BAD GOVERNANCE IN AUGUST AND OCTOBER 2024?

"The Youth Confab will begin in the first quarter of 2025, a testament to our commitment to youth inclusiveness and investment as nation-builders. The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population."

QUESTIONS:

* With which FUNDS will Mr. President achieve his FANTASIES?

Is he depending on TAXES FROM THE FOUR BILLS BEFORE THE NATIONAL ASSEMBLY?

* If he is thinking out of the box as A CHICAGO ACCOUNTANT, he should know that with DEFICIT CRUDE OIL PRODUCTION, that conjecture was impossible!

ARE THERE NO ALTERNATIVES OUTSIDE OF T A X E S?

Of course there are other options:

1. A determined effort to SECURE ALL 774 LGAs to achieve co-ordinate mechanized Agricultural Revolution for increase yields to ensure Food Security.

2. Aggressive mining of solid minerals in abundance in all 36 States and the Federal Capital Territory (FCT).

3. Marine and Blue Economy holds enormous potential to generate abundant resources in local and foreign currencies to increase the National IGR immensely!!

4. Mr.President should open up more PORTS outside of Lagos in the Oil Producing States as hubs for international shipping patronage!

.

Like WE postulated in our publication on the PRESIDENTIAL FOUR BILLS ON TAX REFORMS before the National Assembly, Mr presidents intentions are Germaine and good for the country's economic system BUT NOT TIMELY! We still stand by that opinion!

Mr President MUST put his house in order first and stop playing the Broken Record that justified his removal of Fuel Subsidy, merger of official and bureau de change forex exchange rates and Naira Float - without a solid Production Base!

WITH A ONE-HOUSE PARLIAMENTARY DEMOCRACY IN PLACE - THE DOWNTRODDEN MASSES WILL DEFINITELY HAVE FRESH AIR TO BREATH? He must listen to the voice of reasoning before it is too late!

[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.