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ARREST OF CHRISTIAN BOMBER IS MOCKERY OF CAN RALLY – MURIC
February 3, 2020 05

ARREST OF CHRISTIAN BOMBER

PRESS RELEASE:

ARREST OF CHRISTIAN BOMBER IS MOCKERY OF CAN RALLY

The Kaduna State Police Command yesterday announced the arrest of a suspected suicide bomber inside a church located at Sabon Tasha in Chukun Local Government Area of the state. According to the state’s Police Public Relations Officer (PPRO), DSP Yakubu Sabo, the suspect, a middle aged man by name Nathaniel Samuel, a Christian from Bauchi State, was apprehended inside the church with a bag containing items suspected to be Improvised Explosive Devices (IED). The suspect was arrested yesterday, Sunday, 2nd February, 2020. About 200 worshippers usually attend the church every Sunday.

The attempt to bomb the Sabon Tasha church has been condemned by a human rights organization, Muslim Rights Concern (MURIC). In a press statement issued by the director of the organization, Professor Ishaq Akintola, on Monday, 3rd February, 2020, the group commended the Kaduna State police command for its diligence and described the arrest as divinely ordained.

“This arrest is the outcome of our prayers for Allah to expose all those who are behind the bombing of churches. We are not surprised that the suspect happens to be a Christian. We have said it on several occasions that there is a Christian version of Boko Haram. Christians bomb churches and the whole world blame Nigerian Muslims for the atrocity.

“The arrest of Nathaniel Samuel for attempting to bomb this church is not a new development. Victor Moses was arrested on 1st March, 2016 for spying for Boko Haram bombers. He confessed that he carried out surveillance before the bombing of Madalla church in Abuja on 25th December, 2011. It must be noted that for every single arrest there must have been several successful crimes committed. There is no doubt that there are many other Christians warming up somewhere to bomb churches and lay the blame on Muslims.

“We give kudos to the Kaduna Police Command for this feat. People blame the security agencies for no just cause sometimes. This arrest must have been the outcome of careful planning and prolonged surveillance. Those who handled the operation deserve promotion.

“But the arrest of a Christian attempting to bomb a church makes mockery of the rally organized by the Christian Association of Nigeria (CAN) yesterday. The rally was called ostensibly to protest against alleged rising insecurity in the country. But God works in wonderful ways. He exposed another plot by a fellow Christian to bomb a church on the same day that CAN called for the rally. The coincidence is equally divine and it gives the impression that the rally itself was nothing but a hocus pocus.

“CAN would have exploded immediately in its usual self-righteousness if Nathaniel Samuel had succeeded in bombing the church yesterday. A world press conference would have been held this morning to blame the killing on Muslims. Also, there would have been screaming headlines in newspapers across the country : Boko Haram Bombs Church Again: Hundreds Killed! White House would have called Aso Rock: Why are you killing Christians? This scenario is becoming too ridiculous. It is turning our country into a bundle of contradictions. We say enough is enough. This hypocrisy in articulated religiousity must stop.

“CAN nurses a false dogma of permanent insecurity, incompetence and persecution. But in reality, Nigeria today is much better than Nigeria in 2015 when the Buhari administration took over. Boko Haram that was controlling 17 local governments at that time has been reduced to a pack of hoodlums hitting and running. Nigerian soldiers who were running and hiding from the insurgents before are now putting the latter on the run. The fact that Boko Haram tactics have diminished to guerrilla warfare cements our hypothesis of a debilitated insurgency. Ditto for kidnappings and armed robbery.

Fact-checking the many statistical lies of Peter Obi~~~

1. Obi said African trade is less than 9%. False. Afriexim Bank puts intra-Africa trade at around 15% and Brookings Institute at 18%.

2. Peter Obi said total loans (credit) from banks to the private sector in Nigeria is N19 trillion, and only 0.5% goes to SMEs. False. According to CBN, the actual figure is N22.44 trillion and only 0.1% goes to the SMEs, as at March 2018.

3. Peter Obi said he deployed 30,000 computers to schools from HP. False. The actual figure is 22,500.

4. Peter Obi lied again. He said foreign direct investment to Nigeria in 2015 was $42billion. False. FDI in 2015 was $3.4billion.

5. Peter Obi said Nigeria has 2 million vehicles. False. Nigeria has 12 million vehicles out of which 6 million are commercial.

6. Peter Obi lied. Nigeria's unemployment is 14.2% according to National Bureau of Statistics (NBS), and not 42% he claimed.

Watch out for more of the fact-checking and verification of some of his claims~~~

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Please get your fact right

A country’s debt is sustainable if it is able to finance its debt obligations without external help or going into default. This is the crux of the matter. Nigeria's borrowings and debts are sustainable because the present administration has been servicing the nation's debts as and when due and without recourse to external help. So why raise an unnecessary alarm?

Statistically, the rule is that we can begin to raise alarm about the debt and borrowing when the Debt/GDP ratio–which compares the size of a country’s debt to its economy crosses the threshold agreed upon internationally or the limits set by the government itself (that is the DMO).

In the case of Nigeria, the latest figure (2016) indicates that Nigeria’s Debt/GDP ratio was 17.11%, below the current Debt Management Threshold of 19.39%, and also below international peer-average of 56.00%.

The second metric of debt sustainability which is Debt Servicing/Government Revenue ratio–which compares how much a country pays in debt financing with how much it earns in a given period indicates a Debt Servicing/Government revenue ration of about 60%. This was above the DMO threshold of 28.00%.

Still, this hardly poses a problem, as long as the revenue Projections remain positive. Indeed, improved revenue mobilization by agencies of government in 2017 has resulted in a decline of the Debt Servicing/Government revenue from 60% in 2016 to 45% in 2017 according to the Federal Ministry of Finance.

So, Nigeria’s debt looks sustainable when you compare it to GDP, but much less so when we account for actual government revenues. The good thing is that the latter ratio is never used in the analysis of debt distress because it is assumed that at any given point in time, the government could cut expenditures to squeeze savings for debt servicing.

Obviously, in 2018, we will begin to see significantly reduced ratios since the economy has started to strongly recover after the painful exit from the economic slow down of 2015-2016. So cool down, there is no cause for alarm.

Some fine points:
a) You don't look at the stock of debt and conclude that it is a problem. You look at how and where the borrowed funds are applied, the debt carrying capacity of the country, the ability to repay, and its long-term sustainability. All these indicators are positive with respect to Nigeria. So where is the problem?

b) Unlike in the past, particularly under Jonathan's administration, when borrowed funds were looted or applied to unproductive ventures and consumption, now we can see that the borrowings are deployed to the critical infrastructures that could repay the debt over time: power, railways, and roads (Sukuk). In the long run, the country will be better positioned for infrastructure improvement and expansion to grow and diversify the economy and repay the debt without tears.

Case closed~~~

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