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The Serving Overseer, The Citadel Global Community Church, Pastor Tunde Bakare, has called for a change of guard in the country, saying those around the President, Major General Muhammadu Buhari (retd.) look tired. Bakare, at the state of the nation broadcast on Sunday, said the time to rescue Nigeria from opportunists in government had come. The cleric, while delivering his address, titled, ‘The Black Box of Nigeria’s Politics,’ also said there were forces influencing those in government to misbehave. He said, “Change of guards simply means that we need fresh hands and insights into how to fix the problems of Nigeria. Everyone looks tired around the President and we need a change of guards to bring competent people to handle critical issues. I’m not advocating coup d’etat, God forbid; that will set us back by many years again. Military coup landed us in the trouble we are. This may be the last state of the nation broadcast in this auditorium; I perceive strongly that from now on, especially from the day we’ll formally launch the N4N movement (Nigeria for Nigeria movement), our operation will move to the public square, conference centres, as well as banquet halls and hotels across the country and other nations of the earth. This we’ll do in as many places and doors as the good Lord will open to us in order to stir up the spirit of Nigerians home and abroad to take their nations back with a view to rebuilding its weak place. “It is time to carry the battle to the gates of the enemy, and inspire our people home and abroad to rescue their nation from the opportunists in power at all levels of government in our nation. There are forces of devil that influence those in government to misbehave in power and to do the wrong things that will put people in subjugation and oppression. “The truth is that natures abhors vacuum, it is definite that wherever you find thrones, you will also find spiritual forces either of good or evil behind those thrones. From all the evils plaguing our nation today, it is clearly evident that there are blood-sucking malevolent forces behind the seat of government across the length and breadth of the country. And that is why we can’t keep quiet and our simple assignment is to send them packing.” Bakare added that the N4N movement would shake Nigeria more than Save Nigeria Group did, saying those in the diaspora would be involved in the movement. The cleric also noted that it was time to throw away 1999 Constitution, adding that it was erroneous to say the unity of the nation was not negotiable. “The 1999 Constitution was imposed upon the nation by the military and has completely removed the ancient landmark set by our founding fathers in the 1960 Independence Constitution and the subsequent 1963 Republican Constitution respectively. “For every contractual agreement, the parties are required to sign a document validating the terms and conditions in the reckoning of the law. In the case of Nigeria, our founding fathers, in effect, signed a contract in 1960 detailing the terms and conditions of our union or unity following a series of negotiations. “Truth be told, the majority of the champions, promoters and supporters of the “our unity is non-negotiable” slogan pay lip service to a version of unity that serves their selfish interests. What they are insisting on, in reality, is that “our disunity is non-negotiable,” and that we must be forced to live together irrespective of the inherent dysfunctionality of the terms and conditions,” Bakare said. The cleric added that he did not care about the region the next president of Nigeria would come from as long as the person was qualified to lead the country. He said, “If where a president comes from benefits a region, it should have been clear to us; for almost 40 years out of 62, the North have been in power, the people there are impoverished. “Goodluck Jonathan Ebele was in power, it didn’t benefit South-South region; when Obasanjo was in power, was it not the local government allocation for Lagos that was frozen and kept away? If there is rotation as an accepted policy to make Nigeria peaceful, so be it.” He said there was no excuse for the National Assembly to reject electoral transmission of election results. Bakare said, “In this highly connected 21st century, we have absolutely no excuse to condone the retrogressive resolution passed by the National Assembly with the collusion of the Nigerian Communications Commission; we have absolutely no excuse to reject the electronic transmission of election results. “Who, if I may ask, is afraid of free, fair and credible elections? Who is afraid of efficiently conducted elections? Who is afraid of the voice of the millennials and the youth of this nation?” Bakare also called on the Independent National Electoral Commission and the National Assembly to open the voting space for Nigerians in the Diaspora. https://punchng.com/change-of-guard-imminent-in-2021-throw-away-1999-constitution-bakare/ |
Maxymilliano:Amen! |
Our wicked Leaders, hailed on by wicked followers. |
Africa is really black! |
checkmatez:Many people are too myopic or they are doing it because of their pockets. Just defending wickedness. |
Another increment and burden on the people, Yet will can not demonstrate. |
This was same question, I asked one Buckeye yesterday that debt is on the increase and they are doing father Christmas with bursary that with not achieve anything. Our debt is becoming highest in the reason and most of our roads are death traps. The only noise is rail that connects nowhere than the region. Infrastructure is non, but people have different meaning of it in Nigeria. Lalasticlala. |
Budget deficit has risen to N20.64tn under the president, Major General Muhammadu Buhari (retd.), according to analysed data from the budget office. The data covered periods from 2016 to 2020. According to the budget office, more than N7.97tn was borrowed from foreign and domestic sources to fund these deficits. According to Investopedia, a budget deficit occurs when expenses exceed revenue and indicate the financial health of a country. The budget office said the Federal Government generated a revenue of N3.42tn to fund the budget in 2020. It said total government spending for the year was N10.02tn, 0.43 per cent above the N9.97tn budgeted. Hence, the budget deficit for the year was N6.59tn (14.17 per cent of the 2020 GDP), and this was partly financed through domestic borrowing of N2.06tn. In 2019, the Federal Government generated a total of N4.12tn to fund the budget. For the year, total expenditure was N8.29tn, a decrease of N618.14bn (6.93 per cent) from the annual projection. Budget deficit stood at N4.18tn (2.9 per cent of 2019’s GDP), and was partly financed through domestic borrowing of N912.82bn. In 2018, a total of N3.48tn, excluding other funding sources, was generated in revenue to fund the year’s budget. For the year, total spending was N7.51tn, a decrease of N1.61tn from the budget. This meant a budget deficit of N3.65tn (2.85 per cent of the 2018 GDP), which was financed to the tune of N2.50tn through foreign borrowing of N1.17tn and domestic borrowing of N1.34tn. According to the budget office, the implementation of the 2017 budget was affected by poor revenue outturn as oil production and exports remained below the budget estimates while the performance of the economy continued to impact negatively on non-oil revenue. The office said a total of N2.38tn revenue, excluding other funding sources, was generated to fund the budget in 2017. It added that actual expenditure in 2017 was N6.46tn, a N977.57bn decrease from the annual projection. This left a budget deficit of N3.81tn, which was financed to the tune of N2.50tn, comprising of N1.17tn and N1.34tn of external and domestic borrowings respectively. In 2016, the Federal Government generated a revenue of N2.95tn to fund the budget. For the year, total government spending was N5.36tn, an expenditure shortfall of N700bn of the budget estimate of N6.06tn for the period. Budget deficit was N2.41tn (2.37 per cent of GDP) or 45 per cent of total expenditure. For the period under review, N7.76tn was released for the implementation of capital projects and programmes of MDAs for the years under review. In descending order, N1.95tn was released in 2020, N1.17tn was released in 2019, N1.86tn was released in 2018, N1.56tn was released in 2017, and N1.22tn was released in 2016. In her budget presentation for 2015, then Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, disclosed that the budget deficit for the year was going to be N755bn (or 0.79 per cent of GDP). She added that the budget deficit for 2014 was N994bn (or 1.24 per cent of GDP). According to her, there was a need to keep the deficit under three per cent of GDP because of the Fiscal Responsibility Act, 2007 and in accordance with the international norm. Recently, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed that the Federal Government was going to borrow to fund its N6.25tn deficit in the proposed 2022 budget. She said, “If we just depend on the revenues that we get, even though our revenues have increased, the operational expenditure of the government, including salaries and other overheads, is barely covered or swallowed up by the revenue. “So, we need to borrow to be able to build these projects that will ensure that we’re able to develop on a sustainable basis. “Nigeria’s borrowing has been of great concern and has elicited a lot of discussions. But if you look at the total size of the borrowing, it is still within healthy and sustainable limits. As of July 2021, the total borrowing is 23 per cent of GDP.” Echoing the words of his minister, the President, Major General Muhammadu Buhari (retd.), while presenting the 2022 budget to the joint session of the National Assembly, said his government planned to borrow as much as N5tn from local and foreign sources to cover the budget deficit for 2022. He said, “We plan to finance the deficit mainly by new borrowings totalling N5.01tn; N90.73bn from privatisation proceeds and N1.16tn drawdowns on loans secured for specific development projects.” The President of the Senate, Ahmad Lawan, had at the joint session of National Assembly for the budget raised concern about the rising spate of borrowing. He had said, “Mr President, the need to enhance revenue generation and collection cannot be overemphasised. “The level of budget deficit is high, and both the legislature and the executive should work to reduce this deficit through the availability of more revenues.” Lawan added that the government should consider other sources of funding its projects in order to reduce borrowing. In a recent interview with The PUNCH, the Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, said the only way to finance a deficit was by borrowing. In April 2021, the Edo State government accused the FG of printing money indiscriminately to be able to meet up with some of its obligations. A report by The PUNCH in August showed that the Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances had ballooned to N15.51tn under Buhari. Ways and Means Advances is a loan facility used by the central bank to finance the government in periods of temporary budget shortfalls subject to limits imposed by law. According to Section 38 of the CBN Act, 2007, the bank may grant temporary advances to the Federal Government in respect of temporary deficiency of budget revenue at such rate of interest as the bank may determine. While the FG has borrowed N7.97tn from domestic and foreign sources to finance its N20.64tn budget deficit in the period under review, the shortfall of about N12.67tn may have been financed by the CBN. In June, London-based Capital Economics, in a report titled ‘The perils of deficit monetisation in Nigeria’ disclosed that the FG had been turning to the CBN to plug its budget deficits. They added that this move would deepen some of Nigeria’s existing economic woes, including high inflation, downward pressure on the naira and weak economic growth. The organisation said, “The authorities in Nigeria have routinely relied on the Central Bank of Nigeria to help finance budget deficits in recent years. “This was the case even before the onset of the pandemic and has also occurred irrespective of whether the budget shortfall was in line with official projections or not – Nigeria has a pretty poor track record of sticking to its budget plans.” It added that over the past six years, on average, around 55 per cent of annual budget shortfalls had been financed by the CBN. https://punchng.com/budget-deficit-rises-to-n20-64tn-under-buhari/ |
deltateam:Dont mind all these people. Most time they think they are addressing zombies like themselves. A government that can not meet her budgetary responsibilities, but borrowing, yet adding more loads. |
Buckeyemedia1:You are not well cultured, you cant type without abusing, it shows bad home training you got. A government that can not fund her budgets and putting extra burden. I am only asking fundamental question, every sane man should ask and you are throwing tantrum. God help you buck eye! |
Buckeyemedia1:I can pay you the bursary termly if you so desired! How many states are sustaining payment of bursaries all over the country? It is just a Greek gift. |
Buckeyemedia1:You just live on impulse of the moment, you always defend without reasoning of the implications of it. We they borrow to fund it? |
This government, how sustainable is this? How many of the people will end up in class rooms? How many students do we have in Faculties of Education, all over the nation? How this be funded? |
Lalalalastic. |
Former President Olusegun Obasanjo, on Friday, declared that his faith in a better Nigeria remains unshakable. Obasanjo insisted that, the country would not be destroyed by the myriads of challenges confronting it. Obasanjo disclosed this during the opening of Abeokuta Window on America held at the Olusegun Obasanjo Presidential Library Abeokuta, the Ogun state capital. The Abeokuta Window on America is a type of American Space located in over 150 countries worldwide set up to engage Nigerian youths in learning about American culture and politics. The Space is set up in the youth centre of the OOPL in partnership with US consulate in Nigeria. Delivering his keynote address at the event, Obasanjo expressed optimism that no matter what the country is currently going through, evil would not triumph over good. The former President who was represented by the Deputy Coordinator of OOPL, Mr. Ayodele Aderinwale said, “Whatever maybe the problem or challenges currently confronting Nigeria today, I assure you that they are not problems on the attack they are actually problems on the retreat. “My faith in Nigeria remains unshakable. My optimism about the future is resounding. Some may wonder how is the future will be rescued? “I see hope in the determination, resilience and the indomitable spirit of Nigerians. I see hope, in their resistance when they are pushed to the wall. “I see hope, in the zeal, commitment and courage in the face of adversity. I see hope, in the boundless and incurable optimism of young Nigerians. “I see hope, in the willingness of Nigerian young and who are resistance with all their might the evil that are being perpetrated. “I see hope, in the unwavering conduct and uncompromising drive of Nigerians in demanding a democratic process. I see hope, in the ingenuity and infinite creativity of the Nigerians. I see hope, in the youth and young, for our tomorrow lies in them. “I see hope in the great potentials of the Nigerian, empowered, motivated and well led. I see hope, in the blending of experience, energy and dynamism of the old and the new. “I see hope, in the dynamism, vibrancy and richness of our culture. And I see hope, in the commonality of humanity.” Speaking on the importance of the Abeokuta Window on America, the U.S. Consulate Public Affairs Officer, Stephen Ibelli disclosed that, the space would offer a calendar of programmes on topics of interest designed to bring Americans and Nigerians closer together. He noted that the space would further deepen the US – Nigerian relationship, saying no fewer than 100 youths would be engaged on weekly basis in learning about the culture, history and politics of America through books and over 300 online publications. https://punchng.com/my-faith-in-nigeria-remains-unshakable-obasanjo/ |
Femi Adeshina should remember, he will one day become a man of yester year! |
Maxymilliano:Are you sure he is not from there? |
alizma:But they can sleep with 16 year old! |
Jimasun:You forget to add Abba Kyari, the supercop tailor to it! If there are good policies at home, many will not migrate, but Nigeria economy has NEVER been this worse! |
Cost of goods and services will astronomically increase. Hope we are not becoming a failed system already! |
Lanrelagboi:How much again? |
There is a government! |
AkalaJ:Bye and go and sleep sir. Maroko same way. |
AkalaJ:You will not tell me about Eko Atlantic sir, I have the Blue print! |
Kano where they smoke pit latrines! These people always play ethnic cards. Go to the North, Borno, Jigawa people smoke gums. Indian helm, codeine, tramadol, coke are just like phensic over there. |
AkalaJ:I know what I am saying sir, When Fashola brought GEJ to commission it and fenced out Kuramo beach on Ahamadu Bello, my office used to be around Adetokunbo those days, in the evening we used to go to the beach, But some cartel condone off everything. I have entered the Eko Atlantic severally, see the bridges and roads and yet they collect our taxes without doing anything, I am only fighting for the down troddens, by God's grace I am BLESSED! |
AkalaJ:Most poor are hardworking than the rich only that their opportunities are limited. It is only someone whose palm tree survives that is a good farmer. |
AkalaJ:Not in a society that steal from the poor to make criminals rich. If there is a form of level playing ground only 10% will complain. |
Hunter2009:All these paid writers. Kindly post any good road in Ogun or what major projects embarked on in the last two years! Arrant sycophant! |
A city the poor can not afford. |
Budget of nothingness, 20% of the budget can not be funded. What a waste and incompetent leaders! |
Abba Kyari still processing his visa. |
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