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‘Change sometimes comes with pain, Please bear with me’ – President Buhari begs Nigerians

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President Muhammadu Buhari last night appealed to Nigerians to bear with him over the difficulties in the land, saying Nigerians were seeing the darkest days before dawn. President Muhammadu Buhari While appealing to Nigerians who he said were known for their inner strength to soldier on, he said the change which they voted for was at the corner and about to rock every nook and cranny of the country. In a strategic move to counter the difficult times, the President ordered the release of 10,000 tons of grains from the national strategic grains reserves. The move, according to Presidential spokesman, Mallam Garba Shehu also debunked insinuations that the change mantra of the new administration was concomitant with hard times. The Presidency said a total of N9 trillion was lost by the Federal Government to the Boko Haram insurgency, lamenting that the loss worsened the economy. Noting the crippling fuel situation, the administration also observed that it inherited a N600 billion debt owed fuel importers and that it was working on ensuring that newly-licensed refineries commenced operations in 2018. While noting that the Federal Government’s social programmes, including the payment of N5,000 monthly transfers to eligible Nigerians was set to commence, the Presidency called for more understanding from Nigerians on the challenges it said it inherited. The Presidency further averred that the difficult times were caused by the economy downturn arising from “the Boko Haram insurgency, corruption and the lack of planning by the past administrations and one that should not be blamed on the Change Agenda of the Muhammadu Buhari administration.” Shehu said: “The Presidency firmly rejects the insinuations that poverty and lack are products of the Change mantra. This should be dismissed as an erroneous and misplaced opposition criticism.  The President understands the pain and the cries of the citizens of this country and he is spending sleepless nights over how he can make life better for everyone. Contrary to assertions by a faction of the opposition Conference of Nigerian Political Parties, CNPP, the President’s energy and focus are on changing the lives of Nigerians, with a view to making  it better than he met it. “Change is a process. Change does not happen overnight. Change can be inconvenient. Change sometimes comes with pain. Over the past year, the government has been working night and day to deliver on its promise of change to Nigerians, and the painful process is still ongoing. “This is work in progress. As life gradually returns to normal in much of the country and the northeast in particular, agriculture will resume and traders from neighbouring African countries will once again feel safe to do business with us. “It is estimated, for instance, that three Northeast states of Nigeria alone have so far lost about three trillion Naira (Nine billion US Dollars) to the Boko Haram insurgency. The previous administration at the center said Federal Government losses amounted to about USD18 billion. “It would have been a miracle for our country’s economy not to feel the effects of this. And, in addition to the thousands of lives lost to the insurgency, thousands have also lost their means of livelihood. The northeast region of Nigeria is a mostly agrarian society, which means Nigeria has lost billions of naira in agricultural produce. Many communities, which have had their yearly planting and harvesting cycle disrupted by Boko Haram attacks or occupation are still yet to return to their farms. In many of these communities, there have not been planting and consequent harvest for between two to five years. “At the time this government came to power, about 600 billion naira was owed to fuel marketers in subsidy payments. Strategic fuel reserves were depleted and local refineries not functioning. “One of the President’s first steps was to pay off the marketers, leaving an outstanding of about N150 billion which is captured in the 2016 budget. The Port Harcourt and Kaduna refineries are being brought back to life. Shortly, Nigeria will resume refining its own fuel rather than depending on imports. ” As part of the permanent solution of recurring cycle of petroleum products shortages, government is working on a plan to ensure that some of the newly-licensed independent refineries start coming on stream from 2018.” “Government is also turning its attention to the sabotage of the oil and gas infrastructure that has taken so much away from the generation and distribution of electricity.” “These are just some aspects of the change that Nigerians voted for, a change that is happening and which will soon be felt by Nigerians in every nook and cranny of our country. “Nigerians are a people renowned for our inner strength and our ability to triumph. These are just the darkest days before the dawn. The change Nigerians voted has indeed begun.”

 

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More Taxes, Economic Hardship Fulfills Primate Ayodele’s Prophecy On Tinubu’s Government

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*More Taxes, Economic Hardship Fulfills Primate Ayodele’s Prophecy On Tinubu’s Government

 

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For almost one year, Nigerians have been made to go through palpable mayhem in the sectors that should drive the nation into bountifulness. Most especially, the economy and security sectors have maintained a constant downtime, leading to an unprecedented perilous season for the citizens of the once-lively nation.

 

 

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More Taxes, Economic Hardship Fulfills Primate Ayodele’s Prophecy On Tinubu’s Government

The predicament of the country cannot be separated from the current leadership; the President Bola Ahmed Tinubu-led administration cannot be exonerated from the country’s current state because the policies of the government are the major factors responsible for hardship.

Although President Tinubu’s mantra was ‘Renewed hope’ , many quarters of the country have simply exuded hopelessness in the last one year; an administration that raised the hopes of its citizens and promised to make life enjoyable didn’t waste time before inflicting pains on innocent electorates.

The beginning of Nigeria’s renewed woes was the first declaration of President Bola Ahmed Tinubu at his swearing-in ceremony that ‘Subsidy is gone’. Barely 24 hours after the President’s statement, the price of petrol increased from N189/Litre to N557, the highest in the history of Africa’s largest oil producer.

While many couldn’t see more to President Bola Ahmed Tinubu than meets the eye during the campaigns, a distinguished Nigerian prophet, Primate Ayodele already X-rayed through his prophetic lens what would become of the APC government if Nigerians voted for the party.

Several Nigerians banked on the renewed hope mantra of President Tinubu but Primate Ayodele was that fearless voice warning Nigerians against voting for Tinubu or the All Progressive Congress (APC) because it would be a government of hardship for the country.

Some of his warnings were hinged on the state of Nigeria’s economy and security. In viral videos, he was heard saying voting for President Tinubu would lead Nigeria into a dungeon. In follow-up prophecies, He prophesied that Dollar will be sold for N1,500, fuel will be sold for N800/Litre, a bag of rice will be sold for N6500, to mention a few.

‘’ I’m not saying anyone should not insult me, I am not scared of any human being. If Nigeria votes APC in 2023, things will be tougher. We will see human beings and want to eat them like food. This is how God told me. I am not saying you should not criticize me or say anything against me even as an APC member, I warned you in 2015 too. You want to vote for lies in 2023, if you vote for the party that has a broom as their symbol, I pity churches. I am not against anybody and I don’t vote, Nigeria will be tough. If you vote and Tinubu enters, there will be serious problems.’’

‘’If Nigerians vote for APC in 2023, the country will sink, we will swim in poverty, and the economy will be in shambles. If APC wins, Nigeria will suffer extraordinarily. We have not yet seen hardship; if APC wins, the real hardship will come. The economy will be sick.’’

As the cleric foretold, citizens are swimming in serious poverty, food items have become unaffordable for the common man, the Nigerian economy has been struggling to breathe for one year without any significant headway and in short, Nigeria has been thrown into an endless dungeon.

Moreover, suffice to say that the President Bola Ahmed Tinubu-led administration, just as Primate Ayodele foretold, is one that is bent on making Nigerians suffer extraordinarily. The government through the Central Bank of Nigeria (CBN) just recently introduced some taxes despite the current hardship faced by those who will still be required to pay the newly imposed taxes.

In a memo, the Central Bank of Nigeria (CBN) ordered all commercial banks to impose a 0.5% levy on some electronic transactions. The fund is supposed to be transmitted to the Office of the National Security Adviser for the purpose of cyber security. The levy is imposed on the initiator of the transaction and not the receiver.

There is the stamp duty, the Nigerian Inter-Bank Settlement System (NIBSS) charge, and the Value Added Tax. This is apart from the charges imposed by banks like the maintenance fee and the SMS charges.

Meanwhile, the introduction and increment of some of these taxes were all foretold by Primate Ayodele who warned the citizens against voting for another APC government.

In his 2024 prophecies which were released in December 2023, the cleric revealed that there will be an increase in tariffs and more taxes would be introduced for Nigerians in the coming year.

‘’I foresee there will be a high cost of living as tariffs on goods and Services will be raised and taxes will be too high despite the fact that the goods are not contrabands. The spirit of God says the economy will still be very difficult to manage. The government needs to do something good for the people and seek the face of the Lord for divine direction.’’

In another video, he asserted that the government would increase stamp duty and Value added Tax (VAT).

‘’I am seeing an increase in stamp duties. The bank stamp duty will not be friendly to the people…it’s going to be a new thing that will come out. Also, increment in VAT will shut down the economy. The government must not try to increase it because it will make the economy tougher’’

@primateayodele

#centralbank #cardoso #olayemicardoso #cbn #centralbankofnigeria #banking #duties #charge #stampduties #primateayodele #iescworldwide

♬ original sound – Primate Ayodele

The prophecies of Primate Elijah Ayodele and their manifestation further explain the negligent attitude of people especially when it comes to divine revelations from the almighty God. There are no questions about Primate Ayodele’s credibility; there are proven records of over 15,000 fulfilled prophecies credited to him but the ears of the electorate have simply been deafened towards divine warnings.

Well, 2027 is by the corner and hopefully, they listen; maybe Nigeria will become a better nation that exudes hopefulness, liveliness, and wellness.

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Jumbo Emerges Rivers Assembly Speaker

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Jumbo Emerges Rivers Assembly Speaker

*Jumbo Emerges Rivers Assembly Speaker

 

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Rt. Hon. Oko Jumbo representing Bonny Constituency has emerged as the Speaker of the Rivers State House of Assembly.

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Oko becomes the third Speaker under the current administration after Edison Ehie and Martin Amaewhule.

Details later…

 

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A New Dawn As CREDICORP Engages Financial Institutions On Consumer Credit Initiative By Ifeoma Ikem

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A New Dawn As CREDICORP Engages Financial Institutions On Consumer Credit Initiative

By Ifeoma Ikem

 

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There is enormous hope on the horizon for businesses in Nigeria as the Consumer Credit sector comes alive with the commencement of engagements with Nigeria’s lending ecosystem.

No fewer than 19 commercial banks were at the first session convened recently by Nigeria’s apex bank, the Central Bank of Nigeria (CBN) during which CREDICORP shared its mission and its unique offering of wholesale capital and credit guarantees for lenders who are committed to accelerating consumer credit access to Nigerians at scale.

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President Bola Ahmed Tinubu during his presidential campaign leading to the 2023 elections, among other things, had promised to rejuvenate the Consumer Credit Sector. In fulfillment of the promise, he established the Nigerian Consumer Credit Corporation (CREDICORP) with a specific focus on facilitating the rejuvenation and operation of Consumer Credit services.

Consumer Credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront and paying responsibly over time.

Consumer Credit also facilitates crucial purchases such as homes, vehicles, education and healthcare, essential for ongoing stability to pursue their aspirations.

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According to the Chief Executive Officer of CREDICORP, Mr. Uzo Nwagba in a statement to the media on Friday, through responsible repayment, individuals build credit histories and unlock more opportunities for a better life., adding that the increased demand for goods and services stimulates local industry and job creation.

Sequel to the convening of the first session of the financial institutions by the CBN with respect to Consumer Credit Initiative, CREDICORP has reportedly received important feedback which would enable it fine tune its rollouts of financial products. For this development, CREDICORP has remained appreciative of CBN’s effort for convening the session in Lagos with the Chief Risk Officers and leaders of Consumer lending across the banks.

The financial institutions which are critical partners with CREDICORP include deposit money banks, microfinance, fintechs and cooperatives. CREDICORP intends to achieve its mandate through strengthening Nigeria’s credit reporting systems, ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit.

Another way is through offering of credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access currently and promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.

Notably, the dawn of the consumer credit services is in sync with President Tinubu’s belief that every hardworking Nigerian should have access to social mobility with Consumer Credit playing a pivotal role in achieving this vision.

Meanwhile, the CREDICORP portal for expression of interest has been opened to Nigerians. Interested citizens can visit www.credicorp.ng to express interest and inform the Corporation of their credit needs.

 

A New Dawn As CREDICORP Engages Financial Institutions On Consumer Credit Initiative

By Ifeoma Ikem

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