Telecoms Investment in Nigeria now $75.6bn, Danbatta declares

…As sector added N10.126 trillion to GDP in 2022

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion as of 2021.


According to Reuben Muoka, Director, Public Affairs in a press release he signed on July 5, 2023, stated that Danbatta disclosed this at an interactive session with stakeholders in the communications media ecosystem, in Lagos on Wednesday where he provided his scorecards and landmark developments that have shaped the trajectory of growth in the telecoms sector since he became the chief telecom regulator in August 2015.

According to Danbatta, in 2018, investment profile in the sector stood at $68 billion. This increased to $70.5 billion in 2019 and $72 billion in 2020. At the end of 2021, the figure rose to $75,560,563,417.79 ($75.6 billion). The latest figure is the current official investment profile computed in the industry up from the initial $70 billion investment in the last few years.

Investment in the telecommunications sector in Nigeria is computed from two sources: the Central Bank of Nigeria (CBN), and the financial data obtained from service providers by the Commission.

While the CBN collects and calculates an element of the telecoms sector to include FDI, portfolio and others, the Commission collects investment figures from telecom licensees described as domestic investment arising from capital expenditure (CAPEX) which form part of the total investment in the industry.

The NCC CEO said through effective regulatory environment put in place by the Commission, the telecom sector has recorded tremendous growth from an initial investment profile of $500 million as at 2001, when the sector was fully liberalised.

Similarly, Danbatta said the telecom sector has continued to be a major contributor to the Nigeria’s economy through an impressive the sectoral contribution to the nation’s Gross Domestic Product (GDP) quarterly, up from about 8.5 per cent in third quarter of 2015, contributing N10.126 trillion to the nation’s GDP in 2022 alone.

Citing data from the National Bureau of Statistics (NBS), Danbatta said the telecoms sector contributed N10.126 trillion as an aggregate quarterly contribution to GDP in 2022.

“In the first quarter, the sector contributed 12.94 per cent equivalent to N2.246 trillion while the second quarter witnessed an all-time high GDP contribution by the telecom sector to the nation’s economy, standing at 15 per cent and valued at N2.593 trillion. The sector’s contribution to GDP in the third was 12.85 per cent and in the fourth quarter, it grew to 13.55 per cent, which are valued at N2.436 trillion and N2.851 trillion respectively.

“The growth trajectory continued this year as telecommunications and Information Services sector in Nigeria delivered a handsome N2. 508 trillion in terms of financial value contribution to the nation’s gross domestic product, GDP, representing 14.13% in the first quarter 2023,”he said.

Telecoms contribution to national GDP has grown significantly since assumption of Prof. Danbatta as the EVC of NCC in August, 2015, according to available data from NBS.

From 8.50 per cent in 2015, it grew to 9.13 per cent in 2016 and to 8.66 per cent in 2017. In the last quarter of 2018, telecoms contributed 9.85 per cent to national GDP while it added 10.60 per cent in the fourth quarter of 2019.

Also in the second quarter of 2010, it added 14.30 per cent to GDP; 14.42 per cent in the second quarter of 2021. The highest quarterly contribution to GDP by the sector to the economy was 15 per cent in the second quarter of 2022.    

Overall, Danbatta said the sector has become a major enabler of economic development in Nigeria, as it continues to positively impact all the facets of the Nigerian economy. “As the regulatory authority for the telecom sector in Nigeria, we are happy that the sector has recorded phenomenal growth statistics in the past two decades of the liberalization of the telecoms sector. However, we will not rest on our oars. We will continue to push upward to greater heights by encouraging expansion of frontiers to put Nigeria’s imprint on the global map of digital economy,” he said.

In addition to the growth in investment and GDP contribution, Danbatta said, “As of May, 2023, active voice subscriptions reached 221.3 million, equivalent of 115.91 per cent teledensity, while Internet subscriptions rose to 159.6 million.

According to the CEO of NCC, broadband subscriptions on Third Generation (3G) and Fourth Generation (4G) networks increased to 92.2 million, representing a 48.28 per cent broadband penetration in the country.

Also, following the issuance of 3.5GHz spectrum licences for the deployment of Fifth Generation (5G) networks in Nigeria, marked by ultra-high speed internet, low latency and high capacity, and the subsequent commercial launch by two of the three licence holders, 5G subscriptions have grown to over 60,000 in many cities in at least 12 states of the Federation.

Danbatta assured of the Commission’s commitment to always give concrete expression to the Federal Government Executive Order 001 focused on Ease of Doing Business and other digital economy-oriented policies, by embarking on various regulatory initiatives that support a friendly investment climate for investors in Nigeria and enhance value for money for telecom consumers.

The EVC particularly commended the media as a strategic partner and enabler of growth in the telecom sector “through accurate, adequate and timely reporting of all regulatory activities of the Commission.”

ALTON Hails NCC Boss for Quality Regulation

By Emmanuel Daudu

…As new revenue assurance regime begins in earnest

The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Mr. Gbenga Adebayo, has praised the exceptional leadership of the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta.

According to Reuben Muoka, Director, Public Affairs, in a press release signed on Tuesday stated that he also commended the NCC’s commitment to quality regulation, attributing the success of the telecom industry in the country to the regulatory environment it enjoys.

Speaking at a meeting with mobile network operators on the implementation of the Expanded Revenue Assurance Solution (ERAS) in the telecommunications industry, held at the NCC’s office in Lagos yesterday, Adebayo expressed his pride in Danbatta’s remarkable administrative skills, challenging the notion that engineers are not good administrators. He described Danbatta as an excellent administrator, highlighting his instrumental role in the growth and development of the industry.

Addressing the audience, Danbatta shared details about the implementation of the ERAS project. He emphasized the collaboration between the NCC and the Infrastructure Concession and Regulatory Commission (ICRC), saying the ERAS project is being carried out through a Public-Private Partnership (PPP) arrangement, following the DFDDOT model (Design, Finance, Develop, Deploy, Operate, and Transfer), as recommended by the ICRC.

Danbatta acknowledged the efforts of the NCC in transforming the dream of the ERAS project, conceived in 2007, into a reality. He also underscored the project’s alignment with the Federal Government’s directive to enhance revenue collection and prevent leakages within ministries, departments, and agencies (MDAs).

By deploying the Revenue Assurance Solution, Danbatta said the NCC aims to optimize the revenue payable by licensed telecommunications service providers, thereby bolstering revenue generation for the government.

Initially designed to focus on telecom operators, who have not only become major industry players but have also expanded their services into the digital services ecosystem, the ERAS project underwent a significant expansion.

In June 2022, following a presidential approval, the NCC was directed to broaden the scope of the project to encompass the activities of Digital Economy stakeholders. Consequently, the project was renamed the Expanded Revenue Assurance Solution (ERAS).

The implementation of the ERAS demonstrates the NCC’s commitment to fostering transparency, accountability, and financial efficiency within the Nigerian telecom and digital services sectors. Through the utilisation of accurate data and information, the ERAS aims to eradicate wrong computations, faulty data, and information leakages.

With the telecom industry playing a critical role in driving economic growth and enabling digital transformation, the ALTON Chairman’s commendation and the ongoing efforts of the NCC under Danbatta’s leadership highlight the commitment to creating an enabling regulatory environment that fosters innovation and sustainable development.

As the implementation of the Expanded Revenue Assurance Solution progresses, stakeholders within the telecom and digital services sectors eagerly anticipate its positive impact on revenue generation and the overall growth of the Nigerian economy.

2023 flood prediction: DG NEMA visit NAF headquarters

The Director General National Emergency Management Agency (NEMA) Mustapha Habib Ahmed today visited the Chief of Air Staff at the Nigerian Airforce (NAF) Headquarters Abuja in a move to strengthen existing partnership between the Agency and Air Force in the areas of disaster management, including 2023 flood.

The DG NEMA who led a team of some Directors of the Agency was received at the NAF headquarters by the Chief of Air Staff Air Vice Marshal Hassan Bala Abubakar along with some his management team.

In his remark, the DG NEMA said it has become necessary to strengthen the existing relationship between NEMA and NAF, especially in view of increasing occurrence of disasters including the forecast of flood that may affect some parts of the country this year.

He said “with the current growing rate of occurrence and increasing level of severity of disasters in Nigeria and across the world, it has become necessary for NEMA to strengthen its partnership with the Nigerian Air Force to save lives in times of emergency and to promote Disaster Risk Reduction.”

He reviewed the present situation of the rain season and noted that it has started to confirm the predicted flood, which has started to wreak havoc in some states of the federation including the Federal Capital Territory, Abuja. Therefore, he said “the time has come when NEMA will require the support of the Nigerian Air Force in the areas of search and rescue and transportation of personnel, equipment and other life-saving relief items.”

Reaffirming confidence in the existing partnership between the two organizations, the Director General NEMA said “NEMA and the Nigerian Air Force have conducted series of real life simulation exercises to test the level of preparedness of emergency responders and develop common language of communication to foster a better understanding of life saving roles and responsibilities of frontline actors in times of emergency.”

He restated that NEMA will always count on the support of the Nigerian Air force as a critical partner especially in the areas of search and rescue operation, medical evacuation and the air drop of relief materials to inaccessible locations during sudden onset disasters and emergencies.

Responding, the Chief of Airforce Air Vice Marshal Hassan Bala Abubakar assured that the Nigerian Air force will continue to discharge its responsibilities in the areas of providing supports to civil authorities whenever is required.

He recalled the participation of NEMA and the Nigerian Air force in some of past joint simulation training exercises on emergency response and announced that NAF will avail its 22 Disaster Response Units located across the country for deployment to support disaster management activities of NEMA in furtherance to the existing collaboration between the two organizations.

He therefore, assured the sustenance and further strengthening of the existing partnership between the Nigerian Air force and NEMA.

The Director General NEMA was joined on the visit to the NAF headquarters by the Director Relief and Rehabilitation Alhassan Nuhu, Director Disaster Risk Reduction Daniel Obot, Special Assistant to the DG Idris Abubakar Mohammed and Deputy Director Operations Bashir Idris Garga.

UNITED KINGDOM EXPRESSES COMMITMENT TO SUPPORT MNJTF

The United Kingdom has expressed its commitment to support the Multinational Joint Task Force (MNJTF) in achieving its mandate. This was revealed during a visit to the Headquarters MNJTF by British Defence Advisor for Nigeria, Brigadier General Matt Munro, on Monday 3 July 2023.

Brig Gen Munro underscored Britain’s resolve to enhance its strategic partnership with the multinational coalition, underlining the crucial role the task force plays in ensuring regional security and stability. The commitment is expected to significantly boost the operational capacity of the MNJTF. The British Defence Advisor expressed optimism for the future, voicing confidence that the UK’s backing will facilitate pivotal advancements for the MNJTF, ranging from meticulous planning to proficient execution of operations.

Responding, the Force Commander Major General Gold Chibuisi, who was represented by the Deputy Force Commander Brigadier General Assoulai Blama, expressed his gratitude towards the British government. He expressed appreciation for the support it has been receiving through the Cell for Coordination and Liaison to MNJTF, a key conduit for the strategic partnership. The Deputy Force Commander lauded the British government’s unwavering support, stating it exemplifies international cooperation in fostering world peace.

Support President Tinubu To Succeed, SGF Tells Ex-ministerial Aides

The Secretary to the Government of the Federation (SGF), Sen. (Dr) George Akume CON has called on Ministerial Special and Technical Assistants who served during the administration of former President Muhammadu Buhari to rally Nigerians in support of the new administration of President Bola Ahmed Tinubu to succeed in the socioeconomic and political development of Nigeria.

The Secretary to the Government of the Federation made the call Tuesday when ex-ministerial aides under the aegis of the Network of former Ministerial Aides (NETMA) paid him a courtesy visit in his office.

According to him, “President Bola Ahmed Tinubu means very well for this country. He is a committed leader who is completely detribalized and committed to the peace and development of this country. He is very passionate about creating a new path to the greatness of Nigeria through the faithful implementation of the nenewed hope agenda of the new administration”.

“I urge you to reach out to the Nigerian people with details of the various policies and programmes of the administration in view of your unique national outlook given your membership that cuts across gender, religious, and ethnic backgrounds”.

In his address, the Chairman of the group and leader of the delegation, Dr Philip Ugbodaga who served as Special Assistant to the immediate Minister of State for Budget and National Planning stated that the body was originally set up for synergistic purposes for the effective coordination of inter-ministerial responsibilities by Special Assistants as well as a strategic peer review platform among aides during their tenure with former ministers.

While commending President Bola Ahmed Tinubu for finding a very worthy personality in Sen. George Akume for appointment as the Secretary to the Government of the Federation, the group noted that Sen. George Akume had distinguished himself in politics and service to the country and to humanity.

“You played a very critical role in the victory of our great party, the All Progressives Congress (APC) in the last general elections. With remarkable intellectual acumen and experiences signposted by your very impactful tenure as the governor of Benue State for eight years, as a distinguished senator of the Federal Republic of Nigeria for twelve years and as a minister in the immediate past administration of President Muhammadu Buhari for four years, the country is blessed to have you in the strategic room of the new administration to fitly coordinate and provide crucial impetus to the swift execution of government policies and programmes as encapsulated in the renewed hope agenda of President Bola Ahmed Tinubu”, the group stated.

The organization, the first in the history of the country, existed as the Network of Ministerial Aides (NETMA) during the last administration and has now been transformed to a Policy Advisory Think Tank. As a think tank, the group look forward to working closely with the new administration to establish cooperation and partnership at all levels, especially as the body has experts in every area urgently needed for the social, political and economic rejuvenation of Nigeria. “We are confident that, working closely with you we can offer the services of individual members of our organization to the new administration in relevant capacities as deemed appropriate in the implementation of the renewed hope agenda of President Bola Ahmed Tinubu, the Asiwaju of the universe, by drawing on our institutional memory working in the last administration”.

The visit had in attendance thirty nine (39) members representing the aides who served in the administration of former President Muhammadu Buhari from 2015 to 2023.

Birland: “Health, The Foundation Upon Which A Nation’s Prosperity And Progress Are Built”- Minister of Health Dr. Mayukh Pandit

The hard working Birland Minister of Health, Dr. Mayukh Pandit shared a succinct article today the second day of the new month of July 2023 stressing the need to focus on health. This educative piece would blow your mind regards health. Below is the full text:

“Ladies and gentlemen,
Today, I stand before you as the Health Minister of our great nation, The State of Birland, entrusted with the responsibility of ensuring the well-being and health of our citizens. It is an honor and a privilege to serve in this capacity, and I want to take this opportunity to share with you my vision for a healthier and happier society.”

“Health is the foundation upon which a nation’s prosperity and progress are built. It is not merely the absence of disease but a state of complete physical, mental, and social well-being. As Health Minister, my foremost priority is to promote a holistic approach to healthcare that addresses the needs of the whole person, from prevention to treatment, from early childhood to old age.”

“To achieve this vision, we must focus on several key areas. Firstly, prevention must be at the forefront of our efforts. We need to invest in public health initiatives that educate our citizens about healthy lifestyle choices, disease prevention, and the importance of regular screenings and vaccinations. By empowering individuals to take control of their health, we can reduce the burden on our healthcare system and promote a culture of wellness.”

“Secondly, we must prioritize the improvement of our healthcare infrastructure. This includes increasing the availability and accessibility of healthcare facilities, particularly in underserved areas. We need to invest in state-of-the-art medical equipment, enhance our capacity for research and innovation, and attract and retain the best healthcare professionals. By strengthening our healthcare system, we can ensure that quality care is accessible to all, regardless of their socioeconomic background.”

“Thirdly, mental health must be given the attention it deserves. The mental well-being of our citizens is just as crucial as their physical health. We need to break the stigma surrounding mental health issues and provide comprehensive support and treatment services. This includes increasing access to mental health professionals, promoting awareness campaigns, and integrating mental health into our educational curriculum. By investing in mental health, we can create a society that is emotionally resilient and supportive.”

“Fourthly, we must address the challenges of an aging population. As life expectancy increases, we need to develop comprehensive geriatric care programs that cater to the unique needs of our elderly citizens. This includes promoting active and healthy aging, providing long-term care options, and ensuring access to affordable medication and treatment for age-related illnesses. By valuing and supporting our senior population, we can build a society that honors the contributions of every generation.”

“Lastly, we must embrace technology and innovation in healthcare. The digital revolution has the potential to transform the way we deliver and access healthcare services. From telemedicine to electronic health records, we must leverage technology to improve efficiency, accuracy, and patient outcomes. By embracing innovation, we can bridge gaps in healthcare delivery and reach even the most remote corners of our nation.”

After itemizing areas to focus on painstakingly, he assured he is strong-willed to take the lead for a healthier and happier country.

“Ladies and gentlemen, the road ahead may be challenging, but I am confident that with collective effort and a shared commitment to the health and well-being of our citizens, we can achieve remarkable outcomes. As your Health Minister, I pledge to work tirelessly toward building a healthier and happier nation.”

“Together, let us create a society where health is not a privilege but a fundamental right, where every citizen has the opportunity to lead a fulfilling and productive life.
Thank you and Best Regards.”

Encouraged by the minister’s grand rendition, Her Majesty, Birland State Prime Minister, Her Excellency Eden S. Trinidad affirmed that Birland’s priority for a humanitarian state like Birland will always be health and education as medical symposiums and educational webinars are evident.

Just In: Lady Decency Appointed As Acting Vice Chairman Of IMT Alumni Association

 
The Chief Executive Office of Decency-Ella Media Solution Ltd, Publisher of DECENCY GLOBAL NEWS, Ms Stella Njideka Ezeh, popularly know as Lady Decency  has emerged as the Acting Vice Chairman of the Institute of Management and Technology, IMT Alumni Association, Abuja chapter.

This was made known in a statement signed by Sir Nnabugwu Chizoba, National Vice-President, (North Central) of the Association in Abuja.

Other members of the executive included:

Engr Tony Udemba- Acting Chairman.
Mr Oforah Nnamdi Vincent- Acting Public Relations Officer 
Mr Ben Chike – Acting Secretary
Mrs. Ogochukwu Oguejiofor  -Acting Financial Secretary and Mr Ugochukwu Nnolum- Acting Treasurer.

The national body of the Alumni Association felicitates with the officers on their emergence.

“We heartily congratulate these gallant members and urge us to please support them all round to deliver. When they call for help especially to host meetings and most importantly to attend the meetings, please in IMT spirit listen to them.

“We must appreciate our Legend, Chief Chris Unigwe who shouldered the huge responsibility of driving and holding this Chapter for over a decade as he made huge sacrifices. History will be kind to him. We appreciate him and the likes of our immediate past National President, Chief Dr George Moghalu, Sir Joe Attah, Late Mr Joe Nwankwo, Engr Chiazo Ifeobu, Chief Simeon Chukwu, Engr Hycienth Uyanne, Mr Joe Obiwerezo, Mr Godfrey Onuwa etc.

“NEC wishes you well. God bless us all and long live IMT Alumni Association,” the statement stated.

Opinion: Comrade Aminu Aminu lauds NITDA Boss on leadership prowess

Comr. Aminu Aminu, National President, Youth And Civil Society Coalition For Development has spoken on leadership today Saturday 1 July, 2023 in a statement he signed.

Below is the full text:

Incompetency, corrupt tendencies, selfishness, betrayal, disrespect and lack of compassion have long been identified as inherent traits of bad leaders.

Bearers of these characteristics/traits have been responsible for the failure of the past governments be it at the state or federal level.

Though the present administration of Senator Bola Ahmed Tinubu is proven to promote competency, capacity, skills and patriotism, I find it necessary to remind our beloved president that those that follow him and lobby for the ministerial appointment of them do not even deserve to be made ward councillors.

For those who have served their people in different capacities, efforts should be made by Tinubu’s government to find out how well they served and what value they have added to the living standard of their people.
If they are found worthy and have met the expectations of their respective constituencies then they can be considered for ministerial appointment but if they are found otherwise then they should be chased away from loitering in the Villa.

For the green-Hons/novices who are from all indications being motivated by selfishness and see the appointments they are looking for as a business venture where they will dive in and enrich themselves and their families to the detriment of the masses whose interest they are supposed to represent should not be allowed to even sniff the fragrance of Villa.

The Nigerian masses have faith in Tinubu’s administration and have trusted it so much that the president cannot afford to accommodate those who will use the masses as a ladder to climb up and then defecate directly on the masses instead of providing what will improve their living conditions.

In Jigawa State where I came from there are people who have performed beyond the call of duty using their offices to bring life-changing developments that will continue to add value to the lives of the Nigerian masses for a very long time to come. Such are the kind of people Nigerians want to see in this government.

An individual like Kashifu Inuwa from Jigawa State, the current Director General of the National Information Technology Development Agency (NITDA) has no equal in terms of service delivery. The impact of his service as DG of NITDA has been felt across the six geopolitical zones of this country.

This is the kind of person we Nigerians want to see in this government and not the kind of people that will be given appointments based on tribal, regional or religious sentiment and who cannot deliver instead they end up sabotaging the development efforts of the government.

As Nigerians await the ministerial appointment by the Tinubu administration we hope that this piece of write-up will serve as a guide to choosing the best ministers for the country and who will support the president to deliver on his campaign promises to the Nigerian populace.

Long live President Bola Tinubu
Long live the Nigerian masses
Long live the Federal Republic of Nigeria.

Comrade Aminu Aminu,
National President,

Youth and Civil Society Coalition for Development (YCSCD).

Gospel: Knowing Money (2) By Dr. Paul Enenche

SERVICE OBJECTIVE(S):

  1. Understanding why we must know money => the power of money
  2. Understanding what our relationship with money should be => the place of money
  3. Understanding Kingdom keys to having money => the exploration of money
  4. Understanding what to do with money=> the possibilities of money
  5. Understanding money traps to avoid => the problems of money

KINGDOM KEYS TO MAKING MONEY – THE EXPLORATION OF MONEY:

  1. Be a diligent labourer (Prov. 14:23; Prov. 10:4; Gen, 31:40; Gen. 26:18-22; Prov. 11:16)
    4a. God causes the labourer to see profit
    4b. The Blessing of the Lord is permanently in search of the work of a man’s hands (Deut. 28:8)
    4c. To be slack is to be in lack but to release diligence is to receive abundance (Prov. 10:4)
    4d. Life is never easy for the lazy (Prov. 10:4; Gen, 31:40; Gen. 26:18-22; Prov. 11:16)
    4e. It is strong, forceful and energetic people that receive and retain riches (Prov. 11:16)
  2. Maintain financial integrity (Job 1:1, 3; Gen. 39:5-6; Josh. 7:20-21, 24)
    5a. Financial integrity is the way to financial authority (Job 1:1, 3)
    You don’t have to be crooked to succeed (Gen. 39:5-6)
    5b. Financial crookedness is the way to financial wretchedness (Josh. 7:20-21,24)
    5c. Financial transgression can lead to life and destiny abortion (Josh. 7:24-26; 2 Kings 5:25; Matt. 27:3-7)
    5d. What God has not given you does not add anything to you, rather it takes something from you (Gen. 3:1-21)
  3. Produce Excellence (Eccl. 9:10; Prov. 22:29; Gen. 41:39-44; 1 Chron. 29:1-5; Dan. 2:46-39)
    6a. Quality attracts both quantity and prosperity (Prov. 22:29; Gen. 41:39-44; 1 Chron. 29:1-5; Dan. 2:46-39)
    6b. To get the best out of life, you must give your very best to life. (Dan. 2:46-49; Matt. 5:14)
    6c. Those who sow average reap obscurity, but those who sow excellence reap eminence.
    If you sow mediocrity you reap obscurity but if you sow quality, you will reap dignity.
    If they are looking for ten of the best in your field and your name does not come up then something is wrong!
    Don’t let your excellence be only in your container (what you wear), let it also be in your content (what you carry)
  4. Possess good management (Gen. 2:5; Matt. 25:27-29)
    7a. The Blessing of God is in search of good management
    7b. Bad managers of money lose money to good managers of money (Matt. 25:27-29)
    Money runs away from those who mismanage it in the direction of those who manage it properly
    7c. Waste will always lead to want (Luke 15:13-14)
    Money is always in haste where there is waste
    “I refuse to be a mismanager of resources; Lord, give me the grace to do it well

WHAT DO WE DO WITH MONEY? – THE POSSIBILITIES OF MONEY:

  1. Honour God first by fulfilling your covenant obligations (Prov. 3:9-10; 11:24-25; Matt. 6:33; Gen. 14:18-20; Heb. 7:7-8)
  2. Maintain a reserve – don’t spend everything (Prov. 21:20; Deut. 28:8)
    The Blessing of God is looking for your storehouse (Deut. 28:8)
    THING TO NOTE ABOUT THE STOREHOUSE:
    i. It is a Faith principle
    ii. It is obedience of Divine command
    iii. It is a strategy against wastefulness
  3. Reinvest for returns (Matt. 25:27-29; Gen. 47:19-20, 23-25; 26:12-14)
    3a. Expenditure is not the purpose of money, investment is the purpose of money; you invest
    money then you expend from dividends/profit.
    Don’t meet your need from your seed, meet your need from your returns.
    Anybody putting your life under pressure to be spending raw money on them is not doing your life any good
    3b. Investment is the security of the future (Gen. 26:12-14)
  4. Impact in your field or business endeavour must be placed above personal comfort (Prov. 24:27KJV, TLB, NIV)
    4a. Investment is superior to enjoyment
    What you eat, wear drive, and where you live are not as important as what you do
    4b. Impact more than intake guarantees income
    When you correct your mentality you can connect your prosperity
  5. Be charitable – remember the poor and the needy (Gen. 12:2-3; Prov. 19:17; Job 29:11-16; Ps. 72:11-14; Gen. 14:14)
    5a. The major reason why God blesses people is to make them blessings to their generation
    If you will not be a blessing don’t expect to be blessed
    5b. To give to the poor is to lend to the Lord, and God cannot owe anybody; He pays with interest (Prov. 19:17; Job 29:11-16; Ps. 72:11-14; Gen. 14:14)

MONEY TRAPS TO AVOID – THE PROBLEMS OF MONEY:

  1. Be diligent but never be in a haste to be rich (Prov. 28:20)
    1a. Traps of deceptive investment
    Any return on investment that appears too juicy to be true is likely not true
    HASTE TO BE RICH CAN LEAD TO:
    1a. Traps of deceptive investment
    1b. Stepping into fraud (knowingly or unknowingly)
  2. Don’t bite more than you can chew – don’t take up more money pursuits or responsibilities that are beyond both your management capacity and manpower capacity (Prov. 4:25-26)
    Functioning with focus is the key to a financial future
    “Pursue only that which you know you can pursue with focus and deliver with excellence” – Dr Paul Enenche
    “To be drawn in too many directions is to be drawn into exhaustion, frustration and stagnation” – Dr Paul Enenche
    “To pursue too many things all at once is to end with nothing at the end” – Dr Paul Enenche
  3. Don’t be in a hurry to show off (Prov. 24:27)
    Don’t be in a hurry to unveil your true capacity; it is not wisdom
    Let there be more to you per time than what people know
  4. Don’t lose your humility to prosperity (Prov. 18:23)
    Don’t lose your humanness to money
  5. Don’t lose your spirituality to money (Matt. 6:24; 1 Tim. 6:10-11; Matt. 19:23-24; Job 1:1,3; Luke 16:22)
    Any money that will make you reduce your spiritual fire let it go to hell!
  6. Don’t lose your name to money (Prov. 22:1; Eccl. 7:1a)
    Your character is superior to your certificate; your character is superior to your connections
    It doesn’t matter what you have, if your name is not good, your future can never be great
    If your name is not good, your future can never be great no matter how talented or gifted you are.
  7. Avoid the trap of indebtedness, including the oppression of hired servants (Rom. 13:8; Prov. 22:7; Jam. 5:1-4)
    Indebtedness is an attack on your financial future
    Indebtedness is taking your welfare into your hands and out of the hands of God
    The worst form of debt is the one owed hired servants, employees and labourers.
    Have zero degree allowance for debt
    Any service you cannot pay for do it yourself!
    Within the first 7 days of this 7th month, what you have been pursuing since the beginning of the year shall enter into your hands!
    Within the first 7 days of this 7th month, what the enemy has kept back from you by fraud or any means, is entering into your hands!

PRAYERS
Father, in this 7th month I ask that You will establish Your Kingdom rule and reign in my life, family, destiny, this nation, Nigeria and dethrone the dominion, the reign and rule of the devil. Father, establish it NOW, Lord in Jesus’ Name. (Matt. 6:10)

Father, I ask that You will establish, Your will, plan and purpose and agenda for my life, my destiny, the Church, Dunamis, Our Nation, Nigeria and overthrow every plan, plot and agenda of the enemy in this season Oh LORD in Jesus’ Name

Father, I receive my supply of Divine allocation for the Month of July; I receive for myself, family, the Church, Dunamis. I receive it NOW in Jesus’ Name. (Matt. 6:11, Ps. 68:19)

Father, thank You for this heavy instruction; I receive the grace to maintain character in the area of money; I receive that grace now in Jesus’ Name.

Father, I surrender myself to You – my resources, my life and my all, Lord in Jesus’ Name.

Father, I receive the grace to abide and comply with Your Word I just heard today, Lord in Jesus’ Name.

Father, I receive the grace to do Your will, I surrender to You today, help me Lord to be everything You want me to be. Father, help me to get it right in the financial area, Lord in Jesus’ Name.

JULY 2023 BLESSING SUNDAY DECLARATIONS:
I stand by the prophetic and apostolic mantle of God on my life to declare:

  1. The month of July shall favour you!
  2. In the month of July you shall experience the blessing of life; every spirit of death is arrested!
  3. In the month of July you shall experience the blessing of Divine health; every arrow of sickness is returned back to hell!
  4. In the month of July you shall experience the blessing of supernatural strength!
  5. In the month of July you shall experience the blessing of peace – battle crisis shall never be your portion!
  6. In the month of July you shall experience the blessing for supernatural supplies – scarcity and shortage shall not be your portion!
  • In the month of July you shall experience the blessing of Divine preservation – you shall never be the victim of sudden attack!
  • Your destiny shall open up!
  • Every curse placed upon your life, every generational and ancestral curse is broken!
  • Everyone sick in the body, that sickness is cleared out!
  • Cancer dies, Poverty dies!

PROPHETIC DECLARATIONS:

  • I see that premature grave closed!
  • I see that storm nullified and the agenda of hell reversed!
  • Witchcraft attack in arrested, occultic and water spirit attack is arrested right now!
  • That cancer dies right now and that mental condition is over right now!
  • Everyone plagued with the spirit of death, any dead relation or loved one looking for you I set that spirit on fire, you shall fulfil your days!
  • Those looking for human lives to take shall take their own lives!
  • Everyone who is surrounded by witchcraft I declare today they are destroyed by fire!
  • Every coffin prepared for you and your loved ones, the coffin is hereby set on fire!
  • Every coven that is tying down your destiny, today it is set on fire!

Sexual Allegations: Jack-Rich family reacts, says online reports sponsored, baseless

The Jack-Rich family has reacted to online publications accusing Mrs Elizabeth Jack-Rich of having sexual relationship with Seyi Tinubu, the son of President Bola Tinubu.

In a letter to Nigerians, signed by High Chief I.J. Ibiwari on Saturday, the family said the reports were nothing but a fabricated sponsored piece by political scallywags, aimed at injuring the future of Mrs Jack-Rich and her innocent children.

”With honour, we appreciate your understanding, and for detesting the avalanche of the most injuriously
preposterous insult melted on the family by political scallywags.

”These bunch of drunks with no employable skills outside political office other than blackmail, have decided to form a coalition of political hostage taking at home and overseas, to pursue their 2027 interest.

”These miscreants’ only vision is to promote their likes, to stay in public office by any means, to continue
to feed fat from what we produce as their spend, yet they have no respect for producers and
employers of labour.

”Those who understand family as core, detest
these type of political charlatans with satanic lifestyle because they have no respect for society with
what they say,” the family said in the letter.

It said those behind these attacks are just envious of Mrs Jack-Rich’s giant strides as a young woman.

”This is the climax of political desperation by desperadoes who want to forcefully enter a
house they fought against.

”Their vice style is attack to enter. Now they want to come inside the house
by attacking those who are the builders of the house they once fought.

”Nigerians are watching with keenness what will become of this melancholy.
Dr. Elizabeth is a well-groomed Yoruba mother who understands matrimony.

”She is brave, intelligent,
beautiful, and an asset anyone cannot object to acquiring. A beautiful mother to many countless
families in her care.”

The family urged the President and Nigerians to watch out for this group of cruel and desperate monsters, who were desperate for power, and so were willing to unleash political mayhem on the ideals of APC.

”A party they once called names and found nothing good in it.

”The public should now be aware that because these interlopers and their cohorts are weaklings with
no value to deliver any public economic good; their only means to power is to launch blackmail on
critical intellectual assets, including the likes of Dr. Elizabeth.”

The family therefore, expressed its unflinching support for Mrs Jack-Rich in the face of any type of attack or provocation.

”Dear Dr. Elizabeth, your husband, and Nigerians stand with you. In the face of this
provocative, baseless, malicious, harmful, and most preposterous allegation with devilish imprint.

”You are an icon of societal
good. Your good works are unbeatable, not even those drunks can stand near your achievement even
with their loots,” the family concluded.