{"id":86881,"date":"2021-10-10T14:48:55","date_gmt":"2021-10-10T13:48:55","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=86881"},"modified":"2021-10-10T14:48:55","modified_gmt":"2021-10-10T13:48:55","slug":"2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/","title":{"rendered":"2022 budget: Timi Frank urges Nigerians to prepare for worst times"},"content":{"rendered":"
\n
At a time Nigerians are struggling to survive due to harsh economic conditions, former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged the masses to prepare for worst times ahead.<\/div>\n
\n
\n

\nFrank is the United Liberation Movement for West Papua (ULMWP) Ambassador to East Africa and Middle East, said his fear was predicated on the \u201c2022 Budget of Economic Growth and Sustainability\u201d recently laid before a joint session of the National Assembly by President Muhammdu Buhari.<\/p>\n

He said since the purchasing power of the average Nigerian has been inexorably eroded by rising cost of goods and services coupled with expected increases in the pump price of petrol, electricity tariffs and introduction of new taxes, the people must of necessity tighten their belts to survive the economic tsunami ahead.<\/p>\n

Frank in a statement in Abuja, berated President Buhari for again deceiving Nigerians with a budget he knows will bring more hardship to them than succour.<\/p>\n

\u201cIn the history of Nigeria,\u201d according to him, \u201cno President or head of state has lied to Nigerians like Buhari.\u201d<\/p>\n

\u201cFor instance, Buhari stated that his regime is targeting N17.70trillion as total federally-collectible revenue for 2022. Yet, he plans to finance the 2022 Budget Deficit\u00a0 of N6.26trillion through borrowing thereby pushing up the nation\u2019s debt.\u201d<\/p>\n

He lamented that since Buhari took over in 2015, annual budget performance has remained below 30 per cent.<\/p>\n

\u201cThis is because they are budgets of lies and no one can implement a lie,\u201d he declared.<\/p>\n

He insisted that Buhari\u2019s plan to seek further amendments to the Finance Act 2020, is meant to lay additional financial burden on the shoulders of Nigerians.<\/p>\n

\u201cThis invariably means, among others, that some present taxes will either be reviewed upwards or new ones introduced,\u201d he said.<\/p>\n

He recalled that based on the law, which became fully operational on January 1, 2021, Value Added Tax (VAT) was increased from 5% to 7.5% while impoverished Nigerians are now being charged N50 levy on every electronic money transfer deposited in any bank or financial institution, on any account, on the sum of N10,000 and above.<\/p>\n

According to him, this levy is in addition to other charges like Short Message Service (SMS), Account Maintenance, etc, which Nigerians are already being made to pay by commercial banks.<\/p>\n

He also said that a new way to further plunder the downtrodden Nigerians by Buhari is the planned reintroduction of tollgates on Federal Highways in the country.<\/p>\n

He said when the scheme becomes operational, according to the Federal Government, motorists will be made to pay N200, N500, and N1000 respectively depending on the type of vehicle.<\/p>\n

He added: \u201cIt is grievous that Buhari did not tell Nigerians that as he was speaking to his Halleluya and Amen Boys in the highly comprised ninth National Assembly and fixing the 2022 official exchange rate at N410.15k to $1, the Naira on Thursday last week (same day)\u00a0 traded at N570 to the dollar at the unofficial (parallel) market.<\/p>\n

\u201cThe Naira also exchanged at N410.81 per dollar at the Investors and Exporters (I&E) forex window, thereby putting a lie to Buhari\u2019s proposal of N410.15.50 to a dollar officially.\u201d<\/p>\n

He insisted that the National Assembly had hurriedly approved the passage of the PIA, in the interest of Buhari and not for the benefit of Nigerians.<\/p>\n

\u201cThe rubber stamp National Assembly hurriedly passed the Petroleum Industry Act, not because they love Nigeria but because Buhari and his cronies want to perpetually be in charge of the incorporated entities.<\/p>\n

He recalled that Buhari and Nigerian oil industry have become inseparable since the the regime of Olusegun Obasanjo as Head of State.<\/p>\n

He \u201cWhen Olusegun Obasanjo became a military Head of State in 1976, Buhari, then a Colonel, was appointed the Federal Commissioner (Minister) for Petroleum and Natural Resources.<\/p>\n

\u201cIn 1977, when the Nigerian National Petroleum Corporation (NNPC) was created, Buhari was appointed as its Chairman, a position he held until 1978.<\/p>\n

\u201cBuhari served as the Chairman of the Petroleum Trust Fund (PTF), a body created by the regime of late General Sani Abacha. He has doubled as the President, Commander-In-Chief, and Minister of Petroleum Resources since 2015.<\/p>\n

\u201cI dare say that with the ongoing incorporation of the Nigerian National Petroleum Company (NNPC) Limited, in line with provisions in the PIA, the petroleum industry in Nigeria will continue to be in the firm grips of Buhari, post 2023, through his proxies and cronies who have concluded plans to mop up the initial share capital of N200billion of the company soon to be put up for sale to Nigerians.<\/p>\n

\u201cThe purchase and control of Nigerian power assets by both present and former political office holders is telling in this direction.\u201d<\/p>\n

He insisted that Nigerians are terribly disappointed in some opposition lawmakers in the National Assembly who joined APC lawmakers to clap for Buhari as witnessed by viewers during the live telecast of the budget presentation session.<\/p>\n

He said: \u201cInstead of them to make Buhari to understand that they were only there because duty demands that they be there, they were apparently carried away.<\/p>\n

\u201cOne wonders if they cannot borrow a leaf from the way opposition lawmakers in other climes react whenever the President told a lie or says anything that is doubtful or inaccurate during presentations.\u201d<\/p>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

At a time Nigerians are struggling to survive due to harsh economic conditions, former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged the…<\/p>\n","protected":false},"author":1,"featured_media":81596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-86881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n2022 budget: Timi Frank urges Nigerians to prepare for worst times - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2022 budget: Timi Frank urges Nigerians to prepare for worst times - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"At a time Nigerians are struggling to survive due to harsh economic conditions, former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged the…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-10T13:48:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"2022 budget: Timi Frank urges Nigerians to prepare for worst times\",\"datePublished\":\"2021-10-10T13:48:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/\"},\"wordCount\":881,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/\",\"name\":\"2022 budget: Timi Frank urges Nigerians to prepare for worst times - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg\",\"datePublished\":\"2021-10-10T13:48:55+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg\",\"width\":600,\"height\":511},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2022 budget: Timi Frank urges Nigerians to prepare for worst times\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2022 budget: Timi Frank urges Nigerians to prepare for worst times - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/","og_locale":"en_US","og_type":"article","og_title":"2022 budget: Timi Frank urges Nigerians to prepare for worst times - Pointblank News","og_description":"At a time Nigerians are struggling to survive due to harsh economic conditions, former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged the…","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/","og_site_name":"Pointblank News","article_published_time":"2021-10-10T13:48:55+00:00","og_image":[{"width":600,"height":511,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"2022 budget: Timi Frank urges Nigerians to prepare for worst times","datePublished":"2021-10-10T13:48:55+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/"},"wordCount":881,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/","name":"2022 budget: Timi Frank urges Nigerians to prepare for worst times - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg","datePublished":"2021-10-10T13:48:55+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2021\/06\/TIMI-FRANK-1_1.jpg","width":600,"height":511},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/2022-budget-timi-frank-urges-nigerians-to-prepare-for-worst-times\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"2022 budget: Timi Frank urges Nigerians to prepare for worst times"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/86881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=86881"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/86881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/81596"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=86881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=86881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=86881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}