2016 Budget-IMF is in Nigeria -H,E Prince frank ukonga advice and caution President Buhari on IMF and offer The BRICS BANK as credible alternative source of global developmental finance-


President Buhari and IMF Boss
2016 Budget-IMF is in Nigeria -H,E Prince frank ukonga advice and caution President Buhari on IMF and offer The BRICS BANK as credible alternative source of global developmental finance-
1. we commend President Mohammadu Buhari for the 2016 budget proposal and going back to the drawing board to fine tune it as advised by H,E Prince frank ukonga-
2.secondly, the Prince advised that the N2,5trillion to be borrowed which is about 8,5billion pounds and 2,5% of our GDP though portable should not panic the president to accept IMF conditionality
as the Prince offers Nigeria the BRICS BANK- that wil assist Nigeria without conditionality that would under develop the nation- All other countries of the world are advised to follow suite- in their own interests- gratitude
3. History repeats itself, we should not forget too quickly the harrowing experience of Nigeria in the Shagari Era where Nigeria with cap in hand went a borrowing from the entire world , going a sorrowing , we incurred a total of 5billion dollar debt which became 55 billion in less than ten years after from 1978-1988 and by year 1990 and yonder Nigerian was into a heavy debt trap with IMF conditionality of continuous devaluation of the Nigerian Naira and everything we lived for were devalued...It was a despicable bad case study of squandimania, wanton larceny and gruesome irresponsibility of the leadership of that entire interregnum in human history as General Murtala left over 40 billion dollars to Obj in 1976 before he died,,,OBJ wasted away all these colossal money and the opportunity to make Nigeria emerge as the African Tiger and left a deficit bankrupt economy to Shehu Shagari in 1979...the case was despeakable...
4. Now the case has repeated itself again OBJ came back in 1999 and paid all the debt back left over 70 billion dollars for Yar Adua and Jonathan and in less than 8 year after all that money has been wasted away and here we go again/
5. The IMF is an unfriendly source of developmental finance and more of the cold rigid element of historical  and dialectical development  of the Human Race..there is the need to be careful in doing business with the IMF so that the harrowing conditions of the 1980s does not come back...

National Express : ISSN 1594 0549: Breaking News- Minister of State for Health Dr Osa...

National Express : ISSN 1594 0549: Breaking News- Minister of State for Health Dr Osa...: H..E Prince Frank Ukonga @ st Peters church Breaking News- Minister of State for Health Dr Osagie Ehanire Thanksgiving and Reception  i...

Breaking News- H.E Prince frank Ukonga IPAC Chairman Edo state and South South Region, Deputy Governor Edo state H.E. Dr Odubu, National Chairman APC H.E. Oyegun, Senator Saisy Danjuma and other top dignitories of Nigeria storms the Minister of State for Health Dr Osagie Ehanire Thanksgiving and Reception in Benin on 3ed January 2016-

H.E Prince frank Ukonga the Chairman of IPAC Edo state and south south Region at the st Peters Church Benin
Breaking News- H.E Prince frank Ukonga IPAC Chairman Edo state and South South Region, Deputy Governor Edo state H.E. Dr Odubu, National Chairman APC H.E. Oyegun, Senator Saisy Danjuma and other top dignitories of Nigeria storms the Minister of State for Health Dr Osagie Ehanire Thanksgiving and Reception  in Benin on 3ed January 2016-  
The Remarkable  event was Graced by Chief Oyegun National Chairman APC, H.E.Prince Frank Ukonga  Edo State Chairman of IPAC, H.E. Odubu Deputy Gov of Edo State Representing the Governor Oshiomhole, Senator Daisy Danjuma and many top dignitaries of Edo State and Nigerian Federation
The Ehanire family in a family reunion at the st Peters Anglican church Benin city on the 3ed January 2016 thanked God for his blessings and kindness on the family and on the peoples of Edo state of Nigeria most especially for their son Hon Osagie Ehanire recently appointed as the Minister of State for Health of the 8th Republic under the leadership of President Mohammadu Buhari as president and commander in Chief of Nigeria
The events was well attended by top dignitaries of Edo state and from all over the country and abroad...Hon Victor Ogba led the FRPP which is a Forum of political parties to the Event while the chairman of APC EDdo state Hon Anlsem Ojezua ,Hon Erahon, the Edo state speaker of the state Assembly, Chief Harrison Ehinare,Sir Andy Ehanire, Prof Yinka Omorogbe and many other top dignitaries graced the remarkable occasion which began with a thanks giving service ant the St Peters Anglican Church Benin City and the Reception was held at the Tent Marquee in Edo Hotels where guests were treated to traditional dance, good music, food, wines, and bear...to was a grandeur event.
Speaking to the Media His Excellency Prince Frank Ukonga the Chairman  of IPAC- Inter Party Advisory Council of the State and the South South Region which is the federation of all political party chairmen in Nigeria lauded the Buhari Administration giving the government a clean bill of health while thanking president Buhari for honoring Edo state by appointing our sons and daughters to strategic positions in the governance of the Nigerian federation "On the behalf of all the chairmen of political parties of Edo state and the south south region on the behalf of all the peoples of this region we thank President Mohammad Buhari for carrying along our state and the region in the 8 republic and we pray for the success of his government."

2016 New Year Message and Testaments of H.E. Prince Frank Ukonga -Man of The Year 2015 as To all Nigerians , Africans and the Global Village; ThisDay on the Eve of the last day of 2015 Anno Domini His Excellency Prince Frank Ukonga, the Prince of Kukuruku Provinces , Principalities and powers offer the following Testaments:

H.E. Prince Frank Ukonga

2016 New Year Message and Testaments of H.E. Prince Frank Ukonga -Man of The Year 2015 as To all Nigerians , Africans and the Global Village;
ThisDay on the Eve of the last day of 2015 Anno Domini His Excellency Prince Frank Ukonga, the Prince of Kukuruku Provinces , Principalities and powers offer the following Testaments:
1.We greet the entire citizens of Nigeria and the Black Race which is a sin qua non of the world with the compliments of Happy and Prosperous New Year 2016.
2.It is commendable the collective cooperation of all Nations in 2015 to sternly collectively tackle the global challenges of the world which are in the following categories of small wars, terrorism, world war 3 threats, cold peace, Energy security challenges, international terrorism, gneder, cyber attack , economic etal.
3. we appreciate the giant strides in the resolutions , actions and determination of global actors to muscle the global village towards global peace, sustainable economic and democratic prosperity and a climate friendly mankind is evolving as the global climatic change challenges has been tackle in the Paris conference of 2015. All these are giant strides.
4.In Nigeria, the change in government from H.E. Goodluck Jonathan to His Excellency President Buhari is a remarkable historical event of transfer of power from one political party to another in Nigeria hitch free. His Excellency Prince Frank Ukonga was also a Presidential Aspirant in the 2015 polls; And we commend all Nigerians and other stakeholders in the Nigerian project for supporting Nigeria in the 2015 polls that many anti Nigerian propaganda predicted that 2015 Nigeria would collapse and break up into fragments but to their dismay and shame  Nigeria is waxing stronger and united looking ahead as one people to lead the world in 2016 as a global supper power..it can be made possible only if you believe..
5. We admonish all Nigerians to roll up our sleeves and work in 2016. We should stop politicizing with our lives and the lives of generations yet unborn to us...this is the time we need to unite and work hard to make it into the arena of global players
we wish All Nigerian and all citizens of the world Happy and Prosperous 2016
Sign 
H.E. Prince Frank Ukonga
Chairman SDP and Chairman IPAC Edo state and the south south Oil Producing Region of Nigeria

H.E.Prince Frank Ukonga remark on the 2016 Budget of 6.08trillion Naira of President Mohammadu Buhari- it is a survival Budget of Keynesian bias-which if well implemented could navigate Nigeria to resilient balance


H.E. MOHAMMADU BUHARI PRESENTING 2016 BUDGET AT NATIONAL ASSEMBLY /ABJ
H.E.Prince Frank Ukonga remark on the 2016 Budget of 6.08trillion Naira of President Mohammadu Buhari- it is  a survival Budget of Keynesian bias-which if well implemented could navigate Nigeria to resilient balance-but palliative measures has to be in place for the expected trying interregnum of inflation, hardship and forced majore
The truculent access to foreign exchange by the private sector and the comatose real sector economy will impact negatively on IGR ,Job creation and the GDP.
The diversification to agrarian base is vague and obfuscating, proper constructive engagement by empowerment of farmers to form large scale cooperative and pioneering agrarian revolution via mechanization,processing, access and link roads to farmland and water provision etc should be given serious push and not be handle in the erstwhile lack luster mentality..
The reactionary fiscal policy of conservatism ,new licensing regime, protectionism, single Treasury Account,rationing of foreign exchange regime would be counter productive if not handled by experts to put down a proper road-map that would not box Nigeria into the oxbow-lake of the international concurrency of laser fair, GATT and WTO which would inter alias would receive unfavorable response of the world condoning Nigeria out with sanitary condom of subtle reciprocity of tacit unwritten sanctions that would be counter productive and would make Nigeria a NET exporter of capital achieving the exact opposite of what was expected out of naivety and birth trauma.
 Our membership of the 34 Islamic military pack was too hasty and perhaps not the best alternative for a paradigm shift of Nigerian foreign policy thrust which would impact negatively on the political economy of the Nigerian state on an abellian wholly.
With borrowing  of 2 trillion Naira to finance the 2016 budget will amount for about 35% of the budget , would certainly inpact on the net aggregate of Nigerian debt portfolio to about 28% of our overall debt profile in 2016...this over ambitious zeal of excessive borrowing within a reluctant and unfriendly business atmosphere could be misused and plunge the entire over 200 million peoples of Sub Saharan Africa into another harrowing debt burden..of illiquidity and insolvency. So their is the need to cautious as not to end up into economic indigestion/collapse as in the Venezuela effects and the Cuban effects.. which are classic cases in world economic indication...
Debt profile to debt servicing ratio to the GNP will compound for the future- this means the regime will leave more debt than it met and projected to 4yrs would be above 25%debt of the GNP currently at 12% etc we should avoid debt trap,create jobs and tame inflation-to boost economic growth and overall development of Nigeria- gratitude

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