 Well, if you just tuned in, it's the breakfast and plus TV Africa. Thanks for joining us this beautiful Monday morning We have to make while I will a joining us as I'm usual Tunde's good to have you join us today Alright then coffee is also here with us. We're sort of with the punch 20.52% inflation economic crisis I think that I have to take that again a bit of you know an error on the other part the punch talks about Tax reliefs and concession federal government grants 16 trillion our waivers to dangote honeywell and others Duty waivers tax relief good for Entry economy or economy, but Discriminatory economists slam the federal government duty waivers tax relieves good for economy But discriminatory economists slam the federal government South Africa and 107 billion dollar tax revenue in 2021 Nigeria 15 billion dollars behind Kenya and Gola revenue slums as debt servicing garb 6.16 trillion error in 16 months as the says demo report away from Taxation debt and what have you we have all the caption PDP crisis wasn't as BOT mids or Tom Finteri today federal government secures pipeline with 12 billion narrow Pays IOC's for billion dollar Students the ground Vegas airports, please threaten showdown at equal conquist so have no street credibility It reminds me of two phases song Kayamo is quoted on that 2022 22 people killed in Abu Dhabi Lagos Ogun crash 12 hospitalized And just before we move away from the punch you have Niger's or production crashes to 900,000 Barrel per day really 24 sue INEC alleged 7 million votes or voters unregistered. These are the headlines on the punch Let's go quickly to the nation this morning Interestingly the paper Doesn't lead with a story on the people's and McCarty party PDP Surprisingly as it has over the past a few Weeks, but I'm the lead story on the front page of the nation strike reps Assume it over face-off with government tomorrow reps assume it over face-off with government tomorrow You God knows if anything will come out of Nazareth Union acts to submit written Presentation case against teachers for hearing Today, so keep our eyes on the national industrial court Now next from the nation when Nigerians in that's where I must mobilize for tinuble All as parents to a laughing still qualified says or your messy Buhari in United States for United Nations General Assembly. I think that explains why he's not in London this Morning or should pull a delicate hints or admits to voting in six polling units amazing Stock markets new rule threatens investors one trillion Naira funds More from the nation of pay be your jotta link bridge traffic diversion at Maryland Monday begins tomorrow. That's for those who living in Lagos state. It'll affect me mercy PDP governors mount pressure on week eight to drop are you must go call? Write us to that division in Southwest chapters of a marketing day's position fire she to meet Revis governor and we have world leaders to attend Queen Elizabeth's funeral Chinese Undergoing probe for killing Nigerian lover and marketing day or your APC clash our headlines on front page of the nation Well, let's move away from the Nation and take a look at the leadership on the leadership Nine days to go APC PDP labor orders strategize and fine-tune campaign mercenaries My campaign team will lead PDP to victory. That's what Tico is quoted to say Tampa world's appointment plot against south says we case camp We case not speaking but his camp is speaking Tunibu appoints you higher bellowers youth campaign coordinator They will party to leverage organized labor structure These are the riders underneath the bold caption Again, you find 2023 budget Nass to amend finance act over 11.03 trillion our deficit quite interesting as there might just be a proposition For nineteen point seven six trillion our budget through Amendment of some relevant acts of the finance. I mean, I mean we're talking about the finance acts here now Okay, just before move away strike caught here's federal government suit against ask you today over five hundred world leaders to graze Queens funeral well, it's a long it's a long one and In why I will conjure a weller a little fifty four orders mobilized for development of Igbo land federal government wants local contractors over failed projects You'll be a boat mishap death all increases to 11. That's it on the leadership And the final Bust up for us this morning is a daily trust with some interesting Headlines and I think they're following Have something on a weekly security review as Contain on front pages also carried by the punch quite interesting to see but a big story there How bonded leader a 2g escaped naff bombings 12 buried fighters women kids affected Residents in panic over possible reprisal will sustain the temple military the daily trust of course as expected Having a blast for stories coming from the northern part of the country more from that paper 19 killed in FCT Road crash masquerades invade plateau church flocked pastor worshippers my god and Some headlines on front page of the daily trust. Let's go over to our guest who is a journey as soon to call hourly this morning and To Nicole let's start with the one from the nation as read out earlier with the House of Representatives Meeting with the striking ass who over the face of the federal government. Do you think like I asked earlier anything good can come out of Nazareff? Whatever It is not impossible for the national assembly to look at the budget They are passing the path And see how that budget can be fixed and some money via Who submitted the demands of the educational sector? If we also admit the supplementary budget to take care of the demands of the absolute or somehow Because the public didn't want to step on this huge effect on the source of the acceptance The national assembly have kept quiet or too long over this matter. I Will be surprised however If this intervention coming from the House of Representatives, we'll be able to address the demands of us all Why do I say so? The problem that every arm of permanent is missing amidst of them or one of the problem that they have them Is that they really don't even have the money now to meet most of the obligations that the host of the Nigerian people including poly creditors You are now breathing the papers this morning the oil that we now sell in the international market has dropped to nine hundred thousand pounds per se Nigeria's 11th generation in terms of taxes has been set to be lower Also the smaller and that of Kenya and when you compare to that of the South Africa Also look at the quantum of money that is set to be required to start these are falling debt and Also look at the amount of money that is going to be required To power our next to be able to conduct 2000 theory election So we are in the catch 22 so to say if the people in the House of Representatives Are able to solve this problem. It'd be a miracle to me, but it is better With your job and to whoa, whoa Who does that mean? Well it means that We should keep talking we should continue the dialogue Until we find the solutions to this problem rather than embark on violence which is not going to Solve any problem. It would have a compounded problem. All right, for example, the students, you know about that it will start bombarding the airport and grind all flight In and out of Nigeria a from this week last week We embarked on the blocking of metro highways all over the country, which distorted traffic in a number of places So if they have caused a short term It will also have enormous consequences on the economy of the country and the very bad publicity Or fear for the country as a whole. As of today Our image is not too good in the international community Because of the insecurity that is prevalent all over Nigeria Well, Tunde Kala, well, let's move away from that. We have the punch where You know, it's reported that economists slamming the federal government as regards, you know tax concession and what a view relieves For some companies. It's been tagged as discriminatory. Well, however, the federal government has foregone 16.76 trillionaire in revenue to tax relieves and concession to large companies between 2019 and 2021 that's according to reports and finding However, 46 of these companies have benefited while you have requests for 186 would you really agree that, you know This tax relieves and concessions quite discriminatory Yeah, well, you know, um sometime ago the federal government began this program of giving some highways to some of these major businesses like Dan Bote, like Onewell and all that They are told that if they are able to fix the roads things like tax waivers and some other things, I mean some other concessions will be given to them and some of them like Dan Bote they consulted their papa who should be on roads and water roads and because of that intervention we enjoyed very mutable atmosphere on that axis it is not impossible as it is because of those projects that some of these companies that are mentioned are getting these tax waivers secondly we are not will know how many companies in these countries are today are actually producing goods or from which they can enjoy tax waivers there are very few you can cast them on the thing that is Dan Bote, Onewell and then the Guard Group and what do they produce? Basically cement and also items like noodles sugars and cement and water so if a company isn't producing goods and services or from which it's ordinary they should pay tax to the federal government and it's actually for tax waivers the possibility that that kind of a company will get it it will be very expensive or that more we must be very careful as Nigerians giving our experience with the fuel subsidies cap that we have had in our hands over a long time now with the oil subsidy thing the Nigerian NLIs will import two, three cargoes of fuel and then you see that the federal government to pay them subsidies for 25 cargoes of fuel the Nigerian NLIs are an incorrigible people once they know that there's a tax waivers and concedures to be given they also begin to do the kind of things that they were doing with the fuel subsidy thing such as the federal government has to be very careful and Nigerians also have to be very wary of whatever noises are coming from that sector for each any of these companies think that they deserve tax concessions tax waivers they are already new they are attached by bonus which they can take the federal government of to be able to get all the things that they deserve which are nothing given to them all right interesting one let's move on to other stories our usual PDP segment is getting bored with PDP stories interesting the nation didn't give prominence to the PDP but still put it in the corner maybe just to avoid a continued public questioning over its coverage of this but it's still there PDP governor's bound pressure and we can't drop all you must go call is what the paper is saying the vision in southwest chapters of a marking day's position is that meeting of PDP stakeholders in the southwest with the presidential candidate at Ticco Boca last week where he said that Boca is the incoming president but you must step down another rider to that fire shade to meet the reverse governor but the nation the punch has this twist to it it says PDP crisis worsens BOT meets or Tom Finteri today what are your thoughts on the latest as regards the former ruling party and its intent on for me it is a tragedy of the monumental proportion all of us Nigerians want a situation which will have so many choices with regards to which political parties to vote for so when they party like the PDP which is supposed to be a formidable opposition it is in this kind of crisis and when you also look at all the other French parties like the Labour Party like the ATC and what are they they are not leaving up their expectation in terms of mobilizing the Nigerian people behind themselves to be able to gift the Nigerian people alternative in terms of what political parties to vote for so I am scared that Nigerians may not really have any good choice or any alternative choice other than the ATC with what is happening in the PDP and what is happening with regards to some of the other political parties for the dramatist party may like a wicked honestly I feel formally embarrassed as a pastor that the man is gauging that way because of this program I will advise them that he is a very young man he has a lot of opportunities he has a lot of things to become whatever he wants to become in this country whether he has a president whatever but the way he is going about it he is merely undermining and jeopardizing his own political future I suspect or I have a feeling that in the nearest future we want to touch a wicked with the own dead which long falls because of this is an inability to make compromises and also behave like a statement simply because of his own personal ambitions which are you I used to know him as a responsible humble and a democrat somehow it's been a long time one has had access to him now I would have thought in line with the promises that he made that immediately I think we are mad that the presidential flag era of the ABBP he should automatically step down because of the zoning formula that they have in the PDT as a political party but the man has become so desperate so cling to that force not mind whether it's to live or not mind whether it's to be jeopardized there are chances from the 2003 elections for people like Mark in there I think he is merely trying to safeguard his own interests if he doesn't he might despair as if he goes all out to support the Northern candidate to the detriment of who wants the pendulum of the president to say so it may affect the government's candidacy in your state that is why the man has been trying to work a very tightrope and they plan a very tight game so to say to be on the safe side for whatever be the case the issue today in my own blue opinion it's not between Yoruba and the outside it's not between the judge and the canoes it's about good candidacy Nigeria is in a terrible mess and it is wherever can deliver it is wherever can save Nigeria out of this quagmire out of this terrible mess that we are economically politically socially educationally health wise we should just go for the passing no matter where the passing might be coming from I don't believe in all this the tragedy now in terms of environmental war that all Nigerian nationalists all Nigerian statesmen all responsible student leaders all unionists and others to close their eyes whatever any country they may be coming from identify the good candidacy among the different political parties and just ensure and support and campaign and finance and make sure that the elections are not leaked wherever they may be any other than this I have brought back in Nigeria after the 2008 election Tunde Kola Wale let's look at the punch now it talks about the all Nigerian oil production crashes to 900,000 barrel per day do you think that there is an implication with this statistics or figures that we have I I mean do you know with the war between Russia and Ukraine this is the time Nigeria should be making well fought from oil this is the time we should take advantage of the unfortunate war between Ukraine and Russia not just in the area of petroleum but also in terms of gas supply so the European countries are some of these other consequences but low and behold we are unable to take that advantage and why the issues are very straightforward the restlessness in the Niger Delta is affecting oil production just about two or three days ago Akari Tokubo is threatening to shut down oil production in the Karabali region and the other countries who are threatening to blow up all the power pipelines because of war because of the pipeline protection contract that has been given to topolo and then allegedly to the oil of Woli and a few other parts they say it is topolo and then the oil of Woli shouldn't be the ones hitting the load and it is going to be in the war of Akari Tokubo and I think they will be the ones the federal government will put put on their table they will make sure that they don't have the opportunity to hit those of those nails so we require a kind of navigate the geopolitical Benjamin crisis in the Niger Delta in such a manner that Nigeria will be able to take advantage of the increasing demand for gas and in order to apply in the international market we did that successfully there is no reason why we couldn't do it again but we are unable to do it because the people we have at the end of our capacity are not crisis managers I would like you to share with us the implications if there are any for this the fact that our output has actually reduced comparing that to what is expected are there any implications oh very serious implications you and I do know that Nigeria is a mono-economy a rental economy an economy that depends on selling of petroleum food petroleum and using the money to buy goods and services and then to run government once you are unable to sell enough oil and with the money with the debt that we have to save and then the unemployment that we have and then the goods and services that are disappeared from the bookshelf you find time go to Ikeja go to the computer village and look at the shares of most of those companies selling things like ordinary phones computers go to the market and look at the shares where the women are selling drives and veins and water bills and look at how empty the shares are so once you are unable to sell enough oil in the international market the any capacity of the country in terms of pulling the same inflow is going to be affected and once it is affected it will be difficult for the government to really be able to get the resources to run the country since it is also it is all they deserve as a way of money merely printing money and then spending it and when you begin to print money and spending it without backing it up with any production then if you need to inflation the international people market too the foreign government too will find it typical or they will be wary of dealing with you because they know you are not positioning anything and then you want to be easy you want to be buying from them with merely money that are not backed up with any production productive activities and all that so it is a serious crisis if you affect the economy even the fight against the security the maintenance of the military the buying of weapons arms and ammunition will be tragically affected and once it is affected chances are that the bandits whether in the urban area can easily overcome alright interesting one I mean we look forward to having you in the studio sooner than later because I mean your analysis is also always perfect important and always interesting and engaging so I want to thank you very much for your time today thank you so much fantastic we have to move on mercy definitely we take a break now and when we return we will be looking at our first conversation right here but just before then what happened today in history being the 19th day in September please stay with us