All Posts in "Day: November 19, 2021"

Global non-life premiums to rise 10.3% by 2024, Swiss Re’s Sigma report

By adnin

 

Swiss Re Institute, a subsidiary of the reinsurance giant, has predicted global non-life premiums to rise 10.3% by 2024, with improved property-catastrophe and casualty rates seen as driving factors.

Meanwhile, the firm’s long-running Sigma report expects life premiums to increase 9.1% globally in the same period.

Higher risk awareness and strong demand for protection-type products have are identified as key motivating factors to this.

Also on the rise are global health and medical insurance premiums, thanks to US economic growth and stable advanced market demand.

Elsewhere, the report notes how emerging market expansion is expected to be strong, with China projected to grow 10% in each of the next two years, largely driven by strong demand for medical insurance, including critical illness covers.

“Market conditions suggest that positive pricing momentum will continue across all lines and regions,” said Jerome Haegeli.

“Inflation-driven higher claims development in all lines of business, continued social inflation in the US and persistently low interest rates will be the main factors for market hardening.”

Following COVID-19, rising risk awareness in general is said to have overall generated a greater demand for insurance protection.

Swiss Re’s Sigma report underlines the pandemic’s role in highlighting the central role insurers play in absorbing risk during times of crisis.

Patoma Admin by — November 19, 2021 in Insurance 0
Remittances to low- and middle-income countries hit 7.3 percent to reach $589 bn in 2021.

By admin

 

Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19, according to estimates from the World Bank’s Migration and Development Brief released today.

For a second consecutive year, remittance flows to low- and middle-income countries (excluding China) are expected to surpass the sum of foreign direct investment (FDI) and overseas development assistance (ODA). This underscores the importance of remittances in providing a critical lifeline by supporting household spending on essential items such as food, health, and education during periods of economic hardship in migrants’ countries of origin.

“Remittance flows from migrants have greatly complemented government cash transfer programs to support families suffering economic hardships during the COVID-19 crisis. Facilitating the flow of remittances to provide relief to strained household budgets should be a key component of government policies to support a global recovery from the pandemic,” said Michal Rutkowski, World Bank Global Director for Social Protection and Jobs.

Factors contributing to the strong growth in remittance are migrants’ determination to support their families in times of need, aided by economic recovery in Europe and the United States which in turn was supported by the fiscal stimulus and employment support programs. In the Gulf Cooperation Council (GCC) countries and Russia, the recovery of outward remittances was also facilitated by stronger oil prices and the resulting pickup in economic activity.

Remittances registered strong growth in most regions. Flows increased by 21.6 percent in Latin America and the Caribbean, 9.7 percent in Middle East and North Africa, 8 percent in South Asia, 6.2 percent in Sub-Saharan Africa, and 5.3 percent in Europe and Central Asia. In East Asia and the Pacific, remittances fell by 4 percent – though excluding China, remittances registered a gain of 1.4 percent in the region. In Latin America and the Caribbean, growth was exceptionally strong due to economic recovery in the United States and additional factors, including migrants’ responses to natural disasters in their countries of origin and remittances sent from home countries to migrants in transit.

The cost of sending $200 across international borders continued to be too high, averaging 6.4 percent of the amount transferred in the first quarter of 2021, according to the World Bank’s Remittance Prices Worldwide Database. This is more than double the Sustainable Development Goal target of 3 percent by 2030. It is most expensive to send money to Sub-Saharan Africa (8 percent) and lowest in South Asia (4.6 percent). Data reveal that costs tend to be higher when remittances are sent through banks than through digital channels or through money transmitters offering cash-to-cash services.

“The immediate impact of the crisis on remittance flows was very deep. The surprising pace of recovery is welcome news. To keep remittances flowing, especially through digital channels, providing access to bank accounts for migrants and remittance service providers remains a key requirement. Policy responses also must continue to be inclusive of migrants especially in the areas of access to vaccines and protection from underpayment,” said Dilip Ratha, lead author of the Brief and head of KNOMAD.

Remittances are projected to continue to grow by 2.6 percent in 2022 in line with global macroeconomic forecasts. A resurgence of COVID-19 cases and reimposition of mobility restrictions poses the biggest downside risk to the outlook for global growth, employment and remittance flows to developing countries. The rollback of fiscal stimulus and employment-support programs, as economies recover, may also dampen remittance flows.

Regional Remittance Trends

Officially recorded remittance flows to the East Asia and Pacific region are projected to have fallen by 4 percent in 2021 to $131 billion. Excluding China, remittances to the region grew by 1.4 percent in 2021 and is projected to grow by 3.3 percent in 2022. As a share of gross domestic product (GDP), top recipients in the region are smaller economies such as Tonga (43.9 percent), Samoa (21.1 percent), and the Marshall Islands (12.8 percent). Remittance costs: The average cost of sending $200 to the region fell to 6.7 percent in the first quarter of 2021 compared to 7.1 percent a year earlier. The five lowest-cost corridors for the region averaged 2.7 percent for transfers primarily to the Philippines; while the five highest-cost corridors, excluding South Africa to China, which is an outlier, averaged 15 percent.

After falling 8.6 percent in 2020, remittance flows to Europe and Central Asia are projected to have grown 5.3 percent to $67 billion in 2021 due to stronger economic activity in the European Union and surging energy prices. Remittances are projected to grow by 3.8 percent in 2022.

Remittances are currently the largest source of external financing in the region. Inflows have been higher or equal to the sum of FDI, portfolio investment, and ODA in 2020 and 2021. As a share of GDP, remittances in the Kyrgyz Republic and Tajikistan stand above 25 percent. Remittance costs: The average cost of sending $200 to the region rose slightly to 6.6 percent in the first quarter of 2021 from 6.5 percent a year earlier, largely reflecting a sharp increase in costs in the Turkey-Bulgaria corridor. Russia is one of the lowest-cost senders globally with costs falling from 1.8 percent to 1 percent.

Remittance flows into Latin America and the Caribbean will likely reach a new high of $126 billion in 2021, registering a solid advance of 21.6 percent compared to 2020. Mexico, the region’s largest remittance recipient, received 42 percent ($52.7 billion) of the regional total. The value of remittances as a share of GDP exceeds 20 percent for several smaller economies: El Salvador (26.2 percent), Honduras (26.6 percent), Jamaica, (23.6 percent), and Guatemala (18 percent). The adverse effects of COVID-19 and Hurricanes Grace and Ida contributed to higher remittance flows to Mexico and Central America. Other main drivers include recovery in employment levels and fiscal and social assistance programs in hosting countries, particularly the United States. An increase in the number of transit migrants in Mexico and other countries, and the remittances they received from overseas to support their living and travel costs, appears to be a significant factor behind the strong increase.

In 2022, remittances are expected to grow at 4.4 percent, mainly due to a weaker growth outlook for the United States. Remittance costs: Sending $200 to the region cost 5.5 percent on average in the first quarter of 2021, down from 6 percent a year earlier. Mexico remained the least expensive recipient country in the G20 group, with costs averaging 3.7 percent. But remittance costs are exorbitant in smaller corridors.

Remittances to the developing countries of the Middle East and North Africa region are projected to have grown by an estimated 9.7 percent in 2021 to $62 billion, supported by a return to growth of host countries in the European Union (notably France and Spain) and the upsurge in global oil prices which positively affected the GCC countries. The increase was driven by strong gains in inflows to Egypt (12.6 percent to $33 billion) and to Morocco (25 percent to $9.3 billion), return migration and transit migration respectively, playing important roles in the favorable outturns.

Remittance receipts for the Maghreb (Algeria, Morocco, and Tunisia) surged by 15.2 percent, driven by growth in Euro Area. Flows to several countries fell in 2021, including Jordan (6.9 percent decline), Djibouti (14.8 percent decline), and Lebanon (0.3 percent decline). For the developing MENA region, remittances have long constituted the largest source of external resource flows among ODA, FDI, and portfolio equity and debt flows. The outlook for remittances in 2022 is one of slower growth of 3.6 percent due to risks stemming from COVID-19. Remittance costs: The cost of sending $200 to MENA fell to 6.3 percent in the first quarter of 2021 from 7 percent a year ago.

Remittances to South Asia likely grew around 8 percent to $159 billion in 2021. Higher oil prices aided economic recovery and drove the spike in remittances from the GCC countries which employ over half of South Asia’s migrants. Economic recovery and stimulus programs in the United States also contributed to the growth. In India, remittances advanced by an estimated 4.6 percent in 2021 to reach $87 billion. Pakistan had another year of record remittances with growth at 26 percent and levels reaching $33 billion in 2021. In addition to the common drivers, the government’s Pakistan Remittance Initiative to support transmission through formal channels attracted large inflows.

In addition, Afghanistan’s fragile situation emerged as an unexpected cause of remittances in 2021 intended for Afghan refugees in Pakistan as well as for families in Afghanistan. Remittances is the dominant source of foreign exchange for the region, with receipts more than twice as large as FDI in 2021. Remittance costs: South Asia has the lowest average costs of any world region at 4.6 percent. But sending money to South Asia through official channels is expensive compared with informal channels which remain popular. Cost-reducing policies would create a win-win situation welcomed by migrants and South Asian governments alike.

Remittance inflows to Sub-Saharan Africa returned to growth in 2021, increasing by 6.2 percent to $45 billion. Nigeria, the region’s largest recipient, is experiencing a moderate rebound in remittance flows, in part due to the increasing influence of policies intended to channel inflows through the banking system.

Countries where the value of remittance inflows as a share of GDP is significant include the Gambia (33.8 percent), Lesotho (23.5 percent), Cabo Verde (15.6 percent) and Comoros (12.3 percent). In 2022, remittance inflows are projected to grow by 5.5 percent due to continued economic recovery in Europe and the United States. Remittance costs: Costs averaged 8 percent in the first quarter of 2021, down from 8.9 percent a year ago. Although intra-regional migration makes up more than 70 percent of cross-border migration, costs are high due to small quantities of formal flows and utilization of black-market exchange rates.

Detailed analyses of trends in migration and remittances are available at www.knomad.org and blogs.worldbank.org/peoplemove. The Migration and Development Brief 35 highlights developments related to migration-related Sustainable Development Goal indicators for which the World Bank is a custodian: increasing the volume of remittances as a percentage of GDP (Indicator 17.3.2), reducing remittance costs (Indicator 10.c.1), and reducing recruitment costs (indicator 10.7.1)

Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19, according to estimates from the World Bank’s Migration and Development Brief released today.

For a second consecutive year, remittance flows to low- and middle-income countries (excluding China) are expected to surpass the sum of foreign direct investment (FDI) and overseas development assistance (ODA). This underscores the importance of remittances in providing a critical lifeline by supporting household spending on essential items such as food, health, and education during periods of economic hardship in migrants’ countries of origin.

“Remittance flows from migrants have greatly complemented government cash transfer programs to support families suffering economic hardships during the COVID-19 crisis. Facilitating the flow of remittances to provide relief to strained household budgets should be a key component of government policies to support a global recovery from the pandemic,” said Michal Rutkowski, World Bank Global Director for Social Protection and Jobs.

Factors contributing to the strong growth in remittance are migrants’ determination to support their families in times of need, aided by economic recovery in Europe and the United States which in turn was supported by the fiscal stimulus and employment support programs. In the Gulf Cooperation Council (GCC) countries and Russia, the recovery of outward remittances was also facilitated by stronger oil prices and the resulting pickup in economic activity.

Remittances registered strong growth in most regions. Flows increased by 21.6 percent in Latin America and the Caribbean, 9.7 percent in Middle East and North Africa, 8 percent in South Asia, 6.2 percent in Sub-Saharan Africa, and 5.3 percent in Europe and Central Asia. In East Asia and the Pacific, remittances fell by 4 percent – though excluding China, remittances registered a gain of 1.4 percent in the region. In Latin America and the Caribbean, growth was exceptionally strong due to economic recovery in the United States and additional factors, including migrants’ responses to natural disasters in their countries of origin and remittances sent from home countries to migrants in transit.

The cost of sending $200 across international borders continued to be too high, averaging 6.4 percent of the amount transferred in the first quarter of 2021, according to the World Bank’s Remittance Prices Worldwide Database. This is more than double the Sustainable Development Goal target of 3 percent by 2030. It is most expensive to send money to Sub-Saharan Africa (8 percent) and lowest in South Asia (4.6 percent). Data reveal that costs tend to be higher when remittances are sent through banks than through digital channels or through money transmitters offering cash-to-cash services.

“The immediate impact of the crisis on remittance flows was very deep. The surprising pace of recovery is welcome news. To keep remittances flowing, especially through digital channels, providing access to bank accounts for migrants and remittance service providers remains a key requirement. Policy responses also must continue to be inclusive of migrants especially in the areas of access to vaccines and protection from underpayment,” said Dilip Ratha, lead author of the Brief and head of KNOMAD.

Remittances are projected to continue to grow by 2.6 percent in 2022 in line with global macroeconomic forecasts. A resurgence of COVID-19 cases and reimposition of mobility restrictions poses the biggest downside risk to the outlook for global growth, employment and remittance flows to developing countries. The rollback of fiscal stimulus and employment-support programs, as economies recover, may also dampen remittance flows.

Regional Remittance Trends

Officially recorded remittance flows to the East Asia and Pacific region are projected to have fallen by 4 percent in 2021 to $131 billion. Excluding China, remittances to the region grew by 1.4 percent in 2021 and is projected to grow by 3.3 percent in 2022.

As a share of gross domestic product (GDP), top recipients in the region are smaller economies such as Tonga (43.9 percent), Samoa (21.1 percent), and the Marshall Islands (12.8 percent). Remittance costs: The average cost of sending $200 to the region fell to 6.7 percent in the first quarter of 2021 compared to 7.1 percent a year earlier. The five lowest-cost corridors for the region averaged 2.7 percent for transfers primarily to the Philippines; while the five highest-cost corridors, excluding South Africa to China, which is an outlier, averaged 15 percent.

After falling 8.6 percent in 2020, remittance flows to Europe and Central Asia are projected to have grown 5.3 percent to $67 billion in 2021 due to stronger economic activity in the European Union and surging energy prices. Remittances are projected to grow by 3.8 percent in 2022. Remittances are currently the largest source of external financing in the region. Inflows have been higher or equal to the sum of FDI, portfolio investment, and ODA in 2020 and 2021.

As a share of GDP, remittances in the Kyrgyz Republic and Tajikistan stand above 25 percent. Remittance costs: The average cost of sending $200 to the region rose slightly to 6.6 percent in the first quarter of 2021 from 6.5 percent a year earlier, largely reflecting a sharp increase in costs in the Turkey-Bulgaria corridor. Russia is one of the lowest-cost senders globally with costs falling from 1.8 percent to 1 percent.

Remittance flows into Latin America and the Caribbean will likely reach a new high of $126 billion in 2021, registering a solid advance of 21.6 percent compared to 2020. Mexico, the region’s largest remittance recipient, received 42 percent ($52.7 billion) of the regional total. The value of remittances as a share of GDP exceeds 20 percent for several smaller economies: El Salvador (26.2 percent), Honduras (26.6 percent), Jamaica, (23.6 percent), and Guatemala (18 percent). The adverse effects of COVID-19 and Hurricanes Grace and Ida contributed to higher remittance flows to Mexico and Central America. Other main drivers include recovery in employment levels and fiscal and social assistance programs in hosting countries, particularly the United States.

An increase in the number of transit migrants in Mexico and other countries, and the remittances they received from overseas to support their living and travel costs, appears to be a significant factor behind the strong increase. In 2022, remittances are expected to grow at 4.4 percent, mainly due to a weaker growth outlook for the United States. Remittance costs: Sending $200 to the region cost 5.5 percent on average in the first quarter of 2021, down from 6 percent a year earlier. Mexico remained the least expensive recipient country in the G20 group, with costs averaging 3.7 percent. But remittance costs are exorbitant in smaller corridors.

Remittances to the developing countries of the Middle East and North Africa region are projected to have grown by an estimated 9.7 percent in 2021 to $62 billion, supported by a return to growth of host countries in the European Union (notably France and Spain) and the upsurge in global oil prices which positively affected the GCC countries. The increase was driven by strong gains in inflows to Egypt (12.6 percent to $33 billion) and to Morocco (25 percent to $9.3 billion), return migration and transit migration respectively, playing important roles in the favorable outturns.

Remittance receipts for the Maghreb (Algeria, Morocco, and Tunisia) surged by 15.2 percent, driven by growth in Euro Area. Flows to several countries fell in 2021, including Jordan (6.9 percent decline), Djibouti (14.8 percent decline), and Lebanon (0.3 percent decline). For the developing MENA region, remittances have long constituted the largest source of external resource flows among ODA, FDI, and portfolio equity and debt flows. The outlook for remittances in 2022 is one of slower growth of 3.6 percent due to risks stemming from COVID-19. Remittance costs: The cost of sending $200 to MENA fell to 6.3 percent in the first quarter of 2021 from 7 percent a year ago.

Remittances to South Asia likely grew around 8 percent to $159 billion in 2021. Higher oil prices aided economic recovery and drove the spike in remittances from the GCC countries which employ over half of South Asia’s migrants. Economic recovery and stimulus programs in the United States also contributed to the growth. In India, remittances advanced by an estimated 4.6 percent in 2021 to reach $87 billion. Pakistan had another year of record remittances with growth at 26 percent and levels reaching $33 billion in 2021. In addition to the common drivers, the government’s Pakistan Remittance Initiative to support transmission through formal channels attracted large inflows. In addition, Afghanistan’s fragile situation emerged as an unexpected cause of remittances in 2021 intended for Afghan refugees in Pakistan as well as for families in Afghanistan.

Remittances is the dominant source of foreign exchange for the region, with receipts more than twice as large as FDI in 2021. Remittance costs: South Asia has the lowest average costs of any world region at 4.6 percent. But sending money to South Asia through official channels is expensive compared with informal channels which remain popular. Cost-reducing policies would create a win-win situation welcomed by migrants and South Asian governments alike.

Remittance inflows to Sub-Saharan Africa returned to growth in 2021, increasing by 6.2 percent to $45 billion. Nigeria, the region’s largest recipient, is experiencing a moderate rebound in remittance flows, in part due to the increasing influence of policies intended to channel inflows through the banking system.

Countries where the value of remittance inflows as a share of GDP is significant include the Gambia (33.8 percent), Lesotho (23.5 percent), Cabo Verde (15.6 percent) and Comoros (12.3 percent). In 2022, remittance inflows are projected to grow by 5.5 percent due to continued economic recovery in Europe and the United States. Remittance costs: Costs averaged 8 percent in the first quarter of 2021, down from 8.9 percent a year ago. Although intra-regional migration makes up more than 70 percent of cross-border migration, costs are high due to small quantities of formal flows and utilization of black-market exchange rates.

Detailed analyses of trends in migration and remittances are available at www.knomad.org and blogs.worldbank.org/peoplemove. The Migration and Development Brief 35 highlights developments related to migration-related Sustainable Development Goal indicators for which the World Bank is a custodian: increasing the volume of remittances as a percentage of GDP (Indicator 17.3.2), reducing remittance costs (Indicator 10.c.1), and reducing recruitment costs (indicator 10.7.1).

Patoma Admin by — November 19, 2021 in News 0
UNDERSTANDING YOUR TIMES AND SEASON (ECCL 3:1-8).

By Pastor Favour Abu Onoja

 

God said “I will return to you according to the time of life”. The question here is, do you know your time of life? Few years ago I asked The Lord in the place of prayer “When do I know it is my time?” That is after I have been to the United Kingdom for three consecutive times and have not been able to preach in any Church. I initially sought the consent of my friend to give me his contacts in the United Kingdom so I can speak in their Churches, but none worked out. It was then I sought The Lord in the place of prayer and asked God that question. I was glad at the answer He gave to me. He said “When it is your time, the things you are looking for will be looking for you”.

Anything you birth and produce outside His season does not last. It can be bitter and easily be destroyed.  Moses did not understand the times and season of God for his assignments, so he struck before the time and that made him to run away in obscurity for forty (40) years, from what he was anointed, ordained to confront and handle at that time. Thank God he later recovered and fulfilled his assignment in life.  Some other persons cases were different. They got wounded in the process, died and never fulfilled the call of God upon their lives. When you operate outside His time for you in life, you will automatically experience delay, rejection and hatred.  Another example can also be seen in the life of Joseph, how his brethren hated him because he revealed his dreams before the time.

Understanding your season in life, produces boldness and courage to confront every spirit of intimidation and the giants that has stood and confronted your destiny. Understanding this season requires waiting.  Job speaking in Job 14:14 said “I will wait until my change comes”.  You must also know when the waiting season is over. The Lord is good unto them that wait on Him. It is good that a man should both hope and quietly wait for the salvation of the Lord (Lamentation 3:25-26). Blessed is he that waited (Daniel 12:12). Wait on thy God continually (Hosea 12:6). I will look unto God my salvation. I will wait for the God of my salvation: My God will hear me (Micah 7:7). And, behold, I send the promise of my father upon you; but tarry ye in the city of Jerusalem, until ye be endued with power from on high (Luke 24:49). No waiting, no endument. No power, no manifestation. You need power to reign. David waited for Seventeen (17) years to ascend the throne that was promised him, with all the arsenals that Saul threw at him. When you understand your time, you are at peace and God will also preserve you from the hands of your enemies.

Jerusalem is your place of waiting and development (Acts 1:8). Judea and Samaria is your place of reigning and manifestation. You may manifest in Jerusalem, but much more your manifestation is in Judea, Samaria and the utter most parts of the World. By the time Moses had undergone Forty (40) years of training and development, he now came back to confront what he initially ran away from, Forty (40) years ago. This can be seen when he was used of God to confront the gods of the Egyptians and judged their land with Twelve (12) major plagues/miracles. And by the time he was through with them, even Pharaoh himself, begged them to leave in a hurry (Exdous 12:1-36).

Immaturity can cause Ministry to be destroyed. It brings about delayed prophecies and stagnation. It is the same reason why God have not entrusted some persons with resources because they will not know what to do with it.

A testimony was given of a Pastor who waited on God for a long time for breakthrough to come. And when it eventually came, he went and lodged in a Five Star Hotel for Ten (10) Days, and squandered all the money like the prodigal son. Until we are mature and come out of prodigality, certain things would be denied us. The prophecy was delayed for additional Thirty (30) years because of immaturity.

Joseph waited for Thirteen (13) years. Jesus our Mentor waited for Thirty (30) years before His endorsement by heaven (Luke1:80). Hear the commendation: “This is my beloved son, hear him”. The reason why people are not hearing you and why we witness opposition sometimes, is a clue that we are not in our season. No wonder, He experienced such a weight of glory and high level of impact. He passed through the earth like a wild fire, with such a terrific anointing, that we are still reaping from till today. He witnessed such stupendous speed. He finished His assignment in Three years & Six months. Jesus told His disciples to tarry (wait) in Jerusalem until they be endued with power (unction) from on high. Don’t be in a hurry. Don’t seek for alternatives (shortcuts).

I was preaching several years ago and these words leaped out of my Spirit, “don’t seek for alternatives, for Rachael carried babies of destiny”. Be mindful of what you give birth to. What you give birth to is your ticket to the next generation.

The Bible said, “They are like arrows shut forth (Psalm 127:4-5). At the time God opened her womb in Genesis 30:22-25 and she gave birth to Joseph, Leah had already gotten Six Sons and a daughter. But when the genealogy of Jacob was to be mentioned in the Scriptures, God bypassed all the sons of Leah and picked Joseph because he was born in due time. His name came, on the front line.

PROPHESY:
Brethren, I prophecy into your life now, that your Joseph has come. For some of you, it will come in the form of a job, a wife, a husband, children, contracts, business opportunities and open doors, in the Name of Jesus. I decree and declare that God will remember you for good, in Jesus name (Genesis 8:1-6).

WORDS OF WISDOM
When you wait:

1. You will not waste.

2. Your output, productivity, impact and influence will outweigh those who had gone ahead of you.

3. The weight of glory and speed is stupendous (Luke 24:49).

4. Secrets are revealed to you.

5. Your character is developed, tested and proven.

6. You are announced and released to your generation.

7. Assignments and things worthy of note are committed into your hands.

8. Your resources and inheritances are given to you.

9. The process is hastened.

PROPHESY:
–  The waiting period is over.

–  Your influence will be noised abroad (Mark 2:1,2).

–  You will be noticed from henceforth.

–  You are loosed (Matthew 21:1-10).

–  Every garment of rejection, hatred, opposition that you have been identified with, catches fire, right now (Zechariah 3:1-8).

–  A new anointing is coming upon you, now.

The Bible said “….. he entered into Capernaum after some days; and it was noised abroad that he was in the house…”. Previously, I have been reading “when he entered into Capernaum”, but now, God opened my eyes and I saw “Again” (Mark 2:1). This means that He had been entering into the city before, without being noticed. But on that particular day, His Heaven opened. In Revelation 4:1-2, John said: “I looked and a door was opened”. Someone’s heaven has just been opened right now, in Jesusname.

Elijah told his Servant to go “Again” (1 Kings 18:41-46). That is, “Go Again”, even if you have been denied before. Another Scriptural Examples can be seen in the case of the woman before the Unjust Judge in Luke 18:1-8. See again. Re-open the wells that had been closed by your enemies. And Isaac dug another well (Genesis 26:15-33). See again that opportunity that had been closed. Go again until you see the breakthrough. Elijah’s servant went Six (6) times and Elijah said, “go again” inspite of the negatives reports. Persistence wears of Resistance. He went the Seventh (7th) time and the number Seven is the number of completion, finality, the number of the anointing (The Seven Spirits of The Lord in Isaiah 11:2), the blessing and the rain.

For some of you now, the door has just been opened, but we have not noticed it because we are so blinded with our past experiences and hurts, that we can’t see. Like Hagar in Genesis 21:14-19, who was so blinded by her past, she sat by the provision, but never saw it, until God opened her eyes.

While for some others, they have seen it, but refuse to step out in in faith and take their inheritance, on the premise of excuses, like the man by the pool of Bethesda for Thirty- eight(38) years.

You have to look: Look here talks about your sight, your spirit man. If you can see it in your spirit, it is takable. God told Abram (Genesis 13:14-18), “And The Lord said unto Abram after Lot was separated from him, lift up now thine eyes, and look from the place where thou art northward, and southward, and westward. For all the land which thou seest, to thee will I give it, and to thy seed forever. In Mark 16:1-8, when Jesus was to resurrect, the cry of Mary Magdalene was “who shall roll away the stone?” Meanwhile, the stone had already been rolled away by the Angel.

What you are crying after had already been taken care of. Fear not, little flock, for it is your Father’s greatest pleasure to give you the Kingdom (Luke 12:33). But when she looked, she saw that the stone had been rolled away. Note that what can stop your tears and crying is your sight. It is therefore time for you to look away from the setbacks, emotional pains, delays, devastation, destruction, nothingness, unemployment, lack of Favour, and lack upon the nations of the earth (Economics Recession) and look unto Him, as your source.

When you look unto Him, strength and direction comes. Look away from whatever had been done to you and praise your way through the wilderness. Don’t be like the children of Israel who hanged their Harps. Their very instrument of victory was hanged. Look away from the bitterness, pain, unforgiveness and love again ( Psalm137:1-3). Don’t hang your Harps, for it is an instrument for your breakthrough. In the midst of this, God will use you and I to usher in abundance to the Nations. The cure for Economics Recession lies in our hands (Isaiah 60:1-22).

Pastor Favour Abu Onoja
Global Impact Revival Assembly International
P. O. Box 16504
Zone 3, Wuse-Abuja,
FCT – Nigeria.

E-mail: onojaaf@yahoo.com
Tel No: +234(0)8055842594
+234(0)7034893375

Patoma Admin by — November 19, 2021 in Lifestyle 0
US, Nigeria sign $2.17 bn development objective assistance agreement

By Favour Nnabugwu
The United States of America and Nigeria, have, signed a $2.17 billion Development Objective Agreement for a healthier and more educated Nigeria.
Secretary of State for the United State of America,, Anthony Blinken in his official visit to President Muhammadu Buhari at the Presidential Villa on Thursday in Abuja, where the agreements were signed.
According to him, the agreement will also promote and expand energy access, economic growth and revitalise democracy.
He stated: “Home to Africa’s largest population, democracy, and economy, Nigeria is one of our most important partners on the continent. Nigeria’s stability and prosperity are inseparable from that of the region.
“The year 2020 was historic, as Nigerians reflected on the opportunities and challenges facing the country while marking the 60th anniversary of their independence and the beginning of bilateral relations with the United States.”
On the US governments response to the Covid-19 pandemic, he said, “The United States and Nigeria have collaborated closely to combat the COVID-19 pandemic.
 More than 60 interagency members from the U.S. Mission worked side-by-side with Nigerian counterparts, including on the COVID-19 Presidential Task Force, to plan and respond to the pandemic.
“In partnership with COVAX or bilaterally, the United States has provided more than seven and a half million doses of COVID-19 vaccines to Nigeria and provided more than $119 million in COVID-19-related health and humanitarian assistance.
“This includes a 40-bed mobile field hospital; support for ventilators and personal protective equipment; technical assistance with vaccine readiness;
conducting epidemiological COVID-19 detection and vaccine hesitancy surveys; setting up electronic record systems; providing rapid response teams; training over 200,000 military and civilian personnel on COVID-19 control measures;
developing and disseminating targeted education and prevention information through multiple channels; and transferring technology for virtual training.
“In addition, the U.S. Centers for Disease Control and Prevention helped establish a network of 153 COVID-19 testing labs nationwide.”
Patoma Admin by — November 19, 2021 in News 0