Anointing

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[Gbadebo Rhodes-Vivour @GRVlagos]

Earlier today, I joined the sunrise daily team to discuss the credibility crisis the government is facing, it’s poor distribution of palliatives and the depth of tokenisim in Lagos State government, especially as regards the delivery of the rail transportation in Lagos.

Aside the HUGE discrepancies in the actual cost of projects between the contractors and the state state govt, the state must sit up, complete the blue line so that it won’t be my children celebrating the completion of the orange line and my grandchild the green line.
watch the full interview here
https://t.co/6LnIhnNryS
#ourlagos

[Peter Obi @PeterObi]

It is with utmost delight that I received the award - The Politician of the Year 2023, from the Abuja-based Leadership Newspapers Group Limited.

[Peter Obi @PeterObi]

Just as I tweeted my condolence on the death of Nollywood actor Sisi Quadri, a lot of people, through my comments section, called my attention to the death of veteran Nollywood actor, John Okafor, popularly known as Mr Ibu.

[Pearls @MissPearls]

Peter Obi won the election not because he is Igbo or from the South East

Not because of his tribe or ethnicity

Not because it’s his turn

But because he has the character, competence, compassion and capacity to deliver good governance

NEVER FORGET!

[Peter Obi @PeterObi]

I must caution that what the Nigerian economy needs now is hard headed practical originality and results. Tinkering with classical economic theories can only deepen our crisis. -PO

[Peter Obi @PeterObi]

which will make products, especially food, cheaper. This way we would increase our productivity as well as restore the confidence of FDIs and FPIs to come back to the country.

[Peter Obi @PeterObi]

The most critical way to manage our high rate of inflation and decline in production is for the government to address the issue of insecurity in the country, which will allow for increased food, and crude oil production, and an overall increase in production,

[Peter Obi @PeterObi]

the new MPR rate hike will push the interest rate on loans to above 30%, which would be very difficult for the real sector operators especially manufacturers and SMEs to repay; resulting, obviously, in increased bad loans, and worsening the nation's economic situation.

[Peter Obi @PeterObi]

So, this measure would rather be counterproductive as it would not address the intended purpose of managing the money supply. These new measures will worsen the fragile economy as the supply of funds would dry up for the real sector, and

[Peter Obi @PeterObi]

which is the major cause of inflation in Nigeria. Moreover, only about 12% of N3.6 trillion of the total money in circulation is in the banking system which means that 88%, about N3.2 trillion is outside the banking system.

[Peter Obi @PeterObi]

cause more job losses in the productive sector, especially manufacturing and other sectors that rely on bank loans and credit facilities for their funding needs. Tightening liquidity in the financial system does not improve productivity, ie food production,

[Peter Obi @PeterObi]

I am of the strong opinion that the recent decision of the Monetary Policy Committee to increase the Monetary Policy Rate, MPR, to 22.5% and the Cash Reserve Ratio, CRR, to 45% will further worsen the economic situation of most Nigerian households as it is bound to

[Peter Obi @PeterObi]

Let me confess that the label of being a vintage Onitsha-based trader does not in any way confer on me the status of an economic expert. With my vast trading knowledge and my involvement in the real sector,

[Peter Obi @PeterObi]

As the Late President of Namibia, Hage Geingob, is laid to rest, I wish to, once again, sincerely commiserate with the government and good people of Namibia over this sad loss. I recall my meeting with him in 2018/2019, and we had many progressive discussions.

[Peter Obi @PeterObi]

Just yesterday, I read the saddening reports of how the search for cheap rice claimed the lives of some Nigerians in Lagos. According to the report, a massive crowd of hungry Nigerians had besieged the Zonal Office of the Nigerian Customs Service in Yaba, Lagos,

[Peter Obi @PeterObi]

May God comfort the families of the victims who lost their lives to this sad incident, grant them eternal rest, and grant quick recovery to the injured. -PO

[Peter Obi @PeterObi]

The building materials must also meet the specifications for each building project. I call on the government to put measures in place that will ensure that building projects across the country meet the required standards and specifications.

[Peter Obi @PeterObi]

I sincerely believe that issues of building collapse will be a thing of the past if we comply with the building standards and procedures. Only trained, licensed, and professional building personnel should be allowed to take up building projects.

[Peter Obi @PeterObi]

I also advise the general public to always ensure that they strictly comply with the laid down rules, regulations, and operational procedures governing the building and construction industry.

[Peter Obi @PeterObi]

While thanking everyone who helped in rescuing some trapped victims from the collapsed building, I urge the government to investigate and unravel the root cause of the building collapse.