Where is the ease of doing business ?
ECONOMIC GROWTH AND STABILITY CANNOT BE ACHIEVED VIA LIES AND PROPAGANDA ..
The real interest rate concept. When central banks set their benchmark rates, they typically target a real rate near 2%
Historically, in developed economies, nominal policy rates minus the inflation rate average out to around a 2% difference e.g.4% interest rate and 2% inflation) to encourage stable economic growth. [
However, the exact figures for inflation and monetary policy rates vary depending on the specific country:
United States: The Federal Reserve has maintained the Federal Funds Rate at \(
3.63% while U.S. inflation sits around 3.2% This yields a much tighter real difference of just 0.43%
Eurozone: The European Central Bank (ECB) holds its deposit facility rate at 2.25% and euro area inflation is steadily approaching their 2% target.
United Kingdom: The Bank of England holds its base rate at 3.75% while U.K. inflation hovers higher, at 2.8%
South Africa’s consumer inflation stands at 4.5% year-on-year, while the South African Reserve Bank (SARB) sets the benchmark repo rate at 7.0% (with the prime lending rate at 10.5%). This results in a real interest rate (repo rate minus inflation) of approximately 2.5%, aligning with the central bank's stance.The spread between inflation and the policy rate is managed to keep consumer inflation anchored near the SARB's target midpoint of 3.0% (within a 3% to 5% tolerance band
NIGERIA
NIGERIA ....MPR is 27%... The Real Inflation rate is 23%-25%
But, the manipulative clowns at the NBS wants the gullible world to believe that inflation rate is 14%
How do you properly manage and built up an economy based on propaganda and falsehood
Yemi Cardoso and his team at the CBN knows the true rate of Inflation in Nigeria, thus, they have refused to lower MPR to 17% , which would have been the ideal level, if the TRUE INFLATION RATE IS 14%...
ECONOMIC GROWTH AND STABILITY CANNOT BE ACHIEVED VIA LIES AND PROPAGANDA ..
Today is World Refugee Day.
Yet, millions of Nigerians have become refugees in their own country. Across the North and other parts of Nigeria, communities have been displaced by terrorism, banditry and violent attacks, with IDP camps now a painful symbol of our national failure to protect our people.
Many of these camps are grossly underfunded and inadequate for the thousands forced to live there. Families struggle daily for food, healthcare, education and basic dignity. For many, survival has become their only reality.
Children are abducted from schools. Families are forced to flee their homes. Farmers abandon their lands. Citizens live in fear of kidnapping and violence.
Worse still, with insecurity continuing to spread and intensify, there is little hope for many displaced Nigerians to return to their communities and rebuild their lives safely. This is not OK
On this World Refugee Day, we must remember that behind every statistic is a human life disrupted, a family uprooted, and a future put on hold. Nigerians deserve safety, dignity and the right to live peacefully in their own country.
A new Nigeria is POssible. -PO
In Support of Healthcare Delivery and Human Dignity
Today, I visited the Mother of Christ Specialist Hospital, Enugu State, which was recently affected by a devastating fire incident. During the visit, I inspected the damaged sections of the hospital, including the children’s ward, and made a donation of ₦10 million to support the ongoing renovation efforts.
I commend the Reverend Sisters of the Immaculate Heart of Mary and the hospital management for their commitment to healthcare delivery and service to humanity. Their sacrifice and dedication, often carried out with little recognition, remain invaluable to our society.
Healthcare and education are among the most critical needs of any nation. No meaningful development can occur where these sectors are neglected. It is, therefore, imperative that we continue to support institutions and individuals working tirelessly to provide quality healthcare and educational services to our people.
I encourage the management not to relent in their noble mission despite the challenges they face. As a society, we must collectively invest in and strengthen facilities for healthcare, education, and poverty alleviation.
A new Nigeria is POssible. -PO
Nigeria has a Ministry of Innovation, Science & Technology.
Can anyone name one world-class innovation, invention, or breakthrough that has transformed the lives of ordinary Nigerians from that ministry?
To make matters worse, we appointed a lawyer to lead it.
Innovation is too important to be ceremonial.
Happy Birthday to a dogged soldier in faith, Anthony Cardinal Okogie.
Today, I joyfully join the Catholic community in Nigeria, in particular the Archdiocese of Lagos and the entire nation, in celebrating a true soldier of Christ and an exemplary leader, His Eminence, Anthony Cardinal Okogie, Emeritus Archbishop of Lagos, on his Triple Milestones.
We give immense thanks to God as His Eminence marks his 90th Birthday Anniversary, 60th Priestly Ordination Anniversary, and 55th Episcopal Ordination Anniversary today, June 16, 2026.
Cardinal Okogie’s life has been a remarkable testament to inimitable faith, courage, and deep commitment to justice and the welfare of the common man. His fearless voice in defence of truth and good governance continues to inspire generations.
May the Almighty God grant him continued good health, peace, and abundant blessings as he continues to guide us with his wisdom.
Happy Birthday, Your Eminence! -PO
Those of you who operate special centers or aid any form of exam fraud in the South East, you better stop now.
We will find you, report you to the authorities, and ensure the full weight of the law falls on you.
We need to restore integrity in our examinations.
It’s not normal for a child to get 5 A’s in WAEC and still struggle to score 160 in JAMB.
Celebrating Global Excellence in Our Youth.
I am immensely proud to see the official tweet from former U.S. President @BarackObama , celebrating the incredible brilliance of our own Njideka @AkunyiliCrosby . Her exceptional talent has brought our shared history to the global stage through the unveiling of the first joint portrait of President Obama and former First Lady @MichelleObama .
This monumental achievement is a powerful reminder to Nigerian youths of what is possible when talent is met with hard work and discipline. Njideka, who is also the daughter of our late Dr Chike and Prof. Dora Akunyili, embodies the very best of the excellent Nigerian spirit.
As the great philosopher Aristotle rightly noted, excellence is not an accident; it is a habit, the result of high intention, sincere effort, and intelligent execution. Njideka's global success proves that true greatness comes from this consistent, daily dedication to one's craft.
I urge our young people to look up to
individuals like her as true role models. Success is not found in shortcuts, but in the relentless pursuit of excellence, honouring one's roots, and using your gifts to make a global impact. If we remain committed to merit and hard work, the new Nigeria we desire will be built by such exemplary minds.
With focused and hard-working youths, a new Nigeria is POssible. -PO
Sustainable Success Is Built on Competence, Integrity, Discipline and hardworking.
On Saturday, I had the privilege of interacting with young entrepreneurs, professionals, business leaders, and members of the emerging generation at the This Generation Conference hosted by Summit Bible Church in Abuja.
Our discussion focused on what it takes to thrive in the marketplace despite prevailing economic challenges. I shared insights from my years in business and public service, emphasizing that sustainable success is built on integrity, competence, discipline, and a commitment to creating value for society.
I reminded participants that no nation develops by consumption alone. Nations progress when their citizens are productive, innovative, and committed to excellence. Our young people must resist the temptation of shortcuts and instead embrace education, skills acquisition, entrepreneurship, and ethical leadership.
The future of Nigeria depends largely on the quality of leadership and enterprise this generation is willing to build. We must move from a culture of sharing poverty to one of creating prosperity through production, innovation, and responsible governance.
I left encouraged by the energy, intelligence, and determination of the young people I met. Their questions, ideas, and aspirations reaffirmed my belief that Nigeria’s greatest resource remains her people.
Together, through hard work, integrity, and purposeful leadership, we can build the New Nigeria that is POssible. -PO
Coping with the systematic collapse of our institutions.
When the controversy surrounding the removal of former Chief Justice of Nigeria, Walter Onnoghen, unfolded, I expressed a concern to a friend: that the greatest damage might not be immediate, but the message it sends about the sanctity and independence of our institutions to the world.
Strong economies are built on trust. Investors can manage security risks, policy risks, and even market risks. What they fear most is uncertainty in the rule of law and a judiciary that is perceived to be vulnerable to political pressure.
Today, many Nigerians have lost confidence in systems that should protect them. Businesses increasingly request that their contracts be governed by foreign jurisdictions because they have greater confidence in those institutions than in our own. That should concern every patriot.
We must never sacrifice our sacred institutions on the altar of politics. Nations rise when institutions are stronger than individuals. "The federal High Court Judgement ordering the de-registration of the ADC and other political parties is just one of those activities that further reduces the common man's trust in our legal systems" it should be reversed.
I pledge that we will restore the dignity, independence, and integrity of the Judiciary. The common man must have a voice. The business community must be protected from legal uncertainty and intimidation. Justice must be impartial, accessible, and respected by all.
To our judges, legal luminaries, senior advocates, and lawyers: this is your moment. Rise, defend the rule of law, take back your country!
A New Nigeria is POssible. -PO