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Group Hails CBN’s Decision To Raise MPR To 13% After 2 Years

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…commends Emefiele’s achievements

…calls on police to arrest those behind fake news on alleged Emefiele’s sack

A group called South West Professional Forum, SWPF, Thursday, hailed the decision of the Central Bank of Nigeria, CBN, to raise the Monetary Policy Rate (MPR) to 13 per cent after two years.

Mr Godwin Emefiele

SWPF made the commendation in an address signed by Coordinator, SWPF, Comrade Gbenga Ganzallo, Secretary, OYPF, Chief Bolanle Akinwummi, and Public Reelations Officer, SWPF, Olakunle kolawole Ebenezer Esq, at a press conference held in Abuja.

The Forum pointed that the CBN Governor, Godwin Emefiele, is a man of foresight and a core professional who has been patriotic in handling the affairs of the economy along with his team of seasoned professionals, and added that the increase of the MPR to 13 per cent after two years was a step in the right direction to ensure the economy is sustained amidst daunting challenges from the global and local fronts.

The group said, “The Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, is a patriotic Nigerian and professional to the core who has used his wealth of experience to keep the economy afloat despite global and local challenges.
“We want hail Emefiele and his seasoned team of professionals that is the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to vote unanimously to raise the Monetary Policy Rate (MPR) to 13 per cent on Tuesday, and indeed is a very crucial decision for national interest.

“We support the new MPR at 13 per cent because this will further consolidate on other policies the CBN have come up with and that would strengthen the economy, hence serving as a baseline interest rate in an economy, which other interest rates used within such an economy is built on it.

“And as the CBN boss has rightly said, ‘The sharp rise in inflation across both the advanced and emerging market economies has generated growing concerns among central banks as the progressive rise in inflation driven by rising aggregate demands and wage growth has put sustainable pressure on price levels’.

“We agree with him as he also explained that consequently, the major central banks such as the U.S. Fed, the Bank of England, European Central Bank, and Bank of Canada has provided strong guidance of a progressive shift away from monetary policy accommodation to drive market interest rate which may ultimately impact capital flows away from emerging market economies.

“On this we throw our weight behind his decision because it would add more value to the economy and allow businesses to thrive, and also attract investors in all sectors of the economy.”

The group also called on Nigerians to support the CBN Governor, and also to join hands with him to create a virile economy and conducive business environment for Nigerian businesses and those coming in.

Meanwhile, the group highlighted some salient achievements under the leadership of the CBN Governor since he has been in office, which it pointed that despite the harsh financial state of the country, he also introduced several policies to support the poor; the farmer’s Anchor Borrower Programme that just witnessed first of its kind of rice pyramid a few months ago.

“When Godwin Emefiele assumed office as the 10th indigenous Governor of the Central Bank of Nigeria on June 3, 2014, he promised to build a resilient financial system that can serve the growth and development needs of the Nigeria economy.

“Today, even the blind, deaf and dump can attest to the fact that the Apex Bank’s policies and programmes have been so designed in such a way that jobs are being created and fostering inclusive growth.

“In addition, to key macroeconomic concerns such as inflation and exchange rate stability in the country.

“He has been able to mobilize the private sector and salvage the situation, despite the harsh financial state of the country, he also introduced several policies to support the poor; the farmer’s Anchor Borrower Programme that just witnessed first of its kind of rice pyramid a few months ago.

“Through his people based policies, Nigerians have been offered numerous interventions and support for Small Medium Enterprises, SMEs and others.

“And this has created support base for local companies to be competitive, and evidently, this support culminated in the commissioning of the Dangote Fertilizer Company, and these are aimed at supporting Nigerian farmers to produce more food and also create jobs.

“Under his watch in CBN for the first time, he ensured diversification of the source of the economy from the oil sector to the non-oil sector.

“We can go on and on about Emefiele’s professional policy formulation that has been so all encompassing and not leaving any segment of Nigerians behind, but has carried Nigerians along with the policies and programmes of the CBN.”

However, the group in its address unanimously called on the Nigerian Policy Force to arrest those who have reported and spread fake news about the purported sack of the CBN Governor on Wednesday.

“We condemn those who just woke up from their mischief to relay fake news about the alleged sack of the CBN Governor on Wednesday.

“This is handiwork of some politicians who have nothing to offer because they have run out of steam and are only out to blackmail the CBN Governor with such sponsored fake news.

“We want to call on the Nigerian Police Force, and other relevant security agencies to go after and arrest those who are behind this fake news, and should be dealt with accordingly because this is not good for the image of our revered Apex Bank”, the group added.

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NDDC At 25: Cross River’s Cynthia Oloko, 19, Emerges Second Place Winner At Miss Niger Delta 2025

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...Deputy Governor, APC Chairman, and Senators Celebrate Her with Generous Cash Gifts

Miss Cynthia Iyowogoga Oloko, a 19-year-old from Cross River State, has emerged as the first runner-up (second place) at the Miss Niger Delta 2025 beauty pageant. The event, held in Port Harcourt, Rivers State, was part of the 25th Anniversary celebrations of the Niger Delta Development Commission (NDDC).

Cynthia, a final-year student of Rivers State University of Science and Technology, where she studies Human Anatomy, competed alongside nine other contestants representing the nine states of the Niger Delta—Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Rivers.

Crowned with the title “Pride of the Niger Delta”, Cynthia received a cash prize of ₦7.5 million for placing second in the pageant.

In recognition of her achievement and the pride she has brought to Cross River State, several political leaders and dignitaries extended their support. The Deputy Governor of Cross River State, Rt. Hon. Dr Peter Odey, gifted her ₦3 million, the APC State Chairman, Barr. Alphonsus Ogar Eba, Esq., JP, contributed ₦1 million, while the state’s two Senators jointly supported her with another ₦3 million—bringing her total cash reward to ₦14.5 million.

According to the organisers, all nine contestants underwent intensive training and were empowered with skills and starter kits to help them become self-reliant and impactful in their communities.

The Miss Niger Delta pageant is designed not just as a beauty contest, but as a platform to empower young women across the region. It aims to nurture leadership, entrepreneurship, and community development among participants. The initiative is rooted in the belief that empowering women is key to building stronger families, communities, and society at large.

Many past participants have gone on to become successful entrepreneurs and community leaders. The programme, sponsored by the NDDC, is part of its commitment to identifying and nurturing young talents in the region.

This year’s overall winner received a brand-new car and ₦10 million, while the second runner-up (third place) received ₦5 million. The remaining six contestants each received ₦1 million as a consolation prize.

Miss Cynthia Oloko was born in 2005 to Engr. and Mrs Cosmas Oloko Ekawu. She attended Trailblazers Academy in Gwarinpa, Abuja. Her hobbies include swimming, running, networking, and travelling. She aspires to build a career in entrepreneurship and politics, with a strong passion for leadership and community development.

Congratulations Miss Cynthia

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Yala LG Boss Dissolves Revenue Agencies

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The Chairman of Yala Local Government Area, Cross River State, Hon Dr Fred Okem has dissolved all revenue agencies operating in the Council with effect from 31st December 2024.

Hon Dr Fred Okem, Chairman Yala Local Government Area

This was contained in a release on Monday 6th January 2025 by the Chief Press Secretary, Emmanuel Unah.

The Chairman also cautioned that anyone who flouts the directive would be handed over to the security agencies for proper action in line with relevant laws.

The local government helmsman is expected to reposition the revenue agencies with the aim of boosting internally generated revenue in the council for adequate measures towards the development of Yala in line with the People First Agenda of the State government.

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NUJ FCT Chairman, Grace Ike Named Nigeria’s Media Personality of the Year 2024

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The Chairman of the Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Council, Ms. Grace Ike, has been named Nigeria’s Media Personality of the Year 2024. This prestigious recognition was conferred by the Editorial Board of Good Governance Today Nigeria at a grand ceremony held at the National Merit House, Abuja.

NUJ FCT Council Chairman, Comrade Grace Ike

In addition to the honour, Ms. Ike was inducted into the Good Governance Today Nigeria Hall of Fame—a testament to her exemplary contributions to leadership and professional journalism in Nigeria.

The award acknowledges Ms. Ike’s uncommon leadership qualities and her unwavering commitment to advancing journalism as a tool for national development. Her selfless service to humanity, her state and the nation has made her a beacon of hope and inspiration for many.

Speaking at the event, the organiser and the managing editor of Governance Today , mr Sylvester Abudu Omose commended Ms. Ike’s visionary leadership and her remarkable strides in reshaping the landscape of journalism in Nigeria. Her relentless dedication to using journalism to advocate for transparency, justice, and public enlightenment was described as both inspiring and transformative.

“Ms. Grace Ike’s achievements transcend the ordinary. She has redefined what it means to serve humanity through journalism. Her work exemplifies the power of the media in fostering societal progress and governance,” the board stated.

In her acceptance speech, Ms. Ike represented by one of her media aides, mr Ademola Adepoju expressed her gratitude for the recognition and attributed her success to the collective efforts of her team at NUJ FCT Council and the support of stakeholders in the journalism community. She reiterated her commitment to promoting ethical journalism and upholding the values of truth, accountability, and service to humanity.

“This award is not just a recognition of my efforts but a call to do even more. Journalism is the lifeline of democracy, and we must continue to use it to uphold justice and transparency for the betterment of our society,” Ms. Ike remarked.

The event was attended by dignitaries from the media, government and civil society, who lauded Ms. Ike’s achievements and pledged continued support for initiatives that promote good governance and ethical journalism in Nigeria.

As Ms. Grace Ike steps into the Good Governance Today Nigeria Hall of Fame, her legacy as a leader, journalist, and advocate for humanity continues to inspire a new generation of professionals committed to making a difference in their communities and the nation at large.

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