OSCAR BRAVO PRODUCTIONS ANNOUNCES NEW NATIONAL SOCIAL IMPACT PROJECT — VOICE OF OUR SOCIETY. (PHOTO). #PRESS RELEASE.

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 OSCAR BRAVO PRODUCTIONS ANNOUNCES NEW NATIONAL SOCIAL IMPACT PROJECT — VOICE OF OUR SOCIETY Lagos, Nigeria — Oscar Bravo Productions, the renowned creative company and publishers of the widely celebrated Blissful Affairs Magazine, is pleased to introduce its latest national social responsibility initiative titled Voice of Our Society — an emerging platform dedicated to promoting awareness, advocacy, and community transformation across Nigeria. The new project, convened by Adaobi Promise Enekwa, has been established to address some of the nation’s most pressing issues, spotlighting what the organization describes as “Society’s Silent Killers.” These silent killers range from drug abuse, fake drugs, mental health neglect, reckless driving, environmental hazards, insecurity, and other hidden dangers affecting everyday Nigerians. As part of the early awareness phase, Voice of Our Society will be rolling out public education materials, online engagement content, advocacy visits, and pa...
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DANGOTE REJECTS CBN'S INTEREST RATE, ASKS FG TO PROTECT EXISTING BUSINESSES. (PHOTO).

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 Dangote Rejects CBN’s Interest Rate, Asks FG To Protect Existing Businesses


Chairman of the Dangote Group, Aliko Dangote, has criticised the hike of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN).


Speaking at the Banquet Hall of the State House, Abuja, during the opening session of a three-day summit organised by the Manufacturers Association of Nigeria (MAN), on Tuesday, he said with the present interest rate regime, it will be difficult to create jobs.


He added that it would also be tough for the manufacturing industry to grow and compete favorably.


Dangote, who also called for new policies that will protect domestic industries, said, “Nobody can create jobs with an interest rate of 30%. No growth will happen.”


He also called on the government to protect existing businesses in the country, especially manufacturers, by providing an enabling environment for them to thrive.


According to him, “We must look to leading countries in the West and the East who are actively protecting their domestic industries.”


Africa’s richest man further likened an import-dependence  to poverty importation.


“Import dependence is equivalent to importing poverty and exporting jobs. No power, no growth, no prosperity. Similarly, no affordable financing, no growth, no prosperity. There is no industrialization without protection Ignoring these facts, is what gives rise to insecurity, banditry, kidnapping and abject poverty,” he said.


At its last Monetary Policy Committee (MPC) meeting, CBN agreed to increase the Monetary Policy Rate(MPR) for the third straight time from 24.75 per cent to 26. 25 per cent.

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