Business
Prince Kazeem Eletu Odibo Foundation Empowers Youths, Women
The Prince Kazeem Eletu Odibo Foundation, has mapped special empowerment programmes targeted at women and youths to alleviate poverty, as well as offering future prospects.
Speaking at the unveiling of the Foundation to commemorate his 40th Birthday Anniversary, a glamorous event held at the Great Banquet Hall of Civic Centre, Victoria Island, Lagos, Founder of the Foundation and Chairman, Kazeem Royal Properties Limited, Prince Kazeem Eletu Odibo, pointed that the poor socio-economic conditions of youth and women have become quite worrisome in Nigeria and there is need for a new structural and sustainability approach to tackling the menace.
Eletu Odibo, who was recently awarded an honorary Doctorate and United Nations Ambassadorial award in Washington DC, USA, decried that the poverty level among Nigerians especially the young ones who hold the prospect of better future deserves to be tackled with basic amenities that can make them useful to the society at large.
True to his philanthropic gestures, no fewer than 40 beneficiaries comprising of Artisans such as Hair Dressers, Barbers, Tailors, Indomie Sellers, Tie-and-Dye makers, Caterers, Make-up Artists, Plumbers among others were empowered with vocational skills working tools. Some of the items doled out to the beneficiaries include electric jugs, ovens, electric kettles, bags of parboiled rice, sewing machines, dryers, clothes, etc.
According to Eletu Odibo, “Many young ones and other less privileged in the society would be reached with support to help them provide the basic amenities needed to live above the poverty level.”
Born February 14, 1978, Ambassador (Dr.) Prince Kazeem said the focus of the Foundation is working to eradicate poverty through education and personal development programmes including school improvement, access to quality education and community motivation and participation predominantly in some less privileged areas across Nigeria.
Meanwhile, present at the unveiling were eminent personalities comprising of respected monarchs, envoys, career diplomats, academics, politicians, former and serving leaders at the Federal Level and across the States of the Federation, his business associates among others.
Earlier, in a statement, the Executive Director of the Foundation and Chairman, Local Organising Committee of the event, Mr. Victor Gotevbe, expressed happiness over the berth of the Prince Kazeem Eletu Odibo Foundation, saying “the Foundation has come to alleviate poverty and foster the social and economic condition of the disadvantaged in our society.”
Gotevbe said: “As we celebrate this monumental milestone of making the Prince Kazeem Eletu Odibo Foundation a reality, it is important to take a moment to appreciate the Almighty God who has made it possible for us in creating a positive change for a brighter and better tomorrow for the less privileged which is our Mission: To alleviate poverty and foster the social and economic condition of the disadvantaged in our society. Our Celebration is not so much a festivity but a solemn occasion to pause and recollect that our country, Nigeria since its independence undoubtedly shows that it is blessed with enormous natural and human resources but remains a paradox; with so many people living in poverty. Hence, it is a reminder to look ahead the mountains we must climb in bringing succour to the needy.”
Similarly, the Managing Director of the Foundation, Mrs. Bolanle Adebayo, stated that, “in order to accomplish its goals, the Prince Kazeem Eletu Odibo Foundation shall frequently join efforts with organizations, institutions and individuals; provide financial support, awards scholarships and prizes on a competitive basis; organize charity events; assist in the organization of symposia, conferences, seminars, exhibitions etc.”
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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