Business
Adeosun, Idris, Fowler others to deliver lecture on Developing A National Revenue Sustainability Framework
The Coordinating Minister of the Economy and Minister of Finance, Kemi Adeosun will lead other top stakeholders to deliver a lecture on ‘Developing a National Revenue Sustainability Framework’ at the E-Revenue Sustainability Conference 2016, an annual forum organized by Intermarc Consulting Limited.
According to the organizers, the conference billed to hold from May 10 – 11 at the Shehu Musa Yar’Ádua Centre, Abuja will proffer strategies and tactics to grow revenues from existing and new IGR sources within the federation, while also exploring effective ways of collecting revenues electronically for the nation’s economic growth.
Other industry captains expected to speak at the event which will attract over 1000 delegates from all over the nation; both private and public sectors include the Accountant General of the federation, Ahmed Idris, Chairman, Federal Inland Revenue Services (FIRS), Mr. Babatunde Fowler, Executive Secretary, Joint Tax Board, Mr. M. L. Abubakar and the managing director of Heritage Bank, Mr. Ifie Sekibo.
Speaking with newsmen in Lagos, the chief convener from Intermarc Consulting, Mrs Davida Chibuike- Ahuama said that the forum which is the maiden edition will provide government and local authority an avenue to focus and tackle the challenges faced with identifying and sourcing for IGR revenue collect management and accountability across the continent.
“Solution providers and thought leaders will share their ideas and share best practices to authorities for pockets of excellence to be replicated.”
“The conference will demonstrate that a one-size-fits-all approach will not work and will explore the need to identify different policy responses for overall accountability in building robust and financially sustainable revenue collection in Nigeria.”
“The continued serious decline in price of oil in recent times has led to the drastic fall in the revenues available to the government of Nigeria, 95% of which is from oil and gas resources.”
“The impact of this negative development is felt in the area of revenue allocation to the various tiers of Government. The need for Federal, State and local governments to generate adequate revenue from internal sources has therefore become a matter of extreme urgency and importance.”
“This need underscores the eagerness on the part of governments to sustain the traditional areas of taxation through Internally Generated Revenues (IGR) as well as look for new sources of revenue in an innovative manner in order to grow revenue base and reduce loss. Taxation plays strategic role in the survival and development of a Nigeria Nation.” He noted.
Also speaking on the impact of the conference on the Nigerian economy, Mrs. Davida Chibuike noted that “Today, both taxpayers and tax administrators must cope with more difficult environments with fewer resources.
“The role of new technology in influencing the way a country’s tax system or particular taxes becomes an issue that needs urgent attention.”
“The realization of this fact has triggered much interest, planning and restructuring in the area of developing taxation, especially in the developing economies, including Nigeria”.
“Over the years, the federal government has been doing so much in revaluing, restructuring and reforming the Nigeria tax system with the primary objectives of making it the main source of revenue generation for the government as obtained in other developed countries.” She concluded.
For further information, please contact;
Davida – 08034394845 ([email protected]) and Igho – 08186949860 ([email protected])
You can also visit: www.prepaygo-ng.com
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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