Business
Aliko Dangote Foundation Joins Global Leaders To Fight Malnutrition – Pledges Us$100 Million For Nigeria
The recently concluded Global Nutrition Summit 2017, held in Milan, Italy, convened governments, international agencies, foundations, civil society organisations and businesses to accelerate the global response to malnutrition, an underlying cause of nearly half of all global child deaths.
A major highlight of the Summit was the pledge by the Aliko Dangote Foundation to invest US$100 Million over five years to tackle malnutrition in the worst-affected parts of Nigeria. The Aliko Dangote Foundation is the philanthropic organization of Aliko Dangote, founder and Executive Chairman of the Dangote Group, Africa’s largest homegrown conglomerate.
The Global Nutrition Summit is the global forum of the United Nations Decade of Action on Nutrition (2016-2026). This year’s edition was held in close partnership with a number of international stakeholders including the U.K.’s Department for International Development, the World Health Organization, the Food and Agriculture Organization of the United Nations, the Bill & Melinda Gates Foundation and the International Coalition on Advocacy for Nutrition. The governments of Ethiopia, Ivory Coast, Burkina Faso and Zambia all made commitments to expand their nutrition programmes and the Summit succeeded in galvanizing US3.4 billion according to the organisers.
Malnutrition affects every country in the world in various forms, however Africa is particularly hard hit and Nigeria is home to the highest numbers of malnourished children. Almost half of the one million children who die before the age of five every year in Nigeria, die of malnutrition as the underlying cause. Without the proper nutrients during the first 1,000 days of life starting from conception up to their second birthday, children are less likely to survive childhood diseases such as malaria and pneumonia, and are less likely to escape poverty as adults. They become physically and cognitively stunted, a fate that has befallen 11 million of Nigeria’s children under five.
The Aliko Dangote Foundation’s Managing Director and CEO Zouera Youssoufou said: “Nigeria’s high malnutrition rate is undermining progress towards improving child health and survival and putting the brakes on economic development. By investing in nutrition, we aim to directly improve the lives of Nigerian families and to empower our citizens to reach their full potential.”
The Global Nutrition Report 2017, launched at the Summit, showed that, in spite of progress, 155 million children globally are still stunted and the world is off track on meeting internationally agreed nutrition targets. Financing to tackle malnutrition has been alarmingly low. Donors spend about 0.5 percent of overseas aid on nutrition, and countries allocate between one and two percent of their health budgets to the issue.
“The global malnutrition crisis endangers the physical and mental wellbeing of present and future generations” said Kofi Annan, speaking at the summit in his capacity as Chair of the Kofi Annan Foundation. “Progress in tackling both undernutrition and obesity is possible with targeted commitments, like those made here today. We need further urgent investments so that people, communities and nations can reach their full potential.”
Through his Foundation, since 1993, Aliko Dangote has made significant social investments in health, education, economic empowerment and disaster relief. He is now becoming the strongest voice for nutritional leadership nationally and on the continent of Africa. By making this unprecedented US$100 Million commitment, the Aliko Dangote Foundation is on a mission to reduce the prevalence of undernutrition by 60 percent in the most needy areas of Nigeria, specifically the North East and North West, where malnutrition has affected millions of lives and crippled the local economy.
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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