Business
Chief Obafemi Awolowo’s Legacy Is Achievable In Ogun State Through Paseda
By _Solanke Ayomideji Taiwo_
Our father, Obafemi Awolowo, was an unrelenting searcher for information and knowledge about his society, country and world. A philosopher, a man of consistent efficiency and steadily high ideals in his private and public life, a man of titanic courage, an accomplished development planner, an endowed nation builder, an astute administrator, a great motivator, a wonderful leader of men and, above all, an inspired and inspiring teacher. It is one of the greatest joys of my life that, in my generation of Nigerian youths, I belonged to the select group of youths who were privileged to be close to Chief Awolowo as to a father, who were fortunate to learn at his feet, and who were called upon, under his leadership, to attempt great exploits towards the improvement of the quality of the lives of our people, and towards the prosperity and greatness of our country.
Chief Awolowo remains very much alive today, because his legacy continues to impact the lives of millions of his countrymen for good. Chief Awolowo introduced Free Primary Education in the Western Region. Most of the men and women who are senior professors, senior administrators, senior statesmen, senior engineers, senior architects, senior lawyers and so on in our Southwest today, are so because Chief Awolowo opened the door of schools to all children from 1955 and above in our Western Region. All these senior citizens are parents of highly educated families that today occupy very important places in the life of our region, our country, and other countries worldwide – families that will, probably many centuries from now, continue to be important in the lives of our communities and of the world.
The gift of Free Education was the greatest single gift given by Chief Awolowo to his people, but it was not the only gift. Under his leadership, the only aspirant in the history of Ogun State to follow the footsteps and legacies of the *_Free Education Messiah_* among all contenders is no other person than*Otunba Olatunde Rotimi Paseda*. A man with golden heart, a philanthropist, an astute leader per excellence. A man, who broke records recently, by organising free holiday coaching exercise with free writing materials (notebooks and biros) for pupils from primary to secondary school level during the last holiday, cutting across all the 3 Senatorial Districts.
The man who set up a N10M free- interest loan for petty traders through Paseda Women’s Forum (PWF) recently to relieve them from poverty and to make them self- reliant. Among others, is the facilitation of banking system for the Omu Ijebu community in Ogun State via heritage Bank, for cash transactions and access to loans. His four cardinal programmes: Qualitative Education, Health Facilities, Urban and Regional Development and Youth Empowerment program will touch the lives of the prevailing masses and rekindle their lost hope without any iota of diffidence.
Otunba Olatunde Rotimi Paseda always gives emphasis to the need for leaders and rulers to respect their people. In conversations with the young ones like me, he would often say, “You must always take care to respect our people. If any of you find yourself in a governing position over any of our people, your first line of survival and success is to respect them. They may be illiterate and poor, but they are members of ancient civilization and they are more understanding than you think. If you are arrogant and overbearing, they will find ways to stop you – and those ways may hurt your further chances. You must take care to explain things to them, and you must not falsely promise them what you know you cannot do. It is disrespectful to do that. Whatever you do as a ruler, do it with our people, don’t merely do it for them. We are not foreigners ruling our people, we are their kith and kin. Make sure to enhance their feeling of self-respect”.
Without infinitesimal sentiments, Paseda is the only aspirant who will put an end to poverty in Ogun State come 2019.
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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