Business
CLI: WE’LL ADDRESS WASTE CHALLENGES BEFORE RAINY SEASON, LASG ASSURES
…Increases Daily Water Supply To 220M Gallons In One Year
… Plants 7.388M Trees; Treats 1,185 Petitions On Noise Pollution
The Lagos State Government on Wednesday said all hands are on deck to holistically address the challenges being experienced in waste management with the implementation of the Cleaner Lagos Initiative (CLI), assuring that the issue would be addressed before the rainy season.
Speaking at the annual Ministerial Press Briefing to mark the third year anniversary of Governor Akinwunmi Ambode’s administration held at the Bagauda Kaltho Press Centre in Alausa, Commissioner for the Environment, Mr Babatunde Durosinmi-Etti, said the CLI was introduced last year to foster broad reforms in solid waste management, saying that the scheme remained the panacea for delivering efficient, effective and sustainable environment with its attendant benefits such as job creation, cleaner, safer and healthy environment.
Responding to question on state of refuse in public places, the Commissioner said the government, in partnership with all stakeholders, was working hard to address the challenge, just as he assured that it would soon be a thing of the past.
“Very soon, Lagos will be very clean. We are working hard in partnership with all stakeholders to ensure we address the challenges. Both the government and the residents will jointly address the challenges and with Visionscape and the Private Sector Participation (PSP) operators working together, and the cooperation of the people, the challenges would soon be over.
“We know that our population is increasing as available statistics indicate that 85 people enter Lagos every hour and very few of them go back, and as more people come in, the waste generated in the State is also increasing but we are working to put the right infrastructure and equipment in place to address waste management.
“However, one thing I can assure the people is that we are working and in another one month before the raining season, it will be over. We know that the raining season is fast approaching and we are also preparing but I like to assure that soon, the challenges will be surmounted,” Durosinmi-Etti said.
He said 13,958 Community Sanitation Workers (CSW) have so far been employed to sweep inner streets in the 377 political wards in the State, with recruitment exercise still ongoing, adding that under the new arrangement, the sweepers would be directly supervised by the Ministry, while mechanized sweeping would be managed by three companies – Avatar, Wastercare and Corporate Solutions.
He said the PSP operators have now been charged with the responsibility of managing residential and general waste collection, while Visionscape now has the mandate of implementing waste management infrastructure development across the State, in addition to intervening in public waste collection to cover any service lapses that may occur.
On infrastructure, the Commissioner said the retrofitting of Transfer Loading Stations in Agege, Oshodi and Lagos Island had attained over 80 per cent completion with plans for more, while Epe Landfill under construction had achieved remarkable progress with completion of the weigh-in bridge, adding that government in partnership with the private sector would soon commence another engineered hazardous landfill in Erikiti, Badagry.
He also said the responsibility for maintenance of drainage infrastructure across the State had been ceded to the Lagos State Public Works Corporation, while based on ongoing efforts, the challenges to residents following the fire at Olusosun dump site would soon be over.
Speaking on other activities of the Ministry and its agencies, Durosinmi-Etti said the State Government rapidly increased access to safe drinking water by adding 10million gallons per day to bring water supply to 220MGD within the last one year, adding that a total of 48 mini waterworks were rehabilitated in Ikeja, Surulere, Onikan, Epe, Ikorodu, Dolphin, Ajangbadi, Victoria Island, VI Annex, among others.
He said the 220MGD was in addition to Iju and Adiyan Phase I major waterworks with 45MGD and 70MGD capacity respectively, while work was ongoing on 70MGD Adiyan Water Treatment Plant Phase II, 4MGD Ishasi waterworks, 2MGD Imeke-Iworo waterworks and 2MGD Oke-Odo mini waterworks.
To enhance environmental sustainability, the Commissioner said the State Government, in the last one year, commissioned JJT Park in Alausa, Rafiu Jafojo Park in Shasha and Badagry Recreational Park, while six new parks have been earmarked for development in Oregun, Iponri, Ikotun, Queens Drive, Iganmu and Epe, in addition to establishment of a florist’s village in Osborne, Ikoyi to enhance the greening programme.
He said government, through the Lagos State Parks and Gardens (LASPARK) propagated over 100,000 nursery plant seedlings of various species with the period under review, while it cumulatively planted 7,388, 096 trees.
In the area of noise pollution, the Commissioner said the government treated a total of 1,185 petitions out of which 60 per cent were abated, while the Lagos State Environmental Sanitation Corps (LAGESC) arrested 2,097 environmental offenders comprising illegal street traders, hawkers, highway pedestrian defaulters, environmental nuisance polluters and cart pushers, among other achievements.
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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