Business
CSR: Dangote Cement rehabilitates educational infrastructure in Lagos
CSR: Dangote Cement rehabilitates educational infrastructure in Lagos
…to benefit 2,500 pupils
Sahara Weekly Reports That As part of part its Educational Support programme under the Corporate Social Responsibility (CSR), Dangote Cement Plc, at the weekend commissioned and handed over several multi-million naira rehabilitated educational infrastructure in Lagos Island, Lagos State.
The projects, expected to benefit over 2,500 pupils, included installed 5kva Solar Power source to power the ICT centers at Kuramo Junior College, Victoria Island; Victoria Island Senior school, Victoria Island, and Girl’s Senior Secondary School, Obalende, Lagos, while the Cement company also rehabilitated and equipped with furniture, the school library of Girls Junior Secondary School, Obalende. It also renovated and equipped with furniture and bookshelves the staff room of Kuramo Senior college, Victoria Island.
Group Managing Director, Dangote Cement, Mr Arvind Pathak speaking at the commissioning said the projects were part of the company’s Social Investment Program designed to contribute to society’s well-being in the areas of Education, Health, Economic empowerment, and Infrastructural development.
Pathak who was represented by Pan Africa Regional Chief Financial Officer, Ms. Marie Christiane Kaul, said the interventions were targeted at some selected projects, especially schools within the neighborhood of the Dangote Cement Plc Head Office, Ikoyi Lagos.
She said, “the choice of these projects was arrived at on need basis through a participatory process of engagement with the schools. Each of the schools identified the most pressing need which were then jointly scoped for execution. We especially thank the TG/PS for granting our request to execute these interventions in the six schools that are all under her authority.”
She explained that as a responsible corporate citizen, Dangote Cement, ensures that every year, its cement plants in Nigeria and across Africa executes various developmental projects and programs to improve the quality of life of neighboring and host communities.
“As a company, we believe that the onerous task of providing quality education to our teaming youths cannot be over emphasize and should not be left to government alone. As education is the bedrock of any meaningful development, as a going concern, we believe in partnership with the government to deliver quality education to our teeming youths. We shall therefore continue to complement the efforts of the various levels of government to improve the quality of life of our people in the four thematic areas earlier identified, she added.
She noted the projects are expected to benefit more than 2,500 students currently studying at these schools while adding that the interventions aligned with the United Nations Sustainable Development (SDG) Goal number 4, which is aimed at ensuring an inclusive and equitable quality education and promote lifelong learning opportunities for all. The provision of sustainable energy is also aligned with SDG Goal 7 which is aimed at the provision of access to affordable, reliable, sustainable, and clean energy for all.
The Dangote Cement boss said, “as a responsible organization, we shall continue to compliment efforts of the government in creating a conducive learning environment for students and a good teaching environment for staff. I call on the beneficiaries of these projects to make the best use of the facilities and protect them so that they can serve the purpose for which they are provided for a reasonable length of time.”
Tutor General and Permanent Secretary, Education District 3, Lagos State Ministry of Education, Dr. Idowu Olufunke Oyetola, in her remark thanked the management of Dangote Cement for company’s intervention in the provision of educational infrastructure. She said that Dangote Cement’s gesture aligns with Lagos State Government’s policy of leveraging Public Private Partnerships in the upgrade and provision of educational infrastructure. She charged the teachers and students to make good use of the facilities.
In his own response, the Principal, Kuramo Senior College, Lawal Babatunde, thanked the management of Dangote Cement for selecting his school as one of the beneficiaries of the intervention. He said the gesture has helped to create a more comfortable staff room for the teachers.
Also speaking in an interview, Group Head, Social Performance, Wakeel Olayiwola described the project as critical and that other projects are under construction for various educational institutions across the country as the company is committed to lifting communities withing which it operates.
He explained that the Company usually go into Community Development Agreement (CDA) with its host communities, which spans every five years spelling out projects and interventions to be made in the communities on need basis because government alone cannot provide all the needs of the people, so we compliment government efforts by intervening with provision of infrastructure.
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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