Business
Ex-President, Jonathan called me just 3-weeks after the abduction of chibok girls – Borno state Governor, Shettima
Governor Kashim Shettima of Borno State on Monday said former President Goodluck Jonathan did not call him until after 19 days after the abduction of over 200 schoolgirls from the Government Secondary School, Chibok, Borno State, in 2014.
No fewer than 259 schoolgirls were abducted by Boko Haram militants from their hostel in GSS, Chibok, on April 14, 2014 as they prepared for their West African Senior Secondary Certificate Examinations.
A few of the girls managed to escape from the terrorists, who were said to have dressed like military men and loaded the girls into trucks and headed for an unknown destinations.
Over 219 of the girls are yet to be rescued since the unfortunate incident.
Shettima, however, said Jonathan, who was the President at the time of the mass abduction, only called him on the kidnapping about three weeks after the incident, which generated global outrage at the time.
The Borno State governor said this while receiving former President Olusegun Obasanjo at the Government House, Maiduguri, after the ex-President arrived at the state capital on a two-day visit.
Obasanjo was on a visit to Borno on the invitation of the University of Maiduguri as part of the institution’s 40th anniversary celebration.
Trying to draw a comparison between the leadership style of Obasanjo and Jonathan, Shettima believed Obasanjo would have handled the issue of the kidnapping differently were he to be the nation’s President at the time.
He stated, “In our own case, Your Excellency, after the Chibok abduction of over 200 schoolgirls in April, 2014, it took 19 days for me to receive a call from the Presidency. I brought this mainly to show the difference, because we will only appreciate scenarios when we make comparisons.”
The governor recalled that the current Minister of Agriculture, Chief Audu Ogbeh, who was a top member of the All Progressives Congress in 2014, hailed Obasanjo’s leadership qualities in a conversation after the mass abduction.
Shettima added, “I was actually lamenting to him on governance at the federal level with relations to the poor handling of the Boko Haram insurgency.
“Chief Ogbeh said, ‘Look, I might have had some political differences with President Olusegun Obasanjo but to say it as it is, if Obasanjo had been President while this insurgency is happening in Borno and other parts of the North-East, you would have witnessed what responsive leadership entails’.”
Shettima noted that Obasanjo’s visit on Monday marked the ex-President’s first visit to the Borno State Government House since 1976.
The governor described himself as “lucky and privileged” to receive the former President as the governor of the state.
Obasanjo, in his reaction, said the Boko Haram insurgency would become a thing of the past judging from the military’s string of successes against the extremist group in recent times.
The former President, who was in Maiduguri in 2011 to initiate a possible dialogue between the Jonathan administration and the insurgents, commended President Muhammadu Buhari’s strategies to fighting the terrorists, noting that peace was gradually returning to the troubled areas.
He said, “A lot of water has passed under the bridge in this part of the country. I must not forget to commiserate with all our people in this state and indeed the entire North-East, which have been victims of insurgency in the way we have never witnessed in this country before.
“I travel a lot in Africa and outside Africa, and wherever I have gone in recent times, what people want to know is what and how Nigeria is coping with the situation of insurgency.
“Today, I think we are not out of the woods yet but it would appear that we can see the light beyond the tunnel.
“There is no doubt that with the combined efforts at the local level, at the state level and at the federal level, and even at the community level, our security forces are on the ascendancy over the forces of destruction, the menace and danger of insurgency that we have experienced for almost six years now.”
According to Obasanjo, Buhari has shown that he is passionate about ending insecurity in the country, calling for support for his government.
He added, “Talking to the President (Buhari) about the issue of insurgency in particular and insecurity in general, I know that he is very, very concerned, and not only very concerned, he has got it right.
“He (Buhari) has ensured that where they (Boko Haram) have occupied is cleared of any mines. Where you have mines, lives are not only insecure, people feel intimidated for you never know when you may step on them.”
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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