Business
Exposed! REAL REASONS PASEDA BECOMES THE TOAST OF OGUN PEOPLE
To many, the founder of Paseda Legacy Foundation, Otunba Rotimi Paseda (ORP) is not a political heavyweight who should be considered as a threat, but, smart political Strategists in Ogun State would aptly think twice before arriving at their unreasonable innuendo considering his daily rising political profile.
Paseda, though contested the Ogun State Governor seat in 2015 against the incumbent, Governor Ibikunle Amosun, but has not thrown in the towel ever since.
His recent philanthropical antecedents has further endeared him to be accepted by the ‘political kingmakers’ in Ogun State.
While his contemporaries were busy lobbying around and playing the game in their usual devious style, this Omu-Ijebu Prince has remained unwavered and continued playing the ‘dark-horse’ role.
The fact that, he does not belong to any of the popular political parties we have in Nigeria today, does not render his aspiration as ‘wasted’ efforts.
His critics have forgotten so soon that, Paseda commands a staggering wealth which can turn around the fortune of his political party when the active political juggernaut with unblemished characters come around.
This money-bag politician who made his early fortune in airline industry in the mid 90s has the support of his kinsmen and decision makers of Ogun politics.
His critics and the political jobbers are quick to condemn him for his lack of spending-spree, but they have soon forgotten that, this oil magnet is a free spender who holds no grudge against who the beneficiaries are.
His weekly spending for his philanthropic commitment through his foundation, Paseda Legacy Foundation is nothing less than N20 million naira, estimating to about N60 million Naira monthly across the three Senatorial Districts in Ogun State.
This is someone who has not been elected into public office. He is not a political appointee nor does he receive contract from government, but he had taken it upon himself as covenant with God, that, in as much as God continue to bless him in multiple fold, he would also not ceased from putting smiles on people’s faces.
It is also on record that, this Most Outstanding Industrialist in Ogun State sponsored 20 Governorship candidates of his party, UPN across Nigeria accruing to about N80 billion Naira without the support of any godfather. Not only that, this money-spender coughed out another N50 billion naira to support all the National and State House Assemblies in the 2015 elections in Ogun State.
This is why, the smartest one among the political parties in the state are toasting him to defect to their party. Paseda is not desperate, but, he will weigh his chances.
His aspiration has received the blessing of royal fathers in the state, religious leaders, Students caucus, market women, artisans and the youths are already getting involved.
Little wonder his political ‘Agenda for Good Governance’ centres around the four cardinal programmes of his political mentor and late Sage, Chief Obafemi Awolowo which are; Affordable and Quality Health scheme, affordable education, gainful job employment/Agricultural integration and rural/urban renewal.
Meanwhile, his rising profile which has continued to intimidate the opposing camps are not limited to;
× Sound academic and professional qualifications
× Rich private sector experience
× Sterling Public sector performance and achievements
× Proven knowledge of the Nigerian Economy and socio political issues
× Deep knowledge of Ogun State Socio political and Economic landscape
× Demonstrable and proven relevant experience in governance of Ogun State
× A well known name among the electorate in the 236 electoral Wards of Ogun State.
× Consistent, focus and integrity driven
× Self motivated with a sincere passion to serve the people of Ogun state
× A candidate of Merit, a model of Excellence, a product of Equity, and a symbol of Justice ans Fairness.
Support Prince Olatunde Rotimi Paseda for governor come 2019 for better life.
Michael-Azeez Ogunsiji
Director, Media and Strategies
Paseda Legacy Foundation
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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