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GOOD GOVERNANCE AND PATRIOTIC LEADERSHIP: THE PASEDA EXAMPLE

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By Michael-Azeez Ogunsiji

 

According to the popular socialist and former Nigeria’s Health Minister,  Alh. Aminu Kano in one of his chronicles, postulated that “Nigeria will know no peace, until the son of nobody becomes somebody, without knowing anybody”.

 

The above submission by the elderstateman epitomizes the belief and political ideology of Otunba Rotimi Paseda (ORP). Prince Rotimi Paseda, a businessman cum politician broke the age long barrier in the political system of Ogun State, Nigeria by venturing into politics without attaching himself to the apron string of some godfathers whose without their endorsement no one can dare contest an elective position in Nigeria.

 

Born on 22nd June, 1966, Prince Olatunde Rotimi Paseda hails from Omu-Ijebu in the Eastern part of Ogun State. He is a UK/Mexico based business man. He came from a family of five, his mother was a retired teacher in public service and his dad was a store keeper at PZ, Paterzon Zochonic Nigeria Limited in the 60s. He started his career in PZ and ended his career in PZ. He was the longest serving staff at that point. Today, Otunba Rotimi Paseda is well-known as Omo Iya Teacher (Teacher’s son).

 

Paseda attended Baptist Academy for his O’level at Ikorodu, Lagos state. He thereafter travelled abroad for his University education. He attended the University of London, Berbeck College,  UK where he studied Transport Management and later got his Post Graduate Diploma in Tourism and Recreation Management from University of Cardiff, Wales, UK.

 

He is a member of the Chartered Institute of Transport, United Kingdom, and worked briefly as European Air Tour Operator with Euro Skyhop  International before establishing Skylink Travels and Tours over twenty-five years ago. This was his commencement of his self-employment venture in the United Kingdom and Worldwide.

 

Otunba Paseda, not minding the herculean task and daunting challenges before him, entered into the governorship race with only three months to prepare for the Governorship election in the state alongside the incumbent, Senator Ibikunle Amosun, PDP flagbearer, Prince Gboyega Nasir Isiaka. Though, he was not declared winner of the keenly contested election that almost plug the state into chaos, as he is from nowhere came (3rd). Paseda believes in the popular Yoruba adage…”Ti esin ba dani, a ma ntun gun ni”. Little wonder, he is once again seeking the support of the good people of Ogun State come 2019.

 

Paseda, worried about the economy effects on the people, he established “Paseda Legacy Foundation”,  a non-governmental organization to better the lives of the downtrodden in the society. ORP has fondly called, through his foundation,  PLF has empowered hundreds of youths, the aged, market women, students and health challenged victims at the hospitals.

 

A testimony to many of his kind gestures include; donation of Millions of Naira to young entrepreneurs who graduated from his Achievers Youths Initiatives Skills Acquisition training for many people in Obafemi/Owode local government of the state, flying out a Nine year-old Oluwatosin Solanke who has a kidney disease to India for surgery, complete payment of leg surgery of Animasahun Ismail who was to be amputated by local surgeon, but Otunba Rotimi Paseda saved the victim at Federal Medical Centre, Idi-Aba, Abeokuta with his prompt intervention, purchase of laptop computers for Gateway Polytechnic ICT Students, who ran to his foundation for help, provision of affordable and conducive accommodation for victims whose houses were demolished by the Ogun State Government for road construction and could not get compensation, free scholarship for Itoku Market collapsed building victim children for their secondary education among many others.

 

Otunba Paseda through his initiative trained both old and young women on beads making, cake baking, paint making, Ankara bag and shoe making, interior decoration, phone repairing, Make-up, Barbing, etc.

 

WHAT IS PASEDA’S POLITICAL AMBITION?

 

Otunba Olatunde Rotimi Paseda’s political ambition is summed up in his willingness to help the poor and the needy in order to bring happiness to the greatest numbers of Ogun people. Paseda’s ambition was inspired by the political stewardship of former Nigeria Western region Premier, late Chief Obafemi Jeremiah Awolowo. Awo’s political stewardship is enveloped in one word “FREE” and every other thing follows: free education, free health services. Of all promises kept by Awolowo, the “free education” policy was best achieved.

 

Awolowo’s unsurpassing ideology on education has made the South-West Nigeria, the educational knowledge centre of the nation. But going beyond this, gainful employment and rural integration and development have formed the central pattern of Awolowo’s unprecedented stewardship. There is a justifiable evidence all over today.

 

Most young graduates then were gainfully employed. This made it possible for them to impart their skills and contribute more to the growth of the society. These are the memories of the legendary time of Awolowo. To Paseda, the tape can be played over again. However, Prince Paseda considers the current political game in Nigeria as too elitist and considers Unity Party of Nigeria (UPN) a solution, hence, the need to change the face of Nigeria politics to the advantage of the oppressed Nigerians who have been marginalized from government and governance too long.

 

As Ogun state gubernatorial candidate under the banner of UPN, Prince Paseda considers his contest as a response to the clarion call by well meaning Ogun state indigenes and party stakeholders who thought of him as the best man for the job in 2015.

 

This clarion call, to his surprise was endorsed by all the local government chieftains of the state. There is no honour that could be greater than this. Prince Rotimi Paseda’s cardinal programmes include; free education at all levels, free and qualitative healthcare for all, gainful employment and rural integration and development.

 

This is the covenant with the people of Ogun state. Guided by his philosophy of life that one should use whatever God has given him or her, be it wealth, position or skills to help people in need without necessarily waiting for them to ask for such assistance. Paseda’s candid advice for the people of Ogun state is that they should be able to ask the public office holders questions about service delivery and also to use their votes to create a better future for their children.

 

PASEDA AND YOUTH INVOLVEMENT

 

Often times than none, the youths in Ogun State have been neglected for the development of the state and the country generally which serves as the bane of underdevelopment in the country. The non-involvement of the youths in the affairs of the state contributed in no small measure to the dwindling economy growth of the Gateway state. Otunba Rotimi Paseda, perturbed by the devilish usage of the youths in the hands of politicians for political thuggery, has vowed to engage the youths to form his integral part of his administration God’s willing in 2019 if elected as Ogun state Governor. He had promised at different fora, that the youths would domicile his cabinet, advising them to be good ambassadors of the country, and steer clear from any vices that may jeopardize their future, urging them to resist any attempts to be used as political thugs.

 

Otunba Rotimi Paseda song by Don Moen: “God will make a way, where there seems to be no way. He works in ways, we cannot see, He will make a way for me”.

 

OGUNSIJI, is the Director of Media and Strategies, Paseda Legacy Foundation

 

 

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Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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Alpha Morgan to Host 19th Economic Review Webinar

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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.

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GTBank Launches Quick Airtime Loan at 2.95%

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GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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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