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‘Goodluck Jonathan was too small for office’ – Olusegun Obasanjo

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Former President Olusegun Obasanjo has said that former President Goodluck Jonathan from his first days as President showed he  was too small for the office, saying he, Obasanjo, acted more as an opponent of Jonathan than a supporter of Muhammadu Buhari ahead of the 2015 presidential poll.

Ex President Jonathan and Gen. Obasanjo (Rtd)

Obasanjo, who said Jonathan deceived him that he would not give Mrs. Diezani Allison-Madueke the petroleum portfolio in his cabinet was deceived into believing that he could use money to buy the 2015 presidential election.

Obasanjo in the book, Against the Run of Play: How an Incumbent President was defeated in Nigeria, written by former presidential spokesman, Segun Adeniyi, also revealed that Jonathan was gripped by the fear that Buhari, as president, would jail him or lead him to an early grave.

In the 204-page book, former President Jonathan is himself quoted as saying he could not be held accountable for provocative remarks made by some of his supporters, even as former Senate President, David Mark, is also quoted in the book as alleging that he forewarned the former president about the alleged conspiracy against him in the north but to no avail.

Problems of  minority agitation

Obasanjo in the book is quoted as saying that following Umaru Yar’Adua’s death in 2010, he endorsed Jonathan for the 2011 presidential election principally to solve the problems of minority agitation in Nigeria.

The former President said: “I saw the emergence of Jonathan as an opportunity to solve the problem of minority agitation. The three majority ethnic groups in Nigeria can always sort themselves out but not so for the minority. A good example is my state here in Ogun.

“Despite the best of intentions, nobody from Ogun West has been able to become governor because of this minority issue and it will take a conscious effort to make it happen. So, it was in the context of that I had to plead with prominent people in the North to allow Jonathan run for a term.”

I warned him not to make Diezani petroleum minister

But in a tone laden with regrets, Obasanjo pointed out that there were certain things Jonathan did that fell below his expectations as a former president.

“There were certain decisions taken by Jonathan very early in his administration that pointed to the fact that the office was bigger than him and one of them was the appointment of a petroleum minister,” he said.

According to Obasanjo, he cautioned Jonathan not to appoint Diezani Alison-Madueke to such a sensitive sector but the president ignored his counsel.

“Jonathan gave me the impression that he was not going to give her the portfolio but at the end he did and we can see the consequence. He, of course, knew what he was doing,” Obasanjo stated.

Why I opposed Jonathan

The former president also hinted at what riled him against Jonathan and why he parted ways with him in the run up to the 2015 election, a development which has given the impression that he was actively working in support of Buhari’s candidature. But Obasanjo denied any direct support to Buhari.

He said: “I didn’t join them in supporting Buhari; I joined in opposing Jonathan so Buhari was just a beneficiary of my opposition to Jonathan since my position was AOBJ: meaning Any Option But Jonathan.”,

Obasanjo explained that Jonathan and his handlers believed that they could buy the last election and that they were so arrogant about it that the PDP would print only one nomination form for him and him alone. He said: “If he was wise, he would have yielded the ticket to somebody else in the PDP.”

Jonathan was not really afraid about life after office but Buhari

The former president, who also criticised the role played by the military in the last election, said he suspected that Jonathan was not really afraid about life after office but Buhari, his successor.

“I believe the President’s concern or fear is not about life after office per se, because he and I have had occasions to talk about this both seriously and jovially. I believe the President’s fear is particularly motivated by the person he sees as his likely successor, that is General Buhari. I believe the people would have been telling him that Buhari is a hard man; he would fight corruption and he (Jonathan) may end up in jail if not in the grave,” Obasanjo narrated in the book.

The book also placed the defeat of Jonathan at the 2015 poll on the utterances of those close to the former president, chief among them being his wife, Patience.

The book recalls the allegation by former Niger State Governor, Babangida Aliyu, accusing the former first lady of insulting the North with incendiary language, thereby alienating them from Jonathan during the election.

It quoted Mrs. Jonathan as making a denigrating remark against Almajiri in the north, by saying “Our people no dey born children wey dem no dey count. Our men no dey born throw way for street; we no dey like people from the other side”, an apparent reference to the concept of Almajiri common in the north.

Reminded in the book that some persons close to him, especially Chief Edwin Clark and Asari Dokubo, were rather vocal and provocative in their utterances, Jonathan wondered why he should be held accountable for their personal opinions.

The former president retorted: “Okay,  let us agree for the sake of argument that Chief Clark and the others were offensive, what about those from other ethnic groups who were also making incendiary statement about my person with insinuations about people who wear bowler hats?

“I am not defending whoever may have crossed the line among Ijaw people but let us  be fair, why should I be held accountable for that and you would not hold other leaders accountable for what politicians from their own ethnic groups also said? he queried.

On why Jonathan lost the election, former Senate President, David Mark, said that he saw the defeat coming and had pointed out the unrealistic voting projections made by the party about the North to the former president and the conspiracy against him but he was not taken seriously.

He said Jonathan should have seen the handwriting on the wall and done something about what was pointed out to him but no action was taken.

Mark lamented, “I saw it and at difference times, I pointed out to him and the party that the projections being made by some people around the president about what the voting pattern in the north would were wrong.

“I could see the conspiracy and the gang-up building up in the north against the aspiration of Jonathan but my  voice was drowned out by those who took it for granted that a sitting president, and one from PDP, could not lose,” Mark said.

The former Senate President also mentioned that the former Vice President, Namadi Sambo, was also aware that Jonathan was not strong in the North but apparently had little to say in the campaign to re-elect Jonathan.

“Some people were deceiving the president with the kind of false scenarios they were painting for him. The VP could see the conspiracy but I don’t know how much influence he had on the campaign. Why Jonathan couldn’t see it until it was too late is what I find difficult to understand,” Mark pointed out.

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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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