Connect with us

Business

HIS EXCELLENCY, PROF. PLACID NJOKU: AN EXCEPTIONAL (FORMER) DEPUTY GOVERNOR OF IMO STATE TOOK A BOW OF HONOUR ON JANUARY 14TH 2024

Published

on

HIS EXCELLENCY, PROF. PLACID NJOKU: AN EXCEPTIONAL (FORMER) DEPUTY GOVERNOR OF IMO STATE TOOK A BOW OF HONOUR ON JANUARY 14TH 2024. BY CHINEDU NSOFOR

HIS EXCELLENCY, PROF. PLACID NJOKU: AN EXCEPTIONAL (FORMER) DEPUTY GOVERNOR OF IMO STATE TOOK A BOW OF HONOUR ON JANUARY 14TH 2024.

BY
CHINEDU NSOFOR

 

 

Prof. Placid Njoku, a distinguished academic and statesman, took a bow of honour on January 14th 2024, concluding his term as Deputy Governor of Imo State with a legacy of exceptional service and transformational leadership.

 

 

 

HIS EXCELLENCY, PROF. PLACID NJOKU: AN EXCEPTIONAL (FORMER) DEPUTY GOVERNOR OF IMO STATE TOOK A BOW OF HONOUR ON JANUARY 14TH 2024.
BY
CHINEDU NSOFOR

 

Prof. Placid Chike Njoku was born on the 10th February, 1947 in Umuri Amaimo, Ikeduru LGA in Imo State. He is a scholar with a stellar reputation in academia, administration and politics. Prof. Njoku received a bachelor’s degree in Animal Science from University of Nigeria Nsukka (1974), Master’s in Poultry Science (1978) and Ph.D in (Major) Monogastric Animal Nutrition; (Minor) Physiology and Biochemistry (1980) from University of Nebraska-Lincoln, U.S.A, respectively.

Prof. Njoku’s journey into the realm of politics was an unexpected one but indeed, a definite act of God as his exceptional dedication quickly set him apart. As a seasoned academic, he rose to the climax of his career as Pioneer Vice Chancellor of Federal University of Agriculture (now Michael Okpara University of Agriculture) Umudike and became a well-respected figure in the academia community. Also as a quintessential professional, Professor Njoku was unanimously elected in 2007 in far away Ile-Ife as the Pioneer President of the Nigerian Institute of Animal Science, thus making one of the few Nigerians who have pioneered two chartered Federal institutions. His performance in both institutions is laden with outstanding logacies. So many were shockingly surprised when he accepted the nomination to serve as Deputy Governor of Imo State. However, his decision was rooted in a deep sense of duty and a desire to contribute to the betterment of Imo State.

From the outset, Prof. Njoku demonstrated an extraordinary level of dedication in his role. His collaborative spirit with the Governor, His Excellency, Sen. Hope Uzodimma, was instrumental in achieving numerous milestones for the state. Their partnership became a model for effective governance, showcasing the power of unity, synergy and shared vision in driving progress. His exceptional loyalty to the Executive Governor was without repugnancy. He projected his Principal’s image bringing his wealth of knowledge and passion for positive change to the forefront of Imo State’s governance. As he stepped down from his role as Deputy Governor on 14th January 2024, the people of Imo State celebrated his unwavering dedication to public service. He gracefully attended the swearing-in of his Principal for a second term in office as Governor of Imo State at which he cheered, and received many distinguished guests with his usual warmth. Throughout his tenure, Prof. Njoku proved to be an impeccable Deputy Governor, demonstrating a keen understanding of the intricacies of governance and a commitment to the well-being of Imo State citizens. His leadership was characterized by transparency, loyalty, accountability, integrity, sense of responsibility and wonderful humour.

One of Prof Njoku’s most notable achievements was his role in promoting the image of the 3R administration and also spearheading educational reforms in Imo State. As an academician himself, he recognized the transformative potential of education and worked tirelessly to improve the quality of schools, provided quality advise for the enhancement of curriculum standards, and provided better opportunities for students of Imo State using his wide range of both national and international networks in the educational sector. Working within his Principal Distingiushed Sen. Hope Uzodimma, Imo State witnessed a significant rise in educational standards and increased access to quality learning. Institutions with programmes with denied accreditation programmes had their programmes accredited. Moribund institutions were resuscitated to provide Imo children more opportunities to actualize themselves academically.

Beyond education, Prof Njoku played a pivotal role in various infrastructural developments through his wise counsel and unparalleled contributions at the State Executive Council. His unwavering support for the Governor’s agenda and his intelligent guidance as a seasoned scholar of international repute, saw the implementation of key projects that improved the lives and well-being of the citizens of Imo State. From road networks to healthcare facilities, the impact of their joint efforts was felt across the length and breadth of Imo State. As Chairman of the State Boundary Committee, he applied his wealth of experience in resolving age-old boundary/land disputes between Local Governments. He also provided the fundamental documentations which enabled the National Boundary Commission complete the field work for the delineation of the boundaries of Imo and Rivers States. He also worked with his Principal, His Excellency, Sen. Hope Uzodimma in articulating historical documentation and arguments that saw Imo State through the Supreme Court boundary case with Rivers State.

Additionally, Prof Njoku’s exceptional loyalty extended beyond policy and governance. His commitment to inclusivity and community engagement has endeared him to the People and the Government of Imo State. His effective representation of the Executive Governor at Town Hall meetings, outreach programs, the National Economic Council, the Nigerian Governors Forum, the Progressive Governors Forum, the Southern Governors Forum, the Southeast Governors Forum and his genuine connection with the grassroots have been the hallmarks of his approach, ensuring that the government remains connected to the pulse of the people. An ardent believer in God Almighty, Prof. Njoku heavily relies on God for vision, direction and sustenance as visibly seen in his excellent participation in religious activities for self and State.

As Prof Njoku takes a bow of honour after four years of selfless and dutiful service, the people of Imo State reflect on the legacy of exceptional loyalty and the values of hard work and servant leadership he leaves behind. His tenure has been a testament to the power of collaboration, dedication, and a shared vision for progress despite visible hardships faced during times of global health, economic and security challenges. The impact of his contributions will undoubtedly resonate for years to come, serving as an inspiration for future leaders and a reminder of the transformative potential of unwavering loyalty, dedication and a sense of duty to public service.

Chinedu Nsofor is the authorized biographer of His Excellency, Prof. Placid Chike Njoku and he writes from Owerri, Imo State.

Business

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

Published

on

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

Continue Reading

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

on

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.

Continue Reading

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

on

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

Continue Reading

Cover Of The Week

Trending