Business
Hon. Saheed Mosadoluwa: Exclusion Of The Minority Leadership In Lagos State Is Tyranny In Democracy
The founder of Ibile peaceful assembly, Hon. Saheed Mosadoluwa (Mr-Ibile) has described the exclusion of the minority leadership in the Lagos state House of Assembly as tyranny and undemocratic .
He however made this assertions while reacting to the recent Lagos State House of Assembly on the exclusion of the offices of Minority Leader and Minority Whip in the House, saying the two positions are no longer necessary.
“I considered the assertion of the Chairman, House Committee on
Information, Strategy, Publicity and Security, Mr Tunde Braimoh of
Lagos State Assembly as a troubling conundrum”.
“We are not saying majority rule is not necessary for expressing the
popular will and the basis for establishing their deceptive and progressive’s campaign but minority is bound to disagree on any anti
people ideal of the majority”
However, the Lagos State House Assembly should understand that the consensus cannot be the basis for making political or legislative decisions
because minority rule is antithetical to democracy.
His words, “is this Lagos State House of assembly? or fascist organization, I have not heard of any state assembly without minority leaders will surely pave way for executive arm reckless and rascality, APC members should not abuse its powers to oppress the minority voters that send some of these traitors to that chamber to represent their communities”.
Mosadoluwa noted that PDP members in their constituents were not consulted before the six members proceeded to decamped to APC, as these members were fascinated with what those in the APC camp are benefiting which compel them to decamped from PDP to APC.
“I would advise that someone should stand as a minority leader to represent the will of the minorities’ votes. We should stop being economical with truth, Hon. The Lagos State House of Assembly on Tuesday said the offices of
Minority Leader and Minority Whip in the House are no longer necessary Obasa, his loyalists and APC leaders should understand the dangers of tyranny in legislature which should also be condemned by Lagosian”.
Further more, it is of great importance in a LSHA not only to guard
Lagosian against oppression and deceptive progressives campaigners,
there is need for minority leader in that assembly to guard the rules
of the assembly against the injustice of those who decide to tell us
the rules is now superfluous and whims.
It is time to compel Buraimoh to resign as the chairman Lagos
Assembly house committee on information and strategies since his
appointment as the chairman is not constitution guarantees but the
creation of the assembly and that means the office that gave him the
privilege to send deceptive information to the public is also based
on the whims and the rules he just describes as fascist.
The minority’s rights must be protected no matter how alienated a
minority is from the majority members of Lagos state assembly;
otherwise, the majority’s rights may lose its meaning.
Mosadoluwa, on his final note, urged that Ibile peaceful Assembly will surely protest the heinous decision of the majority of the house of Lagos Assembly members to prevent Lagos State government from becoming a vehicle for the “tyranny of the APC government. “ we will resist imposed regimentation of thought and values as the voice of the minority must be heard”, he added.
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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