Business
‘I won’t create Jobs in Ekiti, i’ll only plant trees + Buhari is clueless’ – Fayose speaks
Controversial Ekiti State Governor, Ayo fayose has called out buhari again, but not only Buhari this time around, it includes former President Olusegun Obasanjo too.
He described Buhari as clueless and also asked obasanjo to tell people about the source of his wealth.
Fayose who granted a media interview weekend, described President Muhammadu Buhari as clueless about the state of the Nigerian economy.
His words: “I am the longest-serving governor, I’ve served in Obasanjo’s administration. I told everybody, when Obasanjo left prison, did he declare his assets? The library now today, where did the money come from,” he asked.
“His house that he built in Abeokuta, where did the money come from? Even Buhari himself, he declared cattle herds and mud houses, he said he doesn’t have money. From which account did the money for the campaign come from?
“We are fooling ourselves, because he’s in power today, to say he’s the one prosecuting; somebody else might be there tomorrow. It’s unfortunate that men of honour of yesterday are quiet today.”
The governor alleged that Obasanjo shared money to senators from his state during his failed third-term plan, stressing the former president is a veteran who cannot be scared of Buhari’s anti-corruption war.
“During the third-term agenda that money was given to senators and reps, they were given in my state. It is good to Obasanjo to come to the television every day and celebrate himself, or go to prostrate at the villa. Let me tell you expressly, the truth would find all of us out at some point.”
Fayose who buttressed his assertions quoting Hebrews 13:6, said he could not be afraid of whatever Buhari could do to him, saying: “…because we have God, we fear not what man would do to us.”
The governor called on Buhari to “stop the noise about corruption” and concentrate on the economy,” saying the president seems to have no plan for diversification while investing billions in the search for oil in the north.
“Last month, I got N1.3 billion; my wage bill is N2.6 billion, asides security, electricity, water and basic essential services to the people. Do I use this money for diversification at the expense of the people? No, I can’t.
It’s not impossible, it’s an uphill task. “My first counsel to the federal government is that he should stop the noise about corruption, he should concentrate on the economy. Rebuild this economy.
“You want to diversify, you’re still putting over N100 billion, over N150 billion to exploring oil in the north. It shows a leader that is sectional. When we want to diversify, we diversify the country’s economy, not an economy that is sectional.
“If anybody is telling you he can create any jobs in this economy, he is lying. I don’t want to come before this camera and tell Nigerians lies. My wings are clipped financially.”
“The only thing I’m trying to do in Ekiti is to make sure I plan trees everywhere, economic trees; in 10 years it would become of great benefit. It is difficult for me to come before the camera to start telling you I’m creating jobs.”
Fayose disclosed that he had been paying one-month salaries with allocations from two months: “In my prediction, I said it that Buhari does not have clue, he’s still in an analogue stage, he does not have clue about the economy of Nigeria. I’m saying it expressly; the president does not understand the economy.
“If you understand the economy, you can do everything simultaneously, without rocking the boat of the whole country. You go out of the country to tell the world your country is corrupt, you destroy your own people. Who would come and do business with them?” he stressed.
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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