Business
‘It is obvious that Buhari has lost his memory’ – Femi Fani-Kayode
Former Minister of Aviation, Chief Femi Fani- Kayode, has stated President Muhammadu Buhari, had either lost his memory or was not well-informed when he told Nigerians that he inherited nothing from the PDP administrations of Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan.
The ex-Spokesman of Goodluck Jonathan Presidential Campaign Organisation told Vanguard that President Buhari had in the last one year and three months, brought nothing but chaos, destruction, division, fear, deaths and shame to Nigeria compared to the PDP governments he was ridiculing.
He said, “It is obvious that President Muhammadu Buhari has either lost his memory or he has been badly misinformed.
“If you look at the state of the country in 1999 when former President Olusegun Obasanjo took over and compare it to what it was in 2007 when he left office, you will find out that there was not just development but also a miraculous transformation in every sector; that is what Obasanjo managed to achieve and I am very proud to be part of that government and part of those legacies.
“After Obasanjo left, Umaru Yar’ Adua took over and then came former President Goodluck Jonathan. As far as I am concerned, Jonathan built on Obasanjo’s legacies and foundation and he took us to yet another level.
“If you compare Nigeria in 2015 by the time Jonathan left to 1999 before Obasanjo came in, you will have to thank the PDP for lifting this nation up and taking us from strength to strength.
“By the time Jonathan left in 2015, we had the largest economy on the African Continent and the fastest growing economy in the world, among other things.
“In one year and three months, all of that have been destroyed by President Buhari and his APC, we are now back in the dark ages. Every sector in the country has been destroyed and everyone is complaining.
“President Buhari has brought nothing, but ethnic cleansing, recession, abuse of power, persecution, genocide, chaos, destruction, division, fear, deaths and shame to Nigeria and they have no other way of running the country, but to intimidate the citizens and threaten them. That is his own legacy.
“It should also be noted that a large number of people that supported Buhari in his quest to become the president, last year, were all originally from the PDP, whether the PDP governors, who decamped or PDP ministers who decamped or PDP legislators who decamped, 70 percent of people that helped to put Buhari in power used to be PDP including former President Olusegun Obasanjo; former Vice President Atiku Abubakar; Senate President Bukola Saraki; Speaker, House of Representatives, Yakubu Dogara; former speakers Aminu Tambuwal, Aminu Masari; Umar Ghali Naaba; former minister of the Federal Capital Territory and governor of Kaduna State, Nasir El- Rufai; Governor Rochas Okorocha of Imo State; Minister of Transportation, Rotimi Amaechi; former governors Olagunsoye Oyinlola; Segun Oni; Danjuma Goje; Aliyu Wammakko; Rabiu Kwankwaso; Murtala Nyako; George Akume; Senate Leader, Ali; former PDP national chairmen, Barnabas Gemade; Audu Ogbeh, among others.
“When he insults PDP legacy and said that nothing was ever done by PDP in 16 years, he is insulting those 70 per cent that put him in power starting with Obasanjo and I think that this is most unfair and very ungrateful of him.”
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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