Business
Nestlé Nigeria to empower Over 10,000 Youth Through Mentoring
Nestlé Nigeria to empower Over 10,000 Youth Through Mentoring
By Ifeoma Ikem
Nestlé Nigeria has launched a mentoring program for secondary schools powered by Nestlé Cares, the company’s global employee volunteering program.
The mentoring program which aims to reach over 10,000 JSS2, SS1 and SS2 students in public secondary schools across the country with training on life values and life skills is delivered in collaboration with REVAMP Africa, a youth-focused non-profit organization with the vision to revive educational values and maximize potential among young people, especially in public secondary schools.
Starting with over 1,000 students of the Ilupeju Secondary School, in Lagos, in July 2021,Nestlé Cares volunteers have extended the program to the Company’s host communities in Sagamu and Abaji, reaching over 2,000 students at the Owode High School, Obafemi Owode in Ogun State and at the Government Secondary School, Abaji over a 4-week period.
According to Victoria Uwadoka, Nestlé’s Corporate Communications and Public Affairs Manager, “Nestlé Cares, provides employees the opportunity to make an impact in local communities.
It is a proven fact that good habits formed at a young age, set the tone for a productive, successful future.
Through the Mentorship Program developed in collaboration with REVAMP Africa, we are happy to make a difference by helping young Nigerians in secondary schools to imbibe the values that would equip them as a future generation of transformational leaders.”
“We are delighted to see how passionate our employees are to engage with the young people, teaching them the benefits of having the right values. We also teach the youth how to handle peer pressure, interpersonal relationships, time management and goal setting. In addition, we teach them the benefits of healthy nutrition which is key to a healthy life.
Speaking on the collaboration with Nestlé, the Founder, REVAMP Africa, Kelechi Anyalechi said,
“We are a youth-focused non-profit organization with the vision to revive educational values and maximize potential among young people, especially in public secondary schools. We are raising leaders, who will transform their communities, country, Africa and the world.
We are always so inspired to see the turn-out of Nestlé employees which demonstrates their strong commitment to making a difference in society. In addition to Lagos, Sagamu and Abaji, we will be extending the mentoring program to public secondary schools in Enugu, Port-Harcourt, Jos, Kaduna, Agbara and Abuja reaching over 10,000 students in the coming months.
Recounting her experience during the four weeks of the mentoring program, Akinwale Temitope,a student of SS1 C in Ilupeju secondary school said, “I learnt a lot about values. The value that stood out most for me was humility, the quality of modesty. I also learnt about setting goals, time management and self-reliance. Thank you, Nestlé Cares and Revamp Africa, for the opportunity
to learn.”
Commenting on the program, the principal of Ilupeju Secondary School Mr. Adeoye B. Adebowale said “I want to thank Nestlé for coming to mentor our students,and for helping us and the government add value to the younger generation.
Our mission is to be the foremost school where academics with high moral values are achieved. This mentoring program reiterates what we do and what we believe in.”Victoria Uwadoka reaffirmed that Nestlé Cares Employee Volunteer Program will continue to provide opportunities for Nestlé employees to give back to society by offering their time, talent and resources while impacting individuals and families, communities, and the environment.
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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