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No APC leader imposed candidates on the forthcoming LGA Elections in Lagos State – Party Chairman, Henry Ajomale

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The LGA/LCDA elections in Lagos State is fast approaching and political parties across the state are all ready for the battle field. But one issue that really generated a hot controversy was the seeming imposition of candidates by the All Progressives Congress, the ruling party in the state, The party leaders were alleged to have returned 18 former council bosses. This move was perceived as imposition. As an investigative news magazine, Sahara Weekly sought to speak with the Chairman of the APC in Lagos State, Chief Henry Ajomale who shed more lights on the scenario.

 Excerpts:

The forthcoming election is around the corner and we know the ruling party is APC, what is your take on the Local Government elections in Lagos State come July 22, 2017?

No problem, like we always say, we are boys scouts, so we are ready. So it is not meeting us in an awkward position, we are the leading party, we are prepared and we have been expecting it, if we say we are not prepared we must be deceiving the people. We are prepared because we are confident.

Are you in agreement with Asiwaju Bola Ahmed Tinubu, if what we heard is true that he has conceded 18 local governments to be returned unopposed for some former LGA Chairmen?

It is not him alone that took the decision, it was the decision of the leadership of the party in Lagos. So what we thought was if you did a good job for three years, it is a learning process for one term, if the governors can go for two terms , why not the local Government so we thought experience counts so much, so by the time they spend three years, they are in the learning process and the time they are picking up should not be when we should say they should go, and if we can return the governors, house of representatives, house of assembly members, then why should we not return the local government chairmen that  have learnt so much and can be put in practice, that is when the community can enjoy the and even if we train them for three years and we throw them out we have lost, at the time  they are supposed to be exerting that experience, we are now training another person, and in three years you ask the person to go again so we thought it would be better to return those 18 that have not done two terms to have an insight of the experience to be used for the next four years, that time is when you can benefit from them, that is why they are returning. It is not an imposition.

Talking about imposition, rumours have it that leadership of the party are trying to impose some candidates in some areas of the state, is this true?

I do not understand what you mean by imposition, if the people decide to bring out one person without opposition, and they come on consensus, that this is the man we want, which election do you want to do again but we still subject them to acclamation, which is the normal process which is transparent. If by acclamation, they will still have to submit their votes into the ballot boxes and at the time we count it, there is no opposition, then that person is free to go but if there is any opposition, let that opposition also come out. In the traditional areas of Lagos, it is always rotating among the communities and if they renege on that promise among themselves, all of them will gang up against that person because it is not the turn of their area so we cannot impose on them, we don’t interfere with the traditional areas.

Let us talk about Governor Ambode’s two years in office, what is your assessment because people believe you handed him over to the godfathers?

Let us thank the Almighty God, at that time I told everybody that we were going to give them the best because they were like, can we find someone like Fashola?, I said yes they are so many and that we will give them the best of the best. During the primary, like 12 people came out but it is one person that will occupy the seat. If he finishes now, others are lining up to do the same thing and even better than what he has done. If you see what Akinwunmi Ambode has transformed Lagos into, it is the  pride of everybody in Nigeria.  Lagos is not the same again, someone travelled out for 7 years and they took him to Lekki when he got back, he was flabbergasted and could not comprehend what he saw in Lagos, is it the golden bridge or the development in Lekki, Lekki has become a city itself, cities are coming out of a cities and no state can beat this in Nigeria and because Lagos is a gateway, you have to be careful to make sure everything works. If they have allowed us to decentralize this electricity, Lagos would have been the first to stabilize the electricity in Nigeria because we have Egbin and Dangote is building a massive one in Lekki so we would have been the first and that is why we are saying if you want to achieve maximum benefit, whatever amount of money you are spending is a waste, Obasanjo spent about 3 trillion naira and he got nothing, decentralize it and allow each state to have their own dam and run it, that is what is going on in the United States of America.

 

For me, we believe there are two pending promises, which is the inclusion of the Igbos In Governor Ambode’s government and there is also the kind of massive carrying along of the Igbo traders, what is your say on this?

Honestly, I do not have any personal thing against the Igbos afterall they are my in-laws so I do not have anything against them, we are playing politics and it is a game of numbers, you must be able to support the government of the day but we were disappointed at the last election because they voted massively for their own, which is Jonathan. You have a host and we have to be honest to ourselves, if you are biting me behind,  you do not expect me to have absolute confidence in you but anywhere you are, try to copy the tradition of that area, if I am not happy with you, you do not expect anything from me but if you are with me, there are responsible Igbo people in Lagos who are above board, those are the types but the traders, anywhere you ask them to go is where they go, that should not be, there are some people, suppose I pack my luggage to go and live in Anambra, nobody can question me because I have the freedom to do anything, but I must follow the rules of the state, you must support the government of that place, I cannot go there and be criticizing the government. We are pleading with our brothers, the Igbos, let them be part and parcel of us, we are all Nigerians and whatever you do, support the government of the day, that is when you can get anything. You must be able to show yourself that you support the government of the day. If you do not vote for me why should I vote for you, if my enemy has won the election, would you come to me? I’m appealing to them to join hands with us

 

 

 

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

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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

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Alpha Morgan to Host 19th Economic Review Webinar

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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.

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GTBank Launches Quick Airtime Loan at 2.95%

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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

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