Business
OGUN STATE: THE ERA OF OLD RUM IN NEW BOTTLE BY BARR. HABEEB WHYTE
I remain Habeeb Whyte and I am still obliged with the responsibility that life placed on me to suggest a path towards developmental attempt especially where the State I hail from is concerned. I write this as a pen pusher that is ready to change the cause of his generation, using the pen and advocacy. I hail from Abeokuta where indigenes do not speak out of fear, but where they speak so that changes could be effected. My purpose comes with justification. In saying this, I am not trying to stir up wounds from any angle intentionally or accidentally, and I would like to avoid both situations. When you face a challenge that demands solution or a decision, you have two choices. You either emulate the example set by others or use your own creativity and intelligence to formulate a new idea. Many brilliant ideas have circulated the country and various States have copied their concepts, so much that these once inspired creations often become hackneyed.
However, second hand ideas are not for us here in Ogun State. We would rather lead than follow by a landmark. The problem now is the present crops of leaders in the State, striving to make policies centered on the blueprint of developing Ogun State a priority, especially on the note that our young Ogun indigenes are the precious asset and key to the States future success. Only the deep can call the deep.
Chief Obafemi Awolowo in his broadcast to voters in Ibadan as a Presidential candidate on February 12, 1979 has put the situation of events well when he said, “however, because some political leaders see your manifest destiny as a plaything; they do not intend to take their election promises seriously.
Indeed, they do not intend to take their election promises seriously. Indeed, they do not intend to make any binding undertakings to you. They have postulated no political theories nor have they prepared any coherent or unequivocal party programmes.” As if the late sage was a soothsayer, he has prophesized the exact events that are happening right now in Ogun State. I do not know if most of the elected leaders do forget the basis of been elected into office. In all sincerity, the present day leadership in our dear Gateway State lacks the right styles that can galvanize everyone they govern. The administration is not advancing to its proper destination like a railway goods train full of steam. It started on a good note to an extent. The latter part is not just it at all.
The stifling and scuttling of democracy in Ogun State begins exactly when our elected leaders are been giving the opportunity to lead for the second time. Our leaders are always caught in the web of under-performance during their second term in office. Whether this is a curse or so, no one has been able to accurately give an account. They fall into political liquidation at the time they have been given the second chance to keep transforming the State. One would assume that Ogun State been a State with well educated and exposed people, it can be easily assumed that the level of educated electorates can make her people easy to lead but difficult to drive. More easy to govern than enslave but the latter has govern the former confidently. We are mostly enslaved by our leaders both at the upper and lower level of the State. Most minds have been chained to the power politics system been operated rather than politics of development and welfarism. The State is not only saturated with emerging small minded political dictators, it is a haven for political nitwits and sycophants who worship stomach infrastructure projects and kowtowed anyone at the helms of affairs. It played out during the last local government elections held in the State. It was an eye saw. It is a very bad scene to be featured in a normal and sane political stage. Most Ogun indigenes have turned obsequious electorates. They are only interested and preoccupied with ‘cash for votes processes and it has in turn destroyed the real developmental process of electioneering. It is now in shams.
I know the present Governor was elected because he had a solid plan to deliver the Ogun indigenes from their assumed political miseries and afford him the opportunity to lay an infrastructure foundation for the States rapid industrialization and economic take off and development. No doubt, many Ogun electorates even those outside Ogun State homestead were envious of his first term achievement. I was impressed too. I cannot just explain his recent body languages as to the business of governance in the State. The height of maladministration is alarming. It was the thought of electorates that the influence of the number one citizen of the State with the number one citizen of the country would be of great blessing to the State. The whole politicking is rather than the impressive style and attention seeking mode. The activities of the government would rather be directed to impress the President than unite with fellow Southern leaders to lead a southern cause. The impressive style is a product of having a Minister of Finance from the State. Whether she has been able to lead the country out of recession is another topic for another day. The recent treatment of civil servants in the State is also a worrying issue. The moment the reward of hard work is pain and anguish, development ceases. If the main drivers of the States economy complains that their affairs are been mismanaged and rather than leadership of the State to do everything within their means to avert any eventualities but rather dares the guts of the workers with the invocation of the no work, no pay rule. This is a perfect explanation of how a single person arrogantly abuses the rights of many and tries to rationalize it. Management is more than just a word; it is a full fledged science. In the presence of light, darkness cannot exist; nor can the night of misery and suffering see the day. Light is therefore the symbol of hope. We would continue to pray that the great light shines on the States civil servants not for today alone but forever more.
I have always noted that the task of leaders especially political ones is the need for them to make an inclusion of an appropriate number of suitably qualified youths in their programmes, with an eye to succession. Leaders must learn to keep sight of the bigger picture. The bigger picture is one survival lifes driving force and the reason why all creatures spend each day trying to catch prey or escape their hunters. Survival cannot be achieved by wishful thinking. Continued growth requires huge effort, complete attention and being consistently alert to potential dangers. It is time for the Ogun State government to swiftly switch focus on the inclusion of youths in her programmes. This government has failed in that aspect from inception. It is not good that we keep having old wine in new bottle. Serve us fresh rum and lets toast to a proper political development. Cheers!
(WHYTE HABEEB IBIDAPO is a Lawyer, United Nations Award winner, Africa International Arbitration Award winner, Coca cola/ The Nation Campuslife Award Winner, Promasidor Runner-up for the Best Future Writer in Nigeria, i-Hustle Campaign Initiative Ambassador and Editor Egba Youth Awards Foundation.
Email: [email protected]
@whytehabeeb
Business
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.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
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.
Business
GTBank Launches Quick Airtime Loan at 2.95%
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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