Business
OLATUNDE PASEDA : A POLITICAL TACTICIAN WITH A HEART OF GOLD
By Femi Salako(Triangle News Media)
So much value is attached to names in the Nigerian society because of the fact that whatever name we bear definitely has a defining role to play in our lives. Olatunde Rotimi Paseda is one individual who has continually enjoy the ample benefits of manifold presence of God. His name has also become a household name within and outside of Ogun state because of the major character traits that he shares with the late sage, Obafemi Awolowo.
Otunba Paseda as he fondly called by his supporters is clearly a blessing to Ogun state in view of his character traits that is firmly focused on providing for the needs of the vulnerable and giving back to the society that has produced him. His involvement in politics is premised on the quest to reenact the political ideals of Chief Obafemi Awolowo in the area of harnessing state resources to meet the critical needs of the masses. Otunba Paseda has proven his mettle in world of business outside the shores of Nigeria and has left no one in doubt that he can actually achieve the same success in politics if giving the opportunity.
He is the Elisha of our time that is on assignment to reignite the laudable achievements of Chief Obafemi Awolowo in Ogun state in particular and the South Western part of Nigeria at large.
Olatunde Paseda is a successful business man with entrenched interest in the United Kingdom where he has done very well for himself and family. The Omu man has successfully established engineering firms in the UK with business interests in the fabrication and building of heavy machinery; manufacturing of water tankers, fire engines, garbage/compacting trucks and the likes. Political interest of Paseda has largely been awakened by his conviction that he could conveniently leverage on his business successes in the United Kingdom to develop the people of Ogun state, the state itself and Nigeria as a nation.
Ogun state is very lucky to have a man like Olatunde Paseda who is conscious of the world of difference between a political leader and the followers; yet he has sufficiently bridged such gaps. The consciousness of this difference has always inform the image, actions, and communication mode of Otunba Paseda. The fabrication giant carries himself with an aura that never suggests that he is in anyway better than his followers; but will always elect to have an objective perspectives on wide range of issues bothering on his domain.
Rotimi Paseda sure has a gentle mien but posses a tough character traits. This has often than not helped him to take tough decisions whenever the need arises. He is never unmindful of the fact that difficult and timely decisions need be taken in certain situations if the the best interests of state and party are to be given premium consideration. Decisions of this nature are not always expected to go down well with everyone, but he had always effect them with the required firmness, authority, and finality. Olatunde Rotimi Paseda is never given to taking unilaterally decisions; rather he has made himself an advocate of collaborative decision making process that would bring about party cohesion and positive developments.
Paseda is also a model of empathy who always look out for solutions to the challenges being faced by his people. He takes it upon himself to look inward in providing pragmatic solutions to whatever problem that is encountered by any of his followers with a firm focus on forward movement.
Rotimi Paseda has proven himself as a leader who has earned the trust of his followers. He would always do a personal follow-up on all outstanding issues, pay personal visits to his supporters, and make it a point of duty to monitor the effectiveness of party policies and procedures. Paseda will never hesitate to commend party members that are worthy of commendations while reprimands would also not be spared for those that fall short of acceptable set standard of conduct for party members. Paseda is a distinct leader that would promptly identify any problem before it becomes an emergency and would not waste time to proffer effective solution.
Olatunde Paseda has established himself as a political leader who is confidence inspiring. He is also a fountain of good counsels who has helped in a great deal to shape and better the lives of so many of his supporters. He is a model of a resolute mind that will stand firm to fight for and champion all worthy causes for his followers.
Olatunde Rotimi Paseda radiates positive energy and communicates this through his thoughts and deeds. He is no doubt a man with an heart of gold and in whose veins kindness flows. This explains why he always feels genuinely concerned for other people’s welfare. Paseda is never short of practical solutions to issues and words of reassurances that edify the souls of his party members. He is a team player who abhors pessimistic thoughts that are capable of dampening the highly effective unity of purpose spirits of his supporters.
Olatunde Rotimi Paseda is one of the very few politicians around that cherishes ethical practices and believes that only diligence, reliability and honesty are the bedrock of a lasting success. He so much personifies these high moral values to a point of emulation that his integrity has never been in doubt. He would not hesitate to openly share information and avoid spin control.
ORP has no doubt proven himself as a leader that motivates followers to best performance through effective, clear and concise communication. He throws up subtle challenges to those around him by setting high and yet attainable standards for them. He would follow it up by providing the much needed support, exposure, training and latitude for the pursuance of visions, so as to attain the very height that one can possibly climb.
The 2015 gubernatorial candidate of the Unity Party of Nigeria has not giving up on his dreams and visions to effect a total turn around in the body polity of Ogun state.
He still remains a strong advocate of job creation for millions of Nigerians that need a means of survival. Paseda remains unpleased with the fact that the nation in general and Ogun state in particular are yet to unleash the potentials of the youthful generation in view of the available manpower.
Olatunde Paseda is still very much itching to effect a change that will usher in an era of innovative governance, people-oriented programmes and an all inclusive government that will be based on the tested principles of the old Unity Party of Nigeria founded by the late sage, Chief Obafemi Awolowo for a guaranteed future in Ogun state.
ORP still finds the prevailing incremental development in Ogun state very much unacceptable. He believes the only and best way to go for the state is to join the league of state like neighbouring Lagos state and take the full advantage of total development which is bound to usher prosperity into the state. In the words of Olatunde Paseda, “Yes, some can argue that there are pockets of developmental projects scattered here and there in Ogun state under the present administration, but most of these developments are obviously not people-oriented and did not benefit everyone”.
The grassroot mobilizer still take exception to the prevailing governance style in Ogun state that is deliberately crafted to favour few privileged ones at expense of the larger population. Paseda still remains convinced that free education from nursery to tertiary level for all Ogun State students is achievable under the Unity Party of Nigeria. He also has his sight on provision of free health services and facilitation of integrated rural and community development in Ogun State. The Omu political tactician once lamented the health and educational states of Ogun thus: “Our tertiary institutions remain grossly underfunded and tuition fee is out of reach for majority of Ogun State students”.
Olatunde Rotimi Paseda equally remains committed to the creation of full and sustainable employment opportunities for the people of Ogun state. He is of the opinion that free education and free healthcare are no rocket science as some detractors would want to believe. According to him, “I’ve said it on different fora that achieving this is as simple as intelligent budget manipulation”.
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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