Connect with us

Business

OSUN 2018: APC IN THE HANDS OF ARCHENEMY*

Published

on

Northern APC

 

  • Highlighting some of the factors that is likely to cause hullabaloo to All Progressives Congress APC in Osun State.

 

Osun State recent electoral misfortune in the western senatorial district can not be easily forgotten,not with the margins at which the opposition triumphed in the previous election that made the dancing senator to emerged victoriously.

 

Divergent views and opinions were expressed,what is however cleared and monumental is the fact that APC has lost Nine against one, which was  a collosal loss if not disgraceful to say the objective truth.

 

We can not deemphasis various factors but rather term it as a bye product to the reproduction of  what made APC lost two federal constituencies in the last national election namely the Oriade Obokun and ife federal constituency.

 

One of the greatest factors affecting All Progressives Congress APC includes ;

 

*Hidden Ambitions*

Hidden ambition and the idea of fielding those gladiators to work for same elective position as campaign coordinators or mobilizer chairman for the same election they lost its ticket without consulting the winner or the candidates involved ,those silent pretenders sometimes become controller of funds ,men and women meant to work for the party victory,these are people who have unsettled score and malice with the same person aspiring election.

 

Apparently, The case is like asking the same person who seek obaship to be the one to crown the same person who emerged. This among others is said to be the reasons why ALL PROGRESSIVES CONGRESS APC in Osun State normally record downthrow in many areas.

 

*Power Tussle*

The same scenario is re-emerging in embryonic way, where ,One time Commissioner who once indicated his interest for the house of Representatives seat of Oriade Obokun is now said to be overhauling his structure ahead of others and without even consulting the sitting Governor of Osun State.

 

He is believed to be one of the richest and well blessed commissioner under the first term of Ogbeni Rauf Aregbesola.

 

Same also is the feelings from ife federal constituency on also a one time Commissioner in Osun State who is equally eyeing the federal house of Representatives seat.

 

Meanwhile, It is on record that these two grand styling gladiators had served under the government of Ogbeni Rauf Aregbesola as commissioners. The reasons for them not to be returned as commissioner was connected to top security report at government disposal and their roles as campaign chairmen and their superogatory ambitions.

 

These two personalities has been eyeing elective posts to satisfy their inner conscience, but the whipped of the Governor as cabinet members made them dropped their ambition and both  ironically became the campaign chairmen of their respective domain.

 

There goes the errors, It was very possible for them not to worked with their full hearts because election funds,materials and men were at their disposals, discretions and candidates were left at their mercies.

 

*Issue of Aggrieved Members*

This is contained in a press statement Diekola made available to journalists in Osogbo on Monday, saying members of the party are divided and that the party cannot win the governorship election of 2018.

 

“There is nothing romantic about crisis within a political family, but we can’t afford to condone a lie that has a tendency to drag us backwards in our quest to genuinely reposition the party ahead of 2018.”

 

“As a concerned party member, I have studied the press statement, I wish, I could maintain silence after reading the poorly calibrated speech. The urge to respond to some of the political notes extracted from the statement, is irresistible.”

 

“With much reluctance to believe that Barrister Kunle Oyatomi genuinely meant some of the notes averred in the party press statement. Further, it’s very doubtful that Barrister Kunle Oyatomi had all round consultation with party bigwigs before he rushed to the press and tagged the ‘brains’ behind the electoral success of Osun APC in the past, and before things fell apart ‘dissidents.

 

“The diction and tone of the press release worries me, it doesn’t reflect that important lessons had been learnt from the concluded Osun West Senatorial bye-election.”

 

“However, I’m politically tempted to sympathise with Barrister Kunle Oyatomi, as APC spokesman; he’s understandably handicapped and under intense political pressure to promote a facade of unity within Osun APC.”

 

“Recall, the same Barrister Kunle Oyatomi issued a press statement before the concluded Osun West Senatorial bye election where he dismissed and downplayed the existence of the aggrieved bloc within Osun APC. The outcome of the bye election pointedly punctured his lie and dismissed him as a naive party member constrained by the party position.”

 

“While I cautiously agree with Barrister Kunle Oyatomi that unlike Osun PDP, we have one chairman in the person of prince Gboyega Famodun and our Secretariat headquarters is along Gbongan- Ibadan Road in the heart of Osogbo, unfortunately, Oyatomi forgot albeit deliberately, to tell us the number of times the Famodun led APC state executives had met, when last it held meeting at the state party Secretariat and how many of its members in the state executives are currently aggrieved and uncomfortable with the leadership of prince Adegboyega Famodun?”

 

“The time has come to say the truth. Whist it might be inconvenient for the political cotton weights, and a handful of politicians without a solid political base, masquerading as friends and loyalists of governor Rauf Aregbesola. I believe we need to speak the truth. And the truth is this: Famodun’s leadership is the biggest albatross on the neck of Osun APC.”

 

“The failure of Osun APC state leadership became manifest when we lost Osun West bye election to the Peoples Democratic Party. If the leadership of the party in the state had guided the selection process of the party without public display of bias against one of the aspirants, may be, the result could have been much different.

 

“How would Barrister Oyatomi convince party members and political watchers that party leadership is in charge of a ruling party where a cabinet member gleefully appointed his brother in-law as SSA legal without a murmur from the party leadership.”

 

“Quite to the contrary, we are divided in Osun APC, but unlike PDP; we have one chairman whose politics and leadership style have divided the party into two major blocs.”

 

“With the tone and diction of the press statement released by Barrister Kunle Oyatomi, dismissing the ‘home based politicians’ in Osun APC as ‘dissidents’, there is nothing suggesting that the ‘hawks’ in Osun APC are comfortable with the reconciliation process initiated by the National Secretariat of our party.

 

“Notwithstanding this temporary setbacks, we, the home based politicians in Osun APC have absolute confidence in the national leadership of our party and strongly in support of its political efforts to reposition the party in the state ahead of 2018 governorship election,” the statement reads.

 

Now,the game has started again, the coast is becoming clearer and opinions of today is that their ambitions remained alive and seriously manifesting day by day.

 

This could not have just started within a short period. Let the judges  therefore learn to excuse themselves from this new game of governorship for history not to repeat itself again and again.

 

Business

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

Published

on

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

Continue Reading

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

on

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.

Continue Reading

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

on

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

Continue Reading

Cover Of The Week

Trending