Business
PASEDA BEMOANS LACK OF CONTINUITY IN GOVERNANCE ……urges President Buhari to make political office less profitable
The Ogun State governorship candidate, Unity Party of Nigeria (UPN) in the last general elections, Otunba Olatunde Rotimi Paseda has berated political leaders in the country for their overzealousness and lack of continuity in the style of governance.
Otunba Paseda stressed that, Nigeria’s politicians are not matured enough to be managing the nurtured democracy gained by the earliest nationalists like Dr. Nnamdi Azikwe, Chief Obafemi Awolowo, Alh. Tafawa Balewa and others.
The business merchant cum politician who addressed journalists at the weekend during the 31st Sagamu Day Celebration, held at Makun High School, Sagamu, Ogun State, said the way political gladiators in the country were practicing democracy does not portray Nigeria as a developing country, and worthy to be called giant of Africa.
“I totally disagree with the way politics is being played in Nigeria. My style of politics differs from what is being played out among our political gladiators in the country today.
“Governance is a continuum. It does not matter who or which party that comes in, we must be able to bridge the lapses of the outgone government, rather than defacing or annihilate past administrations projects.
“It is mockery to our style of governance in the country and turning it into shambles, thus, making us laughing stock before the outside world.”
The Omu-Ijebu Prince therefore applauded President Muhammadu Buhari for his bold step towards ensuring stable economy for the country, urging him to make politics less competitive and unprofitable for political office holders.
He said this would stabilize and balance the polity, as only politicians who are ready to serve the country selflessly would show interest.
“Though, as a businessman, I’m affected by Buhari’s economy policies, because our credit cards now has limitation to amount of money it can transfer or carry around, but at the end, the benefits are enormous.
“I am surprised and happy as well when the President said, the country is financially constrained to pay 49 ministers. He should go beyond that, the President should make political office nonprofitable and less competitive, so that people don’t go there to make money.
“How would somebody go into politics, without a job career? Politicians in foreign countries have their businesses before dabble into politics, they only collect attendance allowances not as we have it here”.
Prince Rotimi Paseda however, took a swipe at the Ogun State Government for handling the burial arrangement of late Mrs. Hannah Idowu Awolowo with politics.
Paseda said the state government is not doing enough to honour the Matriarch, rather frustrating efforts of indigenes of the state to immortalise the late Chief Awolowo’s wife.
He accused the State Government for removing the monumental billboard he did in honour of the late Matriarch, describing it as barbaric and disrespect for the Awolowo family.
“I’m not bothered about the removal of my billboard I did in honour of Mama H.I.D Awolowo. I want to put it on record that, I paid all the required fees demanded by the Ogun State Advertising Agency before the billboard was erected. So, for someone in the government to have said the billboard is causing environmental hazard is barbaric and insult to Mama H.I.D Awolowo we are celebrating.
“If the state government actually wanted to celebrate and immortalize the late icon as they claimed, they shouldn’t be bothered about other people’s efforts to do so.
“They believe they are attacking Paseda or they don’t want to see my face, but they have forgotten that, the billboard in question was for Mama H.I.D, so it is not me they are attacking or insulting, they are insulting the late woman and Awolowo’s family entire. The death of Mama is not Ogun State issue alone, but national affairs.”
Harmony Gardens’ Ibeju-Lekki Portfolio Crosses $1bn
Harmony Garden & Estate Development Limited has expanded its development activities across Ibeju-Lekki, pushing the projected long-term value of its estate portfolio beyond $1 billion.
Led by Chief Executive Officer Hon. Dr. Audullahi Saheed Mosadoluwa, popularly know Saheed Ibile, the company is developing seven estates within the Lekki–Ibeju corridor. Details available on Harmony Garden & Estate Development show a portfolio spanning land assets and ongoing residential construction across key growth locations.
A major component is Lekki Aviation Town, where urban living meets neighborhood charm, located near the proposed Lekki International Airport and valued internally at over $250 million. The development forms part of the company’s broader phased expansion strategy within the axis.
Other estates in the corridor tagged as the “Citadel of Joy” (Ogba-idunnu) include Granville Estate, Majestic Bay Estate, The Parliament Phase I & II, and Harmony Casa Phase I & II.
With multiple projects active, the rollout of the Ibile Traditional Mortgage System, and structured expansion underway, Harmony Garden & Estate Development Ltd continues to deepen its presence within the fast-growing Ibeju-Lekki real estate market.
Business
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group, one of Africa’s leading diversified conglomerates, is maintaining a strong presence at the ongoing 62nd edition of the Paris International Agricultural Show in France, participating as a premium sponsor and supporting the Nigeria Pavilion at one of the world’s most respected agricultural gatherings.
The 62nd Paris International Agricultural Show, taking place from February 21 to March 1, 2026, at Porte de Versailles in Paris, convenes global leaders across farming, agro processing, technology, finance, and policy. The event serves as a strategic platform for industry engagement, knowledge exchange, and commercial partnerships shaping the future of global food systems.
BUA Group’s participation reflects its long term commitment to strengthening the entire food production value chain. Through sustained investments in large scale processing, value addition, and branded consumer products, the Group continues to reinforce its role in advancing food security, industrial growth, and regional trade integration.
Speaking on the Group’s participation, the Executive Chairman of BUA Group, Abdul Samad Rabiu CFR, said, “BUA’s presence at the Paris International Agricultural Show reflects our belief that Africa must be an active participant in shaping the future of global food systems. We have invested significantly in local production capacity because we understand that food security, industrial growth, and economic resilience are interconnected. Platforms like this allow us to build partnerships that strengthen Nigeria’s competitiveness and expand our reach beyond our borders.”
BUA Foods, a subsidiary of BUA Group, maintains a strong footprint in flour, pasta, spaghetti, sugar, and rice production, serving millions of consumers within Nigeria and across neighbouring African markets. The Managing Director of BUA Foods, Engr. Abioye Ayodele, representing the Executive Chairman, is attending the event at the Nigeria Pavilion, engaging industry stakeholders and showcasing the company’s manufacturing capabilities.
Also speaking at the show, Engr. Ayodele stated, “BUA Foods has built scale across key staple categories that are central to household consumption. Our participation at this Show allows us to demonstrate the quality, consistency, and operational strength behind our products. We are also engaging global stakeholders with a clear message that Nigerian manufacturing can meet international standards while serving both domestic and regional markets efficiently.”
The Show provides BUA Group with an opportunity to deepen trade relationships, explore new export pathways, and reinforce Nigeria’s growing relevance within the global agricultural and food ecosystem.
BUA Group remains focused on building enduring institutions, expanding productive capacity, and positioning African enterprise competitively within global markets.
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.
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