Business
Pelican Valley Mulls Interest – Free Credit Facility For Ogun Journalists
Pelican Valley Mulls Interest – Free Credit Facility For Ogun Journalists
… As State NUJ Council Seeks Partnership With the Foremost Real Estate Firm
By Heritage Odih, Abeokuta
Pelican Valley Nigeria Limited is considering putting in place, a platform for journalists having existing and functioning ‘second address’ projects to access interest – free loan facility seamlessly.
The foremost real estate firm said the initiative when formalised would propel the beneficiaries’ aspirations further and encourage them to persevere on the path to self sustainability.
The Chief Executive Officer(CEO) of Pelican Valley, Ambassador (Dr.) Babatunde Adeyemo, disclosed this on Friday at The Podium within the sprawling Pelican Valley Estate Laderin, Abeokuta when he received members of the Ogun State Council of Nigeria Union of Journalists(NUJ) executive.
The 4 – man delegation comprising the Chairman, Com. Wale Olanrewaju, State Secretary, Com. Bunmi Adigun, Com. Femi Osipitan (chairman, Information Chapel) and Com. Bolaji Abiodun was at Pelican Valley Estate on courtesy visit to Dr. Adeyemo, where Com. Olanrewaju sought a symbiotic relationship and partnership with the firm in the areas of developing the first Ogun Journalists Estate, a Newsroom within Iweiroyin premises to be named after the late Mass Communication scholar, Professor Lai Osho, among others.
The multiple – award winning realtor noted that being an unrepentant advocate of second address, not only to the Nigerian journalists, but also to some of the nation’s politicians and political office holders, explained why he ventured into real estate business, combining it with news reporting to avert the risk of economically vulnerable.
He urged journalists practicing in the State to start charting a path to second address and stay on it to ward off future financial insecurity.
He hailed the leadership of Ogun NUJ, Com. Olanrewaju, for his transformative jobs being done at the Council Secretariat Okelewo within a short time of coming on board, vouching that given Comrade’s achievements so far, he could comfortably run any Local Government Area in Nigeria with zero federal allocation and still succeed.
The Anti – corruption ambassador commended his guests for the visit and expressed the readiness of the Pelican Valley to enter into partnership with the state Council in many mutually beneficial areas.
“Having considered the economic vulnerability of an average journalist in Nigeria, using my personal experience as a case study, I decided in the course of time to combine my news reporting with real estate business, so as not to lose my economic power and become economically vulnerable, which might eventually affect my objectivity in news reporting.
“As they say, ‘he who pays the piper dictates the tune.’ This singular conviction and adventure gave birth to the Pelican Valley Nigeria Limited and our numerous estates today.
“Today, Pelican Valley has not only become an household name but I, as the CEO of the estate firm, has become the poster boy of the real estate sector in Ogun state, having established one of the fastest growing Estates in the state.
“I am an unrepentant advocate of second address, not only to the Nigerian journalists, but also to some of our politicians and political office holders, who see political offices not as a service to humanity, but a business venture.
“In view of the above development and our zeal to bring in more journalists into the ‘second address’ drag net, Pelican Valley Nigeria Limited is proposing a platform where journalists who are already into an existing and functioning ‘second address projects’ can be encouraged with an interest – free soft loans to propel their aspirations further and encourage them to be on the path to self sustainability.
“This intervention should not be perceived as a national cake as disbursement would be personally scrutinised by us and will be one hundred percent based on merit.”
Adeyemo noted that in recognition of the critical role journalism practice in Ogun State had played in the birth and life of Pelican Valley, the real estate firm humbly facilitated the building of the present Iwe Iroyin mosque, two years ago, among other soft and private empowerments to vulnerable members of the Council.
He, therefore, appealed to the national leadership of NUJ to look into the Union’s constitution and create a space to accommodate non – practicing professionals like him and others as full fledge members, urging the body not to cast its heroes away in perpetuity.
“We cannot continue to throw away our heroes,” he advised.
Speaking earlier, Com. Olanrewaju hailed Dr. Adeyemo for his landmark achievements in real estate business and attributed the success story of the Pelican Valley Nigeria Ltd to the upright and responsible manner the CEO had conducted himself when he was in an active journalism practice.
The Ogun NUJ boss described Adeyemo as a man of integrity and dependable character, saying these attributes earned him the trust and confidence of investors in his real estate business, also assuring him that the Council’s consistent support any day.
Olanrewaju, however, used the visit to intimate him of basic facilities and infrastructural needs of the Council and solicited his support to address them.
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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