Business
Primary school leaving certificate is not required for payment of salaries – Osun state Government
The government of Osun State has said that the Primary School Leaving certificate is not a condition for the payment of arrears of salaries to the state workers following the statement that was allegedly made on Tuesday that the primary school certificate is required for the settlement of debt.
This disclosure was made on Wednesday, 9th September, 2015 by the state Head of Service, Mr. Sunday Owoeye in a programme monitored in Osogbo on the state television, Osun State Broadcasting Corporation (OSBC).
He described as mischievous and incorrect a media report that the state has asked all workers in the state to present their Primary School Certificate before the arrears of salaries due to them are paid.
The Head of Service pointed out that the circular sent out by government is not meant for the payment of salaries, but for monitoring and control within the civil service.
Owoeye stated that the verification of workers under a normal civil service situation is an exercise that is supposed to be carried out yearly.
He added that streamlining the civil service must be an on-going process, saying that for organisation, be it public or private to grow and remain healthy, such outfits need to examine and check itself regularly.
The HoS emphasised that the circular and forms that were distributed to worker to fill were like a questionnaire that civil servants need to input information that are applicable to such category of workers.
According to him, “It needs to be stated clearly that in the scheme for public service workers, it is only those who are appointed as cleaners, messengers and guards that are expected to present their primary six certificates. Do you ask doctors, engineers, pharmacists and other cadres in that category to come and present primary school certificates?
“Form filling is very important and you can see that is why institutions place much emphasis on it. If you are filling a form, you are not compelled to fill everything. You will have provision for “Not Applicable”. If the question is not applicable to you, then you put it there. Primary six certificate is not a compulsory condition.
“The impression these people are now giving is that the circular says that if you don’t present your Primary six certificate, you can’t receive your salary, that impression is mischievous. So, it is not correct that all workers are being asked to present such certificates before they are paid”.
He averred that the government is not unaware of the fact that some people have been paid to distort the truth, noting that they will want to justify the pay collected from their paymasters by trying to set workers against government.
Owoeye held further that the much talked about bail out is not a charity from banks, noting that Osun is trying to be sure that the loan meant for the payment of backlog of salaries gets to people that are supposed to get it.
He added that the screening and verification exercise is a scheme by government at ensuring that leakages are being blocked, “nobody borrows to pay for fake or dubious service or products.
”As we speak the comprehensive screening of workers and pensioners of the state of Osun was completed only on Tuesday, 8th September, 2015 whereupon a formal report is to be submitted on the outcome of that exercise this Friday. We are on it.”
Speaking on insinuations that the process is a delay tactics, he queried this saying workers and government had earlier decided that there should be an exercise to get the actual figure of the amount to be paid as salary.
“Government’s intention on this exercise is healthy and we are on course. The chairmen of the screening committees are to bring in their reports. We are looking at it and we’ve been discovering irregularities. I don’t have to hide that from you,” he said.
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.
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.
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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