Business
Primate Ayodele Urges President Tinubu To Support Glo, Innoson, Others To Grow Nigeria’s Economy
Primate Ayodele Urges President Tinubu To Support Glo, Innoson, Others To Grow Nigeria’s Economy
The Leader Of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has advised President Tinubu to support indigenous producers like Glo, Innoson motors and others in order to grow Nigeria’s economy.
In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele revealed that the economy of the country is being destroyed by Nigerians because they don’t encourage and patronize locally made products.
He frowned at how Nigerians were helpless when DSTV earlier announced that it won’t be showing the AFCON 2024 matches. He stated that the uproar that followed the announcement indicated that there is a huge problem in the country and that if the country continues that way, the economy may continue to nose dive.
‘’We are killing our economy by ourselves; we are the problems of our economy. Why can’t we encourage the Nigerian-owned cable system to grow in the country? We are always after DSTV and GOTV, Why can’t we come up with our own cable station where we have every television station on it.’’
‘’Why are we promoting foreign products? We ought to have our own DSTV, GOTV, Star times instead of depending on these imported cable systems. It is time for us to rise, we have all it takes to get all these things but our leaders will not look into it.’’
Speaking on telecommunication, Primate Ayodele mentioned that Nigerians patronize foreign companies more than the indigenously-owned Globacom. He explained that an indigenous company like Glo should be encouraged to expand and look into telephone production but even policies designed by the government don’t encourage the company and other indigenous companies that may want to surface.
‘’Glo is our only indigenous telecommunication service provider but we patronize the foreign ones more. Instead of patronizing our Nigerian made product, we are looking for foreign made products. Nigeria is killing Nigerians, we are killing ourselves. God will not come down to help us if we don’t help ourselves.’’
‘’Why is it that Glo cannot start making sophisticated telephones? We use imported phones in the country, why can’t we have our own? We should not continue praying to God, our economy is in our hands. ‘’
‘’Let us encourage indigenous products so that Nigeria will move forward. Nigeria has all it takes to become economically buoyant but our leaders are so myopic. Instead of supporting indigenous products, the country destroys them with huge taxes, fines, encourage foreign competitors that will end up killing our local products.’’
Education wise, Primate Ayodele noted that the country values degrees from foreign universities more than the once gotten from Nigerian institutions, citing it as reasons for fake certificates littered across the country. He reiterated that the country isn’t economically buoyant because home products are not encouraged. He asserted that there can be no solution to the country’s economic crisis until local products are encouraged in patronage.
‘’Even education wise, we value degrees from foreign universities more than the ones gotten from Nigerian universities and that’s why we now have fake certificates littered across the country. We are not buoyant in this country because we don’t patronize our home made products, we are killing them and that’s why dollars will continue to rise against the Naira. There can be no solution to our economic crisis until we support our local made products.’’
Furthermore, Primate Ayodele urged the government to seek opportunities for indigenous products to expand instead of being caged. He also blasted state governments that prefer to partner with GAC and other foreign made vehicles when Nigeria has innoson motors. He encouraged the government to do more for local products because it will help the economy of the country.
‘’Instead of looking for ways to cage our indigenous products, the government should encourage them to do more, and provide funds for them to expand. We can have more of our own soft drinks, wines, food, and several others. Instead of killing them, let us encourage them and give them home advantage. We have innoson motors but some state government are dealing with GAC and other foreign made vehicles, how do they want our indigenous product to grow?’’
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
Business
BUA Group, AD Ports Group and MAIR Group Launch Strategic Plan for World-Class Sugar and Agro-Logistics Hub at Khalifa Port
BUA Group, AD Ports Group and MAIR Group Sign MoU to Explore Collaboration in Sugar Refining, Agro-Industrial Development, and Integrated Global Logistics Solutions
Abu Dhabi, UAE – Monday, 16th February 2026
BUA Group, AD Ports Group, and MAIR Group of Abu Dhabi today signed a strategic Memorandum of Understanding (MoU) to explore collaboration in sugar refining, agro-industrial development, and integrated global logistics solutions. The partnership aims to create a world-class platform that strengthens regional food security, supports industrial diversification, and reinforces Abu Dhabi’s position as a hub for trade and manufacturing.
The proposed collaboration will leverage BUA Group’s industrial and logistics expertise, Khalifa Port’s world-class infrastructure, and AD Ports Group’s operational experience. The initiative aligns with the objectives of the UAE Food Security Strategy 2051, which seeks to position the UAE as a global leader in sustainable food production and resilient supply chains. It also aligns with Nigeria’s food production- and export-oriented agricultural transformation agenda, focused on scaling domestic capacity, strengthening value addition, improving post-harvest logistics, and unlocking new markets for Nigerian produce across the Middle East, Asia, and beyond.
Photo Caption: L-R: Kabiru Rabiu, Group Executive Director, BUA Group; Cpt. Mohammed J. Al Shamisi, MD/Group CEO, AD Ports Group; Saif Al Mazrouei, CEO (Ports Cluster) AD Ports Group; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group; and Steve Green, Group CFO, MAIR Group
Through structured aggregation, processing, storage, and maritime export channels, the partnership is designed to reduce supply chain inefficiencies, enhance traceability and quality standards, and also create a predictable trade corridor between West Africa and the Gulf.
BUA Group—recognised as one of Africa’s largest and most diversified conglomerates, with major investments across sugar refining, food production, flour milling, cement manufacturing, and infrastructure- brings extensive industrial expertise and large-scale operational capability to the venture. MAIR Group will provide strategic support in developing integrated logistics and agro-industrial solutions, creating a seamless platform for production, storage, and distribution.
Abdul Samad Rabiu, Founder and Chairman of BUA Group, said:
“This MoU marks an important milestone in BUA’s international expansion and reflects our long-term vision of building globally competitive industrial platforms. Together with AD Ports Group and MAIR Group, we aim to develop sustainable food production and logistics solutions that strengthen regional supply chains and support the UAE’s Food Security Strategy 2051.”
He further added that, “This partnership represents not just a commercial arrangement but a strategic food corridor anchored on shared economic ambition, resilient infrastructure, and disciplined execution, reinforcing long-term food security objectives for both nations.”
A representative of MAIR Group added:
“This collaboration underscores our commitment to advancing strategic industries in Abu Dhabi and building integrated solutions that reinforce the UAE’s position as a global hub for trade, food security, and industrial excellence.”
A spokesperson from AD Ports Group commented:
“Our partnership with BUA Group and MAIR Group highlights Khalifa Port’s role as a catalyst for high-impact industrial investments. This initiative will enhance regional food security, strengthen global trade connectivity, and support Abu Dhabi’s economic diversification goals.”
This MoU marks a historic collaboration that combines world-class infrastructure, industrial expertise, and strategic vision, setting the stage for a sustainable and resilient food and logistics ecosystem that will benefit the UAE, the region, and global markets alike.
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