Business
RESURGENCE OF WASTE ‘LL SOON BE OVER – AMBODE
…Seeks Support Of Residents To Deliver Clean, Hygienic City
…Inaugurates New Board Of Environmental Sanitation Corps
Lagos State Governor, Mr Akinwunmi Ambode on Saturday allayed the fears of residents over the resurgence of waste on major highways and streets, assuring that the State Government is on top of the situation and working round the clock to make it a thing of the past.
Speaking at Lagos House in Alausa, Ikeja after inaugurating new board of the Lagos State Environmental Sanitation Corps (LAGESC) now to be headed by a retired Assistant Commissioner of Police as Corps Marshal, Daniel Isiofia, Governor Ambode said the new waste management policy of government encapsulated in the Cleaner Lagos Initiative (CLI) was designed to holistically address the challenges in the sector, and that all hands were already on deck to confront the initial hitches with the transition period.
He said adequate officials of LAGESC transformed from the former Kick Against Indiscipline (KAI), have been employed to police all nooks and crannies of the State to curb indiscriminate dumping of waste and other acts inimical to clean, hygienic and sustainable environment.
Governor Ambode, who was represented at the inauguration by his Special Adviser on Education, Mr Obafela Bank-Olemoh, said concerted efforts were ongoing to clear the heaps of refuse across the metropolis, and assured that there would be marked improvement in coming days.
He said: “We are all living witnesses to the restructuring we are trying to do in the environmental sector. That restructuring culminated in the introduction of CLI which is focused at ensuring that the way we clean Lagos is comparable to what is being done in first class cities in the world.
“As a result, we are changing the way environment in Lagos is being managed and to help us to achieve that, this Sanitation Corp is important. But more importantly now is to speak to the fact that yes, we are having some challenges in the area of waste management in Lagos today. We all live in Lagos but I want to reaffirm that we are doing everything to ensure that this becomes a thing of the past.”
The Governor, who recalled similar challenges in the State in 1999 under the administration of Asiwaju Bola Ahmed Tinubu, expressed optimism in the workability of the new initiative, saying that the challenges with the teething stages would soon be over.
“Let me assure the people that in the coming weeks, there will be improvement. We are already witnessing a high-level of improvement; we promise that throughout this week and throughout next week, people will see a marked improvement in our State as more equipment come in to the country and we are able to deploy the equipment accordingly.
“But beyond the fact that we are clearing waste, the CLI is also ensuring that we have landfill sites not dumping sites but landfill sites where the waste we are generating in Lagos can be recycled, re-engineered and also resold so that we can create wealth and a new business for Lagosians to tap into.”
Speaking further, the Governor said: “Another key aspect of the initiative is that it will create jobs. As we speak to you, we have employed over 8500 new street sweepers that are being deployed across the State and the target is 27,500. So, every part of Lagos will have street sweepers that are unique to them and live in their neighborhood. Once again, I want to reassure the people that we are on top of the issues here; we promise that you will see a marked improvement and we are totally committed to that. God helping us, we will deliver one of the cleanest cities in the world,” the Governor said.
Besides, Governor Ambode said the support of residents was key to the success of the new initiative, and urged the people to team up with his administration to achieve the overall objective to deliver a clean, hygienic and sustainable environment.
Also speaking, Commissioner for Health, Dr Jide Idris said the need for the new environmental initiative became imperative owing to the fact that there was need for a review of the old system to tackle emerging challenges.
Idris, who said there was correlation between environment and health, particularly urged LAGESC to efficiently and effectively perform its duty, just as he underscored the need for the people to support government.
“The State Government will do its bit; that is why we are here; that is why everybody is working round the clock to ensure we get things done but the people themselves have a serious role to play in terms of their behavior, personal sanitation, what to do with waste and also the people must understand that whatever disease that befall them is due to their own personal behavior because they need to complement the activities of government.
“All of us have a role to play in keeping Lagos healthy because there is a connection between health, environment and security,” Idris said.
On his part, Isiofia thanked Governor Ambode for the opportunity to serve the people, assuring that his men will hit the ground running in line with the mandate to keep the State clean.
He said though the starting point may be difficult but assured that every efforts would be made to change the face of Lagos for good.
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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