Business
Taiwo Oludotun: Impacting Lives with Philanthropic Gestures
Taiwo Oludotun: Impacting Lives with Philanthropic Gestures
TAIWO OLUDOTUN – A search on Google, Wikipedia or, even the Encyclopaedia Britannica, if you want do an advanced search will tell you that philanthropy “derives from the ancient Greek phrase ‘phylantropia,’ meaning ‘to love people’.
Today, the concept of philanthropy includes the act of voluntary giving by individuals or groups to promote the common good. Sometimes, certain levels of giving is referred to as charity and there is a good number of people everywhere that give a lot of charity to a huge of people around them.
A recent study concluded that Microsoft’s Bill Gates was number one on the list of the world’s top philanthropists with $27 billion in lifetime donations, followed by Warren Buffet with $21 billion, George Soros at $8 billion, Azim Premji, the Indian-American of Wipro, $8 billion down to Facebook’s Mark Zuckerberg.
In Nigeria, Wealth writers agree that Aliko Dangote. Rochas Okorocha, Tony Elumelu, Jim Ovia, Theophilus Danjuma, Emeka Ofor and Oba Otudeko in this particular order are among top philanthropists in Nigeria. How much each of the above Nigerian free givers has given out over time is, however, not known or documented.
Yet, there are hundreds more Nigerian philanthropists that remain anonymous and will never reveal the extent of their giving to several causes and charities. For instance, Engineer Taiwo Oludotun who is so passionate about his people and their development has poured millions of naira into his community’s development, to the point that his community in Abeokuta North Local Government in Ogun central district of the Gateway state has witnessed a huge transformation from a totally inconsequential community to a giant, well-developed town.
Recently, he taught it expedient to give the primary 1—6 pupils free holiday coaching to improve their knowledge and understanding of what they will eventually be taught in school whenever they resume back to their various schools of study
The free holiday coaching to the pupils will prepared them towards their school curriculum and fasten their knowledge in their various departments.
This level of philanthropy is totally unknown not only in this part of the world but even worldwide. For a man or woman to take up the facilitation of infrastructure – roads, bridges, primary and secondary schools, churches of different denominations for his own people is probably the height of giving.
This has not included the number of people he has rekindled their hope in futhering their studies through scholarship scheme, Notable also is the fact that many of those that have benefited from his largesse are not necessarily his relations.
If you witness how he bring relief to people in need you will begin to ask yourself, is this man a Nigerian? Due to his golden heart of giving back to the society.
Engineer Taiwo Oludotun’s huge charitable giving is extraordinary and certainly dwarfs that of other philanthropists in this part of the world. His philanthropy gesture has earned him hundreds of awards from groups, associations in a way of encouragement to do more.
“I never contemplated this idea of politics when I began caring for my peoples’ welfare, but I was just interested in developing the place and by extension, the whole Ogun state populace and Nigeria ultimately”, Some of my friends and associate do ask me question about venturing into murky water of politics in Nigeria “ Up till this moment, many of my friends always wondered why I am venturing into the murky waters of Nigerian politics, but I believe that if good people abstain from the affairs of the land, there will be no future for our children, particularly the unborn who could be left with no meaningful future in the years ahead.” he said.
Engineer Taiwo Oludotun feels that he cannot sit idly by when his people are enveloped in misery and severe poverty while God has made the kind of provisions he gave him. He said that he cannot wallow in wealth while the bulk of his people are wallowing in poverty, adding, “For God has given me more than I need for my immediate and extended family members and it was only fair that I distributed the huge extras for the welfare of my people.”
In the nearest future, if mandate is given to Engineer Taiwo Oludotun, he will boost his philanthropy gesture through increase in welfare projects that will ease people of his community and beyond.
His recent representation as commissioner for rural development has further widen his idea in the area of development in each and every area of Ogun state. Also, he served meritoriously as the honorable commissioner of forestry where he made sure our reserve is protected and aforestation of trees are implemented to avoid future dangers.
– Solanke Ayomideji Taiwo writes from Abeokuta, Ogun state.
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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