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THE FACE OF TOURISM IN LAGOS WILL CHANGE THIS YEAR – Steve Ayorinde

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Until a few weeks back, Steve Ayorinde was the Commissioner for Information & Strategy in Lagos State, a portfolio he handled so well, since October 19, 2015, two and a half years ago. It was on 11th January 2018 that the news of his redeployment came. He was moved to the Tourism, Arts and Culture Ministry which happens to be a major plank of the administration in Lagos. This is because Gov. Ambode attaches a lot of importance to Tourism and the Creative Arts. Unknown to many Steve Ayorinde is quite at home with the two Ministries.

Steve Oluseyi Ayorinde has always been a media man all his career and he rose to the very top of the ladder before he went into public service in 2014 when he joined Gov. Ambode’s campaign team as the Director of Publicity of the campaign and one of the first eleven. It was after the victory at the polls that he was appointed to the cabinet.
Now, he has been saddled with an equally tough assignment as the Commissioner for Tourism in Lagos State.But that is still a familiar terrain for this brilliant technocrat who is equally at home with the running of that portfolio. Tourism, Entertainment and the creative arts sector are the areas he naturally has a flair for. So, he was quick to settle in and he hit the ground running. He is lucky to have as Permanent Secretary in the Tourism Ministry the same man who was his Perm Secretary whilst he was at the Information Ministry. His own redeployment was ahead of Steve’s redeployment.
He was previously the Managing Director/Editor-In-Chief of the National MirrorNewspaper. Before that, he was the Editor of The Punch Newspaper in Nigeria. So he has had an impressive media career.
Not many know that as a media man he had a bias for the Creative Arts. He is also regarded as one of Nigeria’s best renowned film and art critics, who has served on the Juries for some of the world’s most recognised film festivals and awards, such as the Toronto International Film Festival, Cannes Film Festival, Berlin International Film Festival, AMAA and Mumbai International Film Festival.
What’s his pedigree like? We would tell you. Born in Ibadan, Oyo State on July 9, 1970 to the family of late Chief Sunday Adetunji Ayorinde and Chief (Mrs) Victoria Ayorinde, he is a product of Obafemi Awolowo University, Ile-Ife. Steve was also educated at the University of Lagos, Akoka and University of Leicester in the UK, where he earned a master’s degree in Globalization and Communications.Well travelled and a polyglot, Steve Ayorinde is a European Union Fellow at the Foundation Journalists-in-Europe (1997-98 set) – a comprehensive one-year training scheme for mid-career journalists. He is also an alumnus of the prestigious State Department’s International Visitors’ program (IVP) in the United States; Goethe Institute, Berlin and University of Siena for Foreigners, Italy. As a journalist, author, publisher, media consultant, Steve Ayorinde has more than 24 years experience and won multiple awards.
His career started in 1991 at The Guardian Newspapers in Lagos, Nigeria which was renowned as ‘The Flagship’ in Nigerian media space at the time. He was a pioneer staff of The Comet, where he edited the Arts, Entertainment and Media section (1999 – 2003), after which he joined The Punch, Nigeria’s largest circulating newspaper.
He worked at The Punch in various capacities, first as Arts Editor, United Kingdom Correspondent, Member of the Editorial Board and ultimately as Editor of the daily title. It was at The Punch where he started his popular back-page column, Something Before the Weekend, which ran every Thursday. He later worked at National Mirror, first as the Editor/Executive Director in charge of Publications and later as Managing Director/Editor-in-Chief between 2010 and 2013. He has since practised as a syndicated columnist and Media Consultant and Strategist. He was the Director of Media and Communications to the Akinwunmi Ambode Campaign Organization between September 2014 and April 2015.
Steve has authored 3 books: Masterpieces: A Critic’s Timeless Report (Spectrum Books, 2008); Abokede: The Man, The Hill, The City (ArtPillar Books, 2011) and Cascade of Change: A Decade of Liberal Thoughts (Liberal publishing, 2015). He also edited For Law, For Country: Conversations with the Bar and the Bench (Global Media Mirror Publications, 2012). A committed member of the pen fraternity, Steve Ayorinde has served the Nigerian Guild of Editors in various capacities over the past decade, as Assistant Secretary General; Vice-President (West) and Deputy President.

Last week, Wednesday, he told City People Publisher, SEYE KEHINDE, how Governor Ambode plans to transform Tourism in Lagos State over the next few months. Below are excerpts of the interview.

Let me start by asking you how easy it has been settling in as the new Lagos Tourism Commissioner. What are your plans for the industry?

For me, it wasn’t difficult settling down. It’s a continuum. It is a continuation of our efforts. Information, Tourism and Culture, idealy, are together. That is what you have at the Federal level and most other states like Rivers, Oyo, etc. Inspite of that, even while I was in Information Ministry, I have had very close relationship with the Tourism, Arts and Culture Ministry and therefore its been a smooth cross over.
Incidentally, my Permanent Secretary who I had worked with for the past 3 years in Information ministry happened to have been redeployed to Tourism Ministry before me. So, it looked like a fore runner. Its like a familiar room in a house that you have lived in for a couple of years. You will have a fair idea of your room, the living room and some other rooms. One of such rooms which I am pretty much familiar with is the Tourism, Arts & Culture Ministry. For me its hitting the ground running. It won’t require learning any ropes.
For the past 2 and half years, one has seen a certain bias for Tourism and Entertainment by the Ambode administration. Is it one of the planks of his government?

It is a major solid pillar of this administration. Maybe the 1st time ever in the history of Lagos State or shall we say in the history of any state in Nigeria, with the exception of Cross River at a time under former Governor Donald Duke, this is perhaps the first time, any state will be showing seriousness and strategic commitment to Arts and Culture. If you noticed, right from the campaign, perhaps the only acronym that Gov. Akinwunmi Ambode used in campaigning was Project THESE.
There were other key things that he promised like the strategic way he was going to intervene in road construction, when he said a certain number of roads will be constructed, per year amounting to a certain number of roads in 4 years and also the manner in which he said he was going to intervene in job creation and opportunities when he spoke about the N25 billion employment Trust Funds and also when he said he will do a lot more in attracting investments into the state which ultimately led to Lagos Global. But the new thing he was bringing on board that had a distinct acronym of its own right from campaign which has stuck up till now was his interest in TOURISM, Arts, Culture and Entertainment with, what he calls Project THESE.
THESE stands for TOURISM, HOSPITALITY, ENTERTAINMENT and the ARTS, together with SPORTS to achieve excellence-THESE. I was lucky to have been part of the team that worked on the document that produced the agenda for Project THESE. Even whilst I served as Information Commissioner, I was very conversant with the fact that the Information Commissioner was the Chief spokesperson for the State, Chief Strategist, after His Excellency, the Governor who is the Senior Chief Strategist for the state but I knew of course that ideally, the way His Excellency designed the Ministry of Tourism, Arts and Culture, whoever heads that Ministry ought to be for the state, the Chief Marketing Officer for the state, because what would be used in selling Lagos, branding, Lagos, in attracting people to come, even when they are coming bringing their moneys will be TOURISM. That will be our comparative advantage in areas of what we call the Creative Economy.
That was going to be thing. So, we were deliberate right from the outset. Don’t forget that the Ministry as we have it now, never existed. There was a time before now when you had Culture and Tourism together with Information. That was under the Ministry. But Asiwaju changed all that. Asiwaju created what we now have up till today. He felt we should use Information and the Media as the key strategy for the state, because no matter what you do with your deliverables, without the public knowing it, you will be winking in the dark.
So, Asiwaju wanted a codified, a streamlined approach. To Information Management and Strategy and therefore Information and Strategy was born. Tourism and Culture had to be ceded to other Ministry. Tourism was humped with Inter-governmental affairs, while Culture was hibernating under the Home Affairs. But right from campaign, H.E Gov. Ambode said he knew what he wanted to do with Tourism, Arts, Culture. So, he removed culture from Home Affairs. He removed Tourism from Inter-governmental affairs and added Arts to it.
So that you will have the Ministry of Tourism, Arts and Culture that will stand alone, work in consonance with the Ministry of Information, with Lagos Global, with Ministry of Commerce, depending on the need and re-energise the Creative economic sector of the state. And we believe that in the last two and a half years, we would have succeeded considerably in creating a road map and sinking it in the consciousness or the people, what was possible. But we knew we were not there yet.
The state at which we are now is with the seriousness and commitment of His Excellency, the governor, to say let us now build on the foundation that we have laid.
Let us now begin to see the business part of show business.
So that we do not see just the show business, let us see the business part. Let us see the economic part of the creative sector. That is where we are now and we believe that with what we have lined up, beginning from this year, it will be obvious in no time to people that this is a government that means business, when it comes to the business of entertainment, arts, culture and tourism

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Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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Alpha Morgan to Host 19th Economic Review Webinar

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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.

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GTBank Launches Quick Airtime Loan at 2.95%

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GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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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