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UNVEILING THE MAN, OTUNBA ROTIMI PASEDA , his Agenda for Good Governance in Ogun State +His love for Garri and many more

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They called him Pasewonda; others called him Omo – Iya teacher, while in political clime he is best known as ORP, but his real name is Olatunde Rotimi Paseda.

Sometimes, he is described as ‘Arole Awolowo’ (the heir apparent of the late Sage, Chief Obafemi Awolowo) because of his belief in Awo’s political ideologies of free education, free and Qualitative healthcare, job opportunities and rural /urban integration, but today Otunba (Prince) Rotimi Paseda is the only man sustaining the political legacy of Pa. Obafemi Awolowo which is the Unity Party of Nigeria (UPN).

At the sound of his name exudes humility. He is a mentor, philanthropist, father and grand father.

Prince Olatunde Rotimi Paseda hails from Omu-Ijebu in Ogun State, he is a UK/Mexico based business tycoon. He came from a family of five, his mother was a retired teacher in public service and his dad was a store keeper at PZ, Paterzon Zokalis Nigeria Limited in the 60s. He started his career in PZ and ended his career in PZ. He was the longest service staff at that point. Today, he is well-known as Omo Iya Teacher.

Paseda attended Baptist Academy for his O’level at Ikorodu, Lagos state. He thereafter travelled abroad for his University education. He attended the University of London, UK where he studied Transport Management and later got his Masters Degree in Tourism and Recreation Management from University of Cardiff, Wales.

He is a member of the Chartered Institute of Transport, United Kingdom, and worked briefly as European Air Tour Operator with Euro Skylup International before establishing Skylink Travels and Tours over twenty-five years ago. This was his commencement of his self-employment venture in the United Kingdom and World wide.

Afterwards, he established his own company in UK which is currently being managed by his wife.

Along the line, he stumbled into a company in Mexico that manufactures heavy duty equipments. He recognizes the opportunity, bought into it and it became one of his main businesses. It is a big firm in Mexico and he is one of the three partners in the company. He is also into fire engines construction, which sells mostly in Eastern Europe, and Asia and Latin America. He has successfully established two engineering firms that are into fabrication and building of heavy machinery; they manufacture water tankers, fire engines, garbage /compacting trucks and the likes and they are doing very well.

Otunba Paseda owns four major companies across the world (UK, US, and Latin America). In Nigeria, he owns a couple of hotels spread across different parts of the country, little wonder, he was recently awarded alongside President Olusegun Obasanjo and Chief Olusegun Osoba as Most Influential Industrialist among 100 Most Influential Ogun Indigenes Still Leaving.

One important principle that had helped him in life and which is always with him is MODESTY. He was not at anytime, right from his youthful days been swayed by peer pressure. The Yoruba adage “Ranti Omo Eniti Iwo Nse” interpreted as “Know The Son of Whom You Are” as been the guiding principle in the life of Otunba Rotimi Paseda.

God has given this man a special grace in life, so he knows his onions, he knows his place and where cap fits him. He has set a limit for himself and what the Yoruba called “OMOLUABI” could be found in him. His recent introduction into Yoruba Patriots Movement, a Pan-Yoruba freedom group was not incidental. For him, moderation is the key. But in the real sense of things, it has a lot to do with upbringing. Growing under the roof of parents who were strict disciplinarians to the core, waywardness was a taboo at home so Prince Rotimi Paseda was made to see and live life in the right perspective.

Paseda’s mother would always weep on his neck, most times to remind him of where he is coming from. She pitiably emphasized this and would always remind him of what she went through in life in an attempt to consciously inject virtues and values in her dear son.

This made the young Otunba Rotimi Paseda vowed never to put his dear mother to shame, but to make her proud. When Otunba Rotimi Paseda was given birth to and being the son, he became everything to his dear parents who loved him with passion. This is an inspiration to all parents.

Prince Olatunde Rotimi Paseda is the legend behind Paseda Legacy Foundation, an NGO he established as a way of helping the needy and also to give back to the society.

His immense contributions to the development of Omu earned him the chieftaincy title of the Otunba Adeneye 1 of Omu-Ijebu, he was also installed as the Garkuwan Hausawan (the man of the masses) of Ogun State by the Hausa communities in Ogun State and the friend of the Igbos in the state, (Ezi Onyi Ndigbo). Would you now agree with me, Paseda is a man of all tribes?

The determination to succeed against so many odds encouraged Prince Paseda to forge ahead. He believes that if he can succeed out there in the UK, he should be responsible to his people at home by contributing his quota to the development of his home state, Ogun state and Nigeria at large.

ORP has fondly called is a strong advocate of job creation for millions of Nigerians, who need a means of survival. He believes that with the kind of manpower Nigeria has, it’s quite disheartening to realize that we are yet to unleash the potentials of our zealous youthful generation.

This made him contest, although unsuccessful for the Governor of Ogun state in the 2015 general elections alongside Senator Ibikunle Amosun of APC and Gboyega Nasir Isiaka of the Peoples Democratic Party. He is the major financier of Unity Party of Nigeria (UPN) in Nigeria and he personally believes in Awolowo’s ideology of free education, free health care, cheap housing scheme and rural integration, etc.

Otunba Rotimi Paseda is married to Chief (Mrs.) Yeye Vivian Oritsejamene and the union is blessed with children who are doing well in their respective field of endeavors.

However, there is one astonishing fact about this Ijebu-born politician that is unknown to many. What many people do not know about Rotimi Paseda is that, he loves drinking cassava flakes “garri” as you called it in local parlance with smoke fish (eja yiyan) .

Not only does he likes garri, but he has made it part of his life wherever he goes. At any point Paseda travels out of the country, Garri is number one item Madam Vivian packaged in his suitcase.

Otunba Paseda finds it unstable to eat outside the country without taking garri as his breakfast before any other food item. Garri mixed with iced block and roasted Guinea fowl, sauce with fresh tomato and dry pepper are sure combination of what makes delicious food for this Ijebu man.

To many, Paseda only dress sense is white, but unknown to them, he wears Polo T-shirt and other casual clothes whenever he wants to unwind.

Another exciting fact that will shock many is that, Paseda is sportmania. He owns an amateur football club named Paseda Legacy Football Club, registered under Paseda Legacy Foundation. Though, the launching process is still underway.

Although, he is a socialite per excellence, but his best alcoholic drink is Water, while he also detaste smoking.

Not known to many about Otunba Paseda is that, he embraces all religions. Despite being a Prophet in the Celestial grapevine, he has special passion for Islam and its faithful, little wonder, he named himself Muhammodu Taofeek.

His love for Muslim Duah remain uncouched as no fewer than 50 people have benefited from his self sponsorship programme to Mecca for their Holy Pilgrimage, while the Christian faithful have also drank from his olive branch.

Paseda’s kind of politics is unmatched, as he remain among many, the only politician that walk his talk. He preaches youths involvement in governance and has demonstrated that in his little capacity as the Executive Chairman of Paseda Legacy Foundation.

In fulfillment of his plans for the youths, Otunba Paseda donated the sum of N10 million Naira to some youths who trained under his skill acquisition programme, powered by Ultimate Achievers Initiatives to start their business.

Also, no fewer than 50 indigent students benefited from his free scholarship scheme across higher institutions in the state.

On his Agenda for Good Governance, Otunba Paseda who addressed a mammoth crowd at Ibafo area of Ogun State recently averred that, “As a seasoned entrepreneur, I have at different fora established a platform for the youths to exhibit their God-given potentials. I have taken it upon myself and an act of oath with Nigerian youths to absorb them with a mission to transform Ogun State into Eldorado of sort.

“My highly esteemed and ever dynamic youths, I salute your perseverance and doggedness, but don’t worry, your future is here and secured with me in our agenda for good governance come 2019.

“I referred to Ogun State as an enterprise not for any metaphorical analogy but to paint the picture that the fortunes or God forbid it, misfortunes of a state can be defined or determined by the type of government or people who are voted into government to paddle the state’s canoe. I can assure you that, God willing, with your support and the people’s vote come 2019, we shall together steer the ship of this state to a safe harbor.”

So, Ogun State people, I present to you, the man of many tribes. The man of the people and a grassrooter. Someone who is ready to serve but not to rule. Paseda encompasses the vision, mission and objectives of the late Obafemi Jeremiah Awolowo.

Let us support Otunba Rotimi Paseda, ORP to be the next Governor of Ogun State, together we can achieve the dreams of the founding fathers.

Michael-Azeez Ogunsiji is my name, but they call me D-PRESS, I just want to make common sense #dassol

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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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