Business
UNVEILING THE MAN, OTUNBA ROTIMI PASEDA , his Agenda for Good Governance in Ogun State +His love for Garri and many more
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
FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan
For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream.
But that narrative is quietly changing. Thanks to FirstBank.
The N1 Trillion Intervention Reshaping Access
In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.
Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.
9.75% Interest Rate in a 30% Lending Environment
MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.
Built for Salary Earners, Entrepreneurs and the Diaspora
The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.
Taking the First Step
For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?
Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.
Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako
Marking another milestone in its expansion drive, Alpha Morgan Bank has opened a new branch in Utako, Abuja, reinforcing its strategy of building closer institutional ties within key business communities and bringing its financial expertise closer to individuals, and enterprises driving the city’s growth.
The new branch, located at Plot 1121 Obafemi Awolowo Way, Utako, Abuja is strategically positioned to serve individuals, entrepreneurs, and corporate clients within Utako and surrounding districts.
The expansion follows the Bank’s recently concluded Economic Review Webinar held in February 2026, as the bank continues to position as a thought-leader in the financial services industry.
Speaking on the opening, Ade Buraimo, Managing Director of Alpha Morgan Bank, said the move underscores the Bank’s commitment to accessibility and service excellence.
“Proximity matters in banking. As communities grow and commercial activity expands, financial institutions also evolve to meet customers where they are. The Utako Branch allows us to deliver our services to people in that community efficiently while maintaining the high standards our customers expect,”
The Utako location will provide a full suite of retail and corporate banking services, including account opening, deposits, transfers, business banking solutions, and financial advisory support.
Customers and members of the public are invited to visit the new Utako Branch to experience the Bank’s approach to satisfying banking.
Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence
By George Omagbemi Sylvester | Published by SaharaWeeklyNG
“Nigeria insulated from international fuel shocks as Dangote Petroleum commits to uninterrupted local delivery.”
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to prioritising the domestic market, pledging to shield Nigerians from the ripple effects of ongoing global energy disruptions. The assurance, delivered in Lagos on 5 March 2026, comes as international refinery operations experience shutdowns or reduced output due to escalating Middle East geopolitical tensions, which have sent crude oil and petroleum product prices soaring worldwide.
“Our mandate remains clear: Nigeria’s local market takes precedence. In times of global supply shocks, we will continue to ensure that domestic availability of petrol, diesel, and kerosene is uninterrupted,” said Mr. Folorunsho Alakija, spokesperson for Dangote Petroleum Refinery.
The refinery’s declaration arrives amid mounting concerns over fuel scarcity, triggered by export restrictions imposed by major international producers, including China, and shipping delays that have further tightened global petroleum supply chains. Industry analysts have hailed the domestic focus as a critical buffer against volatility that could otherwise push Nigeria into deeper energy insecurity.
Domestic Shield Against Global Disruption
Dangote Refinery, Africa’s largest oil processing facility, has leveraged its multi-million-barrel refining capacity to mitigate Nigeria’s historical dependence on imported petroleum products. The company emphasised that prioritising local supply provides a strategic advantage in insulating the nation from international market shocks.
“Our refinery’s scale allows Nigeria to withstand short-term external disruptions. We have the infrastructure and capacity to meet local demand even when global supply chains falter,” explained Mr. Chijioke Okonkwo, Operations Director at Dangote Refinery.
The proactive approach is particularly significant as several international refineries have either reduced throughput or temporarily halted operations, causing a global scarcity of refined products. Experts warn that without domestic cushioning, fuel prices in Nigeria could have surged sharply, exacerbating inflationary pressures in a fragile economy.
Managing Costs While Prioritising Supply
In response to rising procurement costs for crude oil amid the international crisis, Dangote Refinery introduced a modest ₦100 per litre increase in the ex-depot price of Premium Motor Spirit (PMS), absorbing roughly 20 percent of the cost escalation to lessen the impact on consumers.
“We are balancing operational sustainability with affordability. While global prices have risen sharply, we have chosen to absorb a significant portion to protect Nigerian households and businesses,” noted Mr. Emmanuel Adeyemi, Chief Finance Officer.
This pricing strategy underscores the refinery’s dual focus: ensuring uninterrupted supply while cushioning the public from abrupt spikes that could destabilize economic activity. Industry observers have lauded the approach as pragmatic, considering the volatility in international oil markets.
Strategic Distribution Initiatives
Beyond refining, Dangote Petroleum has initiated Compressed Natural Gas (CNG) powered trucks to enhance nationwide distribution efficiency. The initiative seeks to reduce logistics costs and carbon emissions while ensuring a more reliable delivery network to petrol stations across urban and rural areas.
“Logistics is a critical part of the energy supply chain. By deploying CNG-powered trucks, we reduce dependency on expensive diesel, lower delivery costs, and improve supply reliability across the country,” explained Ms. Funke Adedoyin, Head of Logistics Operations.
This strategic move reflects a broader commitment to modernising Nigeria’s petroleum distribution infrastructure, reducing bottlenecks that have historically contributed to scarcity at retail outlets.
Implications for National Energy Security
Nigeria has historically struggled with fuel imports to meet domestic demand, making the country vulnerable to international market fluctuations. Dangote Refinery’s prioritisation of local supply mitigates this vulnerability by leveraging home-grown refining capacity, which allows for timely access to petroleum products and less reliance on foreign shipments.
“With Dangote Refinery leading local prioritisation, Nigeria is less exposed to global fuel shocks. The country is moving towards self-reliance in petroleum product supply,” commented Dr. Halima Suleiman, energy sector analyst.
Experts note that sustained operations at the refinery not only enhance energy security but also preserve foreign exchange, reduce import bills, and stabilise domestic market prices.
Corporate Social Responsibility and Market Stability
The refinery’s commitment is part of a broader corporate responsibility framework. Dangote Petroleum continues to engage with government agencies and regulatory bodies, ensuring that domestic supply is coordinated with Nigeria’s Petroleum Product Pricing and Regulatory Agency (PPPRA) to prevent panic buying and market distortions.
“We are in constant consultation with the government to ensure that our supply strategies align with national economic priorities,” said Mr. Alakija.
Such collaboration helps avert artificial shortages, stabilises pump prices, and maintains confidence in the domestic fuel market. Analysts argue that this approach exemplifies how private sector capabilities can complement governmental policies to enhance national resilience.
Navigating Global Uncertainties
The refinery operates in a complex global environment, where geopolitical crises, shipping constraints, and crude oil volatility can trigger disruptions. Dangote Petroleum’s domestic-first approach positions Nigeria to weather such crises more effectively.
“Global uncertainties are unavoidable, but our infrastructure and strategy ensure that Nigerians remain insulated from immediate shocks,” said Mr. Okonkwo.
This emphasis on resilience aligns with global best practices, where national refining capacity is leveraged to protect local markets from international supply disruptions.
Stakeholder Reactions
The government, civil society, and industry stakeholders have welcomed Dangote Petroleum’s strategy. Officials from the Federal Ministry of Petroleum Resources noted that prioritising local supply aligns with Nigeria’s energy security policies and reduces the burden of foreign exchange expenditures on crude imports.
“Dangote Refinery is demonstrating leadership. Its domestic prioritisation ensures that the Nigerian economy remains insulated during turbulent global markets,” said Dr. Tunji Olumide, Special Adviser on Energy.
Consumers have also expressed cautious optimism. Retail operators and commuters reported steadier fuel availability in Lagos and other cities, though concerns remain about sustained pricing and distribution efficiency.
The Road Ahead
While Dangote Refinery’s strategy provides immediate relief, experts argue that long-term stability requires further investments in alternative energy, diversified refining infrastructure, and strategic reserves. This ensures that Nigeria can withstand global shocks without relying excessively on imports or temporary supply adjustments.
“Short-term measures like prioritising local supply are critical, but long-term energy security demands diversification, renewables adoption, and consistent policy implementation,” said Dr. Suleiman.
The refinery is exploring additional initiatives, including expanding storage capacity, upgrading pipeline networks, and adopting technology-driven monitoring systems to ensure supply continuity across the country.
Final Take
By prioritising domestic fuel supply amid global market turbulence, Dangote Petroleum Refinery and Petrochemicals has demonstrated its role as a stabilising force in Nigeria’s energy sector. Through strategic logistics, modest pricing adjustments, and engagement with government regulators, the refinery is insulating the nation from international shocks while maintaining operational sustainability.
“Our responsibility extends beyond profitability; it’s about ensuring Nigerians have reliable access to essential fuel. We take that mandate seriously,” concluded Mr. Adeyemi.
The refinery’s actions offer a blueprint for how large-scale domestic capacity can protect national economies in times of global energy instability, underscoring the critical intersection of private sector resilience, public policy, and national energy security.
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