Business
WHY OGUN STATE NEEDS PASEDA
BY OBADIMU ADEYEMI VERON
It is evident that Ogun State is at the verge of collapse as the lack of water in the State as become worrisome. And has such residents resorted to gutter to fetch water.
In the power sector the State has been thrown into total darkness as a result of Governor Amosun uncouth and bitterness politics. It is record that towards talend of Otunba Gbenga Daniel administration in Ogun State, not less than 22 mini power plant were bought with tax payer money to provide lasting solution to power shortage in Ogun State.
Infact in some major part of Abeokuta, the power plant poles marked with Red paint have been installed to test run the effectiveness of the mini transformer.
Before OGD left office one of the mini power plant was installed at the Governor Office oke mosan which till today serve the whole laderin community, south West resources centre and Obasanjo Hiltop Estate.
As we all know, government is a continuum, the idea was that successive administration would install the mini power plant across the 20 local government in Ogun State, but when Amosun came on board he abandon the project because it was initiated by OGD PDP administration and such power plant are being rotten at the arcade ground of Governor office.
If the power plant have been installed today the issue of power failure in the State would have become history and automatically boost economy of the State as Artisan such as welders, hairdressers, saw mallers, fashion designers, computer operators etc. Industrialize companies would not spend so much buying fuel and even drive investors to the State. Mr Governor you messed up on this sir.
Another crucial sector is Education, Since the inception of Gov Amosun in 2011 the standard of Education in Ogun State has fallen Beyond expectation.
Aside from disorganizing the curriculum of primary and secondary schools with Unified Examination wish prevented our peoples from written second term Examination in 2015, the latest non payment of lectures salary, lack of subventions and teaching equipment stumbling blocked.
It is in this wise that i recommend OTUNBA ROTIMI PASEDA who can transformed and combine his leadership skills to confront the daunting challenge facing the State.
WHY PASEDA?
Rotimi Paseda, a frontier business man, cum politician became the beautiful bride in Ogun State since his adventure into politics in 2015.
Though, he contested but unconvincingly lost out to Governor Amosun, but Paseda remain deviant in the pursuant to give good people of Ogun State the desired dividends of democracy.
Otunba Rotimi Paseda as fondly called, has embark on many philanthropical empowerment to better the lives of people at the grassroots. Part of many of his kind gestures include, payment of tuition fees of about 50 students of MOSHOOD ABIOLA POLYTECHNICS, about 20 students at FEDERAL UNIVERSITY OF AGRICULTURE Abeokuta, a final year Law student of OLABISI ONABANJO UNIVERSITY, Ijebu Ode. Also in furtherance of his determined effort to provide free Education at all levels, Paseda gave 50 student’s of Future promise college who excelled in their WEAC Examination Scholarship to any higher Institution of there choice.
On health, Paseda offset hospital bill of appendix patient, paid the sum of 500,000 for amputated patient at FMC, Abeokuta (see ALAROYE NEWSPAPER LAST YEAR APRIL). He single handedly paid all expensive trip of a nine years old Oluwatobi to India for heart surgery. All these through his non governmental organization, PASEDA LEGACY FOUNDATION……Need i say more .
Without sentiment, one can safely say Paseda is a philanthropist to the core, having also employed over 300 Nigerians in his shores of companies spread across the length and breadth of Nigeria to reduce unemployment in the country.
Otunba Rotimi Paseda, also assure the good people of Ogun state that the youth Will be most prominent in his government come 2019. He stated ‘my government Will have many plus several appointment cutting across various positions, making the sons and daughters of the common man important. So help me God’
What else can be said about this Ijebu born politician that enjoin all good citizen of Ogun State to rally round this noble man of integrity as Governor of Ogun State come 2019 to turn the dwindling fortune of the State better .
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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