Former President Olusegun Obasanjo recently cautioned that Nigeria is currently facing a precarious situation, drawing a parallel to “sitting on a gunpowder keg.” His remarks, delivered at Dele Momodu’s leadership lecture, underscored the widespread hardship endured by Nigerian citizens.

President Obasanjo highlighted the disparity between Nigeria’s economic potential and its current reality, emphasizing the need for proactive leadership. He argued that poverty eradication requires a concerted effort focused on education and good governance, citing China’s success in lifting millions out of poverty as a benchmark.

He stressed the pivotal role of leadership characterized by “communality” and integrity in addressing societal challenges. Obasanjo further asserted that prioritizing education is paramount to banishing poverty and fostering a future where Nigeria earns the respect of the international community. His statements serve as a stark reminder of the urgency required to address the root causes of poverty and inequality within the nation.

The Federation Account Allocation Committee (FAAC) disbursed a total of N1.681 trillion in revenue generated during April 2025 to the Federal Government, State Governments, and Local Government Councils. This figure represents an increase of N103 billion compared to the N1.578 trillion shared in March 2025.

The distributable revenue comprised N962.882 billion in statutory revenue, N598.077 billion in Value Added Tax (VAT) revenue, N38.862 billion in Electronic Money Transfer Levy (EMTL) revenue, and N81.407 billion from Exchange Difference. Deductions totaling N1.167 trillion were made for revenue collection costs, statutory transfers, refunds, interventions, and savings from a gross total revenue of N2.848 trillion.

While revenue from Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and CET Levies experienced increases, Companies Income Tax (CIT) revenue witnessed a considerable decline. The April 2025 revenue performance highlights the ongoing volatility in Nigeria’s revenue streams, despite encouraging advancements in non-oil revenue generation.

Former Peoples Democratic Party (PDP) gubernatorial candidate for Lagos State, Abdul-Azeez Adediran, popularly known as Jandor, has publicly declared his intention to support President Bola Tinubu’s potential bid for a second term in 2027.

Speaking at a rally marking his return to the All Progressives Congress (APC) in Ojo, Lagos State, Jandor stated that he would “do everything humanly possible” to ensure Tinubu’s re-election. He cited the President’s “people-oriented reforms” and the recent influx of members into the APC as reasons for his conviction that a second term for Tinubu is attainable.

Jandor specifically lauded the removal of fuel subsidy as evidence of Tinubu’s selfless dedication to the betterment of Nigeria, suggesting that maintaining the status quo would have been a more politically expedient course of action. He emphasized his commitment to working towards Tinubu’s return to office in 2027, believing it essential for the continued repositioning of the country.