Mustapha Kwankwaso was Gwarzo’s choice – Kwankwasiyya’s spokesman Mohammed

The Kwankwasiyya Movement has dismissed claims of nepotism in the emergence of Mustapha Kwankwaso as the deputy governorship candidate in Kano, insisting that his selection followed due process and was solely the decision of the party’s governorship candidate, Aminu Abdussalam Gwarzo.
The spokesperson of the movement, Habeeb Saleh Mohammed, revealed this on Wednesday in an exclusive interview with DAILY POST.

He said the criticisms trailing the nomination, particularly from the All Progressives Congress (APC), were based on misunderstanding and personal opinions.

“First, I will not have wanted to react to the reaction of APC or anybody from APC on issues regarding the choice of the deputy governor here in Kano,” he said.

“Because whoever we choose, they will end up having one or two things to say. That is normal in politics.”

Recall that on Monday, the Nigeria Democratic Congress (NDC) announced Mustapha Kwankwaso, the first son of its vice-presidential candidate, Rabiu Musa Kwankwaso, as the running mate to Gwarzo.

Before his nomination, Mustapha served as Commissioner for Youths and Sports Development in Kano State under Governor Abba Kabir Yusuf.

The development has since caused mixed reactions across political circles and social media, with supporters describing it as a step toward youth inclusion, while critics, including the APC, allege it reflects an attempt by Kwankwaso to rule by proxy.

Providing background to the development, Mohammed revealed that the Nigeria Democratic Congress (NDC) had initially approached Kwankwaso before political alignments were finalised.

According to him, the party leadership met Kwankwaso while trying to establish its presence in Kano and sought his support.

“They met our national leader when they were trying to bring the party to Kano and asked him to join. But at that time, he had already made up his mind to join the ADC.”

He added that when the move to recruit Kwankwaso failed, the party proposed an alternative involving his son.

“They felt, okay, if you will not join, why not allow your son to join us? They even said they were ready to make him governor,” Mohammed said.

Kwankwaso, however, rejected the idea.

“He told them clearly that he is not the kind of person who will be in one party and send his own child to another party for whatever reason.

“He thanked them for the offer and told them to go ahead with their plans, while he moved to ADC.”

Mohammed explained that subsequent political developments, including internal challenges within the ADC, later created an opening for fresh negotiations, which eventually led to collaboration with the NDC and its presidential candidate, Peter Obi.

He maintained that Mustapha’s eventual emergence as deputy governorship candidate followed a structured and grassroots-driven process.

Mohammed rejected the allegations that Mustapha’s emergence was based on family ties.

“For those thinking that Gwarzo chose him out of loyalty, they are entitled to their opinion. No matter what you say, they will not agree. But the best thing is to lay out the process of how he emerged.”

He explained that the selection process began with consultations and nominations at the grassroots level, where aspirants were asked to return to their local governments for screening and endorsement by stakeholders.

“Our national leader made it very clear that tickets are not given at the centre. All aspirants were asked to go back to their local governments, meet stakeholders, and be screened. Those stakeholders were the ones to nominate candidates.”

He cited examples of aspirants who followed the process and secured nominations.

“Some of them accepted the advice and went back to their people. For instance, a candidate from Ajingi returned, engaged stakeholders, and eventually got the nomination. The same thing happened in Dawakin Kudu and other places,” he said.

According to him, aspirants who refused to follow the grassroots process and instead focused on lobbying at the party headquarters did not succeed.

“Some refused to pass through that process and continued to push themselves at the headquarters. At the end of the day, they did not get the nomination,” he added.

Mohammed further revealed that after Gwarzo emerged as the governorship candidate, he was constitutionally empowered to pick his running mate.

“The candidate has the right to choose whoever he wants to work with. But even at that, the choice must still be presented to stakeholders.”

He disclosed that Mustapha was initially presented to the party leadership by stakeholders, but Rabiu Musa Kwankwaso was not immediately in support.

“When Mustapha was first presented, our national leader vehemently refused. It was the candidate himself who took the responsibility of convincing him, explaining that this was his personal choice.”

He added that Gwarzo insisted on Mustapha after consultations and eventually unveiled him to stakeholders.

“It was Gwarzo who did the convincing and made it clear that this is the person he wants to work with. At that point, there was nothing anyone could do but accept,” he said.

Mohammed also said Mustapha’s track record and youth engagement influenced the decision.

“One of the reasons cited by Gwarzo was the need to carry the youth along. Mustapha has served as commissioner for youth, runs his own business, and has programmes aimed at empowering young people.

“He (Gwarzo) believes that while he has the experience and wisdom, working with someone younger will bring fresh ideas and strengthen inclusivity.”

He maintained that the entire process reflected internal democracy and not favoritism.

“This is the true position of how Mustapha emerged. He was nominated through the party process and eventually chosen by the candidate, not imposed by anyone.”

Ekiti guber: INEC reveals number of registered voters, provides update on PVCs

The Independent National Electoral Commission, INEC, has issued an update regarding the collection of Permanent Voters Cards, PVCs, by eligible voters for the upcoming governorship election in Ekiti State.

The update was provided as the Commission announced the completion of the PVC collection process in the State.

A statement from Mohammed Kudu Haruna, the National Commissioner and Chairman of the Information and Voter Education Committee, indicated that after the suspension of the Continuous Voter Registration (CVR) exercise in the State on Thursday, 15th May 2026, and the subsequent cleaning of the voters’ register, the total number of registered voters in the State has increased from 987,647 in 2023 to 1,059,360 in 2026.

Furthermore, it was noted that the number of PVCs collected has grown from 958,052 in 2023, which reflects a collection rate of 97.0 percent, to 1,028,929 in 2026, corresponding to 97.1 percent of registered voters.

INEC also reminded that the PVC collection period, initially set to conclude on 11th June 2026, was extended to 14th June 2026 after discussions with stakeholders during a meeting held in Ado-Ekiti.

“With regards to Section 18(1) of the Electoral Act 2026, which requires the Commission to make available to registered voters replacement PVCs in the event of the loss, damage or defacement of their original PVC, 14,406 applications were received within the stipulated time and all 14,406 replacement PVCs were printed most of which have been collected,” the statement added.

“The option of a downloadable copy of the lost, damaged or defaced Voter Cards could not be implemented in this election because the necessary technology infrastructure for this is yet to be completed. The option would be available to voters in subsequent elections, especially the Osun Governorship election in August 2026 and the 2027 General Election.

“For the Ekiti State Governorship Election, all the PVCs were printed and made available for all eligible applicants, including those who requested a transfer, or applied for the replacement of lost, damaged or defaced cards. A detailed breakdown of PVC collection by Local Government Area (LGA) has been uploaded on the Commission’s website and social media platforms,” it stated.

INEC called on all registered voters who have collected their PVCs to turn out peacefully and exercise their franchise on election day.

2026 World Cup: South Africa paying for xenophobic mobs – Shehu Sani

Former lawmaker, who represented Kaduna Central Senatorial District, Shehu Sani, has said that Bafana Bafana of South Africa are paying the price of their xenophobic mobs in the ongoing FIFA World Cup.

Sani made this remark in a post on his verified X handle on Thursday.

He was reacting to South Africa’s loss in the opening of the tournament.

Recall that the South Africa side suffered a  2-0 defeat to co-hosts Mexico in the opening match at the Mexico City Stadium.

Similarly, South Africa attacking midfielder Themba Zwane has been suspended for three matches for his red card against Mexico, subject to appeal, by the FIFA Disciplinary Committee.

Reacting to the development, the former lawmaker said, “Bafana are paying the price for the behaviour of the Xenophobic mobs in their country.”

Seyi Bakare: Of sore losers and illusion of Ijebu-Remo State

Like the corrupt and perennially lazy workman blaming his tools, the camp of the drowning Ogun East senator, Gbenga Daniel, has not ceased bellyaching over their principal’s failed 2027 re-election bid. The latest excuse—that Governor Dapo Abiodun is behind the failure of Daniel’s state creation gambit—is an afterthought cooked up to pacify bruised political egos.

In a treatise titled “Governor Dapo Abiodun and the Stalled Dream of Ijebu-Remo State,” with the rider “Senate Triumph Sabotaged in the House,” Victor Ojelabi, publisher of the blog Freelanews, piles up allegations against the Ogun State governor, accusing him of truncating the state creation initiative by allegedly influencing Ogun APC lawmakers in the House of Representatives.

Seeking to avoid the burden of proving his claims, Ojelabi repeatedly deploys words such as “allegedly” and “reportedly” while presenting speculation as fact. According to him, “Governor Dapo Abiodun stands accused of single-handedly sabotaging the creation of Ijebu-Remo State, a move that could have transformed the region into a booming economic powerhouse.” He further claims, without presenting any verifiable evidence, that Senator Daniel had “reportedly secured a staggering 75 signatures from distinguished senators, pushing the Ijebu-Remo State Creation Bill with determination and strategic brilliance.” Yet, he fails to explain how such an allegedly persuasive legislator could not secure corresponding support in the House of Representatives.

Even if one agrees, for the sake of argument, that 75 signatures constitute a significant political endorsement, it still stretches logic beyond reasonable limits to suggest that a proposal capable of attracting such support in one chamber would inexplicably fail to secure meaningful traction in the other solely because of Governor Abiodun. Rather than casting the governor in a bad light, this narrative raises questions about the seriousness and preparedness of those who now claim to be the sole proponents of the proposal.

A serious advocate of state creation would ordinarily prioritise painstaking consultations and broad-based support across both chambers of the National Assembly. Failing to secure such support while blaming others for the outcome reveals a troubling lack of political homework.

Losers will always search for excuses, and it cannot be plainer that these characters have struggled to come to terms with the loss of a senatorial ticket they apparently considered their birthright. They have accused virtually everyone of conspiracy, including President Bola Tinubu—the same political leader on whose behalf they once floated a “BAT-OGD” movement—alleging collusion with Governor Abiodun to edge their principal out of the 2027 race.

In their eagerness to shift blame, they conveniently forget that agitation for state creation predates the current controversy by decades. Since the return to democratic rule in 1999, no new state has been created in Nigeria. Even attempts to create additional local government councils have often resulted in prolonged constitutional and political disputes. Nigerians need only recall the challenges encountered during efforts to create additional local governments in Lagos State in the early years of the Fourth Republic.

The reason is simple: the Nigerian Constitution deliberately makes state creation one of the most difficult political exercises imaginable. It is designed that way because creating a state is not merely a matter of drawing a new boundary on a map; it is a fundamental restructuring of the federation. Section 8 of the Constitution imposes a maze of requirements involving elected representatives from affected areas, local government councils, State Houses of Assembly, the National Assembly, and the electorate itself through a referendum. Every stage presents a hurdle capable of terminating the process.

Indeed, the Constitution practically requires a national consensus before any new state can emerge. The proposal must survive multiple veto points, any one of which can kill it. That is why state creation remains one of the rarest constitutional exercises in the federation. It is easier to campaign for a new state than to create one.

Beyond the constitutional requirements lie even more daunting political realities. Every new state changes the distribution of federal revenue, legislative representation, ministerial appointments, and access to federal institutions. Inevitably, every proposal produces winners and losers. Those who stand to lose influence or resources naturally oppose it.

Approving one new state would also open the floodgates to dozens of similar demands across the federation. This is precisely why state creation has remained largely theoretical since 1999. In recent constitution review exercises, agitators demanded dozens of new states from different regions. If one is granted today, proponents of all the others would insist on equal treatment tomorrow. In Oyo State, there are agitations for Ibadan State and New Oyo State. In Lagos, there are demands for Lagoon State. Similar agitations exist across the federation. The question then becomes: if every region wants its own state, where does it end?

There is also the inconvenient economic reality that many of the existing 36 states struggle to survive without monthly federal allocations. Most generate insufficient internal revenue to sustain themselves. Creating more states means more governors, more commissioners, more assemblies, more bureaucracies, and more recurrent expenditure. At a time when the national conversation is about economic efficiency and reducing the cost of governance, many policymakers view additional states as a financial burden rather than a solution.

There is also the question of timing. At a period when many Nigerians are questioning the sustainability of the existing federal structure and calling for stronger economic viability among states, the creation of additional administrative units is bound to attract intense scrutiny. Any serious advocate of state creation must first answer the question of viability before seeking constitutional approval.

State creation also raises contentious issues relating to boundaries, ownership of resources, traditional institutions, and ethnic identity. Communities that appear united in agitation often become divided when questions arise about the location of a capital city, the sharing of assets, or political dominance within the proposed state. History has shown that such disagreements can derail even the most enthusiastic campaigns.

Against this backdrop, the attempt to blame Governor Abiodun for the failure of the Ijebu State creation proposal is not merely dishonest; it is absurd. If presidents, elder statesmen, constitutional conferences, influential regional blocs, and determined agitators have failed to create a state in nearly three decades, how exactly was Senator Daniel expecting to achieve this constitutional miracle? More importantly, why did a man who allegedly conquered the Senate fail to secure corresponding support in the House of Representatives?

The more plausible explanation is that the state creation campaign was never conceived as a serious constitutional project. It was a political slogan designed to generate excitement and sympathy ahead of the APC primary cycle. It was intended to create the illusion of a historic mission rather than deliver a constitutionally attainable objective.

The timing of the agitation raises legitimate questions. Aspirations for statehood are usually long-term, multi-generational projects pursued consistently across political cycles. They are not typically activated only when an incumbent office-holder faces a difficult re-election contest. That coincidence alone invites scrutiny.

If sincere agitators for new states have not succeeded since 1999, how could a senator who appeared to be using the state creation gambit to bolster his re-election prospects succeed? In the Senate, Gbenga Daniel is not among the most influential voices. He is not among the senators whose interventions regularly shape national discourse. By contrast, on virtually any issue in the polity, Nigerians know where senators such as Adams Oshiomhole and Ali Ndume stand because their views are frequently heard. When last did the Nigerian public hear Senator Daniel take a defining position on a major national issue?

The man has been busy fighting his state government instead of giving the people of Ogun East quality representation. To reduce the failure of Ijebu State creation to Governor Abiodun’s alleged lack of support is to ignore the possibility that the project itself lacked the broad political and constitutional backing necessary for success.

Besides, how logical is it for a sitting governor to preside over the dissolution of the very state he was elected to govern? And if Daniel were truly sincere about this cause, why did he not vigorously champion it throughout his eight years as governor? Why did the agitation suddenly become urgent when his political future became uncertain? Does it mean that Ijebu State can only be created if it aligns with Daniel’s personal ambition?

Perhaps the greatest irony is that a politician whose political positioning has frequently evolved with prevailing circumstances now seeks to present himself as the unquestioned custodian of a movement rooted in history, identity, and collective heritage. Questions of identity are sensitive matters, and those whose political trajectory has frequently invited debate should exercise caution before appropriating a people’s aspiration as a personal political project.

While the people of Ijebu and Remo have every democratic right to agitate for a new state, such agitation cannot be tied to the political survival of any single individual. Besides, Ojelabi shot himself in the foot by claiming that his principal is agitating for a so-called Ijebu-Remo State when the agitation has historically been about Ijebu State. If you are going to defend Ijebu State, do so without opportunistically redefining it. The sudden attempt to rebrand the agitation only raises further questions about sincerity, clarity of purpose, and motive.

The truth remains stubborn. The Constitution—not Governor Abiodun—is the greatest obstacle to state creation in Nigeria. The sooner Daniel and his sympathisers come to terms with that reality, the sooner they can stop manufacturing conspiracies to explain what was, from the outset, a politically convenient but constitutionally improbable project. State creation is not achieved through press statements, sponsored articles, or election-season sloganeering. It requires consensus, credibility, and constitutional compliance—three commodities that appear to have been in short supply throughout this ill-fated adventure.

Bakare leads a youth advocacy group in Abeokuta, Ogun State.

Lagos CP visits Pan-Atlantic University over viral security video

The Commissioner of Police in Lagos State, CP Olohundare Jimoh, on Wednesday, carried out an on-the-spot security inspection at Pan-Atlantic University in Lekki following the circulation of a viral video showing two masked individuals emerging from a forested area near the institution.

The visit, which was conducted alongside operational officers of the Lagos State Police Command, formed part of efforts to assess the security situation around the university and reassure students, staff and parents of ongoing safety measures.

During the inspection, the police commissioner met with the management of the institution and emphasised the need to strengthen security arrangements within and around the campus to prevent possible threats.

Jimoh advised the university authorities on practical strategies to improve security while warning against actions that could compromise existing safety structures.

According to a statement issued by the Lagos State Police Command, the commissioner stressed the importance of proactive security measures, particularly in the areas of perimeter surveillance, access control and cooperation with relevant security agencies.

As part of efforts to enhance security operations around the institution and neighbouring communities, the Lagos State Security Trust Fund has deployed surveillance drones to support law enforcement activities in the area.

The police said the drone deployment, facilitated by the Lagos State Government, is expected to improve aerial monitoring, intelligence gathering and crime prevention efforts within the Lekki axis.

Speaking during the visit, Jimoh reaffirmed the command’s commitment to safeguarding lives and property across the state.

He assured the management, students, staff and parents of Pan-Atlantic University of the police’s readiness to respond promptly to security concerns and maintain a safe environment for academic and lawful activities.

The commissioner also urged the institution to sustain close collaboration with security agencies and remain vigilant against emerging security threats.

“The Command remains committed to the protection of lives and property across Lagos State,” he stated, while encouraging members of the university community to promptly report suspicious activities to security agencies.

The Lagos State Police Command further reiterated its commitment to maintaining public safety and security across the state and urged residents to remain alert and provide timely information to law enforcement authorities.

Residents were also encouraged to make use of the command’s emergency lines to report suspicious movements and security-related incidents.

NUJ, IPC secure police apology over Osun journalist’s arrest

Osun State Council of the Nigeria Union of Journalists, NUJ, and the International Press Centre, IPC, have secured an apology from the Osun State Police Command following the arrest and detention of the union’s secretary, Olalekan Akindoju.

The apology was conveyed by the Police Public Relations Officer, DSP Abiodun Ojelabi, during a live programme on Rave 91.7FM, where he spoke on behalf of the Commissioner of Police, Mr Ibrahim Gotan.

DSP Ojelabi said the police command regretted the incident and had commenced an investigation into the conduct of the operatives involved in the operation.

He extended the apology to Mr Akindoju, the Osun NUJ, Rave 91.7FM/WSTV and journalists across the state.

“We apologise to Mr Akindoju, the NUJ, Rave 91.7FM/WSTV and the entire journalism profession over the unlawful detention. The officers involved were already being investigated,” Ojelabi stated.

The apology followed widespread reactions to the arrest of Akindoju, who is also the Head of News and Current Affairs at Rave 91.7FM/WSTV.

He was arrested at his residence in Osogbo in the early hours of June 11 by armed police operatives.

Narrating the incident, Akindoju said he was asleep when he heard unusual movements around his residence at about 6 a.m.

According to him, some individuals had jumped over the fence into his compound before identifying themselves as policemen.

He said the officers ignored his explanation that he was a journalist and disregarded his official identity card before arresting him.

“I identified myself as a journalist and presented my identity card, but I was still arrested,” he recalled.

Akindoju added that his phone and identity card were confiscated before he was handcuffed and taken to the Osun State Police Command Headquarters in Osogbo, where he remained in custody for several hours.

He was eventually released after interventions by colleagues, the NUJ and other concerned stakeholders.

The police later explained that the arrest resulted from a case of mistaken identity during an operation targeting suspected criminals in the area.

The incident drew criticism from media organisations, civil society groups and advocates of press freedom, with many describing the detention as a violation of journalists’ rights and professional freedom.

Reacting to the development, the Osun NUJ described the arrest as unacceptable and demanded a public apology from the Nigeria Police Force to Akindoju, his family, Rave 91.7FM/WSTV and the journalism profession for what it termed the embarrassment and reputational damage caused by the incident.

Similarly, the IPC, through its Safety and Protection of Journalists Hub, condemned the detention and called for measures to protect journalists from harassment, intimidation and unlawful arrests, while urging the police authorities to ensure accountability for officers involved in the operation.

Crude output rises as NUPRC targets 1.9mbpd

Crude output rises as NUPRC targets 1.9mbpdNigeria’s crude oil production could rise to 1.9 million barrels per day in the near term following recent improvements in output, the Nigerian Upstream Petroleum Regulatory Commission has said.

The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed this on Wednesday during a meeting with the Chairman of the Nigeria Revenue Service, Zacch Adedeji, at the NRS headquarters in Abuja.

This was contained in a statement issued by the Head of Media and Corporate Communications of the NUPRC, Eniola Akinkuotu, on Wednesday.

Eyesan said the country’s oil industry had continued to record production growth, noting that crude output reached a peak of 1.86 million barrels per day in May, placing the industry on a stronger recovery path.

The meeting also focused on strengthening collaboration between the two agencies to promote transparency, accountability and efficiency in the collection of oil and gas revenues.

The statement read, “The Nigerian Upstream Petroleum Regulatory Commission and Nigeria Revenue Service have deepened their collaboration to promote transparency and accountability in the collection of oil and gas revenue.

“This was the resolution after a meeting between the Commission Chief Executive of NUPRC, Mrs Oritsemeyiwa Eyesan, and the Chairman of the NRS, Dr Zacch Adedeji, at the NRS headquarters in Abuja on Wednesday, June 17, 2026.”

Speaking during the engagement, Eyesan commended the leadership of the Nigeria Revenue Service for reforms that culminated in the enactment of the NRS Act and described the transition of revenue collection responsibilities as smooth.

Eyesan said the process had been seamless. The CCE also highlighted the Commission’s efforts in creating an enabling environment for operators in the oil and gas industry.

“We are here to enable them, enable their businesses, ensure that they survive and succeed. And we want to grow the pie because when you grow the pie, everybody benefits,” she said.

Eyesan disclosed that recent gains in crude production demonstrate that industry reforms and collaborative efforts by stakeholders are beginning to yield positive results.

She further revealed that Nigeria has the potential to produce 1.9 million barrels per day, having hit a peak production of 1.86 million barrels per day in May.

“We are back to production. We are ramping up now, and we want to continue working. We still recognise the constraints. Infrastructure and asset integrity are major constraints, but we will work on these. Even human capacity in the industry—we see that because we want to grow, we must also grow that capacity to meet the demands,” Eyesan said.

The CCE also disclosed that one of the key targets upon assuming office was the digitisation of NUPRC’s operations, a goal she said has largely been achieved.

In his response, the NRS chairman praised the Commission for its dynamism, professionalism and transparency. He pledged continued collaboration with the Commission, particularly on matters related to the transfer of revenue-collection functions under the new Act.

Adedeji said, “It is in the interest of Nigeria that we work together to grow revenue for the country in transparency for the good of Nigerians. So, there is no way we would do something to jeopardise the progress or sustainability of another agency.

“I collect revenue. I don’t generate revenue. Wherever revenue is, I work on it and keep an account for you. So, I’m helping you to collect your royalties.”

He promised that the NRS would continue to support the Commission in achieving its shared objective of increasing government revenues in a fair, transparent and sustainable manner.

The meeting comes amid ongoing implementation of Executive Order 9 and the provisions of the Nigeria Revenue Service Act, which expanded the role of the NRS in the assessment, collection and accounting of federally collectable revenues.

Under the new framework, the NRS is responsible for collecting revenues on behalf of the Federal Government, including royalties and other petroleum-related revenues generated by regulatory agencies such as the NUPRC.

The transition has required closer collaboration between revenue-generating agencies and the NRS to ensure seamless remittance, accountability and transparency in government earnings from the oil and gas sector.

Nigeria’s oil industry has faced persistent challenges in recent years, including crude theft, pipeline vandalism, ageing infrastructure and underinvestment, all of which have constrained production levels and reduced government earnings.

However, recent improvements in security around key oil assets, renewed investment commitments and regulatory reforms have contributed to a gradual recovery in production, raising expectations that the country may move closer to its long-standing target of producing around two million barrels of crude oil per day.

States, FG, LGs share N2.3tn FAAC revenue

States, FG, LGs share N2.3tn FAAC revenueThe Federation Account Allocation Committee shared N2.3tn among the Federal Government, states and local government councils from May 2026 revenue, representing an increase of N43bn from the N2.26tn distributed in the previous month.

The latest allocation marks a 1.9 per cent month-on-month increase and continues the upward trend in federation revenues. The N2.257tn shared from April 2026 revenue had itself exceeded the N2.04tn distributed for March revenue by N217bn, while the March allocation was N150bn higher than the N1.89tn shared in February.

The figures were contained in a statement on Wednesday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, following the June 2026 Federation Account Allocation Committee meeting held in Abuja.

According to the statement, “A total sum of N2.300tn, being May 2026 Federation Account Revenue, has been shared to the Federal Government, states and the local government councils.”

The statement said the N2.3tn distributable revenue comprised N1.611tn in statutory revenue and N688.785bn in Value Added Tax revenue.

A communiqué issued after the meeting showed that total gross revenue available in May stood at N3.395tn. From this amount, N123.546bn was deducted as the cost of collection, while N971.610bn was set aside for transfers and refunds.

The committee reported continued growth in statutory revenue collections during the month. According to the communiqué, gross statutory revenue rose to N2.651tn in May from N2.378tn in April, representing an increase of N273.623bn.

However, VAT collections declined during the period. Gross VAT revenue fell to N743.668bn in May from N806.617bn recorded in April, a decrease of N62.949bn. Despite the drop in VAT receipts, stronger inflows from oil-related taxes and other revenue sources helped lift the total distributable revenue.

The communiqué stated, “In May 2026, Companies Income Tax, CGT, SDT, Petroleum Profit Tax, Hydrocarbon Tax, Oil and Gas Royalty increased significantly, while Import Duty, Value Added Tax, Excise Duty and CET Levies decreased considerably.”

A breakdown of the N2.300tn distributable revenue showed that the Federal Government received N818.680bn, while state governments received N759.141bn.

The 774 local government councils received N534.277bn, while oil-producing states shared N188.132bn as 13 per cent derivation revenue.

From the N1.611tn statutory revenue, the Federal Government received N749.801bn, states received N380.309bn, while local governments got N293.202bn. The oil-producing states also received N188.132bn as derivation revenue from the statutory component.

The distributable VAT revenue of N688.785bn was shared with the Federal Government receiving N68.879bn, state governments receiving N378.832bn, and local government councils receiving N241.075bn.

The latest allocation shows the resilience of federation revenues amid mixed performance across major revenue streams.

While VAT receipts, import duties and excise duties weakened during the month, higher collections from Companies Income Tax, Petroleum Profit Tax, Hydrocarbon Tax and oil and gas royalties helped offset the decline and pushed statutory revenue to a new high.

Dangote refinery cuts diesel, jet fuel prices

Dangote refinery cuts diesel, jet fuel pricesThe Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel).

According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by N100, from N1,700 per litre to N1,600 per litre, representing a reduction of 5.9 per cent. Jet fuel prices were also lowered by N100, from N1,550 per litre to N1,450 per litre.

This comes hours after the refinery announced a N75 drop in the petrol gantry price from N1,250 to N1,175 per litre.

The reduction was linked to the drop in crude prices following the de-escalation of the Middle East crisis

It was gathered that private depot operators have started lowering prices to compete with the Dangote refinery.

According to Petroleumprice.ng, Rainoil has adjusted the jet fuel price from N1,553 per litre to N1,550 per litre on Monday. Similarly, diesel’s closing price across Lagos depots on Tuesday at African Terminal, Sahara, Ibeto and Duport was an average of N1,660 per litre.

Oil prices sustained their downward trend on Tuesday, falling below $80 per barrel for the first time in about three months.

From $83 per barrel on Monday, Brent crude, the global benchmark, fell to $78 on Tuesday, according to data from Oilprice.com.

The price of Brent is now well below the peak it hit during the war, which was about $120 a barrel. Before 28 February, when the war started, the Brent price was below $70. During the crisis, it traded at about $120 per barrel, leading to a sharp increase in fuel prices globally.

It is expected that this trend will now reverse following the latest developments between the US and Iran.

Speaking during an interview, Chinedu Ukadike of IPMAN noted that fuel prices may keep falling should the US-Iran tensions be fully resolved.

According to Ukadike, marketers have not yet reduced pump prices because many still hold old stock, and he urged Nigerians to exercise patience. He said consumers often expect immediate price adjustments, noting that such moves would result in losses for marketers still holding expensive inventory.

“This announcement is enabling people who have old stocks to clear out their stocks, not only clearing out their stocks but also enabling them to prepare to take the fresh stocks,” he said.

Ukadike added that loading activities usually slow down whenever the Dangote refinery announces new prices, allowing marketers time to clear old stock.

“Once the Dangote refinery announces a new price, there is a serious pause in loading. And it will enable people who just bought new products to see how they can clear the old stocks within the window of a day or two. Then when the new stocks start coming into the market, the process of supply and price will set in. Definitely, by tomorrow and Friday, people will start adjusting to the new price,” he said.

However, the spokesman of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, expressed concern that imported petroleum products appear cheaper than locally refined fuel, calling on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to issue more licences for fuel imports.

Like Obele, Nigerians on social media have complained that the reductions do not reflect the recent decline in crude oil prices.

Oil exports drive Nigeria’s current account surplus to $4.98bn

Oil exports drive Nigeria’s current account surplus to $4.98bnNigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher crude oil, gas and refined petroleum exports, as well as a steep decline in petroleum product imports, according to the latest Balance of Payments report released by the Central Bank of Nigeria on Wednesday.

The apex bank, in its Q1 2026 Balance of Payments Highlights, stated that “provisional balance of payments statistics for Q1 2026 show a current account surplus of $4.98bn, which was higher than the $1.40bn and $3.41bn recorded in the preceding quarter (Q4 2025) and corresponding period (Q1 2025), respectively.”

The report showed that the current account surplus expanded by 255.71 per cent from the $1.40bn recorded in the fourth quarter of 2025 and was 46.04 per cent higher than the $3.41bn surplus posted in the corresponding period of 2025.

According to the CBN, the improvement was supported by increased earnings from crude oil exports, gas exports and refined petroleum product exports, alongside a significant reduction in refined petroleum product imports and lower net out-payments on the primary income account.

The report noted that crude oil export earnings rose to $8.11bn in Q1 2026 from $6.77bn in Q4 2025, while gas exports increased to $2.53bn from $2.24bn. Refined petroleum product exports also climbed to $2.37bn from $1.97bn during the period. At the same time, refined petroleum product imports plunged by 87.5 per cent to $0.31bn from $2.48bn in the preceding quarter.

A breakdown of the external sector data showed that the goods account, which is the largest component of the current account, recorded a surplus of $5.95bn in Q1 2026, compared with $1.77bn in Q4 2025 and $3.35bn in Q1 2025.

The CBN said, “The goods account (a major sub-account in the current account) recorded a significantly higher surplus of $5.95bn in Q1 2026, as against $1.77bn and $3.35bn recorded in the preceding quarter and corresponding period of 2025.”

The stronger goods account position was underpinned by a rise in total exports to $15.49bn from $13.36bn in the previous quarter, largely due to higher crude oil and gas exports. Meanwhile, total imports fell to $9.54bn from $11.59bn, reflecting lower imports of refined petroleum products and non-oil goods.

Crude oil exports increased by 19.79 per cent quarter-on-quarter to $8.11bn, while gas exports rose by 12.95 per cent to $2.53bn. Refined petroleum product exports jumped by 20.3 per cent to $2.37bn. Non-oil exports also improved marginally by 4.62 per cent to $2.49bn.

On the import side, non-oil imports declined by 10.49 per cent to $7.85bn, while refined petroleum product imports dropped sharply to $0.31bn from $2.48bn. However, crude oil imports rose to $1.39bn from $0.34bn recorded in Q4 2025.

The report also showed mixed performances across other current account components. Net out-payments on services increased to $3.71bn from $3.32bn, driven largely by higher net debits in travel and other business services.

“The increase in net out-payments for services was largely due to increases in net debits in travel and other business services,” the bank stated.

The primary income deficit narrowed to $2.83bn from $3.27bn in the preceding quarter, reflecting lower dividend and interest payments to foreign investors. According to the report, “This was largely attributable to a decrease in out-payments (dividend and interest) to non-residents’ investments, mostly to direct investors.”

The secondary income account surplus, which largely captures remittance inflows, declined to $5.57bn from $6.21bn. Personal transfers from Nigerians in the diaspora fell to $5.30bn from $5.72bn in Q4 2025.

Despite the stronger current account position, the financial account remained in a net borrowing position. The report showed that net borrowing increased to $2.51bn in Q1 2026 from $1.96bn in the previous quarter.

Portfolio investment inflows strengthened during the period, rising to $6.03bn from $5.27bn in Q4 2025, while direct investment inflows moderated slightly to $1.03bn from $1.11bn. Nigerian investments abroad recorded outflows of $0.20bn under direct investment assets and $0.26bn under portfolio assets.

The CBN attributed developments in the financial account to increased portfolio investment inflows, a marginal decline in direct investment inflows, accretion to external reserves, and increased acquisition of portfolio investment assets abroad by residents.

Further analysis of the balance of payments data showed that Nigeria recorded an overall balance of payments surplus of $2.38bn in Q1 2026, lower than the $2.67bn surplus achieved in Q4 2025. The stock of external reserves, however, rose significantly to $48.35bn at the end of March 2026 from $45.75bn at the end of December 2025.

The report also highlighted a deterioration in net errors and omissions, which widened to negative $7.49bn in Q1 2026 from negative $3.36bn in the preceding quarter.

The latest figures indicate that improvements in oil production, rising petroleum exports and reduced dependence on imported fuel continued to strengthen Nigeria’s external position during the first quarter, helping to offset weaker remittance inflows and higher service-related outflows.