OIL WINDFALL MUST NOT BE DEPLOYED FOR SECOND- TERM PRESIDENTIAL CAMPAIGN!

   ZION B-BC

 NEWSLETTER.   

 

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria.  {Vol. 15. NO 654: 3rd May, 2026} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

OIL WINDFALL MUST NOT BE DEPLOYED FOR SECOND- TERM PRESIDENTIAL CAMPAIGN!

The substantive Minister of Petroleum Resources and Commander-In-Chief of the Nigeria’s Treasury Single Account ( TSA), is abroad on official duties which may NOT INVOLVE MORE EXTERNAL BORROWINGS due to the NGN 5.13 Trillion Naira Oil Windfall which accrued to Nigeria when One barrel sold for over USD$100 dollarsl at the peak of the US-IRAN War  which broke out since 28th February 2026!

He traveled with his newly-appointed Minister of Finance Taiwo Oyedele who was in the  ROOM when he met with Foreign Direct Investors (FDIs), who gave him special audience in Paris, France during the first leg of the visit that began early May and would last till 15th day of the same month.

Taiwo Oyedele became the Minister of Finance and Coordinating Minister of the Economy in Nigeria following a cabinet reshuffle, succeeding Mr. Wale Edun, and assumed office on 23rd April 2026.

 Before his appointment, he was the Chairman of the Presidential Committee on Fiscal Policy and Tax Reform. He is an economist, accountant, and fiscal policy expert who previously served briefly as the Minister of State for Finance. .

While initial reports indicated that  EDUN’ was sacked on the 21st May, 2026,  the Presidency later clarified that he resigned due to health reasons on his 70th birthday.

WALE EDUN’S NEVER TO BE FORGOTTEN DAVOS EXPERIENCE!

Davos, Switzerland’s World Economic Forum (WEF), 19th -23rd January 2026, will remain a terrible life-long nightmare to Wale Edun, the sacked Minister of Finance who refused to quit when the ovation was loudest!

Before Davos, he was in London for an official assignment which he could not fulfill due to ill health but through diplomatic cover-up was said to be on holiday!

Then came another dangling “Carrot” – (perk of office), through Davos which could neither be wished away nor deputized!

But there was a very stubborn female Bloomberg TV Correspondent who caught him by the jugular with barrage of questions on Nigeria’s Economy which burst his bubbles! 

For instance, the analogue Minister opined that global shift towards “Multilateralism and Globalization” would impact Nigeria negatively whereas the country stands to benefit immensely through the economic innovation! (Ref. Our Vol. 15. No. 639 of 18th January 2026 Edition for details).

Edun knew he was no longer relevant in modern international finance strategy but selfishly embarrassed Nigeria at the forum - whereas there were several very capable and qualified idling hands in the Finance Ministry!

TINUBU WILL REMAIN ABROAD UNTIL THE MIDDLE OF MAY 2026!

President Bola Tinubu departed Abuja on Saturday, 2nd May, 2026 on a visit to Kenya, Rwanda and France.

He was still in France, as at the time of this publication on 10th May 2026, after which he will depart for Nairobi, Kenya, to attend the Africa-France Summit scheduled to begin in the new week.

President Emmanuel Macron and President William Ruto, will co-chair the summit which will focus on energy transition, green industrialization, digital transformation, restructuring of global financing architecture, and climate action.

President Tinubu’s participation at the Kenyan Summit with the theme: Africa Forward: Africa -France Partnerships for Innovation and Growth from 11 May to 12 May will underscore Nigeria’s unwavering commitment to strengthening strategic partnerships with African nations and the French Republic, according to his spokesperson, Bayo Onanuga.

At the end of the Kenyan summit, President Tinubu will depart for Kigali, Rwanda, to attend the annual Africa CEO Forum, taking place between 14th and 15th May.

With the theme “Scale or Fail”, this year’s Africa CEO Forum will be the largest gathering of African private sector leaders, investors, and policymakers, focusing on accelerating economic transformation through shared scale, regional integration, and increased cross-border investment.

Held in partnership with the International Finance Corporation (IFC), the summit brings together over 2,000 top executives and national leaders to debate strategies for building resilient, competitive industries

At the two summits, President Tinubu will deliver statements highlighting his administration’s ongoing reforms to reposition the nation as a prime investment and growth destination.

President Tinubu will be accompanied on the trip by some of his ministers and senior aides. He will return to Nigeria at the end of the Rwanda summit according to Bayo Onanuga, Special Adviser to the President (Information & Strategy)

NB. This would be the UMPTEENTH overseas tour of Tinubu across the World and there are no INFRASTRUCTURES ON GROUND TO INDUSTRIALIZE HUMAN CAPACITY DEVELOPMENT AND PROVIDE ADEQUATE SECURITY TO ATTRACT ALL FOREIGN DIRECT INVESTORS (FDIs), OF ABOUT 50 JAMBOREES IN 36 MONTHS OF HIS LACK -LUSTER ADMINISTRATION!

OIL WINDFALL WITHIN TWO MONTHS!

Nigeria is experiencing an estimated ₦5.13 trillion oil revenue windfall over two months due to skyrocketing global crude prices surpassing $100 per barrel (pb), driven by the US-Iran conflict since 28th February 2026.

 This surge exceeds the 2026 budget benchmark of USD$64.85, dollars offering substantial fiscal relief to the Federal Government, though it coincides with increased domestic fuel prices and economic hardship.

The war disrupted supply routes, driving up Brent and Nigerian Bonny Light prices (reportedly over USD$130 dollars at times).

Estimates suggest roughly ₦5.13 trillion in excess revenue within March and April 2026, driven by prices frequently exceeding USD $100+ per barrel in comparison to the 2026 budget benchmarked at USD$64.85 dollars (mbpb), a differential gain of about USD$ 25 dollars per barrel .

Currently, TWO Padded Budgets – 2025 & 2026 , are still in the works together since the President extended the life of the former till the month of June 2026!

At this rate, WE suggest the professional expertise of Forensic Auditors be sought to decipher the jigsaw puzzle FOUR TINUBU BUDGETS – 2023-2026 – NONE OF WHICH IS FULLY IMPLEMENTED!

Despite the high Crude Oil prices, Nigeria’s actual production averaged 1.48 million barrels per day (mbpd) in Q1 2026, below the 1.84 mbpd budget target, which may lower the final windfall amount by roughly 20% IF THIS STATEMENT IS FROM AUTHENTIC SOURCES!

From inception until Tomorrow, NNPC which is the Arrowhead Agency of the Ministry of Petroleum Resources, REMAINS A CITADEL OF MASSIVE CORRUPTION!

 WHAT IS THE ECONOMIC IMPACT OF THIS WINDFALL ON NIGERIANS?

To the Government, there’s fiscal relief to FUEL SUBSIDY REMOVAL but Tinubu told his France audience that he had No plan to re-introduce it! However some analysts suggest it could be utilized to Service accumulated DEBTS to boost Reserves?

However, existing rising costs of goods and services had not subsisted! Domestic fuel prices increased transportation costs, with petrol prices reported around ₦1,300 – N2, 000 per liter during the Windfall!

 Experts suggest that due to lower production compared to targets and reliance on fuel imports, the windfall may not translate to immediate improvements for the average citizen, who still faces high inflation!

Windfall Breakdown: March contributed ~₦1.19 trillion, and April added ~₦3.94 trillion to the windfall.

 Some forecasts, such as those from BMI, suggest an additional ₦6.8 trillion in oil revenue could be realized for the full year 2026.

Although the windfall is helping to stabilize the naira and fill fiscal gaps but has also led to higher domestic fuel costs.

The 2026 budget, which is set at ₦68.32 trillion, is now benefiting from this price increase despite earlier concerns about lower production volumes.

BIM, a subsidiary to Fitch Solutions has also predicted that Nigeria could still earn an additional N6.8 trillion naira in 2026, totaling N11. 21Trillion naira subject to domestic reforms and improved macro economic stability despite lingering inflationary pressures.

THE IS THE PREPARATORY YEAR TO JANUARY 2027 PRESIDENTIAL ELECTION! 

All hands must be on deck by PATRIOTS to monitor and stop those desperados from further stealing from the Patrimony.

Presidential System is too expensive for every developing nation. We must NOT relent in OUR collective DEMAND FOR A ONE-HOUSE PARLIAMENTARY SYSTEM OF GOVERNMENT THROUGH REFERENDUM!

“There shall be no RETREAT, no SURRENDER!”

[EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to:  facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in  The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace, The Wedding Mascot Died, and Comfort the weeping Gaza Child!

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray  this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.