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Economic Crisis: Adeleke Disburses Over N500m Social Safety Funds

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Osun Agog As Ademola Adeleke Takes Over As Governor

Osun State Governor, Senator Ademola Adeleke has disbursed a total sum of N588,105,000.00 to 19,720 beneficiaries of Imole Osun Cash Grant Scheme.

This was contained in a government statement issued in Osogbo on Thursday.

According to the statement “An additional Sixty Thousand identified poor segment of the population are to receive ATMs of their bank accounts to facilitate their access to such grants.”

Biztellers reports that Gov Adeleke was on the occasion represented by the Head of Service, Mr Ayanleye Aina.

He explained that “In continuation of his administration’s efforts to cushion the effects of the hard time, Governor Adeleke said the beneficiaries are mined from the State Social Register for Poor and Vulnerable Households domiciled in the State Operation Coordinating Unit, National Social Safety Net Project in the Ministry of Economic Planning, Budget and Development.”

It was Gov Adeleke also reviewed the many programmes of his administration to attend to the needs of the poor, the weak and the under-privileged.

He said the administration had invested heavily in the social protection sector, developing and implementing several high-level social security strategies to reduce the poverty, unemployment and low productivity space among others.

“During our electioneering campaign, we promise that we shall not abandon them. We assure that we shall institutionalize an all-inclusive and well-coordinated Social protection Policy that will provide a life support system for the poor and vulnerable. This support system shall aim to reduce the income gap between the haves and the haves-not in our dear state.

“In pursuance of that promise, the State Government of Osun under my watch, in collaboration with the Federal Government of Nigeria, through the State Operation Coordinating Unit (SOCU), National Social Safety Net Project, supervised by the Ministry of Economic Planning, Budget and Development today launched this disbursement to the poor of the poor in the state.

“Each beneficiary was supported with a sum of between Twenty-Five (25,000.00) and Thirty Thousand Naira (N30,000.00) only. Among the 19,720 beneficiaries, 10,390 of them with existing bank accounts have had access to withdraw and utilize their money,” Gov Adeleke said.

NEWS

FG To Launch Forensic Audit Of NNPCL Amid Economic Reforms, Says Edun

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The Federal Government of Nigeria is set to launch a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL), in a major move aimed at enhancing transparency and accountability in the oil and gas sector.

This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the ongoing Nigerian Investor Forum, held on the sidelines of the IMF/World Bank Spring Meetings in Washington DC.

READ ALSO: Loans Necessary For Budget Despite High Revenue Collections – Wale Edun

Edun explained that the upcoming audit, along with recent changes in NNPCL management, is part of a broader effort to reform the state-owned oil company and rebuild trust in Nigeria’s economic institutions.

Addressing top global investors, including representatives from financial giant J.P. Morgan, Edun outlined a series of bold economic reforms introduced by the administration of President Bola Tinubu.

He said the measures are already yielding positive results and have laid a strong foundation for future growth.

“Our goal is not just to maintain this momentum, but to accelerate it,” Edun said. “We are targeting seven per cent annual growth, and we believe the policies we have implemented have laid the groundwork to achieve this.”

According to Edun, Nigeria’s economy grew by 3.84% in the fourth quarter of 2024, with an overall annual growth rate of 3.4%.

He described the government’s economic strategy as “unprecedented,” adding that key indicators such as the budget deficit, trade balance, and exchange rate have all shown signs of improvement.

“We said we would do it, and now we have done it. This time, we’re staying the course,” he emphasized.

The minister also highlighted the government’s focus on agriculture as a critical driver of economic growth, saying efforts are underway to close the food supply gap by empowering local producers.

“We aim to close the food supply gap, not by importing more, but by enabling domestic producers to scale and innovate,” he said.

In the area of infrastructure, Edun announced that 90,000km of fibre optic cable has been rolled out to boost internet connectivity, especially for young Nigerians and the tech ecosystem.

Additionally, 4,000km of roads have been earmarked for private sector participation, with the first 1,000km already approved for construction.

 

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International News

Russia Launches Deadliest Attack On Ukraine As Ceasefire Hopes Fade

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In the early hours of Thursday, Kyiv was rocked by a devastating Russian missile and drone attack, described by Ukrainian officials as one of the most brutal strikes on the capital since Russia’s full-scale invasion began in 2022.

The Ukrainian air force reported that Russia unleashed 70 missiles and 145 drones overnight, targeting several cities across the country.

The barrage on Kyiv left at least nine people dead and over 60 wounded, including six children.

READ ALSO: Suspected Attack: Explosion Strikes Russian Consulate In France

Air raid sirens blared across the capital around 1:00 a.m., warning residents to seek shelter.

Moments later, loud explosions shattered the night, lighting up the sky and shaking buildings. “Phone calls can be heard from under the rubble — the search will continue until we are confident that we have found everyone,” said Interior Minister Igor Klymenko.

He confirmed that two children remained unaccounted for amid the chaos.

Rescue workers scrambled to pull survivors from under collapsed buildings. Fires broke out across multiple apartment blocks, and damage was reported in at least 13 locations.

In one tragic scene in the Sviatoshinsky district, a woman sat on a foldout chair beside a covered body, gently stroking the arm of a loved one killed in the strike.

Nearby, a bloodied woman clutched her dog as a first responder spoke calmly to her, trying to provide comfort amid the destruction.

Prime Minister Denys Shmygal condemned the assault in stark terms. “Cruise and ballistic missiles, drones, air bombs — Russia is cruelly and cynically firing missiles at Ukrainian cities, killing people while the world is making efforts to establish peace,” he wrote on social media.

The attack came just hours after Ukrainian President Volodymyr Zelensky reiterated his call for a ceasefire. “Stopping the killings is the number one task,” Zelensky stated online following a meeting between his aides and Western officials in London.

However, any momentum toward peace appeared to falter. Russian President Vladimir Putin has yet to respond to Zelensky’s offer to halt airstrikes on civilian areas and previously dismissed a joint U.S.-Ukrainian proposal for an unconditional ceasefire.

“Putin demonstrates through his actions, not words, that he does not respect any peace efforts and only wants to continue the war,” said Foreign Minister Andriy Sybiga. Echoing that sentiment, presidential aide Andriy Yermak declared, “Putin shows only a desire to kill.”

Former U.S. President Donald Trump, speaking hours before the attack, claimed a peace deal with Russia was close.

He blamed Zelensky for stalling negotiations by refusing to accept Moscow’s annexation of Crimea, stating that Ukraine’s position “will do nothing but prolong the ‘killing field’.”

Meanwhile, Russian forces expanded their offensive to other regions.

In Kharkiv, at least seven missiles struck a densely populated residential district, according to city mayor Igor Terekhov. Russia’s defense ministry also reported downing 87 Ukrainian drones, including 45 over Crimea.

Earlier this month, Russia’s campaign of aerial terror intensified. A missile strike on the city of Sumy killed at least 35 people, while another attack on Zelensky’s hometown, Kryvyi Rih, claimed 19 lives — nine of them children.

 

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NEWS

Why NDLEA Wants Drug Tests For Corps Members, Couples

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The National Drug Law Enforcement Agency (NDLEA) is intensifying its campaign against substance abuse by proposing mandatory drug integrity tests for National Youth Service Corps (NYSC) members and individuals preparing for marriage.

Chairman and Chief Executive Officer of the NDLEA, Brigadier General Mohamed Buba Marwa (Rtd), explained the rationale behind the proposal during a meeting with the NYSC leadership in Abuja on April 23, 2025.

Speaking to NYSC Director-General, Brigadier General Olakunle Nafiu, Marwa clarified that the tests are not intended to be punitive but are part of a broader strategy to curb drug abuse and intervene early in cases of dependence.

READ ALSO: NYSC Pulls Out Corps Members From Benue Community

“It is always better to detect drug use early before it gets to addiction, which eventually could get to psychiatric problems, and it becomes a danger to the user and society,” Marwa stated.

While welcoming the new NYSC chief, Marwa commended the scheme as “a national treasure and a veritable instrument of national unity.”

He highlighted the alarming rate of drug use in the country and called for collective efforts in tackling the challenge.

“The drug scourge has continued to devastate our kids, families, and communities everywhere. There’s nowhere you go in the country that you don’t have a drug abuse problem,” he said. “One in seven Nigerians between the ages of 15 and 64 uses drugs.”

Marwa emphasized that while NDLEA is working hard to restrict access and availability of drugs, reducing demand is equally important.

He urged NYSC to play a more active role in this regard.

“You have mentioned our efforts to cut off access and availability of these drugs but beyond that, we have to work with all stakeholders, including NYSC to ensure drastic reduction in the demand for drugs by our youths, and one of our strategies to address this is through our drug integrity test, which we’re advocating that NYSC should embrace for corps members.”

He also praised the introduction of the War Against Drug Abuse (WADA) clubs in NYSC camps, describing them as a positive development, while calling for further collaboration in areas such as prevention, counseling, and rehabilitation.

“This is a major drug demand reduction effort. In the same way we said, if you are getting married, both the bride and the groom should bring a drug-free certificate,” he added.

According to Marwa, early detection remains key to managing substance abuse and preventing it from evolving into more severe health or social issues.

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