- Tinubu Orders Direct Payment of Oil Revenues to Federation Account
- Executive Order 9 takes effect from February 13, 2026.
- Government to review Petroleum Industry Act for reforms.
President Bola Tinubu has signed an executive order mandating that all revenues from Nigeria’s oil and gas sector be paid directly into the federation account.
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EKO HOT BLOG reports that the President announced the directive on Wednesday through his 𝕏 account, stating that the move seeks to end excessive deductions, overlapping funds and structural distortions that have weakened remittances to the federation account.
Tagged Order 9 of 2026 and titled Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026, the directive took effect from February 13, 2026, and has been gazetted.
Under the order, all Royalty Oil, Tax Oil, Profit Oil, Profit Gas and other government entitlements under Production Sharing and related contracts are to be paid directly into the federation account. The additional 30 per cent management fee and the 30 per cent Frontier Exploration deduction have been discontinued.
“Effective February 13, 2026, I signed an Executive Order to restore what belongs to the Nigerian people.
“For too long, excessive deductions, overlapping funds, and structural distortions in the oil and gas sector have weakened remittances to the Federation Account. When revenues meant for federal, state, and local governments are trapped in layers of charges and retention mechanisms, development suffers. That must end.
“Our objective is transparency, accountability, and full constitutional compliance.
“Oil and gas revenues must serve the Nigerian people first, and this reform is about fairness and fiscal responsibility.
“NNPC Limited will operate strictly as a commercial enterprise, as intended under law. The era of duplicative deductions and fragmented oversight is over.”
Tinubu also approved the establishment of an implementation committee and announced plans for a comprehensive review of the Petroleum Industry Act to address structural and fiscal anomalies affecting national revenue.
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