Abuja, Nigeria – President Bola Tinubu has signed a new Executive Order aimed at ensuring that all government earnings from oil and gas operations are paid directly into the Federation Account.
Okay News reports that the directive, titled Order 9 of 2026 – Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity – took effect on February 13, 2026, and has been officially gazetted. Under the order, all Royalty Oil, Tax Oil, Profit Oil, Profit Gas and other entitlements due to the government under Production Sharing Contracts and related agreements will now be remitted straight to the Federation Account.
The President said the reform is designed to eliminate excessive deductions, overlapping charges and structural practices that have reduced the funds available to federal, state and local governments. The additional 30 per cent management fee and the 30 per cent Frontier Exploration deduction will no longer apply, a move the administration says will strengthen transparency, accountability and constitutional compliance in revenue management.
Tinubu added that NNPC Limited will operate strictly as a commercial entity in line with existing laws, while a comprehensive review of the Petroleum Industry Act will be undertaken to address structural and fiscal gaps. An implementation committee has also been approved to oversee the coordinated rollout of the new order, as the government seeks to plug revenue leakages and boost national finances.
