Hadiza Galadima
President Bola Tinubu has signed Executive Order No. 9 of 2026, a major move to stop “structural leakages” in the oil sector and ensure federal revenues reach the public.
Oil and gas revenues Royalties, Tax, and Profit Oil must now flow directly to the Federation Account, bypassing NNPC’s internal retention.
The NNPC can no longer retain the controversial 30% management fee or the 30% Frontier Exploration Fund.
Tinubu announced a formal review of the Petroleum Industry Act (2021) to fix “fiscal anomalies” that weaken national income.
A high-level committee, led by the Minister of Finance and the Attorney-General, will enforce these changes.
By forcing NNPC Limited to operate as a strictly commercial entity and stripping away its ability to withhold funds, the President aims to boost the monthly allocations shared by federal, state, and local governments.
