Nigeria's Tinubu Halts NNPCL Revenue Deductions

President Bola Tinubu of Nigeria issued Executive Order 9, titled 'Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity,' which mandates direct remittance of petroleum revenues into constitutionally recognized government accounts. This order effectively stops the Federal Government of Nigeria===NNPC Limited (NNPCL) and other agencies from making certain revenue deductions before remitting funds to the Federation Account. The Presidency defends this action, stating it is based on the Nigerian Constitution, which it argues the Petroleum Industry Act (PIA) violates by allowing such deductions. The PENGASSAN (PENGASSAN) protested the order, accusing Bola Tinubu of undermining the operational independence granted to the Federal Government of Nigeria===NNPC Limited under the PIA and threatening its ability to fund operations and statutory obligations, including the Frontier Exploration Fund. The Presidency, through Bayo Onanuga and Sunday Akin Dare, maintains that the order is necessary to plug revenue leakages and restore constitutional revenue entitlements to all tiers of government in Nigeria, emphasizing constitutional supremacy over ordinary legislation.