Nigeria's Governors Endorse Direct Oil Revenue Remittance

President Bola Tinubu signed Executive Order 9 on February 13, 2026, mandating the direct remittance of oil and gas revenues, including royalty oil, tax oil, profit oil, and profit gas, into Nigeria's Federation Account. This executive order aims to realign revenue flows with constitutional provisions and clarify regulatory responsibilities within the petroleum sector. The Nigeria Governors Forum, chaired by AbdulRahman AbdulRazaq, has strongly endorsed these reforms, emphasizing their importance for strengthening fiscal transparency, predictability, and constitutional alignment across all tiers of government. The Forum highlighted that consistent and predictable revenue streams are crucial for states to effectively deliver education, healthcare, infrastructure, and security to Nigeria's growing population, which now exceeds 220 million. The move is seen as foundational to Nigeria's fiscal federalism, addressing gaps between gross revenue collections and distributable sums previously observed by the Nigeria===Federation Account Allocation Committee.