N14.5tn oil windfall at risk of wastage β Analysts
Experts warn that Nigeria's anticipated N14.57tn oil revenue may not be effectively utilized by governments amid concerns about governance.
Economists and financial experts in Nigeria have expressed serious concerns regarding the management of a projected N14.57 trillion oil revenue windfall anticipated by the federal, state, and local governments in the coming years. This revenue comes in light of President Bola Tinubuβs recent executive order which mandates that various oil revenues, including royalties and taxes, be deposited directly into the Federation Account. The order, aimed at enhancing the country's financial governance, is set to take effect on February 13, 2026, and includes significant changes that eliminate certain management fees and funds associated with exploration.