Mar 3 • 00:12 UTC 🇳🇬 Nigeria Punch

Governors back Tinubu’s order on oil, gas revenue remittance

The Nigeria Governors’ Forum has expressed support for President Tinubu's Executive Order on the remittance of oil and gas revenues directly into the Federation Account, emphasizing the importance of fiscal transparency and constitutional adherence.

The Nigeria Governors' Forum has officially endorsed President Bola Tinubu's directive regarding the direct remittance of oil and gas revenues into the Federation Account, which is perceived as a crucial step towards enhancing fiscal transparency across government tiers. In a statement released on Monday by the forum's media director, Yunusa Tanko Abdullahi, the governors highlighted that such reforms aim to ensure that revenue inflows adhere to constitutional provisions, thereby improving predictability and alignment among federal, state, and local government entities.

This Executive Order, signed by President Tinubu on February 13, 2026, intends to streamline the flow of oil and gas revenue, thereby clarifying regulatory responsibilities within the petroleum sector. The endorsement from the governors comes amid mixed reactions from various stakeholders, with some praising the Executive Order for its emphasis on transparency and accountability in revenue management, while others raise concerns about potential operational challenges and impacts on state finances.

The governors’ support signifies a crucial political alignment in Nigeria's governance landscape, potentially laying the groundwork for improved fiscal management and collaboration between different levels of government. As the implementation of this order progresses, its effectiveness in achieving the intended reforms will be closely monitored by political analysts and stakeholders, indicating the potential for future reforms in Nigeria’s oil and gas sector and overall fiscal policy.

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