On February 13, 2026, President Bola Ahmed Tinubu signed Executive Order 9 of 2026 aimed at restoring rightful revenue to Nigeria’s Federation Account. The President’s move comes after years of excessive deductions and structural distortions that have hindered Nigeria’s financial growth.
According to the President, the new Executive Order will ensure that all government entitlements under Production Sharing and related contracts—including Royalty Oil, Tax Oil, Profit Oil, and Profit Gas—are paid directly into the Federation Account, eliminating intermediaries and overlapping fees.
“We cannot afford leakage where there should be leadership,” President Tinubu declared, emphasizing transparency and accountability. He added that the additional 30 percent management fee and the 30 percent Frontier Exploration deduction would no longer stand between Nigeria and its rightful revenues.
The Order, now gazetted, also mandates a comprehensive review of the Petroleum Industry Act to address structural and fiscal issues that have caused revenue inefficiencies. To oversee the successful implementation of the Executive Order, an Implementation Committee has been established.
The President reaffirmed his commitment to improving Nigeria’s security, healthcare, education, and energy transition, while also safeguarding the country’s financial resources.
In a clear message to Nigerians, President Tinubu reiterated: “We are safeguarding the Federation Account. We are strengthening our budget. We are acting in the national interest.”
This bold step marks a critical shift in Nigeria’s oil sector, reinforcing the government’s commitment to transparency and economic stability.