Executive order on direct oil and gas remittance
Figures below refer to 30 April 2026 unless stated otherwise.
The claim
On 13 February 2026 President Tinubu signed an executive order requiring oil and gas operators to remit royalties, taxes and profit shares directly to the Federation Account. It stopped NNPC Ltd collecting the 30% Frontier Exploration Fund and eliminated the 30% management fee on profit oil and profit gas. Gas-flaring penalties were redirected from the MDGIF to the Federation Account. Constitutional basis cited: section 44(3).
Figures
NNPCL remittances to the Federation Account rose month on month after the order: ₦726bn (January 2026), ₦1.80tn (February), ₦2.88tn (March), ₦4.97tn (April). Tinubu said existing deductions 'exceed global norms and effectively divert more than two-thirds of potential remittances.' RMAFC publicly commended the order.
The counter-argument
This is a plumbing reform. It changes how much reaches government accounts, not household purchasing power. Anyone who says 'more revenue but I am still hungry' is making a fair point — the honest answer is that this determines whether states can pay teachers and nurses next year, not what food costs this week.
Sources
- State House — executive order on direct remittancestatehouse.gov.ng
- BusinessDay — NNPC remittances surge after the orderbusinessday.ng
- TheCable — February remittance ₦1.8tnthecable.ng