In a bold move to fix Nigeria’s economy, President Bola Tinubu has signed a new Executive Order aimed at protecting the nation's oil wealth.
The President stated that the era of "trapping" government money in various charges and layers of paperwork is officially over.
The order took effect on February 13, 2026, and is now a legally binding document (gazetted).
Before now, complex deductions and overlapping funds made it hard for the government to get the full value of the oil it sold.
This new law removes those "structural distortions."
The President also promised to review the Petroleum Industry Act (PIA) to fix any remaining loopholes that make the country lose money.
The aim is to have more money available to invest in education, healthcare, and national security, ensuring that oil serves the Nigerian people first.
