To ensure transparency and stop "leakages" in the petroleum sector, President Tinubu has signed a landmark Executive Order.
This law shifts the power over oil revenues back to the constitutional federation account, cutting out middleman deductions.
The NNPC is being pushed to act strictly like a business. It can no longer deduct massive percentages from national oil profits before the government sees the money.
Billions of naira that were being held for "speculative" oil searches are being redirected into the national budget for immediate use.
The order clearly defines the jobs of the two main oil regulators (NUPRC and NMDPRA) so they don’t clash or repeat each other's work.
This isn't just paper talk—the Minister of Finance is leading a high-level committee to make sure these changes happen immediately.
Every "Royalty Oil" and "Profit Gas" payment must be sent directly to the Federation Account as of February 13, 2026.
