Tinubu Reshuffles Oil and Gas Sector to Fight Corruption
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President Bola Ahmed Tinubu has signed Executive Order 9 of 2026, fundamentally altering how Nigeria manages its oil and gas wealth.
In a statement on his X account on February 19, 2026, President Tinubu stated that for too long, excessive deductions, overlapping funds, and structural distortions in the oil and gas sector have weakened remittances to the Federation Account.
He directed that, effective February 13, 2026, the order mandates that all government entitlements from oil and gas contracts, including Royalty Oil, Tax Oil, and Profit Gas, be paid directly into the Federation Account, bypassing previous retention layers that the President described as “structural distortions.
“Dear Nigerians, Effective February 13, 2026, I signed an Executive Order to restore what belongs to the Nigerian people,” President Tinubu wrote.
He added, “With Order 9 of 2026 (Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026), which has now been gazetted, all Royalty Oil, Tax Oil, Profit Oil, Profit Gas, and other government entitlements under Production Sharing and related contracts will now be paid directly into the Federation Account.”
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End of the “30% Deductions
President Tinubu stated that the additional 30 per cent management fee and the 30 per cent Frontier Exploration deduction will no longer stand in the way of national revenue.
He emphasized that these charges will no longer “stand in the way of national revenue,” ensuring that federal, state, and local governments receive their full constitutional shares.
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NNPC Ltd to Pivot to “Strictly Commercial
The Executive Order sends a clear signal to the Nigerian National Petroleum Company (NNPC) Limited stating that it will operate strictly as a commercial enterprise, as intended under law.
The era of duplicative deductions and fragmented oversight is over.
“Nigeria can no longer afford leakage where there should be leadership. We are safeguarding the Federation Account. We are strengthening our budget. We are acting in the national interest,” President Tinubu wrote.
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Part of the statement by President Bola Ahmed Tinubu on his X account on February 19, 2026. PHOTO/Screengrab by Hivileo.
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