Nigeria orders all oil and gas revenues paid into federation account to boost public finances

President Tinubu ordered all oil and gas revenues paid into the federation account. This reform aims to boost public finances by ending various deductions.

President Bola Tinubu signed a presidential order on February 18, 2026, directing that all oil and gas revenues owed to the government of Nigeria NGNG be paid directly into the Federation Account. This policy-driven directive from the Presidency mandates the redirection of funds that were previously retained by state oil institutions, representing a structural change in the nation's fiscal management. The order is intended to immediately alter the allocation and cash flow of major oil and gas revenue streams to boost public finances and address fiscal strain across Federal, state and local governments.
The logo of the Nigerian National Petroleum Corporation (NNPC) is displayed at the company's booth during the Nigeria International Energy Summit at the Bola Ahmed Tinubu International Conference Centre in Abuja, Nigeria, February 4, 2026. Reuters/Marvellous Durowaiye/File Photo
The logo of the Nigerian National Petroleum Corporation (NNPC) is displayed at the company's booth during the Nigeria International Energy Summit at the Bola Ahmed Tinubu International Conference Centre in Abuja, Nigeria, February 4, 2026. Reuters/Marvellous Durowaiye/File Photo
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