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Tinubu Signs Executive Order To Protect Nigeria’s Oil & Gas Revenue

President Bola Tinubu has taken a major step to safeguard and enhance Nigeria’s oil and gas revenues by signing an Executive Order aimed at stopping wasteful spending, eliminating overlapping structures in the sector, and ensuring that resources are properly redirected for the benefit of Nigerians.
Under the new order, NNPC Limited will no longer collect the 30% Frontier Exploration Fund nor the 30% management fee on profit oil and profit gas. Previously, these deductions meant that a significant portion of the Federation’s oil revenue was being held back, despite existing funds being sufficient to cover NNPC’s operational needs. From now on, all payments — including royalties, taxes, profit oil, profit gas, and even gas flare penalties — will go directly to the Federation Account, ensuring that federal, state, and local governments receive their rightful share.
The Executive Order addresses concerns over the PIA’s structure, which had created multiple overlapping deductions and allowed NNPC to influence costs while functioning as a commercial entity. By removing duplicative fees and funds, the government aims to increase transparency, reduce leakages, and reposition NNPC strictly as a commercial operator.
READ ALSO:Electricity: Peter Obi Blasts Tinubu Over Failed Promises
President Tinubu emphasized that the reforms are urgently needed to support national budgeting, debt sustainability, economic stability, and social development, particularly in areas like security, education, healthcare, and energy transition projects. He also approved a review of the Petroleum Industry Act (PIA) in consultation with stakeholders to address structural and fiscal anomalies.
To ensure proper implementation, a committee composed of ministers, NNPC representatives, the Budget Office, and the Nigeria Revenue Service will oversee execution. The reforms take effect from February 13, 2026, marking a new era of accountability, efficiency, and fairness in Nigeria’s oil and gas sector.
This Executive Order is more than a policy update — it’s a clear signal that Nigeria’s natural resources will now be managed with greater transparency, efficiency, and benefit to the people.
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Group Commends COREN For Training Engineers In Engineering Failure, Forensic Investigation In Nigeria
Foundation for the Development of Shira Community (FODESCO) in Shira Local Government Area of Bauchi state has commended the Council for the Regulation of Engineering in Nigeria (COREN) for conducting a pioneer training on Engineering Failure and Forensic Investigation (EFFI) for 50 licensed engineering practitioners across the country.
Engr. Shehu Wakili, the Chairman of the Foundation made the commendation in an interview with newsmen on Friday.
According to him, the training which was conducted by COREN in collaboration with the Nigerian Building and Road Research Institute (NBRRI) and the Chartered Institute of Forensic and Certified Fraud Investigators of Nigeria (CIFCFIN), was to equip engineers and professionals from academia, industry, and government MDAs with practical skills to investigate infrastructure failures and prevent recurring building collapses.
READ ALSO: ICPC, COREN Working To Curb Quackery In Engineering — Don
He added that the training was also to build a pool of trained specialists who could investigate building collapses and other engineering failures, determine their root causes, and recommend measures to prevent recurrence, saying that the trainees would form part of a register of trained and certified forensic engineering investigators.
He further lauded COREN for the subsequent induction of its member, Engr. Abdullahi Muhammad MNSE, who among the 50 participants, hails from Bauchi state as a Chartered Engineering Forensic and Failure Investigator (CEFFI), certified by CIFCFIN.
“FODESCO is proud of him and wishes him well in all his endeavours”, he prayed.
Wakili, also the Chairman, Nigerian Society of Engineers (NSE), Bauchi state chapter, revealed that the training covered failure analysis, forensic investigation methodologies, risk assessment, and professional reporting.
“This initiative supports broader efforts by COREN and the National Assembly to enforce stricter building codes, identify quackery, and ensure accountability across the construction sector,” he said.
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NBS: Lagos, Rivers, Enugu Top List As States Generated N5.15trn In 2025
The National Bureau of Statistics (NBS) has disclosed that 36 states and the FCT generated a total of ₦5.15 trillion in 2025, indicating a growth rate of 40.93 percent from ₦3.65 trillion recorded in 2024.
NBS stated on Thursday citing the Nigeria Revenue Service ( NRS) as source of its information that Lagos emerged top on the list of states with the highest revenue generation in the sum of ₦1.77 trillion.
“Followed by Rivers state ₦428.42 billion and Enugu with IGR record of ₦406.77 billion in the period referenced.”
The. Bureau said Yobe, Ebonyi and Sokoto states reported the least revenues with ₦16.01 billion, ₦17.18 billion and ₦20.48 billion, respectively.
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According to NBS, Pay As You Earn (PAYE) was the most tax revenue recorded during the period, valued at ₦2.64 trillion, representing 69.51 percent of the total tax revenue collected, while capital gains tax was the least with ₦12.40 billion while the share of total tax revenue to total IGR was 73.64 percent nationally.
“Other states and their share of IGR are FCT – N356.34 billion, Ogun – N252.36 billion, Delta – N202.49 billion, Edo – N132.21 billion, Oyo – N103.25 billion and Kano – N102.26 billion.
“Ten other states in lowest category of IGR include Yobe – N16.01 billion, Ebonyi – N17.18 billion, Sokoto – N20.48 billion, Taraba – N28.16 billion ; Benue – N29.57 billion, Zamfara – N30.07 billion, Kebbi – N31.23 billion, Nasarawa – N32.57 billion, Adamawa – N33.76 billion andcBorno – N36.36 billion “.
READ ALSO: Nigeria’s Economy Grew By 3.13% In Q1 2025 — NBS
NBS noted that the states generated their most and least revenue from taxes and other government sources. “PAYE was the dominant revenue source nationally, generating N2.64 trillion and accounting for 69.51% of total tax revenue for the year.
“Other sources included direct assessment, road taxes, stamp duties, withholding taxes and capital gains tax, which was the smallest contributor at N12.40 billion,” the Bureau stated.
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Osun Police Arrest Suspect In Emir Ajagungbade’s Murder Probe
The Osun State Police Command has reportedly arrested Waliyi Adejare, popularly known as Jay Jay, at Oke Baale area of Osogbo, Osun State, as part of an investigation into the circumstances surrounding the murder of Lekan Oyeyemi, popularly known as Emir Ajagungbade.
Adejare was reportedly taken into police custody on Thursday. Sources familiar with the development described him as one of the suspects being investigated in connection with the killing, which occurred amid the crisis that has continued to trail activities around motor parks in Osun State.
However, the police have cautioned against conclusively linking the suspect to the murder at this stage, stressing that investigations into both his arrest and the killing are still ongoing.
The Police Public Relations Officer in Osun State, Abiodun Ojelabi, who confirmed the arrest, said it was too early to establish whether Adejare was arrested specifically in connection with the murder of Emir.
READ ALSO: Osun Park Crisis: Gunshots Rock Osogbo As Emir Ajagungbade Shot Dead In Ile-Ife
Ojelabi said the command was still conducting a thorough investigation to establish the circumstances surrounding the suspect’s arrest and determine whether or not he had any connection with the killing.
According to him, the police would make their findings public after the completion of the investigation, urging members of the public to await the outcome of the ongoing process rather than relying on unverified claims concerning the suspect.
Reliable information obtained on the development indicated that Adejare, also known as Jay Jay, was apprehended in the Oke Baale area of Osogbo during an operation by the police on Thursday.
READ ALSO: Osun: Jonathan Frowns At Govs, Others Converging On States During Off-cycle Elections
Sources also alleged that Adejare had previously served in the Nigerian Navy before reportedly leaving the service and subsequently becoming associated with individuals suspected of criminal activities in Osogbo and its environs.
The latest arrest comes against the backdrop of heightened security attention following the killing of Emir, which triggered renewed concerns over violence and rival interests surrounding motor park operations in the state.
Following the incident, the state government announced measures affecting the activities of the National Union of Road Transport Workers, NURTW, while the police commenced investigations into the circumstances surrounding the killing and other developments arising from the crisis.
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