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Nigeria’s president orders all oil and gas revenues to go directly into the federation account, ending NNPC’s fee and fund retention, effective Feb. 13, 2026.
Nigerian President Bola Tinubu has signed an executive order requiring all oil and gas revenues to be paid directly into the federation account, reversing previous provisions that allowed the NNPC and regulatory agencies to retain significant portions.
The move, effective February 13, 2026, eliminates NNPC’s 30% management fee and Frontier Exploration Fund retention, redirects gas flare penalties to the federation account, and deems the Midstream and Downstream Gas Infrastructure Fund redundant due to an existing Environmental Remediation Fund.
The government says the changes will prevent revenue leakage, reduce duplication, and boost funds for national priorities like security, education, and healthcare.
El presidente de Nigeria ordena que todos los ingresos de petróleo y gas vayan directamente a la cuenta de la federación, poniendo fin a los honorarios y retención de fondos de NNPC, a partir del 13 de febrero de 2026.