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Nigeria redirects oil/gas revenues to Federation Account, ending NNPC fees and boosting transparency.
Nigeria’s government has implemented Executive Order 9 of 2026, mandating that all oil and gas revenues— including profit oil, royalty oil, tax oil, and gas flare penalties—be sent directly to the Federation Account, bypassing the Nigerian National Petroleum Company.
The move ends the 30% management fee and 30% Frontier Exploration Fund deductions, restoring constitutional revenue flow and improving fiscal transparency.
A transition period allows contractors to adjust, with new guidelines expected in three weeks.
The reform aims to stabilize federal funding, enhance accountability, and ensure revenues benefit all Nigerians.
Nigeria redirige los ingresos de petróleo y gas a la Cuenta de la Federación, poniendo fin a las tarifas de NNPC y aumentando la transparencia.