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Niger Delta group urges Tinubu to issue executive order on 13% derivation fund

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•President Bola Tinubu has signed an Executive Order requiring direct remittance of oil and gas revenues, including taxes and royalties, into the Federation Account.
•The Executive Order ends the Nigerian National Petroleum Company’s practice of retaining 30% of oil revenues before remittance.
•Tinubu’s Executive Order amends aspects of the Petroleum Industry Act related to oil revenue remittance procedures.
•The Nigerian National Petroleum Company has been directed to remit oil taxes and royalties directly to the Federation Account Allocation Committee framework.
•A Niger Delta group has publicly called on President Tinubu to issue an additional executive order addressing the 13% derivation fund for oil-producing states.

Qué Podría Pasar Si...

▸If Tinubu issues a new executive order specifically restructuring the 13% derivation fund flows to oil-producing states State governments in the Niger Delta could experience changes in the timing and transparency of revenue receipts, affecting their budget planning and local project financing.

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Exposición de Mercado

DivisaNGN (Nigerian naira)Mayor Volatilidad

If the new remittance rules improve transparency but temporarily disrupt cash flows from oil revenues, short-term uncertainty around fiscal receipts could translate into swings in naira demand and confidence.

Actores Clave

Países

🌍Nigeria

Personas

👤Bola Tinubu(President of Nigeria)

Cobertura por Fuentes

AFRICA

6 artículos

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Fuentes (6)

AFRICAVanguard (Nigeria)Tinubu signs Executive Order to end NNPC’s 30% oil revenue cuts AFRICAThisDay (Nigeria)Tinubu Signs Executive Order on Direct Remittance of Oil Revenues to Federation Account AFRICAPremium Times (Nigeria)Tinubu orders direct remittance of oil, gas revenues to Federation Account AFRICAPunch (Nigeria)

President Bola Tinubu has signed an Executive Order mandating the Nigerian National Petroleum Company (NNPC) and other relevant entities to remit oil and gas revenues, including taxes and royalties, directly into the Federation Account, effectively ending NNPC’s prior 30% revenue retention structure. In parallel, a Niger Delta group is urging Tinubu to issue a further executive order specifically on the 13% derivation fund, seeking clearer or more direct allocation of constitutionally mandated oil revenue shares to oil-producing states. The moves signal an ongoing restructuring of Nigeria’s oil revenue governance with implications for federal-state fiscal relations and Niger Delta stakeholders.