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PENGASSAN rejects Nigerian President Tinubu's Executive Order on NNPCL

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•President Tinubu issued an executive order mandating direct remittance of oil and gas revenues to the Federation Account on February 20, 2026.
•The order is intended to increase financial resources for the federal government, states, and local governments.
•PENGASSAN formally called for the withdrawal of the executive order on February 20, 2026.
•The Revenue Mobilisation Allocation and Fiscal Commission (RMAF) publicly supported the executive order on February 20, 2026.
•PENGASSAN expressed concerns that the order could undermine the financial independence of the Nigeria National Petroleum Company Limited.

Qué Podría Pasar Si...

▸If the government withdraws the executive order PENGASSAN may resume cooperation with NNPCL operations, maintaining current revenue flows and company autonomy.

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Actores Clave

Países

🌍Nigeria

Organizaciones

🏛Government of Nigeria 🏛Nigerian National Petroleum Company Limited 🏛Petroleum and Natural Gas Senior Staff Association of Nigeria

Personas

👤Bola Tinubu(President of Nigeria)

Cobertura por Fuentes

AFRICA

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Fuentes (4)

AFRICAVanguard (Nigeria)Oil Revenue: Tinubu’s Executive Order means more money for FG, states, LG – Shehu AFRICAThisDay (Nigeria)RMAF Boss Hails Executive Order on Direct Remittance of Oil, Gas Revenues to Federation Account AFRICAPremium Times (Nigeria)PENGASSAN seeks withdrawal of Tinubu’s Executive Order on oil revenues AFRICAVanguard (Nigeria)

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected President Tinubu’s executive order directing oil and gas revenues to be paid directly into the Federation Account. The order aims to increase funds available to the federal, state, and local governments by changing revenue remittance procedures. PENGASSAN opposes the order due to concerns about its impact on the operations and financial autonomy of the Nigeria National Petroleum Company Limited (NNPCL).