Executive order yields N212bn in oil revenue
Six months after President Tinubu’s executive order on oil revenue, government records show N211.74bn has accumulated in specific accounts. Read More: https://punchng.com/executive-order-yields-n212bn-in-oil-revenue/
Six months after President Bola Tinubu issued sweeping changes to Nigeria's petroleum revenue management, government records reveal a staggering accumulation of N211.74 billion in frontier exploration and gas-flaring penalty accounts, alongside N92.59 billion in management fees distributed among the three levels of government. These figures, gleaned from ledgers at the Office of the Accountant-General of the Federation, have sparked questions regarding the execution of Executive Order 9 of 2026, which aimed to halt specific deductions from petroleum revenues and boost funds available for distribution to the Federal Government, states, and local governments.
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- Executive order yields N212bn in oil revenue punchng.com
