Thomas

A firm believer of the #Ikigai Concept. #CHRISTIAN #Baptist #TFB #RoyalAmbassadors. #DataIsLife My tweets are my personal views. RTs ≠ endorsements

[Thomas @adegbolathomas]

"“If we are not prepared to fight fear and ignorance as actively and as thoughtfully as we fight any other virus, it is possible that fear can do terrible harm to vulnerable people, even in places that never see a single case of infection during an outbreak.

[Thomas @adegbolathomas]

@Nig_Farmer I remember this episode clearly. That’s Yewande.. the coolest one at the Mamba’s camp. Her eviction was quite an emotional one.

[Bola Ahmed Tinubu @officialABAT]

Dear Nigerians,

Effective February 13, 2026, I signed an Executive Order to restore what belongs to the Nigerian people.

For too long, excessive deductions, overlapping funds, and structural distortions in the oil and gas sector have weakened remittances to the Federation Account. When revenues meant for federal, state, and local governments are trapped in layers of charges and retention mechanisms, development suffers. That must end.

With Order 9 of 2026 (Presidential Executive Order to Safeguard Federation Oil and Gas
Revenues and Provide Regulatory Clarity, 2026) which has now been gazetted, all Royalty Oil, Tax Oil, Profit Oil, Profit Gas, and other government entitlements under Production Sharing and related contracts will now be paid directly into the Federation Account. The additional 30 per cent management fee and the 30 per cent Frontier Exploration deduction will no longer stand in the way of national revenue.

Our objective is transparency, accountability, and full constitutional compliance.

Oil and gas revenues must serve the Nigerian people first and this reform is about fairness and fiscal responsibility.

As we strengthen national security, invest in education, expand healthcare, stabilise the economy, and advance our energy transition, every legitimate naira due to the Federation must be protected.

NNPC Limited will operate strictly as a commercial enterprise, as intended under law. The era of duplicative deductions and fragmented oversight is over.

Our administration will also undertake a comprehensive review of the Petroleum Industry Act to address structural and fiscal anomalies that weaken national revenue. I have also approved the establishment of an Implementation Committee to oversee and ensure the effective, coordinated implementation of the executive order.

Nigeria can no longer afford leakage where there should be leadership.

We are safeguarding the Federation Account.
We are strengthening our budget.
We are acting in the national interest.

This was my promise to Nigerians when I asked for this job. Nigeria First.

I thank you all.

Bola Ahmed Tinubu
President and Commander-in-Chief of the Armed Forces
Federal Republic of Nigeria

[Thomas @adegbolathomas]

@tax I revisited this article I wrote, and the perspectives remain timely. Thank you @tax, for featuring it. Nigeria’s tax space is experiencing dynamic changes, and further updates will follow soon.

[Bloomberg Tax @tax]

Opinion: FIRST E&P's Adegbola Thomas says Nigerian companies must focus on proactive governance, as the country's new financial reporting system relies more on real-time data and automation. https://t.co/F7WIQa3ejb

[Thomas @adegbolathomas]

@AkinMoses1 @CascadorNigeria Congrats bro. Super proud of you

[Thomas @adegbolathomas]

Grateful to see my latest article featured by @tax
As ICFR becomes a legal expectation in Nigeria, how prepared are our finance teams to align tax controls with reporting frameworks?
Would love to hear your views.
#Audit #Finance #NigeriaTax #compliance #Tax #ICFR #taxnews

[Bloomberg Tax @tax]

Opinion: FIRST E&P's Adegbola Thomas says Nigerian companies must focus on proactive governance, as the country's new financial reporting system relies more on real-time data and automation. https://t.co/F7WIQa3ejb

[Thomas @adegbolathomas]

https://t.co/IXvvr9VzFy

[Presidential Enabling Business Environment Council @PEBECgovng]

Press Release on Annual Fees and Dues Imposed on Public Interest Entities (PIEs)

#PEBEC #PEBECWorks #EaseOfDoingBusiness #PIEs

[Thomas @adegbolathomas]

@NudgeTM Who is that guy to the left. I think I know him 😃😃😃😒

[Thomas @adegbolathomas]

@CuteTife Hehehe… I dy oo

[Tife Adeleke @CuteTife]

Who is a God like unto thee, that pardoneth iniquity, and passeth by the transgression of the remnant of his heritage? he retaineth not his anger for ever, because he delighteth in mercy.
Micah 7:18 KJV

https://t.co/oR1imoaVFd

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