The work to operationalise Executive Order 9 has begun.
The Implementation Committeeโs Technical Subcommittee, which I lead, held its inaugural meeting on Friday March 6, 2026.
We have a clear mandate, to deliver two priority outcomes: develop guidelines for the seamless direct remittance of profit oil, royalty oil and tax oil into the Federation Account, and commence a targeted review of the Petroleum Industry Act to address structural and fiscal anomalies that weaken Federation revenues.
Over the coming weeks, we will engage stakeholders, issue clear guidance, and provide regular updates as implementation progresses.
Our goals: Protect the sanctity of contracts, preserve investor confidence, and ensure Nigeriaโs petroleum resources deliver measurable value for all Nigerians.