Library / PRESIDENTIAL EXECUTIVE ORDER 2026
PRESIDENTIAL EXECUTIVE ORDER 2026

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Order No. 9 of 2026 
PRESIDENTIAL EXECUTIVE ORDER TO SAFEGUARD 
FEDERATION OIL AND GAS REVENUES AND PROVIDE 
REGULATORY CLARITY, 2026 
[13th Day of February, 2026] 
Wuereas, the 1999 Constitution of the Federal Republic of Nigeria (as 
altered) vests the ownership, entire property in, control of and derivative rights 
or interests in all minerals, mineral oils and natural gas in, under or upon any 
land in Nigeria or in, under and upon the territorial waters and Exclusive 
Economic Zone of Nigeria in the Governments of the Federation; 
Whereas, by the provisions of the 1999 Constitution of the Federal Republic 
of Nigeria (as altered), the derivative rights and interest in the said minerals 
and mineral oils and natural gas including monies and revenues which accrue 
from any dealings in such property shall accrue to the Governments of the 
Federation and be paid into the Federation Account for distribution between 
the Federal, States and Local Governments on such terms and in such manner 
as may be prescribed by the National Assembly; 
WHEREAS, the Petroleum Industry Act, 2021 was enacted with the broad 
objective of reforming the oil and gas sector for the purpose of ensuring 
transparency, efficiency, and accountability in the management of the petroleum 
resources of the nation and providing increased revenue for the Governments 
of the Federation; 
Wuereas, the current fiscal architecture under the Petroleum Industry 
Act has created opaque and structural channels through which substantial 
revenues of the Federation are diverted away from the Federation Account, 
notably at a time of mounting fiscal pressures and difficulties in the 
implementation of Federal and States’ budgets; 
WuerEAS, these deductions are inconsistent with the provisions of the 
1999 Constitution of the Federal Republic of Nigeria (as altered) and 
unconstitutionally expropriate funds at the expense of the Federation which 
funds are otherwise due to the Federation Account for the benefit of all 
Nigerians; 
WuEREAS, notwithstanding relatively stable production levels and market 
_ prices, the Federation has continued to experience a sustained decline in net 
oil revenue inflows, thereby depriving the Governments of the Federation of 
the funds to deliver essential public services to the citizens of Nigeria; 
B 1013 
Commence- 
ment.