Library / PRESIDENTIAL EXECUTIVE ORDER 2026
PRESIDENTIAL EXECUTIVE ORDER 2026

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2.—(1) The payment to NNPC Limited of the 30% on profit oil and 
profit gas revenues due to the Federation for the management of Production 
Sharing, Profit Sharing, and Risk Service Contracts is suspended with 
immediate effect. 
(2) NNPC Limited shall henceforth transfer all profit oil and profit gas 
revenues it received as concessionaire/government representative in production 
sharing, profit sharing and risk service contracts, to the Federation Account. 
(3) All operators/contractors of oil and gas assets held under production 
sharing contract shall, from the date of this Order, pay over the Royalty Oil, 
Tax Oil, Profit Oil, and Profit Gas and any other interest howsoever described 
which is due to the Government of the Federation directly and engross to the 
Federation Account. 
3.{1) The Commission shall from the date of this Order, pay the 
proceeds from all penalties imposed on operators for flaring gas, into the 
Federation Account and cease payment of such proceeds into the Midstream 
and Downstream Gas Infrastructure Fund (MDGIF). 
(2) All expenditure from the MDGIF shall be conducted in line with 
extant public procurement laws, policies and regulations. 
4.(1) 
The Commission shall serve as the interface with licensees 
and lessees in respect of integrated operations where upstream and midstream 
petroleum operations are fully combined. 
(2) The Commission and the Authority shall within two weeks of the 
coming into force of this Order, constitute a Joint Project Team responsible 
for technical regulation of integrated operations. 
(3) The Joint Project Team shall — 
(a) develop guidelines for the operation of integrated facilities; 
(b) 
identify the appropriate licences, permits and fees applicable to 
each activity; 
(c) 
facilitate information and data sharing to ensure a harmonised 
regulatory treatment of the integrated facility; and 
(d) propose an appropriate framework for the allocation of regulatory 
fees between the Commission and Authority, based on the classification of 
activities and the agreed regulatory framework. 
B 1015 
Suspension 
of the 
payment 
of 30% 
management 
fee on profit 
oil and profit 
gas revenues 
to NNPC 
Limited 
Suspension 
of the 
payment 
of the Gas 
Flare 
Penalty 
into the 
Midstream 
and 
Downstream 
Gas 
Infrastructure 
Fund 
Constitution 
ofa Joint 
Project Team 
to execute 
integrated 
petroleum 
Operations