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By Goli Innocent
The 36 state governors, under the aegis of the Nigeria Governors’ Forum, have thrown their weight behind President Bola Tinubu’s move to ensure oil and gas revenues are paid directly into the Federation Account.
They described the policy as a major step toward transparency and fiscal discipline.
In a statement released in Abuja, the Forum said the reform would bring clarity to how petroleum earnings are shared among the three tiers of government.
It noted that consistent and predictable inflows are vital for proper budgeting and long-term development planning.
The governors specifically endorsed Executive Order 9, signed on February 13, 2026.
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The order mandates that government entitlements from production-sharing contracts, including royalty oil, tax oil, profit oil and profit gas, be remitted straight into the Federation Account.
Chairman of the Forum and Kwara State Governor, AbdulRahman AbdulRazaq, said the decision strengthens Nigeria’s fiscal architecture.
“The Federation Account is the backbone of Nigeria’s intergovernmental fiscal system. Structural clarity in the remittance of nationally owned resources strengthens fiscal stability across all tiers of government,” he said.
“Predictability improves planning. Planning improves delivery,” AbdulRazaq added, stressing that clearer revenue flows would enable governments to serve citizens more effectively.
The governors maintained that transparent remittances would help states invest more confidently in education, healthcare, infrastructure and security.
They pledged continued collaboration with the Federal Government to ensure the reform delivers tangible benefits for Nigerians.
