President Bola Tinubu has introduced "Order 9 of 2026," a new set of rules designed to clean up the way Nigeria collects its oil money.
The goal is simple: make sure every naira earned from our natural resources goes straight to the government account so it can be used for schools, hospitals, and roads.
The NNPC will no longer take a 30% "management fee" from oil profits. The government says the NNPC already keeps 20% for its operations, so this extra 30% was unnecessary.
The 30% of profit previously set aside for "Frontier Exploration" (searching for oil in new areas) will now go directly to the national account to prevent billions from sitting idle.
Oil companies must now pay all taxes and royalties directly to the Federation Account instead of going through multiple channels where money can get "trapped."
Money paid as fines by companies that burn gas (flaring) will now go straight to the national purse to help the economy.
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