36 governors back Tinubu’s directive on direct oil revenue remittance to Federation Account

The 36 state governors, under the Nigeria Governors’ Forum (NGF), have endorsed President Bola Tinubu’s policy mandating the direct remittance of oil and gas revenues into the Federation Account, hailing it as a critical move for transparency and fiscal discipline.

In a statement released in Abuja, the Forum asserted that the reform would bring much-needed clarity to the distribution of petroleum earnings among the federal, state, and local governments.

The governors emphasized that consistent and predictable revenue inflows are essential for accurate budgeting and long-term developmental planning.

The endorsement specifically targets Executive Order 9, signed on February 13, 2026. The order requires that government revenues from production-sharing contracts—including royalty oil, tax oil, profit oil, and profit gas—be paid directly into the Federation Account.

AbdulRahman AbdulRazaq, Chairman of the Forum and Governor of Kwara State, stated that the directive strengthens the country’s fiscal framework. “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,” AbdulRazaq said.

He added that predictability enhances planning, which in turn improves service delivery, enabling governments to serve citizens more effectively.

The governors affirmed that transparent revenue remittances would empower states to invest more confidently in critical sectors such as education, healthcare, infrastructure, and security.

They pledged continued cooperation with the Federal Government to ensure the reform yields tangible benefits for all Nigerians.

About The Author

Dele Fashomi

Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.

Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.

He had done many courses in communication, including the EU-BBC Editing Course in 2002.

Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).

He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.

He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 – 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 – 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.

Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye – DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography – AGAINST ALL ODDS. There are many other books in the works under his pen.

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