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Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance

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Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bayo Ojulari
Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari

Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance

President Bola Ahmed Tinubu has signed a sweeping executive order mandating the direct remittance of all oil and gas revenues into the Federation Account Allocation Committee (Federation Account Allocation Committee), in what is regarded as one of the most significant fiscal reforms since the enactment of the Petroleum Industry Act (PIA).

The directive, announced by presidential spokesperson Bayo Onanuga, requires that all proceeds from royalty oil, tax oil, profit oil, and profit gas be paid in full into the federation account without deductions, before statutory distribution to the federal, state, and local governments.

A central element of the order strips Nigerian National Petroleum Company Limited (NNPCL) of its long-standing 30 per cent management fee on profit oil and profit gas, a deduction that has repeatedly drawn criticism for significantly reducing funds available for sharing among the three tiers of government. The presidency said the practice undermined constitutional revenue entitlements and weakened public finances.

In addition, the president directed that the 30 per cent Frontier Exploration Fund created under the PIA will no longer be retained or managed by NNPCL. Instead, all funds previously set aside under the arrangement will now flow directly into the federation account for FAAC distribution, altering the financing structure for frontier basin exploration activities.

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The executive order also affects the handling of gas flare penalties. Payments into the Midstream and Downstream Gas Infrastructure Fund have been suspended, with all proceeds from gas flaring penalties now to be paid directly into the federation account. Officials said existing environmental remediation frameworks already cover such obligations, making the additional fund unnecessary.

According to the presidency, the reforms are aimed at blocking overlapping deductions, including management fees and profit retentions, which collectively divert more than two-thirds of potential oil and gas revenues before they reach FAAC. President Tinubu warned that shrinking net oil revenues pose serious risks to national budgeting, debt sustainability, and overall economic stability.

The president emphasised that the new framework will reposition NNPCL strictly as a commercially driven national oil company, removing quasi-fiscal responsibilities while strengthening transparency, accountability, and oversight in Nigeria’s oil and gas revenue management.

To ensure effective implementation, Tinubu approved the establishment of an inter-ministerial committee comprising senior officials from the economic management team, justice sector, and relevant regulatory agencies. The committee is expected to coordinate legal, financial, and operational steps required for immediate compliance.

The president also signalled plans for a broader review of the Petroleum Industry Act, indicating that further amendments may be pursued to address structural and fiscal concerns raised by stakeholders, particularly state governments.

With oil and gas revenues remaining central to Nigeria’s fiscal health, the executive order represents a decisive move to tighten revenue flows, strengthen FAAC allocations, and reinforce fiscal federalism across the country.

Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance

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Education

Niger State Urges Local Communities to Protect Newly Completed Public Schools

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Niger State Urges Local Communities to Protect Newly Completed Public Schools

Basic education officials deliver modern classrooms to help children learn safely, kicking off an ambitious statewide renovation drive.

State education leaders in Niger State are calling on neighborhood residents and parent groups to take good care of newly renovated primary schools.

On Wednesday, the head of the Niger State Universal Basic Education Board, Dr. Ibrahim A. Liman, reminded communities that public classrooms belong to everyone, warning that state funding can only make a lasting difference when local people watch over these shared spaces.

To prepare for handing over the keys, board officials visited Zango Primary School in Kontagora and Richard Lander Primary School in New Bussa. These two locations are the first to finish out of seven model schools currently under construction.

During their visits, team members inspected classrooms to make sure builders followed high safety standards, while encouraging neighbors to keep the grounds secure, tidy, and ready for pupils.

Furthermore, state officials explained that these building projects are part of a larger plan to improve early education across every community. Alongside these new classrooms, the board is starting repair work on about 400 primary schools throughout the state.

In addition to fixing desks and roofs, authorities are upgrading classroom teaching tools and supporting teachers. As a result, children across all backgrounds will have safe, welcoming spaces to learn and grow together.

 

Niger State Urges Local Communities to Protect Newly Completed Public Schools

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Adamawa Health Officials Report 20 Deaths from Suspected Diphtheria Cases

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Adamawa Health Officials Report 20 Deaths from Suspected Diphtheria Cases
A typical sign of Diphtheria
Adamawa Health Officials Report 20 Deaths from Suspected Diphtheria Cases

Parents and caregivers are advised to seek early medical help and update childhood vaccinations as response teams expand outreach.

Health authorities in Adamawa State are responding to a diphtheria outbreak that has caused 20 deaths across 13 local government areas. Speaking on Wednesday, State Epidemiologist Jones Steven Kadabiyu confirmed that health workers have recorded 126 suspected cases throughout the state, with six patients currently receiving medical care in local hospitals.

Diphtheria is a serious bacterial illness that spreads through airborne droplets from coughing or close personal contact. It mainly affects the throat and airway, causing sore throats, mild fevers, swollen neck glands, and difficulty swallowing or breathing.

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Health officials emphasized that the biggest risk to patients has been waiting too long to visit a health center, as some families try informal remedies at home first before seeking professional medical attention.

The state government is working alongside health partners to track new cases, provide specialized antibiotics and treatments, and protect medical workers and family members.

Officials stressed that while diphtheria can affect people of any age, young children are the most vulnerable to serious complications. Parents and guardians are strongly encouraged to ensure their children are up to date on their routine vaccines and to visit the nearest clinic immediately if anyone develops throat swelling or breathing issues.

Adamawa Health Officials Report 20 Deaths from Suspected Diphtheria Cases

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Blue Line Rail, Hospitals Get Boost as Lagos Approves ₦200bn Bond and Budget Reordering

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Lagos State House of Assembly
Lagos State House of Assembly
Blue Line Rail, Hospitals Get Boost as Lagos Approves ₦200bn Bond and Budget Reordering

Following Governor Sanwo-Olu’s request, the state legislature approves expanded capital financing for the final months of the fiscal year.

The Lagos State House of Assembly has approved changes to the state’s 2026 spending plan to speed up work on key community infrastructure, including public transit lines, general hospitals, and flood prevention systems.

The decision came after Governor Babajide Sanwo-Olu requested a review of the budget to make sure government funds are directed where they are needed most during the rest of the year.

To support these priority projects, lawmakers agreed to raise the state’s infrastructure bond from ₦150 billion to ₦200 billion. Budget committee chairman Lukmon Olumoh explained that this financial adjustment will help contractors finish essential public facilities faster.

The revised funds will help extend the Blue Line train service between Mile 2 and Trade Fair Station, complete the new Massey Street Children’s Hospital, and finish the 280-bed General Hospital in Ojo.

The amended plan also sets aside funds for fixing potholes on neighborhood roads, clearing drainage channels to prevent flooding, and buying new service vehicles for sanitation and traffic teams.

Lawmakers emphasized that legislative committees will closely monitor how these funds are spent to ensure projects are delivered on schedule and within clear standards. Speaker Mudashiru Obasa confirmed that the approved bill has been sent to the governor to be officially signed into law.

 

Blue Line Rail, Hospitals Get Boost as Lagos Approves ₦200bn Bond and Budget Reordering

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