Nigeria's three tiers of government are swimming in more oil money than they have seen in years. The harder question, one that has defeated administrations before, is whether they will spend it wisely.
President Bola Tinubu signed Executive Order 9 of 2026 on February 13, a sweeping directive that strips the Nigerian National Petroleum Company Limited of its power to deduct management fees and frontier exploration funds before remitting oil revenues to the Federation Account.
The order mandates that all royalty oil, tax oil, profit oil, a
