President Bola Tinubu has issued an executive order to safeguard and enhance oil and gas revenues for the Federation, curb wasteful spending, eliminate duplicative structures in this critical sector of the national economy, and redirect resources for the benefit of the Nigerian people. The President signed the EO in pursuance of Section 5 of the Constitution of the Federal Republic of Nigeria (as amended). The Executive Order is anchored on Section 44(3) of the Constitution, which vests ownership, control, and derivative rights in all minerals, mineral oils, and natural gas…
Read MoreTINUBU SIGNS EXECUTIVE ORDER FOR DIRECT REMITTANCE OF OIL AND GAS REVENUES TO FEDERATION ACCOUNT
