The 36 state governors have thrown their weight behind President Bola Tinubu’s directive that oil and gas revenues be paid directly into the Federation Account.

Under the platform of the Nigeria Governors’ Forum (NGF), the governors described the move as a necessary reform to improve transparency, accountability and stability in public finance management across the country.

President Bola Ahmed Tinubu had on February 13, 2026, signed Executive Order 9, which mandates that government earnings from production-sharing contracts and related oil and gas agreements including royalties, tax oil, profit oil and profit gas be remitted straight to the Federation Account.

In a statement issued by the Forum, the governors said direct remittance would reduce ambiguity in revenue flows and strengthen constitutional compliance in the management of nationally owned resources.

They noted that oil and gas receipts remain a major component of funds shared monthly by the Federation Account Allocation Committee, and that discrepancies between gross collections and distributable revenues have often created uncertainty for states.

Chairman of the Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, said a more transparent structure for revenue remittance would enhance fiscal planning and improve service delivery at all levels of government.

According to him, predictable inflows into the Federation Account are crucial for states to effectively plan capital projects, manage debts and provide essential services, especially as Nigeria’s population continues to grow.

The governors reaffirmed their commitment to working with the Federal Government to ensure the reform leads to stronger institutions and better development outcomes nationwide.