Tinubu's Executive Order 9 Upholds Revenue Management

President Bola Tinubu's Executive Order 9, signed on a Wednesday, is designed to enforce constitutional provisions related to revenue management in Nigeria's oil and gas sector. Sunday Dare, a special adviser to the president, defended the order against criticisms suggesting it constitutes an overreach of executive power.

The order mandates that all petroleum revenues, including royalties and taxes, be remitted to the federal account, aligning with Section 80(1) and Section 162 of the 1999 Constitution. Dare emphasized that the order does not infringe upon the legislative powers of the National Assembly or amend existing laws such as the Petroleum Industry Act.

He stated that the executive order is operationalizing constitutional provisions and aims to strengthen fiscal integrity and transparency in revenue collection. The validity of the executive order may be subject to judicial review, as disputes regarding its constitutionality can be resolved in court.

The order is intended to enhance the credibility of the federal allocation and stabilize the macroeconomic environment.