Tinubu's Order to Safeguard Oil Revenues Strengthens Economy

On February 13, 2026, President Tinubu issued an executive order designed to safeguard Nigeria's oil and gas revenues, which is expected to strengthen the federal account. Dori Uzoka, the chairman of the Federal Account Allocation Committee (FAAC), made these remarks during a meeting on Friday.

The executive order is intended to reinforce revenue discipline in the oil and gas sector, reduce leakages, and boost the distribution of income sustainably. Uzoka highlighted that while the order aims to enhance revenue performance, it requires improved fiscal coordination.

She stressed that the responsibilities of FAAC extend beyond mere distribution, including ensuring that distributions support macroeconomic stability and long-term economic growth. Uzoka warned that sudden increases in revenue could lead to inflationary pressures if not managed carefully, potentially distorting asset prices and exchange rates.

She emphasized the need for safeguards to ensure that increased federal revenue does not disrupt the country's macroeconomic stability.