FG Sets Transition for Direct Oil Payments to Federation Account
Mar 3, 2026
The Federal Government has started a new plan to make sure money from Nigeria's oil goes directly into the country's main account. Under a new rule called Executive Order 9, oil companies will now pay the government directly instead of going through other steps. To make sure this big change doesn't cause problems for businesses, the Minister of Finance, Wale Edun, has announced a "transition period."