Executive Order on Oil and Gas Revenues: Unintended Consequences for Communities and Policy Priorities for the PIA Review
Accountability Lab Nigeria welcomes the recent Executive Order signed by President Bola Tinubu aimed at safeguarding and enhancing oil and gas revenues for the Federation, curbing wasteful spending, and eliminating revenue leakages under the current spending framework created by the Petroleum Industry Act, 2021 (PIA). The order reflects a vital corrective impulse toward ensuring that Nigeria captures the full value of its hydrocarbon endowment for national development. However, while the Order’s objective of arresting revenue leakage is widely shared across [...]
