The Federal Government has commenced the implementation of Executive Order-9 of 2026, which mandates the direct remittance of oil revenues to the Federation Account Allocation Committee, (FAAC). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in a statement issued yesterday, detailing key resolutions reached at the meeting. This followed the directive of President Bola Tinubu on the remittance to FAAC and the inaugural meeting of the implementation committee for the executive order. Edun said the committee reaffirmed the President’s directive that revenues accruing to the…
Read MoreExecutive order: FG begins oil revenues’ direct remittance to FAAC
