**Tinubu's Oil Revenue Plan Hits a Roadblock in NASS** A crucial investigation into President Bola Tinubu's Executive Order on oil revenue has been put on hold, leaving many questions unanswered about the future of Nigeria's oil industry. The joint hearing by the Senate and House of Representatives Committees on Petroleum Resources and Gas was supposed to shed light on the president's directive to remit oil and gas revenues directly to the Federation Account. However, the Minister of State for Petroleum Resources, Heineken Lokpobiri, asked for more time to prepare his defence, citing the need to study relevant documents. The lawmakers had convened the session to seek explanations on the president's executive order and its implications for Nigeria's petroleum industry. The hearing was attended by top officials, including the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) and the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). However, the minister's request for more time to prepare his defence stalled the proceeding. This development may come as a blow to President Tinubu's efforts to boost government revenue through the executive order. As the Chairman of the Senate Committee on Finance, Sani Musa, noted earlier, many assumed that the executive order would automatically boost government revenue. However, Nigeria has yet to attain its desired revenue levels, and the drive to enhance revenue generation through the executive order may prompt the president to propose amendments to the Petroleum Industry Act (PIA). The executive order, signed on Wednesday, scrapped the 30% Frontier Exploration Fund established under the PIA and discontinued the 30% management fee on profit oil and profit gas retained by the NNPC. It also mandated the direct remittance of oil and gas revenues to the Federation Account. As Nigeria continues to grapple with economic challenges, the fate of this executive order and its implications for the oil industry remain uncertain. The delay in the investigation highlights the complexities involved in implementing such a directive. It also underscores the need for thorough scrutiny of such policy decisions to ensure that they are in the best interest of the country. As the National Assembly continues to deliberate on the president's executive order, one thing is clear: the future of Nigeria's oil industry hangs in the balance.