S’South Govs Back Tinubu’s Executive Order On Oil Revenue Remittance
Naija News • 5d ago
The South-South Governors Forum (SSGF) has described President Bola Tinubu’s Executive Order mandating the direct remittance of all oil and gas revenues to the Federation Account as a historic and landmark decision.
The SSGF Chairman and Governor of Bayelsa State, Senator Douye Diri, in a statement issued on Wednesday, said the region’s governors welcomed the decision as a critical shift towards the restoration of constitutional integrity in Nigeria’s petroleum sector.
The Forum said the Executive Order was comprehensive, unambiguous and heartwarming, and that it raised hope that after many years of opaque and complex deduction structures, the federal, state, and local governments would begin to receive their rightful entitlements from the Federation Account.
The statement reads: “The S...