Tinubu's oil revenue directive gets support from finance chiefs
Nigeria's oil revenue management directive signed by President Tinubu has received backing from state finance commissioners. Chairman Akintunde Oyebode stated there are no negatives to the Executive Order aimed at safeguarding oil and gas revenues, curbing wasteful spending, and eliminating duplicative structures in the sector. The directive is expected to redirect resources for Nigerians' benefit, with Oyebode highlighting recent $10 billion in new investments including Bonga North and Fund for Innovation in Development projects. He noted improved investor environment due to macro factors like foreign exchange liquidity and growth stability.