Executive Order: FG Implements Direct Oil Revenue Payout to FAAC
Executive Order 9 of 2026, which requires that oil income be sent directly to the Federation Account Allocation Committee, has been put into effect by the Federal Government. In a statement released on Monday, Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, revealed this information and listed the main decisions made during the meeting. This came after the first meeting of the executive order's implementation committee and President Bola Tinubu's directive about the remittance to FAAC.

