When President Bola Tinubu signed Executive Order 9 directing that oil and gas revenues flow directly into the Federation Account, bypassing layers of deductions by the Nigerian National Petroleum Company Limited (NNPC), the announcement landed with the force of a long-overdue reckoning.
Nigeria, Africa's largest crude producer, had watched billions of petrodollars disappear into a web of management fees, frontier funds, and opaque expense lines for years. The order, on its face, promised to end that.
But analysts and legal experts at the
