The Petroleum Products Retail Outlets Owners Association of Nigeria has described the recently signed Executive Order No. 9 of 2026 as a bold reform that will deepen fiscal discipline and reposition Nigeria’s oil and gas industry for greater efficiency.
The association said the order would enhance accountability and eliminate revenue leakages in the sector, while promoting transparency in the management of oil and gas revenues.
In a statement signed by its National Public Relations Officer, Dr. Joseph Obele, PETROAN commended Bola Ahmed Tinubu for signing the Executive Order, noting that the measure demonstrates a strong commitment to safeguarding national resources.
President Tinubu had signed Executive Order 9, also known as the Presidential Executive Order to Safeguard Federation Oil and Gas Revenues, as part of ongoing reforms aimed at strengthening oversight and improving governance in the petroleum sector.
According to PETROAN, the policy would instill greater fiscal responsibility across institutions involved in the management of oil and gas proceeds, ensuring that revenues due to the federation are properly accounted for and remitted.
The association expressed optimism that the reform would restore investor confidence, curb systemic inefficiencies, and contribute to sustainable growth in the energy industry.
