Tinubu's EO9 on Oil & Gas Revenue Remittance is Constitutional, Enforces Existing Provisions — Budget Office DG Tanimu Yakubu
The Executive Order No. 9 (EO9) signed by President Bola Tinubu, mandating direct remittance of oil and gas revenues into the Federation Account, is fully constitutional, according to the Director-General of the Budget Office of the Federation, Tanimu Yakubu. In a statement issued on Monday in Abuja, Yakubu—who also serves as Secretary of the EO9 Implementation Committee—defended the order against criticisms that it amounts to the President "making law." He described such claims as a misinterpretation of both the Constitution and fiscal principles. Yakubu emphasized that EO9 does not create new legislation but enforces existing constitutional provisions on revenue management. Key anchors include: Section 80(1) of the 1999 Constitution (as amended), which mandates that all revenues raised or received by the Federation must be paid into the Consolidated Revenue Fund (a single, recognized account) before any appropriation, sharing, or spending. Section 44(3), which vests owner...