The Nigeria Governors’ Forum (NGF) threw its weight behind President Bola Tinubu’s executive order mandating the direct remittance of all oil and gas revenues into the federation account.
Kwara State governor, Abdulrahman Abdulrazaq, made the Forum’s position known in a statement.
Abdulrazaq, who is also the NGF chairman described the reform as a critical step towards strengthening fiscal transparency, predictability, and constitutional alignment across the three tiers of government.
He said the reforms are necessary to clarify regulatory mandates within the petroleum sector and ensure the federation account remains the “backbone of Nigeria’s intergovernmental fiscal system.”
Abdulrazaq said recent communiqués issued after meetings of the federation account allocation committee (FAAC) have consistently shown gaps between gross revenue collections and final distributable amounts.
The forum chairman said it is the final distributable amounts that determine the fiscal capacity of subnational governments.
“When remittance pathways are layered, complex, or difficult to reconcile, fiscal predictability weakens, and that directly affects capital planning cycles across the federation at federal, state, and local government levels,” he added.
