NNPC faces liquidity concerns after Tinubu’s oil revenue executive order – Analysts

Analysts have raised concerns that the recent executive order signed by Bola Tinubu mandating the direct remittance of oil and gas revenues to the Federation Account could significantly affect the liquidity and operational flexibility of the Nigerian National Petroleum Company Limited (NNPCL).

According to experts, stripping the national oil company of certain revenue retention mechanisms may weaken its ability to meet financial obligations to vendors and investors, and potentially disrupt operations.

In an exclusive interview, Dr Muda Yusuf, founder of the Centre for the Promotion of Private Enterprise (CPPE) and former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), expressed concern about the cash-flow implications for NNPCL.