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Nigeria produces millions of barrels of crude oil every day. But where does the money actually go? In this episode of Nigerianomics, we break down the structure of Nigeria’s oil revenue system step by step — from the moment oil is produced to the point where the money reaches government accounts. You will learn: • Who legally owns Nigeria’s oil • How oil revenue is divided between government and oil companies • What the Petroleum Industry Act (PIA) changed • How NNPC Limited operates as a commercial company • Why only part of the money reaches the Federation Account • What President Bola Tinubu’s Executive Order is trying to change • Why PENGASSAN and industry experts raised operational concerns Using a simple 100-barrel example, this video explains one of the most important questions in Nigeria’s economy: Who controls Nigeria’s oil money? This is Nigerianomics — where Nigeria’s economic systems are explained clearly. Subscribe to understand Nigeria like never before.