N369.5bn petrol subsidy cost hits federation account

By Mod - 2021-06-01 15:32:05 - [ News ]

There was an indication that the Nigerian National Petroleum Corporation, NNPC, has made good its threat to deduct the N111.966 billion it spent in subsidizing the pump price of petrol in March by withholding same amount from the Federation Account, making zero remittance to the Federation Account Allocation Committee, FAAC.

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Source:

https://www.vanguardngr.com/2021/06/n369-5bn-petrol-subsidy-cost-hits-federation-account/

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