ANALYSIS: N25 trillion FAAC distribution and lingering financial challenges of state governments
“While FAAC disbursement to states is a constitutional arrangement, it cannot be stopped by sheer discretionary measures. However, there must be a political will to ensure that states’ IGR Surpass federal allocations.”
Fuel Sales: NNPC, Tinubu, Adenuga, Otedola, others owe Nigerian govt N86.4 billion
Some firms have started repaying for distribution of products over the last 10 years.
NNPC, others lifted 62million barrels of crude in July
Record shows about 58.31 million barrels of wellhead production was short of actual figure
Nigeria realises N2.432 trillion oil revenue between January, April
N622.9 billion was made from gross oil revenue receipts for April alone. The latest monthly Economic Report by the Central Bank of Nigeria, CBN, showed that about N622.9 billion was made from gross oil revenue receipts for April alone. The figure was lower than about N689.1 billion realised in March by about 9.6 per cent, […]