Tag: Oil and gas revenue

HomeOil and gas revenue

Economists, industry experts and public finance analysts have hailed President Bola Tinubu’s latest executive order stripping the Nigerian National Petroleum Company Limited (NNPC) of the power to retain portions of oil and gas revenues before they reach the Federation Account. They said the order would help to strengthen revenue remittance compliance and enhance transparency, adding …

Tinubu’s Executive Order to NNPC Will Block Revenue Leakages, Increase FAAC Disbursements - Experts

Federation allocation to the federal government, states and local councils declined to N1.928 trillion in November, according to the Federation Account Allocation Committee (FAAC). A statement on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, stated that the revenue was shared at the …

FAAC Allocation to FG, States, LGCs Rises to N2.22trn in August

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