PIA’ll reduce revenue accruals to Federation Account

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PIA’ll reduce revenue accruals to Federation Account – RMAFC

« on: July 21, 2022, 07:02:08 am »

PIA’ll reduce revenue accruals to Federation Account – RMAFC

The implementation of the Petroleum Industry Act 2021 is going to significantly reduce the revenue accruable to the Federation Account, the Revenue Mobilisation Allocation and Fiscal Commission declared on Wednesday. It stated that while the PIA sought to provide legal, governance, regulatory and fiscal framework for the management of the petroleum industry and the development

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