Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

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Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

« on: September 23, 2023, 07:00:17 PM »

Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

Despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $1.9bn to the Federation Account in 2021 before transitioning to a commercial venture, the federal government has the biggest indebtedness to the national oil company with about N4.1trn ($9.74bn) for outstanding subsidy payment. […]

Source: Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt

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