World Bank Reveals NNPC Remits Only Half of Subsidy Gains to Federation Account — As EFCC Probes Transparency in Oil Revenue

Nearly a year after President Bola Tinubu scrapped petrol subsidies, the World Bank has disclosed that the Nigerian National Petroleum Company (NNPC) Limited is remitting just 50 percent of the revenue generated from the subsidy removal to the federation account — a development that now raises fresh questions about the transparency of Nigeria’s most critical [...]The post World Bank Reveals NNPC Remits Only Half of Subsidy Gains to Federation Account — As EFCC Probes Transparency in Oil Revenue appeared first on Tekedia.

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