We’ll Deduct N243 Billion Fuel Subsidy From Federal Allocation For March – Nigerian Petroleum Company, NNPC

The Nigerian National Petroleum Company Limited is to deduct N242.53 billion as subsidy on Premium Motor Spirit, popularly called petrol, from the Federation Account this month.Although it described the proposed subsidy deduction as a value shortfall, the oil firm stated that the fund would be recovered from February 2022 proceeds due for sharing in the March 2022 Federation Account Allocation Committee meeting…
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