Ifeanyi Onuba, Abuja
After weeks of horse-trading over revenue underpayment by the Nigerian National Petroleum Corporation, the three tiers of government have finally received the sum of N668.8bn as allocation for the month of May.
The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, confirmed the release of the fund in a statement issued in Abuja on Friday.
He said the fund was released to the three tiers of government while reconciliation of the revenue underpayment was still ongoing.
The statement read in part, “Owing to the disagreement on remittances by the revenue generating agencies, especially the NNPC, the sharing of revenue for May 2018 that was meant to be distributed in June 2018 was put on hold.
“However, the urgent need to cushion the undue hardships being experienced by workers nationwide has made it necessary to distribute the May figures…
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