FG, states, councils share N668.9b, NNPC still a problem

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Dr. Maikanti Baru, NNPC GMD: States want his corporation to put more money in the pool

By Racheal Ishaya

Nigeria’s  Federal, States and Local Government Councils have shared N668. 89 billion from the federation account as revenue generated in May, with the  NNPC still refusing to jack up its contribution to the pool.

The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, made this known in a statement on Friday in Abuja.

Dodo, however, said that the distribution of the funds did not signify the end of the dispute between the Federation Account Allocation Committee (FAAC) and some revenue generation agencies, such as the NNPC.

“Owing to disagreement on remittances by the Revenue Generating Agencies, especially the NNPC, the sharing of revenues 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…



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