* Oil revenue accounts for 80 pct of gov’t revenues * Probes have found state-oil firm to lack transparency * Nigeria is Africa’s 2nd largest economy, top oil producer Nigeria’s state-energy company NNPC hasn’t accounted for nearly $50 billion in revenue from the sale of crude oil which should have […]
Tag: Federation Account
Federation Account 2012: How They Shared N10.8 Trillion
The Economic Confidential Magazine provides the detailed tables of allocations of 10.8 trillion to Federal, States and Local Governments in Nigeria, between January 2012 & December 2012 from the monthly disbursements from the Federation Account. The allocations were made from Statutory, VAT, 13% Derivation, Foreign Excess Crude Account, Refunds from […]
