Subsidy payments gulped N1.82trn in five months, arrears hit N3.73trn
The Nigerian National Petroleum Company (NNPC) Limited says it paid N307.408 billion as petrol subsidy payment in May 2023. The national company disclosed this in its monthly presentation to the federation account allocation committee (FAAC) meeting on June 22, 2023. Subsidy or under-recovery is the shortfall for the underpriced sales...
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