NNPC N123bn remittance and the burden of subsidy debt
…Says only $2.7bn approved for refinery rehabilitation, not $19bn Established 46 years ago, the NNPC has recently come under intense attack for rundown refineries, and non-remittance of cash due to the Federation Account. The situation has become tense as revenues accruing to states dropped drastically since the advent of Covid-19. For a country that…