Wednesday, 30 August 2017

States, LGs receive N244bn from NNPC N450bn debt refund

States, LGs receive N244bn from NNPC N450bn debt refund
Ike Amos 30 August 2017, Sweetcrude, Lagos — States and Local Government in Nigeria received N243.758 billion from the Nigerian National Petroleum Corporation, NNPC, N450 billion debt repayment since October 2011. According to a report by the Nigeria Extractive Industries Transparency Initiative, NEITI, payments to state governments totaled N151.446 billion while payments to local governments […] More »

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