Abuja — The Nigerian National Petroleum Corporation (NNPC) is continuing its regime of deduction from the federation account as it set to withhold N117.4 billion from the three tiers of government, THISDAY gathered yesterday.
With the development, by the time the national oil company withdraws the full amount this month during its monthly Federation Account Allocation Committee (FAAC) meeting, the total subsidy retention on petrol since this year would have hit a total of N608.808 billion since the full return of what the government termed under-recovery in February this year.
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