Tinubu’s Bold Move: Ending NNPC’s 30% Cut to Boost States’ Revenue and Drive Real Progress
By; Steve Otaloro In a bold and consequential policy shift, President Bola Ahmed Tinubu has directed the cessation of the 30% management fee deduction previously retained by the Nigerian National Petroleum Company Limited (NNPCL) on oil revenues. Henceforth, all oil revenues- net of statutory deductions- will be remitted directly into the Federation Account. This policy […]
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