NNPC plans to contribute nothing to FAAC for the next two months.

Due to fuel subsidy payments, the Nigerian National Petroleum Corporation would be unable to contribute to the Federal Accounts Allocation Committee (FAAC) in April, putting its plans in jeopardy. The NNPC wrote to the Attorney General on April 26 and said: “The Accountant General of the Federation is kindly...for further reading, click on https://businessday.ng/energy/oilandgas/article/nnpc-projects-zero-contribution-to-faac-for-next-two-months/

Source: BusinessDay Newspaper                     April 28, 2021