Subsidy: RMAFC backs Tinubu, withholds NNPCL N8.4tn FAAC contribution

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has backed President Bola Tinubu’s decision to stop the subsidy on petrol products. In his inaugural address on May 29, Tinubu stated that “subsidy can no longer justify its ever-increasing costs in the wake of drying resources.” The President promised to use the funds to help Nigerians […]

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