Subsidy removal: FG, states, LGs allocations hit N10.14tn

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government in 2023 to N10.14tn. Data released on Tuesday by the Nigeria Extractive Industries Transparency Initiative in its latest report on the Federation Account revenue allocations

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