Tinubu’s Executive Order May Raise FAAC Allocation by N15tn
President Bola Tinubu’s new Executive Order is set to significantly increase revenue allocations to federal, state, and local governments, with projections indicating a potential boost of nearly N15tn to the Federation Account. The directive mandates that royalty oil, tax oil, profit oil, profit gas, and other government earnings under Production Sharing Contracts be paid directly […]