States, LGs receive N244bn from NNPC N450bn debt refund

Ike Amos 30 August 2017, Sweetcrude, Lagos — States and Local Government in Nigeria received N243.758 billion from the Nigerian National Petroleum Corporation, NNPC, N450 billion debt repayment since October 2011. According to a report by the Nigeria Extractive Industries Transparency Initiative, NEITI, payments to state governments totaled N151.446 billion while payments to local governments […] More »