[GIST] Cash crunch: NNPC writes govs, bloated subsidy eats up revenue

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The Nigerian National Petroleum Corporation has alerted the federal and state  governments to its  dwindling contribution to the federation account as a result of the bloated fuel subsidy. It said it would  only be able to remit N12.966bn to  the Federation Accounts Allocation Committee in June after removing fuel subsidy from its income. The corporation,…

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