Nigeria bars NNPC from collecting 30% management fee on oil revenues
Directive redirects oil revenue share from NNPC to government accounts
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Nigeria ordered the national oil company to stop collecting a 30% management fee on oil and gas revenues.
Why it matters
The directive shifts revenue flows from the state-owned company to government coffers, altering fiscal allocation and control over oil income.
Implications
- — NNPC must cease fee deductions — failure risks regulatory breach
- — Government finance authorities must manage increased revenue inflows — delays risk fiscal misallocation
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